Starbucks Corporation reports news on a global coffeehouse business built around company-operated and licensed stores, specialty coffee beverages, responsibly sourced arabica coffee, and a growing consumer-packaged goods presence. Recurring updates cover comparable store sales, store count trends in the U.S. and China, North America, International and Channel Development performance, and the company’s Back to Starbucks operating initiatives.
Company announcements also address quarterly dividends, senior note tender offers, shareholder meetings, partner compensation programs, recycling and packaging initiatives, and the completed China retail joint venture in which Starbucks retained a minority interest while continuing as owner and licensor of the Starbucks global brand.
Starbucks Corporation (NASDAQ: SBUX) has announced a cash dividend of $0.49 per share of common stock. This dividend is set to be paid on February 25, 2022, to shareholders of record as of February 11, 2022. The decision reflects Starbucks' ongoing commitment to returning value to shareholders while maintaining its position as a leading specialty coffee retailer with approximately 34,000 stores globally.
Starbucks (SBUX) reported a strong Q4 fiscal 2021, with consolidated net revenues rising 31% to a record $8.1 billion, driven by a 17% increase in global comparable store sales. U.S. comparable store sales grew 22%, reflecting strong consumer demand. GAAP EPS reached $1.49, while non-GAAP EPS was $1.00. The company plans to return $20 billion to shareholders through dividends and share repurchases over the next three years. Active Starbucks Rewards membership in the U.S. neared 25 million, up 28% year-over-year.
Starbucks has announced a historic investment plan to enhance employee wages and experiences, with average hourly pay for U.S. partners aimed to reach nearly $17 by Summer 2022. The pay floor will be raised to $15/hr., and longer-serving partners could see raises of up to 10%. Additionally, the company will strengthen training and recruitment efforts and innovate in-store experiences with new technology. These initiatives highlight Starbucks' commitment to investing in its workforce while adapting to customer demand.
Starbucks Corporation (NASDAQ: SBUX) has announced an increase in its quarterly cash dividend from $0.45 to $0.49 per share, marking the eleventh consecutive annual dividend hike. This increase will be effective for the dividend payment scheduled on November 26, 2021, for shareholders of record on November 12, 2021. The annual dividend now totals $1.96 per share. Starbucks has consistently raised its dividend since initiating it in 2010.
Starbucks Corporation (SBUX) will announce its Q4 and fiscal year 2021 financial results on October 28, 2021, post-market. A conference call will follow at 2:00 p.m. PT, accessible via the company’s website. Notably, fiscal year 2021 consists of a 53-week year, which will impact the financial results. Investors can find a replay of the webcast until November 26, 2021. Starbucks continues to be a leading retailer in the specialty coffee sector with over 33,000 stores globally.
Starbucks reported robust Q3 fiscal 2021 results, with global comparable store sales soaring 73% and consolidated net revenues reaching $7.5 billion, a 78% increase year-over-year. The Americas segment saw 84% growth in comparable store sales, driven by a surge in transactions. The company opened 352 new stores, ending with a total of 33,295 globally. GAAP EPS rose to $0.97 from a loss of $0.58 last year. Full-year guidance was raised, projecting revenues between $29.1 billion and $29.3 billion. The Board declared a cash dividend of $0.45 per share, payable on August 27, 2021.
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.