Tue, Oct. 6, 4:59 PM
- Gerri Martin-Flickinger, formerly Adobe's chief information officer (CIO), has been hired by Starbucks (NASDAQ:SBUX) to fill the newly-created role of chief technology office (CTO). She'll report to COO Kevin Johnson.
- At Adobe, Martin-Flickinger oversaw the company's cloud infrastructure as the company migrated much of its user base from traditional software licenses to cloud subscriptions. Johnson: "As we continue to shape our global technology agenda at Starbucks, we needed leadership talent with deep experience in cloud, big data analytics, mobile and security to take us to the next level."
- Starbucks, of course, isn't a stranger to making big digital service investments. The company handles over $1B/year in payments through its mobile apps, has partnered with Google to offer fast Wi-Fi, and has been rapidly rolling out its Mobile Order & Pay solution.
Tue, Oct. 6, 1:41 PM
- Starbucks (SBUX -0.8%) will launch its new mobile order and pay service in Canada on October 13.
- The chain will offer the order option in 300 company-owned stores in Toronto before rolling it out to other Canadian cities in 2016.
- Mobile Order & Pay is expected to provide a same-store sales lift to Starbucks in Q4 with early execution reported to be on track.
Mon, Oct. 5, 12:44 PM
- Blame it (mostly) on energy/commodities as Markit expects another 62% cut in dividends in the basic resources sector. Payouts in the media sector will decline 21%, but this is due to Disney switching from paying annually to semi-annually, and reallocating $1.1B in returns to next year.
- In total, Markit sees dividend growth of just 3.4% in Q4, down from 11.5%, 11.4%, and 24.1% growth in the previous three quarters. Special dividends in Q4 this year will total just $1.5B, down from $5.6B a year ago.
- The top five dividend increases coming in Q4: MasterCard (NYSE:MA) is expected to boost its payout by 31%; Visa (NYSE:V) by 25%, CVS (NYSE:CVS) Health by 23%, Lincoln Financial (NYSE:LNC) by 20%, and Starbucks (NASDAQ:SBUX) by 19%.
- ETFs: DVY, SCHD, ADX, SDOG, DLN, DHS, FDL, DTD, FVD, DVYL, SDYL
Thu, Oct. 1, 4:15 PM
- Starbucks (NASDAQ:SBUX) is the latest large food company to say it plans to transition to the use of only cage-free eggs.
- The company plans to make the switch before 2020.
- Within the egg sector, Cal-Maine Foods (NASDAQ:CALM) ended the day up 3.41%, although that move may be unrelated to the Starbucks development. However, Cal-Maine is increasing its focus on cage-free egg production through a new JV.
Thu, Oct. 1, 12:55 PM| Thu, Oct. 1, 12:55 PM | 3 Comments
Tue, Sep. 29, 9:39 AM
- Starbucks (NASDAQ:SBUX) franchisee Anil Patil has plans to roll out 100 Starbucks stores in the U.K. over the next five years. His group aims to enter some under-served areas of the region.
- Panil has had previous success in the U.K. growing out a group of Domino's Pizza franchised stores which were eventually sold.
- Starbucks owns or franchises about 800 stores in the U.K.
Fri, Sep. 25, 11:30 AM| Fri, Sep. 25, 11:30 AM | 29 Comments
Thu, Sep. 24, 11:11 AM
- A partnership between Starbucks (SBUX -0.6%) and Dannon (OTCQX:DANOY) is picking up steam as Evolution Fresh yogurt makes its way into mainstream grocery store chains.
- The crowded field of yogurt contenders has increased the importance of shelf positioning and marketing, two areas where food analysts think the Dannon-Starbucks partnership could be disruptive.
- Evolution Fresh/Dannon partnership fact sheet (.pdf)
Tue, Sep. 22, 7:58 AM
- Starbucks (NASDAQ:SBUX) announces Mobile Order & Pay is available nationally.
- Customers in the U.S. can now order at any Starbucks store and pre-pay for the order before picking up their items at the pick-up area.
- Early tests at pilot stores of the program have gone well smoothly, according to food blogs.
Mon, Sep. 21, 8:01 AM
Thu, Sep. 17, 10:28 AM
- Starbucks (SBUX) showed sizzling single-serve sales growth over the four weeks ending on September 5, according to a new Nielsen data read digested by UBS.
- Single-serve sales were up 41% for Starbucks on 53% unit growth.
- The company grew K-cup market share by 40 bps Y/Y to 16.7% over the period.
- McDonald's (MCD -0.6%) and Dunkin Brands (DNKN) also took K-cup market share, while Keurig Green Mountain (GMCR -2.2%) gave some back.
- Overall, K-cup sales in the U.S. have been growing at a double-digit rate even with some deceleration from last year's pace.
Wed, Sep. 16, 7:31 AM
- Moody's upgrades credit ratings on Starbucks (NASDAQ:SBUX) on a favorable view of the company's cash flow position.
- The ratings agency moves Starbucks's senior unsecured ratings to A2 from A3, short-term commercial paper rating to Prime-1 from Prime-2, and senior unsecured shelf to (NYSE:P)A2 from (P)A3.
- "Starbucks measured growth strategy, product pipeline, digital initiatives and balanced financial policy will continue to drive operating earnings," reads a summary from Moody's.
Thu, Sep. 10, 3:41 PM
- Starbucks (NASDAQ:SBUX) presented today at the Goldman Sachs Retailing Conference.
- The early read from execs is that the economic and market turmoil in China hasn't disrupted the company's transaction volume in the region.
- On the operational side, more stores are seeing a second oven added to process more heated items.
- Food in general accounts for 20% of total sales vs. a mid-teens percentage a few years ago. Starbucks thinks the total could hit 25% in a few years without taking away from beverage sales.
- Mobile Order and Pay was also a big topic. All stores will have the feature by the end of the month and an Android app is close. Next year, the app will add suggestions for orders based on consumer data.
- Conference webcast
Fri, Sep. 4, 7:28 AM
- The restaurant industry posted same-store sales growth of 1.7% in August, according to data from Black Box Intelligence.
- Average traffic fell 1.1% during the month, while the per person average check amount rose 2.7%.
- YTD restaurant same-store sales are up 2.2%.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, BDL, NATH LUB, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, SHAK, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST, ARKR
Fri, Aug. 28, 11:10 AM
- There's plenty of precedent for the recent market action, says Morgan Stanley's Adam Parker, noting the market has dropped more than 5% 16 times since March 2009, and each time has moved on to new highs.
- His half-glass view is that the economy is in the middle of its longest expansion ever, and a less-active Fed, a nervous consumer maybe saving more, a lower oil price, and a flattish dollar all argue for continued expansion.
- Morgan's top ideas to buy on the pullback: AGN, AMZN, AAPL, AVGO, BAC, BKU, DAL, GILD, GOOG, GOOGL, HLT, JPM, KR, LEN, LMCK, MGA, MBLY, NWL, QCOM, SABR, CRM, SBAC, SBUX, BX, TMO, VRSK, WWAV, XL.
Tue, Aug. 25, 5:35 PM
- investors should stick with "market darlings" - the 25 stocks that had performed the best during the six months before a market pullback - according to the analyst team at RBC.
- The firm notes that although many recent winners are leading the market lower, the extent of the underperformance is just 1%; it also says investing in the group following sharp market pullbacks is a winning strategy over the ensuing week, month and six months.
- RBC's 25 market darlings are AET, ALTR, AMZN, AIZ, CVC, CI, CAG, EA, EQIX, EXPE, GME, GOOGL, HAS, HCA, MNST, NFLX, NKE, PRGO, REGN, SBUX, TSO, TWC, TSS, UA, UHS
SBUX vs. ETF Alternatives
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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