News
SBUX
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Analysts Conflicted on These Consumer Cyclical Names: Revolve Group (RVLV), Boyd Gaming (BYD) and Starbucks (SBUX)
TipRanks · 3h ago
Starbucks (SBUX) Receives a Hold from Stifel Nicolaus
TipRanks · 3h ago
Starbucks (SBUX) Gears Up for Q2 Earnings: What's in Store?
NASDAQ · 3h ago
UPDATE 2-LVMH-backed firm buys into Italy's KIKO in $1.5 bln make-up deal
LVMH-backed buyout firm L Catterton buys majority stake in Italy's KIKO Milano in $1.5 bln make-up deal. The company is buying the stake from Italy's Percassi family, one of the world's biggest privately-owned cosmetics brands. The global beauty products market is expected to grow to $128 billion by 2032.
Reuters · 5h ago
UPDATE 1-L Catterton buys Italian accessible make-up brand KIKO
Buyout firm L Catterton buys majority stake in family-owned Italian accessible make-up brand KIKO Milano. The Italian company is valued at around 1.4 billion euros, a source says. KIKo Milano founded in 1997 by Italy's Percassi family is one of world's biggest privately-owned brands.
Reuters · 5h ago
Hold Rating on Starbucks Amid Q2 Sales Concerns and Uncertain Fiscal 2024 Outlook
TipRanks · 9h ago
FACTBOX-Major cases before the US Supreme Court this term
U.S. Supreme Court's current term features major cases involving former President Donald Trump. The justices heard arguments in his claim of immunity from prosecution. The court has also heard arguments over the abortion pill, gun rights and other issues. The high court has issued several rulings in major cases already this term.
Reuters · 22h ago
Countdown to Starbucks (SBUX) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
NASDAQ · 1d ago
CMG Earnings: Solid Q1 Beat and Strong Outlook Lift Stock
Chipotle Mexican Grill (NYSE:CMG) delivered better-than-expected Q1 financial results. The company raised its full-year comparable restaurant sales outlook. CMG stock gained 3.05% in Wednesday's after-hours trading. Chipotle stock has gained 27.5% year-to-date.
TipRanks · 1d ago
Delta Air Lines: Positives Outweigh The Risks
Delta Air Lines has seen a robust price rise year-to-date after a 22% price rise in 2023. The company has seen healthy revenue growth and profits, but there are risks ahead. The travel industry recovery, higher interest rates and higher costs due to labor action are positives for Delta.
Seeking Alpha · 1d ago
UPDATE 1-Starbucks loses appeal over union election at Seattle store
U.S. Appeals court rejects Starbucks' appeal over union election at Seattle store. Starbucks said vote to unionize was invalid because it was held via mail ballot during a pandemic. The company is facing a union organizing campaign. Workers at the flagship Seattle store voted 38-27 to unionise.
Reuters · 1d ago
Starbucks Bargaining Committees And Workers United Set To Resume In-Person Contract Negotiations This Week
Benzinga · 1d ago
STARBUCKS SAYS THIS WEEK, BARGAINING COMMITTEES FOR STARBUCKS AND WORKERS UNITED WILL MEET IN-PERSON TO RESUME CONTRACT NEGOTIATIONS
Reuters · 1d ago
Caffeine jolts: Coffee shop growth in China sizzles while a bubble tea IPO goes flat
Number of coffee outlets in China rose 58% year-over-year to almost 50K last year. China passed the United States as the country with the most branded coffee shops in the world. The demand for coffee in China is the fastest growing market in East Asia. Outside the coffee market, a bubble tea IPO in Hong Kong tumbled 40% this week.
Seeking Alpha · 1d ago
Justices Lean Towards Starbucks In Labor Dispute: Report
U.S. Supreme Court justices reportedly signaled support for Starbucks Corp. In legal battle over rehiring seven workers at a Memphis cafe. The workers were terminated as they pursued unionization, a move contested by the coffee chain. The justices heard arguments in Starbucks' appeal against a lower court's ruling.
Benzinga · 2d ago
Doubling Down On Telus In Smith Maneuver - March 2024 Dividend Income Report
The Dividend Guy is doubling down on Telus (TU, T.TO) in his Smith Manoeuvre portfolio. The goal of this portfolio is to make plays on higher yielding stocks. Since September 2017, he has invested 100% of his pension money in dividend growth stocks. The portfolio has returned 125% since inception.
Seeking Alpha · 2d ago
3 Underperforming U.S. Stocks With Big China Upside
NASDAQ · 2d ago
PRESS DIGEST - Wall Street Journal - April 24
Starbucks asks the Supreme Court to limit the National Labor Relations Board. Oracle unveils plans to move its headquarters to Nashville, Tennessee. IBM completes acquisition of cloud-software provider HashiCorp. Google says it will no longer be able to eliminate cookies on its original timeline.
Reuters · 2d ago
UPDATE 2-Profits for restaurant operator Alsea slide by a third, missing expectations
Profits for restaurant operator Alsea slide by a third, missing expectations. Foreign exchange swings and weaker consumption in some of its markets hit first-quarter profit. Alsea operates chain restaurants and cafes including Starbucks, Burger King and Domino's. The company also reported a 3% rise in quarterly revenue to $24.3 million.
Reuters · 2d ago
UPDATE 1-Restaurant operator Alsea posts 34% profit dip, missing expectations
Restaurant operator Alsea posts 34% fall in first-quarter profit. Net profit for January-to-March period falls to 404.1 million pesos, missing expectations. Alsea also reports 3% rise in quarterly revenue to 18.2 billion pesos. The company operates chain restaurants and cafes including Starbucks and Burger King.
Reuters · 2d ago
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About SBUX
Starbucks Corporations is a coffee company, which roasts, markets and retails specialty coffee in the world. The Company operates in 86 markets and has approximately 38,000 stores worldwide. It has three segments: North America, International and Channel Development. North America segment includes the United States and Canada. International segment includes China, Japan, Asia Pacific, Europe, Middle East and Africa, Latin America and Caribbean. North America and International segments include both the Company-operated and licensed stores. Channel Development segment includes roasted whole bean and ground coffees, Starbucks- and Teavana-branded single-serve products, a variety of ready-to-drink beverages, such as Frappuccino and Starbucks Doubleshot, foodservice products and other branded products sold worldwide outside the Company-operated and licensed stores. A large portion of its Channel Development business operates under a licensed model of the Global Coffee Alliance with Nestle.