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Sat, Jan. 23, 2:46 PM
- The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
- The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
- The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
- The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
- Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
- Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
- Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
Fri, Jan. 22, 8:31 AM
- Starbucks (NASDAQ:SBUX) fired a warnings shot at JAB Holding yesterday during its post-earnings conference call.
- CEO Howard Schultz said the company is committed to staying in the K-Cup business, although it's "unresolved" if that will be with JAB acquisition Keurig Green Mountain (NASDAQ:GMCR) or on its own.
- JAB is a major coffee rival with stakes in Caribou Coffee, Peet's Coffee & Tea, and Jacons Douwer Egberts.
- Starbucks earnings call transcript
- Previously: Starbucks pulls strong comp in FQ1, guidance doesn't dazzle (Jan. 21 2016)
Thu, Jan. 21, 5:37 PM
Thu, Jan. 21, 4:16 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 8% in FQ1. The company is on a consistent track of solid comps. Last year's comp marks were +5% in Q1, +7% in Q2, +7% in Q3, and +8% in Q4.
- Traffic was 4% higher at Starbucks stores during the quarter.
- Comp growth by region: Americas and U.S. +9%; EMEA +1%; China/Asia Pacific +5%.
- The company's operating margin jumped 60 bps to 19.7% as lower dairy and coffee costs kicked in.
- Starbucks added 528 net new stores during the quarter to reach 23,571 global stores.
- Full-year FY16 guidance set at $1.87 to 1.89 vs. $1.89 consensus. Q2 FY16 EPS of $0.38 to $0.39 expected.
- SBUX -3.56% AH to $56.39.
Thu, Jan. 21, 4:06 PM
Wed, Jan. 20, 5:35 PM
Wed, Jan. 20, 9:59 AM
- Starbucks (SBUX -2.7%), McDonald's (MCD -1.1%), Dunkin' Brands (DNKN -1.9%), and Tim Hortons (QSR -2.5%) are getting relief on input costs for coffee and milk.
- Mik prices are down 13% Y/Y and coffee prices are down 9% over the last nine months, according to data from the Bureau of Labor Statistics.
- The restaurant chains have held the line on pricing for most menu items with coffee and milk.
- BLS raw data
Thu, Jan. 14, 1:06 PM
- Starbucks (SBUX +1.3%) shut down all of its stores in Indonesia after an attack inside and just outside a store in Jakarta occurred earlier today.
- The incident started when one of the attackers detonated a bomb inside the store, killing himself and injuring one customer.
- The company plans to reopen stores in Indonesia tomorrow.
Thu, Jan. 14, 8:11 AM
Tue, Jan. 12, 5:19 AM
- Starbucks (NASDAQ:SBUX) plans to open 500 stores in China every year until 2021 as it stays optimstic demand for coffee in the tea-drinking nation will explode.
- CEO Howard Schultz thinks China will become the largest market for Starbucks sometime in the future.
- The confidence from the Seattle juggernaut on China stands in contrast to the conservative positioning of some other large U.S. companies.
Fri, Jan. 8, 2:03 PM| Fri, Jan. 8, 2:03 PM | 2 Comments
Dec. 29, 2015, 5:28 PM
- Coffee prices continue to fall as strong El Nino rains in Brazil help to boost crop yields. The next harvest in the nation is forecast to be up 20% Y/Y at 58M bags.
- Even with Arabica prices down 28% this year, analysts see another swing lower for coffee in 2016 due to the oversupply situation.
- Weak currencies in South America are also providing a strong incentive to local producers to sell as much as they can.
- The trend toward low coffee prices is helping to lift margins for many coffee sellers with U.S. retail prices only down 4% to 5% this year. Companies light on hedging positions are seeing the biggest benefit.
- Most execs play coy over the bottom line benefit of lower coffee commodity prices, but even Starbucks CFO Scott Maw had to concede that pricing looked a "little bit favorable" during the firm's last earnings call (transcript).
- Coffee futures chart
- Related stocks and ETFs: KHC, GMCR, DNKN, OTCPK:RBGLY, OTCPK:RBGPF, SBUX, OTCQB:JAMN, SJM, MCD, JO, CAFE, THS, KKD, OTCPK:NSRGY, OTCPK:NSRGF.
Dec. 28, 2015, 1:40 PM
- Restaurant same-store sales returned to positive territory in November with a 0.5% gain, according to tracking from Black Box Intelligence. Traffic was down 1.7% during the month, while pricing and higher average ticket helped bail out the sector. However, average ticket growth has slowed down over the last few months as beverage sales have weakened.
- QTD same-store sales are up 0.2% after increasing 1.5% in Q3.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, BDL, NATH LUB, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, SHAK, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST, ARKR, WING, BOJA, ZOES, PLAY, FOGO, ARCO.
Dec. 22, 2015, 10:28 AM
- Starbucks China (SBUX +0.2%) announces it launched an online store in China on the Tmall website.
- The company sees building out its brand in China through e-cards, gifts, and other interactions through the online store.
- The e-commerce industry in China is expected to top the trillion dollar mark by 2018.
Dec. 22, 2015, 8:10 AM
- Starbucks (NASDAQ:SBUX) expects another record year for gift card purchases.
- Last year, one out of every seven Americans received a Starbucks gift card during the holidays. Almost 2.5M Starbucks Cards were purchased on Christmas Eve alone in the U.S. and Canada.
- Typically, sees a lift in same-store sales around the holidays with gift card purchase growth continuing to accelerate.
Dec. 21, 2015, 3:58 PM
- A statement from Chipotle (NYSE:CMG) addresses the new report from the CDC on 5 more E. coli cases tied to the restaurant chain.
- The company says it completed a "comprehensive" reassessment of food safety programs and believes it can achieve a "near zero" level of food safety risk.
- The five new cases disclosed today that dated back to November were expected, according to the Chipotle release.
- Shares of Chipotle fell 3.6% with over 2.6M shares traded.
- Sector watch: Restaurant analysts have been divided over which chain may have picked up some lost Chipotle traffic over the last few months, although the name most mentioned has been Qdoba (NASDAQ:JACK). Pret a Manger and Panera Bread (NASDAQ:PNRA) have also been cited due to their strong rate of geographic overlap with Chipotle. The case for Taco Bell (NYSE:YUM) and Del Taco (NASDAQ:TACO) hasn't been supported by early channel checks on traffic. Both Starbucks (NASDAQ:SBUX) and McDonald's (NYSE:MCD) may have caught some extra lunch business, but not enough to drive comps significantly higher.
- Previously: Chipotle hit again by E. coli report (Dec. 21 2015)
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.
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