Profile
Sector:
Consumer CyclicalIndustry:
RestaurantsCountry:
United StatesIPO:
26 June 1992Website:
http://www.starbucks.comNext earnings report:
30 January 2025Last dividends:
15 November 2024Next dividends:
N/APrice
after hours | 88 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
SBUX Latest News
Starbucks is reportedly looking into different possibilities for its business in China, which may include selling a part of it. According to sources, the company is consulting with advisors regarding its expansion strategies in the largest economy in Asia.
Starbucks Corp (NASDAQ:SBUX, ETR:SRB) is said to be thinking about selling its share in its China operations due to increasing competition from local brands that focus on lower prices. The coffee company from Seattle has hired advisors to explore ways to expand its business in China, which might involve teaming up with a local master franchise or a private equity firm, as reported by Bloomberg sources.
Starbucks Corp. is looking for ways to improve its business in China and might consider selling a part of it.
According to 24/7 Wall St. Insights, Starbucks Corp. (NASDAQ: SBUX) is said to be seeking a partnership in China.
On Thursday, Starbucks confirmed that it is looking into forming strategic partnerships for its operations in China. This comes after a news report suggested that the company might sell a share of its business to a local partner.
Lately, users of Zacks.com have been focusing on Starbucks (SBUX). Therefore, it's important to take a look at what the stock might offer.
Starbucks has introduced delivery services through its app, using DoorDash for support. Starting from Monday, November 11, customers in the U.S. and Canada (except Quebec) can place delivery orders via the Starbucks app, according to a press release from the company on Tuesday, November 12.
Starbucks Corp (NASDAQ:SBUX) shares have dropped by 1.1% this morning after being downgraded from "neutral" to "sell."
Howard Schultz, the former CEO of Starbucks, expressed his confidence in Brian Niccol, the new CEO, to bring new life to the company. Niccol intends to focus on a simpler approach as the coffee chain deals with declining sales.
A restaurant consultant mentioned, "It's high time they stopped charging extra for all the various types of milk."
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?
The next expected earnings date for Starbucks is 30 January 2025