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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

Starbucks Declares Quarterly Cash Dividend

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Starbucks Corporation (NASDAQ: SBUX) declares a quarterly cash dividend of $0.57 per share of outstanding Common Stock, payable on February 23, 2024, to shareholders of record on February 9, 2024.
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Starbucks Corporation Issues Statement in Response to SOC Nomination

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Starbucks Corporation (SBUX) confirms receipt of nomination by SOC Investment Group for three director candidates for election to the Starbucks Board of Directors at its 2024 Annual Meeting of Shareholders. The company emphasizes its commitment to constructive dialogue and long-term value creation for stakeholders. Starbucks has evolved to meet the needs of a new era, with a diverse, engaged, and independent Board. The company has invested nearly $9 billion to uplift the partner and store experience, reinvesting an average of nearly 20% of fiscal year profits back into the partner experience, with an expected continuation of this investment in fiscal year 2024.
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Starbucks to Participate in the Morgan Stanley Global Consumer & Retail Conference

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Starbucks Corporation (SBUX) CEO Laxman Narasimhan to host fireside chat at Morgan Stanley Global Consumer & Retail Conference
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Starbucks Announces Intention to Establish a New Environmental, Partner and Community Impact Board Committee Focused on Oversight of Stakeholder Promises

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Starbucks (SBUX) announces the establishment of a new Environmental, Partner and Community Impact (EPCI) Board Committee, reflecting a governance evolution. The committee will oversee accountability and reporting on Starbucks' promises on environment, partners, and community impact. Beth Ford, President and CEO of Land O’Lakes, will serve as the independent chair of the committee. Starbucks plans to continue leading by example, with upcoming disclosures of its Fiscal 2023 Human Rights Impact Assessment and the independent assessment of its adherence to the principles of freedom of association and the right to collective bargaining in fiscal Q1 2024, and its GESI Report in fiscal Q2 2024.
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Starbucks Raises the Bar With Industry-Leading Employee Benefits, Outperforming Competitors

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Starbucks announces new partner investments to enhance the partner experience, including paid vacation time, financial well-being benefits, and the introduction of the North America Barista Championship. Starbucks has been recognized for offering valuable benefits to retail hourly partners. The company has invested over $1 billion to improve the partner and store experience, resulting in lower turnover and increased hourly total cash compensation by nearly 50% since Fiscal Year 2020.
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Starbucks Announces Triple Shot Reinvention Strategy with Multiple Paths for Long-Term Growth

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Starbucks Coffee Company has announced its long-term growth strategy, Triple Shot Reinvention with Two Pumps. The strategy focuses on elevating the brand, strengthening and scaling digital capabilities, expanding globally, unlocking efficiency, and reinvigorating the partner culture. The company aims to double its 75 million global Starbucks Rewards Members within five years and accelerate store expansion to 55,000 globally by 2030. They also plan to generate $3 billion in savings over three years and invest in the partner value proposition. This strategy aims to deliver long-term sustainable growth and returns to partners, customers, and shareholders.
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Starbucks Reports Q4 and Full Year Fiscal 2023 Results

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Starbucks Corporation reported strong financial results for Q4, with consolidated net revenues reaching a record $9.4 billion, an 11% increase from the previous year. Global comparable store sales were up 8%, driven by a 4% increase in average ticket and a 3% increase in comparable transactions. The company opened 816 net new stores, bringing the total store count to 38,038. Starbucks Rewards membership reached 32.6 million, a 14% increase from the prior year.
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NineDot Energy Welcomes Starbucks as a Battery Energy Storage Anchor Subscriber

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Starbucks signs energy credit subscription agreement with NineDot Energy to support New York City's clean energy transition.
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Starbucks Announces Q4 and Full Fiscal Year 2023 Results Conference Call; Starbucks to Host Reinvention Update and Holiday Launch

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Starbucks Corporation plans to release its fourth quarter and full fiscal year 2023 earnings results on November 2, 2023. A conference call and webcast will follow at 7:00 a.m. Eastern time. Starbucks will also host a Reinvention update and holiday launch event on the same day at 4:00 p.m. Eastern time.
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Starbucks Announces Increase in Quarterly Cash Dividend

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Starbucks increases quarterly cash dividend by 7.5% to $0.57 per share, raising annual dividend rate to $2.28 per share
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FAQ

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

The current stock price of Starbucks (SBUX) is $98.42 as of November 15, 2024.

What is the market cap of Starbucks (SBUX)?

The market cap of Starbucks (SBUX) is approximately 112.6B.

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.

Stock SBUX logo
Starbucks Corp

Nasdaq:SBUX

SBUX Rankings

#111 Ranked by Market Cap
#1217 Ranked by Dividends

SBUX Stock Data

112.64B
1.13B
2.07%
76.8%
2.5%
Restaurants
Retail-eating & Drinking Places
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United States of America
SEATTLE