Starbucks News (NASDAQ:SBUX)

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12/11/20177:29AMDJNUniversities, Companies Fight to Keep Tax-Free Tuition Assistance
By Melissa Korn Universities and companies are joining forces to lobby Congress to keep a tax provision that allows employers to give staff as much as $5,250 in yearly tax-free tuition help. The tax-overhaul package passed by the Senate earlier this month includes the provision, which has been part of U.S. tax law since... More...>>
12/05/201712:57PMDJNStarbucks Asked to Keep Teavana Stores Open at Some Malls
By Esther Fung Mall owner Simon Property Group won an usual victory over Starbucks Corp. after an Indiana judge ordered the coffee giant to keep open Teavana stores in 77 of Simon's shopping centers, striking a blow to underperforming tenants hoping to wiggle out of their leases in a retail storm. Landlords are pushing... More...>>
12/04/20179:00PMBWStarbucks Opens State-of-the-Art Premium Reserve Roastery Experience in Shanghai with the First Fully Immersive Coffee Wonder...
New multi-sensory retail experience offers customers an immersive:- manufacturing and cafe environment including roasting, packaging and brewing;- integrated offline and online augmented reality (AR) digital experience; and- debut of food freshly baked onsite by Italian food purveyor, Rocco Princi for the first time ever... More...>>
12/04/201710:00AMBWStarbucks Launches “Project Give Good”
Starbucks is giving a little extra good to its customers this holiday with its biggest surprise giveaway ever, handing out $1 million in Starbucks Cards, giving the gift of Starbucks Rewards® Gold status, and offering a chance to win Starbucks for Life Starbucks (NASDAQ: SBUX) is giving a little extra good to its customers... More...>>
11/22/20174:05PMBWStarbucks Announces Closing of an Offering of $1 Billion of Senior Notes
Starbucks Corporation (NASDAQ: SBUX) announced today the closing of an underwritten public offering of $500 million of 2.200% senior notes due 2020 and $500 million of 3.750% senior notes due 2047. The company plans to use the net proceeds for general corporate purposes, including repurchases of Starbucks common stock... More...>>
11/21/20179:00AMBWStarbucks First Store in Jamaica Honors Country’s Rich Heritage
Starbucks and Caribbean Coffee Baristas Limited, a consortium led by Margaritaville Caribbean Group, have opened Jamaica’s first Starbucks® store at Doctor’s Cave Beach in Montego Bay Up to 15 Starbucks® stores expected to open over the next five years with a focus on creating local jobs, delivering a unique customer... More...>>
11/13/20173:02AMDJNCoffee Makers Go Ready to Drink -- WSJ
Industry rolls out bottled or canned frappés, iced mochas and cold brews By Julie Jargon This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (November 13, 2017). The hottest thing in coffee now is the supermarket... More...>>
11/12/20179:29AMDJNCoffee Makers Look to Conquer the Supermarket Aisle
By Julie Jargon The hottest thing in coffee now is the supermarket cold case. Every major coffee maker from McDonald's Corp. to Blue Bottle Coffee Co. is piling onto the refrigerated shelves of grocery stores with bottled or canned frappés, iced mochas and cold brew, a drink made from steeping coffee grinds in... More...>>
11/07/20178:42AMDJNStarbucks to Open Princi Bakery Inside Seattle Roastery
By Julie Jargon Starbucks Corp. is making its next move into the high-end food and beverage market, seeking to find new sources of revenue amid a broader slowdown in the industry. The opening on Tuesday of luxury Italian bakery Princi inside Starbucks's Seattle Reserve Roastery is one way the coffee giant is seeking... More...>>
11/07/20177:29AMDJNAmerican Retail Has a Coffee Problem
By Julie Jargon America's coffee market is getting too crowded. Consumers' hankering for caffeine and quality coffee has fueled a big build out of cafes in the last five years, especially in dense urban areas such as New York, San Francisco and Portland, Ore. There are now nearly 33,000 coffee shops in the U.S... More...>>
11/07/20173:01AMBWStarbucks Brings Renowned Italian Princi Bakery to the U.S. Inside Seattle Reserve Roastery
Acclaimed artisan baker Rocco Princi brings the craft of bread baking, exceptional ingredients and the “Spirito di Milano” to customers for the first time in the United States Freshly baked onsite, the artisanal Italian food experience joins the premium Starbucks Reserve® brand as the exclusive food pairing to its... More...>>
11/02/20177:23PMDJNUnilever Looks to Move Beyond Black Tea With Tazo Buy
By Saabira Chaudhuri Unilever PLC's $384 million deal to buy Tazo tea from Starbucks Corp. is its biggest move yet in a pivot from slower growing black tea toward higher-growth brands it hopes will help it foster more discerning -- and more profitable -- tea drinkers. The Anglo Dutch consumer-goods giant sells Dove... More...>>
11/02/20177:00PMDJNStarbucks Lowers Long-Term Target, Selling Tazo to Unilever--Update
By Julie Jargon Starbucks Corp. offered a muted outlook for future sales and profit, setting what it says are more realistic targets in a tough environment for restaurants and coffee shops. Starbucks shares fell more than 5% in post-market trading after the coffee giant missed sales expectations for its fiscal fourth quarter... More...>>
11/02/20175:20PMDJNStarbucks Lowers Long-Term Target, Selling Tazo to Unilever
By Austen Hufford Starbucks Corp. said it would sell its Tazo brand of teas in the coffee seller's latest move to focus on its core operations. The company also on Thursday lowered its forecast for long-term profit growth, sending shares down 6.5% in post-market trading, as it also recorded same-store sales growth... More...>>
11/02/20174:05PMBWStarbucks Reports Q4 and Full Year Fiscal 2017 Results
Q4 GAAP Earnings Per Share of $0.54; Non-GAAP Earnings Per Share Increases to $0.55 Q4 Global and U.S. Comps Up 2%, Up 3% adjusted for Hurricane Impact; China Up 8%; Global Traffic Up 1% Board Approves 20% Increase in Quarterly Dividend, to $0.30 Per Share Company Commits to Returning $15 Billion to Shareholders Over Next... More...>>
11/02/20174:03PMBWStarbucks Drives Single Tea Brand Strategy with Teavana; Sells Tazo Brand to Unilever
Starbucks to sharpen its focus on its up-leveled tea strategy with Teavana, furthering its growth and innovation in the super premium tea category Starbucks (NASDAQ: SBUX) today announced entry into a definitive agreement for Unilever to acquire the assets of the Tazo brand including its signature recipes, intellectual... More...>>
10/24/20177:36AMBWTata Starbucks Reaffirms Growth in India with Entry into Kolkata in 2018 and Commitment to Social Impact Programs
Celebrates 100th store milestone and 5-year anniversary with plans to open three stores in Kolkata in early 2018 Aims to increase diversity and hire 40% women by 2022 as it underscores its commitment to be the employer of choice through progressive workplace programs Deepens positive impact in the community with Tata STRIVE... More...>>
10/18/20174:05PMBWStarbucks Announces Q4 and Fiscal Year 2017 Results Conference Call
Starbucks Corporation (Nasdaq: SBUX) plans to release its fourth quarter and fiscal year 2017 financial results after the market close on Thursday, November 2, 2017, with a conference call to follow at 2:00 p.m. PT. The conference call will be webcast, including closed captioning, and can be accessed on the company’s... More...>>
10/18/20173:02AMDJNWhen The Good Goes Bad For CEOs -- WSJ
By Vanessa Fuhrmans This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 18, 2017). CEOs beware: Being a do-gooder could get you fired. Many corporate chieftains argue that companies shouldn't only seek... More...>>
10/17/201711:28AMDJNWhen Doing Good Ends Badly for CEOs -- Update
By Vanessa Fuhrmans CEOs beware: Being a do-gooder could get you fired. Many corporate chieftains argue that companies shouldn't only seek to be money-making enterprises; they should also be good corporate citizens. From Starbucks Corp. Chairman Howard Schultz to Unilever PLC Chief Executive Paul Polman, leaders variously... More...>>
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