Starbucks (SBUX -11.7%) continues to get roasted after missing FQ3 estimates, guiding FQ4 and...

Starbucks (SBUX -11.7%) continues to get roasted after missing FQ3 estimates, guiding FQ4 and FY13 forecasts lower, and making downbeat comments on its earnings call about U.S. traffic (slowdown in June), EMEA demand (flat same-store sales), and K-Cup margins. Baird is downgrading Starbucks to Neutral, but Deutsche thinks accelerating unit growth, ongoing same-store sales growth, and lower commodity prices spell a buying opportunity. GMCR -1.3%. DNKN -1.3%. JVA -1.8%.

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Comments (7)
  • wigit5
    , contributor
    Comments (4365) | Send Message
    You think they spend a lot of time coming up with the comedic lines? "Starbucks continues to get roasted..."
    27 Jul 2012, 10:34 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2229) | Send Message
    This is an example of the Starbucks affect. When disposable income gets squeezed things like $4.00 coffee drinks become unaffordable and voila consumers stop buying in the volumes the did when things were better. Totally predictable.
    27 Jul 2012, 10:37 AM Reply Like
  • jackooo
    , contributor
    Comments (1738) | Send Message
    How was disposable income squeezed?
    Gas prices are down. The economy is as bad as when Obama took over. Not much change that I can see.
    27 Jul 2012, 11:56 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2229) | Send Message
    Gas prices down from when? have you bought anything recently? Groceries up, clothing up, insurance up, automobiles up, salaries flat, house prices down but rents up. Get out of your man cave.
    27 Jul 2012, 12:41 PM Reply Like
  • birdmaestro
    , contributor
    Comments (128) | Send Message
    I'm glad that you are evidently enjoying a privileged life. You are increasingly in the minority as the middle class in this country is getting slaughtered.



    I like Starbucks but SBUX not so much. Going to be tough sledding ahead for premium middle class products.
    28 Jul 2012, 05:48 PM Reply Like
  • OleBO
    , contributor
    Comments (10) | Send Message
    I'm buying SBUX got way too beaten down!
    29 Jul 2012, 07:25 PM Reply Like
  • Edaugh
    , contributor
    Comments (183) | Send Message
    It seems like not long ago I remember reading a number of articles which said that in a time of downsizing, Americans will still cling to their "affordable luxuries" such as that $4 coffee, yet forgo the big ticket items. Now it seems this is not the case?
    I like SBUX at these levels or a little lower, but the company seems to be a little lost right now. The purchase of the bakery chain along with trying to roll out alcohol in certain markets seems like they do not have a clear vision of where they want to go. Reminds me of big pharma and their plan to try and buy the next big thing since their pipelines have run dry and with it, their hope of organic growth.
    30 Jul 2012, 04:52 PM Reply Like
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