Starbucks CorporationNASDAQ
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  • Thu, Oct. 20, 7:05 AM
    • Starbucks (NASDAQ:SBUX) announced it will open a Starbucks Reserve Roastery in Japan during 2018.
    • The Tokyo location will be the company’s fourth global roastery, following openings in Seatte, Shanghai and New York.
    • The company is using well-known architect Kengo Kuma for the 13K square feet project.
    • Source: Press Release
    | Thu, Oct. 20, 7:05 AM | 3 Comments
  • Wed, Oct. 19, 2:50 PM
    • Starbucks (SBUX +0.9%) CEO Howard Schultz met in Shanghai today with local Party Secretary Han Zheng in a display of partnership.
    • Shanghai is the site of the company's first international roastery.
    • Starbucks has a target of 5K stores in China before 2021.
    • Previously: Starbucks to further ramp up Chinese ops, names division CEO (Oct. 19)
    | Wed, Oct. 19, 2:50 PM | 8 Comments
  • Wed, Oct. 19, 5:01 AM
    • Starbucks (NASDAQ:SBUX) plans to more than double the number of stores in China to 5000 over the next five years as it looks to further exploit what has become a key market, where it has 2,300 cafes in over 100 cities.
    • In what may be a symbolic move more than anything else, the coffee chain has also promoted Belinda Wong, the president of its Chinese operations, to become the division's first CEO.
    | Wed, Oct. 19, 5:01 AM | 13 Comments
  • Fri, Oct. 14, 2:54 PM
    • Piper Jaffray is out with the results of its annual Taking Stock With Teens Survey. The top brands listed by the 10K teens included in the survey are posted below.
    • Top clothing brands: Nike (NYSE:NKE) 29%, American Eagle Outfitters (NYSE:AEO) 9%, Forever 21 5%, Ralph Lauren (NYSE:RL) 4%, Urban Outfitters (NASDAQ:URBN) 3%.
    • Top handbag brands: Michael Kors (NYSE:KORS) 34%, Kate Spade (NYSE:KATE) 19%, Coach (NYSE:COH) 10%, Louis Vuitton (OTCPK:LVMHF) 5%, Longchamp Vera Bradley (NASDAQ:VRA) 3%.
    • Top footwear brands: Nike 51%, Vans (NYSE:VFC) 9%, Converse 7%, Adidas (OTCQX:ADDYY) 6%, Steven Madden (NASDAQ:SHOO) 2%.
    • Top restaurant chains: Starbucks (NASDAQ:SBUX) 14%, Chipotle (NYSE:CMG) 11%, Chick-fil-A 10%, Taco Bell (NYSE:YUM) 3%, Panera Bread (NASDAQ:PNRA) 3%, McDonald's (NYSE:MCD) 3%, Olive Garden (NYSE:DRI) 3%.
    • Nothing earth-shattering in the tech results, dominating teen mindspace are Snapchat (Private:CHAT), YouTube, Instagram and Netflix (NASDAQ:NFLX).
    | Fri, Oct. 14, 2:54 PM | 43 Comments
  • Tue, Oct. 4, 9:26 AM
    • Starbucks (NASDAQ:SBUX) says it now has 1,000 LEED-certified stores open globally as it keeps sustainability a top corporate goal. LEED is ratings system set up by the U.S. Green Building Council.
    • The company's LEED footprint makes up 20% of all retail stores with the environmental-friendly designation.
    • The green commitment from the Seattle-based chain doesn't appear to have come at the expense of shareholder returns. SBUX has doubled up the return on the S&P 500 Index over the last five years.
    • Starbucks press release
    | Tue, Oct. 4, 9:26 AM | 14 Comments
  • Thu, Sep. 29, 10:02 AM
    • It's National Coffee Day in the U.S., but it's weather in Brazil and Vietnam that is the focus of the coffee industry.
    • Drought conditions and crop disease concerns have pushed prices higher and created some short-term supply constraints.
    • shows robusta coffee prices are up 18% YTD and mild arabicas prices are 16% higher.
    • Higher commodity prices can hit packaged coffee sellers harder than chains selling fresh coffee, although hedging activity also plays a larger factor in how individual companies shake out.
    • On a consumer level, don't expect any relief at Starbucks on their base coffee prices ($1.85 tall, $2.10 grande, $2.45 venti) anytime soon.
    • ETFs: JO, CAFE.
    | Thu, Sep. 29, 10:02 AM | 21 Comments
  • Wed, Sep. 28, 7:13 AM
    • Starbucks (NASDAQ:SBUX) continues to expand its national initiative to support economic development in urban communities with a new store opening in the Englewood community in Chicago.
    • The company has similar stores in lower-income parts of Ferguson, Phoenix, and Queens, NY. Starbucks says it plans to expand initiative in 2017 to the Baltimore, Birmingham, Long Beach, CA, Miami, and Seattle metro areas.
    • Source: Press Release
    | Wed, Sep. 28, 7:13 AM | 9 Comments
  • Tue, Sep. 20, 7:23 AM
    • Starbucks (NASDAQ:SBUX) is still a top pick at Piper Jaffray for 2016.
    • Analyst Nicole Miller Regan believes Starbucks will generate same-store sales growth of 4.9% and EPS of $0.55 in Q4 (same as consensus).
    • PJ keeps an Overweight rating and $72 price target on the retail chain. Her PT implies upside potential of 36% for SBUX.
    | Tue, Sep. 20, 7:23 AM | 11 Comments
  • Sat, Sep. 17, 9:36 AM
    • A revision to the bylaws at Starbucks (NASDAQ:SBUX) means that a group of shareholders holding a 3% block of shares for at least three years can now nominate board members.
    • Starbucks has 13 members on its board, including Chairman Howard Schultz.
    • SEC Form 8-K
    | Sat, Sep. 17, 9:36 AM | 15 Comments
  • Thu, Sep. 15, 5:01 AM
    • The American Beverage Association is suing to block Philadelphia's soft drinks tax, marking the latest clash between the soda industry and public officials seeking to boost revenue and combat health risks.
    • In June, Philly became the largest U.S. city to approve a volume-based tax of 1.5%-per-ounce on sugar sweetened beverages.
    • Voters in San Francisco and at least three other places will vote in November on whether to impose similar levies.
    • Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
    | Thu, Sep. 15, 5:01 AM | 66 Comments
  • Wed, Sep. 14, 11:22 AM
    • Data from NPD Group indicates that 11% of millennials use craft coffee brewing to satisfy their daily coffee cravings.
    • It's a trend to watch with younger consumers representing 44% of at-home craft coffee brewers of which a third live in urban areas.
    • It's not clear if the increase in at-home craft coffee consumption is peeling away meaningful packaged coffee sales or store traffic to chains, but there could be a reputational risk to national brands on quality in the future.
    • ETFs: JO, CAFE.
    | Wed, Sep. 14, 11:22 AM | 18 Comments
  • Mon, Sep. 12, 6:38 AM
    • Starbucks (NASDAQ:SBUX) plans to increase its global tea business to $3B over the next five years as it starts selling its Teavana line in more than 6,200 stores across the Asia Pacific region following its entry in China last week.
    • American consumers seeking out healthier food and drink options propelled its tea business to grow 12% last year, with sales of best-seller iced tea climbing 29%.
    | Mon, Sep. 12, 6:38 AM | 7 Comments
  • Fri, Sep. 9, 11:17 AM
    • Macy's (M -0.1%) is considering expanding its partnership with Starbucks (SBUX -0.8%).
    • Speaking at the Goldman Sachs Global Annual Retail Conference, CEO-in-waiting Jeff Gennette said the company is interested in "scaling" its business with Starbucks. He also didn't dismiss the idea of opening restaurants in stores as a way to attract traffic.
    • There are currently Starbucks setups at 49 Macy's stores.
    • Webcast of Macy's conference presentation
    | Fri, Sep. 9, 11:17 AM | 17 Comments
  • Wed, Sep. 7, 10:39 AM
    • Starbucks (SBUX +0.7%) CEO Howard Schultz endorsed Hillary Clinton for president in an interview with CNN.
    • It's no surprise that the lifelong Democrat is voting blue again, but what could be relevant for investors was his coy answer when asked if he might run for office someday.
    • "I'm still a young man," Schultz noted.
    • Earlier this summer, Starbucks did some management shuffling which seemed to be indicative of succession planning, although Schultz's exit is still presumed to be years away.
    • Previously: Starbucks CEO to focus on long-term strategy (July 26)
    | Wed, Sep. 7, 10:39 AM | 5 Comments
  • Tue, Sep. 6, 2:29 PM
    • Starbucks (SBUX -0.2%) says it will start serving Stevia at 9,000 stores in a new partnership with sweetener supplier Whole Earth Sweetener. The chain plans to make Nature Sweet packets available to consumers. The sweetener is a mixture of plant-based Stevia and monk fruit.
    • Stevia is seen by some advocates as a healthier alternative than mainstream sweeteners Splenda and Equal.
    • Shares of Starbucks have bounced around in a narrow range between $55 and $57 for most of the last six weeks.
    | Tue, Sep. 6, 2:29 PM | 22 Comments
  • Wed, Aug. 31, 10:49 AM
    • Shares of Starbucks (NASDAQ:SBUX) are just moderately lower and McDonald's (NYSE:MCD) is actually higher since the European Union ruled that the Irish government granted illegal state aid to Apple by lowering its tax bill over a long period of time.
    • The two consumer companies are at risk in theory due to their tax arrangements in Europe, although most analysts see the tax drama playing out over a long period of time with Apple's legal whizzes prepping to fight the EU full force.
    • Apple CEO Tim Cook's open letter to customers and shareholders on the EU issue is probably fully supported at Starbucks and McDonald's.
    • Previously: Apple received $14.5B in illegal Irish tax benefits (Aug. 30)
    | Wed, Aug. 31, 10:49 AM | 4 Comments