Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger results elsewhere.
Global same-store sales — or sales at stores open at least a year — were up 5% in the October-December period, but that was partly due to higher prices.
Pumpkin spice pumped up Starbucks' sales in its fiscal fourth quarter, and the company said it's confident that momentum will carry on into next year.
Starbucks’ revenue rose 3% to a record $8.41 billion in the July-September period.
Starbucks has named a longtime PepsiCo executive as its new CEO.
The coffee giant said Thursday that Laxman Narasimhan will join Starbucks on Oct. 1 after relocating from London to Seattle, where Starbucks is based.
SANTA FE, N.M. (AP) — Workers at a Santa Fe Starbucks are taking steps to unionize.
The Santa Fe New Mexican reports employees at the location on St.
Starbucks on Tuesday reported record revenue in the April-June period, as strong U.S. demand made up for COVID shutdowns in China.
The Seattle-based coffee giant exceeded sales expectations despite continuing store closures and reduced hours in China due to coronavirus measures.
Starbucks’ sales climbed to record levels in its fiscal second quarter, but its profits took a hit from climbing labor costs.
And those costs are set to grow even higher in the coming months as Starbucks introduces new pay raises and other benefits to improve its employee experience __ and head off a growing unionization movement.
Longtime Starbucks leader Howard Schultz — who returned to the company as interim CEO on Monday — said his first major action will be suspending Starbucks' share buyback program and plowing those billions of dollars into the company instead.
SEATTLE (AP) — Baristas and other employees at a Seattle Starbucks have voted to unionize, the first such vote in the city where Starbucks originated and the latest in a nationwide push to organize the coffee shop chain.
From the time he bought Starbucks in 1987 to the time he stepped down as chairman in 2018, Howard Schultz consistently — and successfully — fought attempts to unionize Starbucks’ U.S. stores and roasting plants.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Starbucks Corp., up $4.29 to $87.41.
Former CEO Howard Schultz is returning to lead the coffee chain on an interim basis as Kevin Johnson retires.
Longtime Starbucks CEO Howard Schultz is returning to lead the company on an interim basis after the coffee giant's current chief executive announced his retirement.
Kevin Johnson said he will retire next month after five years as president and CEO and 13 years at Starbucks.
BEIJING (AP) — President Xi Jinping is asking former CEO Howard Schultz of Starbucks to help repair U...
SEATTLE (AP) — Former Starbucks CEO Howard Schultz, who is considering an independent bid for president, is apologizing for saying he had likely spent more time with the military than the other candidates.
Conservatives view former Vice President Joseph R. Biden as the "biggest threat" to President Trump in the 2020 election, according to Saturday's Washington Times/CPAC straw poll. Sens. Bernard Sanders and Kamala Harris were a distant second and third.
SEATTLE (AP) — "Grande ego. Venti mistake": That was the message protesters had for former Starbucks CEO Howard Schultz as he returned to his hometown of Seattle after announcing that he's mulling an independent run for president...
You likely don’t know much about Howard Schultz’s politics, but you know his accomplishment. He built Starbucks into a ubiquitous brand. Can a billionaire barista also build a national political organization and make a serious run for president as an independent candidate?
Howard Schultz, the former Starbucks CEO who may run in 2020 as an independent candidate, criticized the progressive policies promoted by two of the most prominent 2020 Democratic contenders Sens. Elizabeth Warren and Kamala Harris.
NEW YORK (AP) — Some of the most influential forces in Democratic politics revolted Monday against former Starbucks CEO Howard Schultz's prospective presidential bid, insisting that an independent run would unintentionally help President Donald Trump win another four years in office...
SEATTLE (AP) — For a businessman who grew a small coffee roaster into an inescapable global chain, who ensured that even his part-time workers had benefits and who has given about $150,000 to Democratic campaigns, former Starbucks Chairman Howard Schultz is generating tepid — or even hostile — responses within the party as he weighs a presidential bid in 2020...
MILAN (AP) — Will the country that gave us espresso embrace the company that gave us grande Frappucinos...
NEW YORK (AP) — Starbucks Corp.'s Howard Schultz is stepping down as executive chairman of the coffee company he helped transform into a global brand, and says public service may be in his future...
NEW YORK (AP) — Starbucks, mocked three years ago for suggesting employees discuss racial issues with customers, asked workers Tuesday to talk about race with each other...
SEATTLE (AP) — Starbucks chairman Howard Schultz says the events surrounding a white nationalist rally in Charlottesville, Virginia, last weekend have put the "moral fiber" of the country in question...