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Starbucks Corporation (SBUX)

- NASDAQ
  • Thu, Jul. 23, 4:25 PM
    • Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 7% in FQ3vs. 6.2% expected and 7% last quarter.
    • Transactions were up 4% and the average price paid per order was 3% higher.
    • Comp growth by region: Americas and U.S. +8%; EMEA +3%; China/Asia Pacific +11%. All three regions showed positive traffic.
    • Cost of sales +14.2% to $1.9359B as lower coffee costs helped.
    • CPG/foodservice revenue +7.9% to $491M.
    • The company's operating margin improved 70 bps Y/Y to 19.2%. Non-GAAP operating margin +100 bps to 19.5%.
    • The company added 413 net new stores during the quarter to reach 22,519 global stores.
    • FY15 guidance is reaffirmed at revenue growth of 16%-18%.
    • FY15 EPS of $1.57-$1.58 expected vs. $1.57 consensus (split-adjusted).
    • Starbucks announces a share repurchase authorization for an additional 50M shares. The company still has an allowance of 11M shares on an old buyback plan.
    • Previously: Starbucks and PepsiCo to partner in Latin America (Jul. 23 2015)
    • Previously: Starbucks beats by $0.01, beats on revenue (Jul. 23 2015)
    • SBUX +2.44% AH to $57.96.
    | 13 Comments
  • Thu, Jul. 23, 4:15 PM
    • Starbucks (NASDAQ:SBUX): Q2 EPS of $0.42 beats by $0.01.
    • Revenue of $4.88B (+17.6% Y/Y) beats by $20M.
    • Shares +2.3%.
    • Press Release
    | 13 Comments
  • Wed, Jul. 22, 5:35 PM
  • Thu, Apr. 23, 4:16 PM
    • Starbucks (NASDAQ:SBUX): FQ2 EPS of $0.33 in-line.
    • Revenue of $4.56B (+17.8% Y/Y) beats by $30M.
    • Shares +3.89%.
    • Press Release
    | 6 Comments
  • 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.
    | 16 Comments
  • Thu, Jan. 22, 4:14 PM
    • Starbucks (NASDAQ:SBUX) reports global comparable store sales increased 5% in FQ1 vs. 4.9% expected and 5.0% last quarter and in the year-ago period.
    • Traffic was 2% higher during the quarter.
    • Comp growth by region: Americas and U.S. +5%; EMEA +4%; China/Asia Pacific +8%.
    • Operating margin improved -130 bps Q/Q and -10 bps Y/Y to 19.1%. The decline was due in a large part to a shift in ownership in Japan.
    • My Starbucks Rewards member adds +10% to over 9M members.
    • The company added 512 net new stores during the quarter.
    • FY15 EPS guidance is reaffirmed at revenue growth of 16%-18% and a mid single-digit comp.
    • FY15 EPS of $3.09-$3.13 expected vs. $3.13 consensus.
    • SBUX +3.17% AH
    | Comment!
  • Thu, Jan. 22, 4:04 PM
    • Starbucks (NASDAQ:SBUX): FQ1 EPS of $0.80 in-line.
    • Revenue of $4.8B (+13.2% Y/Y) in-line.
    • Shares +2.4%.
    | 5 Comments
  • Wed, Jan. 21, 5:35 PM
  • 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
    | 5 Comments
  • 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
    | 2 Comments
  • Jul. 25, 2014, 11:50 AM
    • "With a top and bottom line beat in a difficult consumer landscape, FQ3 lived up to the lofty expectations," says UBS's Keith Siegner (who has a Buy and $90 PT). Nevertheless. some pressure on the all-time high shares could be warranted amid management commentary (CC transcript) that FY15 earnings growth could be at the lower end of the 15-20% range. "We're not phased," he concludes, and would buy on any weakness.
    • Also noting the conservative guidance, Barclays' Jeffrey Bernstein (Equal Weight and $81 PT), says the stock - at 25x forward earnings - is fairly valued.
    • "Strong momentum in the business continues to make Starbucks (SBUX -2.3%) a long-term holding," says JPMorgan's John Ivankoe (Overweight and $85 PT). "While we believe some consolidation may be warranted to more aggressively purchase shares, we continue to advocate long-term investment based on uncommonly high cash flow/balance sheet flexibility, earnings power and visibility over the next few years."
    • Previously: Starbucks edges lower following earnings beat
    | 6 Comments
  • Jul. 24, 2014, 4:17 PM
    • Comparable store sales globally up 6%, up 7% in the U.S. (vs. 5.1% expected), up 3% in EMEA (3.5% expected), up 7% in China/Asia-Pacific (7.1% expected).
    • Operating income of $769M up 25%; operating margin up 200 bps to 18.5%.
    • 344 new stores opened globally brings quarter-end count to 20,863 stores over 64 countries.
    • Updated fiscal14 targets: Operating margin improvement targeted at 200 bps over 2013; adjusted EPS in range of $2.65-$2.67, with adjusted Q4 EPS expected at $0.73-$0.75. Net new stores expected at about 1,550 with Americas new stores boosted to 650 from 600.
    • Fiscal 15 targets introduced: Revenue growth of at least 10%; global comp store sales growth in mid-single digits; an additional 1.6K new stores globally; EPS growth of 15-20%.
    • Conference call at 5 ET
    • Previously: Starbucks beats by $0.01, beats on revenue
    • SBUX active AH, and currently down 0.6%.
    | 2 Comments
  • Jul. 24, 2014, 4:08 PM
    • Starbucks (NASDAQ:SBUX): FQ3 EPS of $0.67 beats by $0.01.
    • Revenue of $4.2B (+12.3% Y/Y) beats by $60M.
    • Shares -0.65%.
    • Press Release
    | 6 Comments
  • Apr. 24, 2014, 4:24 PM
    • Starbucks (SBUX) reports global comparable store sales increased 6% in FQ2 vs. 5% in FQ1 and 6% for the year-ago period.
    • Comp growth was fairly consistent across regions: Americas and U.S. +6%; EMEA +6%; China/Asia Pacific +7%.
    • Operating margin improved 130 bps to 16.6% on sales leverage gains and lower commodity costs (coffee was hedged).
    • The company added 335 net new stores during the quarter.
    • FY14 EPS guidance is increased to $2.62-$2.68.
    • SBUX +0.9% AH
    | 2 Comments
  • Apr. 24, 2014, 4:07 PM
    • Starbucks Corporation (SBUX): FQ2 EPS of $0.56 in-line.
    • Revenue of $3.87B (+8.7% Y/Y) misses by $80M.
    • Shares +2.7%.
    • Press Release
    | Comment!
  • Jan. 23, 2014, 4:25 PM
    • Starbucks (SBUX) reaffirms FY14 guidance, but comes in a tad short of analyst expectations.
    • The company sees FQ2 EPS of $0.54-$0.55 vs. $0.56 consensus and 2014 EPS of $2.59-$2.67 vs. $2.66 consensus.
    • A weak yen cut into the company's profit margin in its China/Pacific segment.
    • Dollars loaded on Starbucks Cards jumped 24% Y/Y to $1.4B.
    • Though light compared to the company's track record, the 4% gain in U.S. traffic for the quarter is solid compared to restaurant peers. Execs resisted the urge to cite weather factors as rivals have done.
    • SBUX -0.1% AH
    | Comment!
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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