Turnaround Gains Traction

The most likely path is that Brian Niccol's reset begins to show measurable progress after the 250-store closure plan. Starbucks absorbs the $300 million charge, improves labor allocation and store throughput, and convinces investors the closures are a disciplined pruning rather than a sign of structural brand decline.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.