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January 24, 2013
12:43 EDTSBUXEarnings Preview: Starbucks sees FY13 EPS $2.06-$2.15, 10-%13% revenue growth
Starbucks (SBUX) is scheduled to report Q1 after the market close on Thursday, January 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 EPS of 57c on revenue of $3.84B, according to First Call. The consensus range for EPS is 55c-59c on revenue of $3.79B-$3.91B... LAST QUARTER: Starbucks reported Q4 EPS of 46c, including charges of 2c per share related to store portfolio optimization initiatives in Europe, against estimates for 45c on revenue of $3.36B against estimates for $2.28B. The company raised its FY13 EPS view to $2.06-$2.15 against estimates of $2.16 and said it was targeting 10%-13% revenue growth driven by mid-single-digit comparable store sales growth, approximately 1,300 net new store openings and continued strong growth in the Channel Development business. The company also forecast FY operating margin improvement of approximately 100bps over FY12. Additionally, the company raised its dividend 24% to 21c from 17c. During the quarter, Starbucks announced the acquisition of Teavana (TEA) for $15.50 per share, or $620M; the acquisition was closed on December 31. Starbucks also announced its entry into the Vietnam market and started selling Square's mobile readers in its U.S. stores... STREET RESEARCH: Cleveland Research believes Starbucks Q1 comps are trending above consensus due to stronger traffic, favorable coffee costs, and cost savings initiatives. Wells Fargo noted that according to Nielsen, Starbucks K-Cups sales increased 4.0% sequentially while its share of K-Cups decelerated to 16.4% from 17.4% for the four weeks ending December 22, 2012. The firm noted Starbucks' share of the Ground Coffee category was 24.8% for the period, up from 23.1% in November... PRICE ACTION: Over the last three months, Starbucks shares hare up over 20%. Year-to-date, shares are up almost 2%.
News For SBUX From The Last 14 Days
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November 27, 2015
11:49 EDTSBUXDutch Finance Ministry appeals EU Starbucks tax directive, Reuters says
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November 18, 2015
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 EDTSBUXDunkin' 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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