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SBUX

Starbucks Corporation

6/19/2013, 4:55 AM ET

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Tuesday, June 18, 12:44 PM Heard during Starbucks' (SBUX +1.4%) presentation at the Jefferies 2013 Global Consumer Conference: 1) The company has a long-term revenue growth target of +10% and EPS growth target of 15%-20%. 2) Opportunities for expansion of food sales exist around the world. 19% of total Starbucks sales is food - led by France with a food mix of 28% and trailed by China at 10%. 3) New food products are trending well including new items from recently-acquired La Boluange. 4) The company's loyalty program accounts for almost 25% of all transactions. 5) Rest easy Green Mountain Coffee Roasters (GMCR). CFO Troy Alstead says Starbucks has no plans to turn into a "deep equipment" company.(webcast) 1 Comment [Consumer]
Tuesday, June 18, 9:07 AM Starbucks (SBUX) will be the latest restaurant chain to post calorie information on menu boards across the country. The company continues to try to position itself as a healthy alternative to fast food fare with its new grab-and-go lunches and line of Evolution Fresh juices, but also has its share of calorie headaches if whips, milks, and sugary options are included in beverage calorie counts. 2 Comments [Consumer]
Monday, June 17, 9:17 AM Starbucks (SBUX) will open its new juicery within weeks, according to Belus Capital. The company is looking to carve out of a piece of the juice bar market with "mixologists" that instill the same loyalty with consumers that its army of baristas do. Comment! [Consumer]
Thursday, June 13, 2:05 PM Goldman may be just as excited about Starbucks' (SBUX +1.8%) food as the company. Analyst Michael Kelter describes management's enthusiasm about the food program as "palpable," and maintains the shares at Conviction Buy (price target raised to $75 from $72). Despite consensus estimates of U.S. comps growth moderation, the "food program and an accommodative macro backdrop" have Goldman looking for upside. 1 Comment [Consumer, On the Move]
Monday, June 10, 10:03 AM Tea sales in the U.S. grew to $15.7B last year to mark an impressive 32% five-year gain as the beverage gains hold as a healthier alternative to coffee. The developments isn't a major concern for Starbucks (SBUX +1.3%) with its Teavana and Tazo brands well-positioned to take advantage of the trend. Some analysts even think tea will overtake coffee in the U.S. by 2017. 1 Comment [Consumer]
Thursday, June 6, 12:28 PM The lawsuit filed by Kraft Foods Group (KRFT -0.5%) could provide investors another buying opportunity for shares of Starbucks (SBUX +0.4%) if the stock dips on some related news, reasons SA contributor Moses Li. Though analysts see Kraft eventually extracting a pound of flesh out of the case, the long-term impact should be minimal. Look to add SBUX if a market correction or Kraft settlement takes its share price down to the $45-$55 range. 3 Comments [Consumer]
Thursday, June 6, 9:16 AM The read-through from J.M Smucker's (SJM) FQ4 report for coffee sellers (SBUX, DNKN, GMCR, KRFT) is interesting. By all appearances, the company fought hard to protect its market share by dropping prices on bagged coffee - but sales still fell off in the U.S. for its major brands by 1.2%, indicating one of the other big players picked up some share. In a nice bit of timing, lower green coffee costs helped the company improve profitability in the category - a trend that bodes well for Q2 numbers across the sector. 2 Comments [Consumer]
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]

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