Starbucks announces share buyback program for 40 million shares ahead of virtual shareholder event [MarketWatch]
Starbucks Corporation (SBUX)
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Source: MarketWatch
Starbucks announces share buyback program for 40 million shares ahead of virtual shareholder event Starbucks Corp. SBUX, -14.42% said Wednesday that it has authorized a share repurchase program for 40 million shares. The announcement comes ahead of the coffee giant's virtual shareholder event, which will begin at 10 a.m. PT. This is in addition to the 16 million shares remaining as of Dec. 29, 2019 from the previous buyback program. Starbucks previously announced that it was moving to a "to-go" only model in the interest of social distancing as the coronavirus outbreak wears on. Starbucks is expanding its relationship with Uber Eats UBER, -14.07% nationwide at the end of April, making it available in 48 states. The company has previously announced its worker compensation offering during the pandemic. The company has added a mental health benefit, offering 20 free counseling sessions annually. Store managers across the U.S. and Canada will also receive mental health training this
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