Starbucks Corp (SBUX)

Starbucks Corp. (NASDAQ: SBUX) is considering selling a minority stake in its China business to an outside investor as part of efforts to reinvigorate growth in the region, according to the company's CEO.

The effort is part of a menu overhaul under CEO Brian Niccol.

From electric vehicle makers to food delivery platforms, large-scale Chinese companies often follow a familiar fast-growth strategy through rapid cash burn and expansion.

Human capital management provider Alight (NYSE:ALIT) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 2% year on year to $548 million. The company expects the full year’s revenue to be around $2.35 billion, close to analysts’ estimates. Its non-GAAP profit of $0.10 per share was in line with analysts’ consensus estimates.

Starbucks cuts prices on select iced beverages in China by 5 yuan on average to attract more customers, amid competition and cautious spending.

The American coffee chain faces a challenge in the country from emerging local chains such as Luckin Coffee and Cotti Coffee.

In other changes, the CTO will now report to the CFO, while its chief legal officer is leaving.

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The investment firm said its model predicts weak earnings from 2026 to 2028.

Starbucks is eliminating one of its most generous loyalty program benefits as part of CEO Brian Niccol's broader strategy to improve profit margins and reposition the coffee chain as a premium brand.