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Starbucks shares trade on a trailing 12-month price-to-sales ratio of 3 times, below that of fellow coffee purveyors McDonald's , at 8 times, and Dutch Bros , at 3.7 times, according to Yahoo ...
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. [73] In October 2023, the operator of all of the Starbucks locations in Brazil, SouthRock Capital, declared itself bankrupt.
For the fiscal year ended Oct. 1, 2023, Starbucks saw record-setting consolidated net revenue of $36 billion. Earnings per share and comparable-store sales posted significant gains from the prior ...
As of Sept. 29, Starbucks had 40,199 stores scattered across the world, up 29% compared to just five years ago. During the announcement of a strategic plan in November 2023, executives set an ...
Laxman Narasimhan (born 15 May 1967) [1] is an Indian-born American business executive and former chief executive officer (CEO) of Starbucks and Reckitt. He was previously chief commercial officer (CCO) of PepsiCo. He joined Starbucks as interim CEO in October 2022, and succeeded Howard Schultz as CEO in April 2023.
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 ...
Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the 2017 purchase of American fast-food chain Popeyes.