Wed, Jun. 17, 7:56 AM
- Starbucks (NASDAQ:SBUX) announces it will close the 23 La Boulange stores it picked up as part of an acquisition of the brand in 2012.
- The company originally planned to build out the La Boulange store base after the $100M acquisition, but reversed course after shifting toward a strategy to focus on digital channels.
- The La Boulange label will still be used for baked goods at Starbucks stores.
Wed, Jun. 17, 2:23 AM
- Starbucks (NASDAQ:SBUX) will close all 23 of its La Boulange bakery cafes by the end of September, as well as the two manufacturing facilities that serve those locations.
- The La Boulange stores are "not sustainable for the company’s long-term growth," the Seattle-based company said in a statement.
- Starbucks agreed to buy Bay Bread and its La Boulange brand in 2012 for $100M.
Tue, Jun. 16, 10:33 AM
- Starbucks (SBUX +0.6%) says its mobile ordering service has been rolled out to 3.4K stores across 21 states.
- Early reviews on the initiative which allows customers to place mobile orders for store pickup have been favorable.
- Starbucks Mobile Order & Pay is available for iPhones. An expansion to the Android platform is planned for later this year.
Thu, Jun. 11, 2:48 PM
- Starbucks (SBUX -0.1%) is one of the companies feeling some regulatory pressure after Nestle's noodle scandal increased the spotlight on food safety for global companies operating in the nation.
- The Food Safety Standards Authority of India rejected in April over 30 products submitted by Tata Starbucks - the 50-50 joint venture between Starbucks and Tata Global Beverages - and is now hearing more calls to tighten standards.
Thu, Jun. 4, 1:55 PM
- Same-store restaurant sales rose 1.1% in May, according to Black Box Intelligence.
- The mark was down 80 bps from the pace seen by the industry in April.
- Traffic was down 2.3% at comparable stores during the month.
- Higher menu prices sparked a 3.3% increase in average guest check.
- Pricing has been the major factor in same-store restaurant sales trending positive for 11 straight months.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, BDL, NATH, LUB, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, SHAK, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST, ARKR,
Tue, May 19, 2:01 AM
- Starbucks (NASDAQ:SBUX) and Spotify have struck a music partnership that will give the coffee chain's loyalty members access to exclusive content and input on in-store playlists.
- "This will be the first of many that we believe will create a significant new revenue source for the company," said Starbucks CEO Howard Schultz. "Over the course of months there will be a series of verticals that will extend beyond Spotify."
- The collaboration will start this fall in the U.S., followed by Canada and the U.K.
- SBUX +0.7% AH
Thu, May 14, 11:05 AM
- The National Weather Service forecasts a continuation of El Nino conditions in the Pacific Ocean late into the year.
- The outlook is consistent with a recent statement from across the ocean by the Japanese Meteorological Agency.
- In the past, El Nino conditions have contributed to drought conditions in Central and South America to impact coffee costs for sellers.
- Related stocks: GMCR, SBUX, JVA, SJM, KRFT, DNKN, OTCQB:JAMN.
- Related ETFs: JO
- El Nino Advisory (.pdf)
Thu, Apr. 30, 8:39 AM
- Starbucks (NASDAQ:SBUX) announces it will open a new concept store in Manhattan.
- The compact/express format of the store is designed to speed up lines with employees using handheld devices at the door to take orders as customers walk in the door.
- The test store is located at 14 Wall Street in the thick of the lower Manhattan financial district.
Sat, Apr. 25, 12:05 PM
- Starbucks (NASDAQ:SBUX) reports all stores are operating as usual after a national sales register outage disrupted functions last night and led to thousands of stores closing early.
- The point-of-sale crash struck after a daily system refresh.
- The Starbucks outage created a stir on Twitter on widespread reports of stores giving away free food and drinks.
- Earlier this week, tech initiatives were a focal point of Starbucks earnings report and conference call presentation and Q&A.
- Shares of Starbucks were up 8.86% last week to close at $51.84.
- Previously: Powerful comp lifts Starbucks (April 23)
- Previously: Tech initiatives at Starbucks gain momentum (April 23)
Thu, Apr. 23, 10:20 PM
- Starbucks (NASDAQ:SBUX) CEO Howard Schultz forecast a "seismic shift" in mobile payments roughly a year ago, and now some of the first tremors from the Starbucks tech initiatives are being felt.
- The company disclosed today on its earnings call that it processes 8M mobile transactions a week.
- Mobile payment app users total 16M, up 60% Y/Y.
- The mobile ordering launch in progress at 600 Starbucks stores in the Pacific Northwest is providing "strong early results" in a disclosure that could calm some anxiety over execution issues with the program.
- The Seattle giant also loaded about $1.1B onto Starbucks cards during FQ2 - a mark that rivals the market cap of Krispy Kreme Donuts or Bob Evans Farms.
- Starbucks closed the day +2.27% and added another 4.19% in the after-hours session.
- Previously: Powerful comp lifts Starbucks (April 23)
- Previously: Starbucks EPS in-line, beats on revenue (April 23)
- Earnings call webcast
Thu, Apr. 23, 4:16 PM
Thu, Apr. 23, 4:13 PM
- Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 7% in FQ2 vs. 5.1% expected and 4.9% last quarter.
- Transactions were up 3% and the average price per order was 4% higher.
- Comp growth by region: Americas and U.S. +5%; EMEA +2%; China/Asia Pacific +12%. All three regions showed positive traffic.
- The company's operating margin improved 40 bps Y/Y to 17.0%.
- My Starbucks Rewards member adds +1.3M members to 10.3M members total.
- The company added 210 net new stores during the quarter.
- FY15 guidance is reaffirmed at revenue growth of 16%-18% and a mid single-digit comp.
- FY15 EPS of $1.77-$1.79 expected vs. $1.57 consensus (split-adjusted).
- SBUX +4.17% AH to $51.50.
Sat, Apr. 18, 9:48 AM
- The roll-out of 4G LTE high-speed wireless connections in all 2016 General Motors (NYSE:GM) models could provide the automaker with new sources of revenue and jump-start tech initiatives of rivals.
- GM sees OnStar 4G leading to e-commerce revenue from transaction splits (fast-food, hotel rooms, entertainment, advertising), services, and data usage.
- Software upgrades pushed out via broadband connections could also save GM money on repair and warranty costs.
- While execs with GM estimate OnStar will generate $350M in profit over the next three years, some analysts have aimed much higher with their projections.
- Gartner sees 10% of all revenue from the automobile industry generated from connected broadband platforms by 2020 - a formidable mark which explains the increasing presence of Apple and Google in the sector.
- Partnerships between Silicon Valley and Detroit are expected to accelerate.
- GM sits in a nice position to defend its turf against the tech heavyweights through its valuable OnStar property - while BMW (OTCPK:BAMXY), Audi (OTCQX:VLKAY), Nissan (OTCPK:NSANY), and Tesla Motors (NASDAQ:TSLA) are also a few steps away from Internet-based revenue streams.
- Other companies which might benefit to a degree from a connected car explosion: MBLY, NVDA, AMBA, SWKS,SBUX, DPZ, T - add your own in the comments.
Thu, Apr. 16, 7:40 AM
- Starbucks (NASDAQ:SBUX) is in focus today on Wall Street with new firms jumping on the bandwagon.
- Guggenheim Partners initiates coverage with a Buy rating.
- BMO Capital starts off coverage on the company at Outperform.
- Yesterday it was Cowen Research taking a highly favorable view on the consumer products company.
- Starbucks sits with 20 Buy/Overweight ratings on the Street vs. 3 Hold/Neutrals and 2 Sell/Underweights.
- SBUX +0.2% premarket to $48.23 vs. a post-split high of $49.60.
Wed, Apr. 15, 11:00 AM
- Cowen Research initiates coverage on 8 different restaurant stocks.
- Starbucks (SBUX -0.1%) and Chipotle (CMG +0.7%) land Outperform ratings.
- Also of note, the high-flying pair ranked first and second in a Piper Jaffray poll of top restaurants brands with upper-income and average-income teenagers.
- Buffalo Wild Wings (BWLD +0.6%) was the third stock set at Outperform by Cowen.
- Habit Restaurants (HABT -1.8%), McDonald's (MCD -0.3%), Restaurants Brands Group (QSR +0.2%), Panera Bread (PNRA +0.7%), and Yum Brands (YUM +0.8%) were given a rating of Market Perform by the investment firm.
- None of the restaurant stocks listed above trade with a forward P-E ratio below 20.
Thu, Apr. 9, 8:41 AM
SBUX vs. ETF Alternatives
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.
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