Starbucks Corp Stock Price, News & Analysis

Starbucks Corporation (NASDAQ: SBUX) has declared a dividend of $0.49 per share of common stock. This dividend will be paid on August 26, 2022, to shareholders who are on record as of August 12, 2022. With over 34,000 stores globally, Starbucks continues its commitment to ethically sourcing high-quality arabica coffee, further solidifying its position as a leading specialty coffee retailer.

Starbucks (NASDAQ: SBUX) is set to host its 2022 Investor Day on September 13, 2022, in Seattle. The event begins at 7:30 a.m. PT and concludes at approximately 3:00 p.m. PT. Senior leadership, including interim CEO Howard Schultz and CFO Rachel Ruggeri, will present and participate in a Q&A session. Due to limited capacity, in-person attendance is by invitation only, but the event will be webcast for public access. A replay will be available the following day on the company’s website.

Starbucks Corporation (NASDAQ: SBUX) Board confirms the ongoing search for a new CEO, with Howard Schultz remaining as interim CEO through Q1 2023. This extension aims to ensure leadership continuity during the 2022 holiday season. Since April 4, Schultz has engaged with employees to outline a strategic plan for the company's reinvention. The Board anticipates naming a new CEO by Fall, with a transition planned in early 2023, after which Schultz will remain on the Board.

Starbucks (NASDAQ: SBUX) has entered a definitive agreement for Bolthouse Farms to acquire Evolution Fresh, known for its organic, cold-pressed juices. This acquisition aims to accelerate Evolution Fresh's growth while allowing Starbucks to focus on its core business. The transaction will transfer employees supporting Evolution Fresh to Bolthouse Farms. Bolthouse Farms will expand its beverage offerings with a full lineup of organic juices, and Starbucks locations will continue selling these products. The undisclosed deal is expected to close later this year.

Starbucks Corporation (SBUX) announced significant investments totaling nearly $1 billion in fiscal year 2022, aimed at enhancing partner support, store innovation, and modernized training. CEO Howard Schultz emphasized that these investments will meet record customer demand and improve profitability. Key initiatives include raising pay to a $15/hour floor and providing additional training for partners. Starbucks plans to launch features such as credit card tipping and technology upgrades by late 2022, with a focus on elevating both partner and customer experiences.

Starbucks Corporation reported a robust Q2 performance with consolidated net revenues reaching a record $7.6 billion, up 15% year-over-year. Comparable store sales grew 7% globally, with a notable 12% increase in the U.S. GAAP EPS rose 4% to $0.58, while non-GAAP EPS declined to $0.59 from $0.61. Active U.S. Starbucks Rewards members increased by 17% to 26.7 million. However, operating margins faced pressure due to inflation and COVID-19 restrictions in China, with overall margins declining from previous year levels.

Starbucks Corporation (NASDAQ: SBUX) will announce its second quarter fiscal year 2022 financial results after market close on Tuesday, May 3, 2022. A conference call is scheduled for 2:00 p.m. Pacific Time, which will be accessible via the company's website. A replay of the call will be available until June 3, 2022. Starbucks, established in 1971, operates over 34,000 stores worldwide and is recognized as a leading specialty coffee retailer.

Starbucks announced the suspension of its stock buyback program to focus on investing in employees and stores for long-term growth. The return of founder Howard Schultz as CEO aims to reimagine the company with a focus on shared success among stakeholders. Schultz emphasized creating value for partners, customers, and communities, which he believes will ultimately benefit shareholders. Starbucks has a history of innovative employee benefits, and since its IPO in 1992, the company's stock price has increased significantly, reflecting its growth from 11 to over 28,000 stores worldwide.

Starbucks Corporation (NASDAQ: SBUX) has declared a dividend of $0.49 per share, set to be paid on May 27, 2022. Shareholders of record by May 13, 2022 will receive this dividend. This announcement reflects Starbucks' commitment to returning value to its shareholders.