Formerly bankrupt restaurant chain announces major turnaround update [Yahoo! Finance]
Starbucks Corporation (SBUX)
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Source: Yahoo! Finance
Instead of renewal, the year was marked by financial troubles, bankruptcy, and a significant loss of its domestic and international footprints. Founded in 1965 in New York City, this restaurant chain became a household name by serving classic American bar food and offering popular happy hour drink deals intended to make every day feel like a Friday. For decades, the brand portrayed itself as a lively escape where guests could relax, enjoy indulgent food, and unwind. But behind that image, the chain had been quietly struggling with years of declining sales and rising costs. Those pressures ultimately reached a tipping point, leaving the company unable to sustain its financial obligations. In early 2024, TGI Fridays began closing dozens of underperforming restaurants nationwide, describing the move as a strategic effort to streamline operations and position the brand for long-term growth. However, the closures continued throughout the year, reaching around 50 locations before the
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SBUX
Earnings
- 10/29/25 - Miss
SBUX
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website