Fri, Jul. 22, 11:08 AM
- Starbucks (NASDAQ:SBUX) is now up 0.26% as sentiment has swung back around after the company's Q2 earnings report.
- A contributing factor may be the appearance by Starbucks CEO Howard Schultz on CNBC during which he said the China business could be larger than the U.S. business. Schultz noted that Starbucks is on a pace to open a store every day in China.
- On Wall Street, both Wedbush and Piper Jaffray backed their Outperform ratings on SBUX.
Thu, Jul. 21, 7:36 PM
- Starbucks (NASDAQ:SBUX) CEO Howard Schultz says the deceleration in U.S. same-store sales to 4% in Q2 was an "anomaly" related to the roll-out of the company's new loyalty program.
- The company may have also suffered from the general slowness in restaurant traffic in the U.S. which some analysts have tied to civil unrest and social anxiety. Earlier today. Domino's Pizza reported a blistering pace of same-store sales, seen by some as a reaction to the stay-at-home mentality.
- Schultz thinks Starbucks has pulled the right levers with its promotions to help restore +5% U.S. comps.
- SBUX earnings call webcast
- SBUX -2.78% AH to $56.00.
Thu, Jul. 21, 4:27 PM
- Starbucks (NASDAQ:SBUX) is lower after setting a record for FQ3 revenue, but missing the estimate of analysts. The company reported global comparable store sales rose 4% in FQ3. The mark is notably lower than the pace seen in recent quarters.
- The average ticket was up 4% at comparable stores, while the total number of transactions was level from a year ago.
- Comp growth by region: Americas and U.S. +4%; EMEA -1%; China/Asia Pacific +3%.
- China was a strong spot again, with comparable-store sales growth of 7%.
- Mobile Order and Pay usage accounted for 5% of U.S. transactions, up from 4% in FQ2.
- The company's operating margin increased 30 bps to 19.6%. Lower commodity costs helped pad the bottom line and helped to offset labor and technology investments.
- Starbucks now has 12.3M active loyalty members, up 18% from a year ago.
- Starbucks sees FQ4 EPS of $0.54-$0.55 vs. $0.55 consensus. Full-year revenue growth of 10% is now anticipated off a mid-single digit comp.
- SBUX -3.45% AH to $55.59
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, 4:20 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.
Tue, Feb. 23, 11:07 AM
- Starbucks (SBUX -1.1%) is taking some social media flak for its major change to the way it awards free drinks.
- Customers who purchase pricey drinks will be largely unaffected, but regulars who rely on a single straight cup of coffee a day come out behind under the new dollar-based rewards system.
- The company had to make the change after some clever gaming of the system by customers who insisted on separate transactions for orders of two to four drinks. The impact on margins may have been slight, but there have been some complaints over speed of service.
- The old SBUX math: A customer could theoretically lower his total cost by over 20% if they bought regular coffee in separate transactions and then binged on high-priced items with the freebies. That benefit wasn't lost on millennials.
- Previously: Starbucks tightens policy on rewards giveaways (Feb. 22 2016)
Mon, Feb. 22, 9:30 AM
- Starbucks (NASDAQ:SBUX) will change its loyalty program to award two stars per dollar spent by customers, instead of handing out the stars based on transaction count.
- Customers at the Gold level will receive a free reward after 125 stars ($62.50), as opposed to the old policy of a free reward for every 12 transactions.
- The quick reaction from analysts is that the margin benefit should easily offset any pushback from customers.
- SBUX +1.13% premarket to $58.32.
Mon, Feb. 22, 9:08 AM
- Shares of Stabucks (NASDAQ:SBUX) are higher in early trading just ahead of a conference call which will feature CFO Scott Maw and Chief Strategy Officer Matthew Ryan discussing the company's loyalty program.
- There's more anxiety with customers attuned to free drinks than investors looking at the margin cost of the loyalty program.
- SBUX +1.09% premarket to $58.30 (in-line with S&P 500 futures).
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%.
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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