Starbucks outlines plans for automated ordering, new coffee equipment to improve efficiency

Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks on Tuesday outlined its plans for automated ordering in stores, new coffee-making equipment and an expanded loyalty program as part of its push to reinvent itself and … Read more

Starbucks will unveil its “reinvention” strategy at Investor Day on Tuesday

CEO of Starbucks Howard Schultz in New York. Steve Ferman | Getty Images Starbucks set to unveil reinvention plan on Tuesday as coffee giant grapples with changing consumer behavior, outdated store designs and a U.S. union push The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned to the role in the … Read more

Starbucks appoints Laxman Narasimhan as its next CEO

New York CNN Business — Starbucks chose Laxman Narasimhan as his next CEO. Narasimhan will become the new CEO of Starbucks on October 1. He will officially take office in April and will then also join the company’s board of directors. The Reckitt Benckiser Group, of which Narasimhan recently served as CEO, announced earlier Thursday … Read more

Starbucks Appoints New CEO | CNN Business

New York CNN Business — Starbucks chose Laxman Narasimhan as his next CEO. Narasimhan will become the new CEO of Starbucks on October 1. He will officially take office in April and will then also join the company’s board of directors. The Reckitt Benckiser Group, of which Narasimhan recently served as CEO, announced earlier Thursday … Read more

Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian … Read more

Starbucks (SBUX) Third Quarter 2022 Earnings Beat Estimates

An employee hands a bag to a customer at the drive-through of a Starbucks coffee shop in Hercules, Calif., on Thursday, July 28, 2022. David Pablo Morris | Mayor Bloomberg | fake images starbucks reported better-than-expected quarterly earnings and revenue on Tuesday, buoyed by U.S. demand for its cold coffee drinks. As inflation rises, interim … Read more

Starbucks union asks coffee giant to extend pay raises and benefits to unionized stores

With salary increases scheduled to begin in starbucks US cafes on Monday, labor organizers are asking the coffee giant to extend benefits to unionized stores as well without going through the bargaining process. The request comes after Starbucks announced in May that would increase the wages of workers and add other perks like credit card … Read more