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Starbucks stock could come alive as 2025 moves along, one Wall Street restaurant analyst contends. ... Non-GAAP operating profit margins fell 380 basis points from the prior year to 14.4%.
Data source: Starbucks. Starbucks' 2023 fiscal year ended Oct. 1, 2023. For the fiscal year ended Oct. 1, 2023, Starbucks saw record-setting consolidated net revenue of $36 billion.
Starbucks' same-store sales — or sales at locations open at least a year — fell 4% compared to the same period last year. The decline was less than the 5.5% analysts anticipated, according to ...
In June 2023, Starbucks was ordered to pay $25 million in punitive damages and $600,000 compensatory damages to a former regional manager. The court found that Starbucks fired her in 2018 because she was white. [74] In October 2023, the operator of all of the Starbucks locations in Brazil, SouthRock Capital, declared itself bankrupt.
The news followed Starbucks’s blowout earnings, where the company saw quarterly sales jump 11.4% to $9.37 billion and adjusted earnings of $1.06 per share (handily beating analyst estimates of ...
Kevin R. Johnson (born October 9, 1960) is an American businessman and software engineer who was the president and chief executive officer (CEO) of Starbucks Coffee Company from 2017 to 2022.
On the day of the announcement, shares of Starbucks gained 24.5%. [36] Niccol received a starting salary of $1.6 million and a $10 million starting bonus. [ 37 ] He will also receive an additional $75 million in equity grants which are designed to pay out over time and an annual cash incentive opportunity at a target of 225 per cent of his base ...
Starbucks is planning layoffs in March. ... Ally made a similar level of cuts in October 2023, ... The news comes shortly after the company announced it had outperformed its profit expectations at ...