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SBUX

Starbucks Corporation

5/24/2013, 8:03 AM ET

Quote & Headlines Market Currents StockTalk

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Thursday, May 23, 2:03 PM Starbucks (SBUX -1.4%) takes the news of a potentially cooling China economy a little worse than other large service/consumer product companies with future growth prospects in China increasingly part of its valuation. SBUX in China by the numbers: The company's 800 China outlets in 58 cities grew same-store sales by 8% and brought in over $200M last quarter. The brand claims 61% of the China coffee market and sees opening 1.5K stores by 2015. Comment! [Consumer]
Friday, May 17, 8:42 PM If they "want to succeed in Vietnam, they have to change the way they serve," one customer says of Starbucks' (SBUX) brewing methods at its Ho Chi Minh City flagship store. Of all the markets into which the Seattle coffee giant has ventured, Vietnam may prove the most challenging given the country's rich coffee culture which dates back at least a century. Predictably however, business is good, and Howard Schultz says sales are already exceeding expectations despite locals' penchant for what WSJ describes as a "thick, oily" domestic brew. (Also: SBUX goes to Myanmar) 4 Comments [Consumer]
Wednesday, May 15, 1:08 PM The International Coffee Organization forecasts coffee production in Central America will shrink 16% during the current growing season that runs from October to September due to a widespread fungus in the region that is wreaking havoc. Though only 10% of the world's coffee comes from Central American countries, it's an important region for many premium blend sellers. Wholesale coffee buyers: GMCR, KRFT, SJM, SBUX, CBOU. 1 Comment [Consumer]
Monday, May 13, 7:44 AM Starbucks (SBUX) says it will probably enter Myanmar within the next couple of years as Asia continues to be a major target for the company's future growth. If all goes according to plan, the region will pass Canada within the next couple of years to become Starbucks' second biggest market behind the U.S. 1 Comment [Consumer]
Thursday, May 9, 7:19 AM A dual appearance by the CEOs of the Starbucks (SBUX) and Green Mountain Coffee Roasters (GMCR) on CNBC gives a good indication of the expected synergies between the coffee players in areas of distribution and international expansion which spurred the new 5-year deal. Is Starbucks (SBUX) considering making a bid to buy Green Mountain Coffee Roasters (GMCR)? A good tap dance from Starbucks' Howard Schultz (video). Premarket: SBUX +0.9%, GMCR +17.7%. Comment! [Consumer, M&A]
Wednesday, May 8, 4:19 PM More on the Green Mountain Coffee Roasters (GMCR) and Starbucks (SBUX) deal: The Seattle coffee giant will triple the number of products it offers for Keurig single cup brewers to blow up any vision that Starbucks was going to put Green Mountain Coffee Roasters out of business. Interestingly, Starbucks will introduce some new brands to the mix with Teavana and Seattle's Best Coffee coming over to the Keurig. 2 Comments [Consumer]
Wednesday, May 8, 4:05 PM Trading in Green Mountain Coffee Roasters (GMCR) is halted after the company announces a new five-year agreement with Starbucks (SBUX). Comment! [Consumer]
Thursday, May 2, 1:17 PM Starbucks (SBUX +0.4%) may take the edge off its branding in key markets such as New York City and London where independent coffee shops thrive. The company has been testing a softer approach to store furnishings and layouts with an eye on an indy look for a corporate giant. 2 Comments [Consumer]
Thursday, May 2, 9:54 AM Starbucks (SBUX +0.1%) makes some management changes with China a major focus. John Culver, head of the China and Asia Pacific region, was tapped to be head the new position of group president of China and Asia Pacific, channel development and emerging brands. The Europe division also has new leader as the company creates the position of group president of the Americas and U.S., Europe, Middle East and Africa and Teavana for Cliff Burrows. Despite all the changes, there isn't any more visibility on who might succeed Howard Schultz at Starbucks. 2 Comments [Consumer]
Monday, April 29, 3:39 PM Moody lifts its rating on Starbucks (SBUX +1%) to Baa2 after sizing up the company's earnings and profit margin profile. The ratings agency says a positive resolution in the dispute between Starbucks and Mondelez International could help warrant another bump. 1 Comment [Consumer]
Friday, April 26, 8:11 AM Shares of Starbucks (SBUX) drop 2.2% premarket as the company sits as a victim of its own success. Sales gains of 6% in the U.S. and 8% in China were solid, but not enough to blow past estimates. A counterpoint is that with McDonald's and Dunkin Brands showing flattish sales this year, the thesis that demand for Starbucks' premium coffee is insulated from consumer spending swings seems to be intact. During the earnings call (transcript), execs highlighted the success of the firm's multi-channel loyalty program. Comment! [Consumer, On the Move]
Thursday, April 25, 4:18 PM More on Starbucks' (SBUX) FQ2: The company reports global comparable store sales grew 6%, with a 4% increase in traffic and a 2% gain in average ticket price contributing. By region, Europe and Asia showed lighter sales than forecast while the U.S. was in-line. The company added 590 net new stores during the quarter. Operating margin up 180 bps to 15.3% as lower commodity costs kicked in. Guidance for FY13 EPS is set at $2.12-$2.18 vs. $2.06-$2.15 prior and $2.17 consensus. SBUX -1.3% AH. (PR) 2 Comments [Consumer, Earnings, On the Move]
Thursday, April 25, 4:09 PM Starbucks (SBUX): FQ2 EPS of $0.48 in-line. Revenue of $3.56B (+12% Y/Y) misses by $2M. Shares -1.1% AH. (PR) 8 Comments [Breaking News, Consumer, Earnings]
Thursday, April 25, 12:10 AM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Wednesday, April 24, 5:35 PM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Wednesday, April 17, 2:09 PM Starbucks (SBUX -0.6%) is testing new root beer and ginger ale drinks at locations in Seattle, according to the StarbucksMelody blog. The on-the-scene reports indicate the company is allowing the drinks to be customized. The development becomes even more interesting considering Starbucks' ability to manufacture brewing systems. Should SodaStream (SODA -1.3%) be worried? 1 Comment [Consumer]

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