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Starbucks (NASDAQ: SBUX) Q4 2024 Earnings Call ... and partner turnover is at another low. Our efforts to get partners, the hours and schedules they want are working.
Starbucks on Tuesday reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to deliver results.. The Seattle coffee giant said its revenue was flat ...
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 ...
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.
The longest Starbucks union strike lasted 64 days, beginning on July 11, 2022, and ending on September 15, 2022, at the 874 Commonwealth Avenue location in Brookline, Massachusetts, USA. This particular strike was sparked by a new policy that would require workers to adjust their schedules to meet a minimum availability of hours. [60]
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]
The massive stock market gains of the past two years — the S&P gained roughly 20% in 2023 and is set to gain more than that by the end of 2024 — also pose challenges to US companies. Benchmark ...
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.