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 (Nasdaq: SBUX) has announced its plans to release Q3 fiscal year 2024 financial results after market close on Tuesday, July 30, 2024. A conference call will follow at 2:00 p.m. Pacific Time, which will be webcast and accessible on the company's investor relations website. The webcast replay will be available until September 13, 2024.
Starbucks, founded in 1971, is the world's leading specialty coffee roaster and retailer, with nearly 39,000 stores worldwide. The company emphasizes its commitment to ethically sourcing and roasting high-quality arabica coffee, as well as providing a unique customer experience.
Starbucks (NASDAQ: SBUX) has announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share for its outstanding Common Stock. The dividend is scheduled for payment on August 30, 2024, to shareholders recorded by August 16, 2024. Starbucks, founded in 1971, is renowned for ethically sourcing and roasting high-quality arabica coffee. With nearly 39,000 stores globally, Starbucks remains a prime specialty coffee roaster and retailer.
Condado Tacos has announced Derrick Pratt as the new CEO, effective July 1, 2024. Pratt, with nearly 40 years of experience in the restaurant industry, previously served as COO at Portillo's (PTLO) and held significant roles at Starbucks (SBUX) and McDonald's (MCD).
Under Pratt's leadership at Portillo's, he drove key technology initiatives and led the company through a successful IPO in 2021. Condado Tacos, which has doubled its locations in the past three years, aims to leverage Pratt's expertise for its next growth phase.
Pratt is expected to focus on strategic expansion, operational processes, and people development at Condado Tacos, aligning with the company's vision and culture. Condado Tacos currently operates 50 locations across 10 states.
Starbucks (Nasdaq: SBUX) announced that Rachel Ruggeri, executive vice president and chief financial officer, will host a fireside chat at the Deutsche Bank Global Consumer Conference in Paris on June 5, 2024, at 8:30 a.m. CEST (2:30 a.m. Eastern Time).
The event will be webcast live and available for replay on the company's Investor Relations website. Starbucks has a global presence with over 38,000 stores, emphasizing high-quality arabica coffee sourced ethically.
Starbucks reports Q2 fiscal 2024 results with consolidated net revenues down 2% to $8.6 billion due to a challenging operating environment. The GAAP and non-GAAP EPS were $0.68. Global comparable store sales declined by 4%, with North America and U.S. sales down by 3%. International sales also declined by 6%. The company opened 364 net new stores in Q2, ending with a total of 38,951 stores. Consolidated net revenues declined 2% to $8.6 billion. Starbucks reported a GAAP operating margin of 12.8%, a decrease of 240 basis points year-over-year. GAAP EPS declined by 14% to $0.68. Starbucks Rewards loyalty program 90-day active members totaled 32.8 million, up 6% year-over-year.
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