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Starbucks Corporation (SBUX)

  • Wed, Nov. 18, 9:03 AM
    • Execs with Starbucks (NASDAQ:SBUX) detailed some high-flying goals of the company at a retail conference presentation today.
    • Long-term goals include revenue growth of 10% and EPS growth of at least 15%.
    • Growth in China is still on track. Starbucks sees store count increasing at a 30% rate
    • Food sales in the U.S. are strong, increasing at a faster rate than drinks and helping to lift the average ticket. Breakfast sandwiches have been a strong driver of the growth in food sales.
    • There's more confirmation that the roll-out of the mobile ordering platform has been successful.
    • What to watch: Starbucks says it sees a "significant" real estate opportunity in the U.S.
    • SBUX +0.33% premarket to $60.75.
    • Morgan Stanley Global Consumer and Retail Conference webcast
    | Wed, Nov. 18, 9:03 AM | 9 Comments
  • Mon, Nov. 9, 1:15 PM
    | Mon, Nov. 9, 1:15 PM | 23 Comments
  • Mon, Nov. 9, 11:41 AM
    • Starbucks (SBUX -1.7%) faces yet another flap over its cups after a Facebook post ranting against the exclusion of Christmas themes from the red holiday cups went viral. The company introduced the holiday cups at stores last week.
    • Earlier this year, a plan by Starbucks to stir a conversation on race with its Race Together cups was taken by some as a marketing ploy.
    • Starbucks issued a statement yesterday on the rationale behind the unadorned red holiday cups.
    • Shares of SBUX are lower amid a broad decline in retail-focused names.
    | Mon, Nov. 9, 11:41 AM | 39 Comments
  • Thu, Oct. 29, 4:15 PM
    • Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 8% in FQ4 after increasing 7% in FQ3.
    • Traffic was 4% higher at Starbucks stores during the quarter.
    • Comp growth by region: Americas and U.S. +8%; EMEA +5%; China/Asia Pacific +6%. All three regions showed positive traffic.
    • Cost of sales +15.1% to $1.983B as lower coffee costs helped.
    • CPG/foodservice revenue +13% to $547M. Company-owned store revenue +19% to $3.89B.
    • The company's operating margin fell -70 bps to 19.7%.
    • Starbucks added 524 net new stores during the quarter to reach 23,043 global stores.
    • Full-year FY16 guidance set at $1.87 to 1.89. Q1 FY16 EPS of $0.44-$0.45 expected.
    • Previously: Starbucks EPS in-line, beats on revenue (Oct. 29)
    • SBUX -3.60% AH to $60.20
    | Thu, Oct. 29, 4:15 PM | 19 Comments
  • Thu, Oct. 29, 4:06 PM
    • Starbucks (NASDAQ:SBUX): FQ4 EPS of $0.43 in-line.
    • Revenue of $4.91B (+17.5% Y/Y) beats by $10M.
    • Shares -3.7%.
    • Press Release
    | Thu, Oct. 29, 4:06 PM | 16 Comments
  • Wed, Oct. 28, 5:35 PM
  • Wed, Oct. 21, 7:03 AM
    • Starbucks (NASDAQ:SBUX) plans to appeal a tax ruling by the European Union over deals with the Netherlands and Luxembourg.
    • The company says it sees "significant" errors in the EU decision.
    • A recovery of as much as €30M ($34.1M) was ordered by the EU.
    • Previously: EU concludes Starbucks, Fiat tax deals are illegal (Oct. 21 2015)
    | Wed, Oct. 21, 7:03 AM | 7 Comments
  • Wed, Oct. 21, 6:26 AM
    • Starbucks (NASDAQ:SBUX) and Fiat Chrysler (NYSE:FCAU) have been ordered to pay tens of millions of euros in tax repayments, under a new ruling that may spell big trouble for other corporations.
    • "All companies, big or small, multinational or not, should pay their fair share of tax," EU antitrust chief Margrethe Vestager declared at a news conference today, stating the two companies' European tax deals were illegal.
    • Who's next? European regulators are finishing up investigations into McDonald's (NYSE:MCD) and Amazon's (NASDAQ:AMZN) tax affairs in Luxembourg and Apple's (NASDAQ:AAPL) arrangements in Ireland.
    • Previously: Starbucks, Fiat in hot water over European tax deals (Oct. 15 2015)
    | Wed, Oct. 21, 6:26 AM | 70 Comments
  • Mon, Oct. 19, 1:56 PM
    • Starbucks (SBUX +1.6%) will face tax repayments in the tens of millions of euros in Europe after the EU issues a landmark decision this week, sources tell Financial Times.
    • The EU ruling is expected to have far-reaching implications for multinationals which use cross-border trades to reduce tax liabilities.
    • Apple, Fiat, and Amazon are all also in the cross-hairs of European regulators over the amount of taxes they paid.
    | Mon, Oct. 19, 1:56 PM | 20 Comments
  • Thu, Oct. 15, 2:16 PM
    • Reuters and Italian paper Corriere della Sera report Starbucks (SBUX +0.7%) is in talks with local business magnate Antonio Percassi to open branches in Italy. Corriere adds a deal is expected by Christmas.
    • Italy is one of the few major international markets in which Starbucks (21K+ stores in 65 countries) isn't present. The country's entrenched cafe culture - Italians often prefer espresso drinks to regular coffee, and typically pay less for them than what Starbucks normally charges - has been seen as a reason why Starbucks has held back.
    • Nonetheless, Italy's potential might be too much for Starbucks to ignore. The country has 60M people and Europe's 7th-highest per capita coffee consumption. A survey indicated Italians collectively down 70M cups of espresso per year.
    | Thu, Oct. 15, 2:16 PM | 20 Comments
  • Thu, Oct. 15, 8:47 AM
    • Wrapping up a year-long investigation, the European Union is expected to rule next Wednesday that Starbucks (NASDAQ:SBUX) and Fiat Chrysler (NYSE:FCAU) have benefited from illegal tax deals in Europe, WSJ reports.
    • What was illegal? It appears that the deals were extended to some companies and not others, in violation of EU law.
    • Starbucks and Fiat may have to pay back the taxes they should have paid in the past, though it isn't yet clear whether regulators will demand them to do so.
    • Whatever the case may be, the ruling is likely to heighten the uncertainty for U.S. multinationals operating in Europe.
    • Previously: EU to probe corporate tax rates in Ireland, Luxembourg, Netherlands (Jun. 11 2014)
    | Thu, Oct. 15, 8:47 AM | 3 Comments
  • Wed, Oct. 14, 10:20 AM
    • Starbucks (SBUX -0.9%) plans to add video screens at the drive-thru lanes of 2.4K U.S. cafes, reports Bloomberg. The video screens will display the face of the barista and detailed order information.
    • The investment is part of an overall strategy at Starbucks to strengthen its brand even further by focusing on the barista-to-customer relationship.
    • Earlier today, Starbucks showed its brand strength is filtering down to new generations by ranking first as the top restaurant pick of teenagers.
    | Wed, Oct. 14, 10:20 AM | 3 Comments
  • Wed, Oct. 14, 9:29 AM
    • Piper Jaffray's detailed survey of teenagers indicates their restaurants of choice may not be so different than their parents.
    • Starbucks (NASDAQ:SBUX) was picked as the top restaurant by the 13-year old to 19-year old group, with Chipotle (NYSE:CMG) and Chick-fil-A ranking second and third.
    • Perhaps a surprise, McDonald's (NYSE:MCD) ranked fourth, while Panera Bread (NASDAQ:PNRA) was solid with a 5th place listing.
    • Notably missing from the list were Taco Bell (NYSE:YUM), Wendy's (NASDAQ:WEN), and Subway.
    • Piper Jaffray infographic on survey results (.pdf)
    | Wed, Oct. 14, 9:29 AM | 28 Comments
  • Tue, Oct. 13, 12:51 PM
    • Starbucks (SBUX -0.2%) is testing office delivery of its products today at the Empire State Building in New York City.
    • The Green Aprons Delivery program will be run out of a dedicated kitchen in the 84-year old building.
    • If the pilot project goes well, a broader roll-out of Green Aprons Delivery is expected.
    | Tue, Oct. 13, 12:51 PM | 10 Comments
  • Mon, Oct. 12, 3:22 PM
    | Mon, Oct. 12, 3:22 PM | 30 Comments
  • Tue, Oct. 6, 4:59 PM
    • Gerri Martin-Flickinger, formerly Adobe's chief information officer (CIO), has been hired by Starbucks (NASDAQ:SBUX) to fill the newly-created role of chief technology office (CTO). She'll report to COO Kevin Johnson.
    • At Adobe, Martin-Flickinger oversaw the company's cloud infrastructure as the company migrated much of its user base from traditional software licenses to cloud subscriptions. Johnson: "As we continue to shape our global technology agenda at Starbucks, we needed leadership talent with deep experience in cloud, big data analytics, mobile and security to take us to the next level."
    • Starbucks, of course, isn't a stranger to making big digital service investments. The company handles over $1B/year in payments through its mobile apps, has partnered with Google to offer fast Wi-Fi, and has been rapidly rolling out its Mobile Order & Pay solution.
    | Tue, Oct. 6, 4:59 PM | 5 Comments
Company Description
Starbucks Corp is the roaster, marketer & retailer of specialty coffee in the world, operating in 65 countries. It sells a variety of coffee & tea products. It sells goods and services under brands under Teavana, Tazo, Seattle's Best Coffee, etc.
Sector: Services
Country: United States