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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 what I've seen just most recently from this quarter is when we do that with excellence,

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

Well, look, I think there are opportunities for us to continue to grow in New York City and, frankly, in a lot of communities around the United States.

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

We talked about this yesterday.

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

We believe we can add 5,000 stores.

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

We've got line of sight on that.

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

And as we grow our afternoon day part and grow the economics of the business, we'll probably go well beyond those 5,000 that we've identified.

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

So you'll see Starbucks continuing to bring new stores.

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

we want to be smart about where we locate them so that it's the right place for the customer most importantly and then also so that we can you know attract and retain partners to have a great experience working in the stores most of your revenue is still weighted to the morning you mentioned uh the pm if you will afternoon what actually gets people not only in the stores in the afternoon hours but also spending more

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

Yeah, well, so we have an afternoon business today, but I think there is a multi-billion dollar opportunity to grow our afternoon day part.

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

As we get the cafe set up to be a great place for you to kind of reset, recharge, whatever you want to do, and we pair that up with the right beverage and ultimately the right food, I think there's no reason why we can't have as strong of an afternoon day part as we have in the morning.

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

Well, I think we were sampling a lot of the things that we think are going to be right for the afternoon.

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

And, you know, we talked about our new energy refresher platform where you'll be able to do, you know.

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

completely decaffeinated to what is our standard caffeination and then add a little bit more and you'll be able to customize this.

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

So, you know, we want to have the right drinks for you, whether it's morning or afternoon.

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

And what we're seeing is in the afternoon, some people in certain cases aren't looking for caffeine.

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

In other cases, they're actually looking for more caffeine.

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

So we need to be able to provide it all.

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

And the thing that I love about Starbucks is personalization

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

slash customization is at the core of who we are and what we do.

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

So I'm really optimistic about what we can do with food and what we can do with beverages to be on trend, right?