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July 25, 2014
05:53 EDTSBUXStarbucks price target raised to $88 from $84 at Jefferies
Jefferies raised its price target for Starbucks shares to $88 citing strong core business momentum following the company's Q3 results. The firm keeps a Buy rating on the stock.
News For SBUX From The Last 14 Days
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December 1, 2015
10:37 EDTSBUXTaylor Farms Pacific recalls products with celery that may include E. coli
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06:59 EDTSBUXPiper remains a buyer of Starbucks with $72 price target
After speaking with management, Piper Jaffray analyst Nicole Miller Regan says Starbucks is well-positioned to continue driving strong same-store sales trends in its current Q1. The analyst is encouraged that the coffee giant has already locked in around 90% of its FY16 coffee needs. Her projections through the FY19 continue to suggest a near doubling of the company's earnings. Regan remains a buyer of Starbucks with an Overweight rating and $72 price target.
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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