Starbucks Corporation

SBUX

US8552441094

Restaurants & Bars

Delayed Nasdaq Other stock markets 04:00:00 2026-01-16 pm EST			5-day change	1st Jan Change
92.99 ^USD	-0.31%		+4.62%	+10.43%

09:05pm	Sweetgreen, Inc. Announces Resignation of Chris Tarrant as Chief Development Officer	CI
Jan. 15	Citigroup Adjusts Price Target on Starbucks to $94 From $83, Maintains Neutral Rating	MT

Starbucks Will Close 1% of Stores, Cut 900 Jobs

Published on 09/25/2025 at 02:59 pm EDT

MT Newswires

Starbucks Corporation

-0.31%

Starbucks (SBUX) is trying to save more money. It's closing 1% of its stores in the US and Canada, and it's cutting 900 jobs. Wall Street might have wanted to see deeper cuts for a company with 360,000 employees as of last year and 41,000 locations globally. Bloomberg's Shelly Banjo reports.

Bloomberg videos, provided by MT Newswires

Latest news about Starbucks Corporation

09:05pm	Sweetgreen, Inc. Announces Resignation of Chris Tarrant as Chief Development Officer	CI
Jan. 15	Citigroup Adjusts Price Target on Starbucks to $94 From $83, Maintains Neutral Rating	MT
Jan. 14	VCI Global Limited Secures First Enterprise Asset Supply Partner for Its RWA Exchange, Unlocking Global Merchant Network Including Starbucks and Pizza Hut	CI
Jan. 14	Paramount Skydance Corporation Announces Board and Committee Changes, Effective January 13, 2026	CI
Jan. 14	Coca-Cola scraps Costa Coffee sale, FT reports	RE
Jan. 09	Mizuho Adjusts Price Target on Starbucks to $86 From $83, Maintains Neutral Rating	MT
Jan. 07	Barclays Adjusts Price Target on Starbucks to $110 From $95, Maintains Overweight Rating	MT
Jan. 06	US Restaurant 2026 Same-Store Sales Seen Improving 'Modestly' as Macro Risks Persist, UBS Says	MT
Dec. 22	Starbucks Announces Management Changes	CI
Dec. 19	Starbucks taps Amazon's Anand Varadarajan as new chief technology officer	RE
Dec. 19	Starbucks Names Anand Varadarajan as Chief Technology Officer	MT
Dec. 19	Del Vecchio heir buys 30% of Il Giornale in push for Italian media hub	RE
Dec. 18	Starbucks supplier Cuisine Solutions hires Morgan Stanley and Rothschild for potential sale, sources say	RE
Dec. 18	Wall St closes higher fueled by tech rally, soft inflation data	RE
Dec. 18	Wall St gains as inflation data and tech stocks fuel rally	RE
Dec. 18	Tidal wave of Chinese tea brands place bets on winning over American tastebuds	RE
Dec. 17	Goldman Sachs Adjusts Price Target on Starbucks to $95 From $97, Maintains Neutral Rating	MT
Dec. 11	Starbucks workers' union takes month-long strike to more cities	RE
Dec. 11	Sector Update: Consumer Stocks Mixed Pre-Bell Thursday	MT
Dec. 11	Markets Wanted a Party. The Economy Brought a Reality Check.
Dec. 11	Starbucks Workers Union Says Month-Long Strike Expands to 36 More Stores	MT
Dec. 11	Starbucks workers' union expand month-long strike to more cities	RE
Dec. 11	Starbucks Workers United says hundreds of new union baristas are walking off the job in 34 cities	RE
Dec. 10	Starbucks Sued by Florida Over Hiring Quotas, Practices	MT
Dec. 04	Starbucks Workers United says hundreds of new union Starbucks baristas join longest ULP strike	RE

Chart Starbucks Corporation

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SBUX: Dynamic Chart

Company Profile

Starbucks Corporation specializes in owning and operating coffee shops. The group also develops a coffee roasting activity. Net sales break down by source of revenue as follows: - sales within company-operated coffee shops (82.7%): as of September 28, 2025, owned a network of 21,514 coffee shops under the Starbucks Coffee®, Teavana®, Ethos®, Starbucks Reserve® and Princi® brands; - sales within licensed stores (1.7%): 19,476 licensed stores located primarily in the United States (6,813), Korea (2,077), Latin America (1,813) and the United Kingdom (900); - other (5.6%): sales of coffee, beverages and food products for companies, hotels, hospitals, airlines, etc. Net sales break down by family of products between beverages (60.6%), food (19%) and other (20.4%). Net sales are distributed geographically as follows: the United States (72.9%), China (8.5%) and other (18.6%).

Employees

381,000

Sector

Restaurants & Bars

Calendar

Jan. 28 - Q1 2026 Earnings Release

More about the company