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The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Starbucks' top boss made it clear to employees during an internal forum that they need to improve their efficiency in making decisions amid turnaround efforts.
In the latest trading session, Starbucks (SBUX) closed at $111.69, marking a -0.33% move from the previous day.
People spend less on certain items when under economic stress. Presently, with inflation remaining stubbornly high, particularly for food items like eggs, consumers have been stretched.
As Starbucks tries to revive its faltering business in China, analysts say strategic partnerships and returning to its roots as a place where customers come for a coffee "experience" offer the best bet to beat intense competition and deflationary woes.
BlackRock is an interesting case study as I sold it for a nice profit even though the company's investment thesis is still intact. However, some metrics aren't as strong as before. I have a Telus position in one of my other portfolios. I've actively monitored its cash flow metrics. Brookfield Renewable reported another solid quarter with FFO per unit up 21%. The company's hydroelectric, wind, solar, and distributed energy businesses all contributed positively despite weaker North American hydrology affecting hydroelectric generation.
Starbucks in the middle of a turnaround plan under Chief Executive Brian Niccol.
Starbucks Corp has poached Nordstrom chief financial officer Cathy Smith as the coffee shop chain continues to embark on turnaround efforts. Smith replaces longtime veteran Rachel Ruggeri, who had been at Starbucks for over 20 years and became chief financial officer in 2021.
Nordstrom CFO Cathy Smith will join Starbucks, replacing its current chief financial officer Rachel Ruggeri. Starbucks CEO Brian Niccol has shaken up the leadership team since joining the coffee chain in September.
Dublin, March 04, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Starbucks Corporation 2024" company profile has been added to ResearchAndMarkets.com's offering. The report provides insights into company's tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives.