Kevin Johnson

Starbucks’ U.S. Sales Fall Amid COVID-19 Surge
Financial Performance

Starbucks’ U.S. Sales Fall Amid COVID-19 Surge

The first quarter saw "meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic."
By Matthew Heller | January 27, 2021
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Starbucks Same-Store Sales Pick Up Steam
Financial Performance

Starbucks Same-Store Sales Pick Up Steam

The coffee chain posts a third straight quarter of accelerating sales growth, indicating its streamlining efforts are paying off.
By Matthew Heller | January 25, 2019
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Starbucks Names Hyatt’s Pat Grismer as CFO
People

Starbucks Names Hyatt’s Pat Grismer as CFO

The veteran finance executive has extensive restaurant experience, including nearly four years as CFO at Yum Brands.
By Matthew Heller | October 8, 2018
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Starbucks CFO Stuns Wall Street With Retirement
People

Starbucks CFO Stuns Wall Street With Retirement

The coffee chain's shares dip more than 3% on news that Scott Maw is leaving after just four years as finance chief.
By Matthew Heller | June 28, 2018
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Starbucks Sales Top $6B But Shares Drop 2%
Financial Performance

Starbucks Sales Top $6B But Shares Drop 2%

The coffee giant's U.S. store traffic was flat in the second quarter despite heavy Happy Hour discounting.
By Matthew Heller | April 26, 2018
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Starbucks Boosts Pay, Benefits in $250M Move
Human Resources

Starbucks Boosts Pay, Benefits in $250M Move

The coffee chain says the federal tax overhaul "accelerated" the new compensation package, with $120 million going toward a second wage hike this year.
By Matthew Heller | January 26, 2018
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Starbucks Misses Estimates With 2% Sales Rise
Financial Performance

Starbucks Misses Estimates With 2% Sales Rise

The coffee giant is being "squeezed by competitors ranging from boutique coffee sellers to lower-price rivals including McDonald's."
By Matthew Heller | November 3, 2017
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