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Stock Market & Financial Investment News

News Breaks
August 30, 2013
12:55 EDTSBUX, THI, KKD, GMCRKrispy Kreme tumbles after profits miss, August comps decelerate
Shares of doughnut and coffee retailer Krispy Kreme (KKD) are sinking after the company reported lower than expected second quarter profits. WHAT'S NEW: Krispy Kreme's earnings per share came in slightly below analysts' consensus estimates, but its revenue beat analysts' expectations. The company's same-store sales jumped 10% versus the same period in 2012. Krispy Kreme said that its results were negatively affected by the planned remodeling of a number of its stores in the second quarter. Meanwhile, a number of discounts that the company implemented during the second quarter of 2012 hurt its comparative sales data last quarter, Krispy Kreme stated. This month, Krispy Kreme's sales were up about 5% during the first week of the month versus the same period in 2012, up about 12% in the second week,and unchanged during the third week, the doughnut maker stated. PRICE ACTON: In early afternoon trading, Krispy Kreme sank $3.30, or 14%, to $19.95. OTHERS TO WATCH: Other companies that sell doughnuts and/or coffee include Dunkin Brands (DNKN), Starbucks (SBUX), Keurig brewer maker Green Mountain (GMCR), and Canadian retail chain Tim Hortons (THI).
News For KKD;SBUX;GMCR;THI From The Last 14 Days
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April 23, 2015
19:16 EDTSBUXOn The Fly: After Hours Movers
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19:11 EDTSBUXStarbucks 'delighted' with mobile ordering system
Company says it assumed "full ownership" of Starbucks Japan during Q2, and it is now 'in position' to aggressively pursue business across all Japan channels. Regarding China, the company says it transitioning to Tingyi in 2016. The company is rolling out new frappuccino and Teavana iced tea beverages during the upcoming summer months. "My Starbucks Rewards" will continue to be "among our most important business drivers," said Starbucks. The company is "on track" to roll out Mobile Order and Pay nationwide in 2015. Starbucks is "delighted" with the initial results of mobile ordering -- it is now processing over 8M mobile payment transactions each week, equalling nearly 19% of U.S. store tenders. The company has plans to add Mobile Order and Pay to its Android app, as well as launch in U.K. and Canada before the end of the year.
19:09 EDTSBUXStarbucks raises FY15 CAP operating margin guidance to roughly 20%
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16:22 EDTSBUXStarbucks up almost 4% following Q2 results, guidance
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16:10 EDTSBUXStarbucks sees 2015 GAAP operating margin flat vs. FY14
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16:09 EDTSBUXStarbucks sees 2015 total new store openings at 1,650 net new
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16:08 EDTSBUXStarbucks backs FY15 revenue growth 16%-18%, consensus $19.11B
Backs FY15: Global comparable store sales growth of mid-single digits; Consolidated tax rate of approximately 31% on a GAAP basis; Capital expenditures of approximately $1.4B.
16:07 EDTSBUXStarbucks reports Q2 global comparable store sales increased 7%
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16:06 EDTSBUXStarbucks sees Q4 adjusted EPS 42c-43c
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16:05 EDTSBUXStarbucks backs FY15 adjusted EPS view $1.55-$1.57, consensus $1.57
16:04 EDTSBUXStarbucks sees Q3 adjusted EPS 40c-41c, consensus 40c
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16:03 EDTSBUXStarbucks reports Q2 EPS 33c, consensus 33c
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15:00 EDTSBUXNotable companies reporting after market close
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14:56 EDTSBUXStarbucks April 49.5 weekly straddle priced for 3.2% movement into Q2
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13:08 EDTSBUXStarbucks technical notes ahead of earnings
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12:35 EDTSBUXEarnings Watch: Starbucks sees Q2 EPS 32c-33c on split-adjusted basis
Starbucks (SBUX) is scheduled to report second quarter results after the market close on Thursday, April 23, 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 33c on revenue of $4.53B, according to First Call. The consensus range for EPS is 31c-35c on revenue of $4.39B-$4.6B. LAST QUARTER: Starbucks reported first quarter EPS of 80c on revenue of $4.8B, in-line with analysts' estimates, respectively. Starbucks said global comparable store sales increased 5%, with a 2% increase in traffic. The company said comparable store transactions increased by nearly 9M in the U.S. and nearly 12M globally, year-over-year. In conjunction with its earnings release, Starbucks announced the appointment of Kevin Johnson as president and Chief Operating Officer. NEWS: At the company's Annual Meeting of Shareholders in March, the company announced a two-for-one stock split. On a split-adjusted basis, the company revised its Q2 EPS view to 32c-33c to account for the planned stock split; previous Q2 EPS guidance was 64c-65c. The company also revised its EPS guidance for fiscal year 2015 to $1.55-$1.57, which compares to analysts' estimates of $1.57; the company's pre-split FY15 EPS view was $3.09-$3.13. At the meeting, Starbucks announced two delivery models, including a collaboration with Postmates, which will allow customers to order their food and beverage items via the Starbucks mobile app, and a "Green Apron" barista delivery option enabling customers within specified office-buildings to order food and beverages for delivery. Starbucks also reaffirmed its goal to grow its market capitalization to $100B and announced an agreement with Chinese food and beverage producer Tingyi Holding to manufacture and expand the distribution of Starbucks ready-to-drink products throughout mainland China. During the quarter, Evolution Fresh, a unit of Starbucks, and Dannon (DANOY) said they would launch co-branded yogurt products. They said they planned to launch Evolution Fresh Smoothies in 4,300 Starbucks stores in the Pacific Northwest, Northern California and in select Starbucks locations within grocery stores nationwide. Starbucks raised suspicions among European regulators and local governments by reporting losses despite hundreds of millions of dollars in annual sales, The Wall Street Journal reported in early April. STREET RESEARCH: BMO Capital recently initiated Starbucks with an Outperform rating, citing what it sees as the company's many growth opportunities. Shares were also recently initiated at Guggenheim with a Buy rating and $56 target and with an Outperform rating and $56 target at Cowen. Goldman said Starbucks is its top pick in the sector and expects an in-line earnings report. Additionally, the firm expects Starbucks to comment on mobile ordering and the potential for traffic acceleration in the back half of the year and into 2016. Piper Jaffray raised its split-adjusted price target for shares of Starbucks to $55 from $53, which implies 16% upside from current levels. Piper's five-year model suggests the company's earnings double. The firm has an Overweight rating on the stock. Bernstein increased its price target on Starbucks as the firm estimates that falling coffee prices will add at least 3c-4c to the company's fiscal 2016 EPS. PRICE ACTION: Ahead of Thursday afternoon's earnings report, shares are up about 1.2% to $48.93.
12:06 EDTSBUXStreet Check: Goldman made good call on Dunkin' Brands
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April 22, 2015
14:57 EDTSBUXStarbucks April weekly volatility increases into Q2 and outlook
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05:58 EDTGMCRStocks with implied volatility above IV index mean; MNKD GMCR
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April 21, 2015
06:03 EDTGMCRStocks with implied volatility above IV index mean; MNKD GMCR
Stocks with implied volatility above IV index mean; MannKind (MNKD) 75, Keurig Green Mountain (GMCR) 52 according to iVolatility.
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