Seeking Alpha

Heard during Starbucks' investor presentation

  • Execs with Starbucks (SBUX +0.3%) presented today at the William Blair & Company Growth Stock Conference
  • EPS growth of 20% to 22% is forecast.
  • The company expects to have 1.5K stores in China by the end of the year.
  • Sales have improved at every 2-hour interval of the day with the 11:00 a.m.-1:00 p.m and 1:00 p.m.-3:00 p.m. windows showing the strongest pace of comp sales gains.
  • Offering beer and wine at stores has lifted the average ticket level at participating stores.
  • CFO Scott Maw notes tea is a bigger market than coffee and is growing at a faster pace. Tea opportunities could broaden as tea concept stores in the U.S. draw notice.
  • "Significant innovation is on the docket," says management. Look for the trend of 1% to 2% of comp growth from innovation to continue at Starbucks.
  • Express ordering via mobile app is on the agenda. Testing is ongoing.
  • Webcast
Comments (3)
  • Bbloomlu
    , contributor
    Comments (201) | Send Message
    Let the earnings and stock price continue to outpace the market
    11 Jun, 07:12 PM Reply Like
  • Flexerile
    , contributor
    Comments (3) | Send Message
    Is Starbucks a good buy at $74.80? Its price has risen by over $50 of the past 4 years. With a median price target of $90 and solid financial performance, I like what I see. I like the future performance expectations and how the transparency of its growth strategy. Smart, who would have through to hedge against slow coffee bean harvest. They did not exactly call it a hedge, but their business model created a natural hedge. I have held SBUX for the past 3 years and will continue to do so.
    11 Jun, 09:24 PM Reply Like
  • NY2LA 1
    , contributor
    Comments (222) | Send Message
    People in china are getting tired of sbux.
    12 Jun, 02:33 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: