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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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Starbucks
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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People
CFOs On the Move: Week Ending January 8
Instacart, MasterClass, The Golden State Warriors, Chobani, Blue Apron, Model N, Domino’s Pizza, MGM Resorts, Maximus, Starbucks, PCF Insurance Services
By
Lauren Muskett
| January 8, 2021
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People
Starbucks Names New CFO
Rachel Ruggeri had been a longtime executive at the coffee retailer before leaving to serve as CFO at Continental Mills.
By
Lauren Muskett
| January 7, 2021
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Human Capital
Starbucks to Tie Executive Pay to Diversity Goals
Anti-bias content will be included in all hiring, development, and performance assessment processes.
By
Lauren Muskett
| December 3, 2020
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The Economy
Starbucks Changing Format of Business District Stores
CEO Kevin Johnson says store traffic is down in central business districts but up in the suburbs.
By
Vincent Ryan
| October 30, 2020
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The Economy
Starbucks Sees ‘Rapidly Evolving’ Consumer Preferences
The coffee chain said it expects to accelerate the development of pickup locations in major U.S. cities over the next 18 months.
By
Vincent Ryan
| June 11, 2020
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Financial Reporting
Starbucks Shares Fall as Q2 Earnings Halve Amid Pandemic
The coffee giant also withdrew its outlook for fiscal 2020.
By
Lauren Muskett
| April 9, 2020
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Strategy
Coronavirus Outbreak Impacting Global Business
Companies are cutting operations and restricting nonessential travel to mainland China as the virus spreads.
By
Lauren Muskett
| January 29, 2020
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Sustainability
Starbucks Lays Out Sweeping Goals to Combat Climate Change
By 2030, the coffee chain wants to cut carbon emissions in half and reduce half of its waste.
By
Lauren Muskett
| January 21, 2020
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Credit & Capital
J.P. Morgan Downgrades Starbucks to Neutral
The company’s rating was lowered after the stock climbed over 90% in the past 12 months.
By
Lauren Muskett
| July 29, 2019
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IPOs
Luckin Coffee Set for IPO
The Chinese challenger to Starbucks is going public soon after being in operation for only 19 months.
By
Lauren Muskett
| May 16, 2019
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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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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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People
CFOs on the Move: Week Ending June 29
Starbucks, International Paper, Enphase Energy, Royal Gold, Herc Holdings, Powell Industries, Shiloh Industries, Enviva Partners, Quantum
By
Joan Urdang
| June 29, 2018
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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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