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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 ...
This is Starbucks' first quarterly sales decline since 2020, when COVID shutdowns roiled the industry. Revenue for the second quarter dropped 2% year over year to $8.6 billion.
Starbucks is the world's predominant multinational coffeehouse chain, selling specialty coffee, beverages, and assorted food in nearly 34,000 stores across 83 markets. [3] [4] The company is worth $100 billion as of 2021. [5]
[1] Under Johnson, Starbucks shares had risen 79% by August 2019, and Johnson pledged to return $25 billion to shareholders by 2020. [40] Johnson supports raising the federal minimum wage, [41] announcing in 2021 that the company would mark its 50th anniversary in 2022 by increasing wages to a minimum of $15 per hour for all U.S. employees. [42]
Starbucks said the layoffs will come from corporate support staff, but it won’t say how many people work in those roles. The company employs a total of 361,000 people worldwide.
Petition date Vote count date Result Elmwood Village (Elmwood Avenue) Buffalo: New York: August 30, 2021 [5] [6] December 9, 2021 [7] For union [2] Genesee Street: Buffalo (Cheektowaga) New York: August 30, 2021 [5] December 9, 2021 [7] For union [8] Camp Road: Buffalo (Hamburg) New York: August 30, 2021 [5] December 9, 2021 [7] Against union ...
Also last week, coffee chain Dutch Bros named Christine Barone, who has served as president of the company since February 2023, to replace Joth Ricci as CEO. Both leadership changes are effective ...