Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves. The Company serves a variety of coffees, foods, and teas in-store via in-person customer transactions and its mobile ordering feature.

Grabar Law Office is investigating claims on behalf of shareholders of Starbucks Corporation (NASDAQ: SBUX). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.

WHY? On November 2, 2023, Defendants issued a press release announcing 2023 full year fiscal highlights. On an earnings call the same day, one of the individual Defendants outlined fiscal year 2024 guidance. On January 30, 2024, Defendants published their first quarter fiscal 2024 results and reduced their projections for fiscal year 2024.

An underlying securities fraud class action complaint has just survived a motion to dismiss. That Complaint alleges that Starbucks (NASDAQ: SBUX), through certain of its officers, violated the securities laws by engaging in a “concerted effort to hide from investors that store traffic (or transactions) – a Starbucks financial metric that reports the number of sales at existing company-operated stores – in [the United States and China] was declining.” The Complaint alleges that Defendants made numerous “false and misleading statements and omissions” during the Class Period, with actual knowledge or reckless disregard of their falsity, in violation of §§ 10(b) and 20(a) of the Securities Exchange Act and SEC Rule 10b-5.

On November 19, 2025, the Court issued an Order finding that several core allegations were adequately pleaded and could proceed. Specifically, the Court held that Plaintiffs sufficiently alleged falsity regarding Starbucks' statement that there were “no material changes” to risk factors. The Court also held that Plaintiffs adequately pleaded falsity for specific statements in the Q1 2024 earnings call, particularly those describing strong traffic, positive customer experiences, and stable store operations; success of the reinvention/Triple Shot initiatives; and the strength of the loyalty program and U.S. demand.

WHAT YOU CAN DO NOW: If you purchased Humana Inc. (NASDAQ: SBUX), shares prior to December November 2, 2023, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.  You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.