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Taste Holdings Announces Disposal Of Starbucks Franchise For R7 Mln
Starbucks Reports Q4 And Full Year Fiscal 2019 Results
Starbucks Says Extended Term Of $1 Bln Credit Agreement On Oct. 23
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development. The Company's Americas, CAP, and EMEA segments include both company-operated and licensed stores. Its Channel Development segment includes roasted whole bean and ground coffees, Tazo teas, Starbucks- and Tazo-branded single-serve products, a range of ready-to-drink beverages, such as Frappuccino, Starbucks Doubleshot and Starbucks Refreshers beverages and other branded products sold across the world through channels, such as grocery stores, warehouse clubs, specialty retailers, convenience stores and the United States foodservice accounts.
2401 Utah Ave S
Myron E. Ullman
Chairman of the Board
Kevin Ronald Johnson
President, Chief Executive Officer, Director
Mellody L. Hobson
Vice Chairman of the Board
Patrick J. Grismer
Chief Financial Officer, Executive Vice President
Group President - International and Channels
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Starbucks China rival Luckin Coffee Inc forecast fourth-quarter revenue above estimates and posted a smaller-than-expected loss on Wednesday, as the company benefited from rapid store openings and lower expenses.
Taste Holdings <TASJ.J>, owner of Starbucks and Domino's Pizza franchises in South Africa, said on Friday it was abandoning the food business, and had already sold its 13 stores of the coffee chain to a consortium for 7 million rand ($464,000).
South Africa's Taste Holdings said on Friday it had sold its Starbucks business for 7 million rand ($464,200) and was also considering selling others in its food business, including Domino's Pizza, as part of a new plan to become a luxury retail group.
Starbucks Corp <SBUX.O> beat Wall Street sales and revenue estimates on Wednesday, driven by new stores, digital ordering and delivery in China, and cold drinks in the United States.
Starbucks Corp beat quarterly same-restaurant sales estimates on Wednesday, as the coffee chain's loyalty program and new delivery options boosted demand and helped it fend off competition.
Cryptocurrency trading platform Bakkt Trust Co LLC said on Monday it is focused on the development of consumer applications for digital assets and will test one such app with its first launch partner, Starbucks Corp, in the first half of next year.
Cryptocurrency trading platform Bakkt Trust Co LLC said on its blog on Monday it is focused on the development of consumer applications for digital assets and is testing this app with its first launch partner, Starbucks Corp, in the first half of next year.
Starbucks won its fight on Tuesday against an EU demand to pay up to 30 million euros ($33 million) in Dutch back taxes, while Fiat Chrysler Automobiles lost its challenge against an order to stump up a similar amount to Luxembourg.
The European Commission will study the rulings of the European Union's second-highest court on tax disputes with Starbucks <SBUX.O> and Fiat Chrysler Automobiles <FCHA.MI>, the competition chief Margrethe Vestager said on Tuesday.
An EU court ruling on Tuesday overturning an order that Starbucks <SBUX.O> pay the Dutch state back taxes shows the multinational "was treated the same as other companies," the Dutch Finance Ministry said.
The European Commission will study the rulings of the European Union's second-highest court on tax disputes with Starbucks and Fiat Chrysler Automobiles, the competition chief Margrethe Vestager said on Tuesday. "We will study the judgments carefully before deciding on possible...
An EU court ruling on Tuesday overturning an order that Starbucks pay the Dutch state back taxes shows the multinational "was treated the same as other companies," the Dutch Finance Ministry said.
Europe's second-highest court on Tuesday dismissed an EU order to Starbucks to pay up to 30 million euros ($32.9 million) in back taxes to the Netherlands as part of a crackdown against tax avoidance by multinationals.
* Criticism on EU use of state aid tools against tax avoidance
Starbucks Corp said on Wednesday it expects 2020 adjusted profit growth to be lower than 2019 as it factors in the impact of a one-time tax benefit that has inflated its bottom line this year.
Starbucks Corp said on Wednesday it expects 2020 profit growth to be lower than the current 10% rate, two months after the coffeehouse chain raised its 2019 profit forecast.
Luckin Coffee Inc reported a more than seven-fold jump in quarterly revenue on Wednesday, in its first earnings report as a public company, as the Chinese challenger to Starbucks Corp rapidly opened new stores in its home market.
Food giant Nestle on Thursday started selling Starbucks-branded coffee in mainland China, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards.
Australian shares were set to open higher on Monday, tracking Wall Street indexes which rose to record highs after robust earnings from Alphabet and Starbucks. The upbeat earnings sent the S&P 500 and Nasdaq soaring on Friday, with support from data which showed U.S. economic...
Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.