Starbucks Corporation(SBUX)- NASDAQ
  • Today, 10:02 AM
    • It's National Coffee Day in the U.S., but it's weather in Brazil and Vietnam that is the focus of the coffee industry.
    • Drought conditions and crop disease concerns have pushed prices higher and created some short-term supply constraints.
    • shows robusta coffee prices are up 18% YTD and mild arabicas prices are 16% higher.
    • Higher commodity prices can hit packaged coffee sellers harder than chains selling fresh coffee, although hedging activity also plays a larger factor in how individual companies shake out.
    • On a consumer level, don't expect any relief at Starbucks on their base coffee prices ($1.85 tall, $2.10 grande, $2.45 venti) anytime soon.
    • ETFs: JO, CAFE.
    | Today, 10:02 AM | 15 Comments
  • Yesterday, 7:13 AM
    • Starbucks (NASDAQ:SBUX) continues to expand its national initiative to support economic development in urban communities with a new store opening in the Englewood community in Chicago.
    • The company has similar stores in lower-income parts of Ferguson, Phoenix, and Queens, NY. Starbucks says it plans to expand initiative in 2017 to the Baltimore, Birmingham, Long Beach, CA, Miami, and Seattle metro areas.
    • Source: Press Release
    | Yesterday, 7:13 AM | 9 Comments
  • Tue, Sep. 20, 7:23 AM
    • Starbucks (NASDAQ:SBUX) is still a top pick at Piper Jaffray for 2016.
    • Analyst Nicole Miller Regan believes Starbucks will generate same-store sales growth of 4.9% and EPS of $0.55 in Q4 (same as consensus).
    • PJ keeps an Overweight rating and $72 price target on the retail chain. Her PT implies upside potential of 36% for SBUX.
    | Tue, Sep. 20, 7:23 AM | 11 Comments
  • Sat, Sep. 17, 9:36 AM
    • A revision to the bylaws at Starbucks (NASDAQ:SBUX) means that a group of shareholders holding a 3% block of shares for at least three years can now nominate board members.
    • Starbucks has 13 members on its board, including Chairman Howard Schultz.
    • SEC Form 8-K
    | Sat, Sep. 17, 9:36 AM | 15 Comments
  • Thu, Sep. 15, 5:01 AM
    • The American Beverage Association is suing to block Philadelphia's soft drinks tax, marking the latest clash between the soda industry and public officials seeking to boost revenue and combat health risks.
    • In June, Philly became the largest U.S. city to approve a volume-based tax of 1.5%-per-ounce on sugar sweetened beverages.
    • Voters in San Francisco and at least three other places will vote in November on whether to impose similar levies.
    • Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
    | Thu, Sep. 15, 5:01 AM | 60 Comments
  • Wed, Sep. 14, 11:22 AM
    • Data from NPD Group indicates that 11% of millennials use craft coffee brewing to satisfy their daily coffee cravings.
    • It's a trend to watch with younger consumers representing 44% of at-home craft coffee brewers of which a third live in urban areas.
    • It's not clear if the increase in at-home craft coffee consumption is peeling away meaningful packaged coffee sales or store traffic to chains, but there could be a reputational risk to national brands on quality in the future.
    • ETFs: JO, CAFE.
    | Wed, Sep. 14, 11:22 AM | 18 Comments
  • Mon, Sep. 12, 6:38 AM
    • Starbucks (NASDAQ:SBUX) plans to increase its global tea business to $3B over the next five years as it starts selling its Teavana line in more than 6,200 stores across the Asia Pacific region following its entry in China last week.
    • American consumers seeking out healthier food and drink options propelled its tea business to grow 12% last year, with sales of best-seller iced tea climbing 29%.
    | Mon, Sep. 12, 6:38 AM | 7 Comments
  • Fri, Sep. 9, 11:17 AM
    • Macy's (M -0.1%) is considering expanding its partnership with Starbucks (SBUX -0.8%).
    • Speaking at the Goldman Sachs Global Annual Retail Conference, CEO-in-waiting Jeff Gennette said the company is interested in "scaling" its business with Starbucks. He also didn't dismiss the idea of opening restaurants in stores as a way to attract traffic.
    • There are currently Starbucks setups at 49 Macy's stores.
    • Webcast of Macy's conference presentation
    | Fri, Sep. 9, 11:17 AM | 17 Comments
  • Wed, Sep. 7, 10:39 AM
    • Starbucks (SBUX +0.7%) CEO Howard Schultz endorsed Hillary Clinton for president in an interview with CNN.
    • It's no surprise that the lifelong Democrat is voting blue again, but what could be relevant for investors was his coy answer when asked if he might run for office someday.
    • "I'm still a young man," Schultz noted.
    • Earlier this summer, Starbucks did some management shuffling which seemed to be indicative of succession planning, although Schultz's exit is still presumed to be years away.
    • Previously: Starbucks CEO to focus on long-term strategy (July 26)
    | Wed, Sep. 7, 10:39 AM | 5 Comments
  • Tue, Sep. 6, 2:29 PM
    • Starbucks (SBUX -0.2%) says it will start serving Stevia at 9,000 stores in a new partnership with sweetener supplier Whole Earth Sweetener. The chain plans to make Nature Sweet packets available to consumers. The sweetener is a mixture of plant-based Stevia and monk fruit.
    • Stevia is seen by some advocates as a healthier alternative than mainstream sweeteners Splenda and Equal.
    • Shares of Starbucks have bounced around in a narrow range between $55 and $57 for most of the last six weeks.
    | Tue, Sep. 6, 2:29 PM | 22 Comments
  • Wed, Aug. 31, 10:49 AM
    • Shares of Starbucks (NASDAQ:SBUX) are just moderately lower and McDonald's (NYSE:MCD) is actually higher since the European Union ruled that the Irish government granted illegal state aid to Apple by lowering its tax bill over a long period of time.
    • The two consumer companies are at risk in theory due to their tax arrangements in Europe, although most analysts see the tax drama playing out over a long period of time with Apple's legal whizzes prepping to fight the EU full force.
    • Apple CEO Tim Cook's open letter to customers and shareholders on the EU issue is probably fully supported at Starbucks and McDonald's.
    • Previously: Apple received $14.5B in illegal Irish tax benefits (Aug. 30)
    | Wed, Aug. 31, 10:49 AM | 4 Comments
  • Mon, Aug. 29, 10:15 AM
    • Starbucks (SBUX -0.7%announces it opened its first location in Trinidad and Tobaggo with a store in San Fernando. Two more stores are planned to be opened in the nation later this year.
    • Trinidad and Tobago marks the 74th global market for Starbucks, including five in the Caribbean.
    | Mon, Aug. 29, 10:15 AM | 4 Comments
  • Thu, Aug. 11, 10:38 AM
    • Chipotle (CMG) is offering half-price drinks and two-for-one specials in a promotion running across eight states in the Midwest, according to RetailWire.
    • The deal runs from 4:00 p.m. to 8:00 p.m. at the participating restaurants.
    • Starbucks (SBUX +0.1%) has been very aggressive in increasing happy hour traffic with summer promotions of its own. The most well-known is the Frappuccino Happy Hour which was launched later than normal this year amid the Rewards program reset.
    | Thu, Aug. 11, 10:38 AM
  • Fri, Aug. 5, 1:47 PM
    • RBC Capital expects Starbucks (SBUX +0.9%) to return to 5% same-store sales growth in the the U.S. as the company improves the execution of its updated My Starbucks Rewards program.
    • The investment firm pulls back on its profit expectation for Starbucks, now seeing EPS of $2.15 vs. $2.20. A higher level wages higher across the chain's workforce is the cause of the downward revision.
    • SBUX currently trades at 25.99X the RBC 2017 EPS estimate.
    • Source: S&P Capital IQ
    | Fri, Aug. 5, 1:47 PM | 10 Comments
  • Wed, Aug. 3, 11:16 AM
    • Credit Suisse has some interesting insight into Starbucks (SBUX -1%) after sitting down with management.
    • A key focus in the coming quarters is if Starbucks can meet or exceed its 5% target for U.S. same-store sales. CS analyst Jay West notes that Starbucks didn't lowball on the 5% estimate, with CFO Scott Maw saying it's "not a layup" that the guidance will be met.
    • A surprise to the upside could be delivered if the company's My Starbucks Program and Mobile Order & Pay programs generate more sales from new personalized offers and the ability for customers to set up favorites. Tech firm Takt is aiding Starbucks in the data-driven initiative.
    • At the moment, Credit Suisse has SBUX rated at Market Perform with a $58 price target.
    • Analyst Jason West ranks #548 out of 4,071 analysts listed on TipRanks.
    | Wed, Aug. 3, 11:16 AM | 11 Comments
  • Tue, Jul. 26, 2:50 PM
    • Starbucks (SBUX +0.5%) CEO Howard Schultz will step back from day-to-day operations at the company to plot long-term strategy.
    • A letter sent yesterday to employees detailed a number of management changes that will delegate many of his duties as he pivots to a stronger focus on high-end businesses and creating a new premium business unit.
    • The development could set the table for succession discussion over the next few years.
    • Starbucks letter to employees
    | Tue, Jul. 26, 2:50 PM | 16 Comments