Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on spending plans of $2.5 to $3 billion over the same period on technology, new stores and renovations, the coffee chain said on Tuesday.
Starbucks employees who support unionization protest in the company's hometown ahead of Investor Day, in Seattle, Washington, U.S. September 12, 2022. REUTERS/Hilary Russprojects profits to grow between 15% to 20% per share over the next three years, a significant increase from previous guidance based on spending plans of $2.5 to $3 billion over the same period on technology, new stores and renovations, the coffee chain said on Tuesday.
The company is exploring "load balancing" technology that can send orders to stores that have capacity to actually fulfill them – instead of to stores already being slammed by drive-thru customers, for instance, Chief Technology Officer Deb Hall Lefevre said in an interview with Reuters.The pandemic changed customer behavior, leading to a deluge of mobile, delivery and drive-thru orders, as well as an increase in cold beverages and customized coffee drinks.
A new system for iced coffee drinks shaves nearly a minute off the time it takes to make a Mocha Frappuccino, down to 35 seconds. Baristas would no longer need to haul a bucket of ice to the station every hour because the ice will be automatically fed into the new equipment. In China, it plans to nearly double the number of stores to 9,000 - or one new store nearly every nine hours.Employees at 236 stores voted to join a union over the past year, out of Starbucks' nearly 9,000 corporate-owned U.S. locations. Conversely, 52 stores voted against unionizing, according to National Labor Relations Board data.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Universal Paragon Corp. proposes Project Axon at Sierra Point in Brisbane - San Francisco Business TimesThe proposed hotel near the Brisbane Marina is envisioned with over 600 rooms and an outdoor wedding chapel. An adjacent life sciences building will rise 11 stories.
Weiterlesen »
Here’s where ETF investors plan to put money to work in coming year – and how their generational attitudes shake out, Schwab study findsMany investors in ETFs aren't rattled by market volatility in 2022 and are planning to take risks in areas such as U.S. equity and cryptocurrency ETFs in the coming year, according to a study by Charles Schwab Corp.’s asset management arm.
Weiterlesen »
Bank of America CEO predicts income boost from higher ratesBank of America Corp expects a 'big bump' in the income it earns from rising interest rates, its chief executive officer told investors at a conference on Monday.
Weiterlesen »
Oracle meets revenue targets on cloud strength, Cerner boostOracle Corp met Wall Street targets for first-quarter revenue on Monday as demand for its cloud services stayed strong and its acquisition of healthcare IT firm Cerner started to pay off.
Weiterlesen »
Jury selection starts in Nikola founder Trevor Milton's fraud trialJury selection began Monday in the fraud trial of Trevor Milton, the founder and former executive chairman of Nikola Corp accused of lying about the electric...
Weiterlesen »
Oracle misses on earnings results and forecast as strong dollar takes a tollOracle reported lower earnings than expected Monday and executives’ profit forecast also came in lower than analysts were projecting, as a strengthening dollar took its toll.
Weiterlesen »