Starbucks Corp (NASDAQ:SBUX) stock is down 0.6% to trade at $92.01 at last glance, after suffering a downgrade from Jefferies to "underperform" from "hold.
Starbucks (SBUX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Starbucks Corp. (NASDAQ: SBUX) CEO Brian Niccol has made several poor decisions since he took his job in September.
Jefferies cools on Starbucks, expects the stock to grind lower
Starbucks (SBUX) reached $92.48 at the closing of the latest trading day, reflecting a -1.01% change compared to its last close.
"Back to Starbucks" means back to the office, too.
Starbucks CEO Brian Niccol said the coffee giant will require many of its employees to work out of office for a minimum four days a week, from the current three, as part of a new policy expected to kick in later this year.
Starbucks is increasing its in-office requirement for corporate employees to four days a week. The new return-to-office mandate will take effect in October.
Starbucks CEO Brian Niccol wants employees back in the office four days a week to aid the company's turnaround. Under Niccol's leadership, the coffee chain has been attempting a turnaround to reverse its slumping U.S. sales.
Jim Cramer breaks down why he's keeping an eye on shares of Starbucks and McDonald's.
Starbucks Corp. (NASDAQ: SBUX) signs long-term contracts for coffee beans and has sources from all over the world.
SBUX is betting on a disciplined test-and-scale model to cut wait times, lift service speed and drive profitability gains.