Tag: $Starbucks

Starbucks Corp.’s India unit is adding stores and building out a menu of protein foam coffee to Mumbai’s street-style buns to boost its footprint in the world’s most-populous country undeterred by widening losses.

Starbucks reported a bigger-than-expected rise in first-quarter comparable sales on Wednesday, as demand rebounded in the U.S. after nearly two years in early signs of success of CEO Brian Niccol’s turnaround efforts.

Starbucks announced a $1 billion restructuring plan Thursday that involves closing some of its North American coffeehouses and laying off more workers as it moves ahead with its “Back to Starbucks” transformation under CEO Brian Niccol.

That cup of joe at Starbucks(SBUX) might be getting a tad bitter. Starbucks reported third-quarter results that beat Wall Street’s expectations on revenue but missed on earnings per share.

Starbucks China has attracted offers for a potential stake sale that value the unit between $5 billion and $10 billion.

Shares of Starbucks Corp . (NASDAQ:SBUX) edged up 1.4% in pre-market trading as the company initiated a process to overhaul its extensive China operations.

Starbucks Corp. on Tuesday said that getting back to coffee-shop basics would be even more important as consumers brace for the trade war’s economic fallout.

Starbucks is replacing its top finance executive, plucking Cathy Smith from the Nordstrom department-store chain, as the coffee group embarks on a turnaround.

A strike at Starbucks will expand to over 300 U.S. stores on Tuesday, with more than 5,000 workers expected to walk off the job before the five-day work stoppage ends later on Christmas Eve, the workers’ union said.

The workers’ union representing over 10,000 baristas at Starbucks said its members will strike at stores in Los Angeles, Chicago, and Seattle for five days starting Friday, citing unresolved issues over wages, staffing and schedules.

Starbucks on Tuesday posted preliminary quarterly results that showed its sales fell again as the coffee chain tries to execute a turnaround.

Starbucks has been on the decline, with shrinking sales as it moved from a traditional sit-down coffee shop into one where people place orders on their phones and grab a drink from the counter. Its new CEO has a plan to fix it all. And it starts with comfortable chairs.

Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.

Activist investor Starboard Value has a stake in Starbucks the Wall Street Journal reported on Friday, adding that it wants the coffee giant to take steps to improve its stock price.

Starbucks sales dropped 3% globally at stores open for at least a year, including a 2% drop in its home North America market. And that masked how steep the decline was for Starbucks last quarter: Total transactions at North American stores open at least a year fell 6% in the quarter. That was offset, in part, by higher prices.

Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales.

When it rains, it pours. And it rained pretty heavily on Starbucks in the last leg of the year, prompting the company to miss first-quarter earnings expectations and lower its revenue guidance for the rest of the fiscal year.

Starbucks Corp.’s stock soared 7% in premarket trade Thursday, after the coffee store chain posted better-than-expected earnings for its fiscal fourth quarter.

Starbucks raised its quarterly dividend to 57 cents from 53 cents, an increase of about 7.5%.

Howard Schultz is stepping down from Starbucks ‘ board of directors, the company said Wednesday.