These Analysts Say Brian Niccol's Past Could Help Starbucks' China Recovery. Here's Why.
Starbucks(SBUX) Investopedia·2024-09-19 02:25
Key TakeawaysAddressing lagging sales in China has been seen as a key issue for new Starbucks CEO Brian Niccol. Bank of America analysts said Wednesday that his global experience should help.The coffee giant's sales have fallen in China in recent years, with executives citing a slow post-COVID economy as a reason.Starbucks' China same-store sales dropped by 14% year-over-year in the most recent quarter. Starbucks' (SBUX) falling sales in China are one of the major issues for new CEO Brian Niccol, who took o ...