(CNN) -- Starbucks' new CEO Kevin Johnson identified these as the main problems bugging US Starbucks. He has a plan to fix them.
"Our recent performance does not reflect the potential of our exceptional brand and is not acceptable," Johnson said during the Oppenheimer Consumer Conference on Tuesday. "This next chapter starts to think about growth at scale."
Johnson thinks that in the United States, the coffee chain is being dragged down by out-of-date beverages and some underperforming stores. He expects sales to grow just 1% next quarter. The stock fell 9% between Wednesday and Thursday.
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