However, Jefferies downgraded Starbucks to Underperform, expressing concerns about operational challenges and the potential negative impact of significant investments on earnings. Melius Research also initiated coverage with a Sell rating, highlighting concerns about Starbucks' operational consistency and competition in the Chinese market. Additionally, CEO Brian Niccol announced an increase in office work requirements to four days a week for certain employees, effective September 29, as part of efforts to strengthen company culture. These developments come as Starbucks continues its business turnaround strategy under new leadership. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.