Starbucks Reports Strong Fourth-Quarter Results
Starbucks (SBUX) saw a surge in its stock value following the release of its fourth-quarter earnings report. The coffee chain reported earnings of $1.06 per share on record revenue of…
Target Introduces ‘Drive Up with Starbucks’ Nationwide
Target Corp. announced on Wednesday its plans to roll out the highly successful "Drive Up with Starbucks" service across the entire country. This expansion comes after a year-long pilot program…
Starbucks Reports Third-Quarter Results: Same-Store Sales Miss Expectations
Shares of Starbucks Corp. experienced a decline after hours on Tuesday following the release of their third-quarter report. Although the coffee chain showed a significant rebound in China, their same-store…
Americans’ Love for Starbucks Coffee Wanes as Customers Turn Cautious
The enduring love that Americans have shown for Starbucks lattes and iced coffee has been a saving grace for the company during the challenging post-pandemic years. However, the upcoming earnings…
Starbucks’ Schultz Marks Return With a Halt on Stock Buyback
(Reuters) Returning Starbucks former CEO Howard Schultz has announced a suspension of the company’s stock repurchase program as he comes back to lead the coffee chain. Schultz says the stock…
Starbucks Selects Meituan for Coffee Deliveries in China as Sales Falls
(Reuters) Starbucks has partnered with China’s leading food delivery entity Meituan for the distribution of coffee as it seeks to grow Covid-19 hit sales in its second-biggest market. Chinese consumers…