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How to get more bang for your buck with Starbucks stock
STARSHOTS: Starbucks shares jump on news of merger with U.K.-based rival article STOCKHOLM (AP) Starbucks is launching a new stock offering aimed at boosting earnings by boosting revenue and helping to expand its customer base.
The coffee chain is launching the Starbucks stock-buyback program, which will begin on Feb. 13 and end on Feb 14, the company announced Thursday.
Starbucks is aiming to raise as much as $4 billion for its stock buyback program through its share buyback scheme.
Starbuck has been seeking ways to expand sales in a country where its brands have struggled in the wake of a brutal drought, while the company’s U.S. sales fell 2.7 percent last year.
Starbucks plans to offer the stock buybacks to investors in the U.N. and other U.s. markets.