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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

But but why not now?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I want to talk about the coffee and the food.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

Obviously, one of the biggest buzz right now around Starbucks is the add-on foam protein.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I am curious.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I mean, obviously, it's in the zeitgeist.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

But is there any way you can articulate whether it's actually been accretive with regards to sales and the bottom line?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I mean, what do transactions look like for those protein drinks?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

I am curious about price, particularly in light of some upstart competitors that have come into this space, like Dutch Bros, as well as Seven Brew, Luckin Coffee, and a few others here.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

Do you feel like you need to compete

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

with those names on price, or can you sort of maintain this sort of relative premium or luxury model that I think Starbucks has had a perception of being?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

Before I let you go, Brian, I do want to ask you a little bit more about the international strategy, particularly with regards to China.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

Starbucks has had a footprint there since at least the late 1990s.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

Bloomberg reported this week that you were close to finalizing a deal for a partnership with a private equity firm that would allow you to expand your footprint in China even further.

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

How much further do you want to go with that?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

And how far along are you in sealing that partnership?

Bloomberg Talks
Starbucks Chairman & CEO Brian Niccol Talks Turnaround Plan

You think wrapping up that process will happen before the investor day in January?

Bloomberg Talks
Airbus CEO Guillaume Faury Talks Earnings, Delivery Delays

I am curious, Guillaume.

Bloomberg Talks
Airbus CEO Guillaume Faury Talks Earnings, Delivery Delays

I mean, we've heard from a lot of the major airline executives that have raised some concerns here about the backlog.

Bloomberg Talks
Airbus CEO Guillaume Faury Talks Earnings, Delivery Delays

In addition to just the general problems in getting those engines onto those gliders, there's now, at least here in the United States, the issue of a government shutdown that, of course, effectively brings to a halt or at least a slowdown in any sort of certification here.

Bloomberg Talks
Airbus CEO Guillaume Faury Talks Earnings, Delivery Delays

Have you had to address that at all so far?