Starbucks Corporation (SBUX) - NASDAQ
  • Thu, Jul. 7, 11:40 AM
    • Prices on some Starbucks (SBUX -0.2%) drinks will go up by as much as $0.30 next week. The price increases were inadvertently posted early for some customers due to a technology glitch.
    • The company has a steady track record of pushing through a round of summertime price increases.
    • Wholesale coffee prices have trended higher recently, while dairy costs are lower.
    | Thu, Jul. 7, 11:40 AM | 25 Comments
  • Tue, Jul. 5, 12:15 PM
    • Starbucks (SBUX -0.6%) began to sell Teavana iced tea products across some stores in Europe, the Middle East, and Africa today.
    • The company acquired Teavana in 2012 and has touted the tea brand as one its global growth vehicles.
    | Tue, Jul. 5, 12:15 PM | 10 Comments
  • Fri, Jul. 1, 9:42 AM
    • Starbucks (SBUX +0.1%) is accused of "extreme" cutbacks in employee work hours in an online petition that has been signed by more than 9K people.
    • Comments on the petition paint a picture of broad discontent at the company known for offering better wages and benefits than other chains, including healthcare coverage, retirement account contributions and paid vacation days.
    • SBUX says there has been no nationwide cutback in labor hours or jobs at the coffee chain's stores.
    | Fri, Jul. 1, 9:42 AM | 51 Comments
  • Wed, Jun. 29, 3:38 PM
    • Beginning this week, Amazon (NASDAQ:AMZN) quietly began offering for sale whole-bean and ground coffee under its new Happy Belly label - putting it in competition with the likes of Starbucks (NASDAQ:SBUX).
    • Also rolled out is Mama Bear baby food in two flavors.
    • The WSJ one month ago reported Amazon as planning four brands of private-label foods, diapers, and cleaning supplies to be sold exclusively to Amazon Prime members.
    • For the moment, Amazon is not necessarily positioning these items as the low-cost offering. Bags of Happy Belly cost $9.99 each - about $2 more than Starbucks' breakfast blend, but $3 less than Starbucks' French roast.
    • In-house brands like these potentially carry higher profit margins, partly thanks to savings on brand development and marketing. Amazon may also be able to design the packaging to reduce shipping costs.
    | Wed, Jun. 29, 3:38 PM | 58 Comments
  • Mon, Jun. 27, 8:47 AM
    • Starbucks (NASDAQ:SBUX) says it will sell single-origin, premium coffee from India in the U.S. for the first time while expanding its roasting capacity in the country.
    • SBUX says it will begin selling Indian coffee at its Reserve Roastery and Tasting Room in Seattle in a bid to expose U.S. customers to beans grown in the country’s Coorg coffee-growing region.
    • It is one of a series of agreements that extends the partnership between SBUX and Tata Sons Ltd., including a plan to expand SBUX's roasting capacity for its Indian stores, distribution of Tata's Himalayan Mineral Water in SBUX's China and Asia Pacific locations, and a deal to offer SBUX coffee on Vistara flights.
    • India has become SBUX's fastest-growing market, expanding to 84 locations across six cities there, with long-term plans to make the country one of its five largest markets.
    • SBUX -0.9% premarket.
    | Mon, Jun. 27, 8:47 AM | 5 Comments
  • Thu, Jun. 23, 2:48 AM
    • San Francisco will have a second chance to vote on whether to tax sugar-sweetened beverages after city officials added the measure to a November ballot that could expand the hotly-debated levy deeper into the Bay Area.
    • The penny-per-ounce tax proposal follows the city's legal victory last month against the soda industry, which tried to halt its effort to introduce warnings on advertisements for drinks with added sugar.
    • Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
    | Thu, Jun. 23, 2:48 AM | 122 Comments
  • Wed, Jun. 22, 7:23 AM
  • Wed, Jun. 22, 2:25 AM
    • A federal judge in California has allowed a lawsuit accusing Starbucks (NASDAQ:SBUX) of deliberately underfilling lattes about 25% less than their advertised sizes.
    • It's not the first time the company has been sued over its drinks. A separate class-action in April accused the coffee giant of putting too much ice in cold beverages, leaving consumers with just over half the amount they paid for.
    • Starbucks called both lawsuits "without merit."
    | Wed, Jun. 22, 2:25 AM | 30 Comments
  • Fri, Jun. 17, 3:07 PM
    • Susquehanna issued a detailed report on IRI scanner data trends in the food and beverage industry.
    • The investment firm noted that soda drink volume fell 2.8% Y/Y for the 12-week period ending on June 5. PepsiCo (NYSE:PEP) volume was down 5%, compared to 1.3% decline for Coca-Cola KO and 1.9% fall-off for Dr. Pepper Snapple (NYSE:DPS).
    • K-cup revenue was up 8% for the 12 weeks as J.M. Smucker (NYSE:SJM). Starbucks (NASDAQ:SBUX), and Dunkin' Brands (NASDAQ:DNKN) all showed strong volume amid ongoing pricing pressure. K-cup sales decelerated for Kraft Heinz (NASDAQ:KHC) and could turn negative if pricing pressure sustains.
    • In the yogurt category, scanner data over four weeks confirmed that General Mills (NYSE:GIS) is losing market share to Chobani and Danone (OTCQX:DANOY). Susquehanna tips that Chobani may be prepping for a sale.
    • General Mills beat out Kellogg (NYSE:K) in the cereal category as its 12-week sales growth of +2.3% easily topped Kellogg's 2.2% decline.
    • Pricing with beer is helping to make up for continued volume pressure. Across the sector, pricing was recorded as 2.5% higher for the 12 weeks of data.
    • Beer volume: Anheuser-Busch InBev (NYSE:BUD) -1.8%, MillerCoors (OTCPK:SBMRY, TAP) -2.7%, Boston Beer (NYSE:SAM) -2.1%.
    • Susquehann'a Pablo Zuniac put together the deep dive into the scanned data.
    • Within the F&B sector, he has BUD, THS, WWAV, TAP, and KHC rated at Positive.
    | Fri, Jun. 17, 3:07 PM | 10 Comments
  • Thu, Jun. 16, 3:16 AM
    • Philadelphia is set to become the first major American city with a soda tax despite a multimillion-dollar campaign by the beverage industry to block it.
    • The City Council is expected to give final approval today to a 1.5 cent-per-ounce tax on diet and regular soda, iced tea, energy drinks, juice drinks with less than 50% juice, and other sugary beverages.
    • That would add $1.01 to the cost of a 2-liter soda, $0.21 to a 13.7-ounce Starbucks Frappuccino bottle and $2.16 to a 12-pack of soda.
    • Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL
    | Thu, Jun. 16, 3:16 AM | 104 Comments
  • Wed, Jun. 15, 10:45 AM
    | Wed, Jun. 15, 10:45 AM | 22 Comments
  • Wed, Jun. 15, 2:26 AM
    • Twenty-five years after classifying coffee as a possible carcinogen leading to bladder cancer, the World Health Organization has reversed course, and is expected to say today that coffee isn't classifiable as a carcinogen.
    • WHO is also likely to state coffee has no carcinogenic effects related to other cancers and has even been seen to reduce the risk of liver and uterine cancers.
    • ETFs: JO, CAFE
    | Wed, Jun. 15, 2:26 AM | 33 Comments
  • Mon, Jun. 13, 3:13 PM
    • RBC Capital Markets estimates that Starbucks (SBUX +0.6%) is tracking for a 6% increase in same-store sales in FQ3. The comp forecast looks pretty attractive, even if it's a deceleration from some recent quarters, after  Black Box Intelligence reported that U.S. restaurant same-store sales growth was negative in both April and May.
    • On a broad view, RBC thinks investments in technology are helping Starbucks to steer clear of some of the risks in the restaurant sector. The Mobile Order & Pay initiative in particular is a sales driver.
    • The investment firm's price target of $68 on SBUX implies 23% upside potential for shares.
    | Mon, Jun. 13, 3:13 PM | 14 Comments
  • Mon, Jun. 13, 12:30 PM
  • Wed, Jun. 8, 10:35 AM
    • BrandZ keeps a pulse on the value of brands with consumers. Does it matter? An index of companies in the BrandZ Strong Brands Portfolio outperformed the S&P 500 by 5X over the last nine years.
    • The list of top risers in brand value this year includes Amazon (NASDAQ:AMZN), Starbucks (NASDAQ:SBUX), (NASDAQ:JD), Home Depot (NYSE:HD), Lowe's' (NYSE:LOW), Costco (NASDAQ:COST), Burger King (NYSE:QSR), MasterCard (NYSE:MA), and Chanel (private).
    • Electrek notes that Tesla Motors (NASDAQ:TSLA) bumped Volkswagen out of the top ten in the ranking of automobile brands. Toyota (NYSE:TM), BMW (OTCPK:BAMXY), and Mercedes-Benz (OTCPK:DDAIF) hold down the top three spots.
    | Wed, Jun. 8, 10:35 AM | 31 Comments
  • Fri, Jun. 3, 9:56 AM
    • Susquehanna sizes up the Ready-to-Drink tea market after Starbucks (NASDAQ:SBUX) partners up with Anheuser-Busch InBev (NYSE:BUD) to grow the Teavana and Tazo brands.
    • On a broad scale, the U.S. RTD market was $5.1B last year and showed 3% growth.
    • The main players are Unilever (UN, UL) via Lipton, Arizona Beverage (private), Coca-Cola (NYSE:KO) via Gold Peak, and Dr. Pepper Snapple (NYSE:DPS) via Snapple which as a group account for 70% of sales. Teavana and Tazo have almost no market share with most sales currently coming from Starbucks stores.
    • The SBUX-BUD partnership will see Anheuser-Busch InBev produce the tea products at its U.S. breweries and distribute them to about 300K convenience stores and grocery chains in the U.S.
    • Analyst Pablo Zuanic provided Seeking Alpha the data.
    • Previously: Starbucks finds a tea partner in Anheuser-Busch InBev (June 2)
    | Fri, Jun. 3, 9:56 AM | 9 Comments
Company Description
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
Sector: Services
Industry: Specialty Eateries
Country: United States