Starbucks increases employee wages as anticipated
- BySeeking Alpha-
Starbucks (SBUX) announces that it is scaling in wage increases. Read more on SBUX stock.
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Starbucks (SBUX) announces that it is scaling in wage increases. Read more on SBUX stock.
Starbucks will raise wages for its U.S. baristas at least twice in 2022, bringing its pay floor to $15 an hour by the summer.
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Analyst Brian Mullan upgraded Starbucks to a Buy with an unchanged price target of $127, which represents 14% upside from current levels. Meanwhile, analyst Sara Senatore...
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| Moving Averages | Strong Sell | Strong Sell | Strong Sell | Sell | Buy |
| Technical Indicators | Neutral | Strong Sell | Strong Sell | Buy | Strong Buy |
| Summary | Sell | Strong Sell | Strong Sell | Neutral | Strong Buy |
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| 289.60 | 290.10 | 286.50 | +1.50 | +0.52% | 8.35M | London | |||
| 21.18 | 21.88 | 21.14 | -0.64 | -2.93% | 322.18K | London | |||
| 440.40 | 443.20 | 436.50 | -4.30 | -0.97% | 22.63M | London | |||
| 299.60 | 307.80 | 297.30 | -6.90 | -2.25% | 5.03M | London | |||
| 49.58 | 50.33 | 49.15 | +0.62 | +1.27% | 193.63M | London | |||
| 525.00 | 520.00 | 510.00 | +9.00 | +1.74% | 241.86K | London | |||
| 224.00 | 242.60 | 220.00 | -13.60 | -5.72% | 11.16M | London | |||
| 6.50 | 6.50 | 6.50 | +0.60 | +10.17% | 264.51K | London | |||
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| 1,553.50 | 1,584.00 | 1,552.00 | -29.00 | -1.83% | 888.69K | London | |||
| 4,596.00 | 4,675.00 | 4,582.50 | -61.5 | -1.32% | 3.82M | London |
Starbucks Corp is a roaster, marketer and retailer of specialty coffee with operations in approximately 83 markets around the world. The Company has over 32,660 Company-operated and licensed stores. It operates through three segments: Americas, which includes the United States, Canada and Latin America; International, which includes China, Japan, Asia Pacific, Europe, the Middle East and Africa; and Channel Development. Americas and International operations sell coffee and other beverages, complementary food, packaged coffees, single-serve coffee products and a focused selection of merchandise through Company-operated stores and licensed stores. Channel Development segment is engaged in sale of packaged coffee, tea and ready-to-drink beverages to customers outside of its Company-operated and licensed stores. The Company also sells goods and services under various brands, including Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve and Princi.