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Starbucks Corporation (SBUX)

  • Jan. 23, 2014, 4:09 PM
    • Starbucks (SBUX) reports same-store sales rose 5.0% during FQ1 in the Americas to fall short the consensus estimate calling for a 6.25% gain, but fall within the company's guidance range for mid single-digit growth.
    • Global comparable-store sales rose 5.0% during the quarter vs. 5.7% consensus. Traffic was up 4%, while ticket prices rose 1% across all geographic segments.
    • Operating margin rose 260 bps Q/Q to 19.2%, compared to Starbucks' 2014 guidance for a range of 19.1% to 19.6%.
    • The company opened 417 net new stores during the quarter to reach a total store count of 20,184.
    • SBUX -1.4% AH
  • Jan. 23, 2014, 4:06 PM
    • Starbucks Corporation (SBUX): Q1 EPS of $0.71 beats by $0.02.
    • Revenue of $4.24B (+11.6% Y/Y) misses by $50M.
    • Shares -1.9%.
    • Press Release
  • Jan. 23, 2014, 10:59 AM
    • The debate on Starbucks (SBUX -1.2%) continues to build with the company's store traffic in the U.S. to be a focal point with its Q4 report tonight.
    • The massive $1.3B in gift card sales the company churned up during the holiday period is expected to have supported revenue totals, but weak mall sales amid tough winter weather along with a sluggish report from McDonald's earlier today suggests store traffic could disappoint.
    • The company's guidance for "mid single-digit" same-store sales growth in the Americas leaves a lot of wriggle room. A mark over 6% would probably be enough to satisfy investors.
  • Jan. 23, 2014, 12:10 AM
  • Jan. 22, 2014, 5:35 PM
  • Jan. 22, 2014, 7:49 AM
    • There is an air of caution with analysts over the pace of sales growth Starbucks (SBUX) will report for its FQ1.
    • Sanford Bernstein analyst Sara Senatore isn't the only one expecting a slight deceleration from recent trends.
    • Same-store sales in the U.S. could be a particular focus, with the general slowdown in retail traffic to stores and restaurants seen as likely to have encapsulated Starbucks as well.
    • Starbucks reports tomorrow with analysts expecting EPS of $0.69 on revenue of $4.3B.
    • SBUX -0.3% premarket and -5.2% over the last 5 trading sessions on earnings apprehension.
    | Comment!
  • Jan. 16, 2014, 9:53 AM
    • Starbucks (SBUX -0.3%) will need to tighten up the security of it mobile app after a researcher hacks his way rather easily into retrieving customer username and password information.
    • The company made the rookie mistake of leaving data trails on the phone in plain text instead of in an encrypted file, but says it will make the fix.
    • The vulnerability was first disclosed on a techie forum by Daniel Woods.
    | 1 Comment
  • Jan. 14, 2014, 6:49 AM
    • Belus Capital Advisers downgrades Starbucks (SBUX) to a Hold rating from Buy on concerns the company could stumble just a bit in 2014.
    • Analyst Brian Sozzi thinks operational issues at stores have cropped up enough to cut into sales and efficiency.
    • The firm slashes its price target on the company to $75 from $90.
  • Jan. 8, 2014, 3:26 PM
    • Coffee prices continue to surge after torrential rains in Brazil threaten to damage as much as 40% of the nation's arabica crop.
    • Arabica coffee futures for March delivery are up 3% on the day and 19% since early November, but still stand at a historically-low level.
    • Premium coffee sellers such as Starbucks (SBUX +0.6%) and Green Mountain Coffee Roasters (GMCR +1.1%) favor the arabica bean.
    • Related ETFs: JO
  • Jan. 6, 2014, 2:06 PM
    • Hedgeye's Howard Penney has some strong feelings on which restaurant operators are managing themselves through the operational boom-and-bust cycles most chains endure as concepts are grown too fast.
    • The research analyst thinks Starbucks (SBUX -1%) and Brinker International (EAT -1.1%) have honed in on a correct management strategy to trim capex spending and "attack" the middle of the P&L to improve EBITDA, while Darden Restaurants (DRI -2.3%) stubbornly resists the idea.
    | 1 Comment
  • Jan. 3, 2014, 9:27 AM
    • Starbucks (SBUX) introduces gift cards at some locations in China at a strategic time just in front of the Lunar New Year.
    • In the U.S., the company has had rousing success with its gift card program as it has become the go-to gift for holiday season shoppers who tend to procrastinate or run out of ideas.
    | 1 Comment
  • Jan. 2, 2014, 3:06 PM
    • The National Restaurant Association's Restaurant Performance Index rose 0.2% M/M in November to hit a five-month of 101.2
    • The research group also reported that 47% of restaurant operators saw customer traffic growth improve in November from the same period a year ago, up from the 43% which reported improvement in October.
    • A majority of restaurant operators have a positive outlook on the industry and plan to spend money on capital expenditures in the next few months.
    | 1 Comment
  • Dec. 26, 2013, 12:12 PM
    • Gift card sales were an out-performer in the retail sector this holiday season.
    • Open network branded card sales rose 7.3% this year while retailers saw gift card sales shoot up 10, according to Corporate Executive Board.
    • The consumer trend toward more gift card usage should provide a lift to MasterCard (MA +0.8%) and Visa (V +0.3%) as well as adding at least some support to retail sales in Q1 of 2014 as sales are booked.
    • Related stocks: SBUX, BBY, HAWK, WMT, TGT, DNKN, MCD.
    | 1 Comment
  • Dec. 17, 2013, 8:29 AM
    • Apparently a Starbucks (SBUX) gift card isn't the most original gift to give during the holiday season with the company reporting that one in every ten Americans received the coffee card last year.
    • In a single day right before Christmas last year, 2M Starbucks cards were purchased in the U.S. and Canada. Starbucks expects an even bigger rush to stores this year to pick up the item.
    • Overall, the program has seen $16B loaded on 450M cars in 27 different countries.
    • For those keeping track, Starbucks doesn't book the revenue off the cards until down the road when customers use them at store, but all that cash is available to the company.
  • Dec. 16, 2013, 8:34 AM
    • Stephens downgrades Starbucks (SBUX) to Equal Weight from Overweight.
    • SBUX -0.2% premarket.
    | 1 Comment
  • Dec. 13, 2013, 7:51 AM
    • Robusta coffee prices rose to their highest level in three months in London trading after bean stockpiles fell more than forecast.
    • Arabica coffee prices also showed gains.
    • Related stocks: SBUX, GMCR, SJM, KRFT, CBOU, JVA, KKD, NSRGY, DNKN.
    • Related ETFs: JO.
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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