Starbucks is the largest coffee chain in the world, but the company is in the middle of a sharp decline in business. New earnings metrics revealed that same-store sales were down for the sixth consecutive quarter,

In the midst of a headline-grabbing turnaround effort, the coffee boss insisted that things are moving faster than expected. Investors appear to agree. Starbucks announced its third-quarter financial results on Tuesday,

As part of the "Back to Starbucks" campaign, CEO Brian Niccol revealed the company will be closing up to 90 locations that serve as pick-up only options - which Starbucks initially launched back in 2019.