Starbucks is giving its new CEO a huge pay package and not making him move to Seattle
Starbucks' incoming CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant.
Starbucks founder Schultz says company needs to refocus on coffee as sales struggle
Former Starbucks CEO and founder Howard Schultz says the companyโs leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales.
Starbucks lowers guidance, promises new drinks and deals after customer traffic fell in weak Q2
Starbucks lowered expectations for its full-year sales and profit after a disastrous quarter that saw a slowdown in store visits across the world.
Starbucks reports record Q1 revenue but lowers outlook as consumer spending falls in some markets
Starbucks on Tuesday reported record revenue in its fiscal first quarter but lowered its sales outlook for the rest of the year as spending weakens in China and other markets.
Pumpkin spice helps Starbucks posts record sales, but growth may moderate in coming year
Customers fell for Starbucksโ fall menu in its fiscal fourth quarter, helping the company achieve record revenue with Pumpkin Spice Lattes and apple croissants.
Starbucks reports record revenue as China booms, but sales still fall short of expectations
Starbucks reported record revenue in its fiscal third quarter as sales in China roared back to life.