Starbucks Replaces CEO: Time to Buy?
SBUXStarbucks(SBUX) ZACKS·2024-08-14 23:45

While the overall market has delivered an impressive return in 2024, the same can’t be said for all, particularly Starbucks (SBUX) . Shares have faced consistent pressure amid worries surrounding China and declining same store sales.However, shares popped following news that Chipotle Mexican Grill (CMG) CEO Brian Niccol would be replacing Laxman Narasimhan as CEO of the company. Conversely, CMG shares fell following the news.In addition, it's critical to note that Brian Niccol was previously served as CEO o ...