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June 20, 2014
12:18 EDTKRFT, DNKN, SJM, SBUXStarbucks ups cost of packaged coffee, other products WSJ says
Starbucks is will increase prices for certain packaged coffee and other products in response to a spike in raw coffee expenses earlier this year that is now making its way to consumer wallets, according to The Wall Street Journal, citing comments from a company spokeswoman. J.M. Smucker (SJM) was the first large U.S, roaster to raise coffee prices when it announced a 9% price increase on its Folgers and Dunkin' Donuts (DNKN) packaged coffee. Kraft Foods (KRFT) followed their example a few days later with a 10% price increase on its Maxwell House and Yuban brands. Reference Link
News For SBUX;SJM;DNKN;KRFT From The Last 14 Days
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November 30, 2015
10:52 EDTDNKNDunkin' Brands announces plans for 14 new restaurants in Missouri
Dunkin' Donuts announced the signing of a multi-unit store development agreement with franchise group Berliner III, LLC to develop 14 new restaurants in St. Louis and two new locations in Kansas City over the next several years.
November 27, 2015
11:49 EDTSBUXDutch Finance Ministry appeals EU Starbucks tax directive, Reuters says
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November 24, 2015
08:58 EDTSJMJ.M. Smucker 3.9M share Spot Secondary priced at $121.00
Credit Suisse and Morgan Stanley acted as joint book running managers for the offering.
November 23, 2015
20:08 EDTSJMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Copart (CPRT), up 4.9%... Dycom (DY), up 4.6%... Palo Alto Networks (PANW), up 3.9%... Baozun (BZUN), up 6.7%. ALSO HIGHER: Xerox (XRX), up 6.7% after Carl Icahn reported a 7.13% stake in the company... Valeant (VRX), up 3.7% after Pershing Square increases stake in Valeant Pharmaceuticals to 9.9%. DOWN AFTER EARNINGS: Brocade (BRCD), down 5.5%... Ceres (CERE), down 10.3%... YY Inc. (YY), down 3.6%. ALSO LOWER: J.M. Smucker (SJM), down marginally after filing to sell 3.86M shares of common stock for holders.
17:36 EDTSJMJ.M. Smucker files to sell 3.86M shares of common stock for holders
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15:27 EDTSJMJ.M. Smucker downgraded to Neutral from Buy at Tigress Financial
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November 19, 2015
10:11 EDTSJMHigh option volume stocks
07:03 EDTSJMJ.M. Smucker reports Q2 US Retail Coffee sales $586.1M
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07:03 EDTSJMJ.M. Smucker sees FY16 non-GAAP EPS $5.70-$5.80, consensus $5.75
Sees FY16 adjusted non-GAAP EPS $6.85-$6.95. Sees FY16 revenue $6.9B, consensus $7.92B. Sees FY16 free cash flow $925M. Sees FY16 CapEx $220M. Included in the earnings guidance range is $25 million of synergies related to the Big Heart acquisition, of which $8 million has been realized through the first six months of the fiscal year. The net sales and earnings guidance reflects the projected impact of the previously announced canned milk divestiture on the Company's operating results, but excludes an estimated one-time gain of $0.10 to $0.15 per share related to the transaction, which is expected to close by December 31, 2015.
07:01 EDTSJMJ.M. Smucker reports Q2 non-GAAP EPS $1.62, consensus $1.51
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November 18, 2015
14:38 EDTSJMNotable companies reporting before tomorrow's open
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10:01 EDTDNKNDunkin' Brands testing on-the-go ordering, delivery service in select markets
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08:36 EDTSBUXStarbucks sees expanding gross margin in 2016
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08:20 EDTSBUXStarbucks sees no impact from economic weakness in China
Says lunch and afternoon offerings are increasingly relevant to customers. Says has started to roll out Evenings program in multiple stores. Says food makes up 20% of sales, up from 17% a few years ago. Says goal to have food make up 25% of sales. Says Morning Daypart sales up 22% over past five years. Says "a lot of opportunity" in lunch. Says breakfast sandwich sales have doubled over past three years. Says all comp growth in China is traffic. Says growing store portfolio in China at 30% per year clip. Sees no impact from economic weakness in China.
08:15 EDTSBUXStarbucks CFO: 1,500 stores in U.S. have Clover machines, up 50% y/y
Says 1,500 stores have Clover machines now in the U.S., up 50% year over year. Sees selling premium coffees in more international markets. Sees opening 500 larger-format reserve cafes. Says focusing on elevating tea presence in stores. Says Teavana brand driving revenue growth, contributing to comp growth. Plans to have Teavana in more Starbucks stores worldwide.
08:10 EDTSBUXStarbucks sees annual EPS growth of at least 15%
Sees annual revenue growth of about 10%. Says at mid-to-single digit comps each quarter. Says growing comps at 8%. Says playing "the long game." Says growth built on innovation, store experience. Says will see softness in topline unless it invests heavily in store experience. Says food is growing faster than beverage in U.S. stores. Says started to invest in "partner digital." Says customer-facing digital apps and technology is industry leading, though lagging behind in partner-facing digital technology. Says employee turnover is down. Comments taken from Morgan Stanley Global Consumer and Retail Conference.
07:19 EDTDNKN, SBUXDunkin' Donuts tests mobile ordering app, Bloomberg reports
Dunkin' Donuts, owned by Dunkin' Brands (DNKN), is aiming to play catch up to Starbucks (SBUX) by testing a mobile ordering and delivery service in certain U.S. markets, Bloomberg reports. Starting Wednesday, 124 Dunkin' locations in Portland, Maine, will let customers order ahead of time through an app, the report says. Roughly 19 cafes in Dallas are also testing the delivery, with additional locations in Atlanta, Chicago, L.A., and Washington coming soon, the report says. Reference Link
November 17, 2015
07:52 EDTSBUXMorgan Stanley to hold a conference
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November 16, 2015
17:02 EDTSBUXPoint72 added to lululemon position, subtracted from Netflix position
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12:04 EDTSJMJ.M. Smucker volatility elevated into Q2 and outlook
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