Starbucks Corporation (SBUX)

NASDAQ: SBUX · IEX Real-Time Price · USD
91.01
+0.89 (0.99%)
Mar 18, 2024, 4:00 PM EDT - Market closed
0.99%
Market Cap 102.04B
Revenue (ttm) 36.69B
Net Income (ttm) 4.29B
Shares Out 1.13B
EPS (ttm) 3.74
PE Ratio 24.33
Forward PE 21.10
Dividend $2.28 (2.51%)
Ex-Dividend Date Feb 8, 2024
Volume 7,177,810
Open 90.75
Previous Close 90.12
Day's Range 90.53 - 91.43
52-Week Range 89.21 - 115.48
Beta 0.98
Analysts Buy
Price Target 113.60 (+24.82%)
Earnings Date Apr 30, 2024

About SBUX

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The ... [Read more]

Industry Restaurants
IPO Date Jun 26, 1992
Employees 381,000
Stock Exchange NASDAQ
Ticker Symbol SBUX
Full Company Profile

Financial Performance

In 2023, Starbucks's revenue was $35.98 billion, an increase of 11.55% compared to the previous year's $32.25 billion. Earnings were $4.12 billion, an increase of 25.69%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for SBUX stock is "Buy." The 12-month stock price forecast is $113.6, which is an increase of 24.82% from the latest price.

Price Target
$113.6
(24.82% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Starbucks re-aligns top leadership roles splitting US and international CEOs

Starbucks in adding two additional CEOs, splitting up the North American and international regions as part of a realignment in its global leadership structure.

5 hours ago - Fox Business

Starbucks names executives for newly created global leaderships roles

Starbucks announced a new global leadership structure on Monday, appointing Michael Conway as CEO of the North America region and Brady Brewer as the CEO of Starbucks International.

8 hours ago - Reuters

Starbucks ditches its Odyssey NFT program

Starbucks launched Starbucks Odyssey in 2022 as its initial foray into the web3 world.

3 days ago - TechCrunch

Food analyst explains ‘momentum' behind fast-casual dining stocks

As consumers become increasingly cost-conscious and look to limit their spending on dining out, fast-casual dining chains like Chipotle (CMG) continue to record robust performance. Citi Director and R...

Other symbols: CAVAPZZASGYUM
4 days ago - Yahoo Finance

The Stock Market Is Already Way Up. 8 Stocks That Can Still Outperform.

Finding promising stocks is harder, given that the S&P 500 has risen by about one-third over 12 months.

Other symbols: AMTDRIINCYPEPPGTYLV
7 days ago - Barrons

Arjuna Capital's racial and gender pay scorecard: Starbucks and Target get perfect scores

Natasha Lamb, Arjuna Capital CIO, joins 'Money Movers' to discuss how the company collects its data for its racial and gender pay scorecard, whether pay equality measures are a function of how many se...

Other symbols: TGT
7 days ago - CNBC Television

How Starbucks turned fast coffee into a $36 billion business

With over 35,000 stores in 80 different countries, Starbucks (SBUX) has created a perception of being an affordable luxury for the past 40 years. In 2023 alone the coffee chain generated almost $36 bi...

9 days ago - Yahoo Finance

First Starbucks location in Toronto votes to join the Steelworkers union

TORONTO--(BUSINESS WIRE)--Toronto just got its first unionized Starbucks location. During a vote that occurred between March 6 and 7, Partners at the Pape and Danforth locations said yes to joining th...

10 days ago - Business Wire

Labor unions end proxy fight at Starbucks after uproar over anti-Israel tweet

The feud began with a pro-Palestinian social media post from a union account shortly after the Israel-Hamas conflict escalated in October, angering customers and damaging Starbucks' reputation, the co...

12 days ago - New York Post

Unions drop activist campaign against Starbucks

CNBC's Kate Rogers on the SOC withdrawing its director nominees to the Starbucks Board of Directors ahead of its annual meeting next week, ending a potential proxy showdown.

13 days ago - CNBC Television

Starbucks Union Backs Down From Boardroom Fight, Citing Progress

The coalition of unions representing unionized Starbucks Corp. (SBUX) workers ended its boardroom fight with the company Tuesday, saying it was withdrawing its board nominations amid progress in negot...

13 days ago - Investopedia

Middle East Starbucks franchisee fires 2K workers amid Israel-Hamas war boycotts

ince the beginning of the war on Oct. 7, Starbucks has found itself alongside other Western brands targeted by pro-Palestinian activists over the war.

13 days ago - New York Post

Labor Group Drops Campaign For Starbucks Board Of Directors As Company Makes Progress With Union

A coalition of labor groups has ended its proxy campaign to nominate three people for Starbucks' board of directors amid tense labor negotiations at some Starbucks stores, after the company reported s...

13 days ago - Forbes

Strategic Organizing Center Issues Statement on Starbucks

WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today issued the following statement: Th...

13 days ago - Business Wire

Labor unions end proxy fight at Starbucks after bargaining progress

The two sides agreed last week to work toward a "foundational framework" on collective bargaining.

13 days ago - CNBC

Exclusive: Labor unions end Starbucks boardroom fight after progress on bargaining

A coalition of labor unions is ending its boardroom fight at Starbucks after the coffee chain last week agreed to work toward reaching labor agreements, two sources familiar with the matter told Reute...

13 days ago - Reuters

Exclusive: Starbucks Middle East franchisee AlShaya to cut over 2,000 jobs, sources say

Gulf retail giant AlShaya Group, which owns the rights to operate Starbucks in the Middle East, plans to lay off over 2,000 people as the business takes a hit from consumer boycotts linked to the Gaza...

13 days ago - Reuters

Starbucks founder Howard Schultz says company is at an 'inflection point'

Starbucks' founder posted a letter he wrote to the company's leadership team about its future.  Howard Schultz said Starbucks is at an "inflection point" and has an opportunity for a "reset.

17 days ago - Business Insider

Starbucks' Board Garners Support From Proxy Advisors

Glass Lewis and ISS are siding with the coffee chain's board ahead of a union-led proxy vote later this month.

17 days ago - Barrons

Glass Lewis Recommends Shareholders Vote FOR ONLY each of the Starbucks Director Nominees

SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (Nasdaq: SBUX) today announced that proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) has recommended that Starbucks shareholders vote on the WHITE...

17 days ago - Business Wire

Strategic Organizing Center Issues Statement on ISS Recommendation

WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today commented on the recent report pub...

18 days ago - Business Wire

Leading Proxy Advisor ISS Recommends Shareholders Vote FOR ONLY the Starbucks Director Nominees

SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (Nasdaq: SBUX) today announced that leading proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Starbucks shareholders v...

18 days ago - Business Wire

Proxy advisor ISS backs Starbucks in board challenge from labor group

Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp , recommending investors elect all of management's directors in a board fight over worker...

18 days ago - Reuters

Starbucks to hike wages for unionized workers

CNBC's Sara Eisen reports on the latest news from Starbucks.

19 days ago - CNBC Television

Starbucks and Union Agree to Work Out Framework for Contract Talks

In an initial move, the coffeehouse chain said Workers United members would get improved benefits that other employees received in 2022.

20 days ago - NYTimes