Starbucks Corporation

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  • Dec. 16, 2015, 8:58 AM
    • Starbucks UK (NASDAQ:SBUX) reports comparable-store sales rose 3.8% for the fiscal year ending in September.
    • The business unit saw profit soar to £34.2M ($51.4M), while the amount of taxes paid actually fell year-over-year to £8.1M ($12.18M).
    • Starbucks is under scrutiny in Europe for its tax arrangements.
    | Dec. 16, 2015, 8:58 AM | 2 Comments
  • Dec. 14, 2015, 4:09 PM
    • Starbucks (NASDAQ:SBUX) is out with more information about its pilot delivery program in the Seattle area.
    • The delivery service will be available in the Seattle region for deliveries in the downtown region from 6:00 a.m. to 7:00 p.m. before expanding out to other regions.
    • Food and beverage items are both available for delivery.
    • Starbucks is partnering with Postmates on the initiative.
    | Dec. 14, 2015, 4:09 PM | 9 Comments
  • Dec. 3, 2015, 2:27 PM
    | Dec. 3, 2015, 2:27 PM | 13 Comments
  • Dec. 2, 2015, 1:21 PM
    • Starbucks (SBUX +0.4%) will test a delivery service in parts of the Seattle area through its partnership with Postmates.
    • The service will be offered through the Starbucks Mobile Order & Pay app feature.
    • Starbucks customers will be able to track deliveries from Postmates in real time through the app.
    • The company hasn't stated yet if a broader roll-out of the program will occur.
    | Dec. 2, 2015, 1:21 PM | 32 Comments
  • Dec. 1, 2015, 3:34 PM
    • Starbucks (SBUX) recalled turkey panini sandwiches at 1,347 stores in three states last week due to potential E. coli contamination.
    • The sandwiches may have contained tainted celery which has also been tied to recalls at Costco and Taylor Farms Pacific.
    | Dec. 1, 2015, 3:34 PM | 10 Comments
  • Nov. 30, 2015, 1:36 PM
    • Starbucks (NASDAQ:SBUX) is down 1.1% right along with the rest of broad retail.
    • The company now faces a little bit of a tougher FQ1 same-store sales comparison with foot traffic reported to be lower this year at malls and retail centers during the extended Black Friday weekend.
    • Starbucks is coming off two quarters of strong comps in the U.S., but some analysts warn it could face the same difficulty that Chipotle had off building off of impressive two-year and three-years stacks off accelerating sales at established stores.
    • Previously: Cyber Monday sell-off hits mall and big box names, outliers include BBY and TCS (Nov. 30 2015)
    | Nov. 30, 2015, 1:36 PM | 21 Comments
  • Nov. 25, 2015, 9:26 AM
    • The average price for a gallon of gas in the U.S. has now dropped to $2.06 per gallon - a mark that is 27% lower than where gas prices stood heading into the holiday period last year. Despite the extra dollars in the wallets of consumers, most forecasts for holiday retail sales are on the modest side (below 4%).
    • The extended period of sub-$3 gas prices in the U.S. hasn't exactly lit consumer spending across broad retail on fire (just ask Wal-Mart) - although it has stoked auto sales for the Detroit Three (GM, F, FCAU). The regional casino sector (ISLE, PENN, BYD, ERI, MTN, MCRI) and cruise line stocks (NCLH, RCL) have also benefited more than major chain stores. Some have suggested that lower gas prices are also an understated driver for Starbucks (NASDAQ:SBUX) and Netflix (NASDAQ:NFLX) which both score high on customer stickiness.
    • What next? Seeking Alpha's Stock Pitch Contest on retail is still open until November 30 amid the reset on consumer spending expectations. Current long ideas include PLAY, FRAN, CASY, SKX, WMT, PSUN, HGG, PRTY, TJX, TA, VSTO - while short bets on WMAR, TIF, RT, AMZN, UA, LB, and OUTR are on record.
    | Nov. 25, 2015, 9:26 AM | 49 Comments
  • Nov. 18, 2015, 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
    | Nov. 18, 2015, 9:03 AM | 9 Comments
  • Nov. 9, 2015, 1:15 PM
    | Nov. 9, 2015, 1:15 PM | 23 Comments
  • Nov. 9, 2015, 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.
    | Nov. 9, 2015, 11:41 AM | 39 Comments
  • Oct. 29, 2015, 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
    | Oct. 29, 2015, 4:15 PM | 19 Comments
  • Oct. 29, 2015, 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%.
    | Oct. 29, 2015, 4:06 PM | 16 Comments
  • Oct. 28, 2015, 5:35 PM
  • Oct. 21, 2015, 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)
    | Oct. 21, 2015, 7:03 AM | 7 Comments
  • Oct. 21, 2015, 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)
    | Oct. 21, 2015, 6:26 AM | 70 Comments
  • Oct. 19, 2015, 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.
    | Oct. 19, 2015, 1:56 PM | 20 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