Starbucks Corporation (SBUX)
| Market Cap | 99.92B |
| Revenue (ttm) | 36.69B |
| Net Income (ttm) | 4.29B |
| Shares Out | 1.13B |
| EPS (ttm) | 3.74 |
| PE Ratio | 23.60 |
| Forward PE | 20.65 |
| Dividend | $2.28 (2.58%) |
| Ex-Dividend Date | May 16, 2024 |
| Volume | 7,137,560 |
| Open | 87.40 |
| Previous Close | 87.84 |
| Day's Range | 87.37 - 89.25 |
| 52-Week Range | 84.29 - 115.48 |
| Beta | 0.97 |
| Analysts | Buy |
| Price Target | 108.14 (+22.54%) |
| 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 23 analysts, the average rating for SBUX stock is "Buy." The 12-month stock price forecast is $108.14, which is an increase of 22.54% from the latest price.
News
Starbucks and US workers' union meet for contract negotiations
Starbucks held contract negotiations with the Workers United union over a two-day session in Atlanta, both the parties said on Friday, with plans to meet again in late May.
Starbucks, Workers United made 'significant progress' in this week's contract talks
Starbucks and the union plan to meet again in late May to keep working on the framework that will inform every single-store contract.
NYC rule will slap sugar warning labels on food, drinks including Starbucks, Dunkin' specialties
Fast-food chains and coffee shops in New York City will have to slap a warning on menu boards and packaging to remind customers that sweets are terrible for their health.
Starbucks Loses Union Battle At Flagship Store Amid Ongoing Labor Fight
Starbucks lost a labor appeal on Wednesday, requiring the coffee giant to recognize a union at its flagship store in Seattle—the same day the company reportedly restarted union negotiations, and one d...
Starbucks loses appeal over union election at Seattle store
A U.S. appeals court on Wednesday rejected Starbucks' claims that an election won by a union at the coffee company's flagship Seattle store was invalid because it was held via mail ballot during the C...
Starbucks resumes bargaining with union after two sides thaw relationship
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.
5 Things to Know About First-Ever Starbucks Promises Day
SEATTLE--(BUSINESS WIRE)--At a global gathering of Starbucks partners in Seattle and around the world, Starbucks global chief executive officer Laxman Narasimhan announced five initiatives at the firs...
Supreme court appears to side with Starbucks in fight over fired employees
Coffee chain brings challenge after being told to rehire seven workers at Tennessee store who pursued effort to unionize
2 Wide-Moat Stocks Trading at Rare Discounts
#Morningstar #StarbucksStock #StockInvesting While growth in this industry slows, the prospects for these well-known brands look attractive. 00:00 Introduction 01:00 McDonald's MCD 01:32 Starbucks SB...
US Supreme Court examines firings of pro-union Starbucks workers
The U.S. Supreme Court on Tuesday steps into the contentious unionization drive at Starbucks as the coffee chain challenges a judicial order requiring it to rehire seven employees at a Tennessee cafe ...
UNLIMEAT Pulled Pork Wrap Now Available at All Starbucks Stores in HK
Starting April 16th, Starbucks launched UNLIMEAT pulled pork wrap as its newest plant-based option. UNLIMEAT's Starbucks collaboration is the most recent in a series of collaborations between UNLIMEA...
Starbucks Announces Q2 Fiscal Year 2024 Results Conference Call
SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2024 financial results after market close on Tuesday, April 30, 2024, with a conference c...
Starbucks Renovations Include Quieter Stores, More Drive-Thrus
Starbucks is rolling out new store design features as it adds locations and renovates existing ones. During the current fiscal year that ends in October, the company plans to add 650 stores and renova...
‘No way': US labor watchdog refuses to bow to SpaceX, Amazon and Starbucks
The NLRB general counsel has accused US's largest corporations of creating distractions to cover their law-breaking
Starbucks stock: A new low or a turning point?
If you're an investor in Starbucks Corporation (NASDAQ:SBUX) and have been disheartened by the stock's continuous decline, it's important to keep two things in mind. First, Starbucks has a long-term t...
SBUX, ALL, NEE: Recession Outlook for the Rest of the Year
The March jobs report will be released tomorrow. Burns McKinney discusses this as manufacturing payrolls are estimated at 5K versus a prior -4K.
Starbucks, Luckin stocks stung as robusta coffee price hits ATH
Starbucks (NASDAQ: SBUX) and Luckin Coffee stock prices have come under intense pressure this year amid rising robusta coffee prices and demand. SBUX shares crashed to a low of $88.50 on Thursday, its...
PLTR Too Conservative with Forecast & SBUX Growth is Achievable
Palantir (PLTR) has tremendous margin expansion and free cash flow, notes Phil Palumbo. He talks about how management is being too conservative with their forward forecast.
Portfolio manager explains why she likes Starbucks and Boeing, despite their respective problems
Barbara Doran of BD8 Capital Partners remains optimistic on Starbucks and Boeing and thinks there is room for the stock price to improve.
How a consumer pullback is hitting restaurant stocks
Nick Setyan, Wedbush, joins 'Fast Money' to discuss what's next for the restaurant industry as some consumers are pulling back on dining out.
‘Huge breakthrough' in Starbucks union talks – which other US firms will follow?
Coffee chain appears willing to come to the table, which could mean good news for Trader Joe's, Amazon and REI workers
Starbucks sued by California residents who claim company discriminates against lactose-intolerant customers
A group of California residents have filed a lawsuit against Starbucks and claim the popular coffeehouse chain discriminates against lactose-intolerant customers.
Starbucks Declares Quarterly Cash Dividend
SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The di...
Starbucks To Bargain With Delegates From Its 400 Unionized Stores
The bargaining sessions scheduled for late April are meant to set a framework for union contracts around the country.
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