) in a statement on Sunday announced an online college education
program for its U.S. employees in collaboration with Arizona State
Under the program, christened "Starbucks College Achievement
Plan", eligible Starbucks employees will get an opportunity to earn
a bachelor's degree from ASU with full tuition reimbursement.
The Starbucks College Achievement Plan will be officially
announced by Starbucks chairman, president and chief operating
officer Howard Schultz at the first-ever Partner Family Forum in
New York on Jun 16.
The program is open for all Starbucks workers - part-time and
full-time - clocking an average of 20 hours per week at any of the
company-operated stores, including Teavana, La Boulange, Evolution
Fresh and Seattle's Best Coffee stores. Starbucks employs 135,000
part-time and full-time employees in the U.S.
Workers enrolled at the university as juniors or seniors will
earn full tuition reimbursement for each semester of full-time
course work, while freshmen and sophomores can avail a partial
Starbucks employees can opt for any undergraduate degree program
offered at ASU ranging from retail management to electrical
engineering without any obligation to continue working at Starbucks
Starbucks did not comment of how much it intends to spend on the
program which will help more U.S. students finish school who failed
to complete their degrees due to mounting debt.
Other Stocks to Consider
Starbucks carries a Zacks Rank #3 (Hold). Better-ranked
Burger King Worldwide, Inc.
Buffalo Wild Wings Inc.
Red Robin Gourmet Burgers Inc.
). While Buffalo Wild Wings sports a Zacks Rank #1 (Strong Buy),
Burger King and Red Robin carry a Zacks Rank #2 (Buy).
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BUFFALO WLD WNG (BWLD): Free Stock Analysis
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