JUMP REPORT
| Avg Daily Volume: 14,363,590 Market Cap: 74B Sector: Services Short Interest: 1.66 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .34/share REV: 5,890/M
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LAST QTR: EPS: .76/share ACTUAL: .79/share (BEAT)
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NEXT QTR: EPS: .10/share REV: 4,880/M
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FULL YR: EPS: 1.80/share REV: 24,460/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 42% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -3.38, 3.59, 9.6
EXPECTED JUMP MOVE: 8-10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
In the closing of the recent trading day, Starbucks (SBUX) stood at $96.61, denoting a +0.18% change from the preceding trading day.
Starbucks has been facing a crisis from its workers union across the country for the last few months — including a strike that hit several hundred branches during the company’s Red Cup Day last month. The coffee giant is now taking a massive step in an attempt to bargain with its union, as Sara Kelly, Starbucks’ chief partner officer, released a letter on Dec. 8 expressing the company’s desire to meet with Workers United by January 2024. Kelly’s letter, which was directed to Workers United International President Lynne Fox, said that the “impasse” that the two sides are in “should not be acceptable to either of us.”
Starbucks said Friday it’s committed to bargaining with its unionized workers and reaching labor agreements next year, a major reversal for the coffee chain after two years fighting the unionization of its U.S. stores. In a letter to Lynne Fox, the president of the Workers United union, Starbucks Chief Partner Officer Sara Kelly said the current bargaining impasse between the two sides “should not be acceptable to either of us.” In a statement distributed by Workers United, Fox said she is reviewing the letter and will respond.
(Bloomberg) — Starbucks Corp. said it reached out to the union representing hundreds of its stores to try to end an impasse over contract talks, a conflict that has frayed the coffee giant’s relationship with some of its frontline employees.Most Read from BloombergApps That Use AI to Undress Women in Photos Soaring in UseThe Record Rush to Buy a Rolex or a Patek Philippe Is OverApple’s iPhone and Watch Product Design Chief to Leave in Shake-UpAmericans Rush to Portugal Ahead of Changes to Expat
Starbucks wants to resume contract talks with the recently formed labour union that represents thousands of the coffee chain’s US baristas, the company said on Friday, aiming to break what it called a months-long “impasse”. The announcement comes a day before the two-year anniversary of a successful vote for union representation at a Starbucks café in Buffalo, New York, an election that kicked off organising efforts at hundreds more stores around the country. The Starbucks Workers United (SWU) union now represents workers at about 350 of the 9,000 stores that Starbucks operates in the US.
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