Welcome to our dedicated news page for Starbucks (Ticker: SBUX), a resource for investors and traders seeking the latest updates and insights on Starbucks.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Starbucks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Starbucks's position in the market.
Rhea-AI Summary
The Strategic Organizing Center (SOC) has sent a letter to Starbucks shareholders and mailed definitive proxy materials, nominating three director candidates to help improve oversight and safeguard the best interests of Starbucks shareholders, customers, and employees. The SOC believes that enhanced oversight and proven human capital management expertise are needed on Starbucks' Board of Directors, citing concerns about reputational risk, labor issues, resource allocation, and shareholder value. Starbucks has faced significant labor-related challenges, including NLRB complaints, stock price declines, and unionized stores. The SOC Nominees possess leadership experience and expertise in labor law, policy, and regulation, aiming to address these pressing issues and maximize shareholder value.
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0.21%
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Starbucks Corporation (SBUX) is set to release its first quarter fiscal year 2024 financial results on January 30, 2024, with a webcast conference call to follow. The call will be accessible on the company's website and a replay will be available until March 15, 2024.
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-1%
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Strategic Organizing Center (SOC) nominates three director candidates for election to Starbucks Corporation (SBUX) Board of Directors at 2024 Annual Meeting
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Starbucks Coffee Company (SBUX) announced the election of Daniel Servitje, Neal Mohan, and Mike Sievert to its Board of Directors. Servitje is the CEO of Grupo Bimbo, a global leader in the baking industry with annual sales of $22.3 billion. Mohan is the CEO of YouTube, used by over 2 billion people worldwide. Sievert is the CEO of T-Mobile US, leading a multiyear growth strategy with annual revenues exceeding $80 billion.
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0.44%
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Starbucks Coffee Company (NASDAQ: SBUX) announced that customers at all company-operated and participating licensed Starbucks Stores across the U.S. and Canada can use their clean personal cup when ordering in café, in the drive-thru, or when ordering ahead with the Starbucks app. This initiative supports Starbucks' commitment to reduce waste by 50 percent by 2030. Starbucks is aiming to serve every beverage in a reusable cup, and this move marks tangible progress towards that goal.
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-0.47%
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SOC Addresses Starbucks' Labor-Related Promises and Governance Reforms (Nasdaq: SBUX)
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-3.08%
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Starbucks Corporation (NASDAQ: SBUX) declares a quarterly cash dividend of $0.57 per share of outstanding Common Stock, payable on February 23, 2024, to shareholders of record on February 9, 2024.
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Starbucks Corporation (SBUX) confirms receipt of nomination by SOC Investment Group for three director candidates for election to the Starbucks Board of Directors at its 2024 Annual Meeting of Shareholders. The company emphasizes its commitment to constructive dialogue and long-term value creation for stakeholders. Starbucks has evolved to meet the needs of a new era, with a diverse, engaged, and independent Board. The company has invested nearly $9 billion to uplift the partner and store experience, reinvesting an average of nearly 20% of fiscal year profits back into the partner experience, with an expected continuation of this investment in fiscal year 2024.
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-0.24%
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Starbucks Corporation (SBUX) CEO Laxman Narasimhan to host fireside chat at Morgan Stanley Global Consumer & Retail Conference
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-0.24%
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Starbucks (SBUX) announces the establishment of a new Environmental, Partner and Community Impact (EPCI) Board Committee, reflecting a governance evolution. The committee will oversee accountability and reporting on Starbucks' promises on environment, partners, and community impact. Beth Ford, President and CEO of Land O’Lakes, will serve as the independent chair of the committee. Starbucks plans to continue leading by example, with upcoming disclosures of its Fiscal 2023 Human Rights Impact Assessment and the independent assessment of its adherence to the principles of freedom of association and the right to collective bargaining in fiscal Q1 2024, and its GESI Report in fiscal Q2 2024.
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-0.58%
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Starbucks Corp
Nasdaq:SBUX
SBUX Rankings
SBUX Stock Data
100.01B
1.11B
2.04%
76.05%
1.39%
Coffee and Tea Manufacturing
Manufacturing
United States of America
SEATTLE
About SBUX
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the worlds largest coffeehouse chain. As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States.