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Starbucks Stock Gains Despite Union Strikes with No End Date

Starbucks Stock Gains Despite Union Strikes with No End Date

Author:

Global Cryptocurrency

Published:

2025-11-19 18:07:02

16

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BTCCSquare news:

Starbucks (NASDAQ:SBUX) shares edged higher in Wednesday afternoon trading even as the Starbucks Workers United union announced an indefinite strike. The labor action, dubbed the 'Red Cup Rebellion,' aims to pressure the company into offering a 'serious and fair contract.'

Despite the disruption, Starbucks reported record sales during its Red Cup Day promotion. Company representative Jaci Anderson noted less than 1% of stores experienced operational impacts, with the vast majority of employees reporting for work.

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