Comment on Starbucks' sliding sales show its new CEO has his work cut out for him

Starbucks' sliding sales show its new CEO has his work cut out for him

Starbucks released its fourth-quarter earnings early on Tuesday.Spencer Platt/GettyStarbucks pre-released its earnings on Tuesday.The surprise release showed sales dropped in its key markets of the US and China.CEO Brian Niccol said he's planning a broader turnaround of the coffee chain.Starbucks sprung a surprise on investors on Tuesday and posted its earnings early — and the figures show that new CEO Brian Niccol has an uphill battle ahead.The company said comparable sales fell 7% for the fourth quarter, including a 6% slump at its US stores.

 

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