Starbucks posts mixed quarterly results as turnaround plan gets underway

  • Starbucks Corp (NASDAQBUX, ETRRB) reported mixed financial results for the fiscal second quarter as new CEO Brian Niccol seeks to turnaround the business amid a challenging consumer environment, sending its shares lower afterhours on Tuesday. For the three-month period ending March 30, the Seattle-based coffee chain reported earnings per share of $0.41, down 40% from the previous year.