NASDAQ:SBUX - Nasdaq - US8552441094 - Common Stock
Starbucks (SBUX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sentiment on Stocktwits turned ‘bearish’ compared to ’neutral’ last week
You can build incredible wealth in the stock market, and it's not as difficult as you might think. The key is to patiently hold shares of a growing company that still has a large market to expand into. Dutch Bros (NYSE: BROS) is a fast-growing beverage chain that is building a unique brand.
Three key announcements came from Starbucks this week as a major transformation is underway.
Three key announcements came from Starbucks this week as a major transformation is underway.
Niccol, the former Chipotle Mexican Grill head, who is four months into his new role at Starbucks has set forth a raft of measures to improve the coffee chain's business, which took a hit from increased competition and weakening demand in the U.S. and China. "Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work," Niccol said in a statement, adding that he will examine the role, structure and size of support teams globally.
Starbucks said Friday it plans an unspecified number of layoffs as it restructures its corporate staff. In a letter to employees, Starbucks Chairman and CEO Brian Niccol said the Seattle coffee giant needs to ensure all work has a clear and accountable owner who can make decisions. “Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work,” Niccol wrote.
Starbucks Corp. says it will eliminate some support positions at the company, though baristas and other store workers will be spared.
Coffee giant Starbucks said on Thursday that Mellody Hobson, the lead independent director of its board, will depart after a tenure of nearly two decades.
Starbucks Corp. director Mellody Hobson said she won’t seek reelection to the board, capping a two-decade tenure that included recruiting a new chief executive officer last year to turn the company around.
Hobson previously served as chair of the board from March 2021 to September 2024 and has been with the company for almost two decades. "In two decades, I have never sold a single Starbucks share and plan to remain a steadfast investor," Hobson said in a letter to shareholders. She assumed the role of lead independent director along with CEO Brian Niccol in September last year.
Complexity and tax hurdles make Bitcoin adoption difficult, limiting its use in everyday transactions.
New CEO Brian Niccol has said since joining the coffee chain in September that he wants Starbucks to refocus on its in-store experiences.
Companies including Amazon, Starbucks, McDonald's, and Google are participating in relief efforts for the Los Angeles fires.
The open-door policy had been put in place nearly seven years ago.
Some Starbucks customers are trying to get orders faster by placing them through the app when they're already in the drive-thru.
Starbucks announced the policy reversal as the company’s new chief executive responded to a decline in sales.
From the end of January, customers at participating stores will be able to get a top-up of many hot and iced brewed coffee and tea drinks.
The world's largest coffee café chain announced on Monday a reversal on a policy where visitors will not now be required to purchase something, anything if they want to hang out at their facility and use the restroom.
In a new code of conduct, the coffee giant said restrooms are only for paying customers
Starbucks Corp. said it will give catastrophe pay to workers affected by the fires raging in Los Angeles.
Workers call proposals ‘almost laughable’ with new CEO’s pay package 10,000 times the median salary of barista