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The Latest Breaking News from Howard Schultz

4 Starbucks Analysts On Q2 Earnings: Brewing China Concerns, Strong US Demand And More

Starbucks shares were rallying Wednesday after the coffee chain reported a second-quarter sales beat. The quarter was helped by strong growth and momentum in the North American segment. The big headwind facing the company is the impact of the China region, which analysts highlighted after the print.

Benzinga

‘Pure propaganda’: inside Starbucks’ anti-union tactics

In a state where labor culture isn’t strong, a Denver store’s union drive is notable. As soon as it was announced, high-ranking company figures began visiting

The Guardian - US

Starbucks says employees getting new benefits, but not at stores that are unionizing

On an investor call, Starbucks interim CEO Howard Schultz said the company was investing $1 billion to raise wages, enhance benefits and modernize stores. But unionized stores won't get some of that.

WEKU

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Starbucks results trail estimates on higher costs, China woes

Starbucks Corp.’s U.S. operations beat expectations in the coffee chain’s latest quarter, giving interim Chief Executive Officer Howard Schultz a welcome development even as he contends with high inflation and Chinese Covid measures that hurt performance there.

Tribune News Service

Why Stephanie Link Is Watching Starbucks And This Stock Down Nearly 30% YTD

Hightower Advisors' Stephanie Link believes we are still in the midst of a bull market. Accordingly, she has identified a couple of stocks well off their highs that she would like to buy on any further weakness.

Benzinga

Why Starbucks has become a huge unionization target — and why the company is in a panic

On April 7, Madison Hall, a barista and union organizer at the Starbucks store on Long Beach's bustling 2nd Street commercial strip, was invited to a session the next day to "meet with and co-create with upper-level management," Hall says.

Los Angeles Times

Starbucks CEO's union-busting efforts

"Starbucks is getting desperate as it loses this war in battle after battle," said the union

Salon

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Starbucks Appoints Former McDonalds Executive To Drive Technology Changes: Reuters

Starbucks Corp (NASDAQ:SBUX) has appointed Deb Hall Lefevre as Chief Technology Officer, effective May 2, Reuters reported. Lefevre was previously with McDonald's Corp (NYSE:MCD), where he oversaw all aspects of technology for its roughly 14,000 U.S. restaurants. The report noted the move comes as the returning CEO Howard Schultz is mulling changes to the company's…

Benzinga

Starbucks Eyes Changes to Mobile App, Drive-Thrus, Taps Ex-McDonald’s Exec

Starbucks has hired a former McDonald's executive to oversee technology as returning CEO Howard Schultz explores changes to the coffee chain's drive-thru, mobile order-and-pay and other systems. Deb Hall Lefevre will become Starbuck's chief technology officer on May 2, according to a spokesperson.

Asharq Al-Awsat

Staff at Starbucks flagship store vote to unionize in major victory for nationwide campaign

Workers win biggest election yet with victory in coffee giant’s hometown

The Independent UK

Union drive at Manhattan roastery shows spirit of Starbucks workers

Since the first successful drive in Buffalo, 18 US locations have unionized – including at the chichi New York ‘reserve’

The Guardian - US

Starbucks Plans Better Benefits For Some Workers In Bid To Discourage Unionization

Starbucks Corporation (NYSE: SBUX) is going all out to ward off store workers from unionizing, according to a Wall Street Journal report from Wednesday. This comes

Benzinga

Is Starbucks a Buy After Dropping 30% in 2022?

Shares of coffee chain operator Starbucks (SBUX) have plummeted in 2022. This was in part due to the founder, Howard Schultz, suspending the billion-dollar share repurchase program, after being appointed as interim CEO. However, with robust global demand, will the stock be able to regain momentum soon? Read more to…

StockNews.com

Morning Brief: Top Stories Dominating Financial Media on Wednesday, April 6

CNBC Global Government Debt Expected To Swell To $71 Trillion In 2022

Benzinga

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Salon

Sanders praises union movement

If you think union wins at Amazon and Starbucks are an "aberration," you would be "sorely mistaken," Sanders says

Benzinga

Starbucks To Enter NFT Business This Year, CEO Touts 'Heritage' Advantage

Starbucks Corp (NASDAQ: SBUX) plans to get into the non-fungible token (NFT) business before the end of the year.

The Independent UK

Starbucks fires union organiser at centre of government complaint accusing company of retaliation

News comes as CEO Howard Schultz warns against ‘threat of unionisation’

Bangkok Post

Starbucks interim CEO Schultz to suspend share buyback programme

NEW YORK - The newly installed interim chief executive of Starbucks Howard Schultz announced Monday he will suspend a share repurchase programme as the chain navigates a challenging landscape amid a growing unionisation push.

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Chicago Sun-Times

Starbucks pledges to invest more in employees and stores

Workers at six Starbucks stores have voted to unionize since December, with at least 140 more in 27 states filing petitions for union elections.

Tribune News Service

Sanders, investors warn Starbucks on response to unionization

Coffee chain Starbucks Corp. is facing calls from Sen. Bernie Sanders and investors to refrain from infringing on employees’ efforts to unionize, as it and other companies are under increasing pressure to improve human capital management.

Roll Call

Sanders, investors warn Starbucks on response to unionization - Roll Call

Sen. Bernie Sanders and ESG investors are urging Starbucks to stop what they call "union-busting" actions as employees try to organize.

Tribune News Service

Workers at a Seattle Starbucks vote to unionize, hoping to send a signal of change to the food-service industry

SEATTLE — A mile away from the flagship location where Starbucks launched in Seattle 50 years ago, a small group of local Starbucks employees huddled around an iPad under the bright lights of a hotel conference room and watched as they became the only unionized company-owned store in town.

The Independent UK

Seattle Starbucks unionizes in coffee giant's home city

Baristas and other employees at a Seattle Starbucks have voted to unionize, the first such vote in the city where Starbucks originated and the latest in a nationwide push to organize the coffee shop chain

The Independent UK

Labor foe Schultz returns as Starbucks union effort grows

From the time he bought Starbucks in 1987 to the time he stepped down as chairman in 2018, Howard Schultz successfully fought attempts to unionize Starbucks’ U.S. stores

Benzinga

5 Starbuck Analysts On Howard Schultz's Return To C-Suite: 'Steady Hand'

On Wednesday, Starbucks Corporation (NASDAQ: SBUX) CEO Kevin Johnson announced he is retiring after five years in the position.

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