Starbucks Under New Management: How Brian Niccol's Chipotle Playbook Is Reshaping the World's Largest Coffee Chain Eighteen months into his tenure, the former Chipotle CEO has closed 600 stores, cut 2,000 corporate jobs, and finally delivered the traffic growth Wall Street has been waiting for
Brian Niccol arrived at Starbucks in September 2024 with a mandate to reverse four straight quarters of declining same-store sales. After a painful year of store closures, layoffs, and margin compression, his "Back to Starbucks" plan is beginning to show results — with the coffee chain posting its first traffic increase in two years in Q1 fiscal 2026.
Industry Analysis Mar 18, 2026 5,387 views