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News Breaks
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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September 30, 2014
06:34 EDTSBUXStarbucks should be bought ahead of catalysts, says Piper Jaffray
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September 29, 2014
07:51 EDTSBUXDunkin' Brands CEO not worried about Tim Hortons-Burger King deal
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September 24, 2014
13:30 EDTSBUXStarbucks adds Russia locations as sanctions accumulate, Bloomberg says
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07:31 EDTSBUXStarbucks consolidation of Japan stake makes sense, says UBS
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September 23, 2014
17:17 EDTSBUXStarbucks sees Starbucks Japan acquisition accretive to FY15 non-GAAP results
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17:06 EDTSBUXStarbucks to purchase remaining 60.5% share of Starbucks Japan for $913.5M
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06:28 EDTSBUXStarbucks developing stout beer-flavored latte, Reuters says
Starbucks is in the process of testing a new "dark barrel latte" throughout a few of its locations in Ohio in Florida, according to Reuters, citing comments from a company spokeswoman. The spokeswoman said that the coffee chain isn't releasing any data yet on when exactly the beverage will be available. Reference Link

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