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Romaine Bostick

๐Ÿ‘ค Speaker
630 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I mean, you obviously have to hire more people, but more importantly, you have to retrain a lot of your existing staff as well.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

How, I guess, receptive have they been to that, and have you faced any challenges?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

Yeah.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

And with regards to the actual physical Starbucks locations, I mean, there are a lot of layers to what you're doing here.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

One, obviously trying to make the interiors a little bit more accommodating and comfortable, but at the same time also efficient.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

You're also looking to sort of create more, I guess, lower cost models for building and operating some of these locations.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

Are those two in conflict with each other, those strategies?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

How much will the pace of those uplifts pick up?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I mean, you've only done a few dozen stores, at least in the most recent quarter here.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I mean, you've got more than 10,000 company-operated locations right here in North America.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

So when do we start to see the other thousands of locations get that uplift?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

There is still cost involved in this.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

You had a restructuring charge in the most recent quarter.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

The sales growth is coming back.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

There are still some concerns about whether margins could be under pressure as you go through this transition.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

What do you tell investors who ask that question?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

You seem confident.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

You seem optimistic.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I am curious as to why you didn't feel it was appropriate yesterday with regards to the earnings release in the call to reinstate some sort of guidance.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I know your CFO, Kathy Smith, said you would probably do that in January at an investor day.