Starbucks

Starbucks Corp Says Sales Drop In China Impacted Profits

Starbucks' quarterly sales decline in China was four times worse than the coffee chain expected and it has no "line of sight" into when business...

Starbucks To Expand US Delivery Via DoorDash Nationwide By March

Starbucks has expanded its U.S. partnership with DoorDash Inc, betting that its customers will still be willing to pay more to have their high-end drinks d...

Starbucks Projects Profit Growth From Tech, Stores, Workers Spending

Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance.

Former Reckitt Boss Narasimhan Named New Starbucks CEO

Laxman Narasimhan may have no experience of running coffee shops, but the outgoing CEO of British packaged goods group Reckitt will bring insight into the...

Starbucks Beats Profit Estimates Despite Hit To China Business

Starbucks Corp has beaten quarterly profit estimates as higher prices and strong demand for its coffees in the United States helped offset a hit to busines...

Starbucks' Schultz To Remain Interim CEO Until March 2023

Starbucks Corp has said that Howard Schultz will remain the coffee chain's interim chief executive officer until the end of March 2023, as it looks for a p...

Starbucks To Exit Russia After Nearly 15 Years

Starbucks Corp has announced plans to exit the Russian market after nearly 15 years as the coffee chain joins McDonald's Corp in marking the end of the pre...

Starbucks’ Schultz Returns, Announces Halt To Stock Repurchasing Programme

Starbucks Corp's longtime former chief executive Howard Schultz has announced the suspension of the company's stock repurchasing program, as he returns thi...