|Bid||57.92 x 4000|
|Ask||58.07 x 900|
|Day's Range||57.58 - 58.38|
|52 Week Range||52.58 - 64.87|
|PE Ratio (TTM)||19.20|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||1.20 (2.10%)|
|1y Target Est||64.00|
Corp. is hoping that upcoming anti-bias training will help prevent fraught encounters like the one that led to the arrest of two black men at one of its cafes last month. Although such training has been used by companies for about two decades, its benefits are largely unproven and experts say it needs to be baked into an organization for the long term to really work. , president and director-counsel of the NAACP Legal Defense and Educational Fund, who is advising Starbucks pro bono on its anti-bias efforts.
Wall Street was licking its wounds after a week fraught with geopolitical turmoil resulted in mixed market performance. Now it's time for a shortened week with markets closed Monday, May 28, for Memorial Day. As traders return from there pied-a-terres in the Hamptons and Wall Street enters the unofficial start of those hazy days of summer, these are the things you need to know.
Avocados on everything? Starbucks, Chili's, Wendy's, Chipotle and other chains are capitalizing on rising supply https://bloom.bg/2IINJix #tictocnews (Source: Bloomberg)
Starbucks’ sale of its packaged and food service businesses to Nestlé, while a comparatively small slice of the coffee giant’s operations, could nevertheless help it sustain revenue growth while also benefiting shareholders in other ways. “We expect the Nestlé deal to result in an acceleration in the rollout of Starbucks packaged and single-serve in both Europe and the Asia Pacific, where Starbucks currently has a very limited share and Nestlé has a dominant position,” they wrote. • The analysts maintained a “neutral” rating and $58 price target, right around current levels, on Starbucks (SBUX) shares, which have roughly tracked the S&P 500 in 2018.
Profit margins are perhaps the simplest and most widely used financial ratios in corporate finance. A company's profit is calculated at three levels on its income statement, starting with the most basic – gross profit – and building up to the most comprehensive – net profit. Gross profit is the simplest profitability metric because it defines profit as all income that remains after accounting for the cost of goods sold (COGS).
Business leaders are fighting Seattle’s new head tax, collecting signatures to send the measure to the ballot. Meanwhile, Tacoma and Bellevue see opportunity.
Now that Starbucks Corp. has decided to allow anyone to use its restrooms, it faces the critical task of keeping them clean and safe. The cops were called a lot,” said Darrion Sjoquist, 21 years old, who worked as a barista at a Seattle Starbucks two years ago.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
Of the companies that saw big financial benefits from tax reform, several decided to share the wealth with their employees.
Here in Los Angeles, certain Starbucks locations are hunting grounds for paparazzi in search of the perfect shot of an artfully rumpled famous person enjoying an iced matcha in yoga attire. (Celebrities—they’re just like us!) At the intersection of that celebrity and their beverage of choice? A plastic straw. Long a default offering in restaurants…
Amazon, Starbucks, Vulcan and other companies have pledged a total of more than $350,000 toward an effort to repeal Seattle's newly passed tax on large employers intended to combat homelessness. Just days after the Seattle City Council approved the levy, the No Tax On Jobs campaign, a coalition of businesses, announced it would gather signatures to put a referendum on the November ballot to repeal it. The Washington Food Industry Association pledged $30,000.
When doors shut at thousands of Starbucks Tuesday afternoon, employees will huddle around tool kits meant to help them work together in small self-guided groups.
Starbucks Corp (SBUX.O) on Wednesday revealed details of the employee anti-bias training programme that will take place behind closed doors at 8,000 U.S. company-owned cafes on the afternoon of May 29. Starbucks announced plans to shutter stores and corporate offices to train 175,000 employees after the controversial April 12 arrests of two black men, who were detained for hours after the manager of a Philadelphia Starbucks called police because they had not made purchases and refused to leave. The arrests of Donte Robinson and Rashon Nelson, who were waiting to meet a friend, sparked protests and calls for a boycott of the coffee chain known for its diverse workforce and liberal stances on issues such as gay marriage.
Starbucks Corp (SBUX.O) on Wednesday revealed details of the employee anti-bias training program that will take place behind closed doors at 8,000 U.S. company-owned cafes on the afternoon of May 29. Starbucks announced plans to shutter stores and corporate offices to train 175,000 employees after the controversial April 12 arrests of two black men, who were detained for hours after the manager of a Philadelphia Starbucks called police because they had not made purchases and refused to leave. The arrests of Donte Robinson and Rashon Nelson, who were waiting to meet a friend, sparked protests and calls for a boycott of the coffee chain known for its diverse workforce and liberal stances on issues such as gay marriage.
Starbucks, a venture capitalist and grocers also are making big pledges to the campaign to repeal the head tax aimed at funding services for the homeless.
Not only that, recent controversies can have a serious impact on Starbucks stock. Only a few days ago, Starbucks was forced to apologize when one of its Los Angeles-area stores committed racial discrimination against a Latino customer. On May 29, all Starbucks locations will close to attend this mandatory event.
Starbucks's new "Use of the Third Place" policy makes it official that it welcomes anyone, paying customer or not, but the Seattle giant has a serious fine line to tread before it alienates its loyalty customers. Starbucks has apologized and been doing a lot of damage control lately after the April incident involving a Philadelphia location manager calling the cops on two black men sparked against it cries of unconscious racial bias and boycotts. The company has said it will close its more than 8,000 company-owned U.S. stores on the afternoon of May 29 to provide to its nearly 175,000 U.S. employees “racial-bias education geared toward preventing discrimination.” Both Starbucks Founder Howard Schultz and CEO Kevin Johnson have apologized on behalf of the Seattle coffeehouse giant.
IN THE NEWS "Shark Tank" star Kevin O'Leary visited Benzinga HQ yesterday. He loves his Tesla (NASDAQ: TSLA ) car, but hates the stock: Link Analyst Ivan Feinseth of Tigress Financial doubts ...
Starbucks (SBUX) is winning the in-store mobile-payments war, beating tech heavyweights Apple, Google, and Samsung Electronics at their own game. The cafe chain's mobile-payment service will be used by 23.4 million Americans this year, edging Apple (AAPL), with 22 million. Alphabet's (GOOGL) Google unit, with 11.1 million users, and Samsung (South Korea: 005930), with 9.9 million, lag far behind, according to an eMarketer report released today.
Tech giants Google, Apple, and Samsung are racing to become the mobile-payment platform of choice worldwide. But for now, the king of the category is a coffee company: Starbucks. More than 23.4 million people will open the Starbucks app to pay for their coffee or tea at least once every six months in 2018, according…
Amazon, Starbucks, and Kroger are among the companies who have donated at least $25K toward an effort to repeal Seattle's newly passed tax on large employers. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer, and Julia La Roche discuss if they can make it happen.
Starbucks has announced changes to its bathroom policy and plans "racial bias" training for staff after two black men were arrested while sitting in a Starbucks last month. Dr. Tanisha Ford, associate professor of Africana Studies and History at the University of Delaware, joins CBSN to talk about what the training next week will look like and how companies can combat racial bias.