All articles tagged with #turnaround
An opinion piece lauds Southwest's 18-month overhaul—rolled out with assigned seating, Extra Legroom, bag-fee changes, a new ops system, six interline partners, and broader distribution—saying the execution was flawless, boosted on-time performance and 2026 guidance (EPS at least $4; unit revenue up), and signals a successful transformation from the post-2022 meltdown to a more efficient, modern airline.
Starbucks reported a 4% rise in US same-store sales for the three months to December—the first increase in two years—as it pursues a 'Back to Starbucks' turnaround. Footfall rose 3% and average spend rose 1%, while revenue climbed 6% to $9.9bn but net profit fell 62% to $293.3m due to higher labour and input costs. The company plans to spend $500m this year to add staff, closed underperforming cafés, and opened a net 128 stores, as it refines its store experience ahead of investor day and reiterates a 3%+ comps target for the year.
Starbucks posted a quarterly sales rebound that beat expectations, with U.S. same-store sales up 4% and global revenue up 5% to $9.9 billion, signaling the turnaround is ahead of schedule despite profit dropping more than 60% to $293 million as the company invested in store staffing. The results came as traffic and average spend rose, helped by selective store closures (more than 600) and international strength, particularly China (nearly 7% growth). Starbucks also disclosed a plan to sell up to 60% of its Chinese retail operations to Boyu Capital to form a joint venture operating about 8,000 stores. Shares rose in premarket trading.
UPS says it will cut about 30,000 more operational jobs this year as it winds down its Amazon relationship, part of a broader turnaround that has already reduced 48,000 positions; the plan includes around 25 million fewer hours of work, 24 building closures in early 2026, and continued automation, with roughly $3 billion in savings expected from the Amazon unwind. The company also plans a second voluntary separation program for full-time drivers, and shares rose after the earnings release.
The Daily Hoosier notes that Google now backs Curt Cignetti’s claim about Indiana football, highlighting his 27-2 record over two seasons, IU’s first national championship, the program’s first outright Big Ten title since 1945, and the first 16-0 run in major college football since the 1890s, with the ‘Google me’ slogan spawning merchandise as part of a historic turnaround.
Indiana football has moved from one of the sport’s worst programs to the brink of a national title, a turnaround chronicled by seven charts illustrating the Hoosiers’ dramatic rise under coach Curt Cignetti.
Joe Schoen, GM of the Giants, aims for a quick team turnaround similar to the Bears and Patriots, highlighting the potential of quarterback Jaxson Dart and the importance of strategic coaching and drafting to achieve success.
Apple CEO Tim Cook has invested an additional $3 million in Nike, signaling confidence in Nike's ongoing turnaround efforts under new leadership, despite recent setbacks and declining profits, as he sees potential for a strong recovery and value in the company's brand and innovation strategies.
Louis Gerstner, credited with transforming IBM during a critical period in the 1990s, has died at age 83. As the first outsider to lead IBM, he focused on restoring profitability and integrating solutions, abandoning plans to split the company and making key decisions like dropping OS/2. His leadership helped reshape IBM into a more client-focused and innovative company, leaving a lasting legacy in the tech industry.
Louis Gerstner, credited with transforming IBM from a struggling hardware company into a leading services and software enterprise during his nine-year tenure as CEO, passed away at 83. His strategic shift towards middleware, internet, and e-business, along with cost-cutting and cultural changes, significantly increased IBM's market value and revenue, leaving a lasting legacy in corporate leadership.
Jim Cramer remains optimistic about NIKE's potential for a significant stock increase, citing its turnaround under CEO Elliott Hill despite recent challenges in China and a 20% year-to-date decline, with analysts maintaining buy ratings and price targets around $70 to $100.
Nike's stock fell over 9% after the company beat second-quarter estimates but issued disappointing guidance, expecting revenue to decline in the third quarter, indicating that its turnaround may take longer than anticipated.
Nike's shares have dropped significantly due to weak sales in China, raising concerns about the company's recovery prospects.
Nike's CEO describes the company's recovery as 'in the middle innings,' with ongoing challenges including declining sales in China and tariffs impacting margins. While North American sales are strong, overall outlook remains cautious, and shares fell after the earnings report, reflecting investor concerns about the pace of the turnaround.
Meg O’Neill, a former Exxon executive, has been appointed to lead BP's efforts to turn around its performance, bringing her extensive industry experience to the role.