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Starbucks reported record revenue in its fiscal third quarter as its China business roared back to life. Starbucks shares were down 1% in after-market trading Tuesday. Same-store sales — or ...
The market's very upbeat reaction to Starbucks' fairly ... It was a brutal quarter for Starbucks. Revenue of 9.4 billion was flat from the prior year. ... They put up 81% subscriber growth in 2023 ...
Revenue 1 China Mixue Ice Cream & Tea ... Starbucks: 40,199 (2024) [4] US$32.3 billion (2022) [5] 4 ... 19,384 (2023) [15] US$23.4 billion (2021) [16] [17] 9 United ...
Starbucks expects same-store sales growth between 4% and 6% in China in the coming fiscal year, up from 2% in the 2023 fiscal year. “We feel good about the overall returns that we’re getting ...
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 hit to bonuses comes after the company altered its compensation plan for senior executives in fiscal 2023. The company now bases 70% of bonus awards on financial performance, compared to 50% ...
During the announcement of a strategic plan in November 2023, executives set an explicit target of reaching 55,000 locations globally by 2030. That would seriously drive greater revenue and ...
The Seattle coffee giant said its revenue was flat at $9.4 billion for the 13-week period ending Dec. 29. That beat Wall Street's forecast of $9.3 billion, according to analysts polled by FactSet.