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Starbucks' overall revenue is up 11% to nearly $9.4 billion, higher than the $9.28 billion expected from Wall Street, while adjusted earnings per share came in at $1.06, which also beat estimates ...
Starbucks said its revenue rose 8% to a record $9.43 billion for the October-December period. Starbucks CEO Laxman Narasimhan said there were pockets of good news in the fiscal first quarter.
In March 2016, Starbucks unveiled a five-year plan to donate 100 percent of unsold food from its 7,600 company-operated stores in the U.S. to local food banks and pantries. [346] Perishable food will be transported in refrigerated trucks to area food banks through the company's partnerships with the Food Donation Connection and Feeding America.
Starbucks reported record revenue in its fiscal third quarter as its China business roared back to life. Starbucks shares were down 1% in after-market trading Tuesday. Same-store sales — or ...
Starbucks’ revenue fell 1% in the April-June period as customer traffic weakened in the U.S. and China. But the Seattle coffee giant expressed optimism Tuesday that successful new products and improvements in efficiency — including faster drive-thru service and better equipment — will help turn things around in its next fiscal year, which begins later this fall.
In October 2012, Starbucks faced criticism after a Reuters investigation found that the company reportedly paid only £8.6 million in corporation tax in the UK over 14 years, despite generating over £3 billion in sales—this included no tax payments on £1.3 billion of sales in the three years prior to 2012.
The first Starbucks Reserve roastery opened in December 2014 in the Capitol Hill neighborhood of Seattle. [2] It has 15,000 square feet (1,400 m 2) and is rumored to have cost about $20 million. The roastery includes a split-flap display, a departure board style common in 20th century railway stations.
Starbucks recently released its fiscal 2024's second-quarter earnings report, in which the beverage retailer generated $8.6 billion in revenue. That marked a 2% year-over-year decline, partly ...