The Latest Breaking News from Starbucks

Stock futures edge higher, paced by big tech gains; Google shares surge after blasting Q4 earnings, unveiling 20-for-1 spilt; AMD soars on robust 2022 chip demand outlook; PayPal disappoints with strategy shift, Ebay caution and Starbucks plans menu price increases to offset input costs and store closures.

Some Starbucks workers are staying home amid a surge in COVID-19 cases, but shoppers are still eager to pick up a coffee – and happy to pay more than usual for it.

Starbucks workers at two Philadelphia stores took a key step in forming a union last Friday, accelerating a budding labor movement at the coffee giant that has seen employees at dozens of the chain's locations nationwide try to organize.

Coffee prices recently hit the highest level in 10 years, but Bank of America analyst Sara Senatore said Monday that Starbucks Corporation (NASDAQ: SBUX) investors shouldn't sweat coffee inflation.

Foot traffic in November was up 13.2% from pre-pandemic 2019.

Starbucks Corp. employees are now petitioning to unionize at around 50 stores across the U.S., rapidly expanding the reach of a campaign that last month established the sole unionized foothold among the chain’s thousands of corporate-run U.S. sites.

Investors who have owned stocks in the last year have generally experienced some decent gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the past 12 months is 21%. But there is no question some big-name stocks performed better than others along the way.

Starbucks (NASDAQ:SBUX) is set to give its latest quarterly earnings report on Tuesday, 2022-02-01. Here's what investors need to know before the announcement. Analysts estimate that Starbucks will likely report an Earnings Per Share (EPS) of $0.80.

Employees at four Starbucks locations in Michigan are joining the movement to unionize workers at the country's biggest coffee chain.