Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: 'Zeroing In' On Right Issues

Analysts are weighing in after Starbucks Corp. (NASDAQ:SBUX) on Tuesday reported worse-than-expected preliminary fourth-quarter results and suspended its guidance for 2025. 

The Details: In a surprise move, Starbucks reported preliminary results for the fourth quarter showing that it expects consolidated net revenues to decline 3% and global comparable sales to fall 7%. Starbucks also said it anticipates earnings of 80 cents per share, down 25% year-over-year. 

KeyBanc Captial Markets analyst Eric Gonzalez said that though investors had braced for disappointing fourth-quarter results from Starbucks, they may not have been prepared for the "magnitude of the top- and bottom-line miss."

Gonzalez did express confidence in the leadership of new CEO Brian Niccol and pointed to his successful tenure as CEO at Chipotle Mexican Grill. 

BofA Securities analyst Sara Senatore also highlighted Niccol's successful turnaround of Chipotle and see him ...