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 Corporation (NASDAQ: SBUX) has declared a dividend of $0.45 per share for its common stock. This dividend will be paid in cash on March 5, 2021, to shareholders recorded as of February 18, 2021. With nearly 33,000 stores globally, Starbucks is committed to ethically sourcing high-quality arabica coffee and providing an exceptional customer experience.
Starbucks Corporation (Nasdaq: SBUX) will announce its first quarter fiscal year 2021 financial results on January 26, 2021, after market close. A conference call will follow at 2:00 p.m. PT, which will be available via webcast with closed captioning. Interested investors can access the call through the company's investor website. A replay will be available until February 26, 2021. Starbucks continues to expand its global presence with almost 33,000 stores, maintaining its status as a leader in specialty coffee.
Starbucks Corporation (NASDAQ: SBUX) announced the retirement of CFO Patrick Grismer effective February 1, 2021, after over 35 years in finance. Senior VP Rachel Ruggeri will succeed him, having been with Starbucks for 16 years. Grismer will assist in the transition until May 2, 2021. Starbucks affirmed its fiscal 2021 guidance, citing positive business momentum. Ruggeri brings 28 years of experience and a proven track record within the company, indicating strong continuity in financial leadership as Starbucks aims for consistent growth.
Starbucks Corporation (Nasdaq: SBUX) announced that CFO Patrick Grismer will speak at the Wolfe Research Consumer Access Day on December 16, 2020, at 10:30 a.m. ET. This event will be webcast and accessible on the company’s website. A replay of the event will be available until January 13, 2021. Starbucks, founded in 1971, is known for its commitment to ethically sourcing high-quality arabica coffee and operates nearly 33,000 stores globally. For further details, visit investor.starbucks.com.
Starbucks hosted its biennial Investor Day, outlining a vision focused on sustainable growth and stakeholder value. CEO Kevin Johnson emphasized adaptations made during the pandemic, aiming for a strong long-term performance in both the U.S. and China. The company reaffirmed fiscal 2021 guidance with GAAP EPS expected between $2.34 and $2.54, and anticipates 20% non-GAAP EPS growth in FY22. Starbucks also plans to enhance its store presence globally, targeting around 55,000 locations by FY30, alongside eco-friendly initiatives to support its sustainability goals.
Starbucks Corporation (NASDAQ: SBUX) announced Mellody Hobson as its next non-executive chair of the board of directors, effective March 2021. Hobson has been a board member since 2005 and will succeed Myron Ullman, who will retire after serving as chair since 2018. Hobson's leadership is expected to further align the company with its mission of prioritizing people and customers. She brings over 15 years of board experience and co-CEO role at Ariel Investments. Hobson aims to accelerate Starbucks' strategy and value creation.
Starbucks Corporation (NASDAQ: SBUX) will host its biennial Investor Day on December 9, 2020. This virtual event, starting at Noon Pacific Time (3:00 p.m. Eastern), will feature presentations from the senior leadership team and a Q&A session. The event is expected to last approximately two hours and will include closed captioning. Attendees can access the webcast via the Starbucks Investor Relations website, where a replay and presentation slides will be available the following day.
Starbucks Corporation (Nasdaq: SBUX) is set to announce its fourth quarter and fiscal year 2020 financial results on October 29, 2020, post-market close. A conference call will follow at 2:00 p.m. PT to discuss these results and provide guidance for fiscal year 2021, which will include the impact of a 53-week year. The call will be available via webcast on the company’s investor website, with a replay accessible until November 27, 2020. Starbucks continues to be a leading retailer and roaster of specialty coffee globally, with over 32,000 stores since its inception in 1971.
Starbucks Corporation (NASDAQ: SBUX) announced a 10% increase in its quarterly cash dividend, raising it from $0.41 to $0.45 per share. This dividend will be effective from November 27, 2020, for shareholders of record as of November 12, 2020, bringing the annual dividend rate to $1.80 per share. CEO Kevin Johnson expressed confidence in the company's recovery and financial strength, underscoring its long-term growth model. Starbucks has consistently increased its dividend annually since initiating it in 2010.