Starbucks Adds Three New Risks to Profile
November 22 2021 - 05:37AM
TipRanks
Washington-based Starbucks (SBUX) operates a global chain of
coffeehouses. It recently launched a service that lets customers
order and pick up their coffee at an Amazon Go location in New York
City. The service will be extended to more locations next year.
Starbucks recently sold its 50% stake in a Korean joint venture and
raised about $1.2 billion. The company has committed to return $20
billion to its shareholders through dividends and share repurchases
over the next three years. Additionally, it plans to raise wages
for its workers starting 2022. With this in mind, let us look at
the company's recent financial results and understand its newly
added risk factors.
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