Starbucks Forecasts Annual Profit Above Estimates
Starbucks said annual profit is forecast above expectations, as cost cuts and operational changes under CEO Brian Niccol's two-year turnaround efforts take root.
Starbucks NASDAQ:SBUX forecast annual profit above expectations, signaling cost cuts and operational changes under CEO Brian Niccol's two-year turnaround efforts are taking root.Niccol has spent the past two years simplifying menus, improving staffing levels and reducing wait times as part of his "…