HOWARD SCHULTZ

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Starbucks sets first dividend, to add U.S. cafes

Starbucks Corp declared its first dividend on Wednesday, signaling an end to its days of sizzling growth while ushering in a broader-based strategy aimed at more sustainable, stable prosperity.

Investors eye dividend or buyback at Starbucks

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The leaner Starbucks Corp that emerged after months of slashing costs is dripping with enough cash to make its first-ever dividend or a share buyback likely, analysts and investors told Reuters.
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U.S. sales grow at Starbucks, shares rise

Starbucks Corp posted its first quarterly rise in U.S. same-store sales in more than two years, signaling that recession-weary consumers are spending more on small, daily luxuries.
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Starbucks beats view, raises target, shares up

Starbucks Corp reported a stronger-than-expected quarterly profit and raised its forecast, in the latest signs that the chain is turning around after closing cafes and slashing costs, and its shares rose 4.1 percent.
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Starbucks beats view, raises target

Starbucks Corp reported a stronger-than-expected quarterly profit and raised its forecast, in the latest signs that the chain is turning around after closing cafes and slashing costs, and its shares rose 4.1 percent.
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Starbucks debuts Via instant coffee in U.S., Canada

Chief Executive Howard Schultz called Starbucks Corp's Via Ready Brew perhaps the biggest opportunity in company history as he prepared for the instant coffee product's North American roll-out on Tuesday.
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Starbucks, McDonald's carve coffee niches

When the dust from the great coffee war that wasn't settles, McDonald's and Starbucks will find that each plays on a slightly shifted field, but neither side has captured the spoils -- the other's customers.
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Starbucks to match 401k but health benefits costlier

Starbucks Corp will make discretionary matching contributions to 401 retirement plans for its 2009 plan year but employees will face higher health-care costs, Chief Executive Howard Schultz said in a memo to employees on Monday.
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Starbucks brews up profit beat

Starbucks Corp ground out an expectations-topping profit on Tuesday as the coffee chain began reaping rewards from slashing costs and closing stores, and its shares gained 9.9 percent.
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Starbucks profit tops view, focus on value

Starbucks Corp posted quarterly profit that just topped expectations on cost cuts and is planning a multimillion dollar advertising campaign challenging the view that its coffee is an expensive luxury.
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Starbucks CEO says on track to make savings

Starbucks Corp is on track to hit its target of $500 million in cost savings this fiscal year as the world's biggest coffee chain closes stores and sheds staff, its chief executive said at the company's annual shareholder meeting.
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Starbucks unveils Via instant coffee

an opportunity to reinvent a category, create new rituals and grow our customer base. Schultz said Via's target customer in the United States is the brewed coffee drinker. Overseas, the company aims to win over new instant coffee users and to steal market share from established brands such Nestle SA's Nescafe and Kraft Foods Inc's Sanka. The company already f...
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Starbucks restricts bonuses for executives

Top executives at Starbucks did not receive bonuses in 2008 and won't get any increases on their base salary in 2009 due to due to disappointing results for the company which has suffered in the wake of less consumer spending.
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Starbucks to open 150 stores in EU

US coffee chain Starbucks has announced its intentions to open 150 new outlets in Britain, France and Germany in the next three years in a deal with SSP. SSP is a UK group which runs Burger King and Pizza Hut stores.
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Starbucks Sales Fizzle

Starbucks Corp., believing the gloomy market in the U.S. will hamper its sales, reduced its earnings forecast for the second quarter and full year on Wednesday.
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Taking a page from Starbucks, Potbelly expands

Is the Starbucks formula the ticket for restaurant chains to take their brands national? More than one startup in the food industry is modeling itself after the successful coffee group.
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Starbucks' Schultz Back as McDonald's Increases Competition

Starbucks Corp., the world's largest chain of coffee shops, ousted Chief Executive Officer Jim Donald on Monday and brought former CEO and Chairman Howard Schultz to the post after reporting its worst-ever annual performance and competition from fast-food rivals such as McDonald's.

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