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Form 8-K · Current Report · Filed 2025-01-17

Starbucks Announces Organizational Transformation as Part of Back to Starbucks Initiative

On January 17, 2025, Starbucks Corporation announced the next phase of its Back to Starbucks initiative, focusing on transforming its support organization.

Filer
Starbucks Corporation SBUX · NASDAQ
Filed
Accession
0000829224-25-000006
CIK
0000829224
Signal
Low impactConsumer Cyclical

Details

This transformation is expected to lead to job eliminations within the support teams. Changes will be communicated by early March. The initiative does not affect in-store teams or planned store hours.

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$94.43

Next session

+3.8%

Since filing

+11.5%

Latest close

$105.25

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SBUX reporting the same item, with the next session's move:

Exhibits (1)

About Starbucks Corporation

Starbucks Corporation is a renowned global leader in the coffeehouse industry, offering a wide array of beverages including coffee, tea, and other specialty drinks, alongside complementary food items. The company operates retail locations worldwide, providing customers with a unique coffeehouse experience characterized by quality products and a welcoming atmosphere. Beyond its physical stores, Starbucks significantly impacts the coffee production industry, promoting sustainable sourcing and ethical supply chain practices. Its operations extend into grocery and convenience stores through products like ready-to-drink beverages and consumer-packaged coffee. Founded in 1971 and headquartered in Seattle, Washington, Starbucks Corporation is pivotal in shaping consumer beverage preferences and enhancing global coffee culture, influencing both retail and wholesale sectors.

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