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Starbucks Corp - SBUX STOCK NEWS

Welcome to our dedicated page for Starbucks news (Ticker: SBUX), a resource for investors and traders seeking the latest updates and insights on Starbucks stock.

Starbucks Corporation (NASDAQ: SBUX) is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. Recognized as the world’s largest coffeehouse chain, Starbucks had 33,833 stores in 80 countries as of November 2021, with 15,444 locations in the United States alone. As of the end of fiscal 2023, the number of stores has grown to over 38,000 across more than 80 countries.

Starbucks operates through three primary segments: North America, international markets, and channel development. The company generates revenue from various streams, including company-operated stores, royalties from licensed stores, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products. This diverse operational strategy has solidified its position as a leading player in the global coffee industry.

Recent achievements and projects include expanding its digital initiatives, such as the Starbucks Rewards loyalty program, which has seen significant growth and engagement. The company continues to innovate with new store formats, including drive-thru and mobile order-and-pay options, catering to changing consumer preferences. Starbucks is also committed to sustainability and ethical sourcing, with initiatives aimed at reducing its environmental footprint and supporting coffee farmers worldwide.

Financially, Starbucks has maintained a robust performance, with consistent revenue growth and strong market presence. Strategic partnerships and collaborations, such as its alliance with Nestlé to expand its presence in the global packaged coffee market, further enhance its brand value and market reach.

Overall, Starbucks Corporation’s continuous innovation, strategic growth, and commitment to quality have reinforced its status as a global coffee leader, making it a significant entity in both the restaurant and beverage industries.

News

Strategic Organizing Center Releases Investor Presentation Highlighting Why Board Change is Needed Now in Order to Brew a Better Starbucks

Rhea-AI Summary
Starbucks faces critical human capital management issues, with the SOC highlighting the need for change in a detailed investor presentation. The SOC criticizes the Board's oversight, advocating for new nominees with essential skills to address labor problems, brand rehabilitation, and shareholder value maximization.
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Strategic Organizing Center Submits Letter to SEC Calling on Starbucks to Properly Disclose True Cost of Anti-Union Campaign

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Starbucks faces shareholder scrutiny for undisclosed costs and liabilities due to anti-union efforts, estimated at $240 million. The Strategic Organizing Center urges full disclosure and support for independent board candidates.
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Building Inclusive Spaces: Starbucks Announces New Accessibility Guidelines for its U.S. Store Portfolio

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Starbucks (SBUX) introduces Inclusive Spaces Framework to enhance accessibility in its U.S. store portfolio. The first store in Washington, D.C., showcases features like optimized acoustics and lighting for better customer and partner experience.
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Bank of America and Starbucks Launch Loyalty Partnership

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Bank of America (NYSE: BAC) and Starbucks Coffee Company (NASDAQ: SBUX) have announced a new partnership allowing Bank of America cardholders and Starbucks Rewards members in the U.S. to link accounts and earn 2% cash back on qualifying purchases, along with 1 Star per $2 spent at Starbucks. This partnership aims to provide additional benefits to clients of both companies, enhancing their everyday financial experiences.
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Starbucks Reports Q1 Fiscal 2024 Results

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Starbucks Corporation (Nasdaq: SBUX) reported strong financial results for Q1 FY24, with consolidated net revenues up 8% to a record $9.4 billion. Comparable store sales were up 5% globally, 5% in North America, and 7% in International. GAAP EPS grew 22% to $0.90, while non-GAAP EPS grew 20% to $0.90. The U.S. Starbucks Rewards Membership reached 34.3 million, up 13% over the prior year. The company opened 549 net new stores in Q1, ending the period with 38,587 stores. Consolidated net revenues were up 8%, and GAAP operating margin expanded 140 basis points year-over-year to 15.8%. The company also provided Q1 segment results and fiscal 2024 financial targets.
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The SOC Details Why Board Change is Needed to Fix Starbucks’ Broken Approach to Labor Issues, Rehabilitate its Reputation and Help Maximize Shareholder Value

Rhea-AI Summary
The Strategic Organizing Center (SOC) has sent a letter to Starbucks shareholders and mailed definitive proxy materials, nominating three director candidates to help improve oversight and safeguard the best interests of Starbucks shareholders, customers, and employees. The SOC believes that enhanced oversight and proven human capital management expertise are needed on Starbucks' Board of Directors, citing concerns about reputational risk, labor issues, resource allocation, and shareholder value. Starbucks has faced significant labor-related challenges, including NLRB complaints, stock price declines, and unionized stores. The SOC Nominees possess leadership experience and expertise in labor law, policy, and regulation, aiming to address these pressing issues and maximize shareholder value.
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Starbucks Announces Q1 Fiscal Year 2024 Results Conference Call

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Starbucks Corporation (SBUX) is set to release its first quarter fiscal year 2024 financial results on January 30, 2024, with a webcast conference call to follow. The call will be accessible on the company's website and a replay will be available until March 15, 2024.
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Strategic Organizing Center Launches www.BrewABetterStarbucks.com and Files Preliminary Proxy Statement

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Strategic Organizing Center (SOC) nominates three director candidates for election to Starbucks Corporation (SBUX) Board of Directors at 2024 Annual Meeting
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Starbucks Elects Daniel Servitje, Neal Mohan and Mike Sievert to its Board of Directors

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Starbucks Coffee Company (SBUX) announced the election of Daniel Servitje, Neal Mohan, and Mike Sievert to its Board of Directors. Servitje is the CEO of Grupo Bimbo, a global leader in the baking industry with annual sales of $22.3 billion. Mohan is the CEO of YouTube, used by over 2 billion people worldwide. Sievert is the CEO of T-Mobile US, leading a multiyear growth strategy with annual revenues exceeding $80 billion.
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Starbucks Becomes First National Coffee Retailer to Accept Reusable Cups for Drive-thru and Mobile Orders

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Starbucks Coffee Company (NASDAQ: SBUX) announced that customers at all company-operated and participating licensed Starbucks Stores across the U.S. and Canada can use their clean personal cup when ordering in café, in the drive-thru, or when ordering ahead with the Starbucks app. This initiative supports Starbucks' commitment to reduce waste by 50 percent by 2030. Starbucks is aiming to serve every beverage in a reusable cup, and this move marks tangible progress towards that goal.
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FAQ

What is the current stock price of Starbucks (SBUX)?

The current stock price of Starbucks (SBUX) is $87.97 as of December 20, 2024.

What is the market cap of Starbucks (SBUX)?

The market cap of Starbucks (SBUX) is approximately 99.2B.

What does Starbucks Corporation do?

Starbucks Corporation is a multinational chain of coffeehouses and roastery reserves, known for its specialty coffee, beverages, and related products.

How many Starbucks stores are there worldwide?

As of the end of fiscal 2023, Starbucks operates over 38,000 stores in more than 80 countries.

What are the main revenue streams for Starbucks?

Starbucks generates revenue from company-operated stores, royalties from licensed stores, equipment and product sales to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.

What segments does Starbucks operate in?

Starbucks operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverages).

Where is Starbucks headquartered?

Starbucks is headquartered in Seattle, Washington, USA.

What are some recent achievements of Starbucks?

Recent achievements include expanding its digital initiatives, growing the Starbucks Rewards loyalty program, and innovating with new store formats like drive-thru and mobile order-and-pay.

What sustainability initiatives is Starbucks involved in?

Starbucks is committed to sustainability through efforts to reduce its environmental footprint and support coffee farmers with ethical sourcing practices.

How has Starbucks adapted to changing consumer preferences?

Starbucks has adapted by expanding digital offerings, including the Starbucks Rewards program, and introducing new store formats such as drive-thru and mobile order-and-pay.

What strategic partnerships has Starbucks formed?

Starbucks has formed strategic partnerships like its alliance with Nestlé to expand in the global packaged coffee market.

How does Starbucks support coffee farmers?

Starbucks supports coffee farmers through its ethical sourcing initiatives, providing them with resources and investments aimed at promoting sustainable farming practices.

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Starbucks Corp

Nasdaq:SBUX

SBUX Rankings

#120 Ranked by Market Cap
#1158 Ranked by Dividends

SBUX Stock Data

99.23B
1.11B
2.09%
80.75%
2.72%
Restaurants
Retail-eating & Drinking Places
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United States of America
SEATTLE