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 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) 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.