tldrdailynews.com logo
Tag

Starbucks

All articles tagged with #starbucks

Starbucks union pushes for new contract with wage hikes, protections
business28 days ago

Starbucks union pushes for new contract with wage hikes, protections

Starbucks Workers United submitted a comprehensive contract proposal seeking a $17 starting wage, 4% annual raises, and staffing-and-protections measures for baristas, as negotiations resume with in-person bargaining planned for March 30 after stalled talks and holiday strikes; the union represents about 6% of company-owned U.S. locations and the outcome could influence Starbucks's turnaround and shareholder concerns ahead of the March 25 annual meeting.

via CNBC|
#business#contract-negotiations#labor-relations
RFK Jr. demands safety data on sugary coffee drinks from Dunkin’ and Starbucks
politics1 month ago

RFK Jr. demands safety data on sugary coffee drinks from Dunkin’ and Starbucks

RFK Jr., the HHS secretary in the piece, urged Dunkin’ and Starbucks to prove their sugary beverages are safe, pointing to a 115-gram iced coffee as potentially unsafe for teens; Massachusetts Gov. Maura Healey playfully defended Dunkin’ online; HHS stressed the move is about transparent, science-based food safety. The episode ties to Kennedy’s broader push to reshape federal nutrition guidance toward “real food,” highlighting a January overhaul favoring protein and healthy fats over grains.

via USA Today|
#dietary-guidelines#dunkin#politics
Starbucks to open Nashville corporate office, moving Seattle supply-chain roles
business1 month ago

Starbucks to open Nashville corporate office, moving Seattle supply-chain roles

Starbucks will open a new corporate office in Nashville, Tennessee, relocating select Seattle supply-chain jobs as it expands its North American footprint; Seattle will remain the North America and Global Support HQ, with additional roles potentially shifting to Nashville over time. Seattle employees can relocate with support, and Tennessee officials welcome the investment as part of the company's regional growth strategy.

via KING5.com|
#business#corporate-relocation#nashville
Starbucks launches sweeping menu refresh with new bakery items and a free-coffee promo
business2 months ago

Starbucks launches sweeping menu refresh with new bakery items and a free-coffee promo

Starbucks is rolling out a broad, multinational menu refresh—including its biggest bakery overhaul to date, a new permanent coffee (1971 Roast), and new permanent matcha drinks—as part of CEO Brian Niccol’s growth-focused turnaround. The update follows a year of simplifying the menu and operations and expands offerings across food, brewed coffee, and drinks. It’s launched alongside a one-day free tall brewed coffee promotion for Starbucks Rewards members on Feb. 9 to preview a revamped loyalty program launching in March.

via Axios|
#bakery#beverages#business
Starbucks Stock Surges on Revenue Beat Amid Mixed Q1 2026 Earnings
market-news2 months ago

Starbucks Stock Surges on Revenue Beat Amid Mixed Q1 2026 Earnings

Starbucks posted mixed Fiscal Q1 2026 results: adjusted EPS of $0.56 missed the $0.59 consensus and was down 18.8% year over year, while revenue rose to $9.9 billion, topping estimates of $9.65 billion thanks to 4% growth in global comparable-store sales (U.S. +4%, international +5%). The stock jumped about 9.5% in premarket trading, with a 13.7% year-to-date gain but an 11.8% drop over the past year. For Fiscal 2026, Starbucks guided for at least 3% global and U.S. comp growth, similar revenue growth, a slight margin improvement, non-GAAP EPS of $2.15–$2.40, and ~600–650 new coffeehouses globally. Analysts’ consensus remains Moderate Buy with a target near $98, implying modest upside.

via TipRanks|
#earnings#guidance#market-news
Starbucks defies mixed results with revenue beat and store growth optimism
business2 months ago

Starbucks defies mixed results with revenue beat and store growth optimism

Starbucks posted mixed Q1 2026 results: adjusted EPS of $0.56, missing the $0.59 consensus and down about 18.8% year-over-year, while revenue rose to $9.9 billion vs $9.65 billion expected. Global comparable store sales grew 4% (U.S. +4%, international +5%), marking the first U.S. growth in two years. Shares climbed in pre-market trading, and management guided for fiscal 2026 with flat-to-improved margins and EPS of $2.15–$2.40, plus roughly 600–650 new stores. Analysts rate the stock as Moderate Buy with a target near $98.

via TipRanks|
#business#comparable-store-sales#earnings
Starbucks lifts cap on CEO's private-jet use amid security review
business2 months ago

Starbucks lifts cap on CEO's private-jet use amid security review

Starbucks has scrapped the $250,000 annual cap on CEO Brian Niccol's personal use of the company's private jet after a security review found increased risk and media attention, with all air travel now recommended for safety and the arrangement to be reviewed quarterly. An independent study recommended enhanced security measures, and Niccol's 2025 compensation was about $31 million, with roughly $1.1 million in security costs and about $997,000 tied to jet use for commuting and personal travel. The move comes as Starbucks reported US sales growth but weaker pre-tax profit due to labor investments and inflation pressures.

via BBC|
#brian-niccol#business#corporate-security
Starbucks rides momentum as sales rebound and Rewards hits a record
business2 months ago

Starbucks rides momentum as sales rebound and Rewards hits a record

Starbucks posted a second straight quarterly uptick in comparable-store sales, with North America up 4% and international up 5%, helped by a 3% rise in transactions and a 1% price increase. Total revenue rose 5.5% to $9.92 billion, but net income fell due to one-time costs and adjusted earnings per share missed expectations. The company also reported a record 35.5 million active Starbucks Rewards members, signaling the Back to Starbucks turnaround is taking hold and helping lift the stock despite the profit miss.

via MarketWatch|
#business#comparable-store-sales#earnings-results
Starbucks turns US sales growth corner as turnaround gains traction
business2 months ago

Starbucks turns US sales growth corner as turnaround gains traction

Starbucks reported a 4% rise in US same-store sales for the three months to December—the first increase in two years—as it pursues a 'Back to Starbucks' turnaround. Footfall rose 3% and average spend rose 1%, while revenue climbed 6% to $9.9bn but net profit fell 62% to $293.3m due to higher labour and input costs. The company plans to spend $500m this year to add staff, closed underperforming cafés, and opened a net 128 stores, as it refines its store experience ahead of investor day and reiterates a 3%+ comps target for the year.

via Financial Times|
#business#labor-costs#same-store-sales
Starbucks Turnaround Gains Momentum as Sales Rebound
business2 months ago

Starbucks Turnaround Gains Momentum as Sales Rebound

Starbucks posted a quarterly sales rebound that beat expectations, with U.S. same-store sales up 4% and global revenue up 5% to $9.9 billion, signaling the turnaround is ahead of schedule despite profit dropping more than 60% to $293 million as the company invested in store staffing. The results came as traffic and average spend rose, helped by selective store closures (more than 600) and international strength, particularly China (nearly 7% growth). Starbucks also disclosed a plan to sell up to 60% of its Chinese retail operations to Boyu Capital to form a joint venture operating about 8,000 stores. Shares rose in premarket trading.

via The New York Times|
#business#china#earnings
business2 months ago

Starbucks Q1 FY2026: Revenue Rises as Global Same-Store Sales Climb 4%

Starbucks reported Q1 FY2026 revenue of $9.9B (up 6% YoY) with GAAP EPS of $0.26 and non-GAAP EPS of $0.56; global comparable store sales rose 4% (NA/US +4%, International +5%, China +7%), and it issued FY2026 guidance for at least 3% global/comparable-store growth, non-GAAP EPS of $2.15–$2.40, and 600–650 net new stores. The company also announced a China joint venture with Boyu Capital (Starbucks retains 40%), appointed CTO Anand Varadarajan, plans Investor Day on Jan 29, 2026, and declared a $0.62 per-share dividend.

via Starbucks Investor Relations|
#business#guidance#q1-fy2026-results
Starbucks: traffic rebounds but earnings lag in Q1 2026, China JV on deck
business2 months ago

Starbucks: traffic rebounds but earnings lag in Q1 2026, China JV on deck

Starbucks posted a mixed Q1 2026: revenue rose to $9.92 billion and traffic grew for the first time in two years, with global same-store sales up 4% and traffic up 3%. Adjusted earnings per share were 56 cents, below the 59-cent consensus, while GAAP net income declined due to turnaround costs, higher coffee prices and tariffs. The company forecast fiscal 2026 adjusted EPS of $2.15–$2.40 and at least 3% global/U.S. same-store sales growth, plans 600–650 net new cafes, and announced a China joint venture with Boyu Capital expected to close in Q2 FY26. An investor day in New York will outline longer-term targets.

via CNBC|
#business#china#earnings
food-and-beverage3 months ago

Starbucks Launches New Winter and 2026 Menu Items Across Canada

Starbucks launches a winter menu featuring new protein drinks like Caramel Protein Matcha and Latte, limited-time Dubai Chocolate beverages, the return of pistachio-flavored drinks, new food items including truffle egg bites and Valentine Cake Pop, along with seasonal merchandise and special Reserve offerings in select locations.

via Starbucks|
#food-and-beverage#limited-edition-merchandise#new-drinks