Starbucks (SBUX) is facing a new wave of challenges as thousands of its employees have gone on strike in the midst of the busy holiday season. The strike, organized by Starbucks Workers United, comes as employees demand better pay, improved working conditions, and stronger protections against unfair labor practices. With over 200 stores impacted [...]
Shares of Starbucks (SBUX) were down roughly 4% yesterday during after-hours trading, but they’ve leveled off this morning since the market opened and are relatively flat on the day. This all comes after the company reported quarterly earnings that left much to be desired. A profit of 80 cents per share was a massive [...]
Starbucks (SBUX) let CEO Laxman Narasimhan go barely a year into the job, replacing him with previous Chipotle Mexican Grill CEO Brian Niccol. After the stock lost as much as 20% through 2024, this was the turnaround investors had been desperate for. The stock gained 23% on the news. The news sent Chipotle shares [...]
