Thu, Oct. 29, 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
Thu, Oct. 29, 4:06 PM
Wed, Oct. 28, 5:35 PM
- ARAY, ARI, ATEN, ATR, AUY, AXTI, AZPN, BCOR, BCOV, BGG, BIDU, BMRN, BVN, BXP, CALX, CATM, CENX, CLW, COLM, CPSI, CPT, CRAY, CTRL, CXP, DCT, DECK, DGI, DGII, DLR, EA, ECOL, EHTH, EMN, EPAY, ESS, EXPE, EXTR, EYES, FE, FLDM, FLR, FLS, FRGI, FSLR, FWM, GB, GNW, HWAY, IM, IMMR, IMPV, ISBC, IXYS, KAMN, KRG, LC, LEG, LNKD, LSCC, MEP, MOBL, MOD, MOH, MTSN, MXWL, NANO, NBIX, NR, NSR, NUS, OIS, OMCL, ON, OSIS, OUTR, PCCC, PDFS, PRMW, PSMT, QTM, RGA, RKUS, RSG, SAAS, SAM, SBUX, SCTY, SEM, SGEN, SHO, TMST, TNAV, TNDM, TRMB, TSRO, TSYS, TUES, VR, WRI, WU, WWWW, YRCW
Thu, Jul. 23, 4:25 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 7% in FQ3vs. 6.2% expected and 7% last quarter.
- Transactions were up 4% and the average price paid per order was 3% higher.
- Comp growth by region: Americas and U.S. +8%; EMEA +3%; China/Asia Pacific +11%. All three regions showed positive traffic.
- Cost of sales +14.2% to $1.9359B as lower coffee costs helped.
- CPG/foodservice revenue +7.9% to $491M.
- The company's operating margin improved 70 bps Y/Y to 19.2%. Non-GAAP operating margin +100 bps to 19.5%.
- The company added 413 net new stores during the quarter to reach 22,519 global stores.
- FY15 guidance is reaffirmed at revenue growth of 16%-18%.
- FY15 EPS of $1.57-$1.58 expected vs. $1.57 consensus (split-adjusted).
- Starbucks announces a share repurchase authorization for an additional 50M shares. The company still has an allowance of 11M shares on an old buyback plan.
- Previously: Starbucks and PepsiCo to partner in Latin America (Jul. 23 2015)
- Previously: Starbucks beats by $0.01, beats on revenue (Jul. 23 2015)
- SBUX +2.44% AH to $57.96.
Thu, Jul. 23, 4:15 PM
Wed, Jul. 22, 5:35 PM
- ABAX, ACTG, ALGN, ALTR, AMZN, ATHN, BCR, BJRI, BLDR, BYD, CA, CB, CBI, CHE, CLGX, CLS, COF, CPHD, CTCT, CYN, DGII, ETFC, FET, FII, FLEX, FSL, GHL, GIMO, HBHC, HWAY, IG, JNPR, LOGM, LSTR, MITK, MKTO, MSCC, MXIM, N, NANO, NTGR, P, PEB, PFG, PFPT, PMCS, QLIK, RGA, RHI, RSG, RT, SBUX, SIVB, SPNC, SRCL, STAG, SWKS, SYK, T, TRIP, TRN, UIS, V, VRSN, WIRE, WRE
Thu, Apr. 23, 4:16 PM
Thu, Apr. 23, 4:13 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 7% in FQ2 vs. 5.1% expected and 4.9% last quarter.
- Transactions were up 3% and the average price per order was 4% higher.
- Comp growth by region: Americas and U.S. +5%; EMEA +2%; China/Asia Pacific +12%. All three regions showed positive traffic.
- The company's operating margin improved 40 bps Y/Y to 17.0%.
- My Starbucks Rewards member adds +1.3M members to 10.3M members total.
- The company added 210 net new stores during the quarter.
- FY15 guidance is reaffirmed at revenue growth of 16%-18% and a mid single-digit comp.
- FY15 EPS of $1.77-$1.79 expected vs. $1.57 consensus (split-adjusted).
- SBUX +4.17% AH to $51.50.
Thu, Jan. 22, 4:14 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 5% in FQ1 vs. 4.9% expected and 5.0% last quarter and in the year-ago period.
- Traffic was 2% higher during the quarter.
- Comp growth by region: Americas and U.S. +5%; EMEA +4%; China/Asia Pacific +8%.
- Operating margin improved -130 bps Q/Q and -10 bps Y/Y to 19.1%. The decline was due in a large part to a shift in ownership in Japan.
- My Starbucks Rewards member adds +10% to over 9M members.
- The company added 512 net new stores during the quarter.
- FY15 EPS guidance is reaffirmed at revenue growth of 16%-18% and a mid single-digit comp.
- FY15 EPS of $3.09-$3.13 expected vs. $3.13 consensus.
- SBUX +3.17% AH
Thu, Jan. 22, 4:04 PM
Wed, Jan. 21, 5:35 PM
Oct. 30, 2014, 4:22 PM
- FQ4 non-GAAP operating income of $857.3M up 28% Y/Y. Non-GAAP operating income per share of $0.74 up 23%.
- Global comp store sales up 5%. Non-GAAP operating margin of 20.5% up 280 basis points.
- New net stores of 503, bringing total to 21,366.
- Quarterly dividend is hiked 23% to $0.32 per share. Annualized yield of 1.66%.
- Fiscal 2015 targets: Revenue growth of 16-18% expected, including over $1B in incremental revenue from planned purchase of Starbucks Japan. Said purchase should be mildly dilutive to GAAP operating margin; non-GAAP operating margin expected to be flat to slightly up. Non-GAAP EPS expected in range of $3.08-$3.13 (vs. $2.66 in FY2014). Q1 non-GAAP EPS expected at $0.79-$0.81. New store opening should net 1,650.
- Conference call at 5 ET
- Previously: Starbucks EPS in-line, misses on revenue
- SBUX -4.8% AH
Oct. 30, 2014, 4:05 PM
Jul. 25, 2014, 11:50 AM
- "With a top and bottom line beat in a difficult consumer landscape, FQ3 lived up to the lofty expectations," says UBS's Keith Siegner (who has a Buy and $90 PT). Nevertheless. some pressure on the all-time high shares could be warranted amid management commentary (CC transcript) that FY15 earnings growth could be at the lower end of the 15-20% range. "We're not phased," he concludes, and would buy on any weakness.
- Also noting the conservative guidance, Barclays' Jeffrey Bernstein (Equal Weight and $81 PT), says the stock - at 25x forward earnings - is fairly valued.
- "Strong momentum in the business continues to make Starbucks (SBUX -2.3%) a long-term holding," says JPMorgan's John Ivankoe (Overweight and $85 PT). "While we believe some consolidation may be warranted to more aggressively purchase shares, we continue to advocate long-term investment based on uncommonly high cash flow/balance sheet flexibility, earnings power and visibility over the next few years."
- Previously: Starbucks edges lower following earnings beat
Jul. 24, 2014, 4:17 PM
- Comparable store sales globally up 6%, up 7% in the U.S. (vs. 5.1% expected), up 3% in EMEA (3.5% expected), up 7% in China/Asia-Pacific (7.1% expected).
- Operating income of $769M up 25%; operating margin up 200 bps to 18.5%.
- 344 new stores opened globally brings quarter-end count to 20,863 stores over 64 countries.
- Updated fiscal14 targets: Operating margin improvement targeted at 200 bps over 2013; adjusted EPS in range of $2.65-$2.67, with adjusted Q4 EPS expected at $0.73-$0.75. Net new stores expected at about 1,550 with Americas new stores boosted to 650 from 600.
- Fiscal 15 targets introduced: Revenue growth of at least 10%; global comp store sales growth in mid-single digits; an additional 1.6K new stores globally; EPS growth of 15-20%.
- Conference call at 5 ET
- Previously: Starbucks beats by $0.01, beats on revenue
- SBUX active AH, and currently down 0.6%.
Jul. 24, 2014, 4:08 PM
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.
Other News & PR