Starbucks

Starbucks Forecasts Over $2bn Drop In Quarterly Income As COVID-19 Hits

Starbucks Corp said it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the year even as near...

Starbucks Same Store Sales In China To Fall By About 50% In Q2

Starbucks Corp has said it expects China sales in stores open for at least a year to fall by about 50% in the quarter ending March due to the coronavirus o...

Nestlé And Starbucks Expect Coffee Alliance To Boost Growth

Nestlé and Starbucks expect new products developed under their coffee alliance will help to increase sales, executives from the two companies told R...

Starbucks Eyes Plant-Based Food, Reusable Packaging In Latest Sustainability Push

Starbucks Corp aims to add more plant-based food and drinks to its menu, make its packaging reusable and invest in better waste-management, CEO Kevin Johns...

Starbucks Earnings Heat Up On China Expansion, Digital And Cold Brews

Starbucks Corp beat Wall Street sales and revenue estimates driven by new stores, digital ordering and delivery in China, and cold drinks in the Unite...

EU Court Rejects EU Order To Starbucks To Pay Dutch Back Taxes

Starbucks won its fight on Tuesday against an EU demand to pay up to €30 million ($33 million) in back taxes to the Netherlands. The case was...

Starbucks Sees Slower Profit Growth In 2020

Starbucks Corp said on Wednesday it expects 2020 adjusted profit growth to be lower than 2019 as it factors in the impact of a one-time tax benefit that ha...