Welcome to our dedicated page for Starbucks Corporation news (Ticker: $SBUX), a resource for investors and traders seeking the latest updates and insights on Starbucks Corporation stock.
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 Corporation'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 Corporation's position in the market.
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
-0.58%
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Rhea-AI Summary
Starbucks announces new partner investments to enhance the partner experience, including paid vacation time, financial well-being benefits, and the introduction of the North America Barista Championship. Starbucks has been recognized for offering valuable benefits to retail hourly partners. The company has invested over $1 billion to improve the partner and store experience, resulting in lower turnover and increased hourly total cash compensation by nearly 50% since Fiscal Year 2020.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
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Starbucks Coffee Company has announced its long-term growth strategy, Triple Shot Reinvention with Two Pumps. The strategy focuses on elevating the brand, strengthening and scaling digital capabilities, expanding globally, unlocking efficiency, and reinvigorating the partner culture. The company aims to double its 75 million global Starbucks Rewards Members within five years and accelerate store expansion to 55,000 globally by 2030. They also plan to generate $3 billion in savings over three years and invest in the partner value proposition. This strategy aims to deliver long-term sustainable growth and returns to partners, customers, and shareholders.
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End-of-Day
2.64%
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Starbucks Corporation reported strong financial results for Q4, with consolidated net revenues reaching a record $9.4 billion, an 11% increase from the previous year. Global comparable store sales were up 8%, driven by a 4% increase in average ticket and a 3% increase in comparable transactions. The company opened 816 net new stores, bringing the total store count to 38,038. Starbucks Rewards membership reached 32.6 million, a 14% increase from the prior year.
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Rhea-AI Sentiment
End-of-Day
9.48%
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Starbucks signs energy credit subscription agreement with NineDot Energy to support New York City's clean energy transition.
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End-of-Day
-2.1%
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Starbucks Corporation plans to release its fourth quarter and full fiscal year 2023 earnings results on November 2, 2023. A conference call and webcast will follow at 7:00 a.m. Eastern time. Starbucks will also host a Reinvention update and holiday launch event on the same day at 4:00 p.m. Eastern time.
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Rhea-AI Sentiment
End-of-Day
0.52%
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Starbucks increases quarterly cash dividend by 7.5% to $0.57 per share, raising annual dividend rate to $2.28 per share
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Rhea-AI Sentiment
End-of-Day
-2.16%
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Starbucks announces Howard Schultz's retirement from the Board of Directors and the election of Wei Zhang as a new director.
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Rhea-AI Sentiment
End-of-Day
0.24%
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Starbucks Corporation reported strong Q3 results with consolidated net revenues of $9.2 billion, a 12% increase from the prior year. Comparable store sales were up 10% globally, with North America up 7% and International up 24%. GAAP EPS was $0.99 and non-GAAP EPS was $1.00, exceeding expectations. Starbucks Rewards membership reached 31.4 million, up 15% over the prior year.
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Rhea-AI Sentiment
End-of-Day
0.86%
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Starbucks Corporation (Nasdaq: SBUX) announces expanded career development, mental health, and hiring initiatives to support U.S. military community. Plans include new centralized relocation service, expansion of Military Family Store program, and personalized mental health support for partners and their families.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
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Starbucks Corporation
Nasdaq:SBUX
SBUX Rankings
SBUX Stock Data
87.83B
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.