New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 31, 2012
16:07 EDTTEA, SBUXStarbucks closes Teavana acquisition
Starbucks Coffee (SBUX) announced that the company's planned acquisition of Teavana Holdings (TEA) has formally closed, making Teavana a wholly-owned subsidiary of Starbucks and the newest addition to Starbucks emerging brands portfolio, which also includes Evolution Fresh, La Boulange, Seattle's Best Coffee and Tazo. Starbucks acquired Teavana for an aggregate acquisition price of approximately $620M in cash and is expecting the acquisition to be accretive to earnings by approximately 1c per share in FY13, based upon the previously announced earnings targets. Teavana public stockholders of record will receive $15.50 per share in cash.
News For SBUX;TEA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 1, 2015
17:29 EDTSBUXGoogle cancelled location-tracking ad project, Fortune says
Earlier this year, Google (GOOG) cancelled a project that aimed to track Google Maps users and send notifications to their phones after entering the vicinity of certain retailers, allowing potential partners such as Starbucks (SBUX) or Walgreens (WBA) to automatically highlight loyalty programs or discounts when a customer entered the store, reports Fortune, citing people familiar with the project. The project, known as "Google Here," was shut down due to concerns of being overly invasive as well as doubts about whether retailers were interested in the project, said the report. Note that on June 8, Facebook (FB) expanded its test of business "beacons," allowing retail partners to "beam" information to customers via in-store devices. Reference Link
August 25, 2015
07:36 EDTSBUXStarbucks CEO tells workers to be nice to stock-stressed customers, Fusion says
Subscribe for More Information
August 19, 2015
06:12 EDTSBUXStarbucks K-cup momentum is accelerating, says UBS
UBS analyst Keith Siegner says Starbucks (SBUX) is seeing accelerating momentum in the single-serve cup category. The company's K-cup sales increased 36% year-over-year for the four-week period ended August 8, according to Nielsen (NLSN), Siegner tells investors in a research note. Starbucks' K-cup promotion levels ticked up sequentially, but remain well below levels from earlier in the year, the analyst points out. The company's K-Cup portfolio continues to gain share despite increasing price pressure and new market entrants like Dunkin' Brands (DNKN) and McDonald's (MCD), Siegner writes. He keeps a Buy rating on Starbucks with a $63 price target. The stock closed yesterday up 9c to $57.83. Shares of Keurig Green Mountain (GMCR) are down 62% year-to-date in part due to the company's slowing sales in the single-serve cup category.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use