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Stock Market & Financial Investment News

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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July 24, 2014
16:13 EDTSBUXStarbucks sees FY14 operating margin up 200 bps over FY13
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16:12 EDTSBUXStarbucks reports Q3 operating margin up 200bps to 18.5%
Primarily driven by sales leverage. The company opened 344 net new stores globally, ending the quarter with 20,863 stores across 64 countries.
16:11 EDTSBUXStarbucks sees FY15 adjusted EPS growth of 15%-20% over FY14
FY15 consensus $3.16. Sees FY15 revenue growth of 10% or greater, consensus $18.25B. Sees FY15 Global comparable store sales growth in the mid single digits. Sees FY15 additional 1,600 net new stores globally.
16:09 EDTSBUXStarbucks sees FY14 net new stores approximately 1,550
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16:08 EDTSBUXStarbucks sees FY14 EPS $2.70-$2.72, consensus $2.67
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16:08 EDTSBUXStarbucks sees Q4 EPS 76c-78c, consensus 74c
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16:06 EDTSBUXStarbucks reports Q3 EPS 67c, consensus 66c
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15:29 EDTSBUXNotable companies reporting after market close
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13:53 EDTSBUXStarbucks July weekly 80 straddle priced for 3.4% move into Q3
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12:56 EDTSBUXEarnings Preview: Starbucks sees FY14 EPS up 20%-22%
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12:30 EDTSBUXStarbucks technical notes ahead of earnings
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11:24 EDTSBUXStarbucks July weekly volatility increases into Q3 and outlook
Starbucks July weekly call option implied volatility is at 85, August is at 23, October and January is at 18; compared to its 26-week average of 22 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results today after the market close.
06:51 EDTSBUXChina investigates 581 companies, restaurants as scandal broadens, Reuters says
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July 23, 2014
18:25 EDTSBUXStarbucks launches first of three stores in Hanoi
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06:48 EDTSBUXFive people detained regarding China meat scandal investigation, Reuters says
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July 22, 2014
18:02 EDTSBUXStarbucks plans 260 store openings in Japan, Nikkei says
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06:43 EDTSBUXChina food scandal expands, ropes-in Starbucks, others, Reuters says
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July 21, 2014
12:17 EDTSBUXStarbucks July weekly volatility elevated into Q3 and outlook
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11:00 EDTSBUXStarbucks China says one of its suppliers got meat from Husi, Bloomberg reports
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July 18, 2014
06:37 EDTSBUXStarbucks to test mobile phone ordering, Re/code reports
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