Starbucks' CEO Believes the Company Is on the Right Track. Is the Stock a No-Brainer Buy?
Starbucks (NASDAQ: SBUX) has been undergoing changes over the past several months in an effort to turn around its business and get back to growth. CEO Brian Niccol took over back in September and has been working on improving the in-store experience for customers. The company is still in the early stages of that turnaround, but Niccol is seeing progress.Recently, Starbucks released its latest quarterly numbers, which showed positive growth. And Niccol is optimistic that better results are ahead for the business. With the coffee stock down around 30% from its 52-week high at the time of this writing, has it become a no-brainer buy?Image source: Getty Images.Continue reading
Starbucks (NASDAQ: SBUX) has been undergoing changes over the past several months in an effort to turn around its business and get back to growth. CEO Brian Niccol took over back in September and has been working on improving the in-store experience for customers. The company is still in the early stages of that turnaround, but Niccol is seeing progress.
Recently, Starbucks released its latest quarterly numbers, which showed positive growth. And Niccol is optimistic that better results are ahead for the business. With the coffee stock down around 30% from its 52-week high at the time of this writing, has it become a no-brainer buy?
Image source: Getty Images.
