J. Cal

That's why, because when everyone turned on Biden, yeah, it's like one night when everyone turned on Biden after the debate, all the journalists who had been covering Biden for so long that it was obvious in their face the whole time, they suddenly have to be like, okay, I guess we got to admit now he's not really there.

That's why, because when everyone turned on Biden, yeah, it's like one night when everyone turned on Biden after the debate, all the journalists who had been covering Biden for so long that it was obvious in their face the whole time, they suddenly have to be like, okay, I guess we got to admit now he's not really there.

All right. If the Harris campaign is listening, JCal's advice is out there. You may come on the pod. You're always welcome. Everyone that's running for president is welcome on the pod.

All right. If the Harris campaign is listening, JCal's advice is out there. You may come on the pod. You're always welcome. Everyone that's running for president is welcome on the pod.

Apparently, I don't know. Why wouldn't they take it? No, they would take the interview. So Portnoy claims that the Harris campaign reached out and asked to be on two or three of their shows and Barstool declined having her on which is pretty unbelievable.

Apparently, I don't know. Why wouldn't they take it? No, they would take the interview. So Portnoy claims that the Harris campaign reached out and asked to be on two or three of their shows and Barstool declined having her on which is pretty unbelievable.

Okay, got it. You got your line. Let's move on. It's a dead heat.

Okay, got it. You got your line. Let's move on. It's a dead heat.

We got it. Let's go. So we're going to wrap up with... Starbies? What I think is a pretty... Yeah, Starbies. Super interesting topic because it's a real question around traditional shifting to digital. Is that why Starbucks is having challenges? Or is it just maturity? Or is it what happens when a brand that's successful as a luxury brand gets too big? And the kind of...

We got it. Let's go. So we're going to wrap up with... Starbies? What I think is a pretty... Yeah, Starbies. Super interesting topic because it's a real question around traditional shifting to digital. Is that why Starbucks is having challenges? Or is it just maturity? Or is it what happens when a brand that's successful as a luxury brand gets too big? And the kind of...

you know, premium experience commoditizes. So as you guys know, we covered the Starbucks CEO, Brian Nickel, joining a few months ago. This was after the prior CEO had been in the office for just 16 months. And there were a lot of problems that were plaguing Starbucks.

you know, premium experience commoditizes. So as you guys know, we covered the Starbucks CEO, Brian Nickel, joining a few months ago. This was after the prior CEO had been in the office for just 16 months. And there were a lot of problems that were plaguing Starbucks.

But just this Tuesday, Brian Nicol came on and said that we're suspending guidance for 2025 after reporting preliminary earnings that showed another drop in sales at Starbucks. Same store sales, which is the key metric in the QSR or food and beverage retail business, It tracks what your revenue is year over year. Same source sales declined 7% year over year.

But just this Tuesday, Brian Nicol came on and said that we're suspending guidance for 2025 after reporting preliminary earnings that showed another drop in sales at Starbucks. Same store sales, which is the key metric in the QSR or food and beverage retail business, It tracks what your revenue is year over year. Same source sales declined 7% year over year.

Earnings per share dropped 25% year over year. So Nichols said, we're getting the bad news out of the way. Now we're going to this back to Starbucks plan, focus on experience, improve the throughput experience and quality, make baristas choose Starbucks as a career. And then he went through a whole plan. He put out a six, seven minute video on this whole thing.

Earnings per share dropped 25% year over year. So Nichols said, we're getting the bad news out of the way. Now we're going to this back to Starbucks plan, focus on experience, improve the throughput experience and quality, make baristas choose Starbucks as a career. And then he went through a whole plan. He put out a six, seven minute video on this whole thing.

So clearly customers are frustrated with the Starbucks product, the Starbucks experience, the employees are frustrated working there. And a lot of the system seems to be breaking down. I guess I wanted to kind of talk about what is the core driver and is there a business lesson in all of this? about premium brands or about scale and maturity and markets to be learned from the Starbucks story.

So clearly customers are frustrated with the Starbucks product, the Starbucks experience, the employees are frustrated working there. And a lot of the system seems to be breaking down. I guess I wanted to kind of talk about what is the core driver and is there a business lesson in all of this? about premium brands or about scale and maturity and markets to be learned from the Starbucks story.

So I don't know if any of you guys have gone through this earnings report or looked at the Nicholas video.

So I don't know if any of you guys have gone through this earnings report or looked at the Nicholas video.