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Starbucks ( (SBUX) ) has provided an update.
On January 17, 2025, Starbucks announced the next phase of its ‘Back to Starbucks’ initiative aimed at transforming its global support organization. The company has already undertaken several measures to enhance customer experience and operational efficiency, such as improving in-store services and internal leadership opportunities. The upcoming changes will involve restructuring support teams to increase accountability, streamline operations, and reduce complexity, potentially leading to job eliminations. These adjustments are intended to better align support operations with the company’s strategic goals without affecting in-store teams or investments.
More about Starbucks
Starbucks Corporation operates in the coffeehouse industry, offering premium coffee beverages, handcrafted by skilled baristas. The company focuses on creating welcoming spaces for people to gather, with a market emphasis on quality coffee and enhancing in-store experiences.
YTD Price Performance: 2.45%
Average Trading Volume: 8,045,301
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $107.1B
Learn more about SBUX stock on TipRanks’ Stock Analysis page.