Fourth-quarter results reflect early promise in reinvention plan.

Company also is speeding up beverage and food prep to serve more customers.

Laxman Narasimhan will take over in April 2023.

A new lime-frosted coconut bar and the grilled cheese sandwich performed well in the third quarter.

Announcement comes a week after McDonald’s decided to leave the market.

Company says it’s investing $1 billion in stores, employees.

Howard Schultz will return for a third stint at the company’s helm.

PepsiCo, Coca-Cola, McDonald’s, Starbucks and Yum! Brands react to invasion of Ukraine.

Drive-thrus and mobile ordering a chief driver of performance in the US.