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Thu, Jan. 21, 5:37 PM
Thu, Jan. 21, 4:16 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 8% in FQ1. The company is on a consistent track of solid comps. Last year's comp marks were +5% in Q1, +7% in Q2, +7% in Q3, and +8% in Q4.
- Traffic was 4% higher at Starbucks stores during the quarter.
- Comp growth by region: Americas and U.S. +9%; EMEA +1%; China/Asia Pacific +5%.
- The company's operating margin jumped 60 bps to 19.7% as lower dairy and coffee costs kicked in.
- Starbucks added 528 net new stores during the quarter to reach 23,571 global stores.
- Full-year FY16 guidance set at $1.87 to 1.89 vs. $1.89 consensus. Q2 FY16 EPS of $0.38 to $0.39 expected.
- SBUX -3.56% AH to $56.39.
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
Jul. 23, 2015, 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.
Jul. 23, 2015, 4:15 PM
- Starbucks (NASDAQ:SBUX): Q2 EPS of $0.42 beats by $0.01.
- Revenue of $4.88B (+17.6% Y/Y) beats by $20M.
- Shares +2.3%.
Jul. 6, 2015, 2:14 PM
- Keurig Green Mountain (GMCR -3.6%) is slammed after SunTrust cut its stock price target to $70 from $95, citing a loss of market share to the likes of Kraft Heinz (KHC), JM Smucker (NYSE:SJM) and Starbuck (NASDAQ:SBUX).
- The firm thinks GMCR will need to address share losses for its company-owned brands sooner rather than later, which will pressure earnings; market share for GMCR-owned brands have dropped to 28% from 35% over the past year and posted a 5% sales decline and 12% volume decline in the most recent four-week period, according to Nielsen, lost to GMCR’s licensed partners which have stronger brands and are promoting their products more than GMCR.
- SunTrust says it does not believe GMCR wants simply to be a contract manufacturer for the industry; GMCR will need to step up promotions in the coming months while working through its higher-cost coffee hedges, which the firm cites as the key reason behind its FY 2015 earnings reduction.
Apr. 23, 2015, 4:16 PM
- Starbucks (NASDAQ:SBUX): FQ2 EPS of $0.33 in-line.
- Revenue of $4.56B (+17.8% Y/Y) beats by $30M.
- Shares +3.89%.
Apr. 23, 2015, 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.
Mar. 18, 2015, 3:42 PM
- Starbucks (NASDAQ:SBUX) didn't forget about China at today's eventful annual meeting of shareholders.
- Execs noted that China is the coffee giant's fastest-growing market and say the company plans to have 3.4K stores open in the nation within five years.
- Shanghai already has more Starbucks outlets than any other city in the world.
- The company says it signed a deal with Tingyi Holdings to produce and distribute the company's ready-to-drink products in China.
- Starbucks plans to convert tea drinks in China to the Teavana brand in 2016.
- Previous from the annual meeting: Starbucks announces delivery service, Starbucks to split 2-for-1
- Shares of SBUX staged a rally during the event to carve out a 1.8% gain.
Mar. 9, 2015, 8:28 AM
- McDonald's (NYSE:MCD) appears to have lost market share during February in the U.S.
- Black Box Intelligence estimates that comparable-store sales in the restaurant industry rose 2.1% in February vs. the 4% decline reported earlier by McDonald's for the month.
- The deceleration across the industry was strongly influenced by a 5.8% drop in New England due to a harsh winter month, while McDonald's cites broader promotional pressure.
- Within the burger sector, Sonic reported a sizzling 11.5% comp for its FQ2 which included all of February and didn't mention any promotional headaches.
- Retail analysts think Sonic (NASDAQ:SONC) and Jack in the Box (NASDAQ:JACK) have converted some loyal McDonald's customers - while on a smaller scale the higher-end burger concepts at Five Guys, Habit Restaurants (NASDAQ:HABT), In-N-Out Burger, and even Shake Shack (NYSE:SHAK) have had an influence.
- An even deeper dive into breakfast traffic has concluded Starbucks (NASDAQ:SBUX) has taken some coffee-on-the-go share.
- Previously: McDonald's misses Feb. comp mark as U.S. disappoints
- MCD -1.21% premarket to $95.95 after shares floated over the $100 level last week.
Feb. 26, 2015, 10:42 AM
- Shares of J.M. Smucker (SJM +1%) and Dunkin Brands' (DNKN +2.9%) are both higher after the two companies sign a deal to broaden distribution for Dunkin' Donuts K-cups.
- J.M. Smucker is handling distribution to grocery stores and club chains, while Keurig Green Mountain (GMCR -0.1%) will cover office supply stores and specialty stores.
- Perhaps the most important aspect of the new distribution deal is that Dunkin' K-Cup packs will now be sold online.
- The K-cup shakeup isn't expected by most analysts to have a major impact on Starbucks (SBUX +0.2%) which is also a Keurig partner. Smaller coffee brands could suffer though.
Jan. 22, 2015, 5:36 PM
Jan. 22, 2015, 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
Jan. 22, 2015, 4:04 PM
- Starbucks (NASDAQ:SBUX): FQ1 EPS of $0.80 in-line.
- Revenue of $4.8B (+13.2% Y/Y) in-line.
- Shares +2.4%.
Jan. 9, 2015, 9:35 AM
- Reports indicate the departure of Starbucks (SBUX -1.3%) COO Troy Alstead is due to a personal issue which has been under discussion for some time.
- The Puget Sound Business Journal suggests it's "unlikely" Alstead will return to the company.
- Alstead nearly left the company in 2008 before CEO Howard Schultz talked him into staying.
- Several analysts have tipped that the dip in shares makes for a good entry point on Starbucks, although SA contributor Howard Penney has a detailed look on the company which could give some investors pause.
Jan. 5, 2015, 9:16 AM
- Janney Capital Markets downgrades Starbucks (NASDAQ:SBUX) to a Neutral rating from Buy
- The investment firm thinks shares could have a testy year as the company struggles to show accelerating comp growth.
- SBUX -1.69% to $80.06.
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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