Starbucks Goes Back to Basics
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 23 October 2024
⏱️ 29 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | You get a surprise and you get a surprise. |
| 0:05.0 | You get a surprise. Everybody gets a surprise. |
| 0:08.0 | You're listening to Motley Full Money. |
| 0:10.0 | I'm Mary Long joined today by Kirsten Guerra. |
| 0:15.8 | Kirsten, thanks for joining us on the show this morning. |
| 0:19.1 | Thanks for having me here on this surprising day. |
| 0:21.2 | Surprising day, having you was not a surprise, but perhaps some of the topics that were. a surprising day. day. |
| 0:22.6 | Having you was not a surprise, but perhaps some of the topics that we're covering today do come |
| 0:26.2 | as a bit of a surprise. |
| 0:28.0 | One of those surprises is that Starbucks decided to gift us with their results a little more than a week early. They dropped |
| 0:36.0 | preliminary results yesterday. The full results are due October 30th. That will be |
| 0:41.5 | freshly minted CEO Brian Nichols first call with analysts in this new role. |
| 0:47.0 | Before we kind of dive into what we're seeing here, maybe give us a primer on why companies |
| 0:51.8 | choose to beat themselves to the punch when delivering bad news in the first place? |
| 0:57.8 | I think it can be a signal of goodwill toward investors generally, especially if the results are going to be |
| 1:03.8 | considerably off of expectations it's the company kind of saying like hey we don't |
| 1:08.0 | want you to be shocked on earnings day so we'll shock you today instead or just a |
| 1:12.2 | little bit of the shock I guess really in this case I think it's just new CEO Brian Nicole kind of distancing himself from the upcoming results sort of acknowledging the results right now is like saying, hey, the momentum for these |
| 1:26.2 | less than stellar results is already in the works. |
| 1:29.7 | Okay, it's not because I made my first few changes as CEO and made everything a little worse. |
| 1:35.0 | It was already coming to fruition. |
| 1:36.9 | That would be my best guess in this case. |
... |
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