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Shake Shack Expanding its Stores and Offerings
Shake Shack (SHAK) is taking some actions that should make its business more robust. The burger and milkshake...
Jun 16, 2021
Starbucks Applies for Stadium Naming Rights – Report
Starbucks (SBUX) is seeking the right to put its name on a sports stadium or training facilities, according...
Jun 14, 2021
Starbucks Reports Mixed Results In 2Q
Starbucks (SBUX) reported mixed results in the fiscal second quarter as the company posted revenues of $6.7 billion,...
Apr 28, 2021
Starbucks’ Profit Outlook Disappoints; Shares Fall
Starbucks Corp. reported mixed first-quarter results (period ending Dec. 27, 2021). In the reported quarter, profit beat Street...
Jan 27, 2021
Starbucks Ramps Up Long-Term Profit Forecasts, Shares Gain 3.5%
Shares of Starbucks rose over 3.5% on Wednesday’s extended trading after the multinational coffeehouse chain operator raised its...
Dec 10, 2020
Starbucks Bumps Up US Employee Pay By At Least 10% – Report
Coffee retailer Starbucks Corp. is raising employee pay rates in the US by at least 10%, Business Insider...
Nov 19, 2020
Starbucks Tops 4Q Estimates, Sees Strong Global Comps In FY21
Starbucks reported 4Q earnings of $0.51 per share that declined 27.1% year-over-year but came in well ahead of...
Oct 30, 2020
Oppenheimer Bumps Up Starbucks PT To $101 On Sales Recovery Bet
Oppenheimer raised the price target on Starbucks stock to $101 (16.7% upside potential) from $85, citing expectations for...
Oct 05, 2020
Starbucks Hikes Dividend By 10%; Cowen Upgrades Stock To Buy
Starbucks announced that its Board of Directors has approved a 10% hike in the coffee chain’s quarterly cash...
Oct 01, 2020
Starbucks Rolls Out Plant-Based Foods In Asia To Meet Healthier Lifestyle Trend
Starbucks announced on Tuesday that it is launching new plant-based food and beverage items to its menus in...
Sep 08, 2020
Starbucks vs McDonald’s: How To Choose Between The Coffee King & Burger Giant?
Fast food joints and restaurant chains feature among the most impacted victims of the pandemic and have seen...
Sep 02, 2020
Starbucks Spikes 6% After-Hours As Earnings Top Estimates
Shares in Starbucks (SBUX) popped 6% in Tuesday’s after-hours trading after the company reported a solid earnings beat. Specifically,...
Jul 29, 2020
Starbucks Expands China Order Services To Four Alibaba Apps
Starbucks Corp. (SBUX) is expanding its reach to customers across the Chinese mainland by introducing its mobile order...
Jul 21, 2020
Beyond Meat Burgers Make Foray Into Alibaba’s Grocery Stores In China
Beyond Meat (BYND) will for the first time start to sell its plant-based meat patties in supermarkets in...
Jul 01, 2020
Starbucks’ (SBUX) Road to Recovery Will Take Longer Than Anticipated, Says Analyst
As consumers’ purchasing habits are in flux amidst a slow transition from WFH routines, Starbucks (SBUX) faces a...
Jun 12, 2020
Starbucks Expects $3.2 Billion Revenue Loss In Q3 Due To Covid-19
Starbucks Corp. (SBUX) said it expects to post a loss in the third quarter after losing as much...
Jun 11, 2020
Starbucks Is Said To Further Cut Worker Hours Due To Sales Demand
Starbucks Corp. (SBUX) is planning to further reduce workers’ hours to adjust pared-back operations at its U.S. stores...
Jun 02, 2020
Beyond Meat Teams Up With KFC, Pizza Hut In China
Beyond Meat (BYND) is partnering up with fast-food chains Kentucky Fried Chicken (KFC) and Pizza Hut to expand...
May 31, 2020
Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities
Billionaire hedge fund manager Bill Ackman said that his Pershing Square Capital Management Ltd. has exited investments in...
May 28, 2020
Starbucks Regains Almost Two-Thirds Of U.S. Same-Store Sales As Stores Reopen
Starbucks Corp. (SBUX) said it has regained almost two-thirds of its comparable U.S. store sales from the prior...
May 21, 2020
Starbucks Back To Business In Japan Today
Starbucks Coffee Japan (SBUX) is reopening many of its stores in Japan today, including in Tokyo, reports Reuters....
May 19, 2020