Starbucks (SBUX) Stock Slips as Union Launches “No Contract, No Coffee” Boycott

TLDR

• Starbucks Workers United launched a “No Contract, No Coffee” boycott, urging customers to stop spending at Starbucks until a contract is reached.
• The union represents over 12,000 baristas and is demanding a minimum $17/hour wage, better staffing, and stronger workplace protections.
• The union claims Starbucks has violated U.S. labor law more times than any other company in modern history, with 550+ unfair labor practice charges pending.
• SBUX stock fell around 1.5% on Tuesday but remains near its 52-week highs.
• Starbucks reported U.S. comparable sales growth of 7.9% and a 70% year-over-year jump in adjusted earnings for its fiscal third quarter.

Starbucks Workers United officially launched a boycott campaign on Tuesday, calling on customers to stop buying Starbucks coffee until the company signs a contract with its union baristas.

The union, representing more than 12,000 baristas, posted its statement on X with a clear message: “No Contract? No Coffee.”

SBUX stock dipped around 1.5% on Tuesday but has been trading near 52-week highs, suggesting the market is not yet treating the boycott as a serious threat to the business.

… Continue reading the full article at the original source below.