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Stock Market & Financial Investment News

News Breaks
November 14, 2012
14:26 EDTSBUX, TEATeavana surges after report of potential Starbucks takeover
Teavana (TEA), a specialty tea retailer, spiked into positive territory following a report in the Atlanta Business Chronicle that said Starbucks (SBUX) could announce plans to acquire the company. The report, which cites a source, noted that rumors of a takeover bid from the coffee giant have circulated previously and added that an announcement of an acquisition may come from Starbucks as soon as Thursday. Shares of Teavana, which had been in negative territory for the majority of today's session, spiked higher and were up $2.75, or 27.15%, to $12.88 when shares were halted, pending news.
News For TEA;SBUX From The Last 14 Days
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October 8, 2015
18:29 EDTSBUXKFC, Chili's, Starbucks to accept Apple Pay in 2016, Reuters reports
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17:31 EDTSBUXStarbucks to accept Apple Pay shortly, Re/code says
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October 7, 2015
08:47 EDTSBUXOptions expected to be active
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October 6, 2015
18:58 EDTSBUXOn The Fly: After Hours Movers
DOWN AFTER EARNINGS: Yum! Brands (YUM), down 16.7%. ALSO LOWER: Advaxis (ADXS), down 25.3% following its report of a clinical hold of axalimogene filolisbac... ContraVir (CTRV), down 11.8% after filing to sell common stock and warrants... Adobe (ADBE), down 3.7% after providing growth target guidance for fiscal 2015 through fiscal 2018 and fiscal 2016 guidance... McDonald's (MCD), down 2%, Starbucks (SBUX), down 1.3% following Yum! Brands results.
17:46 EDTSBUXRestaurant stocks exposed to China slide after Yum Q3 results
Shares of restaurant stocks with exposure to China are sliding in the after-hours after Yum! Brands (YUM) reported third quarter financial results and guidance. WHAT'S NEW: Yum! Brands reported Q3 EPS of $1.00 and revenue of $3.43B, below analysts' respective expectations of $1.07 and $3.68B. Additionally, the restaurant company lowered its fiscal year 2015 EPS growth view to low-single-digit positive from its prior view of at least 10% growth. WHAT'S NOTABLE: Yum! Brands said it sees China FY15 same store sales low-single-digit negative. Yum! Brands provided the following statement on China sales: "While it remains difficult to forecast China sales, we are now estimating full-year same-store sales to be low-single-digit negative. For the fourth quarter, this assumes mid-single-digit same-store sales growth for the Division, with positive same-store sales growth at KFC and negative same-store sales at Pizza Hut Casual Dining. Given a slower-than-expected recovery in China sales, particularly at Pizza Hut Casual Dining, as well as stronger foreign exchange headwinds, we now expect full-year EPS growth to be low-single-digit positive." PRICE ACTION: Shares of Yum! Brands are down 17% to $69.40 in after-hours trading. OTHERS TO WATCH: Other restaurant stocks with exposure to China include McDonald's (MCD) and Starbucks Corporation (SBUX). McDonald's is lower by 2%, while Starbucks is down 1.5% in after-hours trading.
16:32 EDTSBUXStarbucks names Gerri Martin-Flickinger Chief Technology Officer
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October 1, 2015
11:53 EDTSBUXDunkin' Brands sinks after announcing plans to close 100 U.S. stores
Shares of Dunkin' Brands (DNKN), a franchisor of quick service restaurants specializing in coffee and baked goods, are falling after the company projected third quarter U.S. same-store sales that fell below the prior year period. Additionally, Dunkin' said it would close 100 stores in the U.S. in 2015 and 2016. WHAT'S NEW: This morning during its Investor & Analyst Day presentation, Dunkin' Brands repeated its adjusted earnings per share guidance for fiscal year 2015 of $1.87-$1.91, below analysts' consensus of $1.92. Revenue for the fiscal year is seen increasing 6%-8%, compared to the consensus of $808.07M. The company also repeated its FY15 Dunkin' Donuts U.S. SSS guidance of up 1%-3% and Baskin-Robbins U.S. SSS up 1%-3%. Looking further ahead, Dunkin' Brands said it is targeting up to 15% adjusted EPS growth over the next 5 years along with mid to high single digit revenue growth and 10%+ adjusted operating income growth. It's also targeting U.S. comps growth of 2%-4% over the next five years along with total net unit development of 4%-6%. WHAT'S NOTABLE: Dunkin' estimated that same-store sales will grow 1.1% in Q3 at its U.S. Dunkin' Donuts stores compared with a 2% increase in the year-ago period. Additionally, the company said it expects to close 100 Dunkin' Donuts U.S. stores in 2015 and 2016. Dunkin' noted that its gross openings forecast remains unchanged. PRICE ACTION: In late morning trading, Dunkin' Brands fell $5.34, or about 10.8%, to $43.71 on more than four times its average daily trading volume. Including today's pull back, the shares have lost approximately 1% over the past 12 months. OTHERS TO WATCH: Dunkin' Brands peers include Starbucks (SBUX) and Panera Bread (PNRA), which are down 0.1% and 1.05%, respectively.
September 30, 2015
17:30 EDTSBUXStarbucks is launching Mobile Order & Pay in the UK
Starbucks is launching Mobile Order & Pay in the UK, allowing customers to pre-order their favourite drinks and food in over 150 London stores and save time in the queue. The company said, "Rolling out from 1st of October, the new feature, available exclusively within the Starbucks App, offers customers greater convenience: the ability to customise their drink and food orders as well as time savings of up to 10-15 minutes. Using the App allows customers to order ahead from the Starbucks menu. Following confirmation, orders are immediately sent to the chosen local Starbucks store where baristas begin preparing the order and an approximate collection time is sent to the customer to pick up their order directly from their barista - skipping the queue. Users of the app are also rewarded with exclusive opportunities to earn Stars with the My Starbucks Rewards loyalty programme. The App has received a very positive response from customers in the United States where it has been available since December 2014. According to customer feedback, the App typically saves commuters and working people 10-15 minutes in their day; parents with young children find it easier to order ahead than stand in line, while speech and hearing-impaired customers have hailed the App as a 'game changer' in helping them to get their correct order, fast."
September 25, 2015
06:20 EDTSBUXStarbucks promises to raise wages in U.K. beginning in November, FT reports
Starbucks will raise its average wage in the U.K. beginning in November to just under GBP8 an hour, The Financial Times reports. Additionally, the company will offer interest-free loans to help staff members pay deposits on housing. Reference Link

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