Analysts rush to upgrade Starbucks stock as new CEO sparks optimism; shares up 20%
) shares surged more than 20% Tuesday after the company announced that Brian Niccol, the current Chairman and CEO of Chipotle Mexican Grill (NYSE:Niccol, who has led Chipotle since 2018, will officially assume his new role at Starbucks on September 9, 2024, leaving Starbucks, effective August 31. During his tenure at Chipotle, Niccol transformed the company by focusing on people, culture, and digital innovation, leading to a near doubling of revenue and an 800% increase in the stock price.
At Chipotle, Scott Boatwright, the current Chief Operating Officer, has been appointed interim CEO following Niccol's departure. Boatwright, a seven-year Chipotle veteran, was instrumental in the company's turnaround strategy and will continue to execute its strategic plan without interruption. "When he arrived at CMG, the company was just emerging from a damaging bout with e.coli, and the brand needed a boost to recover from this incident and operations required rebuilding. The results have been dramatically better than we ever anticipated," wrote the firm."As we think about SBUX, the range of issues to address is larger, and more of it is macro-related. However, based on the track record, we believe it makes sense to bet on his success in this new domain.
"Based on this outlook, we now expect sentiment on the shares to remain positive even if operating results are lackluster for the next few quarters," they added.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian NiccolStarbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol. Shares of Starbucks rose 10% in premarket trading on the…
続きを読む »
Starbucks Just Quietly Changed Its Iced Coffee For the First Time in Nearly 20 YearsYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
続きを読む »
Former Slync CEO sentenced to 20 years for defrauding investorsThe founder and former CEO of supply chain management software company Slync was sentenced Thursday to 20 years in federal prison.
続きを読む »
Starbucks names Chipotle's Brian Niccol as CEO; Chipotle stock tumblesStarbucks names Chipotle's Brian Niccol as CEO; Chipotle stock tumbles
続きを読む »
Chipotle stock falls as CEO Brian Niccol leaves for StarbucksChipotle stock fell 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.
続きを読む »
Chipotle stock falls more than 10% as CEO Brian Niccol leaves for StarbucksChipotle stock fell 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.
続きを読む »