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CLAIM #53183 · Starbucks Corporation (SBUX) · 2024Q4 earnings call · Oct 30, 2024 · due Sep 30, 2025

But we expect that the traffic will return and that we'll see customers coming back into the stores and that will help to balance so that we see gradual momentum in the back half of the year.

Rachel Ruggeri · CFO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
we expect that the traffic will return and that we'll see customers coming back into the stores... gradual momentum in the back half of the year
Reported
We know we lose the benefit of ticket and the transactions are improving. Just where they will net out is unclear.

In context

rough some of that. Obviously we got a pretty good idea of what the alt milk implication is. But I'm confident it's the right investment in the business to get people to re-engage with the brand accordingly. So I don't know if you want to add anything to that, Rachel. Rachel Ruggeri: Yes, I would just say as you think about the investments we're making, which are going to be important to returning Starbucks to growth, just when you think about the shape of the year, you could expect that the first half of the year is where we'll be making the investment. So we'd expect that the back half of the year will be stronger as the investments and our strategies start to take hold. So that's the way I think about it. I think there'll be a more near term impact as we make some of these investments. But we expect that the traffic will return and that we'll see customers coming back into the stores and that will help to balance so that we see gradual momentum in the back half of the year. Operator: Thank you. And your next question comes from Peter Saleh with BTIG. Please state your question. Peter Saleh: Great. Thanks for taking the question, Brian. I did want to ask again about the Siren system. This has been around for about two years now and I think the pushback in terms of broader development or expansion of the Siren system has been the too disruptive to the stores unless it's a remodel store or a new store. So I guess as you see it with fresh eyes, what do you see as the hurdle to a broader implementation of the Siren system? Is it that disruptive or is it just something that you're going to have to work through given the ultimate benefit of the system itself? Thank you. Brian Niccol: Yes, thanks. Well, look, one of the things that we definitely have to fix is when

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SEC filings for SBUX · Claim quote is verbatim from the 2024Q4 earnings call.