SBUX - Starbucks Corporation
| Previous Close | 83.60 |
| Open | 83.75 |
| Bid | 0.00 x 4000 |
| Ask | 0.00 x 3200 |
| Day's Range | 81.76 - 84.03 |
| 52 Week Range | 60.42 - 99.72 |
| Volume | 7,279,522 |
| Avg. Volume | 6,420,035 |
| Market Cap | 97.196B |
| Beta (3Y Monthly) | 0.52 |
| PE Ratio (TTM) | 28.18 |
| EPS (TTM) | 2.92 |
| Earnings Date | Jan. 28, 2020 |
| Forward Dividend & Yield | 1.64 (1.95%) |
| Ex-Dividend Date | 2019-11-12 |
| 1y Target Est | 94.31 |
- Yahoo Finance
Competition in retail has become a zero-sum game: Morning Brief
Top news and what to watch in the markets on Thursday, November 21, 2019.
- Business Wire
Starbucks to Participate at the Morgan Stanley Global Consumer & Retail Conference
Starbucks Corporation today announced that Patrick Grismer, chief financial officer, will participate at the Morgan Stanley Global Consumer & Retail Conference in New York on Tuesday, December 3, 2019 at 8:00 a.m.
- Bloomberg
Nestle Sees $250 Million Boost for Starbucks Products
(Bloomberg) -- Nestle SA expects to get about a quarter of a billion dollars in extra revenue from Starbucks-branded products this year after it began selling items including Nespresso-compatible capsules under a partnership with the U.S. coffee giant.Starbucks-branded merchandise will add about 250 million Swiss francs ($252 million) to sales this year, a spokesman said Tuesday in response to questions. Last year, Nestle paid more than $7 billion for licenses to use the Starbucks brand for products sold in grocery stores.The move has given a boost to Nespresso, where growth has eased due to competition from cheap imitation pods. Nestle has been hesitant to offer its coffee brand’s capsules in supermarkets because it prefers to keep control over how they’re sold. However, the Swiss company has been using the Starbucks tie-up as an avenue into grocery aisles.The alliance could help Nespresso return to annual revenue growth exceeding 10%, Patrice Bula, chairman of the brand, said in February. As part of the agreement, the world’s largest food company took over a $2 billion business that made Starbucks products for grocery stores.Nestle plans to add 10 more markets next year for the products, including Argentina, Colombia and Panama, which would bring the total to 50. The company will introduce Starbucks-branded soluble coffee next year and expand sales of the broader range to offices and hotels. (Updates last paragraph to include detail on expanded sales. An earlier version of this story corrected details of product in last paragraph.)To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance
Luckin Coffee will be larger than Starbucks in China before 2020: CFO
Luckin Coffee's stock has been on fire of late. Yahoo Finance speaks with Luckin Coffee CFO Reinout Schakel about the company's plans.
- Zacks
Federal Realty Acquires Brooklyn's Georgetowne Shopping Center
Amid choppy retail real estate market, Federal Realty (FRT) is aimed at long-term value accretion through its remerchandising, redevelopment efforts and strategic acquisitions.
- Thomson Reuters StreetEvents
Edited Transcript of SBUX earnings conference call or presentation 30-Oct-19 9:00pm GMT
Q4 2019 Starbucks Corp Earnings Call
- Yahoo Finance
Starbucks’ open bathroom policy may be hurting foot traffic, new study finds
Starbucks' changes to its bathroom policy appear to be impacting foot traffic for the coffee giant.
- Bloomberg
How Amazon’s Klutzy Politicking Backfired in Seattle
(Bloomberg Opinion) -- For a company that is so good at so many things, Amazon is remarkably bad at politics.Exhibit A is the latest debacle in its hometown of Seattle, where the company’s push to seat a more politically moderate city council backfired. Campaign cash aimed at producing a less tax-happy council triggered the opposite result and turned a socialist headed for defeat into a martyr.Amazon has never been known for subtlety. The $1.45 million it spread around in political contributions to City Council candidates not only set a record, but also changed the trajectory of the election. Polls showed that voters who were poised to replace some leftist council members changed course. After Amazon’s donations became public, they elected five of seven candidates opposed by a business coalition. One of them was Councilmember Kshama Sawant of the Socialist Alternative party, who declared her come-from-behind re-election victory in front of a giant red sign that declared, “Tax Amazon.” Which the newly Amazon-unfriendly council almost certainly will do.Amazon employs 54,000 people in Seattle and owns or occupies 47 buildings there. That’s made the city seem like the biggest company town in the U.S., and has probably blinded Amazon’s leaders to the angst and tumult they’ve unleashed in a place that’s become both more prosperous and less livable.Sawant, who managed less than 40% of the vote in the August primary, went so far as to call Jeff Bezos, Amazon’s founder and chief executive, “our enemy,” and described her victory as a win for working people against the world’s richest man.“Amazon overplayed their hand,” said Egan Orion, the candidate who lost to Sawant. “I wasn’t able to make my closing arguments. There was so much noise.”Once Amazon donated in such a big way, the race became nationalized. Senators Elizabeth Warren and Bernie Sanders, the presidential candidates vying for the hearts of the Democratic Party’s left flank, chimed in via Twitter to trash the Amazon contributions.Here’s what Warren had to say:Here’s Sanders:Another winner, Tammy Morales, favors a bevy of local tax options to raise money for homeless services, housing and other needs. Her list includes revisiting an employee head tax similar to one Amazon successfully fought in 2018, plus a local estate tax and a tax on high salaries dubbed an “excess compensation tax.”Amazon has been trying to fine-tune its relationship with Seattle for years, and concern about relations with the City Council was among the reasons it announced in 2017 that it was looking for a second headquarters location — another endeavor that showcased the company’s limited political skills.That contest blew up in New York City when politicians and others protested the size of an Amazon enticement package — up to $3 billion in tax breaks and other incentives.In Seattle, Amazon had mostly maintained a quiet political presence until May 2018, when the City Council passed the Amazon Tax on larger companies, a head tax of $275 per employee.Amazon promptly announced that it would stop construction on one of its new buildings if the tax were imposed.The council then hastily repealed it when polls showed it could harm the council at the next election — the contest that ended so disastrously for the company this month.Starbucks, also headquartered in Seattle, took a different approach, donating a much smaller sum to the business campaign. A Starbucks executive also sent a letter to employees urging a vote for unspecified “change” and invited the public to have a cup of coffee. This was a subtle, defter move, in part because it was hard to tell exactly what the company was saying.At this juncture, perhaps after apologizing or remaining quiet a while, Amazon has a few choices. It could face probable new taxes gamely or think along the lines of Apple, which recently announced a $2.5 billion plan to ease the housing shortages and affordability crisis in California. Or take a page from Microsoft, the tech giant across Lake Washington from Amazon, which last winter offered a well received $500 million investment in affordable housing and homelessness relief across the region.To be fair, Amazon has invested in a homeless shelter in Seattle for families, Mary’s Place, which will eventually occupy eight floors in one of the new Amazon buildings. Mary’s Place does great work. But that answer to the enormous problem of homelessness and housing affordability now seems a trifle. The overall contribution to challenges facing the city is too small to those who believe Amazon needs to step up and invest in ways commensurate with its size and impact.To contact the author of this story: Joni Balter at jcbalter@gmail.comTo contact the editor responsible for this story: Jonathan Landman at jlandman4@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joni Balter is a longtime Seattle columnist and writer who contributes to local NPR and PBS affiliates.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Bloomberg
Luckin’s Sales Top Forecast as It Chases Starbucks in China
(Bloomberg) -- Luckin Coffee Inc., the chain that’s trying to overtake Starbucks Corp. in China, gave investors a jolt of optimism as it reported better-than-expected revenue and said it aims to break even next year.The Xiamen, China-based company, in its second set of quarterly results since going public in May, reported revenue of 1.54 billion yuan ($219.6 million) for the September quarter. That’s more than six times the year-earlier level, and tops the 1.47 billion yuan average of analysts’ estimates. Luckin’s net loss widened to 531.9 million yuan from 484.9 million yuan a year earlier.Luckin’s latest results provided some comfort to investors who have been looking for progress in the company’s financial position. The shares climbed 13% in New York to $21.46 each.The stock had dropped almost 30% from a July peak as the Chinese startup faced questions over its strategy of burning millions of dollars to lure customers with discounts. Other startups including Uber Technologies Inc. and WeWork Cos. have also come under scrutiny for spending heavily to chase blazing growth at the cost of profits.Luckin’s restaurants are now profitable, and the company is on track to break even at the corporate level in the third quarter of next year, Chief Financial Officer Reinout Schakel said in an interview.“We expect to take over Starbucks as the No. 1 coffee player in China by the end of this year in number of stores,” Schakel said. “We have a very strong brand.”China is becoming an important market for coffee retailers as the traditionally tea-drinking nation develops a taste for java. While weaker consumer spending amid a trade war and slowing economy may present a challenge, the company could benefit from its lower prices. The chain is very focused on its per-cup cost and affordability, Schakel said.“We give a very clear message to our consumer around our value,” Schakel said. Luckin targets white-collar, middle-class office workers, who are a “resilient consumer,” he said.Luckin claimed only 2.1% of the coffee market in China last year but wants to bolster that by opening more stores in two years than the industry giant has done in 20 years. Starbucks, meanwhile, with more than a 50% market share in the Asian nation, is also planning to continue its rapid expansion by opening one store every 15 hours.(Recasts first paragraph, updates stock move.)To contact the reporters on this story: Bhuma Shrivastava in Mumbai at bshrivastav1@bloomberg.net;Leslie Patton in Chicago at lpatton5@bloomberg.netTo contact the editors responsible for this story: Rachel Chang at wchang98@bloomberg.net, Jeff Sutherland, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Starbucks (SBUX) to Open Largest Reserve Roastery in Chicago
Starbucks' (SBUX) strategy to boost the overall brand through its premium Roastery/Reserve brands bodes well.
- Business Wire
Starbucks Unveils Epic 35,000-Square-Foot Reserve Roastery in Chicago
Starbucks Coffee Company (SBUX) today unveiled Starbucks Reserve Roastery Chicago, which opens its doors to the public on Friday, November 15. Located on North Michigan Avenue and Erie Street on Chicago’s Magnificent Mile, the opening of Chicago Reserve Roastery marks Starbucks sixth global Roastery and third location in the U.S. Starbucks largest-ever immersive coffee experience – across five floors and 35,000 square feet of retail space – celebrates the company’s heritage and is a tribute to the roasting and the craft of coffee.
- Zacks
Trump Trade, Walmart & Nvidia Previews & Buy CASY Stock - Free Lunch
All eyes will be on President Trump Tuesday for U.S.-China trade war updates. Walmart, Nvidia, and others are set to report their quarterly earnings. And why Casey's General Stores (CASY) is a Zacks Rank 1 (Strong Buy) right now...
- Yahoo Finance
Starbucks commits to hiring 5,000 vets a year
Starbucks has recommitted to veteran hiring with a goal of bringing on 5,000 hires annually.
- Yahoo Finance
Alibaba's 'Singles Day' shopping party gives a boost to U.S. brands
Among the standouts are Apple, Starbucks, Nike, Mondelez, and Estée Lauder.
- Yahoo Finance
Entrepreneur Rachel Zoe: This is the hardest time in fashion I’ve ever seen
While Rachel Zoe has been able to successfully leverage her name into a handful of businesses, she isn’t so optimistic about the fashion industry at large.
- Zacks
"Merry Coffee": Starbucks Debuts 2019 Holiday Cups
Starbucks (SBUX) just debuted their highly-anticipated holiday cups for 2019, kicking off the holiday season for the coffee giant (and consumers).
- Yahoo Finance
Top retail CEOs weigh in on the holiday shopping season
Expectations on a strong holiday shopping season are running high on Wall Street.
- Yahoo Finance
McDonald's is in a leadership crisis, but investors are sticking with the stock
Quite the week for McDonald's, headlined by a new CEO taking the helm. Here's why one investor is sticking with the stock.
- Bloomberg
From Online Gambling to Pot, Crypto Commerce Takes Off This Year
(Bloomberg) -- After being given up for dead, cryptocurrency-based commerce -- albeit still tiny -- has started growing again.The amount of digital money sent to 16 merchant service providers such as BitPay rose 65% between January and July, according to data researcher Chainalysis. The price of Bitcoin, which accounted for 89% of all such transactions, had more than doubled over the seven months, to about $10,000. Typically, steep run-ups in the cryptocurrency’s price push people to spend less, and instead to hold or to speculate.The resurgence is in contrast to last year, when Chainalysis found that Bitcoin-based commerce was in decline. This time around, the researcher looked not just at Bitcoin but also at Tether, Litecoin and Bitcoin Cash, which are used to fund everything from online gambling to purchases at pot shops. “It suggests there’s more overall trust in crypto,” Kim Grauer, senior economist at New York-based Chainalysis, said in a phone interview.In one of the biggest efforts for mainstream use, Intercontinental Exchange Inc. plans to begin testing its consumer app for digital assets with Starbucks Inc. in the first half of 2020. Processor BitPay and others are adding support for new coins, also boosting commerce. The company, which says it processes more than $1 billion annually, anticipates continued growth as new cryptocurrencies are added to the mix including Bitcoin Cash Ether and XRP, spokesperson Jan Jahosky said in an email.The overall amount of crypto used in commerce remains tiny: It was $5.5 million on average per day in July, up from only about $3 million in January. Starbucks alone books about $70 million in sales daily.Inconvenience has been a major barrier. Transaction confirmation on the Bitcoin network can take an hour -- making it hard for someone to just walk in a store, buy a cup of coffee and leave. Many businesses still don’t accept the coins. And many consumers are still leery to spend them anyway, due to most cryptocurrencies’ wild volatility.Increased use of Tether -- a so-called stablecoin because its price doesn’t typically fluctuate much -- gave crypto commerce a boost, with the token’s use in commerce increasing five-fold between January and July, according to the researcher. In those seven months, Tether accounted for 9% of all commerce, Chainalysis said.“There’s still a lot of growth in Bitcoin,” Grauer said. “But if you look at Tether, especially in the second half of the year, Tether took off.”To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Dave Liedtka, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
The Zacks Analyst Blog Highlights: Facebook, JPMorgan Chase, Royal Dutch Shell, Starbucks and Celgene
The Zacks Analyst Blog Highlights: Facebook, JPMorgan Chase, Royal Dutch Shell, Starbucks and Celgene
- Zacks
ETFs in Focus on Starbucks' Solid Q4 Earnings Report
Here we discuss the impact of Starbucks' Q4 earnings results on certain ETFs with high exposure to the coffee giant.
- Zacks
Top Stock Reports for Facebook, JPMorgan & Royal Dutch Shell
Top Stock Reports for Facebook, JPMorgan & Royal Dutch Shell
- Yahoo Finance Video
Darren Walker joins Influencers with Andy Serwer
Yahoo Finance Editor-in-Chief Andy Serwer sits down with Ford Foundation president, Darren Walker.
- Yahoo Finance Video
Huda Beauty's Huda and Mona Kattan joins Influencers with Andy Serwer
Yahoo Finance Editor-in-Chief Andy Serwer sits down with influencers Huda and Mona Kattan of Huda Beauty.
