SBUX Stock Recent News

Starbucks CEO Brian Niccol said during a shareholder meeting that the company will continue to focus on diversity efforts, despite other companies beginning to pull back.

Zacks.com users have recently been watching Starbucks (SBUX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Starbucks has been struggling with declining sales since last year as high prices and long wait times drove customers away.

The Nasdaq Composite (^IXIC -0.18%) is officially in a correction, with the tech-heavy Nasdaq-100 index down about 12% from its recent high. And while there are some stocks that still look rather pricey, even after the downturn, there are some excellent bargains to be found for patient long-term investors.

In the closing of the recent trading day, Starbucks (SBUX) stood at $99.58, denoting a -1.53% change from the preceding trading day.

The U.S. coffee market is set for steady growth through 2028, driven by specialty coffee, RTD innovations, and shifting consumer preferences. The report analyzes segment performance, including roast/ground, pods, whole bean, instant, and mixes, while providing insights into distribution channels, advertising trends, and key industry players like Starbucks, Nestlé, and JAB Holding/Keurig Dr Pepper. It also highlights global coffee trade data, import/export trends, and retail spending behaviors. Discover market forecasts, sales growth, and strategic insights in this comprehensive U.S. coffee industry report. The U.S. coffee market is set for steady growth through 2028, driven by specialty coffee, RTD innovations, and shifting consumer preferences. The report analyzes segment performance, including roast/ground, pods, whole bean, instant, and mixes, while providing insights into distribution channels, advertising trends, and key industry players like Starbucks, Nestlé, and JAB Holding/K

Alsea's 'Hold' rating remains justified due to weak European performance, FX headwinds, and significant debt denominated in Euros and US Dollars. Despite 11.1% year-over-year sales growth in Q4 FY 2024, EBITDA declined in Europe and South America, pressuring overall profitability. Starbucks' European operations underperformed with a 7.4% decline in same-store sales, while Mexico showed modest growth.

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Starbucks booked $1.3 billion in profit in a Swiss subsidiary over a decade, a new report says. The move appeared to reduce Starbucks' tax bill in other countries.

Starbucks (SBUX -5.57%) has one of the most iconic consumer brands in the world. Its premium-priced coffee has enabled the business to experience strong profit growth over the years.