Boomerang Boss: CEOs who came back for seconds With his firing and rapid re-hiring, Sam Altman joins a long list of 'boomerang' CEOs, writes Adam Maguire. Business • 28 Nov
Starbucks gets sales bump from strong US demand Starbucks leaned on the hype around its Pumpkin Spice Latte and other autumn-themed drinks in North America to surpass Wall Street targets for fourth-quarter results, … Business • 02 Nov
Starbucks' former CEO Schultz to retire from board Starbucks said former CEO Howard Schultz is stepping down from its board, marking his exit from leadership at the company he helped transform into a … Business • 14 Sep
Starbucks must pay €2.5m more in racism case Starbucks has been ordered to pay an additional $2.7m (€2.5m) in lost wages and tax damages to a former regional manager who was earlier awarded … World • 20 Aug
Major global firms warn of slow China sales Global firms, including food company Kerry, consumer goods giant Unilever, car maker Nissan and machinery maker Caterpillar, have warned of slowing earnings in China as … Business • 02 Aug
Starbucks misses quarterly sales estimates Starbucks missed market expectations for quarterly comparable sales, with demand for its coffees and cold drinks showing some signs of tapering in the North American … Business • 02 Aug
Starbucks' big sales drop in China squeezes profits Starbucks' quarterly sales decline in China was four times worse than the coffee chain expected and it has no "line of sight" into when business … Business • 03 Feb
Starbucks beats Q4 sales estimate on pricey drinks Starbucks has topped Wall Street estimates for quarterly comparable sales and profits, saying it will weather any coming recession by selling customized cold drinks through … Business • 04 Nov 22
Starbucks to exit Russia after nearly 15 years Starbucks said today it will exit the Russian market after nearly 15 years as the coffee chain joins McDonald's in marking the end of the … Business • 23 May 22
Starbucks misses sales estimates on China Covid curbs Starbucks has suspended its guidance for the rest of its fiscal year as sales growth missed Wall Street targets due to China's tough Covid-19 curbs. Business • 04 May 22
Starbucks' Schultz halts stock repurchasing programme Starbucks's longtime former chief executive Howard Schultz has today announced the suspension of the company's stock repurchasing programme. Business • 04 Apr 22
Starbucks' Schultz to return as CEO Johnson retires Starbucks' longtime former chief executive Howard Schultz will return temporarily after Kevin Johnson said today that he will retire from the role on April 4, … Business • 16 Mar 22
Starbucks to increase prices to offset inflation Starbucks said it will raise menu prices in 2022 and reduce some spending to offset soaring costs for labour and goods, as rising Covid-19 cases … Business • 02 Feb 22
Starbucks sales miss as Covid-19 resurgence hits China Starbucks has missed market estimates for quarterly same-store sales, as a Covid-19 resurgence in China closed stores in several major cities and overshadowed a strong … Business • 29 Oct 21
Starbucks' quarterly sales miss estimates Starbucks missed quarterly sales estimates last night, but the coffee chain raised its annual forecast for revenue and profit on the expectation that more customers … Business • 28 Apr 21
Starbucks sales miss as virus keeps customers at home Starbucks last night reported a bigger than expected fall in quarterly sales as the renewed surge in coronavirus cases in the US kept customers at … Business • 27 Jan 21
Starbucks customer 'racially harassed' with cup drawing A Dublin Starbucks outlet has been ordered to pay €12,000 compensation to an Irish customer with Thai heritage after an employee drew what was referred … Business • 19 Jan 21
Starbucks sees better-than-expected earnings for 2021 Starbucks has forecast 2021 earnings largely above estimates, helped by strong online orders and a recovery in demand following the initial hit from the Covid-19 … Business • 30 Oct 20
Starbucks sees up to $2.2 billion hit from Covid-19 Starbucks said today it expected current-quarter operating income to plunge by up to $2.2 billion, with sales declines for the rest of the year even … Business • 10 Jun 20
Starbucks expects China recovery by September Starbucks said last night that it sees sales in China, the company's biggest growth market, recovering by the end of September. Business • 29 Apr 20
Starbucks sees 47% drop in Q2 earnings on Covid-19 hit Starbucks has forecast a 47% drop in second-quarter earnings, scrapped its full-year forecast and warned that the financial hit from the coronavirus pandemic would extend … Business • 09 Apr 20
Firms excluded from epidemic insurance face heavy costs Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus … Business • 29 Jan 20
Starbucks sees virus hit as it shuts 2,000 China stores Starbucks has become the first major US company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands … Business • 29 Jan 20
ECJ overturns illegal state aid case against Starbucks Europe's highest court has overturned a case against the coffee giant Starbucks which was accused by the European Commission of enjoying illegal state aid through … Business • 24 Sep 19
Starbucks posts best sales growth in three years Starbucks attracted more customers in the latest quarter on an expanded line up of beverages and food offerings in the US and China, leading the … Business • 26 Jul 19
