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."
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
Starbucks Names New CFO
Rachel Ruggeri had been a longtime executive at the coffee retailer before leaving to serve as CFO at Continental Mills.
Starbucks to Tie Executive Pay to Diversity Goals
Anti-bias content will be included in all hiring, development, and performance assessment processes.
Starbucks Changing Format of Business District Stores
CEO Kevin Johnson says store traffic is down in central business districts but up in the suburbs.
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.
Starbucks Shares Fall as Q2 Earnings Halve Amid Pandemic
The coffee giant also withdrew its outlook for fiscal 2020.
Coronavirus Outbreak Impacting Global Business
Companies are cutting operations and restricting nonessential travel to mainland China as the virus spreads.
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.
J.P. Morgan Downgrades Starbucks to Neutral
The company’s rating was lowered after the stock climbed over 90% in the past 12 months.
Luckin Coffee Set for IPO
The Chinese challenger to Starbucks is going public soon after being in operation for only 19 months.