Company
Starbucks Corp
NASDAQ:SBUX
Starbucks Corp is a coffee company engaged in sourcing and roasting arabica coffee. The company has more than 38,000 stores worldwide and is the roaster and retailer of specialty coffee in the world. It operates through three segments: North America, which is inclusive of the United States and Canada; International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East and Africa, Latin America, and Caribbean; and Channel Development.
132 stories · page 1 of 2
Starbucks stock gets a jolt as coffee giant serves up fiscal 4Q earnings and revenue beat
For fiscal 4Q, the coffee giant reported record revenue of $8.4 billion, up from $8.1 billion in 4Q 2021 and exceeding the consensus analyst expectation of $8.3 billion
Starbucks increases dividend again
Starbuck said the increase will be effective and distributed on 25 November
Starbucks to start NFT-based loyalty programme using Polygon's blockchain technology
Starbucks Odyssey will let customers buy and earn digital collectable stamps in that offer other various benefits and immersive experiences
Starbucks poaches former Reckitt Benckiser chief executive
Narasimhan has nearly 30 years of experience in leading consumer-facing brands
Starbucks bids to overturn unionisation votes in US
Starbucks accused the federal labour board overseeing the union elections of misconduct
Starbucks serves up record revenues fuelled by US demand
Despite continuing store closures and reduced hours in China as a result of Coronavirus measures, the coffee giant's sales exceeded expectations
Investments and investor services
Starbucks considering sale of its UK operations - reports
The pandemic and increased competition is forcing the world's largest coffee chain to explore options
Starbucks reports record 2Q revenue despite decrease in sales in China due to pandemic lockdowns
The Seattle-based coffee giant reported revenue in line with analyst expectations of $7.6 billion, compared to $6.7 billion for the same quarter in 2021
Starbucks to raise prices again and cut marketing as it battles cost inflation
This would follow rises for menu prices in October and January last year
Archive
US stocks close down as investors brace for Big Tech earnings
The tech-heavy Nasdaq suffered its worst-selling in more than two months, falling 1.21%
Archive
How COVID-19 is changing the world of beauty
Digital continues to rise. Pre-COVID-19 trends will likely accelerate, with direct-to-consumer e-commerce, such as brands’ websites, shoppable social-media platforms, and marketplaces becoming more important. Across the globe, consumers ind
Archive
NA Proactive news snapshot: Ipsidy, Blockchain Holdings, Blackrock Gold, VR Resources, Trillion Energy International, WeedMD, Arcadia Biosciences UPDATE …
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Starbucks notes impact of coronavirus on China profits as it beats Wall Street fiscal 1Q estimates
It has been forced to shut more than half of its over 4,000 stores in China following the outbreak of the deadly virus
Archive
Sputtering China Growth Underscores Need for Trade Reprieve
The investment data shows how cautious private companies have become, with their spending in the first 10 months of the year at the lowest level since 2016. The continued stability in spending by state-owned firms’ is preventing an even str
Investments and investor services
IPO Roundup: Investors eyeing IPOs from cloud company Fastly, 'Starbucks of China' Luckin
Meanwhile, brewpub chain Bricktown Brewery opted to postpone its public offering
Investments and investor services
Late Movers: Activision Blizzard tumbles 10% after saying Destiny rights going to Bungie
GM led gains on the S&P 500 after CEO Marry Barra's comments
Starbucks shares abuzz after better-than-expected 4Q results
The coffee giant reported a total of 15.3 million active Starbucks Rewards members in the US
Ackman’s Pershing Square reveals position in Starbucks, says shares could double
The activist hedge fund disclosed it has about a $900 million stake in the coffee giant
EARLY MOVERS: Starbucks shares froth up as it reveals possible lay-offs, while Michael Kors investors turn off after Versace deal
Also in the frame before the bell was Faceboom and the Instagram founders as well as Jimmy Choo Plc..
Coca Cola's acquisition of Costa Coffee provides route into lucrative China market, analyst says
Deal will allow US beverage giant to expand its presence in China and opens a new front in beverage wars with rival Pepsi
Whitbread faces pressure to prove merits of Premier Inn as standalone business
“Whitbread investors may miss the caffeine highs Costa serves up," Hargreaves Lansdown said of the group's decision to sell the coffee chain to Coca-Cola
Hardware & electrical equipment
Fintech HighRadius is partnering with high-profile companies on its path to a possible IPO
The company has developed a credit-to-cash platform to simplify the accounts receivable process
Daily CryptoCann™ Report: Starbucks and Microsoft team up to develop a crypto platform; High Hampton acquires edibles company Caligold
The companies are working together on Bakkt, a platform designed to make cryptocurrency easier to use
Starbucks earnings perk up, sales top expectations
The company said revenue for the quarter came in at US$6.31 billion versus estimates for US$6.26 billion.
Starbucks to triple its annual store closures and scale back growth
The coffee giant plans to close 150 stores compared to its usual 50 stores per year
Archive
PRE-MARKET MOVERS: Starbucks Corp shares lose their froth, but Co-Diagnostics skyrockets
A look at the mover and shaker stocks before the New York bell
Echelon analyst Ralph Garcea bets on Universal mCloud’s “unfair advantage”
Some of the world's top companies rely on mCloud's unique mix of AI, AR and 3D
Smartsheet Inc. files for US$100mln IPO
Its cloud-based spreadsheets for managing teams and projects are used by many Fortune 500 companies
Starbucks, Wal-Mart, American Airlines and Intel - AFTER HOURS
Strong results from "Chipzilla" - Intel, if you prefer - but an insipid serving from Starbucks.
Starbucks sees 2018 sales growth at low end of forecasts after first quarter disappoints
Starbucks said its festive-themed drinks and merchandise over Christmas failed to resonate with its customers
Sherwin Williams Co, Starbucks Corporation and Caterpillar Inc - AFTER HOURS
Proactive takes a look at some highlights of pre-market trade before the bell in New York
Investments and investor services
Apple rises after earnings beat expectations - AFTER HOURS
Plenty of juice left in Apple, although iPhone 8 sales were slightly disappointing
DowDuPont merger, Tenet Healthcare Corp, Starbucks, Amazon and more - PRE-MARKET
A look at what's moving the needle on Friday in pre-market ahead of the job creation number
Starbucks is competing against itself in US with saturation of cafes, analyst warns
BMO Capital Markets has downgraded Starbucks to a ‘market perform’ rating from 'outperform', citing saturation concerns
Traders thirsty for Starbucks shares ahead of results
Broker Wedbush downgraded the stock for the first time last month.
Frontier IP takes 20% stake in Plymouth University spin-out
MolEndoTech has developed a rapid assay that screens water for faecal contamination
Costa Coffee, Starbucks and Caffe Nero play down s-storm after faeces found in iced drinks
Lab tests of iced drinks from three UK coffee chains discovered bacteria from faeces
Starbucks set to hire hire 2,500 refugees for European stores by 2022
Starbucks Corp is set to hire hire 2,500 refugees for European stores by 2022
Coffee house Starbucks takes a hit after broker downgrade
The share price target was repeated at C$65 - which is still higher than the current price of around 60 cents
Starbucks lowers full year guidance as second quarter sales fall short of estimates
Shares in Starbucks are under pressure as the cafe chain warned on its full year earnings and revenue amid rising competition and stalling US growth