Starbucks Corporation (SBUX)
Starbucks layoffs impact more than 600 workers in Washington state
Layoffs at Seattle-based coffee giant Starbucks will impact 612 workers in Washington according to a new filing from the state's Employment Security Department on Thursday.
Starbucks: Buy Now, The King Is Back
Starbucks' stock is up nearly 20% since our last article, driven by strong Q1 earnings and new CEO Brian Niccol's strategic changes. Niccol's focus on product quality, menu simplification, and reduced discounting is revitalizing Starbucks, positioning it for long-term growth despite recent financial challenges. We project 25-30% EPS growth through 2028, making current valuations attractive even with a premium P/E ratio, justifying our 'Buy' rating.
Starbucks is struggling to grow sales in China. Here's why
Starbucks is facing competition from lower priced alternatives while the Chinese consumer is under increased economic pressure.
Starbucks Corporation (SBUX) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Starbucks (SBUX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
A 'Grande' Starbucks Special Situation
Starbucks' declining coffeehouse vibe, not pricing or product quality, has led to reduced customer visits and spending, highlighting the need for a strategic shift. CEO Brian Niccol aims to restore the coffeehouse ambiance, streamline operations, and enhance customer experience, which aligns with my observations and expectations. Niccol's track record at Chipotle and his equity-based compensation align his interests with shareholders, suggesting he can successfully execute the turnaround strategy.
Where does SBUX stock stand as Starbucks trims menu, lays off 1,100 corporate employees?
Starbucks is making significant changes to its menu, with several beverages set to be discontinued next week. The coffee giant announced on Monday that starting Tuesday, March 4, it will remove a selection of drinks, including several blended Frappuccino varieties, the Royal English Breakfast Latte, and the White Hot Chocolate.
Starbucks Stock Jumps 13% in a Month: Time to Buy, Hold, or Cash Out?
SBUX to benefit from its turnaround strategy, operational efficiencies and efforts to enhance the in-store experience.
Final Trades: Starbucks, Astrazeneca, Western Union and the IYR
The Investment Committee give you their top stocks to watch for the second half.
Starbucks to lay off 1,100 workers and cut these 13 drinks amid lackluster sales
Starbucks plans to lay off 1,100 corporate employees and eliminate hundreds of open and unfilled positions, CEO Brian Niccol said on Monday.
Starbucks is removing these 13 menu items from its menu next week
Starbucks announced on Monday it would be laying off 1,100 corporate employees. The coffee chain also said it would be removing 13 menu items on March 4.
Starbucks to Cut 1,100 Corporate Employees in Move Toward 'Smaller, More Nimble' Teams
Starbucks (SBUX) plans to lay off 1,100 corporate employees, CEO Brian Niccol said Monday, while also leaving several hundred open positions unfilled.
Starbucks to cut 1,100 corporate jobs — or 7% of non-store workers in latest layoffs
Layoffs are part of a broader effort by new CEO Brian Niccol to streamline operations and enhance efficiency.
