Starbucks CFO Rachel Ruggeri leaves as the chain continues to attempt a turnaround

Starbucks CFO Rachel Ruggeri is exiting signifier near arsenic CEO Brian Niccol continues to shingle up the company.

On Tuesday, Niccol shared that 20-year seasoned Ruggeri plans to permission the company successful a missive to employees. While nary extremity day was specified, Ruggeri volition enactment connected successful the adjacent word to assistance with the transition.

Taking her spot is retail seasoned Cathy Smith, who has been Nordstrom's CFO since 2023 and antecedently served arsenic CFO for Target and Walmart International.

This is the latest C-Suite change pursuing Niccol taking the helm connected Sept.9.

Ruggeri served arsenic interim CEO pursuing the departure of erstwhile CEO Laxman Narasimhan.

Earlier successful 2025, Starbucks named longtime Taco Bell enforcement Mike Grams as main stores serviceman and erstwhile Taco Bell enforcement Meredith Sandland as main store improvement officer. Most recently, Sandland served arsenic CEO of transportation repast institution Empower Delivery.

With that announcement, Sara Trilling, who served arsenic president of Starbucks North America, near the company. Arthur Valdez, who served arsenic main proviso and lawsuit solutions officer, besides stepped down.

Last fall, helium tapped Tressie Lieberman arsenic Global Chief Brand Officer portion Starbucks North America CEO Michael Conway, 58, announced plans to retire.

The caller executives volition beryllium playing a relation successful Niccol's "Back to Starbucks" plan.

In the latest 4th results, Niccol told investors connected an net telephone that "the archetypal 4th successful 2025 results met our expectations, intelligibly show[ed] immoderate signs of advancement ... we inactive person overmuch enactment to do."

He added the institution saw a affirmative effect crossed each ages successful its "Back to Starbucks" plan, which calls for a absorption connected halfway java products, amended pricing, and faster service.

Revenue was level twelvemonth implicit twelvemonth astatine $9.4 billion, versus estimates of $9.32 billion. Earnings per stock of $0.69 were a 23% driblet compared to the aforesaid 4th a twelvemonth ago, but higher than the $0.66 expected. The institution alluded to "heightened investments" for Niccol's turnaround program arsenic portion of the crushed for the net decline.

Global same-store income and ft postulation declined 4% and 6%, respectively, the 4th consecutive 4th of specified decline. The mean summons size grew 3%.

North America and US same-store income fell 4% twelvemonth implicit year, portion ft postulation dropped 8%, partially offset by a 4% leap successful mean ticket.

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Brooke DiPalma is simply a elder newsman for Yahoo Finance. Follow her connected Twitter astatine @BrookeDiPalma oregon email her astatine [email protected].

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