Starbucks Corporation (SBUX) News

Starbucks has faced numerous lawsuits, including those related to alleged ethical sourcing practices, labor violations, and discrimination, and has also settled lawsuits related to product safety and consumer protection.
Here's a more detailed breakdown:
Ethical Sourcing and Labor Practices:
False Advertising Lawsuit:
A consumer advocacy group sued Starbucks, claiming the company falsely advertised its commitment to ethical sourcing while sourcing coffee and tea from farms with human rights and labor abuses.
Ethical Sourcing Claims:
Starbucks has faced lawsuits alleging that it is aware of child and forced labor on some of its supplier farms, while touting its ethical sourcing practices.
Response:
Starbucks has stated it takes these allegations seriously and plans to aggressively defend against them.
Other Lawsuits:
Hot Beverage Lawsuit:
A California jury awarded a delivery driver $50 million in a lawsuit over burns suffered from a hot Starbucks beverage that spilled in the drive-thru.
DEI Lawsuit:
Missouri sued Starbucks, claiming the company's diversity, equity, and inclusion policies resulted in "systemic racial, sexual, and sexual orientation discrimination".
Class Action Lawsuit:
A class action lawsuit was filed against Starbucks over the ingredients in its "fruitless refreshers," arguing that the drinks were misleadingly named and overcharged.
Violation Tracker:
A "Violation Tracker" from Good Jobs First lists Starbucks with a total penalty of $52,361,971 since 2000, with the majority of violations being employment-related.
Employment-related offenses:
Starbucks has faced lawsuits and penalties for wage and hour violations, labor relations violations, and other employment-related offenses. $SBUX

$SBUX Total Debt (mrq) $25.9B

$SBUX ‘More female and less white’: Missouri AG accuses Starbucks of violating anti-discrimination laws https://thehill.com/business/5140951-missouri-attorney-general-sues-starbucks-anti-discrimination-laws/

Starbucks Sued by Missouri Over ‘Unlawful’ DEI Policies
https://sustainabilitymag.com/articles/starbucks-sued-by-missouri-over-unlawful-dei-policies #DEI $SBUX

Trading at $112.58 as I write. Hope you closed that short.

STARBUCKS $SBUX Book Value Per Share (mrq) -6.57 garbage way overpriced overbought

Starbucks Corporation $SBUX Total Debt (mrq) $25.8B

POS green. No comment

Ok. Poor ER. No guidance. Ripped right back to yesterday’s close (97) from hitting 88’s last night AH…NOW time to short?!

They can't provide guidance. Wow 

She’s being a stubborn one here..

I like 4-5 weeks out...


Oct 18 and 25th


JMO and GLTU

Expiration? Loaded 95 puts for next week

$SBUX Taking new short Put positions ~ Targets $91/$85/$78

is it time to sell? i am tempted to sell mine. have a lot. what do you think?

I think it will get that zone once 90 breaks


There’s a tiny double gap from about 84.5 to 83.5. That’s the sweet spot imo

There’s a tiny double gap from about 84.5 to 83.5. That’s the sweet spot imo

Getting closer to that 90 break down…just very..Slooowwwlllyyy

$SBUX Top_Short_Play~~~Starbucks Corporation Sued for Securities Law Violations
https://www.accesswire.com/913468/starbucks-corporation-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-before-october-28-2024-to-discuss-your-rights-sbux

🎯 Target $78 🎯

Hope we break below 90 this week...

As did i. Still watching and waiting..

I got stopped out but i think shorts will do well mid term...

They scam big time

Shorts gonna do well

Agree, would love to see a break a below 92 today

She’s loving that temp support of 92ish but a nice breakdown of that and she’s heading for that gap fill from 90-high 70’s..lower highs every day too…

$SBUX *Top Short Play* ~ Inflated here on last weeks CEO news ~ Horrible pay package for shareholders. No near term turnaround for #Starbucks in near future with the possibility of more lockdowns coming!

🎯 $83 then $78 🎯

How it rose last week, there really is no support here right now...

I agree... that was a years worth of upside last week on that ceo news... things will take time to turnaround and I am not totally sold on this guy... targeting mid 70's right now..GL

Shorting at this point looks like a good idea after that massive gap up on the new ceo hire

$SBUX Went Short Here: Sept 27th 90 Puts $1.28

Alot. Things are i wont say out of hand but a different hand. Paying up front for performance imo to the new ceo. As long as Starbucks people keep buying their drinks and food and whatever I just don’t get it. I drink coffee at home, not paying five dollars for a coffee every day once in a while I got a vanilla bean cream, but I get that free on the banks for opening up a new credit card once a year.

How much lower can SBUX go???

In some puts for September

SBUX Short @ $95.13
A C suite change.
+25% rise in the stock price today is euphoric, premature, me thinks.

MG

$SBUX $CMG

SBUX trading down at ~ $75/share on drop in sales, earnings in U.S., China and Middle East. Spirited debate on remedies (among Faber, Cramer and SBUX CEO on CNBC-TV) to improve SBUX waiting time for service has concluded for now.

$SBUX
https://x.com/hannahadad8890/status/1738679141631939017?s=61

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172666402 $SBUX

SBUX & BITCOIN WOOHOOOOOO

So funds loading up on this AH or what

I suspect that Bud Light flavored coffee will not do well!
https://www.cnbc.com/2023/06/27/starbucks-files-nlrb-complaint-against-union-over-pride-decor.html

Perhaps you should point your employees to the mental health section in their health plan.

You have no right to paint rainbows coming out your ass! If you think otherwise, it's time for you to spend the next 72 hours in a padded room!

SBUX Anyone notice the Starbucks "experience" has gone down.
While there are still lovely young men and women working as Barristers, the ranks are peppered with rough young men, punks even.
I know it's hard to hire now.
But I wonder why I would continue to pay $3 + $1 tip for not good tasting coffee, and have occasional poor experiences?
The immigrants working the counters at McDonalds are generally much nicer. And the coffee is about .71 inc tax, with free refills.
Who needs Starbucks?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171957295 $SBUX $GOEV

Bought mine in 2009 for 2.50 a share it can go some

SBUX Based on very early read of Fidelity Buy-Sells, it looks like SBUX has a fall coming up..
Right now it is green

STARBUCKS CORP
$98.44
+0.115 (+0.12%)

Coffee: Reduce risk of Heart Disease

https://academic.oup.com/eurjpc/advance-article/doi/10.1093/eurjpc/zwac189/6704995

Starbucks will close 16 U.S. stores, mostly on the West Coast, by the end of July because of safety concerns, according to the company. Most of the stores set to close are in the Los Angeles and Seattle metro areas.

“We’ve had to make the difficult decision to close some locations that have a particularly high volume of challenging incidents that make it unsafe for us to operate,” a Starbucks spokesperson told CNBC.

The map below shows the six stores in California and the six in Washington State that will close. The coffee chain will also close two stores in Portland, Oregon, one store in Philadelphia and another in Washington, D.C., also for safety.

Starbucks will close six stores in Greater Los Angeles and six in the Seattle metro area.

‘We cannot serve as partners if we don’t first feel safe at work’
Concern about store safety was central to a letter to employees published on Monday from Debbie Stroud and Denise Nelson, two senior vice presidents of U.S. operations at the coffee chain. The letter cites several societal safety concerns, including increased violence and drug use in the area of the stores.

“We know these challenges can, at times, play out within our stores too. We read every incident report you file — it’s a lot,” the letter said. “Simply put, we cannot serve as partners if we don’t first feel safe at work.”

The closures come at a unique time for Starbucks as more stores vote to unionize: over 100 of the company’s 9,000 U.S. stores since workers at a store in Buffalo, New York, became the first to join a union at the end of 2021.

One of the 16 stores being shuttered, 505 Union Station in Seattle, had also voted to join Starbucks Workers United — a fact that the union tweeted about after the announcement.

Oh my, what a rational analysis - ha

Actually, the reason they're closing storers is because they're trying to prevent a union from growing in strength.


.NPR Radio
Also https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167093233


NOT feces and needles and urine in bathrooms......

Unbelievable.