News

Starbucks plans to close more unprofitable locations as its turnaround under CEO Brian Niccol continues.

Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol, who joined the company in 2024. Last September, Starbucks closed 627 stores in North America and Europe and laid off 900 non-retail employees.

Starbucks plans to close hundreds of cafés across North America this week, the latest move under Chief Executive Brian Niccol to streamline and boost the profitability of its operations. The closures mark the second round of café cuts under Niccol, who joined the coffee giant in September 2024. The company’s fiscal year concludes later this month, which is around the same time when Niccol announced hundreds of store closures last year.

The cafe chain had a broader mission than selling coffee, which may have been a mistake.

Attorney General James Uthmeier alleged that the coffee chain excluded or disfavored nonminorities in a lawsuit that mirrored recent federal enforcement activity.

Jeni Britton, founder of Jeni's Splendid Ice Creams and now Founder and CEO of Floura, discussed her shift from ice cream to fiber-based snacks made from produce trim like apple cores, watermelon rinds, mango and pineapple rinds. Britton highlighted Starbucks as an important validation point for the young company, saying the placement gives Floura higher visibility and credibility as it expands beyond its direct-to-consumer roots. She speaks with Romaine Bostick on "The Close."

Chipotle Mexican Grill (CMG) trades at about 28.4 times its trailing adjusted earnings, the basis that adds stock-based compensation back to normalized net income. That is a steep price for a chain whose existing restaurants are guided to low single-digit sales growth for 2026. On what analysts expect Chipotle to earn by 2027, the same price is about 24.1 times. Those forward multiples sit on analyst-consensus earnings, which are not defined the same way as the trailing adjusted figure, so part

Starbucks employees who took the Nashville transfer kept their jobs and got help moving, but that relocation check may quietly reshape federal benefits they are counting on decades from now.

On the heels of a PSL Day win, the coffee giant adds new seasonal offerings, limited-time drinks, and merchandise.

Customers had little indication that the retailer was in trouble.

Why your favorite cafe or coffeehouse could be next.

Asian shares were mixed in cautious trading early Wednesday as investors watched for what might happen on interest rates and the war with Iran pushed oil prices higher. Japan's benchmark Nikkei 225 was nearly unchanged at 65,249.95, and South Korea's Kospi gained 1.2% to 7,041.10. The Shanghai Composite gained 0.2% to 3,949.89.

What began as a peek into sorority pledge season has morphed into a highly produced, brand-sponsored annual dance bonanza, with this school year’s new clips brought to you in part by Poppi, Benefit Cosmetics and Lucky Charms. To learn more about how this hyperspecific marketing niche is evolving, I tracked down Jake Motyl, founder of college marketing agency CampusLaunch, who has been shuttling between sorority houses to produce sponsored content for clients like Bodyarmor and Nike.

The coffee chain’s loyal tea drinkers are calling headquarters, emailing executives and signing petitions to try to get back their beloved chai formula.

The coffee chain is tapping into nostalgia to drive foot traffic

Starbucks (SBUX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

The coffee giant is also stepping up operations in a Southern U.S. city.

Walmart’s finance chief had a message Thursday for analysts pressing the company on its decision to cut prices: Give it time. Walmart said it rolled back prices on more than 11,000 items, including ground beef, citing the ongoing strain on consumers of inflation and high gas prices. The move comes after the company received tariff refunds worth about $2.9 billion, which it’s using to fund the price cuts.

One restaurant chain is trading at a sky-high valuation while another has shed double digits this year, and the market's verdict defies everything a shaky consumer economy would predict about which business wins.

The cuts affect the company’s corporate staff in technology and coffeehouse development. The reductions don’t involve cafe closures.

The stock has not been priced this richly against its own sales at any point in a decade, and part of the earnings growth that price pays for comes from an exchange-rate swing rather than from the operation.

The introduction of pumpkin-spice lattes to menus means the end of summer is approaching, along with positive vibes

Starbucks Korea posted its first quarterly loss since it started operations 27 years ago after a marketing debacle triggered a boycott, criticism from President Lee Jae Myung, and a police raid of its corporate offices.

Grindr Inc. (NYSE:GRND) has staged a stunning Wall Street turnaround, soaring 251.62% from its 2022 post-IPO trough to dramatically outperform mainstream retail titans Starbucks Corp. (NASDAQ:SBUX) and Target Corp. (NYSE:TGT), as well as crypto heavyweight Ethereum (CRYPTO: ETH). A Remarkable Market Comeback After making its public trading debut in late 2022, the dating platform’s shares plunged to a low of $4.65 on Dec. 30, 2022. As noted in financial market commentary by automated trading serv

Major packaged-goods firms, retailers and food makers are seeing substantial increases in overseas revenue that are outpacing slowing domestic sales.

Starbucks earnings and guidance move back into focus Starbucks (SBUX) is back in the spotlight after reporting fiscal third quarter results on July 29, 2026, with revenue of US$9.32b and net income of US$1.05b. Earnings per share from continuing operations were US$0.92 basic and US$0.91 diluted. For the first nine months of the fiscal year, Starbucks reported revenue of US$28.77b and net income of US$1.85b. Basic and diluted earnings per share from continuing operations were...

When 7 Brew opened a few miles down the road from our home, my son and I were there on opening day. He's a fan of their "Fizz" sodas, while I enjoy the "Sweet and Salty," a coffee drink made with espresso, salted caramel, white chocolate, and a breve (half-and-half) base. That, however, is a very ...

Comparable store sales rose 7.9% as margins expanded and China transitioned to joint venture.

THE DEAL: After relocating from the Seattle area to Florida, billionaire Howard Schultz, the former chairman and chief executive of Starbucks has sold his house in Hawaii’s affluent Hualālai Resort community for $36 million in an off-market deal. THE BUYER: The buyer is upsizing from a smaller house in the wealthy Big Island community to accommodate a growing family, said listing agent Robert Kildow of Hualālai Realty. Kildow declined to identify the buyer, who agreed to buy the house over FaceTime, he said.

Dutch Bros (NYSE:BROS) reported second-quarter 2026 revenue growth of 32% and raised its full-year outlook, citing transaction gains, food-program adoption, menu innovation and continued new-shop productivity. Total revenue for the quarter ended June 30 reached $551 million, while adjusted EBITDA i