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December 6, 2012
13:18 EDTSBUXStarbucks to pay GBP10M in taxes to U.K. in 2013, 2014, Dow Jones reports
Starbucks (SBUX) will pay about GBP10M in taxes to the U.K. in each of the next two years, Starbucks U.K. managing director Kris Engsko said, according to Dow Jones. Reference Link
News For SBUX From The Last 14 Days
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April 24, 2014
16:10 EDTSBUXStarbucks now sees FY14 EPS $2.62-$2.68, consensus $2.66
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16:08 EDTSBUXStarbucks reports total company store count across all brands grew to 20,519
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16:07 EDTSBUXStarbucks reports Q2 EPS 56c, consensus 56c
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15:26 EDTSBUXNotable companies reporting after market close
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15:21 EDTSBUXStarbucks April volatility increases into Q2 and outlook
Starbucks April call option implied volatility is at 83, May is at 27, June is at 24, July is at 22; compared to its 26-week average of 23 according to Track Data, suggesting large June near term price movement into the expected release of Q2 results today after the market close.
15:21 EDTSBUXStarbucks technical notes ahead of earnings
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15:14 EDTSBUXStarbucks April weekly 70 straddle priced for 3.3% move into Q2
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April 23, 2014
12:51 EDTSBUXOn The Fly: Midday Wrap
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12:38 EDTSBUXEarnings Preview: Starbucks sees FY14 EPS growth 18%-22%, revenue growth of 10%
Starbucks (SBUX) is scheduled to report second quarter results after the market close on Thursday, April 24, 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 56c on revenue of $3.95B, according to First Call. The consensus range for EPS is 54c-60c on revenue of $3.91B-$4.05B. LAST QUARTER: Starbucks reported first quarter EPS of 71c against estimates for 69c on revenue of $4.2B against estimates for $4.29B. Starbucks said global comparable store sales increased 5%, driven by a 4% increase in traffic. Looking ahead, the company forecast Q2 EPS 54c-55c, third quarter EPS 64c-66c, fourth quarter EPS 70c-75c and fiscal year 2014 EPS $2.59-$2.67 against estimates of $2.66. Starbucks sees FY14 revenue growth of 10% or greater against estimates for $16.57B and sees FY14 global comparable store sales growth in the mid single digits. NEWS: In its Q1 earnings report, Starbucks forecast consolidated operating margin improvement of approximately 150-200 basis points in FY13 over the previous fiscal year. The company said it planned to add approximately 1,500 net new stores in 2014. During the quarter, Starbucks said that Chief Executive Officer Howard Schultz would focus on innovations in coffee and tea, as well as various technology and loyalty initiatives, while the day-to-operations of the company would be overseen by Troy Alstead, who was promoted to a newly created Chief Operating Officer role from the Chief Financial Officer role. Starbucks senior VP of Corporate Finance, Scott Maw, was promoted to executive VP and Chief Financial Officer. The company recently forecast FY14 EPS growth of 18%-22% on revenue growth of 10%. The company is targeting 15%-20% long-term EPS growth. At the company's annual meeting of shareholders, Schultz said he believes Starbucks is "at least" a $100B market capitalization company and that the company is in the "early innings of growth." Alstead said China and Asia Pacific is the company's fastest-growing region. During the quarter, Starbucks amended its agreement with Keurig Green Mountain (GMCR) and partnered with Oprah Winfrey for tea. Globes reported that Starbucks is in advanced talks to buy a 10% stake in SodaStream (SODA) at a company value of $1.1B. STREET RESEARCH: Buckingham views the deal with Keurig Green Mountain as a "positive event," as it provides Starbucks an opportunity for better margins. Piper Jaffray sees "virtually no risk" to Starbucks from higher coffee prices as the company is locked through the first quarter of 2015. Morgan Stanley said weakness in Starbucks due to concerns of decelerating comps and higher coffee prices is overdone. Oppenheimer believes that the recent increases in coffee prices are "manageable" for Starbucks, but have "put a major strain" on its ability to outperform 2015 expectations. PRICE ACTION: Over the last three months, Starbucks shares are down over 3.5%. Year-to-date, shares are down almost 10%
11:36 EDTSBUXSodaStream surges after website says Starbucks close to buying stake
Shares of SodaStream (SODA) are jumping after Israeli website Globes reported that the company is in advanced talks to sell a 10% stake in itself to Starbucks (SBUX). Israel-based SodaStream markets at-home soda makers. WHAT'S NEW: Starbucks is in advanced talks about buying a 10% stake in SodaStream in a deal that would value the Israeli company at $1.1B, Globes reported today. That valuation would represent a 30% premium over the company's price as of earlier today, the Israeli website added. An official announcement of the deal will be made soon, Globes quoted unnamed sources close to the deal as saying. WHAT'S NOTABLE: Last week, another Israeli website, Hebrew language Calcalist, reported that SodaStream was in talks to sell a 10%-16% stake in itself to a strategic buyer at a company valuation of $1.1B. PepsiCo (PEP), Dr Pepper Snapple (DPS), and Starbucks may have held talks with SodaStream about the matter, Calcalist previously stated. PRICE ACTION: In late morning trading, SodaStream jumped $4.45, or 11%, to $44.88.
11:22 EDTSBUXSodaStream in advanced talks with Starbucks on 10% stake sale, Globes says
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11:21 EDTSBUXSodaStream in advanced talks with Starbucks on 10% stake sale, Globes says
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07:40 EDTSBUXStarbucks set to open Los Angeles La Boulange bakery, Reuters says
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April 21, 2014
06:44 EDTSBUXCompetitors gaining ground on McDonald's breakfast market, WSJ says
McDonald's (MCD) faces increased competition from Yum Brands' (YUM) new Taco Bell breakfast menu as well as Burger King (BKW), Dunkin' Brands (DD), Starbucks (SBUX), and White Castle's renewed efforts to gain ground in the breakfast market, reports the Wall Street Journal. Reference Link
April 16, 2014
12:47 EDTSBUXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as the earnings season picks up steam. Stocks began the session sharply higher, with the market attempting to extend the rally that began on Monday. The move upward comes in spite of the dayís housing data coming in below expectations. This afternoon, investors will be watching the Fedís Beige Book report in hopes it provides evidence that the economy is strengthening. ECONOMIC EVENTS: In the U.S., housing starts in March were up 2.8% from the prior month to a rate of 946K, versus expectations for an increase of 7%. Building permits were down 2.4% to a 990K rate, versus expectations for a decline of 0.4%. Industrial production rose 0.7% in March, which was ahead of the 0.5% forecast. The Fedís Beige Book report, which includes anecdotal reports on business conditions in the various Fed districts, is due out at 2:00 pm ET. In China, data showed its economy grew 7.4% in the first quarter from a year earlier, providing relief after recent signs that growth in the world's second largest economy has been slowing. COMPANY NEWS: Shares of Bank of America (BAC) were down over 2% near midday after the company reported a first quarter loss of 5c per share, which was influenced by $6B in legal charges. The $6B in litigation expense, which was related to a previously announced settlement with the Federal Housing Finance Agency and added reserves for other legacy mortgage-related matters, hurt the banks earnings by about 40c per share... Yahoo (YHOO) rose more than 6% after reporting first quarter profit and sales last night that beat expectations. A great deal of attention was also paid to the 66% year-over-year increase in revenue reported by Alibaba, the Chinese group of e-commerce sites in which Yahoo has a 24% stake. This morning, Wells Fargo upgraded its rating on Yahoo to Outperform from Market Perform and raised its price target range for shares to $45-$47 from $38-$40, while Jefferies assumed coverage of Yahoo and also raised its rating on the stock. MAJOR MOVERS: Among the notable gainers was SodaStream (SODA), which surged 9% after an Israeli website said that the company was in talks to sell a 10% or greater stake to a big name company such as PepsiCo (PEP), Dr Pepper Snapple (DPS), or Starbucks (SBUX). Also higher was drugmaker Zogenix (ZGNX), which gained nearly 10% after confirming that a judge prevented a ban on sales of the company's Zohydro pain medication in Massachusetts. Among the noteworthy losers was Agnico Eagle Mines (AEM), which fell 7.5% after agreeing to jointly acquire Osisko Mining in partnership with Yamana Gold (AUY). Yamana shares were also down 3%. Also lower following their earnings reports were ADTRAN (ADTN), which fell nearly 6%, and CSX (CSX), which dropped about 3%. INDEXES: Near midday, the Dow was up 124.14, or 0.76%, to 16,386.70, the Nasdaq was up 37.86, or 0.94%, to 4,072.02, and the S&P 500 was up 13.52, or 0.73%, to 1,856.50.
10:49 EDTSBUXSodaStream rallies following report of talks to sell stake to American company
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08:49 EDTSBUXSodaStream investment report 'unsubstantiated and unlikely,' says Stifel
Stifel said it views the report in Israel-based Calcalist that SodaStream (SODA) was in talks with a large partner like PepsiCo (PEP), Dr. Pepper (DPS), or Starbucks (SBUX) for a 10%-16% strategic stake as "unsubstantiated and unlikely." Stifel noted that the publication reported falsely in the past that PepsiCo was going to purchase SodaStream and the firm maintained its Sell rating on SodaStream shares. Note that SodaStream shares are up nearly 12% in pre-market trade following Calcalist's report.
06:38 EDTSBUXStarbucks to relocate EU headquarters to Britain, U.K. Times says
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April 15, 2014
06:52 EDTSBUXJuan Valdez profit sparks IPO goal as chain takes on Starbucks, Bloomberg says
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April 14, 2014
07:59 EDTSBUXStarbucks volatility increases from historic low levels into Q2 and outlook
Starbucks April call option implied volatility is at 24, May is at 27, June is at 24, July is at 22; compared to its 26-week average of 23 according to Track Data, suggesting large June near term price movement into the expected release of Q2 results after the market close on April 24.
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