Starbucks shares tumble after warning of drop in sales, profit
Starbucks has suspended its earnings forecast for next year as new CEO Brian Nicol seeks to turn around the coffee giant, which has struggled with declining demand for expensive drinks. The coffee chain also reported preliminary results for the fourth quarter, saying same-store sales, net revenue and profits were down, weighed down by weak demand […]
FACT CHECK: Will Proceeds From Wicked-Themed Starbucks Go To Aid In Palestine?
Post Shared by X Proceeds from the Wicked-themed Starbucks drinks will be donated to Palestine aid, it claims. Every Wicked drink purchased at Starbucks is donated directly to Palestine Relief 🇵🇸 🩷 pic.twitter.com/3xcfnX4moU — ☀️ (@AG7Source) October 19, 2024 Verdict: False There is no reliable evidence to support this claim. The official website for the […]
Stressed-out Starbucks baristas cite widespread understaffing in survey
According to reports, new Starbucks CEO Brian Nicol has expressed stress, complaining that he has been thrown into a “skeletal” crew as they scramble to fill a barrage of coffee orders. He said he was facing the baristas who were in trouble. An internal survey of Starbucks' 10,000 U.S. stores found that only about one-third […]
Starbucks CEO Brian Niccol phases out discounts and promotions
Starbucks' new boss is giving the company the thumbs up by cutting discounts and promotions and forcing coffee lovers to pay full price for their drinks. CEO Brian Nicol, a former Chipotle chief executive who was poached from the Seattle-based coffee house chain earlier this year, said the company was brought in last year to […]
Arizona man found dead in Starbucks bathroom after allegedly shooting himself
close video Fox News Flash Top Headlines for October 12th Here are the top headlines from Fox News Flash. Check out what's being clicked on Foxnews.com. Police in Arizona say a man shot and killed himself in a Starbucks restroom on Saturday. Gilbert police said witnesses at the Starbucks store said a man acted erratically […]
FACT CHECK: Was John Fetterman Arrested After Punching A Starbucks Barista?
Post shared on facebook Pennsylvania state senator John Fetterman claims he was arrested for punching a Starbucks barista. Verdict: False There is no evidence to support that claim. This is from a parody account. Fact check: On Tuesday, Fetterman, along with Republican senators, introduced the Stop the Scroll Act, which would require content warnings on […]
Dunkin’, Starbucks, Tim Hortons, more
Today is the perfect day to make yourself an espresso. Sunday, September 29th, national coffee daygreat deals and prizes are available. So pick yourself up today and grab a free caffeinated beverage. Here are the deals you have beans I'll be waiting: circle k Circle K is offering free coffee until October 2nd. circle k […]
Starbucks ditches Italian pastry brand Princi at Reserve stores
Starbucks will stop selling Italian brand baked goods in most of its upscale cafes, eliminating a popular label introduced by former CEO Howard Schultz. The Seattle-based coffee chain is phasing out its Princi line of pastries and other baked goods from the menus of its eight Roastery and Reserve stores in the U.S. and China. […]
Here are Wednesday's biggest analyst calls: Nvidia, Apple, Meta, Marriott, Starbucks, Roku & more – CNBC
Here are some stocks to watch on Wall Street on Wednesday: Stifel recommends buying Penumbra Stifel said it is bullish on the medical device company's stock. “We also believe PEN is well-positioned as one of the few medical technology companies with positive free cash flow and high growth.” HSBC recommends buying KKR HSBC said the […]
Starbucks ordered to reopen 2 NY stores shut down after workers unionized
A U.S. labor court ruling found that the Seattle-based coffee giant illegally closed two Ithaca stores last year in an attempt to stifle labor unionism, and a U.S. government agency has ordered Starbucks to reopen the stores. Administrative Law Judge Jeffrey Carter of the National Labor Relations Board ruled Friday that Starbucks “violated the National […]