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The Latest Breaking News from Starbucks Corp

Starbucks Brews A Turnaround, But Investors Want A Stronger Roast: CEO Says 'The Stock Will...' (UPDATED)

Editor's Note: This article has been updated to include a statement from a Starbucks spokesperson.

Benzinga

China's Luckin Coffee Is Racing Past Starbucks As Nationalist Sentiment, Soaring Store Counts, Triple-Digit Profit Growth Leave US Giant Scrambling

Coffeehouse chain Starbucks Corp. (NASDAQ: SBUX) is facing stiff competition in China, and its stock remains under pressure, marking a sharp divergence from its China-based arch-rival, Luckin Coffee Inc. (OTC: LKNCY), which has been soaring and hitting new highs throughout this past year.

Benzinga

Starbucks CEO Brian Niccol Bets Big On Health Trends, Doubling Down On Protein, Gluten-Free Options To Match Premium Coffee Experience

Starbucks Corp. (NASDAQ:SBUX) is shifting its food strategy to appeal to health-conscious consumers, expanding protein and gluten-free options while emphasizing artisanal, premium offerings.

Benzinga

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Jim Simons' Renaissance Q2 Tech Shake-Up: Adds Netflix, Apple While Showing Chipmakers Broadcom, AMD The Door

Late investor Jim Simons‘ fund, Renaissance Technologies LLC, executed a major shake-up of its technology holdings in the second quarter, doubling down on streaming and consumer electronics while completely exiting major chipmaker stocks.

Benzinga

Stock Market Today: US Futures Rise Following S&P 500's 6-Days Of Record Close—Boeing, P&G, Starbucks Earnings In Focus

U.S. stock futures rose on Tuesday after ending on a mixed note on Monday. Futures of major benchmark indices were higher.

Benzinga

Starbucks Offers $6 Million Stock Bonus To Execs — But Should You Buy Its Shares? Here's What Technical Analysis Shows

In order to accelerate its turnaround while managing costs, Starbucks Corp. (NASDAQ:SBUX) has offered stock grants worth $6 million to its executives. Meanwhile, the stock’s technical analysis paints a mixed picture for its momentum.

Benzinga

Supreme Court sides with Starbucks in labor case that could hinder government’s ability to intervene in some unionization disputes

The Supreme Court has ruled in favor of Starbucks in a case that could make it harder for a federal agency to enforce labor laws in disputes that can arise during organizing campaigns. On June 13, 2024, the court announced that eight of the nine justices had signed onto a…

The Conversation

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Equity Isn't Venti for the Government

Tomorrow the Supreme Court will hear oral argument in Starbucks Corp. v. McKinney. Read more in this piece at ScotusBlog by Ronald Mann. The question concerns the standard for injunctions sought by the NLRB. Here is a note from the forthcoming edition of Ames, Chafee, and Re on Remedies, my…

Reason

COP28 Is Here! These Are 3 ESG Companies to Bridge Investments With Environment Goals.

Looking to invest while making a positive impact on the environment? Here's 3 ESG companies to look at.

Barchart

Is Starbucks Too Dependent On China? 5 Analyst Takeaways On Mixed Q3 Print, Outlook

Shares of Starbucks Corp rose in early trading on Wednesday, after the company reported mixed fiscal third-quarter (Q3) results

Zenger

Beth Kowitt: It’s Schultz not Starbucks that seems to be lost

Former Starbucks Corp. CEO Howard Schultz kept his cool and stayed on message on Wednesday amid pointed questioning during a Senate committee hearing about the coffee giant’s alleged labor law violations. Even as Vermont Senator Bernie Sanders, who chairs the Senate Health, Education, Labor and Pensions Committee, described Starbucks as…

Tribune News Service

Starbucks faces new front in its labor disputes: White-collar workers

Dozens of white-collar Starbucks Corp. employees and managers have signed an open letter protesting the company’s return-to-office mandate and its alleged union-busting, opening a new front in the battle over the avowedly progressive coffee chain’s treatment of its staff.

Tribune News Service

Starbucks refused union contract talks at 21 cafes, NLRB says

Starbucks Corp. has illegally refused to negotiate at 21 recently unionized cafes in Washington state and Oregon, US labor board prosecutors alleged in a complaint.

Tribune News Service

Starbucks baristas strike at 113 stores demanding talks

Starbucks Corp. baristas seeking union contracts with the coffee chain mounted daylong strikes Thursday at 113 cafes, saying management has refused to bargain in good faith.

Tribune News Service

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Tribune News Service

Starbucks staffers plan 100-store strike, citing failure to bargain

Starbucks Corp. baristas seeking union contracts with the coffee chain plan to mount daylong strikes Thursday at more than 100 cafes, saying management has refused to bargain in good faith.

Tribune News Service

Starbucks ex-manager says he was told to punish pro-union employees

A former Starbucks Corp. store manager in New York said he was instructed to single out and discipline pro-union employees for unrelated reasons, such as wearing purple pants.

Bangkok Post

Starbucks Interim CEO Maps Out Rebound for Coffee Chain

Starbucks Corp. interim chief executive Howard Schultz outlined a wide-ranging revamp of the coffee chain on Tuesday, ranging from cafe upgrades to expanded employee benefits, which he said is necessary to put the company on track for a turnaround by 2024.

Benzinga

Starbucks Stock Shows Relative Strength To S&P 500: Here's What To Watch

Starbucks Corp. (NASDAQ: SBUX) shares spiked more than 3% on Wednesday in tandem with the S&P 500, which was trading up about 0.8%.

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Tribune News Service

Workers at Ann Arbor Starbucks strike again following 'retaliation'

Workers at a Starbucks Corp. in Ann Arbor, Michigan, walked off the job again on Friday morning and plan to stay on strike through Sunday following what union organizers call retaliatory measures and a denial of union representation.

Tribune News Service

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.

Bangkok Post

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.

Tribune News Service

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.

Reuters

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.

Tribune News Service

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…

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