Trading Profile: Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development. The company’s stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. Its stores also provide fresh food offerings; ready-to-drink beverages; and various food products, such as pastries, and breakfast sandwiches and lunch items, as well as beverage-making equipment and accessories. In addition, it licenses the rights to produce and distribute Starbucks branded products to The North American Coffee Partnership with the Pepsi-Cola Company, as well as licenses its trademarks through licensed stores, and grocery and national foodservice accounts. The company offers its products under the Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Starbucks VIA, Frappuccino, Starbucks Doubleshot, Starbucks Refreshers, and Starbucks Discoveries Iced Café Favorites brand names. As of September 22, 2015, it operated 22,000 stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington.
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Recent SBUX News from Yahoo Finance & Seeking Alpha
Starbucks union baristas walk out in push for contract talks »
STORY: More than 1,000 Starbucks unionized baristas in over 40 U.S. cities launched an indefinite strike on Thursday, intensifying their push for a collective bargaining agreement over increasing pay and staffing levels.Rey Shao is a supervisor at this downtown Manhattan location."So, what we're asking for is pretty simple and basic. We want enough hours to meet the benefits. We want enough staffing in our stores so we're not overworked. And we want to be paid enough to live in this city."The walkout coincides with Red Cup Day, a busy sales event that typically drives higher customer visits.The union warned the strike could become the largest and longest in the history of Starbucks.So far, there has been minimal impact with less than 1% of stores seeing any disruption.That's according to Starbucks, which told Reuters the union represents roughly 9,500 workers, or 4% of its cafe workforce.In April, the union voted to reject a Starbucks proposal that guaranteed annual raises of at least 2%, saying it did not offer changes to economic benefits such as healthcare, or an immediate pay hike.SHAO: "And meanwhile, our CEO is making $96 million, and he... for only four months of work, and meanwhile our CEO is riding in a private jet, and I'm barely able to afford the MTA (New York transit system) fare to go to work."The union has filed more than 1,000 charges to the National Labor Relations Board for alleged unfair labor practices.Starbucks has said it pays an average wage of $19 an hour and offers employees who work at least 20 hours a week benefits including healthcare, parental leave and tuition for online classes at Arizona State University.The union has said starting wages are $15.25 per hour in about 33 states and the average barista gets less than 20 hours per week.Both sides have blamed the other for stalling the talks, and say they are ready to return to the bargaining table.
It's Red Cup Day at Starbucks. Here's What to Do If You Miss Out. »
The limited edition red and white cup is already making the rounds on resale platforms.
Starbucks Hit by Massive Strike on Busiest Day of the Year--Over 1,000 Baristas Walk Off »
A holiday giveaway turns into a nationwide labor flashpoint, as union pressure mounts on the $100 billion coffee giant.
Disney drags the Dow lower, Starbucks workers on strike »
Yahoo Finance Senior Reporter Brooke DiPalma, Yahoo Finance Senior Business Reporter Ines Ferré, and Yahoo Finance Senior Reporter Allie Canal take a look at Thursday's market action. Disney (DIS) is dragging the Dow Jones Industrial Average (^DJI) lower. NBC Universal (CMCSA) is launching a new sports network on Monday. Unionized Starbucks (SBUX) workers in over 40 cities are walking out on strike. Watch the video above to learn more of Thursday's trending headlines. For full interviews, highlights, and key insights, check out more from Yahoo Finance Invest.
Jim Cramer on Starbucks: “Maybe the Most Controversial Stock in the 500” »
Starbucks Corporation (NASDAQ:SBUX) is one of the stocks Jim Cramer recently put under a microscope. Cramer called it an “early-stage turnaround story,” as he commented: “Alright, next, maybe the most controversial stock in the 500, it’s called Starbucks. This is an early-stage turnaround story under the leadership of the fantastic Brian Niccol. But many investors […]
Older Archived News Starbucks Corp
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- One Reason Starbucks (SBUX) Stock is Slipping Today.
- Facebook to Abandon U.K. Tax-Reduction Scheme (FB, FCAU).
- Will Starbucks (SBUX) Stock Be Helped by South Africa Expansion?.
- Stocks, Oil Struggle for Direction in Choppy Trade.
- Stocks Turn Higher Though Crude Losses Accelerate.
- Starbucks' Former COO Alstead Resigns After a Year on Leave.
- Starbucks Rewards Program Grows to 30% of U.S. Purchases: Chart.Load More News...
