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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