The shares of Starbucks have dipped more than 4% in the after-market trading after the coffeehouse chain shared its preliminary earnings for the fourth quarter, which fell short of expectations and showed declining sales in key markets, including North America.
Starbucks reported $9.1 billion in...
Not everyone believes that the coffeehouse chain Starbucks will swiftly bounce back under new CEO Brian Niccol. Jefferies analyst Andy Barish is skeptical that the company can have a quick turnaround even with new leadership and has given Starbucks’ stock a rare downgrade in...
Starbucks’ stock jumped by 3.33% in after-hours trading on Friday after reports that activist investor Starboard Value has taken a stake in the company.
The size of Starboard’s stake and hedge fund’s future plans still remain under wraps. However, investors took its involvement in Starbucks...
Former Starbucks CEO Howard Schultz believes that the coffeehouse chain should not make a settlement with activist investor Elliott Management.
Elliott built up a sizeable stake in Starbucks recently and has been pushing the company to improve its underperforming stock, including demands for board representation....
Big changes are coming at the world-famous coffee-house chain Starbucks. The company announced on Monday that founder Howard Schultz officially stepped down as the company’s CEO, with former Reckitt executive Laxman Narasimhan taking over the position. Schultz will keep his seat on Starbucks’ Board...
