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Starbucks News (NASDAQ:SBUX)

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04/24/20247:28AMIHMARKETNEWSCoca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News
Coca-Cola (NYSE:KO) – Coca-Cola has signed a new five-year contract, worth US$1.1 billion, with Microsoft (NASDAQ:MSFT), utilizing its cloud computing and artificial intelligence services, including Azure OpenAI. The agreement aims to enhance Coca-Cola’s productivity with tools like Microsoft’s Copilot... More...>>
04/23/20243:28PMBW5 Things to Know About First-Ever Starbucks Promises Day
At a global gathering of Starbucks partners in Seattle and around the world, Starbucks global chief executive officer Laxman Narasimhan announced five initiatives at the first-ever Starbucks Promises Day that underscore the company’s promises to its partners, farmers, customers, communities, shareholders and the environment:... More...>>
04/16/20244:05PMBWStarbucks Announces Q2 Fiscal Year 2024 Results Conference Call
Starbucks Corporation (Nasdaq: SBUX) plans to release its second quarter fiscal year 2024 financial results after market close on Tuesday, April 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company’s... More...>>
04/11/20247:24AMIHMARKETNEWSCostco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News
Meta Platforms (NASDAQ:META) – Meta Platforms disclosed details on Wednesday about its upcoming generation of internal AI accelerator chip, named Artemis, aiming to lessen its dependence on Nvidia’s AI chips and energy costs. The MTIA chip delivers thrice the performance of its preceding generation. Furthermore... More...>>
03/20/20244:05PMBWStarbucks Declares Quarterly Cash Dividend
Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on May 31, 2024, to shareholders of record on May 17, 2024. About Starbucks Since 1971, Starbucks Coffee Company has... More...>>
03/19/20247:33AMIHMARKETNEWSUnilever Initiates Ice Cream Division Spin-Off and Announces Job Cuts; Berkshire Ramps Up Share Buyback Efforts, and More
Unilever (NYSE:UL) – Unilever announced on Tuesday the spin-off of its ice cream unit, including Magnum and Ben & Jerry’s, into an independent business, accompanied by a cost-cutting program that would cut 7,500 jobs. The initial action resulted in a 3.2% increase in shares in pre-market trading. Berkshire... More...>>
03/06/20246:01AMIHMARKETNEWSAirship AI skyrockets with DOJ contract; Carrier Global sells Fire Industrial division for $1.43 billion, and Latest News
Airship AI Holdings (NASDAQ:AISP) – While the tech sector fell on Tuesday’s trading session, shares of Airship AI stood out, soaring 200% after securing a contract with the U.S. Department of Justice. Based in Redmond, Washington, the company uses AI to assist clients in law enforcement and defense. President... More...>>
03/05/20248:30AMBWStrategic Organizing Center Issues Statement on Starbucks
Believes agreement on path forward reached by Starbucks and Workers United represents meaningful progress that will benefit all stakeholders Withdrawing director nominees to allow the Company to focus on upholding its new commitments to workers and enhancing value for shareholders The Strategic Organizing Center (the “SOC”... More...>>
03/01/202410:15AMBWGlass Lewis Recommends Shareholders Vote FOR ONLY each of the Starbucks Director Nominees
Follows ISS’ recommendation that shareholders vote on the WHITE proxy card “FOR” ONLY Starbucks 11 director nominees Starbucks Corporation (Nasdaq: SBUX) today announced that proxy advisory firm Glass, Lewis & Co. (“Glass Lewis”) has recommended that Starbucks shareholders vote on the WHITE proxy card “FOR”... More...>>
02/29/20247:45PMBWStrategic Organizing Center Issues Statement on ISS Recommendation
The Strategic Organizing Center (the “SOC”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today commented on the recent report published by Institutional Shareholder Services Inc. (“ISS”) in relation to Starbucks’ upcoming Annual Meeting of Shareholders (the “Annual... More...>>
02/29/20245:21PMBWLeading Proxy Advisor ISS Recommends Shareholders Vote FOR ONLY the Starbucks Director Nominees
Starbucks Corporation (Nasdaq: SBUX) today announced that leading proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Starbucks shareholders vote on the WHITE proxy card ONLY “FOR” the Starbucks 11 director nominees in connection with the Company's Annual Meeting of Shareholders, which... More...>>
02/20/20249:20AMBWStrategic Organizing Center Releases Investor Presentation Highlighting Why Board Change is Needed Now in Order to Brew a Better Starbucks
Details why Starbucks’ flawed human capital management strategy is the most critical issue facing the Company today and how the Board’s failed oversight has cost shareholders, employees and customers Believes that the SOC’s nominees have expertise that is lacking on the current Board and skillsets that are needed... More...>>
02/16/20248:00AMBWStrategic Organizing Center Submits Letter to SEC Calling on Starbucks to Properly Disclose True Cost of Anti-Union Campaign
Based on the SOC’s analysis, Starbucks’ aggressive opposition to employee organizing efforts has cost shareholders at least $240 million in undisclosed costs and liabilities Believes Starbucks needs to immediately provide full disclosure of the total costs and liabilities of its misguided human capital management strategy... More...>>
02/16/20246:00AMBWBuilding Inclusive Spaces: Starbucks Announces New Accessibility Guidelines for its U.S. Store Portfolio
The company will leverage its growing store footprint to support access and inclusion for the partners, customers and communities it serves A new store in Washington, D.C., is the first location built using the new framework including accessible features like optimized acoustics, power-operated doors, improved features... More...>>
02/15/20248:04AMPRNUSBank of America and Starbucks Launch Loyalty Partnership
Bank of America and Starbucks Launch Loyalty Partnership PR Newswire CHARLOTTE, N.C. and SEATTLE, Feb. 15, 2024 Bank of America cardholders and Starbucks Rewards members can link eligible accounts to earn 2% cash back from Bank of America and one Star per $2 spent at Starbucks CHARLOTTE, N.C. and SEATTLE, Feb. 15, 2024... More...>>
02/08/20246:10AMIHMARKETNEWSArm Achieves Record Revenue, PayPal Shares Plummet by More Than 9%, and Latest Updates
Apple (NASDAQ:AAPL) – According to The Information, Apple is working on prototypes for at least two foldable iPhone models that fold horizontally, resembling a clamshell. These foldable devices are in the early stages of development and are not expected for mass production until 2024 or 2025. Apple has recently contacted... More...>>
01/31/20246:28AMIHMARKETNEWSWalmart’s Stock Split, Elon Musk’s Billion-Dollar Package Revoked, and More
Walmart (NYSE:WMT) – Walmart announced a 3-for-1 stock split as part of its review of trading levels and spread. This will increase the shares in circulation to approximately 8.1 billion, with distribution after the close on February 23. Tesla (NASDAQ:TSLA) – Elon Musk’s $55 billion compensation package... More...>>
01/30/20244:05PMBWStarbucks Reports Q1 Fiscal 2024 Results
Q1 Consolidated Net Revenues Up 8% to a Record $9.4 Billion Q1 Comparable Store Sales Up 5% Globally; Up 5% in North America; Up 7% in International Q1 GAAP EPS Up 22% to $0.90; Non-GAAP EPS Up 20% to $0.90 as Reinvention Unlocks Continued Efficiency Q1 Active U.S. Starbucks® Rewards Membership Reaches 34.3 Million, Up... More...>>
01/30/20246:29AMIHMARKETNEWSU.S. Futures Dip Ahead of Housing, Employment Data, Oil Prices Slightly Up
U.S. index futures are down in Tuesday’s pre-market as investors await today’s data on housing, employment, and consumer confidence, anticipating tomorrow’s monetary policy announcement. At 6:03 AM, Dow Jones futures (DOWI:DJI) dropped 56 points, or 0.15%. S&P 500 futures fell 0.12%, and Nasdaq-100... More...>>
01/25/20244:30PMBWThe SOC Details Why Board Change is Needed to Fix Starbucks’ Broken Approach to Labor Issues, Rehabilitate its Reputation and Help Maximize Shareholder Value
Sends letter to Starbucks shareholders and mails definitive proxy materials SOC’s nominees can bring fresh perspectives and the right expertise to help improve oversight and safeguard the best interests of Starbucks shareholders, customers and employees Visit www.BrewABetterStarbucks.com for more information The Strategic... More...>>