Starbucks News & Media
Cold drinks drive Starbucks global growth, CEO defends China
by Cherryh Cansler — Editor, FastCasual.com
Overall, Starbucks had a solid Q3, but Johnson defended the company's lower-than-expected numbers in China, calling the health of the business there strong.
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Starbucks, Nestle advance global collaboration strategy
July 27, 2021
Starbucks and Nestle are aiming to bring Starbucks ready-to-drink beverages to Southeast Asia, Oceania and Latin America.
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Starbucks promotes Culver, Conway, Burns to leadership roles
June 16, 2021
Starbucks Corp. has promoted John Culver, who has led the international division for 15 years, to group president, North America, according to a press release.
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Starbucks CEO: 'US sales have fully recovered'
by Cherryh Cansler — Editor, FastCasual.com
Starbucks CEO Kevin Johnson not only outlined the five consumer behaviors driving the chain's strategy but also revealed how artificial intelligence and store…
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Starbucks on slow path to recovery, COO stepping down
by Cherryh Cansler — Editor, FastCasual.com
Although sales fell short of Wall Street's expectations, Q1 earnings of 61 cents per share topped estimates of 55 cents per share but declined 22.8…
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Starbucks working to boost COVID-19 vaccine access
January 19, 2021
Starbucks has joined the Washington State Vaccine Command and Coordination Center, a statewide public-private partnership to boost vaccine distribution efforts…
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2020's most-downloaded foodservice apps revealed
January 11, 2021
UberEats, McDonald's and DoorDash were the the top 3 most-downloaded apps in the food and beverage category in 2020, according to Apptopia, a firm that tracks…
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Starbucks names new EVP/CFO
January 8, 2021
Patrick Gismer Patrick Grismer is retiring from his role as Starbucks executive vice president and CFO effective Feb. 1, 2021. Rachel Ruggeri…
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Starbucks names asset management CEO as non-executive board chair
December 9, 2020
Starbucks Corporation has named Mellody Hobson as it non-executive board chair. Hobson, who will take on the role in March 2021, is the co-CEO of asset…
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Starbucks, Panera Bread, McDonald’s winning the digital game
November 12, 2020
Digital sales will make up over 50% of limited-service restaurants' business by 2025, according to a study by Incisiv, which also predicted that although…
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Starbucks opening in Laos
November 2, 2020
Starbucks Coffee Company is opening its first Laos location next year in the capital city of Vientiane, located on the banks of the Mekong River near the…
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Starbucks New Zealand owner buys Burger King New Zealand
October 20, 2020
Tahua Partners — which owns the Starbucks franchise in New Zealand — will buy Burger King New Zealand. Antares Restaurant Group currently owns the chain in the…
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Starbucks linking exec pay to diversity targets
October 15, 2020
Starbucks CEO Kevin Johnson told employees this week that the company is committed to elevating diversity within its ranks by achieving Black, Indigenous and…
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Starbucks, Lyft giving free rides to the polls
October 6, 2020
As part of its goal to encourage voting this year, Starbucks is s providing all U.S. employees a free one-way Lyft ride up to $75, to the polls to vote…
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Starbucks raises dividends
October 1, 2020
Starbucks investors received good news Wednesday when the chain's board of directors approved a 10% increase in its quarterly cash dividend. Shareholders will…
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Luckin facing steep fine
September 22, 2020
Chinese-based Luckin Coffee, a pioneer in self-service coffee machines in addition to being a coffee shop chain, is one of 43 companies facing a $9 million…
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Starbucks dares to go strawless
September 10, 2020
As part of its commitment to eliminate plastic straws from its stores, Starbucks has made its strawless lids the standard for iced beverages in…
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Starbucks, Sweetgreen leading employees to the polls
by Cherryh Cansler — Editor, FastCasual.com
Two fast casual brands known for leading the industry — Sweetgreen and Starbucks — are leading their employees to the polls in November.
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Sweetgreen adds former Obama adviser, Starbucks exec to board
August 24, 2020
Sweetgreen has just scored two high-profile execs to join its board of directors — President Obama's former senior adviser, Valerie Jarrett, and Cliff Burrows…
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Starbucks connects guests to coffee with digital traceability tool
August 21, 2020
Starbucks guests will be able to get to know the people who grow, harvest, roast and prepare their coffee, thanks to the company's digital traceability…
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