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Stock Market & Financial Investment News

News Breaks
November 20, 2012
13:15 EDTTEA, SBUXTeavana refutes short seller allegations, says teas safe
Teavana Holdings (TEA) issued the following statement in response to allegations made by certain short sellers: "Teavana’s teas undergo rigorous third-party testing on each batch of teas based on international food safety standards including European Union regulations, which are widely considered to be the most stringent in the world. Consistent with that, the Company has established internal procedures and comprehensive third party testing to ensure all tea is safe and within those guidelines. Teavana refutes the report’s conclusions. The group that published the report is a short-seller and may benefit financially from the allegations in the report. Teavana’s teas are safe and of the highest quality." The Fly notes that Glaucus Research claimed in a note to investors earlier today that independent laboratory tests indicated Teavana's teas contain pesticides. Glaucus also alleged that Starbucks' (SBUX) agreement to purchase Teavana was threatened by the findings.
News For TEA;SBUX From The Last 14 Days
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February 8, 2016
08:13 EDTSBUXStarbucks scopes out locations for large coffee center in NYC, NY Post reports
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07:39 EDTSBUXDiverse set of companies planning layoffs, pulling back spending, WSJ says
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05:27 EDTSBUXStocks with implied volatility movement; ADBE SBUX
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February 5, 2016
15:59 EDTSBUXOptions Update; February 5, 2016
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15:38 EDTSBUXStarbucks volatility increases as shares pull back
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12:26 EDTSBUXOptions with increasing implied volatility
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February 4, 2016
10:54 EDTSBUXDunkin' same-store sales fall amid increased competition
Dunkin' Brands (DNKN) reported higher than expected top and bottom line fourth quarter results this morning, but the company noted that same-store sales fell 0.8% for its flagship Dunkin' Donuts brand in the U.S. The company's same-store sales decline was in contrast to Starbucks (SBUX), which recently reported a comparable store sales increase in the U.S., and come after McDonald's (MCD) launched its "All-Day Breakfast" initiative. WHAT'S NEW: Dunkin' reported Q4 earnings per share of 52c, versus the consensus estimate of 50c. Its Q4 revenue came in slightly above expectations. However, the chain reported that its same-store sales slid 0.8% versus the same period a year earlier in its Dunkin' Donuts locations. The company provided fiscal 2016 earnings guidance that was in-line with expectations, excluding certain items. It expects its U.S. Dunkin' Donuts same-store sales to rise 0%-2% in fiscal 2016. In comparison, Starbucks reported that its Americas same-store sales jumped 9% in Q4. Of note, Dunkin' Brands raised its dividend by 13% to 30c per share. ANALYST REACTION: Dunkin's same-store sales came in below expectations, wrote Michael Gallo, an analyst at CL King. However, excluding a decline of 1.2 percentage points in sales of the company's K-cup offerings, the company's same-store sales were flat, he stated. McDonald's launch of all-day breakfast clearly negatively impacted Dunkin, as guest traffic at Dunkin's stores fell one percentage point, the analyst stated. Gallo kept a Buy rating on the shares but noted that he was placing his price target under review. PRICE ACTION: In late morning trading, Dunkin Brands shares gained 2% to $41.72.
07:06 EDTSBUXWaste Management to hold a forum
2016 Executive Sustainability Forum is being held in Scottsdale, AZ on February 4.
February 1, 2016
07:24 EDTSBUXEU's Vestager dismisses U.S. criticism of tax cases, Reuters says
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