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 Coffee Company (NASDAQ:SBUX) has finalized an agreement to sell its 50% stake in Starbucks Coffee Korea to E-Mart, which will acquire an additional 17.5% interest, raising its total ownership to 67.5%. Additionally, GIC Private Limited will acquire a 32.5% stake in the joint venture. This strategic move underscores Starbucks' commitment to partnering with local operators for growth. With over 1,500 stores in South Korea, the brand sees significant potential in the market. The transition is expected to be completed within 90 days, ensuring business continuity.
Starbucks (NASDAQ: SBUX) and Nestlé announced a collaboration to launch Starbucks Ready-to-Drink (RTD) coffee in select markets across Southeast Asia, Oceania, and Latin America starting in 2022. This partnership aims to enhance the global reach of Starbucks through tailored coffee products. The duo has previously achieved CHF 2.7 billion in sales of Starbucks products, marking double-digit organic growth in 2020. Focus will be on popular RTD items like Frappuccino and Doubleshot, as well as an innovation pipeline to attract younger consumers.
Starbucks Corporation (SBUX) will announce its Q3 fiscal 2021 financial results on July 27, 2021, after market close, followed by a conference call at 2:00 p.m. PT. Investors can access the webcast on the company’s website, with a replay available until August 27, 2021. With a global presence of nearly 33,000 stores, Starbucks remains a leading retailer of specialty coffee, committed to ethically sourcing high-quality arabica coffee since 1971.
Starbucks Corporation (NASDAQ: SBUX) has announced a dividend of $0.45 per share of outstanding Common Stock. This dividend will be distributed in cash on August 27, 2021, to shareholders who hold stocks by August 12, 2021. This decision reflects the company's commitment to returning value to its shareholders. With nearly 33,000 stores globally, Starbucks continues to be a leader in the specialty coffee market, focusing on high-quality arabica coffee sourcing and roasting.
Starbucks Corporation (NASDAQ: SBUX) announced key leadership changes to bolster its strategic objectives, effective June 28, 2021. John Culver is promoted to group president, North America and COO, while Michael Conway becomes group president, International and Channel Development. Michelle Burns is elevated to executive vice president, Global Coffee, Tea, and Cocoa. These appointments align with Starbucks' Growth at Scale strategy, focusing on sustainable growth and commitments to being People and Planet Positive.
Generate announces the launch of the first six community solar projects in New York State, part of a multi-year collaboration with Starbucks. These projects aim to provide solar energy to Starbucks stores and benefit up to 24,000 households and businesses, especially in under-served areas. Annually, the initiative is expected to deliver over 119,885 MWh of clean energy, supporting Starbucks' goal of becoming a resource-positive company by 2030. The program also offers participants discounted electricity rates through New York's Community Distributed Generation program.
Starbucks Corporation (NASDAQ: SBUX) reported Q2 fiscal 2021 results with consolidated net revenues of $6.7 billion, an 11% increase year-over-year, primarily driven by a 15% rise in comparable store sales. GAAP EPS rose to $0.56 from $0.28, while non-GAAP EPS increased to $0.62 from $0.32. Global comparable store sales were up 15%, with international sales soaring by 35%. The company affirmed its fiscal 2021 guidance, projecting revenues between $28.5 billion and $29.3 billion. Starbucks continues to adapt amidst changing customer needs while celebrating its 50th anniversary.
Starbucks Corporation (Nasdaq: SBUX) will announce its financial results for the second quarter of fiscal year 2021 on April 27, 2021, post-market close. A conference call will follow at 2:00 p.m. Pacific Time, with an accessible webcast on the company’s investor relations site. Starbucks, operating nearly 33,000 locations worldwide, is committed to sourcing high-quality arabica coffee and providing an exceptional experience to its customers. A replay of the conference call will be available until May 28, 2021.
Starbucks Corporation (NASDAQ: SBUX) has declared a dividend of $0.45 per share for its shareholders. This dividend is set to be paid on May 28, 2021, to those on record by May 13, 2021. The company remains a leader in the premium coffee sector with nearly 33,000 stores globally, focusing on ethically sourced high-quality arabica coffee and delivering an exceptional customer experience.
Starbucks Corporation (NASDAQ: SBUX) will host its Annual Meeting of Shareholders on March 17, 2021, at 10:00 a.m. PT. This virtual meeting can be accessed via the company's website. Shareholders eligible to vote must have held shares as of January 8, 2021, and should use their control number to participate. A replay will be available until September 17, 2021. Founded in 1971, Starbucks operates nearly 33,000 stores globally, focusing on ethically sourced high-quality arabica coffee to deliver the unique Starbucks Experience.