Seattle / WA. (sc) Starbucks Corporation reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results.
Rachel Ruggeri, chief financial officer: «As shared in our Press Release last week, our results do not reflect the strength of our brand. I have seen what Starbucks is capable of when we focus on what we do best. I have confidence in our ability to turn around our business and expect we will return to long-term growth.»
«It is clear we need to fundamentally change our strategy to win back customers. «Back to Starbucks» is that fundamental change,» added Brian Niccol, chairman and chief executive officer. «My experience tells me that when we get back to our core identity and consistently deliver a great experience, our customers will come back. We have a clear plan and are moving quickly to return Starbucks to growth.»
For additional information please refer to the company’s news release (PDF | 165 KB):
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