Starbucks expects that the CEO's transformation plan will bring long-term growth.
With the effectiveness of the transformation plan, Starbucks expects sales and profits to grow in the coming years. By the 2028 fiscal year, earnings per share will range between $3.35 and $4; and same-store sales will maintain at least a 3% growth through the 2028 fiscal year. CEO Brian Niccol stated during investor day presentation, "Our plan is working." Previously, the company reported progress in areas such as reducing service times and restoring growth.
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