Starbucks' Turnaround Efforts: A Cautionary Tale of Market Optimism Starbucks' recent quarterly earnings have sparked debate about its turnaround efforts.
CEO Brian Niccol's strategy is being praised by Jim Cramer and others, but a closer look at key metrics reveals warning signs that investors should heed. The numbers are impressive: revenue of $9.
32 billion, a 16% increase over the past year, and adjusted earnings per share of $0. 85, beating analyst estimates. However, valuation is a concern. With a forward P/E ratio of 35.