Although Starbucks (SBUX 2.44%) has been a fantastic investment throughout its history as a public company, it hasn't worked out as well for shareholders recently.
New Starbucks CEO Brian Niccol is tasked with reversing the coffee giant's sales slump. He said airports, where consumers often face long lines, are one area in particular that could be improved.
Starbucks is said to be exploring options for its Chinese operations, including the possibility of selling a stake in the business. Sources say the firm is speaking to advisers about its growth plans in Asia's biggest economy.
Quint Tatro, Joule Financial founder, joins 'Power Lunch' to discuss stock plays for three stocks.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is reportedly considering selling its stake in its China business as it struggles amid rising competition from value-focused domestic brands. The Seattle-based coffee chain has engaged advisors to look into options for growing its business in China which could include partnering with a local master franchise or private equity firm, according to a Bloomberg report citing sources with knowledge of the matter.
Starbucks Corp. is seeking ways to boost its Chinese operations and may sell a stake in the business.
24/7 Wall St. Insights Starbucks Corp. (NASDAQ: SBUX) reportedly is looking for a joint venture in China.
Starbucks reiterated on Thursday it is exploring strategic partnerships for its Chinese operations, after a media report saying the company is considering selling a stake in the business to a local partner.
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 now offers access to delivery powered by DoorDash through its own app. As of Monday (Nov. 11), customers across the United States and Canada (excluding Quebec) can order delivery through the Starbucks app, the company said in a Tuesday (Nov. 12) press release.
This industry-leading company has been struggling in recent years.
Shares of Starbucks Corp (NASDAQ:SBUX) are 1.1% lower this morning, following a downgrade to "sell" from "neutral.