Starbucks Stock News

Starbucks and Dutch Bros are seen as two beneficiaries of pandemic-era food chain trends.

Starbucks Corp. has launched its first energy drink, Starbucks Baya Energy, available at grocery stores and other retailers. The new beverage will be available at U.S. Starbucks locations starting March 1. Starbucks Baya Energy contains caffeine from coffee fruit and vitamin C, and comes in flavors including pineapple passionfruit and mango guava. Starbucks presents Mintel data showing energy drink sales were up 9.2% in 2020. Starbucks also announced plans for ready-to-drink beverages made with oatmilk, including Starbucks Frappuccino Coffee Drink with Oatmilk. Other items slated to launch include a new nitro cold brew and a tiramisu flavored Frappuccino. Starbucks stock has tumbled 7.3% over the past year while the S&P 500 index has gained 13.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Starbucks'' reversal of its COVID-19 requirements has sparked controversy among loyal customers and its front-line workers.

Americans Are Forming Tenant Unions In Backlash Against Corporate Landlords The resurgent American labor movement is coming for America''s landlords. Perhaps taking a cue from the warehouse workers, digital-media employees and Starbucks baristas who have waged high-profile unionization drives over the past year or so, it appears tenants across the nation are forming "tenant unions" to gain leverage over their landlords, with many rebelling against corporate landlords in particular, according to a report from WSJ. That''s a problem for Blackstone and the other private equity giants that found an opportunity in the pandemic-inspired housing market frenzy. While tenant unions have existed in some form for over a century, WSJ says that - particularly in high-cost cities like NYC and San Francisco - the organizations are seeing a resurgence. Hundreds of new tenant unions have been formed during the pandemic, estimated Katie Goldstein, director of housing campaigns for the Center for Popular Democracy.

Starbucks could eventually feel the squeeze from its vast labor force.

Starbucks Joins Growing List Of Companies Abandoning Vax Mandate After SCOTUS Ruling Another company has abandoned its plans for a vaccination mandate and mandatory routine testing roughly one week after the Supreme Court killed President Biden''s plans to enforce a corporate vax mandate through OSHA. To wit, Starbucks has joined the ranks of American megacorps including General Electric in rejecting vaccine mandates by pausing its plans to require baristas to get vaccinated, or receive weekly testing. The decision was reported shortly before President Joe Biden blasted the SCOTUS ruling as a "mistake" during his Wednesday press briefing. Instead, Starbucks says it will "strongly encourage" baristas to get vaxxed while encouraging them to disclose their vaccination status. Culver said in the letter that more than 90% of workers already disclosed if they have been vaccinated. Meanwhile, the "vast majority" have been fully vaccinated, according to CNBC. Starbucks employs some 228K people across the US.

Customers are threatening to boycott Starbucks if the coffee chain doesnt reinstate its COVID-19 vaccine mandate policy.

Employees at Starbucks will no longer be required to receive a COVID-19 vaccine to continue working in their stores to comply with the Supreme Court''s ruling against President Biden''s nationwide

We respect the courts ruling and will comply, says Starbucks CEO John Culver

The company is among the first major employers to roll back its plan after the Supreme Court blocked the Biden administration’s mandate for large businesses.

Starbucks is no longer requiring its U.S. workers to be vaccinated against COVID-19, reversing a policy it announced earlier this month

Starbucks Corporation (SBUX) expanded its delivery and online services in China through a new partnership with Meituan that will give customers more options, including social features

The partnership with Meituan comes as Starbucks faces increasing competition from well-funded domestic tea and coffee chains in China such as HeyTea and Manner.