|Bid||77.71 x 800|
|Ask||77.93 x 2200|
|Day's Range||75.95 - 77.23|
|52 Week Range||47.37 - 77.23|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||34.33|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||1.44 (1.94%)|
|1y Target Est||72.50|
Although Uber still dominates the market for business travelers, a new survey shows those riders are more satisfied with Lyft.
Starbucks reported fiscal second quarter earnings Thursday that pleased investors as it continues to fend off pressure from local rivals in its two largest markets — the U.S. and China. The Seattle-based chain remains on a mission to rapidly grow its loyalty program and the number of cities where it offers delivery via third parties, […]
Starbucks Corp. is raising its profit outlook for 2019 after better-than-expected results in its most recent quarter.The Seattle-based coffee company said Thursday it earned $663.2 million, or 53 cents per share, in its fiscal second quarter, up slightly from the January-March period a year ago.Excluding one-time items, such as the sale of its Tazo tea brand, Starbucks earned 60 cents per share. That beat Wall Street's estimate of 56 cents, according to a survey of 13 analysts by Zacks Investment Research.Sales at stores open at least a year rose 3% globally, meeting analysts' forecasts. Revenue rose 4.5% to $6.31 billion, which was also in line with forecasts.The company said it now expects full-year earnings in the range of $2.75 to $2.79 per share, up from its previous guidance of $2.68 to $2.73. It reiterated that it expects same-store sales to grow 3% to 4% globally this year.The company said transactions at established stores were flat in the Americas, Asia and Europe. But customers spent more per order. The company opened 319 net new stores during the quarter. Almost all of those were outside the U.S.In a conference call with analysts, Starbucks brushed off concerns about Luckin Coffee, a low-cost Chinese competitor that filed for an initial public offering on the Nasdaq stock exchange earlier this week.Starbucks CEO Kevin Johnson said the company's research shows Chinese consumers prefer Starbucks for its coffee and its in-store experience. Most of Luckin's stores are designed for quick pick-ups; it also has nearly 100 kitchens that make coffee drinks for delivery, according to its filings with U.S. regulators."Our leadership position is underpinned by our brand strength and operating results," Johnson said.Johnson said Starbucks continues to expand rapidly in China, where it's building 600 stores per year with the goal of having 6,000 stores by 2022. He said the company is now offering delivery in under 20 minutes from 2,100 stores in 35 Chinese cities and aims to increase that to 3,000 stores across 50 cities by the end of 2019.Johnson didn't give an update on plans to increase delivery from U.S. stores. Starbucks and its partner, UberEats, launched U.S. delivery earlier this year. It's now offered from 1,600 stores in seven markets, he said.Starbucks' shares were flat at $77.40 in after-hours trading following the earnings report.Dee-Ann Durbin, The Associated Press
Its new drinks and a refreshed lunch menu focused on improving customer traffic during the lean afternoon hours boosted same-store sales by 4 percent at established U.S. cafes. Starbucks also added 13 percent more active members to its loyalty program in the United States as it expanded its delivery services to almost 1,600 stores in seven markets along with UberEats, and improved the speed of its ordering and payment processes on its app and at cafes.
Starbucks (SBUX) delivered earnings and revenue surprises of 7.14% and -0.04%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Check out the companies making headlines after the bell:Shares of Amazon AMZN initially jumped 2% in extended trading Thursday before giving up those gains following the release of the e-commerce giant's strong first-quarter earnings .
Starbucks Corp raised its full-year profit forecast and beat Wall Street estimates for quarterly same-store sales on Thursday, as its new Cloud Macchiato, Matcha tea and cold brews in the United States and speedy delivery network in China drew more customers. Its new drinks and a refreshed lunch menu focused on improving customer traffic during the lean afternoon hours boosted same-store sales by 4 percent at established U.S. cafes. Starbucks also added 13 percent more active members to its loyalty program in the United States as it expanded its delivery services to almost 1,600 stores in seven markets along with UberEats, and improved the speed of its ordering and payment processes on its app and at cafes.
Starbucks reported earnings that beat estimates but slightly missed expectations with its quarterly revenue. The coffee chain's recently revamped loyalty program grew to 16.8 million active members in the U.S. during the quarter. Meanwhile, the company is facing increased competition in China from newcomer Luckin Coffee, which recently filed to go public.
A possible traffic gain of 1 percent could further boost the stock as a 4 percent gain in Americas comparable sales is already embedded in expectations, wrote Morgan Stanley analyst John Glass. Investors may be overlooking a gift-card accounting change that could benefit gross margins in the Americas, particularly in the second quarter, Cowen’s Andrew Charles wrote in a note. Meantime, Wedbush’s Nick Setyan wrote that he was “somewhat cautious” before the earnings report as there was “little risk of upside” to consensus expectations in the U.S., and as expectations for an uptick in China comparable sales growth was likely accounted for.
Investing.com - Starbucks (NASDAQ:SBUX) reported fiscal second-quarter earnings that beat analysts' expectations on Thursday, while its overall and comparable sales were in line with forecasts.
Domino's (DPZ) top line gains from higher supply chain volume, robust same store sales and increase in store counts both in the U.S. and international markets.
Starbucks' (SBUX) loyalty and share repurchases programs, employee-focused stance and innovative concepts will boost second-quarter results.
Starbucks SBUX shares are piping hot. Starbucks has bounced 61% off its 52-week low set last June and has tripled the S&P 500's gains over the past six months. "If you look at not just its daily RSI chart but its weekly RSI chart, it's getting very extended and it's now up to levels where it usually tops out," said Maley.
Chipotle's (CMG) various sales-building initiatives and greater digital innovation result in revenue growth in the first quarter of 2019.