Welcome to our dedicated page for Starbucks news (Ticker: SBUX), a resource for investors and traders seeking the latest updates and insights on Starbucks stock.
Starbucks Corporation (SBUX) is a global leader in the coffeehouse industry, renowned for its premium beverages, retail innovation, and commitment to sustainability. This page aggregates all official company announcements, financial disclosures, and market-relevant developments in one centralized location.
Investors and stakeholders will find timely updates on earnings reports, product launches, and strategic partnerships, alongside press releases detailing operational milestones. The curated collection includes updates on store expansions, sustainability initiatives, and leadership changes impacting SBUX’s global operations.
Bookmark this page to stay informed about Starbucks’ latest corporate news, including regulatory filings and analyst commentary. Visit regularly for unfiltered access to primary source materials critical for understanding the company’s trajectory in the competitive foodservice sector.
Starbucks Corporation (SBUX) announced significant investments totaling nearly $1 billion in fiscal year 2022, aimed at enhancing partner support, store innovation, and modernized training. CEO Howard Schultz emphasized that these investments will meet record customer demand and improve profitability. Key initiatives include raising pay to a $15/hour floor and providing additional training for partners. Starbucks plans to launch features such as credit card tipping and technology upgrades by late 2022, with a focus on elevating both partner and customer experiences.
Starbucks Corporation reported a robust Q2 performance with consolidated net revenues reaching a record $7.6 billion, up 15% year-over-year. Comparable store sales grew 7% globally, with a notable 12% increase in the U.S. GAAP EPS rose 4% to $0.58, while non-GAAP EPS declined to $0.59 from $0.61. Active U.S. Starbucks Rewards members increased by 17% to 26.7 million. However, operating margins faced pressure due to inflation and COVID-19 restrictions in China, with overall margins declining from previous year levels.
Starbucks Corporation (NASDAQ: SBUX) will announce its second quarter fiscal year 2022 financial results after market close on Tuesday, May 3, 2022. A conference call is scheduled for 2:00 p.m. Pacific Time, which will be accessible via the company's website. A replay of the call will be available until June 3, 2022. Starbucks, established in 1971, operates over 34,000 stores worldwide and is recognized as a leading specialty coffee retailer.
Starbucks announced the suspension of its stock buyback program to focus on investing in employees and stores for long-term growth. The return of founder Howard Schultz as CEO aims to reimagine the company with a focus on shared success among stakeholders. Schultz emphasized creating value for partners, customers, and communities, which he believes will ultimately benefit shareholders. Starbucks has a history of innovative employee benefits, and since its IPO in 1992, the company's stock price has increased significantly, reflecting its growth from 11 to over 28,000 stores worldwide.
Starbucks Corporation (NASDAQ: SBUX) has declared a dividend of $0.49 per share, set to be paid on May 27, 2022. Shareholders of record by May 13, 2022 will receive this dividend. This announcement reflects Starbucks' commitment to returning value to its shareholders.
The Starbucks Board chairman, Mellody Hobson, thanked retiring CEO Kevin Johnson, who served for 13 years and led the company through the pandemic. Howard Schultz is appointed interim CEO. Starbucks reiterated its goal to expand to 55,000 stores by 2030 and return $20B to shareholders by 2025, having already returned over $25B in the last four years. The company aims to enhance the well-being of one billion people globally by 2030 and deepen sustainability commitments through new partnerships and technologies.
Starbucks CEO Kevin Johnson will retire on April 4, 2022, after 13 years with the company. He has served as CEO for the past five years and will continue as a consultant until September. The Board is searching for his successor, with Howard Schultz appointed as interim CEO during this transition. Johnson's tenure saw significant growth in Starbucks' digital initiatives and community-focused strategies. Schultz, the company's founder, returns to guide the company through this leadership change while also aiding in the search for a permanent successor.
Starbucks Corporation (NASDAQ: SBUX) is set to hold its Annual Meeting of Shareholders on March 16, 2022, at 10:00 a.m. PT. The meeting will be conducted virtually and accessible via investor.starbucks.com. Shareholders eligible to vote must have held shares by the record date of January 6, 2022. Voting requires a control number found on proxy materials. A replay of the meeting will be available on the website until September 16, 2022.
Starbucks has been a leading specialty coffee retailer since 1971, operating over 34,000 stores globally.
Starbucks reported Q1 fiscal 2022 net revenues of $8.1 billion, up 19% year-over-year, driven by a 13% increase in global comparable store sales. U.S. comparable sales surged 18%, with EPS at $0.69, reflecting a 30% increase. Despite strong demand, the company faced challenges from inflation and increased COVID-19-related costs. The global store count reached 34,317, including over 5,500 stores in China. Active U.S. Starbucks Rewards memberships grew 21% to 26.4 million.
Starbucks Corporation (SBUX) is set to announce its first quarter fiscal year 2022 financial results on February 1, 2022, after market close. A conference call will be held at 2:00 PM PT, accessible via the company's website. A replay will be available until March 4, 2022. Since its founding in 1971, Starbucks has grown to nearly 34,000 stores globally, focusing on ethically sourced, high-quality coffee and customer experience.
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