Starbucks CEO on Turnaround and 7% U.S. Comp Growth

Starbucks Chairman and CEO Brian Niccol discussed the company's turnaround at the Evercore Consumer & Retail Conference. Fiscal second quarter U.S. transactions grew across all income cohorts, with morning sales back to levels. Operating income and EPS inflected for the first time in two years, driven by five key initiatives including Green Apron service and menu innovation.