Starbucks (SBUX) Stock News

Chipotle (CMG) shares fell after Starbucks dismissed speculation it might buy the burrito chain. IREN (IREN) shares rose on a report it struck a deal with Anthropic. SWI Capital (SWICH) shares surged over 10% after raising about $900 million to upgrade assets including FTX's old bitcoin-mining business. Valero (VLO) and Marathon Petroleum (MPC) edged up as U.S. moves to boost diesel supplies are weighed. Stellantis (STLA) gained modestly after EU agreed to slash China's car exports to Europe. Volkswagen (VOW3) deliveries fell in Q3 amid China market deterioration; shares little changed.

Starbucks is working with advisors on a possible takeover of Chipotle, the FT reports. Wall Street is skeptical due to cost, debt, and turnaround risks. No offer confirmed.

DA Davidson has maintained its price target for Starbucks shares at $110.00.

UBS lowered its price target for Starbucks shares from $112.00 to $105.00.

Starbucks lifts quarterly dividend to $0.63 per share.

Starbucks lifts dividend to 63c per share.

A class action lawsuit alleges Starbucks' 'sugar-free' protein drinks contain 13-21 grams of sugar per venti from lactose, exceeding FDA limits. Starbucks denies the claims.

Consumers filed a class action alleging eight Starbucks protein beverages marketed as sugar-free contain 13-21g of sugar per venti from lactose. The suit claims false advertising and FDA labeling violations. Starbucks has not responded.

Second round of closures under CEO Niccol. Company expects $300 million in restructuring charges as part of a broader cost-cutting campaign targeting $2 billion in savings by fiscal 2028.

Starbucks plans to close about 250 underperforming North American cafes and lowered its FY26 net new store openings view to about 440 from 600-650, citing restructuring under CEO Brian Niccol.

Starbucks plans to close around 250 underperforming cafes across North America this week, the second round under CEO Brian Niccol. The company expects roughly $300 million in restructuring charges as part of a broader $2 billion cost-cut target by fiscal 2028. Store growth is shifting outside North America, and the company is developing a smaller store format for the U.S.

Starbucks to close underperforming coffeehouses, incur about $300 million in restructuring charges.

Starbucks disclosed it expects about $200 million in cash charges tied to lease exits and employee separation benefits. The figure primarily reflects store closure costs and severance payments.

Starbucks expects $100 million in non-cash charges tied to disposal and impairment of company-operated coffeehouse assets. The charge does not affect cash but will reduce reported earnings.

Starbucks has redesigned more than 1,000 locations in the U.S. and Canada since late 2025 as part of a store-upgrade program.

Starbucks accelerates coffeehouse redesign work further in FY27.

Starbucks union calls for boycott over wage and staffing demands.

Starbucks is laying off 224 corporate employees at its Seattle headquarters. About 120 of those are IT workers who refused to relocate to Nashville.