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) 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.