Starbucks Is Closing Stores and Cutting Jobs. Will It Save the Stock?

It's been one year since Brian Niccol took the top job at Starbucks (NASDAQ: SBUX). The move surprised industry observers. Niccol had earned a reputation as a turnaround specialist after getting Chipotle rolling again when the burrito chain was still reeling from the fallout of an E. coli-related crisis that started back in late 2015.Starbucks stock jumped roughly 25% in a single session on news of the burrito whisperer's arrival, but since then, the java giant has disappointed investors as Starbucks and Niccol struggle to return the business to steady growth. As you can see from the chart below, Starbucks has served investors a half-empty cup over the last year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool