Why Starbucks stopped rewarding its stockholders
CNN
Just three weeks ago, Starbucks announced that it had big plans to lavish its shareholders with new rewards. The company said it was reinstating its stock buyback program, touting a $20 billion commitment over the next three years.
"While our growth this year will not be linear, we are confident our approach supports a profit positive company today and over the long-term, creating value for all stakeholders, our partners, our customers and our shareholders," Chief Financial Officer Rachel Ruggeri said in a presentation to investors.
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