Starbucks' $181 Million in Unused Gift Cards Spurs Labor Group Complaint [BNN Bloomberg (Canada)]
Texas Roadhouse, Inc. (TXRH)
Last texas roadhouse, inc. earnings: 2/20 04:03 pm
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Source: BNN Bloomberg
investigate how the coffee chain accounts for unused money left on customers' stored-value cards and accounts. Starbucks claimed $181 million in revenue from money that wasn't spent on gift cards and loyalty accounts in fiscal 2021, an uptick from about $145 million the previous year. While that's just a small percentage of profit and revenue, the proportion of income coming from unused company credit has grown in recent years, according to the complaint that was filed Wednesday by the Strategic Organizing Center. The group, known as the SOC, is made up of unions including the parent of Workers United, which is driving a unionization campaign at Starbucks's US locations. Hundreds of stores have voted in favor of forming unions, although the pace of unionization petitions has slowed in recent months. The SOC argues that Starbucks's disclosures around unredeemed credit, known in the industry as breakage, are inadequate for investors. It adds that the Seattle-based company hasn't e
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TXRH
Earnings
- 2/15/24 - Beat
TXRH
Sec Filings
- 4/12/24 - Form PX14A6G
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- TXRH's page on the SEC website