Starbucks reports better-than-expected quarterly sales as turnaround efforts begin
 · 20hSeattle Daily Journal of Commerce
Starbucks sales better than expected
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
Ticker: Starbucks turnaround efforts begin; Consumer confidence dips again
Starbucks plans to cut 30% of its menu
Starbucks is planning to cut its food and beverage offerings by 30 per cent over the course of this year to simplify operations and speed up service.
Starbucks says the little things are helping its turnaround. It still faces these big hurdles.
Shares of Starbucks Corp. rallied after hours Tuesday after the coffee chain reported quarterly results that beat expectations, as it tries to revive sales following a year marked by cautious consumers.
Analysts lift Starbucks’ stock price targets as Wall Street buys into turnaround
Wednesday as Wall Street analysts hiked their price targets for the stock and bought into upbeat comments from Chief Executive Brian Niccol after his first full quarter at the helm. Niccol said Tuesday the company’s work to freshen its brand around coffee craftsmanship “is just beginning.
Starbucks Corp. stock outperforms competitors on strong trading day
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Starbucks plans to downsize menu, roughly cutting 30% of beverage, food offerings
Starbucks will also add digital menus to all of its company-owned U.S. stores over the next 18 months to make ordering options clearer.
Analysts lift Starbucks' stock price targets as Wall Street buys into turnaround
Among them, Citigroup edged up its Starbucks price target by $1 to $100 a share and reiterated a neutral rating, while Goldman Sachs analysts lifted their view to $111a share from $109 a share and stuck to their buy rating on the stock, according to FactSet data.
Starbucks: EPS Beats Despite Sales Dip
The earnings announcement was a mixed bag, with earnings per share (EPS) and revenue slightly surpassing analysts' expectations but facing declines in key sales metrics. Starbucks reported EPS of $0.69,
Southwest risks regulatory scrutiny after including adjusted revenue with quarterly numbers
SEC only allows companies to adjust revenue figures under limited circumstances Southwest Airlines Co. may be at risk of a comment letter from the Securities and Exchange Commission after including adjusted revenue in its fourth-quarter earnings report published early Thursday.
Why the SEC might have an issue with Southwest's earnings
Southwest Airlines Co. may be at risk of a comment letter from the Securities and Exchange Commission after including adjusted revenue in its fourth-quarter earnings report published early Thursday. The carrier (LUV) explained in footnotes that the adjusted revenue,