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Starbucks Corporation (SBUX)

  • Tue, May 19, 2:01 AM
    • Starbucks (NASDAQ:SBUX) and Spotify have struck a music partnership that will give the coffee chain's loyalty members access to exclusive content and input on in-store playlists.
    • "This will be the first of many that we believe will create a significant new revenue source for the company," said Starbucks CEO Howard Schultz. "Over the course of months there will be a series of verticals that will extend beyond Spotify."
    • The collaboration will start this fall in the U.S., followed by Canada and the U.K.
    • SBUX +0.7% AH
  • Thu, May 14, 11:05 AM
    • The National Weather Service forecasts a continuation of El Nino conditions in the Pacific Ocean late into the year.
    • The outlook is consistent with a recent statement from across the ocean by the Japanese Meteorological Agency.
    • In the past, El Nino conditions have contributed to drought conditions in Central and South America to impact coffee costs for sellers.
    • Related stocks: GMCR, SBUX, JVA, SJM, KRFT, DNKN, OTCQB:JAMN.
    • Related ETFs: JO
    • El Nino Advisory (.pdf)
  • Thu, Apr. 30, 8:39 AM
    • Starbucks (NASDAQ:SBUX) announces it will open a new concept store in Manhattan.
    • The compact/express format of the store is designed to speed up lines with employees using handheld devices at the door to take orders as customers walk in the door.
    • The test store is located at 14 Wall Street in the thick of the lower Manhattan financial district.
  • Sat, Apr. 25, 12:05 PM
    • Starbucks (NASDAQ:SBUX) reports all stores are operating as usual after a national sales register outage disrupted functions last night and led to thousands of stores closing early.
    • The point-of-sale crash struck after a daily system refresh.
    • The Starbucks outage created a stir on Twitter on widespread reports of stores giving away free food and drinks.
    • Earlier this week, tech initiatives were a focal point of Starbucks earnings report and conference call presentation and Q&A.
    • Shares of Starbucks were up 8.86% last week to close at $51.84.
    • Previously: Powerful comp lifts Starbucks (April 23)
    • Previously: Tech initiatives at Starbucks gain momentum (April 23)
  • Thu, Apr. 23, 10:20 PM
    • Starbucks (NASDAQ:SBUX) CEO Howard Schultz forecast a "seismic shift" in mobile payments roughly a year ago, and now some of the first tremors from the Starbucks tech initiatives are being felt.
    • The company disclosed today on its earnings call that it processes 8M mobile transactions a week.
    • Mobile payment app users total 16M, up 60% Y/Y.
    • The mobile ordering launch in progress at 600 Starbucks stores in the Pacific Northwest is providing "strong early results" in a disclosure that could calm some anxiety over execution issues with the program.
    • The Seattle giant also loaded about $1.1B onto Starbucks cards during FQ2 - a mark that rivals the market cap of Krispy Kreme Donuts or Bob Evans Farms.
    • Starbucks closed the day +2.27% and added another 4.19% in the after-hours session.
    • Previously: Powerful comp lifts Starbucks (April 23)
    • Previously: Starbucks EPS in-line, beats on revenue (April 23)
    • Earnings call webcast
  • Thu, Apr. 23, 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%.
    • Press Release
  • Thu, Apr. 23, 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.
  • Sat, Apr. 18, 9:48 AM
    • The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
    • GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
    • Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
    • While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
    • Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
    • Partnerships between Silicon Valley and Detroit are expected to accelerate.
    • GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
    • Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
  • Thu, Apr. 16, 7:40 AM
    • Starbucks (NASDAQ:SBUX) is in focus today on Wall Street with new firms jumping on the bandwagon.
    • Guggenheim Partners initiates coverage with a Buy rating.
    • BMO Capital starts off coverage on the company at Outperform.
    • Yesterday it was Cowen Research taking a highly favorable view on the consumer products company.
    • Starbucks sits with 20 Buy/Overweight ratings on the Street vs. 3 Hold/Neutrals and 2 Sell/Underweights.
    • SBUX +0.2% premarket to $48.23 vs. a post-split high of $49.60.
  • Wed, Apr. 15, 11:00 AM
    • Cowen Research initiates coverage on 8 different restaurant stocks.
    • Starbucks (SBUX -0.1%) and Chipotle (CMG +0.7%) land Outperform ratings.
    • Also of note, the high-flying pair ranked first and second in a Piper Jaffray poll of top restaurants brands with upper-income and average-income teenagers.
    • Buffalo Wild Wings (BWLD +0.6%) was the third stock set at Outperform by Cowen.
    • Habit Restaurants (HABT -1.8%), McDonald's (MCD -0.3%), Restaurants Brands Group (QSR +0.2%), Panera Bread (PNRA +0.7%), and Yum Brands (YUM +0.8%) were given a rating of Market Perform by the investment firm.
    • None of the restaurant stocks listed above trade with a forward P-E ratio below 20.
    | Comment!
  • Thu, Apr. 9, 8:41 AM
    • Shares of Starbucks (NASDAQ:SBUX) trade this morning at their new split adjusted level.
    • On the analyst front, Argus Research raises its price target on the company to $54.
    • SBUX -0.2% premarket.
  • Tue, Apr. 7, 9:39 AM
    • David's Tea (Pending:DTEA) files for a $75M IPO in the U.S. on the Nasdaq Global Market.
    • Revenue of $142M and earnings of $1.52 per share was reported by the company for the fiscal year ending January 31.
    • The Canadian retail chain has 134 stores in Canada and  24 stores operating in the U.S.
    • The company expects to add 25 to 30 stores in Canada and 10 to 15 in the U.S. during FY15.
    • Though small in scale, the U.S. expansion plan of David's has some relevance to Starbucks (NASDAQ:SBUX) with its Teavana growth initiative.
    • "We believe there is a highly attractive, long-term growth opportunity for our store base in North America," reads the IPO filing.
    • SEC Form F-1
  • Mon, Apr. 6, 1:57 PM
    • Starbucks (SBUX +0.2%) sees a big opportunity in Indonesia.
    • The company aims to double its store count to 400 over the next five years and focus on a smaller format, says Starbucks Indonesia COO Anthony Cottan.
    • A plan to focus on local tastes will be employed by Starbucks with it set to compete with a wide variety of independent shops.
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  • Tue, Mar. 31, 7:58 AM
    • Starbucks (NASDAQ:SBUX) will begin selling a new smoothie line at 4.3K U.S. stores today.
    • The new offerings will include smoothies made from Evolution Fresh juices and Dannon yogurt.
    • Starbucks has a long partnership with Danone (OTCQX:DANOY) that is expected to expand into grocery stores this summer.
  • Tue, Mar. 24, 10:52 AM
    • Despite plenty of noise on social media channels and in some op-ed pieces, Wall Street analysts see no financial impact from the criticism Starbucks (SBUX +0.5%) is taking on over its "Race Together" campaign.
    • William Blair analyst Sharon Zackfia notes previous controversial stances by the company didn't appear to clip sales.
    • The long view on last week's development at the Starbucks Annual Meeting have centered on the potential in China and in tea.
    • SBUX +19.3% YTD.
    | Comment!
  • Mon, Mar. 23, 3:24 PM
    • The Barron's 400 has regularly beaten the S&P 500 (NYSEARCA:SPY) since its 2007 launch, writes Chris Dieterich, and also powers the Barron's 400 ETF (NYSEARCA:BFOR), which has topped the S&P 500 by nearly 500 basis points since starting in June 2013. BFOR is up 6% YTD, more than double that of the S&P 500.
    • Among those added to the index during last week's twice-yearly rebalancing were Celgene (NASDAQ:CELG), American Airlines (NASDAQ:AAL), Starbucks (NASDAQ:SBUX), and Ameriprise Financial (NYSE:AMP).
    • Among those dropped were McDonald's (NYSE:MCD), Wells Fargo (NYSE:WFC), Verizon (NYSE:VZ), and IBM.
    • A "ruthless" quantitative security-selection method screens for growth, value, and cash flow, and filters further with other factors such as diversification.
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Company Description
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.
Sector: Services
Country: United States