Profile
Sector:
Consumer CyclicalIndustry:
RestaurantsCountry:
United StatesIPO:
26 June 1992Website:
http://www.starbucks.comNext earnings report:
N/ALast dividends:
16 August 2024Next dividends:
15 November 2024Price
after hours | Fri, 01 Nov 2024 23:59:30 GMTAnalysts recommendations
Institutional Ownership
SBUX Latest News
Starbucks has been highlighting China as a significant opportunity for growth for several years. The company sees great potential in the Chinese market.
Brian Niccol is just what Starbucks NASDAQ: SBUX needs, which is why the stock price is likely to rise soon and continue to increase over time. His background with Chipotle Mexican Grill NYSE: CMG makes him an ideal fit for the company.
Starbucks CEO Brian Niccol has announced an ambitious plan to improve the coffee chain by enhancing service and redesigning its stores. However, analysts are being careful in their approach.
On Thursday, shares of Starbucks Corporation (SBUX) are experiencing a slight increase.
Brian Niccol, the new Chairman and CEO of Starbucks, aims to have baristas deliver customer orders in four minutes or less to boost the company's declining sales. In his first call with investors since starting in September, he emphasized the need to simplify the process for customers to get their coffee. Currently, around half of Starbucks transactions are finished within that four-minute timeframe.
Starbucks CEO Brian Niccol speaks with CNBC's Andrew Ross Sorkin about the popularity of coffee, setting limits on drink customization, the company's menu strategy, and how the difficulties at Starbucks are similar to those he encountered at Chipotle. They also discuss the brand's prospects in China and the upcoming 2024 election.
Starbucks CEO Brian Niccol speaks with CNBC's Andrew Ross Sorkin about the popularity of coffee, setting limits on drink customization, the company's menu strategy, and how the difficulties at Starbucks are similar to those he encountered at Chipotle. They also discuss the brand's prospects in China and the upcoming 2024 election.
Revamping the menu and enhancing the ordering system might not be sufficient to help Starbucks improve its situation.
SBUX saw a 25% drop in earnings per share compared to last year, mainly due to a significant decrease in customer visits in the US and growing competition in China. However, their performance in Asia, excluding China, remained strong. To tackle the increasing competition in China, Starbucks quickly opened more stores and participated in the price competition targeting the mass market.
Starbucks CEO Brian Niccol speaks with CNBC's Andrew Ross Sorkin about the company's plan to improve its performance. They cover easy fixes, pricing challenges, the relationship with baristas, and the return-to-office policy, among other topics.
What type of business is Starbucks?
Starbucks Corporation is the largest coffee company in the world. Starbucks sells espresso and espresso-based drinks, other hot and cold beverages, coffee beans, teas, hot and cold sandwiches, pastries, snacks, and items such as coffee makers, mugs, and cups. The company's headquarters is in Seattle, Washington, USA. Founded in 1971. The company offers its products under the brand names Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi. As of October 29, 2020, it operates approximately 32,000 stores.
What sector is Starbucks in?
Starbucks is in the Consumer Cyclical sector
What industry is Starbucks in?
Starbucks is in the Restaurants industry
What country is Starbucks from?
Starbucks is headquartered in United States
When did Starbucks go public?
Starbucks initial public offering (IPO) was on 26 June 1992
What is Starbucks website?
https://www.starbucks.com
Is Starbucks in the S&P 500?
Yes, Starbucks is included in the S&P 500 index
Is Starbucks in the NASDAQ 100?
Yes, Starbucks is included in the NASDAQ 100 index
Is Starbucks in the Dow Jones?
No, Starbucks is not included in the Dow Jones index
When was Starbucks the previous earnings report?
No data
When does Starbucks earnings report?
Next earnings report date is not announced yet