Starbucks’ new CEO Brian Niccol is gearing up to make another bold move in his attempts to get back the storied coffeehouse chain to its former glory. In a letter shared on Starbucks’ official website, Niccol announced a wave of corporate layoffs.
According to the...
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...
Stocks on the New York Stock Exchange rose on Wednesday after the release of the latest producer price index (PPI) report. The benchmark S&P 500 rose more than 1%, putting it on track to its largest four-day gain of the year. The tech-heavy Nasdaq...
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....
