Starbucks stock rises 3% on plans to reopen U.S. stores

Starbucks stock rises 3% on plans to reopen U.S. stores

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New CTO role at Starbucks reflects rise of digital business | CIO

Starbucks Corp. SBUX, -2.57% stock rose 3% in extended trading Monday after the coffee giant announced plans to reopen more than 85% of its U.S. stores by the end of this week. Starbucks initially won't allow dine-in service, but will provide pickup and delivery in cafes, as well as drive-through. By early June, the Seattle-based company expects to have more than 90% of its stores open with limited hours. It followed the same return-to-operations plan in China. The Seattle-based company expects mobile pay to play an even more prominent role in transactions. Starbucks shares are down 8% in the last year. The broader S&P 500 index SPX, +0.42% is down 4% in the last year.

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