Apr. 23, 2015, 10:20 PM
- Starbucks (NASDAQ:SBUX) CEO Howard Schultz forecast a "seismic shift" in mobile payments roughly a year ago, and now some of the first tremors from the Starbucks tech initiatives are being felt.
- The company disclosed today on its earnings call that it processes 8M mobile transactions a week.
- Mobile payment app users total 16M, up 60% Y/Y.
- The mobile ordering launch in progress at 600 Starbucks stores in the Pacific Northwest is providing "strong early results" in a disclosure that could calm some anxiety over execution issues with the program.
- The Seattle giant also loaded about $1.1B onto Starbucks cards during FQ2 - a mark that rivals the market cap of Krispy Kreme Donuts or Bob Evans Farms.
- Starbucks closed the day +2.27% and added another 4.19% in the after-hours session.
- Previously: Powerful comp lifts Starbucks (April 23)
- Previously: Starbucks EPS in-line, beats on revenue (April 23)
- Earnings call webcast
Apr. 23, 2015, 4:16 PM
- Starbucks (NASDAQ:SBUX): FQ2 EPS of $0.33 in-line.
- Revenue of $4.56B (+17.8% Y/Y) beats by $30M.
- Shares +3.89%.
Apr. 23, 2015, 4:13 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 7% in FQ2 vs. 5.1% expected and 4.9% last quarter.
- Transactions were up 3% and the average price per order was 4% higher.
- Comp growth by region: Americas and U.S. +5%; EMEA +2%; China/Asia Pacific +12%. All three regions showed positive traffic.
- The company's operating margin improved 40 bps Y/Y to 17.0%.
- My Starbucks Rewards member adds +1.3M members to 10.3M members total.
- The company added 210 net new stores during the quarter.
- FY15 guidance is reaffirmed at revenue growth of 16%-18% and a mid single-digit comp.
- FY15 EPS of $1.77-$1.79 expected vs. $1.57 consensus (split-adjusted).
- SBUX +4.17% AH to $51.50.
Apr. 18, 2015, 9:48 AM
- The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
- GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
- Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
- While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
- Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
- Partnerships between Silicon Valley and Detroit are expected to accelerate.
- GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
- Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
Apr. 16, 2015, 7:40 AM
- Starbucks (NASDAQ:SBUX) is in focus today on Wall Street with new firms jumping on the bandwagon.
- Guggenheim Partners initiates coverage with a Buy rating.
- BMO Capital starts off coverage on the company at Outperform.
- Yesterday it was Cowen Research taking a highly favorable view on the consumer products company.
- Starbucks sits with 20 Buy/Overweight ratings on the Street vs. 3 Hold/Neutrals and 2 Sell/Underweights.
- SBUX +0.2% premarket to $48.23 vs. a post-split high of $49.60.
Apr. 15, 2015, 11:00 AM
- Cowen Research initiates coverage on 8 different restaurant stocks.
- Starbucks (SBUX -0.1%) and Chipotle (CMG +0.7%) land Outperform ratings.
- Also of note, the high-flying pair ranked first and second in a Piper Jaffray poll of top restaurants brands with upper-income and average-income teenagers.
- Buffalo Wild Wings (BWLD +0.6%) was the third stock set at Outperform by Cowen.
- Habit Restaurants (HABT -1.8%), McDonald's (MCD -0.3%), Restaurants Brands Group (QSR +0.2%), Panera Bread (PNRA +0.7%), and Yum Brands (YUM +0.8%) were given a rating of Market Perform by the investment firm.
- None of the restaurant stocks listed above trade with a forward P-E ratio below 20.
Apr. 9, 2015, 8:41 AM
- Shares of Starbucks (NASDAQ:SBUX) trade this morning at their new split adjusted level.
- On the analyst front, Argus Research raises its price target on the company to $54.
- SBUX -0.2% premarket.
Apr. 7, 2015, 9:39 AM
- David's Tea (Pending:DTEA) files for a $75M IPO in the U.S. on the Nasdaq Global Market.
- Revenue of $142M and earnings of $1.52 per share was reported by the company for the fiscal year ending January 31.
- The Canadian retail chain has 134 stores in Canada and 24 stores operating in the U.S.
- The company expects to add 25 to 30 stores in Canada and 10 to 15 in the U.S. during FY15.
- Though small in scale, the U.S. expansion plan of David's has some relevance to Starbucks (NASDAQ:SBUX) with its Teavana growth initiative.
- "We believe there is a highly attractive, long-term growth opportunity for our store base in North America," reads the IPO filing.
- SEC Form F-1
Apr. 6, 2015, 1:57 PM
- Starbucks (SBUX +0.2%) sees a big opportunity in Indonesia.
- The company aims to double its store count to 400 over the next five years and focus on a smaller format, says Starbucks Indonesia COO Anthony Cottan.
- A plan to focus on local tastes will be employed by Starbucks with it set to compete with a wide variety of independent shops.
Mar. 31, 2015, 7:58 AM
- Starbucks (NASDAQ:SBUX) will begin selling a new smoothie line at 4.3K U.S. stores today.
- The new offerings will include smoothies made from Evolution Fresh juices and Dannon yogurt.
- Starbucks has a long partnership with Danone (OTCQX:DANOY) that is expected to expand into grocery stores this summer.
Mar. 24, 2015, 10:52 AM
- Despite plenty of noise on social media channels and in some op-ed pieces, Wall Street analysts see no financial impact from the criticism Starbucks (SBUX +0.5%) is taking on over its "Race Together" campaign.
- William Blair analyst Sharon Zackfia notes previous controversial stances by the company didn't appear to clip sales.
- The long view on last week's development at the Starbucks Annual Meeting have centered on the potential in China and in tea.
- SBUX +19.3% YTD.
Mar. 23, 2015, 3:24 PM
- The Barron's 400 has regularly beaten the S&P 500 (NYSEARCA:SPY) since its 2007 launch, writes Chris Dieterich, and also powers the Barron's 400 ETF (NYSEARCA:BFOR), which has topped the S&P 500 by nearly 500 basis points since starting in June 2013. BFOR is up 6% YTD, more than double that of the S&P 500.
- Among those added to the index during last week's twice-yearly rebalancing were Celgene (NASDAQ:CELG), American Airlines (NASDAQ:AAL), Starbucks (NASDAQ:SBUX), and Ameriprise Financial (NYSE:AMP).
- Among those dropped were McDonald's (NYSE:MCD), Wells Fargo (NYSE:WFC), Verizon (NYSE:VZ), and IBM.
- A "ruthless" quantitative security-selection method screens for growth, value, and cash flow, and filters further with other factors such as diversification.
Mar. 23, 2015, 2:35 AM
- After kicking off a race relations campaign last week, Starbucks (NASDAQ:SBUX) CEO Howard Schultz told employees on Sunday they will no longer be encouraged to write "Race Together" on drinks cups, but the company's efforts are "far from over."
- The move was met with skepticism on social media, with many complaining the company was overstepping it boundaries with a campaign on sensitive cultural topics that had no place in the coffee shop's lines.
Mar. 19, 2015, 10:38 AM
- Starbucks (SBUX +1.6%) spikes higher on strong volume a day after the company's annual meeting gives investors plenty to chew on.
- An announcement on a delivery service and the commitment to bring baristas into the conversation on race are grabbing the most notice, although it's the developments in China where some analysts see the most upside for the company.
- The decision to partner with Tingyi Holding in China solves a lot of distribution headaches for Starbucks, notes China Market Research Group.
- It also gives Starbucks a way to boost its brand in smaller cities.
- Technically-leaning traders think the 2-for-1 split is the rallying point for investors.
- Previously: Starbucks announces delivery service (Mar. 18 2015)
- Previously: Starbucks to split 2-for-1 (Mar. 18 2015)
- Previously: Starbucks on China (Mar. 18 2015)
Mar. 18, 2015, 3:42 PM
- Starbucks (NASDAQ:SBUX) didn't forget about China at today's eventful annual meeting of shareholders.
- Execs noted that China is the coffee giant's fastest-growing market and say the company plans to have 3.4K stores open in the nation within five years.
- Shanghai already has more Starbucks outlets than any other city in the world.
- The company says it signed a deal with Tingyi Holdings to produce and distribute the company's ready-to-drink products in China.
- Starbucks plans to convert tea drinks in China to the Teavana brand in 2016.
- Previous from the annual meeting: Starbucks announces delivery service, Starbucks to split 2-for-1
- Shares of SBUX staged a rally during the event to carve out a 1.8% gain.
Mar. 18, 2015, 1:27 PM
- There's more news from the Starbucks (SBUX -0.3%) Annual Meeting.
- The company has set a 2-for-1 stock split for April 9.
- The company also says it sees enough growth on the horizon to help push the company to a $100B market capitalization.
- Starbucks Annual Meeting webcast
- Previously: Starbucks announces delivery service
Starbucks Corp. engages in the manufacture and sale of coffee and tea. The firm operates through the following segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; Channel Development; and Other. Its brand portfolio includes Starbucks Coffee, Seattle's Best Coffee, Tazo Tea,... More
Industry: Specialty Eateries
Country: United States
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