This interview-style podcast discusses Starbucks' recent financial results and the impact of its new CEO, Brian Niccol, on the company's performance. The hosts analyze the flat revenue, declining comparable store sales, and reduced earnings per share, contrasting these figures with the market's positive reaction to the results. They then delve into Niccol's "Back to Starbucks" strategy, focusing on improving the in-store experience and addressing customer traffic decline. Finally, the discussion shifts to Brad Jacobs' QXO and its attempted acquisition of Beacon, highlighting Jacobs' acquisition strategy and the challenges he faces. For example, the podcast notes that Starbucks' U.S. comparable store sales declined 4% while international sales performed better than expected, indicating a need for renewed focus on the domestic market.
