Starbucks Corporation (SBUX)
| Market Cap | 109.13B |
| Revenue (ttm) | 35.98B |
| Net Income (ttm) | 4.12B |
| Shares Out | 1.14B |
| EPS (ttm) | 3.58 |
| PE Ratio | 26.82 |
| Forward PE | 22.69 |
| Dividend | $2.28 (2.38%) |
| Ex-Dividend Date | Feb 8, 2024 |
| Volume | 6,135,654 |
| Open | 95.88 |
| Previous Close | 95.93 |
| Day's Range | 95.35 - 96.35 |
| 52-Week Range | 89.21 - 115.48 |
| Beta | 0.97 |
| Analysts | Buy |
| Price Target | 114.52 (+19.28%) |
| Earnings Date | Feb 1, 2024 |
About SBUX
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The ... [Read more]
Financial Performance
In 2023, Starbucks's revenue was $35.98 billion, an increase of 11.55% compared to the previous year's $32.25 billion. Earnings were $4.12 billion, an increase of 25.69%.
Financial StatementsAnalyst Forecast
According to 23 analysts, the average rating for SBUX stock is "Buy." The 12-month stock price forecast is $114.52, which is an increase of 19.28% from the latest price.
News
How McDonald's, Chipotle, Starbucks are preparing for the fast-food worker battles to come in 2024
McDonald's, Chipotle, Starbucks, Taco Bell, Shake Shack, In-N-Out Burger and other fast-food restaurants hope they dodged a bullet in the minimum wage hike.
Morgan Stanley, Starbucks, Tesla: 2024 leadership in focus
Various companies have experienced a changing of the guard in leadership in 2023. With 2024 just days away, these companies and fresh CEOs prepare to face new challenges.
Starbucks CEO says ‘We stand for humanity,' looks to separate company from Israel-Palestine statements by labor union
The chief executive of Starbucks Corp. thinks the recent spike in vandalism at some of its coffee-shop locations is based on a “misrepresentation” of the company's beliefs on the Israel-Hamas war.
Union battles to watch in 2024 include Starbucks, teachers, teamsters, IATSE, Boeing
2023 was a historic year for worker strikes, from the Hollywood actors and writers to the United Auto Workers. The labor movement seems to be prepared to continue to march on into 2024, with Starbucks...
Starbucks CEO says 'misrepresentation' fueling protests against company stance on Israel-Hamas war
Starbucks CEO Laxman Narasimhan told employees in a memo that protestors over the company for its stance on the Hamas-Israeli war is being fueled by "misrepresentation."
Strategic Organizing Center Comments on Starbucks' Recent Efforts to Reframe its Track Record of Human Capital Mismanagement
WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today addressed the recent series of lab...
Starbucks says protestors against coffee chain 'influenced by misrepresentation'
Dec 19 (Reuters) - Starbucks (SBUX.O) CEO Laxman Narasimhan said on Tuesday people protesting against the company over its stance on the Israel-Hamas war have been "influenced by misrepresentation on ...
Starbucks CEO's memo tackles 'misrepresentation' concerns
Starbucks (SBUX) CEO Laxman Narasimhan penned a holiday memo on Tuesday addressing the recent backlash the company has faced over perceived stances related to LGBTQ+ issues and the Israel-Hamas confli...
Small cap coffee stock Westrock goes north as SBUX slides
With Starbucks shareholders swallowing ‘venti' losses in recent weeks, Westrock Coffee Company, LLC NASDAQ: WEST investors are sipping on some nice gains.
Starbucks closed 23 stores to deter unionizing, US agency says
A U.S. labor agency is seeking to force Starbucks Corp to reopen 23 stores that were allegedly shuttered last year to discourage a nationwide union campaign, the latest case to accuse the coffee chain...
Starbucks could be forced to reopen at least 23 stores for violating union laws: feds
Federal regulators could force Starbucks to reopen 23 locations after officials accused the coffeehouse chain of illegally shuttering the outposts to suppress union organizing activity.
Federal Regulators Seek to Force Starbucks to Reopen 23 Stores
The National Labor Relations Board says the locations were closed because of union organizing, violating federal law.
Starbucks labor report demanded by shareholders calls for better training on union issues
Starbucks should better communicate its commitment to workers' collective bargaining rights and train its employees to respect those rights, according to an independent assessment released Wednesday.
Starbucks did not use 'anti-union playbook' against employees - report
Starbucks did not engage in any anti-union practice during its contract negotiations with union employees at its U.S. stores, a report based on a third-party inquiry showed on Wednesday.
CosMc's is gunning for afternoon coffee sales. But Starbucks shouldn't worry, analyst says
CosMc's drinks aren't much cheaper than those at Starbucks, and the McDonald's spinoff lacks the same human touch and scale as the coffee giant.
Starbucks proposes restarting union talks, reaching labor deals in major reversal
Workers United said the last bargaining session between the two sides was May 23.
Starbucks Tells Union It Wants to Resume Contract Talks
After the coffeehouse chain proposed terms for contract negotiations, Workers United, which represents 9,000 employees, said it was open to productive steps.
Starbucks tells union it wants to resume contract talks in January
Starbucks and the union, Workers United, have hit a stalemate in the nearly two years since the first company-owned U.S. cafes unionized.
McDonald's Is Entering the Starbucks Orbit With a New Chain. CosMc's Lifts Off.
The beverage-focused chain's first location opens in the Chicago area this week.
Starbucks loses $12B market cap amid sales concerns, boycotts over Israel
Starbucks has seen nearly $12 billion erased from its market value during the past month as sales reportedly have slowed amid tighter consumer wallets and growing labor strife — with some even specula...
Starbucks Stock Regains Footing After 12-Day Slump
Starbucks stock rose Wednesday, putting it on pace to break a record 12-day losing streak driven by concerns about a holiday season sales slump.
Cramer's Mad Dash: Starbucks & P&G
CNBC's Jim Cramer delivers his daily Mad Dash.
3 Charts For Investors to Watch Wednesday
Stocks ended Tuesday's trading session mixed as pockets of strength in the technology, consumer cyclical, and healthcare sectors offset weakness across the industrial and energy sectors. A report that...
3-Stock Lunch: SBUX, HOOD & ALB
Jerry Castellini, CastleArk Management chief investment officer, joins ‘Power Lunch' to discuss three stocks: Starbucks, Robinhood and Albemarle.
Starbucks Declares Quarterly Cash Dividend
SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The di...