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Starbucks Corporation (SBUX)

  • Jun. 5, 2012, 1:06 PM
    Diversification is the key to the deal by Starbucks (SBUX -3.5%) to buy La Boulange, according to Edward Jones analyst Jack Russo. Though it doesn't land a great number of stores with the buy, it does allow the company to slowly integrate the highly-regarded food menu for La Boulange into existing SBUX stores. The big picture: Starbucks continues to convert itself from merely a coffee and snack stop with juice plans, K-cup initiatives, merchandising, and an expanded menu all in the works.
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  • Jun. 5, 2012, 7:05 AM
    Starbucks (SBUX) continues to trade lower, down 1.8% premarket, after announcing it would diversify into a wider food market with the purchase of La Boulange. The company is taking a slight hit with investors because the nature of its initiative is longer-term and delves into new territory that is highly competitive.
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  • Jun. 4, 2012, 7:40 PM
    Panera Bread (PNRA) slips in after hours trading following Starbucks' (SBUX) announcement that it was picking up La Boulange parent company Bay Bread. Although SBUX didn't specifically say it was making a run at PNRA, the writing is definitely on the wall. Panera has been at the top of this sector for a long time now, and a cut of its market would be a tasty target for a heavyweight competitor the likes of Starbucks. PNRA -1.6%, SBUX -2.4% AH.
  • Jun. 4, 2012, 4:15 PM
    Starbucks (SBUX) is buying Bay Bread, owner of the La Boulange bakery chain, for $100M in cash. The company plans to introduce La Boulange's pastries and breads to its U.S. coffee shops, while also expanding La Boulange's own U.S. retail presence. Starbucks expects the deal to dilute 2H12 EPS by $0.02. SBUX -2.4% AH. GMCR -2.6%. (previous)
  • Jun. 4, 2012, 2:55 PM
    Shares of Starbucks (SBUX +2.1%) keep trekking higher in advance of an announcement slated for later today (webcast) on a new initiative for its U.S. retail business. Though nothing concrete has been leaked, Green Mountain Coffee Roasters (GMCR +2.7%) also trades higher ahead of the event on speculative bidding.
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  • Jun. 4, 2012, 1:36 PM
    Starbucks (SBUX +0.5%) says that it will make an announcement at 4:30 EST on a new initiative that will strengthen its core U.S. retail business. Rightly or wrongly, Green Mountain Coffee Roasters (GMCR -2.4%) headquarters just went to DEFCON 3.
  • Jun. 4, 2012, 11:46 AM
    Magazines in Italy have begun to advertise the impending arrival of Starbucks (SBUX -0.3%) to the country with cities including Rome, Milan, Venice, and Naples all slated to see store openings as early as later this month. Though the company will probably cling to tourist attractions and airports with its early batch of stores, eventually it will venture out to compete with Italy's entrenched cafe culture with an air conditioned climate and free wi-fi as two possible weapons in its arsenal.
  • May. 31, 2012, 3:24 PM
    Coffee prices head for their longest streak of monthly declines in 31 years with global supplies outpacing demand. The consensus forecast calls for even lower prices, as a weak real is viewed as stoking more output from Brazil. Coffee sellers Starbucks (SBUX -0.1%) and Dunkin' Brands (DNKN +0.6%) could benefit from lower costs, while Kraft and J.M Smucker have already passed on lower prices to consumers.
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  • May. 30, 2012, 7:17 AM
    Teavana Holdings (TEA): Q1 EPS of $0.10 in-line. Revenue of $44.3M (+27% Y/Y) misses by $0.6M. (PR)
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  • May. 24, 2012, 11:58 AM
    Starbucks (SBUX -0.2%) has been outed in New York City where a stealth store inside a Macy's location sells beer and wine without displaying the trademark mermaid logo and limited menu. As more branded Starbucks stores pop up unannounced around the country, the company will get a better idea how beer and wine fits into its future.
  • May. 23, 2012, 10:44 AM
    Starbucks (SBUX +1.2%) catches an upgrade from BofA to Buy from Neutral with an improved price target of $68, as analysts see the recent 14% pullback in shares as overdone. The action seems to be tipping over to hold a bit of sway over sector rivals. GMCR +0.6%, CBOU +0.6%, PEET +1.4%.
  • May. 22, 2012, 11:19 AM
    Stephens initiates coverage on Starbucks (SBUX +0.1%) with an Overweight rating and $66 price target after seeing shares slip 10% over the last month. The bullish vibe is nothing new on the Street, with 22 out of 28 analysts rating the stock a Buy or Overweight and nary an analyst coming in below a Hold.
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  • May. 21, 2012, 9:53 AM
    Archer Consulting sees the premium that arabica coffee commands over robusta beans falling by 50% to its lowest level since 2009. While packaged sellers Kraft and J.M. Smucker have dropped prices already (I, II), mum is the word so far from Starbucks (SBUX +0.5%), Green Mountain Coffee Roasters (GMCR -1.8%), and Peet's Coffee & Tea (PEET -0.3%).
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  • May. 18, 2012, 1:30 PM
    Coffee sellers such as Starbucks (SBUX +0.6%), Green Mountain Coffee Roasters (GMCR +1.1%) and Peet's Coffee & Tea (PEET +0.1%) may try to get some mileage out of a new paper published in the New England Journal of Medicine finding coffee drinkers without pre-existing medical conditions live longer than non-drinkers of the beverage. The conclusions from the 10-year study are also backed up in part by scientific analysis on the seemingly-positive effects of coffee on the risks of diabetes.
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  • May. 17, 2012, 1:18 PM
    Though Panera Bread (PNRA -2.5%) finds that its decision to offer free Wi-Fi to customers was a big boost to revenue as it beat rivals to the punch, it now struggles to keep up with the burdens of the demand. While charging a fee for access is unlikely to sail smoothly with customers, Piper Nicole Miller Regan says tying premium Wi-Fi to the firm's loyalty program makes sense. The bigger question: Will free Wi-Fi hangouts such as PNRA, SBUX, and MCD lose revenue if truly unlimited mobile data plans take off?
  • May. 16, 2012, 10:21 AM
    Starbucks (SBUX +0.3%) hits a bit of a speed bump in its grand plans to offer beer and wine at select stores across the U.S. after it is forced to withdraw its liquor license application in a Colorado town due to resistance from community leaders. At the heart of the matter, parents don't want to have to ban local Starbucks as a teenage hangout.
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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