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Starbucks Corporation (SBUX)

  • 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.
  • Dec. 10, 2013, 12:34 PM
    • Starbucks (SBUX -3.1%) dips to its lowest level since mid-October as sentiment sours a bit on a Wall Street favorite (19 Buy/Overweight ratings vs. 0 Sells).
    • ITG forecasts same-store sales for the Americas region in FQ1 will be 5%-6% to miss the consensus estimate of analysts for a 6.6% gain.
    • An overall slight deceleration in sales momentum is also noted by the research firm.
    • The dip in SBUX shares brings into play the thesis by SA contributor Stock Traders Daily that the stock is set up for a technical breakdown.
  • Dec. 10, 2013, 10:44 AM
    • Starbucks (SBUX -2.9%) slips after ITG Majestic warns that the company's momentum might have slowed down this quarter.
    • Also in the background is word that Coca-Cola and Green Mountain Coffee Roasters might be looking to partner up in the cold single-serve market.
  • Dec. 9, 2013, 8:29 AM
    • McDonald's (MCD) falls in early trading after the restaurant chain sees the impact of price increases and a positive mix in the U.S. dwarfed by weaker traffic trends.
    • As one of the first reads on the fast-food industry for November, there could be some debate on if McDonald's lost market share in the U.S. or if the whole sector is being pulled down by cautious consumers.
    • On watch: Burger chains BKW, WEN, SONC, JACK could see extra volatility due to the poor performance of McDonald's in the U.S. Starbucks (SBUX), Chipotle (CMG), and Panera Bread (PNRA) will also be watched as their performance over the same November period could trail analysts estimates with Black Friday shopping more restrained this year.
    • MCD -0.6% premarket.
  • Dec. 4, 2013, 3:07 PM
    • Green Mountain Coffee Roasters (GMCR +2.6%) maintained more of its pod market share over the last four weeks than Starbucks (SBUX -1.2%), according to fresh Nielsen data.
    • Unit growth is still strong for pods, up 44%, but pricing in the consumables category fell 5.7% during the latest tracking period - compared to a 4.6% drop for the preceding four weeks and a minor gain during last year's comparable.
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  • Dec. 4, 2013, 2:29 PM
    • If Congress doesn't get around to passing a new farm bill before the end of the year the USDA will be forced to support higher prices for dairy farmers which would create a disruption up and down the food industry.
    • Milk producers could benefit from the changes mandated by the 1949 farm bill - while food sellers could see profits pinched with consumers unlikely to absorb the full amount of price hikes.
    • Most analysts think Congress will get its act together in time, but the risk of a stalemate exists.
    • Related stocks: SJM, DF, NSRGY, WWAV, LWAY, DNKN, MCD, SBUX, KO, GIS.
  • Dec. 3, 2013, 12:05 PM
    • The restaurant industry could have a tougher time meeting last November's comparable-store sales marks due to the 4% dip in retail store traffic during the Black Friday weekend.
    • While apparel sellers gained some lost brick-and-mortar sales back through their e-commerce businesses, quick-service chains such McDonald's (MCD -0.1%) and Starbucks (SBUX -0.5%) are left on the outside looking in with foot traffic down. Dunkin Brands (DNKN -0.3%) in particular could see a dip with retail traffic in the Northeast down 9.8% compared to a year ago for the 4-day period.
    • Despite the disappointing traffic numbers, channel checks show pricing was very solid in November as the restaurant sector avoided most of the promotional frenzy plaguing retail.
    | 1 Comment
  • Nov. 25, 2013, 1:11 PM
    • Moody's upgrades the senior debt rating of Starbucks (SBUX -0.7%) to Baa1 from Baa2 on a positive outlook for the company.
    • The ratings agency says the company's aggressive plans should continue to boost the brand and drive solid gains in earnings and cash flows.
    • The only hint of a warning from Moody's is if Starbucks reaches too far with buybacks or dividends in the future.
  • Nov. 25, 2013, 8:22 AM
    • Retailers are in a frenzied competition to bring in more Black Friday shoppers by opening their doors on Thanksgiving even though it's a move that might not help their bottom lines.
    • Turkey Day: Some research shows the cost of paying employees for the holiday hours and bonus discounts outweighs the incremental sales from being open. Kmart (SHLD), Wal-Mart (WMT), Toys 'R' Us, Target (TGT), Best Buy (BBY), Macy's (M), and J.C. Penney (JCP) may have fallen into the trap.
    • The day after: Accenture says retail interest in Black Friday is at a 5-year high and under-30 shoppers in particular consider it an "event" that they can't miss.
    • The trend sets up well for some restaurant chains which could see a high rate traffic sans the promotional atmosphere. Starbucks (SBUX), McDonald's (MCD), Panera Bread (PNRA), and Chipotle (CMG) come to mind.
  • Nov. 19, 2013, 11:24 AM
    • Execs with Starbucks (SBUX +0.1%) reiterate the company's previous guidance during a presentation at the Morgan Stanley Global Consumer Conference.
    • A favorable commodity pricing environment and strong growth in key regions will help Starbucks grow margins even further in FY14.
    • A focus on tea in 2014 and 2015 could also yield significant results , says management.
    • Presentation webcast
  • Nov. 15, 2013, 10:53 AM
    • Futures prices on Robusta coffee showed their biggest gain in 15 months as supply issues cropped up.
    • Among other factors, the remnants of Typhoon Haiyan hit key regions of Vietnam with torrential rainfall.
    • Robusta coffee prices are still down 22% YTD despite the recent rally.
    • In general, mass-market coffee use the Robusta bean variety, while premium sellers use Arabica.
    • Related stocks: SBUX via Seattle's Best, GMCR, SJM, KRFT, CBOU, JVA, KKD, NSRGY.
    • Related ETFs: JO
  • Nov. 13, 2013, 7:54 AM
    • Starbucks (SBUX) updates Q4 GAAP results following the conclusion of its arbitration with Kraft Foods Global which resulted in a $2.75B award payment.
    • The company says after the revision that its Q4 fiscal 2013 operating loss was $2.115B.
    • SBUX -1.6% premarket.
    | Comment!
  • Nov. 12, 2013, 5:50 PM
    • Starbucks (SBUX) has been ordered by an arbitrator to pay ~$2.75B for prematurely terminating its grocery store distribution deal with Kraft Foods (KRFT) in 2011.
    • The payment will be made to Mondelez International (MDLZ), which took over Kraft's grocery operation in its spin off. The award includes $2.23B in damages and $527M in prejudgement interest and attorneys' fees.
    • Mondelez intends to use the after-tax proceeds for share repurchases.
    • SBUX -1.6%, MDLZ +3.3%, and KRFT +0.4% AH
  • Nov. 7, 2013, 7:20 AM
    • Arabica coffee prices fell to a five-year low as the harvests in Brazil and Colombia continue to come in bountiful.
    • The price on a December Arabica contract fell to $1.031 to mark the lowest level for a most-traded contract since 2008.
    • Related stocks: SBUX, GMCR, SJM, KRFT, CBOU, JVA, KKD.
    • Related ETFS: JO
  • Nov. 6, 2013, 5:01 AM
    • Starbucks (SBUX) intends to hire at least 10,000 veterans and spouses of active military personnel over the next five years.
    • The coffee-house giant has specialized recruiters who will match applicants' skills with company jobs.
    • "This demographic represents one of the most underutilized talent pools in our country," said Starbucks director and former U.S. Defense Secretary Robert Gates. "They bring an understanding of other cultures and they're accustomed to working with diverse and international partners.
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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