For Starbucks ( SBUX) CEO Brian Niccol to achieve maximum greatness — which would boil down to a sustained turnaround in North America sales by later this year — he must improve consumer perception that the chain's coffee costs too much. New data out of JP Morgan on Thursday suggests he has a long way to go on this front.
Sales dropped 4% in the U.S. and worldwide in the latest quarter, compared to the previous year, marking the fourth quarter of declines in a row. Niccol, who was nabbed from Chipotle, is reportedly being paid $10 million in bonuses for just six months at the company.
In poring over Technomic’s 2025 America’s Favorite Chains data, one thing became abundantly clear: younger consumers love a nostalgic dessert restaurant brand. The report not only features America’s favorite restaurants overall, but breaks the data down by generation for Gen Z and millennials (those with the most spending power at the moment).
Food giant Nestle unveiled a $675 million Glendale plant that makes creamers for coffees, a segment where the company expects significant growth.
HOUSTON — Coffee giant Starbucks announced this week it will eliminate close to 30 percent of its beverages and food. The company’s CEO says the move will simplify Starbucks’ menu and improve the customer experience by reducing wait times prompted by overly complicated drink orders.
Starbucks has always remained a historical favorite among various age groups, particularly the millennials and Gen Z.
The mood at Reagan National Airport is somber following a devastating plane crash near Washington, DC, hours ago. Family members of likely victims are waiting anxiously for answers as first responders continue their search-and-rescue efforts. Here’s what else you need to know to Get Up to Speed and On with Your Day .
Kitanda, a Seattle-based coffee company, is branching out to the Orlando market — and this one specializes in acai as well.
Buckeye Chuck is expected to be up early Sunday for his annual weather prediction. Here's where you can get coffee and breakfast that morning.
A Starbucks employee in Mobile, Ala., had to have stitches and rabies vaccinations on Jan. 10 after a pet Aotus monkey jumped out of a car at the drive-thru window and into the restaurant.
Argyle and Northlake elected officials, along with representatives of Hillwood Development and Ridgemont Construction, broke ground Tuesday on the long-awaited Tom Thumb grocery store in Harvest Town Center at the northwest corner of I-35W and FM 407.