This segment previously aired on November 3, 2023.
Starbucks (SBUX) will roll out a reinvention and efficiency strategy over the next three years, hoping to save $3 billion in costs and contribute to its global expansion plans.
Starbucks CFO Rachel Ruggeri joins Yahoo Finance’s Brooke DiPalma at the Nasdaq MarketSite to discuss the updates to the coffee chain’s cost-saving plans and how it is considering menu prices.
“The $3 billion is broken, really, into two areas — the first area is in our stores,” Ruggeri says, outlining plans to better fund in-store equipment needs and labor costs for busier franchises. “The remainder of the $2 billion is largely in cost to goods sold, so things like ordering our inventory more efficiently, using automation for that helps support reductions in waste, using our scale to buy more value…”
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They need to revamp their food menu… they have the worst tasting food of any comparable chain.
they should improve their coffee, but I guess that would probably make them lose all their customers. Why are people addicted to bad coffee?
Because a vast majority of their customers are buying the sweet corn syrup chemical pump drinks….they aren’t really selling coffee as much as sweet unhealthy drinks.
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Having been a daily visitor to Starbucks, they have priced themselves out of my wallet. Took grandkids there for lunch, and got a price chock. Could have gone cheaper to a restaurant.
yeah it makes so much more sense to make your own coffee
they are the centre of boycotts by both sides of israel and Palestinians. will be surprised if their earning are not hit.
Stop hanging pride flags in the stores and alienating customers.
I agree with you. I don’t want some sexual deviants rubbing their choices in my face.
This company does everything it can to screw it’s employees. They raised wages but then cut staff hours. Its a real clownshow