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Nike Executive's Return To Become Top Leader Continues 'Boomerang CEO' Trend At Major Companies
Friday, September 20, 2024 - 4:06pm | 711Nike, Inc. (NYSE:NKE) is the latest company to take part in what has become a trend among big companies: bringing back an executive to assume the role of CEO. The sneaker giant announced on Thursday the appointment of Elliott Hill, the company’s former president of consumer and marketplace...
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Why Are Starbucks Shares Trading Higher?
Wednesday, March 16, 2022 - 10:01am | 199Starbucks Corp (NASDAQ: SBUX) shares are trading higher Wednesday after JPMorgan analyst John Ivankoe upgraded the stock from a Neutral rating to an Overweight rating and announced a $101 price target. Starbucks also announced that CEO Kevin Johnson will transition from his...
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Starbucks CEO Kevin Johnson Announces Retirement; Founder Howard Schultz To Return In Interim Role
Wednesday, March 16, 2022 - 8:37am | 383After 13 years at Starbucks Corp (NASDAQ: SBUX) and five years at the helm of the company, CEO Kevin Johnson has announced his retirement. What To Know: Johnson will transition from CEO on April 4, but he will continue to work with Starbucks as a partner and...
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Why Starbucks Shares Are Sliding Today
Wednesday, February 2, 2022 - 9:36am | 356Starbucks Corp (NASDAQ: SBUX) is trading lower Wednesday morning after the company announced worse-than-expected fiscal first-quarter earnings results. Starbucks reported quarterly earnings of 72 cents per share, which came in below the estimate of 80 cents. The company reported quarterly revenue...
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Starbucks CEO Talks Strategy After Q4 Earnings: 'We Are Bullish On The Future'
Friday, October 29, 2021 - 11:27am | 579Starbucks Corp (NASDAQ: SBUX) shares are falling Friday after the company announced weak quarterly financial results and multiple analyst firms lowered price targets on the stock. What Happened: Starbucks reported quarterly adjusted earnings of $1 per share, which beat the estimate...
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Starbucks CEO Dismisses Reports Of Shortages In Cups, Coffee
Thursday, June 24, 2021 - 10:59pm | 391Starbucks Corp’s (NASDAQ: SBUX) is not running out of supplies in cups and coffee, the coffee chain’s CEO Kevin Johnson told CNBC on Thursday. What Happened: Johnson told CNBC the coffee chain was facing operational challenges elsewhere, in bakery case, but dismissed a Wall...
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Starbucks CEO Talks Store Traffic, Growth Drivers, Chinese Consumers
Friday, October 30, 2020 - 10:25am | 309Starbucks (NASDAQ: SBUX) reported fourth-quarter earnings per share of 51 cents Thursday, beating analyst expectations of 31 cents, and fourth-quarter sales of $6.2 billion that beat the Street estimate of $6.04 billion. Starbucks CEO Kevin Johnson appeared on CNBC’s “...
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Starbucks CEO On Coffee Chain's Buyback Program, China Recovery: 'We Are Going To Be Just Fine'
Thursday, March 19, 2020 - 2:33pm | 409Coffee chain Starbucks Corporation (NASDAQ: SBUX) plans on buying back additional shares of its stock as it looks to take advantage of its "strong balance sheet," CEO Kevin Johnson said Wednesday on CNBC's "Mad Money." The Starbucks Buyback Program Starbucks has...
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Analysts In Cars Getting Coffee: JPMorgan Upgrades Starbucks After Traveling To HQ
Thursday, December 12, 2019 - 10:26am | 356JPMorgan analysts met with Starbucks Corporation (NASDAQ: SBUX) management at its headquarters and drove home bullish on the coffee restaurant chain. The Analyst JPMorgan analyst John Ivankoe upgraded Starbucks from Neutral to Overweight with a price target lifted from $90 to $94. The Thesis...
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Starbucks CEO Sees Zero Signs Of Pending Recession
Tuesday, August 27, 2019 - 10:05am | 446Starbucks Corporation (NASDAQ: SBUX) CEO Kevin Johnson told CNBC Monday he sees zero signs of an economic slowdown. What Happened Starbucks' most recent quarter was highlighted by a more than 8% year-over-year increase in revenue to $6.8 billion, while U.S. same-store sales rose 7%....
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Starbucks Shares Are Hot After Q3 Earnings Beat
Thursday, July 25, 2019 - 4:16pm | 261Starbucks Corporation (NASDAQ: SBUX) shares are surging after reporting a third-quarter earnings beat. Adjusted earnings came in at 78 cents per share, beating estimates by 6 cents. Sales came in at $6.82 billion, beating estimates by $150 million. The company also raised 2019 EPS and sales...
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Cramer Passes On Buying Coffee Stocks — For Now
Wednesday, June 19, 2019 - 11:05am | 485Shares of coffee chain Starbucks Corporation (NASDAQ: SBUX) are up nearly 30% since the start of the year, while shares of rival Dunkin Brands Group Inc (NASDAQ: DNKN) are up 25%. Is it too late for new investors to buy a position? According to CNBC's Jim Cramer, the answer is a simple yes....
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Starbucks CEO Says A Cannabis-Infused Drink Is 'Not On The Roadmap'
Friday, January 25, 2019 - 4:20pm | 394Cannabis-flavored coffee and tea will become a reality in certain states in the United States and a Starbucks Corporation (NASDAQ: SBUX) "triple venti cannabis -- whatever" sounds more appealing than what any of its competitors would offer, CNBC's Jim Cramer said Friday. Triple Venti...
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Starbucks Shares Perk Up After Q1 Earnings Beat
Thursday, January 24, 2019 - 5:26pm | 305Starbucks Corporation (NASDAQ: SBUX) reported an earnings and sales beat for the first quarter. Starbucks reported first-quarter adjusted earnings of 75 cents per share, beating Street estimates by 10 cents. Sales came in at a record $6.6 billion, beating estimates of $6.49 billion. Starbucks also...
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Starbucks CEO Talks China With Cramer
Tuesday, November 13, 2018 - 4:21pm | 390Starbucks Corporation (NASDAQ: SBUX) isn't seeing any negative impact from trade and political disputes between China and the U.S. although this doesn't mean the coffee chain is fully immune, CEO Kevin Johnson told CNBC's Jim Cramer. What Happened The Chinese market is Starbucks'...