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Starbucks CEO Brian Niccol's restructuring cuts over 200 jobs, with 120 tied to workers who declined relocating to a new $100 million Nashville office.
The cuts affect the company's corporate staff in technology and coffeehouse development. The reductions don't involve cafe closures.
Starbucks Corporation SBUX enters the final quarter of fiscal 2026 with stronger comparable sales and earnings trends. Global comparable sales rose 7.9% in the fiscal third quarter, while net revenues reached $9.3 billion.
In October, Starbucks will stop covering GLP-1 drugs prescribed for weight loss for benefits-eligible employees. The move comes as GLP-1 drugs consume a growing share of employers' healthcare spending.
In early 2011, Starbucks (NASDAQ:SBUX | SBUX Price Prediction) marked its 40th birthday by stripping the wordmark from its logo, leaving only the green siren.
Starbucks is bringing back its Pumpkin Spice Latte this month and adding new fall drinks, food items and merchandise to its seasonal lineup.
SBUX raised its fiscal 2026 outlook after stronger sales and margins, but lasting earnings gains still hinge on sustaining growth and managing costs.
SBUX shows stronger sales, traffic and earnings as management lifts fiscal 2026 outlook, but its premium valuation keeps the turnaround under close watch.
Starbucks raises its fiscal 2026 outlook as broader traffic gains, faster service and store upgrades strengthen its turnaround.
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Chipotle and Starbucks saw better-than-expected same-store sales last quarter. The opportunity to recapture lost operating margin could be a big driver for Starbucks stock.