Starbucks shares soared more than 20% on Tuesday after the coffee chain said it is ousting its current CEO, Laxman Narasimhan, and will replace him with Chipotle chief executive Brian Niccol. The move comes as Starbucks contends with activist investors, stagnant sales and a sinking stock price...
Sales in China, Starbucks' fastest-growing market, were up 4 percent. But customer traffic in Asia was flat. Starbucks stock was down nearly 2 percent to $58.35 in after-hours trading. The coffee shop chain has been tinkering with its food offerings in the U.S. in an effort to in...
It comes after Starbucks has been subjected to boycotts over the war in Gaza after it took legal action last year against US union Workers United for using its name and a similar logo. Image:Starbucks' sales figures have been affected by boycotts related to the war in Gaza. Pic: AP The...
As the company enters a new turnaround phase, Starbucks stock appears to be an attractive bet. Starbucks Corporation (SBUX), the world’s largest coffee chain, made a surprising leadership change last week by appointing Chipotle Mexican Grill (CMG) CEO Brian Niccol to lead the company from ...
Starbucks has also trouble keeping its food items in stock. Narasimhan said Starbucks also still faces boycotts of its stores in the Middle East, Southeast Asia and parts of Europe for its perceived support of Israel in the war in Gaza. Starbucks reported revenue of $9.1 billion for its ...
made a surprising leadership change last week by appointing Chipotle Mexican Grill(CMG)CEO Brian Niccol to lead the company from September 9. This CEO change is likely to unlock hidden value in the coming years, and the market rewarded this strategic move by sending Starbucks stock more than 20...
Green Mountain Coffee Roasters to distribute Starbucks coffee and teas for Keurig single-serving systems (2) Green Mountain Coffee Roasters owns the biggest distribution network for the single-serving systems in North America and Starbucks was able to increase their stock prices significantly after ...
Starbucks stock has fallen 13% over the past year as investors worry about U.S. traffic and sales in China.
With a strategic reset underway, the company remains committed to creating shareholder value and is announcing that its Board of Directors approved an increase in the quarterly cash dividend from $0.57 to $0.61 per share of outstanding common stock. The dividend and related increase demonstrates the...
Paul Julius Reuter founded the company that would one day become Thomson Reuters in London in the 1850s. He used the telegraph and a 200-strong fleet of carrier pigeons to transmit stock market information and news at an impressively fast pace, establishing the brand's long-standing reputation...