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) 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.