tiprankstipranks
Starbucks (NASDAQ:SBUX) Faces More Labor Headaches Over Coming Weeks
Market News

Starbucks (NASDAQ:SBUX) Faces More Labor Headaches Over Coming Weeks

It seems specialty coffee maker Starbucks (NASDAQ:SBUX) cannot put labor woes in the rearview anytime soon. Reportedly, pro-union workers are now trying to enlist the coffee chain’s customers in their campaign, asking them to set up pickets at Starbucks’ non-unionized outlets.

Pick the best stocks and maximize your portfolio:

The union is undertaking a bus tour of 13 cities and plans to distribute flyers to customers as it plans a ‘national adopt a store’ day next month. The new tactic comes as negotiations drag on and both sides continue to put the blame on each other for the delays.

Importantly, the company has been accused of over 570 charges of unfair labor practices and last week got sued by the National Labor Relations Board as well. In the meantime, the union has been able to enlist only 320 of Starbucks’ nearly 9,000 nationwide locations so far.

Overall, the Street has a $116.47 consensus price target on Starbucks alongside a Moderate Buy consensus rating.  

Read full Disclosure

Related Articles
Shrilekha PetheStarbucks (NASDAQ:SBUX) Appoints First Chief Growth Officer as China Sales Decline
Steve AndersonNew “Anti-Woke” ETF Targets Starbucks (NASDAQ:SBUX)
TheFlyTrump Weekly: Autos, retail, restaurant sectors brace for import tariffs
Go Ad-Free with Our App