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Starbucks Corporation (SBUX)

  • 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%.
  • Oct. 2, 2014, 1:10 PM
    • Arabica coffee futures reached a five-month high as a prolonged drought in Brazil now appears likely to impact next year's crop as well as this year's.
    • Coffee watcher ICO estimates a 10M production bag deficit could result due to the weak crop amid an environment of rising global demand.
    • Arabica coffee chart
    • Related stocks: GMCR, SBUX, JVA, SJM, KRFT, DNKN
    • Related ETFs: JO
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  • Sep. 29, 2014, 2:58 AM
    • Apple (NASDAQ:AAPL) will face accusations this week from the European Commission, as the preliminary findings over its tax affairs in Ireland are made public.
    • European regulators will accuse Apple of benefiting from illicit state aid in Ireland for more than two decades, which could leave the company with a record fine of as much as several billions of euros, FT reports.
    • The probe is part of a formal investigation into European corporate tax codes,  which is also investigating Fiat (OTCPK:FIATY) and Starbucks (NASDAQ:SBUX).
  • Sep. 24, 2014, 1:13 PM
    • NPD Group reports the U.S. small home appliance saw sales rise 4% to $19.6B for the year ending June 2014.
    • Perhaps a surprise, growth in the rice cooker and electric kettles categories were stronger than what was seen for single-serve brewing systems and countertop blenders.
    • Related stocks: GMCR, SBUX, WHR, CONN, HGG, HD, NC, SWK, SODA,
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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