Given the market's huge resurgence, investors might think that all stocks have been crushing it. But that isn't true.Take Starbucks (SBUX 0.12%). Shares of the coffeehouse giant have fallen 7% since the start of 2023 (as of March 5). This lags the 34% gain of the S&P 500 during that time. Some of you might view this business as a possible opportunity today.Let's look at the bull and bear arguments for this leading restaurant stock. Then you'll come away with some basic knowledge that can inform your decisio ...

A coalition of labor unions ended its proxy fight at Starbucks — months after a social media post by union officials voiced “solidarity with Palestine,” triggering calls to boycott the coffee chain after Hamas terrorists massacred more than 1,200 Israelis on Oct. 7.Starbucks and the Strategic Organizing Center — which represents the Service Employees International Union, parent of Starbucks Workers United — said Wednesday they have agreed to work towards a “foundational framework on collective bargaining” a ...

Key TakeawaysThe Strategic Organizing Center (SOC), a coalition representing unionized Starbucks Corp. workers, said Tuesday it will withdraw its board nominations, citing progress in talks.The withdrawal ends a months-long boardroom fight between the union coalition and Starbucks.The SOC decision comes after Workers United, the union representing Starbucks workers, reported significant progress with the company.Starbucks responded to the SOC announcement by saying the company is committed to "driving long- ...

The Middle East franchisee of Starbucks said Tuesday it has begun firing around 2,000 workers at its coffee shops across the region after the brand found itself targeted by activists during the ongoing Israel-Hamas war in the Gaza Strip.The Kuwait-based Alshaya Group, a private family firm holding franchise rights for a variety of Western companies including The Cheesecake Factory, H&M and Shake Shack, issued a statement acknowledging the firings at its Middle Eastern and North African locations.“As a resul ...

ToplineA coalition of labor groups has ended its proxy campaign to nominate three people for Starbucks’ board of directors amid tense labor negotiations at some Starbucks stores, after the company reported significant progress toward negotiations with the Workers United union.FILE - Starbucks employees and supporters link arms during a union election watch party Dec. 9, ... [+] 2021, in Buffalo, N.Y. Starbucks and the union organizing its U.S. workers said Tuesday, Feb. 27, 2024, they have agreed to begin t ...

WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today issued the following statement: The SOC launched our campaign for change at Starbucks this past November because we believed the Company’s response to its employees’ attempts to unionize was misguided. In our view, Starbucks’ strategy – overseen by the Board of Directors (the “Board”) – had materially damaged the value of the Company’s brand a ...

Steph Kronos, a pro-Union activist, tries to talk to Starbucks customers as she joins Starbucks workers, former employees, and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on November 16, 2023.A group of labor unions is ending its proxy fight at Starbucks, a person familiar with the matter told CNBC, after the two sides agreed last week to work toward a "foundational framework" on collective bargaining.The cessation comes after two influential prox ...

With a staggering number of locations scattered across the globe, Starbucks (SBUX -1.83%) is a ubiquitous business. Founded in 1971, the company has ascended to becoming the king of the retail coffee industry.Shares have been a huge winner historically, generating a total return of 17,000% since 1994. But as of this writing, the restaurant stock is 26% below its peak price.Before you rush to add this dominant enterprise to your portfolio, take the time to know these three facts about the company.1. Its grow ...

Investors haven't been thrilled with the latest operating results from Starbucks (SBUX -1.83%). Shares sat out of the 2023 rally and have trailed the S&P 500 so far this year, too.That performance could mean excellent returns from here if you don't already own the coffee titan's stock. Even if Starbucks is in your portfolio, you might want to add to your position. Here are a few good reasons why.1. Balanced growthStarbucks reported a robust 5% comparable-store sales increase for the fiscal Q1 period that ra ...

Starbucks' founder posted a letter he wrote to the company's leadership team about its future. Howard Schultz said Starbucks is at an "inflection point" and has an opportunity for a "reset."The founder encouraged the company's leadership to address Starbucks' systemic issues. NEW LOOK 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! Access your favorite topics in a personalized feed while you're on the ...