Starbucks (SBUX) shares have had a rocky time in recent years, most notably under Chief Executive Officer (CEO) Laxman Narasimhan, who was ousted Tuesday and will be replaced by Chipotle Mexican Grill (CMG) 澳洲幸运5官方开奖结果体彩网:CEO Brian Niccol.

Since going public in 1992, Starbucks has had five CEOs, with founder Howard Schultz taking the reins three times. As the coffee chain grapples with 澳洲幸运5官方开奖结果体彩网:lower revenue from declining U.S. same-store sales and intense competition from home-grown brands in China, Niccol — like Narasimhan a Starbucks outsider — will have to address an increasingly 澳洲幸运5官方开奖结果体彩网:value-seeking consumer but also shares that fell about 22% during his predecessor's tenure.

Still, an 澳洲幸运5官方开奖结果体彩网:investor in Starbucks at its 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) would have done very well, substantially outperforming the S&P 500: The stock has risen to almost $96 a share Tuesday from the closing price when Starbucks went public on June 26, 1992, of $21.50 (now valued at 34 cents per share, adjusted for subsequent 澳洲幸运5官方开奖结果体彩网:stock splits).

Here's how Starbucks shares did under each of its CEOs over the years:

March 20, 2023–Aug. 13, 2024: Laxman Narasimhan

Narasimhan’s stint at the company came as it battled headwinds including sliding sales, a frugal consumer, and a weak Chinese market, but also 澳洲幸运5官方开奖结果体彩网:Middle East boycotts and the emergence of a new activist investor in the shape of 澳洲幸运5官方开奖结果体彩网:Starboard shortly after a stake purchase by activist hedge fund 澳洲幸运5官方开奖结果体彩网:Elliott Investment Management. Starbucks sha𒀰res fell about 22% during his tenure, compared with the benchmark S&P 500, which rose about 37%. 

April 4, 2022-March 19, 2023: Howard Schultz

The man credited with building out 澳洲幸运5官方开奖结果体彩网:Starbucks as a global multinational took over again after previous CEO Kevin Johnson retired. Under his latest round of leadersh♓ip, Starbucks shares rose about 12%.

April 3, 2017-April 3 ,2022: Kevin Johnson

Kevin Johnson kept the comꦜpany going through pandemic lockdowns and supply shortages. Shares under Johnson surged more than 55%.

Jan. 6, 2008-April 2, 2017: Schultz

Schultz came back to run the coffee chain after Jim Donald's departure. In this stretch, Starbucks🌟 shares rose almost fivefold.

April 1, 2005-Jan. 5, 2008: Jim Donald

Donald was ousted in 2008 as the chain struggled with overexpansion, slowing U.S. growth, and competition from the likes of McDonald's (MCD). Shares under Donald fell more than 25%.

June 1, 2000-March 31, 2005: Orin C. Smith

The late Smith helped Starbucks to grow from 45 stores when he arrived as chief financial officer in 1990 to 9,200 stores globally by the time he retired. Under his tenure, th�🌸�e share price almost tripled.

1987-May 30, 2000: Schultz

Schultz bought out the company and expanded it. Between the company's June 26, 1992, listing until the end of his first stint, shares of Starbucks rose more than 10 times in value.

CORRECTION: This article has been updated to reflect the correct percentage change in Starbucks' share price during the tenure of Narasimhan.