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Sep. 17, 2015, 10:28 AM
- Starbucks (SBUX) showed sizzling single-serve sales growth over the four weeks ending on September 5, according to a new Nielsen data read digested by UBS.
- Single-serve sales were up 41% for Starbucks on 53% unit growth.
- The company grew K-cup market share by 40 bps Y/Y to 16.7% over the period.
- McDonald's (MCD -0.6%) and Dunkin Brands (DNKN) also took K-cup market share, while Keurig Green Mountain (GMCR -2.2%) gave some back.
- Overall, K-cup sales in the U.S. have been growing at a double-digit rate even with some deceleration from last year's pace.
Sep. 16, 2015, 7:31 AM
- Moody's upgrades credit ratings on Starbucks (NASDAQ:SBUX) on a favorable view of the company's cash flow position.
- The ratings agency moves Starbucks's senior unsecured ratings to A2 from A3, short-term commercial paper rating to Prime-1 from Prime-2, and senior unsecured shelf to (NYSE:P)A2 from (P)A3.
- "Starbucks measured growth strategy, product pipeline, digital initiatives and balanced financial policy will continue to drive operating earnings," reads a summary from Moody's.
Sep. 10, 2015, 3:41 PM
- Starbucks (NASDAQ:SBUX) presented today at the Goldman Sachs Retailing Conference.
- The early read from execs is that the economic and market turmoil in China hasn't disrupted the company's transaction volume in the region.
- On the operational side, more stores are seeing a second oven added to process more heated items.
- Food in general accounts for 20% of total sales vs. a mid-teens percentage a few years ago. Starbucks thinks the total could hit 25% in a few years without taking away from beverage sales.
- Mobile Order and Pay was also a big topic. All stores will have the feature by the end of the month and an Android app is close. Next year, the app will add suggestions for orders based on consumer data.
- Conference webcast
Sep. 4, 2015, 7:28 AM
- The restaurant industry posted same-store sales growth of 1.7% in August, according to data from Black Box Intelligence.
- Average traffic fell 1.1% during the month, while the per person average check amount rose 2.7%.
- YTD restaurant same-store sales are up 2.2%.
- 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
Aug. 28, 2015, 11:10 AM
- There's plenty of precedent for the recent market action, says Morgan Stanley's Adam Parker, noting the market has dropped more than 5% 16 times since March 2009, and each time has moved on to new highs.
- His half-glass view is that the economy is in the middle of its longest expansion ever, and a less-active Fed, a nervous consumer maybe saving more, a lower oil price, and a flattish dollar all argue for continued expansion.
- Morgan's top ideas to buy on the pullback: AGN, AMZN, AAPL, AVGO, BAC, BKU, DAL, GILD, GOOG, GOOGL, HLT, JPM, KR, LEN, LMCK, MGA, MBLY, NWL, QCOM, SABR, CRM, SBAC, SBUX, BX, TMO, VRSK, WWAV, XL.
Aug. 25, 2015, 5:35 PM
- investors should stick with "market darlings" - the 25 stocks that had performed the best during the six months before a market pullback - according to the analyst team at RBC.
- The firm notes that although many recent winners are leading the market lower, the extent of the underperformance is just 1%; it also says investing in the group following sharp market pullbacks is a winning strategy over the ensuing week, month and six months.
- RBC's 25 market darlings are AET, ALTR, AMZN, AIZ, CVC, CI, CAG, EA, EQIX, EXPE, GME, GOOGL, HAS, HCA, MNST, NFLX, NKE, PRGO, REGN, SBUX, TSO, TWC, TSS, UA, UHS
Aug. 25, 2015, 11:29 AM
- South Korean firm E-Land plans to open more than 700 Coffee Bean & Tea Leaf stores in China, according to Nation's Restaurant News.
- The expansion will place it in closer competition with Starbucks (NASDAQ:SBUX) in the region. Earlier this year, Starbucks said it planned to have 3.4K stores open in China within five years.
- The first Coffee & Bean outlet in China is scheduled to open in Q4.
Aug. 24, 2015, 3:45 PM
- Starbucks (SBUX -5.0%) trades lower on a huge volume day as the impact of slower growth expectations in China is digested by investors.
- The coffee chain juggernaut is now over 15% lower than its 52-week high and fell further on the day than both Yum Brands and McDonald's which also have exposure in China.
- In an e-mail leaked to Forbes, Starbucks CEO Howard Schultz is revealed to have told employees to be extra sensitive to customers due to the financial markets and political instability.
Aug. 19, 2015, 11:06 AM| Aug. 19, 2015, 11:06 AM | 8 Comments
Aug. 17, 2015, 10:46 AM
- Starbucks (SBUX +0.4%) will begin selling beer and wine at over 24 new stores in the U.S. this week as it accelerates its push into alcohol.
- The company also has liquor licenses pending in hundreds of other locations.
- The confidence from the Seattle HQ over the beer and wine initiative is based off of positive consumer response at pilot stores.
- The roll-out of alcohol at more Starbucks stores is no help to big brewers such as Anheuser-Busch InBev because the wine and beer selections will be of the local and craft varieties.
- Starbucks Evenings store and menu information
Aug. 12, 2015, 10:01 AM
- Yum Brands (YUM -4.3%) slides to a 4-month low as concerns over sales in China mount amid a weaker local currency and broader macroeconomic question marks.
- Shares of the restaurant company are down almost 9% from last week's high.
- Starbucks (SBUX -1.6%) and McDonald's (MCD -0.9%) face the same foreign currency translation issue as Yum, but not nearly at the same scale.
Aug. 6, 2015, 3:37 PM
Aug. 6, 2015, 2:27 PM
- Starbucks (SBUX -2.7%) CEO Howard Schulz put to rest speculation he might consider launching a bid for the Democratic Presidential nomination in a New York Times Op-Ed piece.
- "I'm not done serving at Starbucks," wrote the coffee exec.
- Schultz has been running Starbucks since 1987.
- A run for the Oval Office by Schultz has been suggested in various circles over the last week with front runner Hillary Clinton's favorable ratings stumbling.
Jul. 31, 2015, 10:07 AM
- Starbucks (SBUX -0.2%) and Danone (OTCQX:DANOY) have strengthened their partnership through a new premium grocery yogurt product.
- Evolution Fresh Greek Yogurt launched in U.S. stores this month.
- The product comes in a single-serve 5.3 ounce cup with 11 grams of protein and 120 calories.
- The suggested retail pricing for Evolution Fresh Greek Yogurt is on the higher end at $1.69 per cup.
- Starbucks bought Evolution Fresh for $30M in 2011.
Jul. 24, 2015, 6:23 PM
- Starbucks (NASDAQ:SBUX) jumped to a 52-week high before settling for a 1.3% gain today after the company reported stronger than expected FQ3 results and several analysts reacted by raising their price targets on the stock.
- BofA Merrill's Joseph Buckley reiterated his Buy rating and upped his price target to $68 from $58, saying SBUX's 4% U.S. traffic increase exceeded his estimate of 1%-2% and reassured investors who had been worried about the U.S. transaction count and store cannibalization.
- Jefferies analyst Andy Barish hiked his price target to $65 from $57, noting that all segments generated same-store sales, revenue and margin increases; he thinks new strategic partnerships should enable SBUX to report solid same-store sales and growth going forward.
- BMO's Andrew Strelzik raised his price target to $62 from $56, noting that several SBUX initiatives, including its enhanced food offerings and its mobile order and pay projects, are beginning to bear fruit.
Jul. 24, 2015, 8:22 AM
- Execs with Starbucks (NASDAQ:SBUX) highlighted the strong early returns for the company's Mobile Order & Pay program during yesterday's earnings call.
- CEO Howard Schultz said faster lines are leading to an increase in traffic and throughout (efficiency) at test stores.
- Mobile Order & Pay is being rolled out more broadly and in international markets in the coming months.
- Schultz also said Starbucks is convinced there is "huge" demand for home and office delivery service. Tests in Seattle and NYC begin later this year.
- Schultz strayed a little bit to talk about one of his favorite topics - the slow demise of brick and mortar retail. In referring to the transition of Starbucks into mobile commerce he said, "we've identified a number of companies in unique verticals that we think sequentially can be part of this external ecosystem." He noted regional and national retailers have called to inquire about the Starbucks mobile ecosystem and currency (rewards). Those potential partnerships could rock retail.
- Also of note, Starbucks disclosed 11% comp growth in China consisting of a 10% jump in transactions.
- Investment firm updates: Wedbush PT to $70, BAML PT to $68, RBC Capital PT to $64.
- SBUX +4.31% premarket to $59.00.
- Starbucks earnings call
- Previously: Starbucks powered by strong traffic; new buyback, and PepsiCo deal on tap (Jul. 23 2015)
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.
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