Starbucks Stock News

Whoever takes the reins will inherit a business still recovering from the pandemic, particularly in China, and facing a swelling effort by baristas to unionize.

The founder’s return as interim CEO could complicate the search for a permanent leader.

Starbucks Corporation’s (NASDAQ: SBUX ) stock has "underperformed our low expectations” since December 2021, which includes the announcement of the company’s fiscal first-quarter earnings in February, according to JPMorgan. The Starbucks Analyst: John Ivankoe upgraded the rating for Starbucks from Neutral to Overweight, while keeping the price target unchanged at $101. The Starbucks Thesis: Consumption habits in the U.S. are recovering towards the pre-COVID-19 pandemic levels, Ivankoe said in the upgrade note. “China is a near-term … Full story available on Benzinga.com

Starbucks Corporation rallied after the company announced the return of founder Howard Schultz for his third stint at running the coffee chain giant. Read more.

The complaint comes amid a concerted national effort to unionize Starbucks coffee shops.

Upgrades Bernstein upgraded the previous rating for Stryker Corp (NYSE: SYK ) from Market Perform to Outperform. For the fourth quarter, Stryker had an EPS of $2.71, compared to year-ago quarter EPS of $2.81. At the moment, the stock has a 52-week-high of $281.16 and a 52-week-low of $227.84. Stryker closed at $254.34 at the end of the last trading period. For Edwards Lifesciences Corp (NYSE: EW ), Bernstein upgraded the previous rating of Market Perform to Outperform. Edwards Lifesciences earned $0.51 in the fourth quarter, compared to $0.50 in the year-ago quarter. At the moment, the stock has a 52-week-high of $131.73 and a 52-week-low of $78.44. Edwards Lifesciences closed at $106.15 at the end of the last trading period. According to Morgan Stanley, the prior rating for KE Holdings Inc (NYSE: BEKE ) was changed from Equal-Weight to Overweight. KE Holdings earned $0.01 in the fourth quarter, compared to $0.26 in the year-ago quarter. At the moment, the stock has a 52-week-high of $72.49 and a 52-week-low of $7.31.

Kevin Johnson said he will retire next month after five years as president and CEO of the coffee giant.

Breaking Starbucks news, the company looks forward to replacing one-time use Starbucks cups. To support sustainability, the coffee chain gears up to launch Starbucks reusable cups by the end of 2023.

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The U.S. stock market extended its rally Wednesday, after sagging Chinese stocks got a welcomed boost and investors waited for the Fed to make an expected increase in interest rates.

Schultz will be CEO of coffee chain for a third time, while workers across 27 states petition to hold unionization votes

Kevin Johnson, who was named chief executive in 2017, will leave his post on April 4.

Starbucks Shares Pop 8% On News Howard Schultz To Return As Interim CEO Shares of Starbucks are shooting higher by more than 8% in pre-market trading on the announcement that former CEO Howard Schultz will be returning to the company as interim CEO. Current CEO Kevin Johnson is going to be stepping down after five years at the helm, and will continue in an advisory role for the company through the fall, the Wall Street Journal reported on Wednesday morning. Schultz was widely responsible for the enormity of Starbucks'' success. This return to the CEO office will mark his third time returning to the company. Johnson was chief operating officer before taking over as CEO in 2017. He was recruited to the company specifically by Schultz in 2015. Johnson indicated he would be leaving about a year ago and waited until the broad effects of the pandemic passed before moving on. Starbucks board Chairwoman Mellody Hobson reiterated that this wasn''t a hasty decision and had been planned for sometime. “It’s been deliberate.

Starbucks CEO Kevin Johnson is stepping down on April 4 after 13 years on its board, the coffee chain announced Wednesday.

Starbucks shares surged higher Wednesday following news that former CEO Howard Schultz will return to the helm of the world''s biggest coffee chain following the departure of current boss Kevin Johnson.