From “CNBC”: 2024-05-06 09:17:42

Former Starbucks CEO Howard Schultz expressed his belief that the company can bounce back if they enhance U.S. store operations. Starbucks slashed its full-year forecast after missing Wall Street estimates, leading to a 17% dip in shares. Analysts speculate social media backlash and a 7% decline in U.S. traffic may be the culprits. Schultz gave advice to current CEO Laxman Narasimhan on restoring trust and boosting performance. Schultz previously expanded Starbucks into a global powerhouse before stepping down last year. He clarified that he has no plans to return as CEO.



Read more at “CNBC”: Ex-CEO Howard Schultz weighs in on Starbucks earnings miss