A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California.Starbucks and Workers United, which represents roughly 500 of its cafes, said Friday that they made "significant progress" in their contract talks this week.The two parties discussed a process to resolve grievances, details related to the union's representation of ...

Starbucks Corporation (SBUX) is scheduled to report second-quarter fiscal 2024 results on Apr 30, after the closing bell. In the last reported quarter, the company recorded an earnings miss of 2.2%.Q2 EstimatesThe Zacks Consensus Estimate for earnings is pegged at 80 cents per share, indicating growth of 8.1% from the year-ago levels. In the past seven days, the consensus estimate for earnings has witnessed downward revisions by 1.3%. The Zacks Consensus Estimate for revenues is pegged at $9.15 billion, imp ...

Wall Street analysts expect Starbucks (SBUX) to post quarterly earnings of $0.80 per share in its upcoming report, which indicates a year-over-year increase of 8.1%. Revenues are expected to be $9.15 billion, up 4.9% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earn ...

Will Unions Batter Starbucks Profits? Photo by Tim Boyle / Getty Images After years of anger and ugly relationships between unions wanting to organize workers in U.S. stores and Starbucks Corp. (NASDAQ: SBUX) management, the two have decided to sit at the bargaining table. If other recent union negotiations, like those between Detroit’s automakers and the UAW, are any indication, the costs of hourly wages at Starbucks will soar.It isn’t hard to make a strong case that Starbucks underpays workers. That is ...

Oh, sweet — the ‘nanny state’ is back!Fast-food chains and coffee shops in New York City would have to slap a warning on menu boards and packaging under a new rule from the Adams administration.The city Health Department’s first-in-the-nation edict will mean labels warning on food and drinks with more than 50 grams of added sugar, including frozen coffee drinks from places like Starbucks and Dunkin’ Donuts, fountain sodas and even hot chocolate. 5 Fast-food chains and coffee shops in New York City will ha ...

ToplineStarbucks lost a labor appeal on Wednesday, requiring the coffee giant to recognize a union at its flagship store in Seattle—the same day the company reportedly restarted union negotiations, and one day after taking a different union dispute with workers in Tennessee to the Supreme Court.A circuit court sided with unionized Starbucks workers in Seattle, one day after the Supreme Court ... [+] heard oral arguments about a separate union dispute at a cafe in Tennessee.Corbis via Getty Images Key FactsT ...

Starbucks and the union that represents its baristas will resume contract negotiations on Wednesday, ending an extended stalemate.The two sides' return to the bargaining table follows their February announcement that they found a "constructive path forward" during mediation discussions related to litigation over the union's use of Starbucks' branding. It marked a major pivot for Starbucks, which had spent the previous two years battling Workers United and the broader movement to unionize its cafes.Roughly 5 ...

US supreme court justices on Tuesday appeared to agree with Starbucks in the coffee chain’s challenge to a judicial order requiring it to rehire seven employees at a Tennessee cafe who were fired as they pursued efforts to unionize.The justices heard arguments in the company’s appeal of a lower court’s approval of an injunction sought by the National Labor Relations Board (NLRB) ordering the reinstatement of the workers. It is a case that could make it harder to bring a quick halt to labor practices challen ...

Starbucks (SBUX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this coffee chain have returned -2.8% over the past month versus the Zacks S&P 500 composite's -4.2% change. The Zacks Retail - Restaurants industry, to which Starbucks belongs, has lost 2.5% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases o ...

Why Starbucks stock looks poised to rebound.Starbucks (SBUX 0.53%) has been a great stock for investors to own over the years, but more recently the stock has struggled and is down about 25% from its 52-week high.However, the coffee giant is still in growth mode, and the recent underperformance represents a great time for long-term investors to purchase the stock. Let's examine the reasons behind the stock's struggle and the potential for it to rebound.Why is Starbucks stock down?Starbucks' U.S. operations ...