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Starbucks’ Cost-Cutting Campaign Comes to Canada
The Wall Street Journal84d agoneutral
Starbucks’ Cost-Cutting Campaign Comes to Canada

Starbucks' campaign to cut $2 billion in costs is stretching north of the border. The coffee giant told employees Thursday that it is trimming positions and reorganizing Canadian corporate functions to help streamline operations, a Starbucks spokesman said. Several dozen employees were impacted, none of them in store-level roles.

Starbucks drops another summer surprise as competition heats up
TheStreet84d agobearish
Starbucks drops another summer surprise as competition heats up

Earlier this month, Starbucks unveiled its 2026 summer menu, featuring returning fan-favorites, new beverage innovations, expanded customization options, and a limited-time merchandise collection to drive seasonal demand. Although summer officially begins on June 21 this year, Starbucks has ...

Starbucks gets powerful new Wall Street reality check
TheStreet85d agoneutral
Starbucks gets powerful new Wall Street reality check

Starbucks (SBUX) has spent most of the past year attempting to convince Wall Streetthat its turnaround strategy is finally starting to pay off. The coffee giant has been slashing costs, restructuring operations and investing extensively in cafe performance after a challenging period of declining ...

Popular pasta chain closes 20 more restaurants
TheStreet86d agoneutral
Popular pasta chain closes 20 more restaurants

Even the biggest, most successful restaurant chains close locations regularly. Starbucks, for example, closes hundreds of locations every few years. That's because populations shift, rents increase, and other factors change that make a once-viable restaurant no longer profitable. The coffee chain, ...

Is Starbucks (SBUX) Still Attractive After A 27% Year To Date Share Price Climb
Simply Wall St.86d agoneutral
Is Starbucks (SBUX) Still Attractive After A 27% Year To Date Share Price Climb

If you have ever wondered whether Starbucks at around US$106.60 is still a solid deal or already priced for perfection, you are not alone. The stock has returned 0.8% over the past week, 6.6% over the past month, 27.0% year to date, and 29.3% over the last year, which puts recent price action front and center for anyone thinking about risk and reward. Recent headlines around Starbucks have focused on its position as a global coffee chain and how sentiment around consumer spending and branded...

Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes
Simply Wall St.86d agobearish
Starbucks Restructuring Tests Back To Starbucks Turnaround And Margin Hopes

Starbucks announced a major corporate restructuring under its "Back to Starbucks" turnaround program. The plan includes closing multiple US regional support offices and cutting about 300 corporate roles. The company expects a $400 million charge tied to the restructuring and a broader $2 billion cost-saving effort. Starbucks will consolidate US and international support functions and open a new corporate office in Nashville. For investors watching NasdaqGS:SBUX, this move comes with the...

Starbucks delivers tough update on regional offices, cuts 100s of jobs
TheStreet87d agobearish
Starbucks delivers tough update on regional offices, cuts 100s of jobs

Starbucks is trying to bring customers back to its coffeehouses, but the company’s turnaround is coming at the cost of yet another painful message for its workers. Away from the coffee houses, this time the Seattle-based coffee giant is going for corporate jobs and closing several regional support ...

Jim Cramer Shares Unmissable Insights For Starbucks (SBUX)
Insider Monkey87d agobearish
Jim Cramer Shares Unmissable Insights For Starbucks (SBUX)

We recently published Jim Cramer’s Latest Thoughts On Cisco, NVIDIA & Other AI Stocks. Starbucks Corporation (NASDAQ:SBUX) is one the stocks discussed by Jim Cramer. Coffee retailer Starbucks Corporation (NASDAQ:SBUX)’s shares are up by 22% over the past year and by 27% year-to-date. Cramer has frequently discussed the firm over the past several months and […]

Starbucks to Cut 300 Corporate Jobs as Turnaround Efforts Continue
Insider Monkey89d agoneutral
Starbucks to Cut 300 Corporate Jobs as Turnaround Efforts Continue

Starbucks Corporation (NASDAQ:SBUX) is included among the 11 Best Rising Dividend Stocks to Buy Right Now. On May 15, CNBC reported that Starbucks Corporation (NASDAQ:SBUX) is making another round of corporate job cuts as the company pushes ahead with its turnaround strategy under CEO Brian Niccol. The coffee chain said it will eliminate 300 US […]