Tue, May 31, 7:10 AM
- Starbucks Corporation (NASDAQ:SBUX) announces a new line-up of cold beverages that will become the foundation for a new “cold bar” of coffee and espresso products.
- The new cold coffee menu items affirm the company’s ongoing investment in the category of iced beverages coming off the launch of Cold Brew last year in all company-owned U.S. stores.
- “The opportunity to create an entirely new cold coffee experience is limitless and our customers are already telling us that they want to meet us on this journey as cold coffee is now becoming a go-to drink.”
- According to industry experts*, U.S. iced coffee consumption has grown by 75% in the past decade and Cold Brew sales grew 338.9% between 2010 and 2015.
- Source: Press Release
Thu, May 26, 7:30 AM
- Starbucks (NASDAQ:SBUX) plans to open its first roastery outside of the U.S. with an opening in Shanghai next year.
- The company has seen strong results in China even as the local economy has seen some disruption (Q1 revenue +18 Y/Y). During Starbucks last earnings call, CEO Howard Schultz noted that the future is very bright in China with the middle-class population expected to top 600M by 2021 with per capital income on the rise.
- Starbucks earnings call transcript
Wed, May 25, 9:48 AM
- ITG Research issues a new forecast on Starbucks (SBUX -0.9%).
- The firm now sees Q3 Americas company-owned revenue of $3.31B vs. $3.34B consensus and comparable-store sales growth of 5.8% vs. 6.3% consensus.
- Channel checks from ITG indicated some Starbucks traffic deceleration during the quarter before a rebound in mid-May.
Mon, May 2, 1:45 PM
- A breakdown by Thomson Reuters on how anger from consumers against Starbucks (SBUX +1.4%) over its reward program changes has shifted could be a positive sign that the margin-boosting initiative will pay off.
- The 10-day and 30-day moving averages of the Thomson Reuters MarketPsych Indices are now both in retreat. The 10-day average of customer dissatisfaction now sits below the 30-day average.
- Starbucks share price vs. consumer anger
Fri, Apr. 29, 12:06 PM
- Starbucks (SBUX -0.9%) tips plans to open 150 stores in South Africa after the debut of the chain went well in Johannesburg.
- "I've never seen a line like this after a week of our opening," exclaimed CEO Howard Schultz.
- The company operates in South Africa under a license with Taste Holdings.
- Now read King Dollar Still A Factor: Starbucks Earnings
Fri, Apr. 29, 7:16 AM
- Starbucks (NASDAQ:SBUX) announces it opened a store in Ferguson, Missouri as it begins to follow through on a commitment to open at least 15 stores in low- to medium-income communities by 2018.
- The company, which has sometimes been criticized for interjecting itself into national debates on social issues, worked closely with the Urban League of Metropolitan St. Louis on the initiative.
Fri, Apr. 22, 10:54 AM
- Starbucks (SBUX -5.6%) CEO Howard Schultz made it clear during the post-earnings conference call that the company's rewards program is still vibrant even with the new dollar-based system in play.
- One million members were added during FQ2 to put the number of active My Starbucks Rewards members over 12M. Schultz noted that even last week after the loyalty change became effective, another 280K Reward members signed on.
- During the call, CFO Scott Maw was asked about the impact of the rewards switch on financial results. Maw responded that there was no upfront tech investment and that the new program will be profitable immediately and build over time.
- Starbucks earnings call transcript
- Now read Starbucks Earnings: Don't Miss The Forest For The Trees
Thu, Apr. 21, 5:39 PM
Thu, Apr. 21, 4:37 PM
Thu, Apr. 21, 4:20 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 6% in FQ2, a deceleration from the 8% comp recorded in FQ1.
- Traffic was 2% higher at Starbucks stores during the quarter, while the average ticket was up 4%.
- Comp growth by region: Americas and U.S. +7%; EMEA +1%; China/Asia Pacific +3%.
- Starbucks likely shed some doubters on its performance in China with an 18% jump in revenue. Europe was more challenging with a higher mix of licensed store and painful F/X conversion tugging at sales.
- The company's operating margin jumped 60 bps to 17.6% as some costs were leveraged lower off of higher sales levels.
- Starbucks expects to open 1,800 store on a net basis this fiscal year.
- FY16 EPS guidance is set by the coffee giant at $1.88 to $1.89 vs. $1.89 consensus. FQ3 EPS of $0.48 to $0.49 expected vs. $0.49 consensus.
- SBUX -4.52% AH to $57.91.
Thu, Apr. 21, 4:07 PM
Thu, Apr. 21, 2:46 PM
- Starbucks (SBUX -0.2%) announces it opened its first store in South Africa.
- The store in Johannesburg also includes Starbucks Reserve coffees.
- The company is due to release earnings after the bell.
- Analysts expect Starbucks to report sales of $5.03B and EPS of $0.39, although the forecast on global same-store sales growth and management's commentary on the impact of its loyalty program changes could sway trading.
- Now read Starbucks: A Post-Earnings Reminder
Wed, Apr. 20, 5:35 PM
Tue, Apr. 19, 2:32 PM
- Same-store sales at chain restaurants fell 0.7% Y/Y in March, according to data from Black Box Intelligence. The weak month contributed to Q1 same-store sales growth of only 0.4% vs. +1.2% in Q4 of 2015.
- Restaurant traffic was down 2.7% during March.
- Black Box thinks there is a correlation between a higher rate of employee turnover in the sector and lower traffic due to service frustrations.
- 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.
- Related ETF: BITE.
Tue, Apr. 19, 11:41 AM
- Baird expects strong numbers out of Starbucks (SBUX +0.5%) when it reports FQ2 results next week.
- Analyst David Tarantino forecasts the chain to disclose a +7% U.S. comp and in-line EPS. The long-term view on Starbucks is also favorable with the long list of growth drivers (digital/operations enhancements/menu innovation/new channels) still firmly in place.
- Tarantino ranks #1,357 out of 8,903 analysts on TipRanks.
- Now read Starbucks Will Recover From Its Current Problems
Wed, Apr. 13, 7:59 AM
- CLSA upgrades Dunkin' Brands (NASDAQ:DNKN) to an Outperform.
- The ratings lift arrives the same week that major Dunkin' rival Starbucks (NASDAQ:SBUX) shifted to a loyalty program based on dollars instead of transactions.
- Some analysts have suggested this week that Starbucks could see a negative short-term traffic impact from the loyalty program revision.
- A breakdown of the loyalty math shows that Dunkin' Donuts customers receive a free item after spending $40, while Starbucks customers now have to spend $62.50 to earn a freebie. Other promotions and incentives from both chains can speed up the reward timing.
- Now read (Starbucks and Dunkin' investors) The Dip In Coffee Prices Is A Great Opportunity
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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