With Starbucks expanding in TN, hundreds of millions in tax revenue for WA could evaporate [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
The expansion raises concerns about Washington's business climate, with analysts citing lower taxes and costs in Tennessee. Seattle leaders say Starbucks isn't leaving, but the long-term impact on local jobs and tax revenue remains unclear. SEATTLE Washington could lose up to $750 million in tax revenue in the coming years with Starbucks expanding in Tennessee instead of Washington. The backstory Questions are mounting on the economic fallout for Washington as the Seattle-based coffee giant announced plans to invest $100 million in Nashville, adding 2,000 new jobs over the next five years. The company expects the corporate offices to be in operation by 2027. Starbucks CEO Brian Niccol characterized the expansion as a strategic move. "It really sets us up for our next leg of growth, the next chapter of growth for us," Niccol said. Tennessee Governor Bill Lee rolled out the red carpet for Starbucks during a press conference on Tuesday, saying the people of Tennessee have
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SBUX
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- Starbucks earnings set to reflect stabilizing US trends offset by mixed international outlook [Yahoo! Finance]Yahoo! Finance
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SBUX
Earnings
- 1/28/26 - Miss
SBUX
Sec Filings
- 4/21/26 - Form 4
- 4/17/26 - Form 144
- 4/8/26 - Form 4
- SBUX's page on the SEC website