Starbucks announced it will close about 250 stores across North America, representing roughly 1% of its locations, due to underperformance. This decision follows the company's recent settlement of a Florida lawsuit over diversity, equity, and inclusion (DEI) practices. Starbucks agreed to pay $1 million and end race- and sex-based hiring and promotion quotas nationwide, complying with Florida's civil rights laws. The settlement requires annual compliance certifications for four years and prohibits Starbucks from participating in organizations demanding increased racial diversity on its board.
Starbucks shares are trading at USD 93.34 on Pluang as of Sep 24, 2026 22:21 WIB, down 0.85% for the day. The stock has a market cap of $107.32 billion and a dividend yield of 2.63%. Despite the recent store closures and legal settlement, Pluang investors show a 58% buy order activity versus 42% sell.
Starbucks announced plans to close 250 stores in North America this week as part of ongoing restructuring efforts led by CEO Brian Niccol, who joined in 2024. This follows a previous closure of 627 stores in North America and Europe last September. T...
Starbucks announced it will close about 250 underperforming cafes, roughly 1% of its North American locations, as part of its ongoing business turnaround. The company, led by CEO Brian Niccol, aims to improve customer experience and financial perform...
Domino's Pizza shares have fallen 28% in 2026, significantly underperforming the consumer discretionary sector and broader market. While McDonald's stock also declined, Starbucks rose, indicating that the restaurant sector's challenges are not unifor...
McDonald's recently raised its dividend, offering a higher yield and stronger payout coverage compared to Starbucks, whose dividend has been flat amid a turnaround effort. McDonald's franchise-based business model generates higher margins and more re...
