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Starbucks Corporation (SBUX)

  • Jun. 18, 2012, 11:49 AM
    Analysts are starting to warm back up to Starbucks (SBUX +2.2%) after shares retreating back off from its +$60 trading heights. Piper Jaffray's Nicole Regan Miller sees current EPS estimates as too low based on the company's ability to buy coffee at lower costs in the future, while UBS' David Palmer thinks Starbucks is in line for another seasonal bounce this summer and finds valuation enticing given its growth track.
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  • Jun. 15, 2012, 8:07 AM
    Starbucks (SBUX) could face steep challenges as it attempts to shift its brand into the consumer packaged good space, according to foodservice industry analyst Eliabeth Friend. She says that a slow measured approach in order to build up a national distribution of its recently-acquired La Boulange brand into existing stores will serve the company better than a rapid expansion and reworking of the chain.
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  • Jun. 12, 2012, 2:05 PM
    Starbucks (SBUX -0.8%) slips a little after guiding at a William Blair conference (presentation - PDF) for FQ3 (June quarter) EPS of $0.44-$0.45 and FY12 EPS of $1.80-$1.82, below Street estimates of $0.45 and $1.85. Starbucks adds it continues to be affected by Europe's troubles and expects high coffee costs to weigh on 2H results, but expects to receive a tailwind from declining prices in FY13. The company's FY12 Asia-Pac op. margin is expected to be a whopping 30%-35%.
  • Jun. 7, 2012, 2:23 PM
    Starbucks (SBUX +1.1%) says it will begin selling K-cups on June 12 in its stores, providing more clarity to an earlier tip from Janney. Though the news should be considered good for Green Mountain Coffee Roasters (GMCR +0.1%), it was a question of when, not if, on the initiative.
  • Jun. 7, 2012, 11:23 AM
    Starbucks (SBUX +0.2%) will begin selling K-Cups in some stores next Monday, according to a note from Janney. The development should be a boost to Green Mountain Coffee Roasters (GMCR -1.1%), but shares are currently snoozing the chatter as they stay under pressure from short sellers piling on criticism and a lackluster presentation at an investor conference yesterday.
  • Jun. 5, 2012, 6:32 PM
    More on Coinstar (CSTR): SBUX says it plans to introduce its new Rubi coffee kiosk in grocery, drug and mass merchant retail channels featuring Seattle's Best Coffee beverages. For Seattle's Best Coffee, the agreement adds another strategic channel of distribution for its premium coffee. The kiosks will begin rolling out this summer, with approximately 500 kiosks expected by the end of the year and thousands more machines over the next several years. Shares +3.7% AH
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  • Jun. 5, 2012, 4:29 PM
    Coinstar (CSTR) +3.7% AH on reports of an agreement with Starbucks (SBUX) for thousands of Seattle's Best coffee kiosks.
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  • 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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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