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Brian Niccol

๐Ÿ‘ค Speaker
272 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

And reserve is the top.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

Reserve would be the top.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

You'll actually get a black reserve Starbucks card, which will be pretty cool because everything seems to be so virtual anymore.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

I think people like every once in a while to get something tangible.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

But the green tier then allows you to redeem stars and you can get a reward with not that much engagement.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

And so it just gets people to be more connected to the brand.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

And then ideally over time, they'll migrate into gold or

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

Look, I've looked at this as I've come in, and a company at our scale, we have 40,000 coffee houses around the world, over 400,000 Green Apron partners.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

I think if we can consistently deliver a comp that is 3% or better, revenue growth that is 5% or better, and then earnings growth that outpaces that, that would be world-class.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

And

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

We're a world-class company, and we will deliver, I think, world-class results as we get going on this turnaround.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

So make no mistake, we are a growth company at scale, which is really exciting, I think.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

So the bottom line, you'll start to see us make improvements, I think, as we get into the back half of this year and then every year from here on out.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

And that's really what we guided people towards is we'll get into the 13 to 15 percent range on margins here by 2028.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

And then actually, that's just, I think, a mile marker.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

There's opportunity for us to grow even beyond that.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

You know, look, initially we had to do some reinvesting in the business to get, again, the right people.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

We invested over, I think it's 500 million, close to $600 million into the labor experience.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

And, you know, the best way for you to then start driving earnings is we got to get the top line going.

Bloomberg Talks
Starbucks CEO Brian Niccol Talks Earnings, Growth, Unions

We've done that.