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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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August 25, 2015
07:36 EDTSBUXStarbucks CEO tells workers to be nice to stock-stressed customers, Fusion says
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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.
August 18, 2015
06:08 EDTSBUXStarbucks to start selling wine, beer at some stores this week, USA Today says
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