Wed, Apr. 6, 9:42 AM
- A plan by Starbucks (NASDAQ:SBUX) to build its second high-end coffee roastery in the heart of Manhattan is putting a jolt into the coffee world. The massive site at 61 Ninth Avenue is expected to be opened in 2018.
- The aggressive move indicates the company doesn't want to cede any ground on the ultra-premium end of the business where some indie brands have been trying to nip at the chain.
- Execs with Starbucks said another U.S. site and locations in Asia are being considered for a third roastery.
- Now read Starbucks Is Still Our Favorite Buy And Hold Investment
Tue, Apr. 5, 9:08 AM
- Evercore ISI Group initiates coverage on Starbucks (NASDAQ:SBUX) and Wendy's (NASDAQ:WEN) with Buy rating after a full scan of the restaurant sector.
- The investment firm sets Hold ratings on Domino's Pizza (NYSE:DPZ), Jack in the Box (NASDAQ:JACK), McDonald's (NYSE:MCD), and Yum Brands (NYSE:YUM).
- On watch today for a dip is Dunkin' Brands (NASDAQ:DNKN) which catches the lone Sell rating today from Evercore.
- Now read Why I'm Not Falling In Love With Dunkin' Brands
Mon, Mar. 28, 9:53 AM
- McDonald's (MCD +0.5%) continues to test different delivery options including using third-party provider Postmates.
- The company is assessing demand for the service and if a workaround solution might exist other than sending a third-party provider into a store to stand in line, according to Chief Digital Officer Atif Rafiq.
- Other fast-food chains are also on the verge of making some major changes to their business model as they walk the tightrope between expanding digital ordering and store operations. Last week at the New York Auto Show, the concept of a Domino's Pizza (NYSE:DPZ) food truck loaded with ovens was tipped. The new concepts under consideration coincide with weak store traffic trends across the industry.
- Other companies with an eye on innovation include Panera Bread (NASDAQ:PNRA), Dunkin' Brands (NASDAQ:DNKN), Noodles (NASDAQ:NDLS), Wendy's (NASDAQ:WEN), Burger King (NYSE:QSR), Taco Bell, Qdoba (NASDAQ:JACK), and Buffalo Wild Wings (NASDAQ:BWLD). Starbucks (NASDAQ:SBUX) may be a step ahead of the pack with a Postmates pilot program in Seattle running and its mobile ordering business thriving.
Wed, Mar. 23, 4:16 PM
- A month after sparking an uproar by announcing loyalty program stars will be linked to how much users spend (rather than transaction count) going forward, Starbucks (NASDAQ:SBUX) has attempted to soften the blow by unveiling a reloadable Visa prepaid card that lets users earn stars nearly anywhere Visa is accepted. Customers will be able to apply for the card (due by year's end) via Starbucks' site and apps.
- The announcement is one of several made in tandem with Starbucks' annual meeting. The coffee chain also disclosed it's bringing Teavana's offerings to Starbucks stores in EMEA and Asia-Pac by the end of FY16 (ends in September). Meanwhile, in the U.S., the company will begin selling ready-to-drink cold brew coffee to retailers this summer through its partnership with PepsiCo.
- Also: Starbucks' partnership with Keurig Green Mountain has been amended to give Starbucks "greater flexibility in driving product innovation and more control over quick and deep expansion of our products into channels beyond grocery." Though Keurig will remain the supplier of Starbucks-branded K-Cups, the company will begin selling espresso pods compatible with Nespresso machines in Europe this summer. A Starbucks latte line will be launched in the U.S. for Keurig systems.
- Shares closed down 0.9%. The S&P fell 0.6%.
- Earlier: Starbucks annual meeting going on as scheduled
Wed, Mar. 23, 9:55 AM
Wed, Mar. 23, 9:39 AM
Tue, Mar. 22, 2:03 PM
- Starbucks (SBUX +0.4%) closes all of its stores in Belgium in a reaction to today's bombings in Brussels.
- Some reports indicate that an explosion at the airport occurred just outside a Starbucks store, although there's no official report on the exact location of the incident.
- The company operates 12 stores in Belgium, according to a map on its website.
Tue, Mar. 22, 11:51 AM
- J.D. Power forecasts global automobile sale of 92M this year.
- The research firm sees sales in the U.S. rising to 17.8M in 2016 from 17.5M in 2015. The unit volume tally would set a record.
- A bit of a warning arrives from J.D. Power on the staying power of the U.S. automobile recovery. J.D. notes that the U.S. auto industry is in year seven of its recovery which lands in the middle of the typical post-recession recovery period of six to nine years.
- Another fascinating aside from the New York Show is a comment made by a top exec from Cox Automotive that Domino's Pizza (DPZ -0.1%) is testing making pizzas inside its vehicles to speed up order turnover. While food trucks have been very successful for some small and independent chains, the concept is relatively untested on a broad national scale. Could Chipotle (NYSE:CMG), Starbucks (NASDAQ:SBUX), or Papa John's (NASDAQ:PZZA) go mobile?
- Related stocks: GM, F, FCAU, TM, OTCPK:NSANY, HMC, OTC:HYMLF.
- Source: USA Today reporter Nathan Bomey's New York Auto Show coverage on Twitter.
Thu, Mar. 10, 2:59 PM
- Restaurant same-store sales increased 0.4% in February to break back into positive territory after a down month in January, according to tracking from Black Box Intelligence.
- Same-store traffic was down 1.3% during the month. The shift of the Super Bowl into the February reporting period was a negative factor.
- Average guest check was up 1.8%. Though solidly positive, the amount is a deceleration in spending from recent months. The lower mark could be an indication that chains are focusing on pricing and promotions in an effort to drive traffic.
- BBI expects a rebound in March sales.
- 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.
Fri, Mar. 4, 7:54 AM
- Dunkin' Brands (NASDAQ:DNKN) CEO Nigel Travis tells Reuters the company is using $5 Dunkin' Donuts gift cards as an opening salvo in a war to win over Starbucks (NASDAQ:SBUX) customers.
- Starbucks is seen as slightly vulnerable due to its shift to a dollar-based loyalty program from one that used a transaction count to dole out freebies.
- "We feel excited about the change to Starbucks' loyalty program," says Travis.
- Previously: Starbucks tightens policy on rewards giveaways (Feb. 22 2016)
- Previously: The math behind the Starbucks rewards switch (Feb. 23 2016)
Thu, Mar. 3, 9:14 AM
- JAB Holding completes its acquisition of Keurig Green Mountain (NASDAQ:GMCR).
- The transaction brings Keurig under the same corporate umbrella as Caribou Coffee, Peet's Coffee & Tea, Jacobs Douwe Egberts, Bach Espresso, Bravo, Einstein Noah Restaurant Group, and Espresso House.
- By swallowing up Keurig, JAB has raised the stakes in its battle with Starbucks (NASDAQ:SBUX), Mondelez International (NASDAQ:MDLZ), Nestle (OTCPK:NSRGY), and JM Smucker (NYSE:SJM) for coffee dominance. For now, Starbucks plans to stick with its Keurig partnership, although on the last SBUX earnings call Howard Schultz called the future of the relationship unresolved (earnings call transcript). The other companies will also have to shift strategy to the new coffee matrix.
- JAB is a privately-owned company with power divided up between the children of Albert Reimann.
Thu, Mar. 3, 3:34 AM
- Continuing its international expansion, Starbucks (NASDAQ:SBUX) is opening its first shop in South Africa next month, the coffee giant's local licensee Taste Holdings told Reuters.
- "By the end of the next two years we will have opened about 12 to 15 outlets," Taste Holdings Chief Executive Carlo Gonzaga declared. "We think the South African market can, right now, take about 150 Starbucks stores."
- Previously: Starbucks to open first store in Italy (Feb. 29 2016)
Tue, Mar. 1, 9:29 PM
- Former Starbucks (NASDAQ:SBUX) Chief Operating Officer Troy Alstead has left the company on a permanent basis. Alstead took an unpaid leave about a year ago, leaving Kevin Johnson to man the COO position.
- Alstead was considered at one time a potential long-term replacement for CEO Howard Schultz.
- SEC Form 8-K
Mon, Feb. 29, 2:02 AM
- Starbucks (NASDAQ:SBUX) is finally ready to take its Americanized version of Italian coffees back to Italy, with its first outlet set to open in early 2017.
- It's a symbolic move for CEO Howard Schultz. On a business trip in the 1980s, he visited Milan and Verona and decided to bring espresso drinks to the U.S., eventually forming the world's biggest coffee chain.
- "We're going to try, with great humility and respect, to share what we've been doing and what we've learned," Schultz said in a statement.
Tue, Feb. 23, 11:07 AM
- Starbucks (SBUX -1.1%) is taking some social media flak for its major change to the way it awards free drinks.
- Customers who purchase pricey drinks will be largely unaffected, but regulars who rely on a single straight cup of coffee a day come out behind under the new dollar-based rewards system.
- The company had to make the change after some clever gaming of the system by customers who insisted on separate transactions for orders of two to four drinks. The impact on margins may have been slight, but there have been some complaints over speed of service.
- The old SBUX math: A customer could theoretically lower his total cost by over 20% if they bought regular coffee in separate transactions and then binged on high-priced items with the freebies. That benefit wasn't lost on millennials.
- Previously: Starbucks tightens policy on rewards giveaways (Feb. 22 2016)
Mon, Feb. 22, 9:30 AM
- Starbucks (NASDAQ:SBUX) will change its loyalty program to award two stars per dollar spent by customers, instead of handing out the stars based on transaction count.
- Customers at the Gold level will receive a free reward after 125 stars ($62.50), as opposed to the old policy of a free reward for every 12 transactions.
- The quick reaction from analysts is that the margin benefit should easily offset any pushback from customers.
- SBUX +1.13% premarket to $58.32.
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
Other News & PR