Coffee Chains

Starbucks Corporation (NASDAQ:SBUX) could show how the macroeconomic environment is affecting consumers who buy their daily coffee at restaurants or opt to brew it at home when the company reports its second-quarter financial results on Thursday after the market close. Earnings Estimates...

Coffee retailer Starbucks Corp (NASDAQ:SBUX) is expected to report year-over-year declines for revenue and earnings per share in the company's first-quarter financial results after market close Tuesday. Here's a look at the earnings estimates and key items to watch. Earnings Estimates: Analysts...

Coffee chain retailer Starbucks Corporation (NYSE: SBUX) is looking past internal candidates to replace founder Howard Schultz, who is holding the chief executive officer role on an interim basis. What Happened: Seattle, Washington-based Starbucks is considering just external candidates for...

Starbucks Corporation (NASDAQ: SBUX) is facing irate internet users in China after announcing price hikes. What Happened: On Thursday (Beijing Time), the People’s Daily reported that Starbucks price hikes dominated Weibo — a social media platform akin to Twitter. Starbucks price...

Luckin Coffee Inc (OTC: LKNCY) is planning to list its shares once again in the United States nearly two years after the Chinese company was rocked by a $300 million accounting scandal. What Happened: The competitor to Starbucks Corporation (NASDAQ: SBUX) in China is exploring yet another listing...

The hashtag “Boycott Starbucks” is trending on Twitter Inc.’s (NYSE: TWTR) social media platform in the U.S. after coffee chain Starbucks Corp. (NASDAQ: SBUX) suspended COVID-19 vaccine-or-test requirement for its U.S. employees. What Happened: The hashtag was among the top ten...

Starbucks Corp. (NASDAQ: SBUX) is expanding its delivery services in China by entering into a new partnership with food delivery giant Meituan (OTC: MPNGY). What Happened: Under the new partnership, Starbucks said it will offer its coffee delivery services on the Meituan platform market-wide....

Starbucks Corp. (NASDAQ: SBUX) said Wednesday it would raise wages and ensure that its workers in the U.S. earn at least $15 an hour by summer next year. What Happened: Starbucks said that workers who have worked at the coffee chain for at least two years could get up to a 5% raise in late January...

Coffee chain Starbucks Corp. (NASDAQ: SBUX) said that 25% of its milk-related beverage sales in the U.S. came from alternative dairy offerings in the quarter ending June 30. What Happened: Starbucks made the disclosure while announcing its third-quarter results on Tuesday. The company noted that...

The shares of beleaguered coffee-chain company Luckin Coffee Inc. (OTC: LKNCY), traded over the counter, saw a sharp spike on Tuesday, closing 49.3% higher at $8.72. What Happened: The surge came as Luckin announced entering into a restructuring support agreement with key lenders holding the 0.75%...

Starbucks Corporation (NASDAQ: SBUX) said Wednesday that it would launch a shaken iced espresso and oatmilk this spring in its stores in the United States. What Happened: The Seattle-based coffee chain said on its investor day that its cold beverage platform has grown by almost 45% over the last...

Starbucks Corporation (NASDAQ: SBUX) has plans to open a store in Laos this summer, the Associated Press reported Monday (Bangkok Time). What Happened: The store in the Laotian capital Vientiane would be operated by a local subsidiary of Hong Kong-based Maxim’s Caterers Ltd. “We...

Starbucks Corporation (NASDAQ: SBUX) fourth-quarter earnings and revenue took a hit due to the pandemic but the company still beat consensus. The company saw a faster-than-expected recovery in the U.S. and China, driven by average ticket growth. What Happened: Global same-store...

Starbucks Corporation (NASDAQ: SBUX) said Thursday it was introducing strawless lids at its stores in the United States and Canada in an effort to cut plastic waste. What Happened: The Seattle-based coffee chain estimates its latest effort will eliminate one billion plastic straws globally per year...

Starbucks Corporation (NASDAQ: SBUX) on Wednesday shared its forecast for the third quarter of its financial year in a filing with the Securities and Exchange Commission. Q3 Forecast The coffee chain giant said it expects Q3 total revenue to drop between $3-$3.2 billion due to the impact of the...