A labor agreement, covering more than 500 U.S. stores, would be the company’s first. Talks stalled last year over wages.
Starbucks customers should brace for another drastic change. However, shortly after the company revealed its latest sales performance, its CEO doubled down on another major change
Starbucks Corporation (NASDAQ:SBUX) and the Workers United union have agreed to bring in an outside mediator to advance contract negotiations. The coffee chain operator and Workers United noted in a joint statement that they have made progress over the last nine months of bargaining,
They’ve been negotiating a template for collective bargaining agreements covering more than 500 cafes in the U.S.
Starbucks and its union representing more than 10,000 baristas have agreed to bring in an outside mediator to help resume halted bargaining talks, Bloomberg News reported on Thursday.
Shares of coffee giant Starbucks ( SBUX 7.37%) popped on Wednesday after the company reported financial results for its fiscal first quarter of 2025 -- the first quarter of its hopeful turnaround. Global transactions fell 6% but Starbucks stock was counterintuitively up 7% as of 12:30 p.m. ET. Here's why.
Starbucks is cutting nearly a third of its menu. During the coffee chain’s earnings call on Tuesday, Jan. 28, CEO Brian Niccol announced a “roughly 30% reduction in both beverages and food." However, the chain has yet to announce which items are getting cut.
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
Starbucks fans can now get free refills for some drinks — but not all. The coffee chain is also bringing back its self-serve milk and sweeteners bar.
These customers will be able to enjoy free refills on hot brewed or iced coffee, or hot or iced tea during their visit. Starbucks says folks must have their first beverage served in a ceramic mug, glass or personal cup — no disposable vessels — to receive free refills.
Starbucks CEO Brian Niccol revealed during the company’s first quarter fiscal year 2025 earnings call that the coffeehouse chain will cut “roughly 30%” of its food and beverage menu items by the end of the 2025 fiscal year.