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News Breaks
July 22, 2014
06:43 EDTMCD, BKW, SBUXChina food scandal expands, ropes-in Starbucks, others, Reuters says
Starbucks (SBUX) and Burger King Worldwide (BKW) are the latest companies to be dragged in to China's food scandal that is quickly expanding and could affect McDonald's (MCD) products as far away as Japan, reported Reuters, citing a McDonald's Tokyo-based spokesman, a statement from Starbucks on its Chinese microblog site and a Weibo statement from Burger King. Reference Link
News For SBUX;BKW;MCD From The Last 14 Days
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July 23, 2015
12:44 EDTSBUXEarnings Watch: Starbucks sees Q3 adjusted EPS 40c-41c
Starbucks (SBUX) is scheduled to report third quarter results after the market close on Thursday, July 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 41c on revenue of $4.86B, according to First Call. The consensus range for EPS is 40c-42c on revenue of $4.75B-$4.96B. In April, Starbucks forecast Q3 adjusted EPS of 40c-41c, Q4 adjusted EPS of 42c-43c, and backed its fiscal year 2015 adjusted EPS view of $1.55-$1.57, against estimates at that time for $1.57. The company also backed its FY15 revenue growth view of 16%-18%, with global comparable store sales growth of mid-single digits, consolidated tax rate of approximately 31% and capital expenditures of approximately $1.4B. LAST QUARTER: Starbucks reported second quarter EPS of 33c, in-line with analysts' estimates, on revenue of $4.6B, beating analysts' estimates of $4.53B. Starbucks said global comparable store sales increased 7%, with a 3% increase in traffic. Americas comp sales increased 7%, with a 2% increase in traffic; CAP comp sales increased 12%, driven by a 10% increase in traffic; EMEA comp sales increased 2%, driven by a 2% increase in traffic. NEWS: At May's Bernstein Annual Strategic Decisions Conference, Starbucks said mobile payments are exceeding expectations, and CEO Howard Schultz noted that "I'm not going anywhere." During the quarter, Starbucks announced plans to raise drink prices by 5c-20c and announced a music partnership with Spotify. The company said it will close all 23 La Boulange retail locations, as La Boulange stores "are not sustainable for the company's long-term growth." Starbucks Mobile Order & Pay, which began as a pilot in Portland in December 2014 and launched in the Pacific Northwest in March 2015, expanded to stores in 21 more states in the southern and central United States in June. Starbucks announced plans to join with over a dozen companies, including CVS Health (CVS), Microsoft (MSFT) and Wal-Mart (WMT), to hire 100,000 16-to-24-year-olds as part- and full-time employees, interns and apprentices by 2018. STREET RESEARCH: On the day after its last earnings report, UBS raised its price target on Starbucks shares to $57 from $48, calling it "best-in-class" due to strong momentum and promising pipeline of innovation across both product and strategic programs. BMO Capital said it expects the company to exceed expectations over the next several years, and it kept an Outperform rating on the shares. BTIG recently initiated Starbucks with a Buy rating and $64 target. PRICE ACTION: Ahead of Thursday afternoon's earnings report, shares are down 0.4% to $56.47.
12:32 EDTMCDOn The Fly: Top stock stories at midday
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11:28 EDTMCDMcDonald's sees foreign exchange to negatively impact FY15 EPS by 45c
McDonald's sees foreign exchange to negatively impact Q3 EPS by 14c-16c.
11:25 EDTMCDMcDonald's says will make dividend announcement in November
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11:23 EDTMCDMcDonald's says took U.S. price increase at end of May
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11:18 EDTMCDMcDonald's reiterates plan to return $8B-$9B to shareholders in 2015
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11:16 EDTMCDMcDonald's sees net addition of about 300 restaurants in 2015
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11:04 EDTMCDMcDonald's sees positive global comparable sales in Q3
McDonald's President and CEO Steve Easterbrook said earlier that the company has made "meaningful progress" since announcing the initial steps of its turnaround plan in early May. "To position the business for long-term growth, we've undergone significant organizational change and are streamlining our global resources to improve our efficiency and effectiveness. While our second quarter results were disappointing, we are seeing early signs of momentum. Looking ahead to third quarter, we expect positive global comparable sales led by growth in our newly-created International Lead Market segment and China's continuing recovery from the 2014 APMEA supplier issue," Easterbrook added.
10:53 EDTSBUXStarbucks technical notes ahead of earnings
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08:00 EDTMCDMcDonald's reports Q2 global comparable sales down 0.7%
Reports Q2 global comparable sales down 0.7%, reflecting negative guest traffic in all major segments. Reports Q2 US comparable sales down 2%, reflecting negative guest traffic as the featured products and promotions did not achieve expected consumer response amid ongoing competitive activity. Reports Q2 Europe comparable sales up 1.2% driven by solid performance in the U.K. and Germany, partly offset by negative results in France. Reports Q2 APMEA comparable sales down 4.5%, primarily due to the impact of prolonged, broad-based consumer perception issues in Japan along with negative performance in China and other Asian markets, partly offset by strong performance in Australia.
07:59 EDTMCDMcDonald's reports Q2 EPS $1.26, consensus $1.24
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06:06 EDTSBUXStarbucks teams up with Lyft to boost loyalty program
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July 22, 2015
15:26 EDTMCDNotable companies reporting before tomorrow's open
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13:51 EDTMCDMcDonald's technical comments before results
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13:36 EDTSBUXStarbucks July weekly volatility elevated into Q3 and outlook
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13:19 EDTMCDEarnings Watch: McDonald's to report Q2 earnings as company seeks revival
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08:25 EDTMCDMcDonald's July weekly volatility elevated into Q2 and outlook
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July 21, 2015
18:29 EDTMCDMcDonald's may offer all-day breakfast nationwide in October, WSJ reports
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17:04 EDTSBUXStarbucks and New York Times sign agreement
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July 20, 2015
08:24 EDTMCDMcDonald's U.S. outlook improving, says RBC Capital
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