Starbucks CEO lays out long-term growth plan, aims to open thousands of new stores
Starbucks is seeking to return to pre-pandemic margins, executives said at the company’s investor day held Thursday, targeting net revenues up 5% or more and annual earnings per share of 4 by fiscal year 2028.The investor day, held in New York City, is the company’s first since CEO Brian Niccol’s hiring in September 2024, when he suspended financial guidance as he undertook a turnaround campaign. On Wednesday, Niccol said the plan was “ahead of schedule,” after it reported US sales growth for the ...