Starbucks on slow path to recovery, COO stepping down

by Cherryh Cansler — Editor, FastCasual.com

Although sales fell short of Wall Street's expectations, Q1 earnings of 61 cents per share topped estimates of 55 cents per share but declined 22.8…

Starbucks names new EVP/CFO

January 8, 2021

Patrick Gismer Patrick Grismer is retiring from his role as Starbucks executive vice president and CFO effective Feb. 1, 2021. Rachel Ruggeri…

Selecta extends distribution partnership with Nestle coffee brands in Europe

December 2, 2020

Selecta Group B.V., the largest route-based service provider for unattended retail locations in Europe, has extended its partnership agreement for five years…

DraftServe Technologies introduces touchless beverage dispensing system

November 24, 2020

DraftServ Technologies has introduced a patented touchless beverage dispensing system that provides retailers real-time visibility of their dispensers and…

Starbucks raises dividends

October 1, 2020

Starbucks investors received good news Wednesday when the chain's board of directors approved a 10% increase in its quarterly cash dividend. Shareholders will…

Luckin facing steep fine

September 22, 2020

Chinese-based Luckin Coffee, a pioneer in self-service coffee machines in addition to being a coffee shop chain, is one of 43 companies facing a $9 million…

Starbucks swings to fiscal 3Q loss, but sees daylight

by David Jones — Editor, Networld Media Group

July 29, 2020

Starbucks Corp. swung to a fiscal third-quarter loss as the global coffee house continued to deal with the impact of COVID-19, although executives said the…

Starbucks closing 400 stores

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Over the next 18 months, Starbucks will increase convenience-led formats in company-operated locations with drive-thru and curbside pickup options, as well as…

Starbucks fiscal Q2 earnings hit by COVID-19

by David Jones — Editor, Networld Media Group

April 29, 2020

Starbucks Corp., one of the first global companies to feel the sting of COVID-19, reported a 47% drop in earnings during its fiscal second quarter, yet managed…

Starbucks withdraws fiscal 2020 guidance due to coronavirus

April 9, 2020

Starbucks Corp. on Wednesday withdrew its guidance for fiscal 2020 on account of the COVID-19 outbreak, according to a shareholder letter from Kevin Johnson…

American QSR customers enter their 'blue mood'

by S.A. Whitehead — Food Editor, Net World Media Group

What do purple food, an illegal South American bean and a funky blue fungus on corn have in common? According to Technomic, they're all proven, promising food…

Starbucks, Nespresso stop purchasing from Guatemalan farms employing children

March 3, 2020

An investigation by "Dispatches," a British TV documentary that aired Monday on Channel 4, claimed coffee farms in Guatemala supplying both Starbucks and…