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.
SBUX pursues a China partnership with 20+ interested parties, aiming to scale faster in its key growth market.
Starbucks sees foot traffic spike 24% thanks to PSLs. “It's great just to get people in the door,” analysts say.
Starbucks (SBUX -0.27%) is a globally recognized brand thanks to its ubiquitous presence. It has 17,230 stores in the U.S. and a jaw-dropping 41,097 in total across the world.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is currently seeking bids for a stake in its China business, with the potential valuation of this unit reaching up to $10 billion, according to a Reuters report. China represents Starbucks' largest market outside the US, contributing more than 8% of the company's global revenue.
Starbucks has asked a short-listed group of potential bidders to submit non-binding bids for a stake in its China business within the next two weeks, two people with knowledge of the matter said.
Starbucks is pushing further into the health and wellness space with an expanded test of coconut water beverages in additional stores. The coffee giant will be testing its Coco Matcha and Coco Cold Brew drinks in more than 400 stores across major cities including New York, Los Angeles and the greater Chicago area, along with select cities in the Midwest beginning Aug. 21.
SBUX shares have lost 19% in six months as U.S. sales falter, margins shrink and its turnaround faces execution risks.
SBUX bets on protein cold foam, coconut water drinks and artisanal foods to revive slipping U.S. comparable sales.
Starbucks Corp. (NASDAQ: SBUX) CEO Brian Niccol must want to undermine the morale among some of his most critical workers.
Starbucks will provide a modest 2% hike to all salaried employees in North America this year, the company told Reuters on Monday, as the coffee chain tries to keep a tight lid on costs as part of CEO Brian Niccol's turnaround efforts.
Recently, Zacks.com users have been paying close attention to Starbucks (SBUX). This makes it worthwhile to examine what the stock has in store.