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On its earnings call, Starbucks said that staffing and scheduling would be “areas of focus” next year, when the company plans to increase its store count by 4% in the U.S. to about 17,000 stores.
Starbucks' same-store sales — or sales at locations open at least a year — fell 4% compared to the same period last year. The decline was less than the 5.5% analysts anticipated, according to ...
The news followed Starbucks’s blowout earnings, where the company saw quarterly sales jump 11.4% to $9.37 billion and adjusted earnings of $1.06 per share (handily beating analyst estimates of ...
As of August 2023, over 8,900 workers at 356 Starbucks stores in the United States had voted to unionize, the vast majority under Starbucks Workers United. [ 31 ] [ 53 ] In September 2023, an NLRB judge found that Starbucks had violated labor law when it had announced pay raises only for non-union employees.
In June 2023, Starbucks was ordered to pay $25 million in punitive damages and $600,000 compensatory damages to a former regional manager. The court found that Starbucks fired her in 2018 because she was white. [74] In October 2023, the operator of all of the Starbucks locations in Brazil, SouthRock Capital, declared itself bankrupt.
Media also credited Johnson with a 15% stock value increase between 2017 and November 2018, noted as "not far from an all-time high." [31] [1] In 2017, advocates petitioned him to include baristas in Starbucks paid parental leave policy, [32] [13] and Johnson announced an expanded policy in 2018. [24]
During the first quarter of 2025, Starbucks reported several critical developments. EPS was $0.69. Although revenue matched last year's $9.4 billion, it slightly exceeded expectations by $82 million.
Tata Starbucks opened 40 new stores in 2020–21, including expanding to 7 new cities, [37] and the company opened 50 new stores in 2021–22, [38] including expanding to 8 new cities. [39] In 2023, the company launched an advertisement campaign called #ItStartsWithYourName, featuring the transgender model and actress Siya Malasi. [40]