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Starbucks said Friday it’s laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround. The cuts will impact employees in support functions like marketing, human resources and supply chain management. No international employees are affected for now, but Starbucks said it is also reviewing its corporate structure outside the U.S.
Starbucks said on Friday that it is slashing 300 U.S. support roles and closing some regional offices as part of its Back to Starbucks turnaround strategy.
Starbucks is laying off 300 U.S. workers and closing several regional corporate offices in the latest move by Chief Executive Brian Niccol to turn the coffee chain around. Starbucks said the 300 U.S. corporate roles are based in Seattle along with remote positions scattered around the country. The company said it is closing regional corporate offices in Chicago, Atlanta, Dallas and Burbank, Calif. It will maintain North American regional offices in New York, Toronto and Coral Gables, Fla., along with its Seattle headquarters and a new Nashville, Tenn., corporate hub.
Despite improved sales and the impending opening of a secondary headquarters in Nashville, the coffee chain is undertaking its third round of layoffs under CEO Brian Niccol.
ChatGPT is becoming a new way for Starbucks (NASDAQ:SBUX) customers to discover drinks, even as most consumers still do not trust artificial intelligence to make everyday purchases. Only 39% do, according to research from The Harris Poll conducted with Quad...
SBUX's Q2 FY26 margin rises 110 bps to 9.4%, and EPS jumps 22%, with cost savings and moderating pressures key to sustaining earnings leverage.
One of Wall Street’s top firms just put its stamp of approval on the Starbucks (NASDAQ:SBUX) comeback story. TD Cowen upgraded Starbucks to Buy from Hold and raised its price target to $120 from $106, calling out “numerous tangible drivers” that should fuel positive sales revisions against a strong category backdrop. The call lands as ... TD Cowen Just Upgraded Starbucks to Buy: Margin Recovery, Sales Drivers Power Comeback Story
The S&P 500 Index ($SPX ) (SPY ) today is up +0.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.49%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.60%. June E-mini S&P futures (ESM26 ) are up +0.40%, and June E-mini Nasdaq futures...
Investing.com -- TD Cowen has upgraded Starbucks to Buy and raised its price target to $120, arguing that the coffee chain's turnaround is still in its "early innings" with multiple drivers that could push earnings and margins above Wall Street expectations over the next two and a half years.
Pre-Market Stock Futures: Futures are trading higher on Thursday after another wild day on Wall Street, during which the major indices moved in different directions. Another round of disturbing inflation data hit the tape as the Producer Price Index for April came in at 1.4%, the largest move higher in four years, while Producer prices ... Here Are Thursday’s Top Wall Street Analyst Research Calls: Commercial Metals, Doximity, Draftkings, Hut 8, Illumina, Lowe’s, TeraWulf, Starbucks, Whirlpool,
June S&P 500 E-Mini futures (ESM26) are up +0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.30% this morning, pointing to further gains after a tech-led rally in the previous session, while investors monitor developments from the U.S.-China talks and await a fresh batch of U.S. economic data, with particular attention on retail sales figures.
Iconic founders and long-tenured CEOs rarely walk away entirely. They migrate to the executive chairperson seat, retaining board voting power, equity alignment, and strategic influence. The pattern signals whether a handoff is clean and time-boxed or whether it carries shadow-CEO risk and strategic drift. Here is how seven landmark transitions compare. 7. Bill Gates, Microsoft ... From Bill Gates to Tim Cook: 7 Iconic CEOs Who Chose Executive Chair Over Retirement
Rising coffee prices are eating into margins at coffee chains like Dutch Bros and Starbucks, which are being cautious about raising prices on inflation-weary consumers.
Starbucks stock is showing extremely low implied volatility, setting up an opportunity to profit from a long strangle options trade.
The state of Tennessee is weighing a $30 million economic development grant for Starbucks tied to the company's forthcoming Nashville corporate office
The Consumer Price Index (CPI) rose 0.6% month-over-month and 3.8% year-over-year (higher than expected) in April, as reported by the Bureau of Labor Statistics (BLS) on Tuesday morning. Core CPI — which excludes the inflation seen in food and energy prices — rose 0.4% monthly and 2.8% annually. Yahoo Finance Senior Reporter Brooke DiPalma comes on Market Catalysts to discuss the foods and consumer categories. that saw the biggest price increases and declines last month.
Fast food companies reported strong first quarter earnings, their respective chief executives emphasizing the value being offered to consumers amid rising food costs, oil (CL=F, BZ=F) and gas prices (RB=F), and overall costs of living. Yahoo Finance Executive Editor Brian Sozzi brings on Senior Reporters Brooke DiPalma and Ines Ferré and B. Riley Wealth chief market strategist Art Hogan to talk more about the performance of fast food stocks.
A new retail report shows discount chains and restaurants are expanding fast in 2026, even as other stores continue closing.
The cuts affect cybersecurity analysts, technical product managers, systems administrators, and other roles as the company reorganizes its tech department
Starbucks Corporation (NASDAQ:SBUX) is included among the 10 Best Robinhood Stocks to Buy According to Billionaires. On May 7, Stifel analyst Chris O’Cull raised the firm’s price recommendation on Starbucks Corporation (NASDAQ:SBUX) to $117 from $115. It reiterated a Buy rating on the shares. During the company’s fiscal Q2 2026 earnings call, Chairman and CEO […]
While many fast food chains are struggling to attract diners, Dutch Bros is seeing explosive growth. In Q1 FY2026, the coffee chain reported a 30% increase in revenues year-over-year. That’s lightyears beyond competitors like Starbucks, which reported a 9% increase in revenue over the same ...
Every now and then, a limited-time offer captures the public's attention in a way that drives tremendous interest in the brand. When Starbucks, for example, first introduced the Unicorn Frappuccino, it became something people had to try at least once. McDonald's created a similar phenomenon with ...
Dutch Bros (BROS) CEO Christine Barone sits down with Yahoo Finance Executive Editor Brian Sozzi and Senior Reporter Brooke DiPalma to discuss about the coffee chain's growth timeline and when it will expand further on the East Coast, specifically in New York City.
Dutch Bros (BROS) reported last week its same-store sales grew by 8.3% in its first quarter — the coffee chain's seventh straight quarter of such growth — while also raising guidance and sales forecasts for full-year 2026. Dutch Bros CEO Christine Barone sits down with Yahoo Finance Executive Editor Brian Sozzi and Senior Reporter Brooke DiPalma to talk more about the company's "value proposition" it offers to customers contending with higher food prices and rising costs of living.
The company said that the new venue was built using a sustainability-focused design.
These top consumer brands can put money into your account every quarter for years to come.
Starbucks, NasdaqGS:SBUX, has finalized the sale of its China business to a local partner. The company reports a turnaround with strong Q2 momentum, better customer traffic, and successful menu innovation. These operational updates come alongside a current share price of $104.26. For investors watching NasdaqGS:SBUX, this combination of a China exit and Q2 progress adds fresh context beyond routine quarterly headlines. The stock is up 9.5% over the past 30 days, 24.2% year to date, and...
Dutch Bros (NYSE:BROS) reported stronger-than-expected first-quarter results and raised its full-year outlook, with management citing sustained transaction growth, food rollout momentum, beverage innovation and an accelerated development pipeline. On the company’s May 6 earnings call, Christine Bar
A mother from Portland, Oregon, is worried her soon-to-be college graduate is spending too much on specialty coffee in Starbucks. With just 30 days left before her daughter finishes school, she wants to step in and help her understand how...
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