Latest Starbucks Corp News
US consumer sentiment drops to 6-month low on inflation, unemployment fears
WASHINGTON (AP) — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. The University of Michigan’s consumer sentiment index, released Friday...
Salad chain says a cleaner farming method will offset adding steak to its menu. What is it?
Salad chain Sweetgreen is adding steak to its menu, an announcement that led to strong reactions online, with customers questioning how that would impact the company’s carbon neutral plans. Founded in 2007 and known as a fast-casual spot serving salads and bowls, Sweetgreen says...
Shopify's shares tumble on weak outlook after a very strong start to 2024
Shares of Shopify plunged Wednesday after the Canadian company that helps retailers with online sales warned of easing revenue growth and thinner margins in the current quarter. That caught a lot of investors off guard after the company rebounded strongly from the pandemic and...
Former Starbucks CEO Schultz says company needs to refocus on coffee as sales struggle
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks...
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand. But the company's shares fell more than 15% in after-hours trading Wednesday as investors appeared concerned about rising costs. ...
Amazon, Pinterest rise; Starbucks, CVS Health fall, Wednesday, 5/1/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Amazon.com Inc., up $4 to $179. The e-commerce giant beat Wall Street's first-quarter earnings and revenue forecasts. Advanced Micro Devices Inc., down $14.11 to...
No need to guess: Mom knows best what she wants for Mother's Day
NEW YORK (AP) — Not all moms are the same. They like and do different things. Some, gasp, don't love the idea of flowers and chocolates for Mother's Day. Consider these alternative gifts, many based on testimonials from actual moms. PAMPER, PAMPER, PAMPER ...
Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2
Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the world. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.56 billion. That was far short of Wall...
Starbucks: Fiscal Q2 Earnings Snapshot
SEATTLE (AP) — SEATTLE (AP) — Starbucks Corp. (SBUX) on Tuesday reported fiscal second-quarter profit of $772.4 million. The Seattle-based company said it had net income of 68 cents per share. The results fell short of Wall Street expectations. The average estimate...
Starbucks appears likely to win Supreme Court dispute with federal labor agency
The U.S. Supreme Court appeared to side with Starbucks Tuesday in a case that could make it harder for the federal government to seek injunctions when it suspects a company of interfering in unionization campaigns. Justices noted during oral arguments that Congress requires the...
