Starbucks CEO: 'We're not immune' to the trade war, but we're 'playing the long game' in China [CNBC]
Starbucks Corporation (SBUX)
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Source: CNBC
show chapters While Starbucks can't shield itself from the outcomes of the U.S.-China trade war , the company can continue to play the long game when it comes to China, Starbucks CEO Kevin Johnson told CNBC on Monday. We haven't seen any significant impacts from the geopolitical situation between the U.S. and China, but that said, we're not immune, he told CNBC's Jim Cramer on Mad Money. But because we really have built Starbucks in China for China, it really is operating as an entity in China that's relevant to the consumer, to the culture, and we're playing the long game. China has been a focal point for Starbucks as the coffeemaker's second-largest market after the United States. In August, Starbucks announced a partnership with Alibaba Group , China's largest technology company, to boost its digital and physical presence in the People's Republic. In early November, just after Starbucks reported better-than-expected earnings and rev
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SBUX
News
- Cramer's week ahead: Fed meeting and earnings from Apple, Amazon, Eli Lilly [CNBC]CNBC
- Starbucks Co. (NASDAQ: SBUX) had its price target lowered by analysts at Wedbush from $95.00 to $92.00. They now have a "neutral" rating on the stock.MarketBeat
- Starbucks, Workers United made 'significant progress' in this week's contract talks [MSNBC.com]MSNBC.com
- SpaceX asks Texas judge to block NLRB case over severance agreements [Reuters]Reuters
- Starbucks, Workers United made ‘significant progress' in this week's contract talks [CNBC]CNBC
SBUX
Earnings
- 1/30/24 - Miss
SBUX
Sec Filings
- 4/24/24 - Form 4
- 4/22/24 - Form 144
- 4/17/24 - Form 4
- SBUX's page on the SEC website