Starbucks

Financing

Starbucks' record sales do not appease skeptical investors

The coffee giant recorded the strongest average weekly sales in its history as customers customize beverages and order more food. But its domestic sales slowed and analysts appeared skeptical.

Financing

Starbucks sees opportunities in smaller towns

The coffee giant, known most for urban areas and more recently suburbs, believes it has plenty of room to grow. And that could include smaller communities.

The former regional manager sued the coffee giant in 2019, saying she was wrongly fired following the arrests of two Black men in one of Starbucks' Philadelphia cafes.

Petitions have been filed to hold elections in three Bay Area units. The staffs would be represented by Industrial Workers of the World, the group that organized five Burgervilles before the pandemic.

The coffee giant is contemplating different versions of its traditional drive-thru locations and pickup stores. But it may also try delivery-only units.

Employees of the Service Employees International Union say they intend to strike for higher wages. They also accuse the union of being guilty of what it has alleged Starbucks is doing.

Laxman Narasimhan, who took over the Seattle-based coffee giant in March, believes the company can optimize its purchasing. “1,500 cup-and-lid combinations.”

The study undercuts assertions that Starbucks Workers United was a grassroots reaction of frustrated baristas.

Members of such groups as the Sierra Club and MoveOn are now pushing the baristas' cause, the union says.

Reality Check: McDonald's sets a new low with virtual layoffs, while Jersey Mike's wins the public's favor.

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