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The Latest Breaking News from Starbucks Corp

Starbucks names Reckitt chief Laxman Narasimhan as next CEO

Starbucks Corp. tapped Laxman Narasimhan, chief executive officer of Reckitt Benckiser Group Plc, as its next CEO, choosing a consumer-industry veteran to chart a new path after the interim tenure of Howard Schultz.

Tribune News Service

Starbucks Rethinks Almost Everything, Including How to Make Frappuccinos

Behind a secure door at Starbucks Corp. headquarters lies a technology lab where the chain is plotting its renewal. That includes rethinking the onerous path its baristas must take to make a Frappuccino.

Bangkok Post

Starbucks must offer to rehire fired activists, judge rules

Starbucks Corp. has to offer reinstatement to seven fired pro-union employees in Memphis, Tennessee, and must not retaliate against employees who support union organizing, a federal judge ruled.

Tribune News Service

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Pro-Putin duo opens Stars Coffee as Russian successor to Starbucks

A restaurateur and rapper duo unveiled Stars Coffee on Thursday, reopening the chain of coffee shops in Russia formerly owned by Starbucks Corp, the latest major company rebranding after a months-long Western corporate exodus from the country.

Reuters

Starbucks says US labor officials aided union effort in elections

Starbucks Corp., facing a growing union push across its cafes, is appealing to the National Labor Relations Board, claiming that government employees interfered with and influenced election results in certain stores.

Tribune News Service

Starbucks likely to tap board director to fill top job as Schultz exit looms

Starbucks Corp.’s hunt for a new chief executive officer has no shortage of complications: The coffee giant’s crucial China business is sputtering and its US stores are grappling with unionization efforts, potential turnoffs for plum candidates. The company lacks natural internal successors after the departure last year of two C-suite…

Tribune News Service

Why This Starbucks Investor Continues To Buy Stock

Hightower Advisors' Stephanie Link said she would continue to add to her Starbucks Corp (NASDAQ: SBUX) position

Benzinga

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Why Starbucks Shares Are Sliding

Starbucks Corp (NASDAQ: SBUX) shares are trading lower Thursday amid overall market weakness as stocks move lower following Wednesday's Fed rate hike announcement.

Benzinga

Starbucks Reopens China Stores: Bloomberg

Starbucks Corp (NASDAQ:SBUX) is reopening its stores in China after a resurgence in the COVID-19 cases prompted the closure of business activities in the country, Bloomberg reported. The coffeehouse chain has reopened 600 out of its 940 stores. The report added that the company plans to offer only online orders but will…

Benzinga

Starbucks Divests This Cold-Pressed Juice Brand - What's The Focus Now

Bolthouse Farms has signed a definitive agreement to acquire the Evolution Fresh brand and business from Starbucks Corp (NASDAQ:SBUX) for an undisclosed amount. Evolution Fresh is a producer of primarily organic, cold-pressed, premium juice products. Bolthouse Farms, a portfolio company of private equity firm Butterfly, aligns powerhouse juice brands to propel Evolution Fresh forward.…

Benzinga

Starbucks Closes Russia Business Permanently: WSJ

Starbucks Corp (NASDAQ:SBUX) is shutting down its business in Russia, the Wall Street Journal reported. The coffee giant has decided to permanently close operations in its 130 stores and would no longer have an operation in Russia. The company had suspended its licensee's Russian business on March 8. The report noted the company…

Benzinga

Starbucks Includes Abortion Travel Coverage To US Health Benefits: Reuters

Starbucks Corp (NASDAQ:SBUX) will reimburse U.S. employees if they must travel more than 100 miles from their homes to obtain an abortion, Reuters reported. The decision was communicated by the company through a memo to its employees. The coffee chain joins the likes of Amazon.Com, Inc. (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) to offer the benefit. The…

Benzinga

Starbucks offers to reimburse employees for abortion travel

Starbucks Corp. is expanding its U.S. health care benefits to cover travel for abortion and gender-affirming procedures.

Tribune News Service

Why This Investor Just Doubled Down On Starbucks Stock

Starbucks Corp (NASDAQ: SBUX) shares are making new 52-week lows on Tuesday, and one investor with high conviction in the name just keeps on buying.

Benzinga

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Tribune News Service

US labor board accuses Starbucks of retaliatory firings

Starbucks Corp. violated federal law by firing, threatening, and carrying out surveillance on union activists in New York, U.S. labor board prosecutors alleged in a complaint.

Benzinga

'I'm Just Going To Continue To Add': Why This Investor Is So Bullish On Starbucks Following Earnings

Starbucks Corp (NASDAQ: SBUX) shares have been trending lower since the start of the year, but the stock is catching some bids Wednesday after the company reported strong earnings results.

Tribune News Service

Starbucks results trail estimates on higher costs, China woes

Starbucks Corp.’s U.S. operations beat expectations in the coffee chain’s latest quarter, giving interim Chief Executive Officer Howard Schultz a welcome development even as he contends with high inflation and Chinese Covid measures that hurt performance there.

Benzinga

Starbucks Q2 Earnings Highlights: Hits Record Q2 Revenue Despite China COVID-19 Setback, More Stores Openings Planned

Restaurant and coffee powerhouse Starbucks Corp (NASDAQ: SBUX) reported second-quarter financial results after market close Tuesday. Here are the key highlights for investors.

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Tribune News Service

Starbucks sued by US labor board over retaliation claims

U.S. labor officials are asking a federal court to force Starbucks Corp. to reinstate a group of activists, escalating the legal battle over the company’s response to the union campaign sweeping through its stores.

Benzinga

Starbucks Appoints Former McDonalds Executive To Drive Technology Changes: Reuters

Starbucks Corp (NASDAQ:SBUX) has appointed Deb Hall Lefevre as Chief Technology Officer, effective May 2, Reuters reported. Lefevre was previously with McDonald's Corp (NYSE:MCD), where he oversaw all aspects of technology for its roughly 14,000 U.S. restaurants. The report noted the move comes as the returning CEO Howard Schultz is mulling changes to the company's…

Benzinga

Read Why BTIG Slashed Starbucks Price Target By 15%

BTIG analyst Peter Saleh reduced the price target on Starbucks Corp (NASDAQ:SBUX) to $110 from $130 and kept a buy rating on the shares. The revised price target implies a 37% upside. The analyst also cut his FY22 and FY23 earnings estimates after factoring in the uncertainty of unionization, the high probability of wage and…

Benzinga

Starbucks To Enter NFT Business This Year, CEO Touts 'Heritage' Advantage

Starbucks Corp (NASDAQ: SBUX) plans to get into the non-fungible token (NFT) business before the end of the year.

Benzinga

Why Starbucks Shares Are Sliding

Starbucks Corp (NASDAQ: SBUX) shares are trading lower Tuesday following bearish analyst coverage from Wedbush.

Benzinga

Why Starbucks Shares Are Sliding Today

Starbucks Corp (NASDAQ: SBUX) shares are trading lower Monday morning after the company announced it would suspend its stock buyback program.

Tribune News Service

Sanders, investors warn Starbucks on response to unionization

Coffee chain Starbucks Corp. is facing calls from Sen. Bernie Sanders and investors to refrain from infringing on employees’ efforts to unionize, as it and other companies are under increasing pressure to improve human capital management.

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