The coffee chain’s stock jumped after a better-than-expected earnings report.
Category: Coffee
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Food Prices Keep Climbing, Rattling Consumers and Trump
Weather, supply, tariffs, labor and changing consumer habits continue to drive up the cost of groceries. President Trump falsely claims prices are falling.
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Trump Administration Lifts Some Food Tariffs in Effort to Ease Prices
It is walking back levies on imports including beef and coffee in what critics say is an admission that tariffs raised prices in the first place.
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Trump Officials Prepare Tariff Exemptions, Seeking to Lower Food Prices
If the proposal goes into effect, it would be the latest rollback of one of President Trump’s key economic policies over concerns about affordability.
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Starbucks Workers Are Striking at Dozens of Stores on ‘Red Cup Day’
More than 1,000 workers at 65 stores across the United States joined the labor action, the union representing baristas said.
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Starbucks to Sell 60% of Its China Business to a Private Equity Firm
Boyu Capital will pay $4 billion for a stake in the coffee giant’s 8,000 stores in China.
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Starbucks Reports a Modest Sales Increase in Latest Quarter
Net income fell 85 percent, however, because of charges related to store closures and corporate layoffs.
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Starbucks to Cut Jobs, Close Stores and Take $1 Billion Hit in Revamp Effort
The coffee chain said it would shutter some underperforming U.S. stores and eliminate 900 corporate jobs as part of a plan to build “a better, stronger and more resilient Starbucks.”
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Trump’s Tariffs on Brazil and Vietnam Are Making Coffee More Expensive
Coffee prices are up nearly 21 percent over the past year, partly because of President Trump’s punishing tariffs on Brazil and Vietnam.
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The Starbucks C.E.O. Trying Hard to Deliver Your Drink Right, and Fast
Improved service, better seating and heartfelt messages are at the heart of Brian Niccol’s turnaround plan, but baristas say they’re under pressure.
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Here’s What to Know About Trump’s 50% Tariffs on Brazil
Latin America’s biggest economy can weather the shock of a high tariff rate. But American coffee lovers and Brazilian ranchers are likely to feel the pain.
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Starbucks Earnings Show Same-Store Sales Slid Amid Turnaround Effort
The C.E.O., Brian Niccol, said the coffee chain’s turnaround is in progress, and sales in China increased for first time in more than a year.