Starbucks replaces its CEO, names Chipotle chief to head the company

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 91 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 99%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Starbucks, struggling with weak demand and disgruntled investors, said Tuesday it's replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle.

FILE - A Starbucks mermaid logo sign is displayed on a store, May 29, 2024, in Salem, N.H. Starbucks, struggling with weak demand and disgruntled investors, said Tuesday it's replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle.

Revenue fell again in the April-June period. A new summer drink with boba-like raspberry "pearls" drove strong U.S. sales, but the company had to pull back on marketing after it ran out of ingredients, Narasimhan said during a recent conference call with investors. Meanwhile, Starbucks's share price has fallen 18 per cent so far this year.

Chipotle has continued to see growth despite a larger slowdown in U.S. fast food sales as lower-income customers, in particular, eat more meals at home or look for better value. In the April-June period, Chipotle's revenue increased 18 per cent while its same-store sales -- or sales at stores open at least a year -- rose 11 per cent.

Canada taking review of immigration screening of terror plot suspects 'extremely seriously,' PM Trudeau says Armed with a keen eye and curiosity, Jim Wilson has watched birds in New Brunswick for decades. Recently, Wilson saw his 400th species of bird, but the search continues for the next one.A recent Rentals.ca and Urbanation survey shows average rental rates rose 5.9 per cent across the country compared to this time last year, but in Halifax it's a different story.Police in Stratford, Ont.

Majority of drivers caught by photo radar camera on King Edward Avenue are from Quebec, councillor says The long, drawn-out criminal trial of 'Freedom Convoy' organizers Tamara Lich and Chris Barber is winding down as lawyers prepare to deliver their final arguments this week.Three dead after crash in Pictou County: N.S. RCMP'Things have to change': North End Biz sounds alarm over exodus of businesses

A group of customers say they've lost hundreds of thousands of dollars after dealing with the Saskatoon-based Prairie Timber Group Ltd.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 1. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Starbucks replaces its CEO, names Chipotle chief to head the companyStarbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »

Starbucks replaces its CEO, names Chipotle chief to head the companyStarbucks said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a year in the job.
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »