Starbucks is restructuring its leadership team, bringing in two executives with Taco Bell ties under CEO Brian Niccol’s transformation plan. The company is splitting its North American president role into two positions. The restructuring aims to enhance accountability and streamline operations under Niccol’s “Back to Starbucks” strategy. The coffee giant reported fiscal first-quarter earnings and revenue that exceeded analyst expectations, despite a fourth consecutive decline in same-store sales. The decline was less severe than Wall Street anticipated as the company worked on its turnaround.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Starbucks is restructuring its leadership team bringing in two executives from Taco Bell
00:07ties under CEO Brian Nicole's transformation plan. The company is splitting its North American
00:12president role into two positions. The restructuring aims to enhance accountability
00:17and streamline operations under Nicole's back to Starbucks strategy.
00:21The coffee giant reported fiscal first quarter earnings and revenue that exceeded analysts'
00:26expectations despite a fourth consecutive decline in same store sales. The decline
00:31was less severe than Wall Street anticipated as the company works on its turnaround.