Starbucks will stop surcharges on non-dairy milk ahead of the holidays.CEO Brian Niccol announced the change during a Wednesday earnings call.The new policy will save some customers as much as 10% on their orders, Niccol said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...

Starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks. The change goes into effect Nov. 7 and follows years of pleading from customers to eliminate the extra fee, especially as milk alternatives have grown more popular. More recently, Starbucks has seen its U.S. sales fall as its higher prices scare away occasional customers whose wallets have already been stretched by inflation. "This is just one of many changes we'll make ...

Key Takeaways Starbucks reported $9.1 billion in revenue, less than analysts' expectations, also missing expectations for net income and same-store sales. The java giant's stock fell in late trading shortly after the results were released. CEO Brian Niccol said the coffee chain would work hard to lure back customers. Starbucks (SBUX) reported declining sales in its most recent quarter, ending its fiscal year on a down note. The coffee chain's net revenue fell 3% to $9.1 billion, while comparable store sales ...

Starbucks' new CEO, Brian Niccol, is set to lay out plans to turn around the struggling coffee chain. "It is clear we need to fundamentally change our strategy to win back customers," he said Wednesday. The company released preliminary numbers last week. Insider Today NSIDER TODAY Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics ...

Global Comparable Store Sales and Revenues - Global comparable store sales declined 7% in Q4 FY2024, with consolidated net revenues down 3% to $9.1 billion[2] - Full fiscal year 2024 global comparable store sales declined 2%, with consolidated net revenues up 1% to $36.2 billion[4] U.S. Comparable Store Sales - U.S. comparable store sales declined 6% in Q4 FY2024, driven by a 10% decline in transactions, partially offset by a 4% increase in average ticket[3] China Comparable Store Sales - China comparable store sales declined 14% in Q4 FY2024, with an 8% decline in average ticket and a 6% decline in transactions[3] Earnings Per Share (GAAP and Non-GAAP) - GAAP earnings per share for Q4 FY2024 was $0.80, down 25% year-over-year[2] - Non-GAAP earnings per share for Q4 FY2024 was $0.80, declining 24% on a constant currency basis[2] - Full fiscal year 2024 GAAP earnings per share was $3.31, down 8% year-over-year[4] - Full fiscal year 2024 non-GAAP earnings per share was $3.31, declining 6% on a constant currency basis[4] - Diluted net earnings per share (GAAP) for Q3 2024 decreased by 24.5% to $0.80 compared to $1.06 in Q3 2023[16] - Non-GAAP EPS for Q3 2024 also decreased by 24.5% to $0.80, with a constant currency impact of 0.9%, resulting in a 23.6% decline in constant currency[16] - Full-year diluted net earnings per share (GAAP) for 2024 decreased by 7.5% to $3.31 compared to $3.58 in 2023[16] - Full-year Non-GAAP EPS for 2024 decreased by 6.5% to $3.31, with a constant currency impact of 0.9%, resulting in a 5.6% decline in constant currency[16] Fiscal 2023 Adjustments and Costs - Fiscal 2023 included restructuring and impairment costs of $0.02 per share[16] - Fiscal 2023 included a gain from the sale of assets of $0.08 per share[16] - Fiscal 2023 included transaction and integration-related costs of $0.00 per share[16] - Fiscal 2023 included an income tax effect on Non-GAAP adjustments of $0.02 per share[16] Guidance and Dividend - The company suspended guidance for FY2025 due to CEO transition and business assessment[4] - Quarterly cash dividend increased from $0.57 to $0.61 per share, reflecting confidence in long-term growth[5]

More than ever, the market needs a reason to believe in this company.Starbucks (SBUX -0.06%) is in front of its official fiscal 2024 fourth-quarter earnings release, and those numbers aren't going to look good. After all, the world received a big sneak preview last week with the coffee slinger's preliminary release of some key figures for the period. For the most part, they were concerning at best and frightening at worst.With new leadership pledging to return Starbucks to its roots as a cozy neighborhood c ...

Starbucks Corporation SBUX will release earnings results for its fourth quarter, after the closing bell on Wednesday, Oct. 30.Analysts expect the Seattle, Washington-based bank to report quarterly earnings at $1.03 per share, down from $1.06 per share in the year-ago period. Starbucks projects to report revenue of $9.37 billion for the recent quarter, compared to $9.37 billion a year earlier, according to data from Benzinga Pro.Starbucks recently reported preliminary financial results for the fourth quarter ...

Starbucks' controversial line of olive oil-infused drinks will leave U.S. stores in early November. The decision to remove the Oleato drinks from domestic menus predates newly installed CEO Brian Niccol, who arrived at Starbucks in early September, a company spokesperson said. However, it aligns with Niccol's strategy to simplify menus as part of a broader turnaround scheme to go "back to Starbucks," the spokesperson said. Bloomberg first reported the news of the drinks' departure. Starbucks is set to repor ...

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Starbucks Corporation (NASDAQ:SBUX) on behalf of long-term stockholders following a class action complaint that was filed against Starbucks on August 28, 2024 with a Class Period from November 2, 2023 to April 30, 2024. Our investigation concerns whether the board of directors of Starbucks have breached their fiduciary duties to the company. ...

Starbucks office workers will risk losing their jobs if they fail to comply with the company’s hybrid work requirement that employees are in the office three times a week.According to the Wall Street Journal an internal message sent to employees warns that an “accountability process” will start in January 2025. Consequences for non-compliance are “up to, and including, separation”, according to the company message.“We are continuing to support our leaders as they hold their teams accountable to our existing ...