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Starbucks shares ended 2024 down 5% compared to a 23% advance for the S&P 500 . McDonald's ( MCD ) shares finished the year up slightly. A Starbucks coffee shop is seen in Yichang City, Hubei ...
Starbucks (SBUX) named Laxman Narasimhan as its new CEO, effective April 1st, 2023, as the company faces unionization efforts, ongoing inflation, and dampened sales overseas.
Starbucks' most recent quarter showed a 4% drop in global same-store sales as the company pulled back on discounts and consumers shunned the long lines at the chain. North America and US same ...
The return on equity (ROE) is a measure of the profitability of a business in relation to its equity; [1] where: . ROE = Net Income / Average Shareholders' Equity [1] Thus, ROE is equal to a fiscal year's net income (after preferred stock dividends, before common stock dividends), divided by total equity (excluding preferred shares), expressed as a percentage.
Starbucks Rewards members increased 4% year over year to 33.8 million in Q4, in line with Q2. It has yet to return to the 34.3 million in Q1. Earnings breakdown
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.
Unfortunately, Starbucks (NASDAQ: SBUX) investors haven't fared so well. Shares of the coffee chain stock have plummeted by 22% so far in 2024, vastly underperforming the broader market.
When Starbucks reported results for its fiscal 2025 first quarter (which ended Dec. 29), Niccol sounded optimistic about the early progress on this "Back to Starbucks" strategy. "We've seen a ...