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 (Nasdaq: SBUX) is widely recognized by the company as the premier roaster and retailer of specialty coffee, with more than 40,000 stores worldwide. The Starbucks news feed on Stock Titan brings together company-issued updates and market-moving announcements that help investors and followers of SBUX understand how the business is evolving.
Starbucks regularly publishes earnings releases that detail quarterly and full-year financial results, including comparable store sales, segment performance in North America, International and Channel Development, and updates on its "Back to Starbucks" transformation strategy. These releases often discuss store openings or closures, restructuring actions and the performance of key markets such as the United States and China.
Investors can also follow capital allocation news, as Starbucks frequently announces Board-approved quarterly cash dividends on its common stock and provides context on its dividend history and capital allocation philosophy. Other recurring topics in Starbucks news include joint ventures and partnerships, such as the agreement with Boyu Capital to form a joint venture for Starbucks retail operations in China, and brand partnerships like becoming the Official Coffee Partner of the LA28 Olympic and Paralympic Games and Team USA.
Company communications further highlight flagship store openings, such as the Spain flagship coffeehouse inside Real Madrid’s Santiago Bernabéu Stadium in Madrid, and governance updates, including changes to bylaws and Board appointments. By following the SBUX news page, readers can track how Starbucks describes its strategic priorities, international expansion, restructuring efforts and dividend decisions over time.
Starbucks has announced its plan to sell the Seattle’s Best Coffee brand to Nestlé, strengthening their existing Global Coffee Alliance. This strategic move allows both companies to concentrate on their core businesses. The partnership aims to enhance the premium coffee experience through innovative products and marketing strategies. Starbucks expects the transaction to close by the end of 2022, pending Board and regulatory approvals.
Delta Air Lines (NYSE: DAL) and Starbucks (NASDAQ: SBUX) announced a strategic partnership allowing Delta SkyMiles and Starbucks Rewards members to link their accounts. Starting Oct. 12, 2022, members can earn one mile per $1 spent at Starbucks and double Stars on flight days. Additionally, those who link accounts by Dec. 31, 2022, will earn bonuses of 500 miles and 150 Stars. This collaboration aims to enhance loyalty program benefits, attracting new members and increasing customer engagement for both companies.
Starbucks Corporation (NASDAQ: SBUX) has announced a quarterly cash dividend increase from
Starbucks celebrated its 6,000th store in the Chinese mainland and 1,000th in Shanghai, making it the first city globally to achieve this milestone. The Shanghai Lippo Plaza Store, opening on September 30, features cutting-edge sustainability solutions and digital operations. To commemorate the occasion, Starbucks is launching the Shanghai Coffee in Crema Ristretto style on September 28, reflecting local flavors.
The company aims to operate 9,000 stores in China by 2025, emphasizing its commitment to innovation and growth.
Starbucks (SBUX) held its Investor Day in Seattle, unveiling a three-year financial roadmap targeting 7-9% annual store sales growth, 10-12% revenue growth, and 15-20% non-GAAP EPS growth through fiscal 2025. The company aims to enhance its operational margins and expand its store count by approximately 7% annually. The introduction of new store formats and significant investments in partner engagement and digital capabilities are expected to drive growth, particularly in China. Starbucks plans to return around $20 billion to shareholders through dividends and share buybacks in the coming three years.
Starbucks announced new benefits to support eligible partners with savings and student loan debt effective
Starbucks (SBUX) announces Laxman Narasimhan as the new CEO, set to officially take the role on April 1, 2023, after a transition period starting October 1, 2022. Narasimhan relocates from London and brings over 30 years of experience, previously serving as CEO of Reckitt. Howard Schultz will remain as interim CEO and advisor during this transition. Narasimhan aims to enhance the brand's growth through his operational expertise and commitment to innovation. Schultz expressed confidence in Narasimhan’s ability to lead Starbucks into its next growth phase.
Starbucks has partnered with Volvo and ChargePoint to install up to 60 DC fast chargers in 15 Starbucks locations along a 1,350-mile route from the Colorado Rockies to Seattle. The first four chargers are operational in Provo, Utah. This initiative aims to boost EV infrastructure, assisting both EV drivers and Starbucks customers. While any EV can use these chargers for a fee, Volvo drivers will enjoy complimentary access. The project aligns with Starbucks' sustainability goals, including a 50% reduction in carbon footprint by 2030.
Starbucks (SBUX) reported Q3 fiscal 2022 results with consolidated net revenues of $8.2 billion, a 9% increase from the previous year. Comparable store sales rose 3% globally, driven by a 9% increase in the U.S. The company opened 318 new stores, reaching a total of 34,948 locations. However, earnings per share decreased to $0.79 GAAP, down from $0.97 year-over-year. The North America segment saw revenue growth of 13%, while international revenues declined by 6%, primarily due to challenges in China. Starbucks suspended guidance for the remainder of the fiscal year.
Starbucks Corporation (SBUX) will release its third quarter fiscal year 2022 financial results after market close on August 2, 2022. A conference call is scheduled for 2:00 p.m. Pacific Time, accessible on the company's website with closed captioning available. The webcast replay can be viewed until September 2, 2022. Starbucks has over 34,000 stores globally and is recognized as the leading retailer of specialty coffee.