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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Starbucks Corporation    SBUX

STARBUCKS CORPORATION

(SBUX)
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Starbucks to hike U.S. employee pay at least 10%: memo

11/18/2020 | 05:52pm EST
FILE PHOTO: A Starbucks cafe is seen in Los Angeles

NEW YORK (Reuters) - Starbucks Corp will hike pay for baristas, shift supervisors and cafe attendants at its U.S. outlets by at least 10% effective Dec. 14, according to an internal memo seen by Reuters.

The world's largest coffee chain will also boost starting pay by 5% in order to help attract and retain employees.

The memo, dated Nov. 2, was first reported by Business Insider on Wednesday.

The increase is "one of the most substantial investments in pay in our company's history," Rossann Williams, Starbucks' president of U.S. retail, wrote in the memo.

Employees with the company for three years or more will get at least an 11% pay hike, and the company will increase the premium it already pays above minimum wage in every market, it said.

(Reporting by Hilary Russ; editing by Diane Craft and Sam Holmes)

By Hilary Russ


© Reuters 2020
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Financials (USD)
Sales 2021 28 494 M - -
Net income 2021 3 161 M - -
Net Debt 2021 10 171 M - -
P/E ratio 2021 38,2x
Yield 2021 1,78%
Capitalization 120 B 120 B -
EV / Sales 2021 4,57x
EV / Sales 2022 4,27x
Nbr of Employees 349 000
Free-Float 99,8%
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Technical analysis trends STARBUCKS CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 107,34 $
Last Close Price 102,33 $
Spread / Highest target 19,2%
Spread / Average Target 4,90%
Spread / Lowest Target -9,12%
EPS Revisions
Managers and Directors
NameTitle
Kevin R. Johnson President, Chief Executive Officer & Director
Myron E. Ullman Chairman
Rosalind Gates Brewer COO, Director & Group President-Americas
Patrick J. Grismer Chief Financial Officer
Gerri Martin-Flickinger Chief Technology Officer & Executive VP
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