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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 ...
To round out the updates, 300-star customers can get a packaged salad, lunch sandwich, or protein box. The 300-star tier will also include packaged coffee (a bag of whole beans to make at home ...
It's day 51 for Starbucks CEO Brian Niccol, and he's knee-deep in tackling the biggest problems facing baristas, customers, and investors. High prices, an overly complex menu, and speed of service ...
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]
On the day of the announcement, shares of Starbucks gained 24.5%. [36] Niccol received a starting salary of $1.6 million and a $10 million starting bonus. [ 37 ] He will also receive an additional $75 million in equity grants which are designed to pay out over time and an annual cash incentive opportunity at a target of 225 per cent of his base ...
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 regards to Q4, our Q4 consolidated revenue was $9.1 billion, down 3% from the prior year, driven by a 7% decline in comparable store sales, consisting of an 8% decrease in transactions and a 2% ...