Starbucks Archives - CFO

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

CFOs On the Move: Week Ending January 8

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

Starbucks Names New CFO

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

Starbucks to Tie Executive Pay to Diversity Goals

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

Starbucks Changing Format of Business District Stores

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

Starbucks Sees ‘Rapidly Evolving’ Consumer Preferences

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

Starbucks Shares Fall as Q2 Earnings Halve Amid Pandemic

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

Coronavirus Outbreak Impacting Global Business

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

Starbucks Lays Out Sweeping Goals to Combat Climate Change

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

J.P. Morgan Downgrades Starbucks to Neutral

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

Luckin Coffee Set for IPO

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

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

Starbucks Names Hyatt’s Pat Grismer as CFO

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

CFOs on the Move: Week Ending June 29

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

Starbucks CFO Stuns Wall Street With Retirement

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