Ongoing economic challenges and weakening consumer confidence are dampening Starbucks' (SBUX) growth prospects.
The Supreme Court issued an 8-1 ruling Thursday that sided with Starbucks by vacating an injunction sought by the NLRB to require the coffee giant to rehire fired pro-union workers.
Starbucks (SBUX) shares rose Thursday as the U.S. Supreme Court ruled in favor of the world's biggest coffee chain in a dispute over fired pro-union employees in Tennessee.
Hundreds of complaints have been filed with the NLRB accusing Starbucks of unlawful labor practices such as firing union supporters.
Justices throw out lower court's approval of injunction ordering coffee chain to rehire seven employees
The U.S. Supreme Court sided on Thursday with Starbucks in the coffee chain's challenge to a judicial order to rehire seven Memphis employees fired as they sought to unionize in a ruling that could make it harder for courts to quickly halt labor practices contested as unfair under federal law.
In a blow to the National Labor Relations Board, the justices cited inconsistent standards for courts to order employers to reinstate fired workers.
In the latest trading session, Starbucks (SBUX) closed at $79.38, marking a -0.64% move from the previous day.
Recently, Zacks.com users have been paying close attention to Starbucks (SBUX). This makes it worthwhile to examine what the stock has in store.
Starbucks shares have fallen dramatically on sales weakness. Are consumers cutting coffee runs from their discretionary budgets?
Starbucks (SBUX) has become the latest chain to join the "value meal" trend with the launch of lower-priced offers in an effort to bring in consumers feeling the pressure of inflation.
Move over, Paramount Pictures. Starbucks is coming to Hollywood.