Starbucks said business continued to slide at cafes and its profit fell in the most recent quarter, though executives said they saw progress in their efforts to make cafes more welcoming and less hectic.

Starbucks reported fiscal first-quarter results that topped analysts’ expectations, sending shares higher in extended trading Tuesday.

Brian Niccol stands to earn $10 million in signing bonuses after a "dogged pursuit" to convince him to lead the company.

Starbucks CEO Brian Niccol was recently awarded a $96 million compensation package after four months of leading the company – becoming one of the highest-paid executives in corporate America.

Despite officially starting his tenure at Starbucks in September, the company's new CEO earned nearly $100 million in total compensation in his first four months. Per Starbucks' 2024 annual investor report,