Starbucks Corporation (SBUX)
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]
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 StatementsAnalyst 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.
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.
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.
Starbucks ditches its Odyssey NFT program
Starbucks launched Starbucks Odyssey in 2022 as its initial foray into the web3 world.
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...
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...
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...
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...
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...
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.
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...
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.
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...
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...
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.
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...
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...
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.
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.
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...
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...
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...
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...
Starbucks to hike wages for unionized workers
CNBC's Sara Eisen reports on the latest news from Starbucks.
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.