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June 20, 2014
12:18 EDTSJM, KRFT, DNKN, 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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October 1, 2015
10:48 EDTDNKNDunkin' Brands drops sharply, holds a line at $44
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10:11 EDTDNKNHigh option volume stocks
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08:57 EDTDNKNDunkin' Brands targeting U.S. comps up 2%-4% over next five years
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08:56 EDTDNKNDunkin' Brands targeting up to 15% adjusted EPS growth over next 5 years
Over the next five years, targeting mid to high single digit revenue growth, 10%+ adjusted operating income growth, up to 15% adjusted EPS growth.
08:55 EDTDNKNDunkin' Brands repeats FY15 adjusted EPS view $1.87-$1.91, consensus $1.92
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September 30, 2015
17:30 EDTSBUXStarbucks is launching Mobile Order & Pay in the UK
Starbucks is launching Mobile Order & Pay in the UK, allowing customers to pre-order their favourite drinks and food in over 150 London stores and save time in the queue. The company said, "Rolling out from 1st of October, the new feature, available exclusively within the Starbucks App, offers customers greater convenience: the ability to customise their drink and food orders as well as time savings of up to 10-15 minutes. Using the App allows customers to order ahead from the Starbucks menu. Following confirmation, orders are immediately sent to the chosen local Starbucks store where baristas begin preparing the order and an approximate collection time is sent to the customer to pick up their order directly from their barista - skipping the queue. Users of the app are also rewarded with exclusive opportunities to earn Stars with the My Starbucks Rewards loyalty programme. The App has received a very positive response from customers in the United States where it has been available since December 2014. According to customer feedback, the App typically saves commuters and working people 10-15 minutes in their day; parents with young children find it easier to order ahead than stand in line, while speech and hearing-impaired customers have hailed the App as a 'game changer' in helping them to get their correct order, fast."
13:23 EDTDNKNDunkin' Brands volatility elevated into investor meeting
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September 28, 2015
10:28 EDTDNKNDunkin' Brands to host investor and analyst day
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September 25, 2015
16:43 EDTSJMKKR no longer holds stake in Smucker, lost right to designate board observer
On September 21, The J. M. Smucker Company (SJM) entered into an underwriting agreement, dated as of September 21, with Blue Holdings and Morgan Stanley with respect to a registered underwritten public offering of 8.28M shares of the company's common shares, to be sold by the selling shareholder. The common shares sold by the selling shareholder represent 100% of the ownership interests attributable to affiliates of Kohlberg Kravis Roberts (KKR). The secondary offering was completed on September 25. Upon completion of the secondary offering, KKR ceased to be the beneficial owner of any of the common shares and lost its right to designate a board observer.
07:30 EDTDNKNDunkin' Brands risk/reward favorable on pullback, says Credit Suisse
Credit Suisse expects Dunkin' Brands annual investor day on October 1st to serve as a positive catalysts and remind investors of healthy franchisee demand for the brand. Analyst Jason West said shares have fallen 15% since Q2 results in July and would use the pullback as an opportunity to buy this higher quality growth story. The analyst rates shares and Outperform with a $58 price target
06:20 EDTSBUXStarbucks promises to raise wages in U.K. beginning in November, FT reports
Starbucks will raise its average wage in the U.K. beginning in November to just under GBP8 an hour, The Financial Times reports. Additionally, the company will offer interest-free loans to help staff members pay deposits on housing. Reference Link
September 24, 2015
09:32 EDTSBUXActive equity options trading on open
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05:22 EDTSBUXStocks with implied volatility below IV index mean; LULU SBUX
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September 23, 2015
09:18 EDTSBUXPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
07:51 EDTSBUXStarbucks fails to provide better labor practices, NY Times reports
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September 22, 2015
12:22 EDTSJMConAgra falls after Q1 revenue significantly misses estimates
Shares of packaged food company ConAgra (CAG) are falling after the company's first quarter revenue fell significantly short of analysts' consensus estimates. WHAT'S NEW: This morning, ConAgra reported Q1 adjusted earnings per share of 45c, ahead of the consensus of 40c, and revenue of $2.79B, well short of expectations of $3.67B. ConAgra reported Q1 Consumer Foods sales of approximately $1.7B and Commercial Foods segment sales of $1.1B. The divestiture process for the private label operations is proceeding as planned, and the company expects to have an announcement on the outcome of this process later this fall. The company will assess opportunities to increase the dividend after it is further along with the strategic plan outlined at the end of fiscal 2015. WHAT'S NOTABLE: Looking ahead to Q2, the company expects diluted EPS, adjusted for items impacting comparability, to be approximately in line with year-ago comparable amounts, compared to consensus of 63c. Despite strong fundamentals and expectations for continued margin expansion, comparable operating profits for the Consumer Foods segment in the fiscal second quarter are expected to be negatively impacted by foreign exchange, as well as a planned increase in marketing investment. Profits for the Commercial Foods segment are expected to post an increase in profitability year-over-year in the fiscal second quarter. Expected contribution from the private label operations, which are now in discontinued operations, is included in this guidance. On its Q1 conference call, ConAgra said its private brands divestiture was "on track" and there was "a lot of interest" in it. Management noted that they were "aggressively" pursuing maximizing actions and making "good progress" on margin improvement efforts. They said they were committed to an investment grade rating, marketing investments will increase throughout the year, and results from the last six months indicate positivity going forward. They said the company took a $1.95B charge on private label business in Q1, but remain confident that they will realize a tax benefit from the capital loss. PRICE ACTION: In early afternoon trading, ConAgra fell $2.39, or about 5.64%, to $40.01 on heavy trading volume. Despite the pull back, the shares have gained approximately 19% over the past 12 months. OTHERS TO WATCH: Other companies in the packaged foods space include Boulder Brands (BDBD), down 0.5%, Pinnacle Foods (PF), down 2.5%, General Mills (GIS), up 0.6%, JM Smucker (SJM), down 3%, and TreeHouse Foods (THS), down 0.4%.
08:39 EDTSJMJ.M. Smucker 8.277M share Spot Secondary priced at $114.00
Morgan Stanley acted as sole book running manager for the offering.
05:24 EDTSBUXStarbucks announces availability of Mobile Order & Pay nationwide
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September 21, 2015
19:03 EDTSJMOn The Fly: After Hours Movers
HIGHER: Transenterix (TRXC), up 7.14% after acquiring the surgical robotics division of SOFAR S.p.A for $99.8M... Solera Holdings (SLH), higher by 3.56% after a report that IHS (IHS) is exploring a counteroffer for the company... Core-Mark Holding Company (CORE), up 3.93% after joining the S&P 600. DOWN AFTER EARNINGS: Thor Industries (THO), down 4.16%... ALSO LOWER: Memorial Resource Development Corp. (MRD), down 4.26% after filing to sell 10.25M shares of common stock... Intra-Cellular Therapies (ITCI), down 1.73% after filing to sell $300M of common stock... The J. M. Smucker Company (SJM), down 1.75% after filing to sell 8.28M shares of common stock for holders.
17:28 EDTSJMJ.M. Smucker files to sell 8.28M shares of common stock for holders
Morgan Stanley will act as the sole underwriter for the offering.
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