CEO Niccol is reportedly effecting a shakeup in
Starbucks Corp's corporate culture. This includes a reorganization leading to
layoffs, as company's leaders are being pushed towards more accountability. Consequently, the stocks have seen some fluctuations. Among the changes is the appointment of Cathy R. Smith, formerly of Nordstrom, as the new Proactive
CFO. This move is part of a bigger reorganization shuffle within the company. Meanwhile, it's observed that institutional investors dominate ownership of Starbucks shares, with 79% of stocks being held by them. The company has been touted as among the best investment options for steady dividends by wealthy investors. Despite layoffs and reorganization, hedge funds continue to bet on Starbucks as a top coffee stock. Amid this, however, a class action has been initiated against Starbucks with shareholders who suffered loses being urged to join. Finally, Starbucks has reported their Q1 Fiscal 2025 results, echoed in a subsequent earnings call. Amid changes, the company maintains its position as a global leader in coffee, thereby reaffirming dividends.
Starbucks Corp SBUX News Analytics from Tue, 13 Aug 2024 07:00:00 GMT to Fri, 07 Mar 2025 12:30:00 GMT -
Rating -5
- Innovation 8
- Information 4
- Rumor -3
