Starbucks Corporation (SBUX)

NASDAQ: SBUX · IEX Real-Time Price · USD
92.46
-0.70 (-0.75%)
At close: Mar 4, 2024, 4:00 PM
92.40
-0.06 (-0.06%)
After-hours: Mar 4, 2024, 7:41 PM EST
-0.75%
Market Cap 105.48B
Revenue (ttm) 36.69B
Net Income (ttm) 4.29B
Shares Out 1.13B
EPS (ttm) 3.74
PE Ratio 24.72
Forward PE 21.42
Dividend $2.28 (2.47%)
Ex-Dividend Date Feb 8, 2024
Volume 7,320,990
Open 93.06
Previous Close 93.16
Day's Range 92.04 - 93.32
52-Week Range 89.21 - 115.48
Beta 0.99
Analysts Buy
Price Target 113.65 (+22.92%)
Earnings Date Jan 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 $113.65, which is an increase of 22.92% from the latest price.

Price Target
$113.65
(22.92% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

3 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.

3 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...

3 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...

4 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...

4 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...

4 days ago - Reuters

Starbucks to hike wages for unionized workers

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

5 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.

6 days ago - NYTimes

Starbucks, Workers United union say they'll restart labor talks

Starbucks and the union organizing its U.S. workers said Tuesday that they have agreed to begin talks with the aim of reaching labor agreements.

6 days ago - Market Watch

Starbucks, Union Agree On ‘Path Forward' To Work Together

Both sides said they had reached a breakthrough after two years of organizing and bargaining battles.

6 days ago - Huffington Post

Starbucks and workers' union agree to talks in breakthrough for both sides

Joint statement announces agreement to work toward labor agreements on ‘constructive path forward'

6 days ago - The Guardian

Starbucks to hike wages for union workers as it thaws relationship with Workers United

Starbucks workers at unionized cafes will receive the pay hikes that their non-union coworkers first collected in May 2022.

6 days ago - CNBC

Twenty-five US universities face calls to cancel Starbucks contracts

Student organizers, faculty and workers protest against coffee company's response to union organizing efforts

12 days ago - The Guardian

Starbucks introduces new pork-flavored latte

Starbucks is offering a new pork-flavored latte to mark the Lunar New Year in China, which features the savory ingredient both as a sauce and a garnish.

13 days ago - Fox Business

Labor coalition accuses Starbucks of ‘flawed' union strategy

CNBC's Kate Rogers joins 'Squawk Box' to discuss a labor coalition's proxy fight with coffee giant Starbucks ahead of its annual meeting in March. The group argues Starbucks' Board of Directors mishan...

13 days ago - CNBC Television

Starbucks accused of risking shareholder value: find out more

Starbucks Corp (NASDAQ: SBUX) opened slightly in the red this morning after a coalition of unions accused it of a “flawed human capital management strategy”. SOC blasts $SBUX for aggression against un...

13 days ago - Invezz

Strategic Organizing Center Releases Investor Presentation Highlighting Why Board Change is Needed Now in Order to Brew a Better Starbucks

WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today announced the release of an invest...

13 days ago - Business Wire

Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value

The SOC is pushing to replace three members of the Starbucks board, claiming the reputational risk of the union fight has hurt shareholder value.

13 days ago - CNBC

21 Starbucks Stores Plan To Form Unions In 1-Day Blitz

The union Workers United has organized roughly 400 stores, but is locked in a bitter bargaining fight with the coffee chain.

13 days ago - Huffington Post

Labor Group Alleges Starbucks Not Disclosing Costs Of ‘Anti-Union' Behavior To Shareholders

A coalition of labor groups sent a letter to the Securities and Exchange Commission (SEC) Friday, claiming that Starbucks has failed to disclose to shareholders $240 million in costs and liabilities f...

17 days ago - Forbes

Starbucks unveils new store design

CNBC's Kate Rogers joins 'Squawk on the Street' to report on Starbucks as the coffee giant has unveiled a new store design focused on accessibility and inclusion.

17 days ago - CNBC Television

Starbucks says it will revamp coffee shops the US to be more ‘inclusive'

Countertops are also lower with overhangs, making them more accessible for wheelchair users or customers with service dogs -- part of what Starbucks calls its Inclusive Spaces Framework.

17 days ago - New York Post

Anti-union efforts to cost Starbucks at least $240 mln, labor group tells SEC

A Starbucks labor group on Friday sent a letter to the U.S. Securities and Exchange Commission (SEC), calling on the company to disclose costs arising from anti-union campaigns, which the alliance est...

17 days ago - Reuters

Strategic Organizing Center Submits Letter to SEC Calling on Starbucks to Properly Disclose True Cost of Anti-Union Campaign

WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today submitted a letter to the United S...

17 days ago - Business Wire

Starbucks has a new accessible store design. Take a look inside

Changes include tweaks to the cafe's lighting and acoustics, as well as lower counters.

17 days ago - CNBC