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Starbucks Corporation (SBUX)

  • Dec. 4, 2014, 11:18 AM
    • Starbucks (SBUX +0.3%) says 20% to 25% of all its stores will offer the Starbucks Evenings experience by the end of FY19.The initiative includes beer and wine choices for consumers.
    • A national roll-out of the company's Mobile Order & Pay platform will be launched in 2015 in a development which is forecast to increase speed of service and boost brand loyalty.
    • Starbucks says it will double the store count in China to over 3K stores by 2019.
    • Guidance: The coffee juggernaut projects revenue will approach $30B in FY2019, up 88% from the FY14 tally.
    • Starbucks Investor Day webcast
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  • Dec. 1, 2014, 3:30 PM
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  • Nov. 29, 2014, 10:29 AM
    • Analysts with predict some gas stations in the U.S. will offer $2 per gallon gas by Christmas.
    • The last time the average price of gas in the U.S. was below $2 was in March of 2009.
    • Forecasts from economists vary widely on the overall gas benefit to consumers for Q4. The high end from the group is an outlook of $300 per household, while the low end is closer to $100.
    • Most analysts see an immediate lift for retail chains with large distribution channels. Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST), Dollar General (NYSE:DG), Family Dollar (NYSE:FDO), Dollar Tree (NASDAQ:DLTR), Big Lots (NYSE:BIG), and Five Below (NASDAQ:FIVE) come to mind.
    • Airline stocks (JBLU, DAL, UAL, LUV, AAL, RJET, ALK, HA, ALGT, VA) have already ripped strong gains off the OPEC news, although some see even more long-term upside as forward fuel hedges get reworked.
    • A sustained period of low gas prices should lift restaurant stocks  (CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATHLUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN) say some analysts.
    • The gaming sector is (CZR, PNK, BYD, ISLE, CNTY, MCRI, MGM, NYNY) also an off-the-radar pick to bounce.
  • Nov. 22, 2014, 11:49 AM
    • Starbucks (NASDAQ:SBUX) plans to introduce Powermat wireless charging stations at close to 200 stores in the San Francisco region.
    • The Powermat cuts out cords in the charging process by using a process called inductively coupled power transfer.
    • A broader roll-out of the technology by Starbucks is planned across the U.S. and Europe within a year.
    • General Motors (NYSE:GM) is also an early adopter of the Powermat wireless charging system with integration in the 2015 Cadillac ATS. The automaker is an investor in Powermat through its nimble VC arm.
    • Duracell sits right smack in the middle of the Powermat innovation as the company with the brand and manufacturing capabilities to aim high. The swap of the business from profit-focused Procter & Gamble (NYSE:PG) to strategic-minded Berkshire Hathaway (BRK.A, BRK.B) sets up well for investments in long-term growth, note analysts.
  • Nov. 20, 2014, 10:45 AM
    • The usual suspects topped a list of the businesses with the most foot traffic in October, compiled by location analytics firm Placed.
    • The top five chains were Wal-Mart (NYSE:WMT), McDonald's (NYSE:MCD), Subway, Starbucks (NASDAQ:SBUX), and Walgreens (NYSE:WAG).
    • Significant movers over the last month include KMart (NASDAQ:SHLD) +9 spots, KFC (NYSE:YUM) +6 spots, Bed Bath & Beyond (NASDAQ:BBBY) -7 spots, and Costco (NASDAQ:COST) -6 spots.
  • Nov. 18, 2014, 3:24 PM
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  • Nov. 17, 2014, 1:53 PM
    • Starbucks (SBUX -0.3%) is taking on some criticism from advocacy groups for being a member of the Grocery Manufacturers Association.
    • The trade association recently sued in Vermont to stop legislation on labeling requirements for products with GMOs.
    • Vermont is scheduled to be the first state with labeling rules on GMOs if it can navigate past the legal challenges.
    • A Starbucks statement posted on its website says the company hasn't taken a position yet on GMO labeling.
  • Nov. 14, 2014, 4:52 AM
    • After launching an investigation into Starbucks' (NASDAQ:SBUX) tax deal with the Netherlands five months ago, the European Commission has now publicly accused Dutch authorities of illegal state aid, allowing the the coffee chain to make payments on a lower corporate income tax base.
    • It was not immediately clear how much Starbucks might have to pay in back taxes if there was a ruling against the Netherlands in the case. A final decision could take years.
    • SBUX -0.5% premarket
    • Previously: EU to probe corporate tax rates in Ireland, Luxembourg, Netherlands
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  • Oct. 31, 2014, 9:56 AM
    • Wedbush reiterates its Buy rating on Starbucks (SBUX -1.8%) on its view comps will accelerate in FY15 and beyond, powered by fresh mobile initiatives.
    • UBS maintains a Buy rating on the company, saying the margin expansion in the Americas geographic segment was overlooked.
    • Jefferies is a buyer on the dip as it see Starbucks committed to shifting resources into digital growth opportunities.
    • If there's a common theme from Wall Street on Starbucks, it's that the company is a step ahead of brick-and-mortar peers in its acceptance of the new consumer paradigm.
    • CEO Howard Schultz tipped off his view on brick-and-mortar decline last January during the firm's FQ1 earings call
  • Oct. 31, 2014, 7:45 AM
    • Starbucks (NASDAQ:SBUX) CEO Howard Schultz disclosed a plan by the company to launch a food and beverage delivery service in certain markets next year.
    • The exec called the Starbucks coffee-to-your-desk vision its version of "e-commerce on steroids."
    • Pilot test runs are expected soon for the program in select cities during which Starbucks will test different consumer options.
    • The delivery service will be part of the company's mobile app along with the much-hyped Mobile Order and Pay program.
    • Earnings call transcript
    • Previous on SBUX: FQ4 earnings, report highlights
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  • Oct. 30, 2014, 4:22 PM
    • FQ4 non-GAAP operating income of $857.3M up 28% Y/Y. Non-GAAP operating income per share of $0.74 up 23%.
    • Global comp store sales up 5%. Non-GAAP operating margin of 20.5% up 280 basis points.
    • New net stores of 503, bringing total to 21,366.
    • Quarterly dividend is hiked 23% to $0.32 per share. Annualized yield of 1.66%.
    • Fiscal 2015 targets: Revenue growth of 16-18% expected, including over $1B in incremental revenue from planned purchase of Starbucks Japan. Said purchase should be mildly dilutive to GAAP operating margin; non-GAAP operating margin expected to be flat to slightly up. Non-GAAP EPS expected in range of $3.08-$3.13 (vs. $2.66 in FY2014). Q1 non-GAAP EPS expected at $0.79-$0.81. New store opening should net 1,650.
    • Conference call at 5 ET
    • Previously: Starbucks EPS in-line, misses on revenue
    • SBUX -4.8% AH
  • Oct. 30, 2014, 4:05 PM
    • Starbucks (NASDAQ:SBUX): FQ4 EPS of $0.74 in-line.
    • Revenue of $4.18B (+10.0% Y/Y) misses by $50M.
    • Shares -4.1%.
    • Press Release
  • Oct. 27, 2014, 8:25 AM
    • Starbucks (NASDAQ:SBUX) expects to hear within a few weeks from the European Commission the results of an investigation into the company's tax policies on the continent.
    • There have been allegations that Starbucks entered a tacit agreement with the Netherlands to lower a tax rate for a subsidiary located in Amsterdam.
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  • Oct. 22, 2014, 12:01 PM
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  • Oct. 20, 2014, 2:58 PM
    • Starbucks (SBUX +1.2%) plans to test a new mobile app feature that allows customers to pre-order drinks before entering a store.
    • The company says iPhone customers at 150 outlets in the Portland region will get first crack at the app later this year.
    • If a few operational timing kinks are worked out, the app could boost traffic at Starbucks stores as line lengths are shortened.
  • Oct. 7, 2014, 8:37 AM
    • Shares of Keurig Green Mountain (NASDAQ:GMCR) are higher in early action despite a soft read from SodaStream (NASDAQ:SODA) on demand for home beverage systems.
    • A strong initiation from Goldman Sachs on the stock is helping to offset any concerns on the category.
    • Coca-Cola (NYSE:KO) has its eyes on the developments with its 10-year Keurig Cold partnership kicking off in 2015.
    • If it's true that PepsiCo (NYSE:PEP) and Starbucks (NASDAQ:SBUX) have interest in SodaStream - there's some number-crunching going inside the C-suites there.
    • GMCR +2.1% premarket, SODA  -17.5%.
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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