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Starbucks CFO Pat Grismer to retire, reiterates outlook

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Starbucks Executive Vice President and Chief Financial Officer Patrick “Pat” Grismer is pictured at the Annual Meeting of Shareholders in Seattle, Washington on March 20, 2019.

Jason Redmond | AFP | Getty Images

Starbucks said Thursday that Rachel Ruggeri, senior vice president of finance for the Americas division, will take Chief Financial Officer Pat Grismer’s place when he retires on Feb. 1.

The coffee chain also reiterated its outlook for the first fiscal quarter of 2021 and the full-year forecast.

For the fiscal first quarter, the company projects adjusted earnings of 50 cents to 55 cents per share. During the entire fiscal year, Starbucks expects to earn between $2.70 and $2.90 per…



Source cnbc.com

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