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Stockreport

With Starbucks expanding in TN, hundreds of millions in tax revenue for WA could evaporate [Yahoo! Finance]

Starbucks Corporation (SBUX)  More Company Research Source: Yahoo! Finance
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
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 [Read more]
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Stockreport

With Starbucks expanding in TN, hundreds of millions in tax revenue for WA could evaporate [Yahoo! Finance]

Starbucks Corporation  (SBUX) 
More Company Research Source: Yahoo! Finance
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
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 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS