Howard Schultz once spoke of the ‘reservoir of trust’ he had with Starbucks employees–but his war on unions risks destroying that bond

When, four short months ago, I wrote an op-ed about the uncertain future of Starbucks, I honestly would not have predicted that things would implode this quickly. I imagined that Howard Schultz would return to the company as a faithful caretaker who would do what he historically did best: be a likable leader with a … Read more

Starbucks (SBUX) Q3 2022 earnings

Starbucks is expected to report its fiscal third-quarter earnings after the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 75 cents expected Revenue: $8.11 trillion expected The coffee giant suspended its fiscal 2022 outlook last quarter, citing the uncertainty caused by Covid lockdowns in China, the company’s second-largest … Read more

Starbucks union asks coffee giant to extend pay hikes, benefits to unionized stores

With pay increases set to kick in at Starbucks cafes around the US on Monday, labor organizers are asking the coffee giant to extend the benefits to unionized stores as well without going through the bargaining process. The request comes after Starbucks announced in May that it would hike wages for workers and add other … Read more

Company threatens that unionizing could jeopardize gender-affirming health care

A protester waves a sign near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022. Jill Toyoshiba | Tribune News Service | Getty Images Starbucks is telling its baristas that unionizing could jeopardize the gender-affirming health care coverage for … Read more

Starbucks is looking externally for its next CEO, Howard Schultz says

Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks’ next CEO will come from outside the company, interim leader Howard Schultz told The Wall Street Journal. Schultz returned for his third stint in the top job … Read more

Starbucks criticizes Biden’s visit with union leaders, requests White House meeting

US President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room on Wednesday, May 4, 2022. Demetrius Freeman | The Washington Post | Getty Images Starbucks is asking the White House for a meeting after President Joe Biden met with an organizer who is helping its coffee shops unionize. … Read more

Uber, Brinker, Generac and more

Check out the companies making headlines before the bell: Uber (UBER) – Uber fell 1% in premarket trading after it reported a quarterly loss and revenue that beat estimates. Uber saw ride volumes increase during the quarter while food deliveries also continued to grow. Brinker International (EAT) – The parent of Chile’s and other restaurant … Read more

Starbucks to hike wages, double training for workers amid union push

A Starbucks barista fulfills an order in a South Philadelphia store. Mark Makela | Reuters Starbucks said it will hike wages for tenured workers and double training for new employees as the company and its CEO, Howard Schultz, seek to beat back the union push from its baristas. However, the coffee giant will not offer … Read more

Starbucks (SBUX) Q2 2022 earnings

A pedestrian carries a Starbucks branded cup in San Francisco, California, US, on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks is expected to report earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 59 cents expected Revenue: … Read more

Starbucks union files NLRB complaint citing CEO Schultz’s benefits comments

Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images The union representing Starbucks baristas is taking aim at the coffee giant’s interim chief executive, Howard Schultz, alleging his recent comments about an improved benefits plan amounted to … Read more