Starbucks Corp Stock Price, News & Analysis

Starbucks Coffee Company (NASDAQ: SBUX) and DoorDash, Inc. (NYSE: DASH) have expanded their partnership to launch a new delivery service in Northern California, Texas, Georgia, Florida, and other select markets. Full nationwide availability is expected by March 2023. The decision follows positive feedback from a pilot program in various cities, including Atlanta and Houston. The collaboration aims to enhance customer access to Starbucks products, with approximately 95% of the core menu available for delivery. Customers can enjoy features like prompt delivery, fresh packaging, and customization options.

SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ: SBUX) has announced a quarterly cash dividend of $0.53 per share, which will be payable on February 24, 2023, to shareholders of record on February 10, 2023. This reflects the company’s commitment to returning value to its shareholders. With over 35,000 stores globally, Starbucks continues to prioritize ethically sourced high-quality coffee, reinforcing its market leadership.

Starbucks Corporation (SBUX) reported Q4 2022 net revenues of $8.4 billion, up 3% year-over-year, with a 7% increase in global comparable store sales. U.S. sales rose 11%, but international sales fell 5%, largely due to a 16% drop in China. GAAP EPS was $0.76, down from $1.49 the previous year. The company opened 763 new stores, bringing the total to 35,711. Despite these achievements, GAAP operating margins decreased to 14.2%, affected by increased labor costs and inflation. Starbucks expects continued growth in 2023 driven by its reinvention strategy.

Starbucks Corporation (SBUX) will report its fourth quarter and fiscal year 2022 financial results after market close on November 3, 2022. Following the results, a conference call is scheduled for 2:00 p.m. Pacific Time, which will be accessible through the company's website. A replay will be available until December 2, 2022. Starbucks, a leader in specialty coffee with nearly 35,000 stores globally, emphasizes its commitment to high-quality arabica coffee and the exceptional experience it offers its customers.

Starbucks has announced its plan to sell the Seattle’s Best Coffee brand to Nestlé, strengthening their existing Global Coffee Alliance. This strategic move allows both companies to concentrate on their core businesses. The partnership aims to enhance the premium coffee experience through innovative products and marketing strategies. Starbucks expects the transaction to close by the end of 2022, pending Board and regulatory approvals.

Delta Air Lines (NYSE: DAL) and Starbucks (NASDAQ: SBUX) announced a strategic partnership allowing Delta SkyMiles and Starbucks Rewards members to link their accounts. Starting Oct. 12, 2022, members can earn one mile per $1 spent at Starbucks and double Stars on flight days. Additionally, those who link accounts by Dec. 31, 2022, will earn bonuses of 500 miles and 150 Stars. This collaboration aims to enhance loyalty program benefits, attracting new members and increasing customer engagement for both companies.

Starbucks Corporation (NASDAQ: SBUX) has announced a quarterly cash dividend increase from $0.49 to $0.53 per share, effective for payment on November 25, 2022. This update marks the twelfth consecutive annual increase in dividends since the company initiated its dividend in 2010, raising the annual rate to $2.12 per share. Shareholders of record by November 11, 2022 will benefit from this increment.

Starbucks celebrated its 6,000th store in the Chinese mainland and 1,000th in Shanghai, making it the first city globally to achieve this milestone. The Shanghai Lippo Plaza Store, opening on September 30, features cutting-edge sustainability solutions and digital operations. To commemorate the occasion, Starbucks is launching the Shanghai Coffee in Crema Ristretto style on September 28, reflecting local flavors.

The company aims to operate 9,000 stores in China by 2025, emphasizing its commitment to innovation and growth.

Starbucks (SBUX) held its Investor Day in Seattle, unveiling a three-year financial roadmap targeting 7-9% annual store sales growth, 10-12% revenue growth, and 15-20% non-GAAP EPS growth through fiscal 2025. The company aims to enhance its operational margins and expand its store count by approximately 7% annually. The introduction of new store formats and significant investments in partner engagement and digital capabilities are expected to drive growth, particularly in China. Starbucks plans to return around $20 billion to shareholders through dividends and share buybacks in the coming three years.