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Stock Market & Financial Investment News

News Breaks
November 1, 2012
14:48 EDTCOST, GMCRGreen Mountain to manufacture Costco brand K-Cup packs
Green Mountain (GMCR) announced it is the exclusive manufacturer of Costco Kirkland Signature brand K-Cup packs for the Keurig single cup brewing system. Green Mountain has developed two blends exclusively for Costco with 100% Arabica coffees: Breakfast Blend and Pacific Bold. The varieties, packaged in 100-count boxes, will be available beginning in mid-November in Costco warehouses where K-Cup packs are currently sold, as well as on Costco.com.
News For GMCR;COST From The Last 14 Days
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April 23, 2014
12:38 EDTGMCREarnings Preview: Starbucks sees FY14 EPS growth 18%-22%, revenue growth of 10%
Starbucks (SBUX) is scheduled to report second quarter results after the market close on Thursday, April 24, with a conference call scheduled for 5:00 pm ET. Starbucks purchases and roasts whole bean coffees and sells them, along with brewed coffees, Italian-style espresso beverages, cold blended beverages, food items, teas, and beverage-related accessories and equipment, primarily through company-operated retail stores. EXPECTATIONS: Analysts are looking for earnings per share of 56c on revenue of $3.95B, according to First Call. The consensus range for EPS is 54c-60c on revenue of $3.91B-$4.05B. LAST QUARTER: Starbucks reported first quarter EPS of 71c against estimates for 69c on revenue of $4.2B against estimates for $4.29B. Starbucks said global comparable store sales increased 5%, driven by a 4% increase in traffic. Looking ahead, the company forecast Q2 EPS 54c-55c, third quarter EPS 64c-66c, fourth quarter EPS 70c-75c and fiscal year 2014 EPS $2.59-$2.67 against estimates of $2.66. Starbucks sees FY14 revenue growth of 10% or greater against estimates for $16.57B and sees FY14 global comparable store sales growth in the mid single digits. NEWS: In its Q1 earnings report, Starbucks forecast consolidated operating margin improvement of approximately 150-200 basis points in FY13 over the previous fiscal year. The company said it planned to add approximately 1,500 net new stores in 2014. During the quarter, Starbucks said that Chief Executive Officer Howard Schultz would focus on innovations in coffee and tea, as well as various technology and loyalty initiatives, while the day-to-operations of the company would be overseen by Troy Alstead, who was promoted to a newly created Chief Operating Officer role from the Chief Financial Officer role. Starbucks senior VP of Corporate Finance, Scott Maw, was promoted to executive VP and Chief Financial Officer. The company recently forecast FY14 EPS growth of 18%-22% on revenue growth of 10%. The company is targeting 15%-20% long-term EPS growth. At the company's annual meeting of shareholders, Schultz said he believes Starbucks is "at least" a $100B market capitalization company and that the company is in the "early innings of growth." Alstead said China and Asia Pacific is the company's fastest-growing region. During the quarter, Starbucks amended its agreement with Keurig Green Mountain (GMCR) and partnered with Oprah Winfrey for tea. Globes reported that Starbucks is in advanced talks to buy a 10% stake in SodaStream (SODA) at a company value of $1.1B. STREET RESEARCH: Buckingham views the deal with Keurig Green Mountain as a "positive event," as it provides Starbucks an opportunity for better margins. Piper Jaffray sees "virtually no risk" to Starbucks from higher coffee prices as the company is locked through the first quarter of 2015. Morgan Stanley said weakness in Starbucks due to concerns of decelerating comps and higher coffee prices is overdone. Oppenheimer believes that the recent increases in coffee prices are "manageable" for Starbucks, but have "put a major strain" on its ability to outperform 2015 expectations. PRICE ACTION: Over the last three months, Starbucks shares are down over 3.5%. Year-to-date, shares are down almost 10%
11:51 EDTGMCRDr Pepper Snapple says 'pleased' with Keurig Green Mountain deal
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April 22, 2014
14:28 EDTGMCRSunEdison, Conn's rally after Greenlight discloses new stakes
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April 17, 2014
15:53 EDTGMCRLuigi Lavazza S.p.A confirms 8% stake in Keurig Green Mountain
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April 16, 2014
10:49 EDTGMCRSodaStream rallies following report of talks to sell stake to American company
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April 15, 2014
10:07 EDTGMCRCoca-Cola sees 'significant' currency headwinds for the remainder of this year
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April 11, 2014
07:49 EDTCOSTCostco earnings can accelerate 'dramatically,' says Janney Capital
Janney Capital says Costco's price investments continue to drive share and build loyalty and have helped its traffic remain robust. The firm expects strong traffic to continue and for gas and forex headwinds to subside, which could lead to Costco's earnings accelerating "dramatically" in 2014. Janney keeps a Buy rating on Costco shares.
April 10, 2014
09:48 EDTCOSTCostco sees 1.5%-2% effect on April comps from 1 less shopping day
This April to include 27 selling days, compared to 28 days in same period last year. Costco says average transaction flat year-over-year in March, including forex impact. Comments from March sales results call.
05:47 EDTCOSTCostco reports March total company SSS up 5%
Reports March revenue up 8% to $10.43B vs. $9.67B last year. Reports March total company SSS, excluding negative impacts from gasoline price deflation and foreign exchange, up 7%.

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