{
  "id": 8786628,
  "title": "Two Years In, Starbucks (SBUX)’s CEO Niccol has Won Back Customers. Now Wall Street Wants Margins",
  "url": "https://urgent.news/2026/09/20/two-years-in-starbucks-sbux-s-ceo-niccol-has-won-back-customers-now",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-20T21:55:02.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/two-years-starbucks-sbux-ceo-215502629.html"
  },
  "original_language": "en",
  "account": "Two years after assuming the role of Starbucks CEO, Brian Niccol has managed to bring back customers to the coffee chain. Despite this success, investors are now focusing on the company's profitability. Comparable sales have risen 7.9% in the fiscal third quarter, marking the fourth consecutive quarter of improvement. However, Niccol's restructuring efforts have increased costs and squeezed margins, causing global operating margin to fall to 12.9% from 15.8% two years prior. The CEO's turnaround strategy has focused on reducing wait times, simplifying menus, improving store ambiance, and increasing staffing, which have helped restore customer momentum. The company's China joint venture with Boyu Capital allows Starbucks to participate in China's growth with reduced direct capital requirements. While labor tensions and execution challenges pose risks, Starbucks has an opportunity to turn its customer investments into margin expansion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}