The next big leg of the Starbucks story — and how CEO Brian Niccol plans to get there

Shares of Starbucks jumped 7% on Wednesday after the coffee giant reported a beat-and-raise quarter, which included greater visibility into CEO Brian Niccol's next phase of the turnaround: restoring profits. Investors were pleased with the results, which included several highlights, including Starbucks' first earnings beat in five quarters and only the second beat since the December 2023 result. It was the first quarter of growth on both the top and bottom line in more than two years. …