Starbucks Corp - SBUX STOCK NEWS

Starbucks Corporation (NASDAQ: SBUX) will host its Annual Meeting of Shareholders on March 17, 2021, at 10:00 a.m. PT. This virtual meeting can be accessed via the company's website. Shareholders eligible to vote must have held shares as of January 8, 2021, and should use their control number to participate. A replay will be available until September 17, 2021. Founded in 1971, Starbucks operates nearly 33,000 stores globally, focusing on ethically sourced high-quality arabica coffee to deliver the unique Starbucks Experience.

Starbucks Corporation (NASDAQ: SBUX) released its fiscal Q1 2021 results, reporting a GAAP EPS of $0.53, down from $0.74 year-over-year. Consolidated net revenues decreased 5% to $6.7 billion, significantly impacted by COVID-19. Global comparable store sales fell 5%, with a 19% decline in transactions, partially offset by a 17% rise in average ticket. The company opened 278 net new stores, achieving 4% growth year-over-year. Starbucks remains optimistic, projecting a GAAP EPS between $2.42 and $2.62 for fiscal 2021, with a robust outlook for comparable store sales growth.

Starbucks Corporation (NASDAQ: SBUX) has declared a dividend of $0.45 per share for its common stock. This dividend will be paid in cash on March 5, 2021, to shareholders recorded as of February 18, 2021. With nearly 33,000 stores globally, Starbucks is committed to ethically sourcing high-quality arabica coffee and providing an exceptional customer experience.

Starbucks Corporation (Nasdaq: SBUX) will announce its first quarter fiscal year 2021 financial results on January 26, 2021, after market close. A conference call will follow at 2:00 p.m. PT, which will be available via webcast with closed captioning. Interested investors can access the call through the company's investor website. A replay will be available until February 26, 2021. Starbucks continues to expand its global presence with almost 33,000 stores, maintaining its status as a leader in specialty coffee.

Starbucks Corporation (NASDAQ: SBUX) announced the retirement of CFO Patrick Grismer effective February 1, 2021, after over 35 years in finance. Senior VP Rachel Ruggeri will succeed him, having been with Starbucks for 16 years. Grismer will assist in the transition until May 2, 2021. Starbucks affirmed its fiscal 2021 guidance, citing positive business momentum. Ruggeri brings 28 years of experience and a proven track record within the company, indicating strong continuity in financial leadership as Starbucks aims for consistent growth.

Starbucks Corporation (Nasdaq: SBUX) announced that CFO Patrick Grismer will speak at the Wolfe Research Consumer Access Day on December 16, 2020, at 10:30 a.m. ET. This event will be webcast and accessible on the company’s website. A replay of the event will be available until January 13, 2021. Starbucks, founded in 1971, is known for its commitment to ethically sourcing high-quality arabica coffee and operates nearly 33,000 stores globally. For further details, visit investor.starbucks.com.

Starbucks hosted its biennial Investor Day, outlining a vision focused on sustainable growth and stakeholder value. CEO Kevin Johnson emphasized adaptations made during the pandemic, aiming for a strong long-term performance in both the U.S. and China. The company reaffirmed fiscal 2021 guidance with GAAP EPS expected between $2.34 and $2.54, and anticipates 20% non-GAAP EPS growth in FY22. Starbucks also plans to enhance its store presence globally, targeting around 55,000 locations by FY30, alongside eco-friendly initiatives to support its sustainability goals.

Starbucks Corporation (NASDAQ: SBUX) announced Mellody Hobson as its next non-executive chair of the board of directors, effective March 2021. Hobson has been a board member since 2005 and will succeed Myron Ullman, who will retire after serving as chair since 2018. Hobson's leadership is expected to further align the company with its mission of prioritizing people and customers. She brings over 15 years of board experience and co-CEO role at Ariel Investments. Hobson aims to accelerate Starbucks' strategy and value creation.

Starbucks Corporation (NASDAQ: SBUX) will host its biennial Investor Day on December 9, 2020. This virtual event, starting at Noon Pacific Time (3:00 p.m. Eastern), will feature presentations from the senior leadership team and a Q&A session. The event is expected to last approximately two hours and will include closed captioning. Attendees can access the webcast via the Starbucks Investor Relations website, where a replay and presentation slides will be available the following day.