Latest Starbucks Corp News
Space Rabbit Coffee hops into changing part of Christiansburg
CHRISTIANSBURG, Va. (AP) — Lindsey and Tanner Ratcliffe noticed during their time living out West that coffee shops with only a drive-thru are quite common in that part of the country. So when the time came to open their own business, the couple already had a good idea of what they...
Ruth's Hospitality, Kraft Heinz rise; Estee Lauder, AMD fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: CVS Health Corp., down $2.68 to $70.08. The health care giant cut its 2023 projections after closing a pair of multi-billion dollar deals that push it deeper into providing care....
Starbucks beats sales forecasts as China recovers
Starbucks posted stronger-than-expected sales in its fiscal second quarter as demand in China began to recover, but the company said that sales growth could moderate as the year progresses. The Seattle coffee giant said Tuesday that its net revenue jumped 14% in the January-March...
Starbucks: Fiscal Q2 Earnings Snapshot
SEATTLE (AP) — SEATTLE (AP) — Starbucks Corp. (SBUX) on Tuesday reported fiscal second-quarter profit of $908.3 million. The Seattle-based company said it had net income of 79 cents per share. Earnings, adjusted for non-recurring gains, were 74 cents per share. The...
Revlon emerges from bankruptcy with new board and new owners
NEW YORK (AP) — Less than a year after filing for chapter 11, Revlon emerged from bankruptcy protection Tuesday as a privately held company with new owners, reduced debt and a new board. “Today marks an important moment in Revlon's history and evolution,” said Debra Perelman,...
Man gets 10 months in prison for Black Lives Matter threats
DETROIT (AP) — A judge sentenced a Michigan man to 10 months in prison Wednesday after he pleaded guilty to two hate crime charges for intimidating and attempting to intimidate people protesting in support of Black Lives Matter. U.S. District Judge Thomas Ludington also sentenced...
Ben & Jerry's supports Vermont workers' unionization drive
BURLINGTON, Vt. (AP) — Global ice cream maker Ben & Jerry’s said Tuesday it supports a plan to unionize by the workers at a retail shop in the same city where the brand, known as much for its social activism as its products, was founded. Ben & Jerry's said, in a...
Today in History: April 12, Civil War begins
Today in History Today is Wednesday, April 12, the 102nd day of 2023. There are 263 days left in the year. Today’s Highlight in History: On April 12, 1861, the Civil War began as Confederate forces opened fire on Fort Sumter in South Carolina. ...
Starbucks fires Buffalo worker active in unionization effort
Starbucks has fired one of the workers who helped kick off a unionization effort at the company. Lexi Rizzo, an eight-year Starbucks employee and shift supervisor, was fired from her store in Buffalo, New York, on Friday. Starbucks Workers United, the union organizing Starbucks’...
New Starbucks CEO plans to work in stores monthly
Starbucks’ new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to its culture and customers. Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks’ employees...
