$SBUX (Starbucks Corporation)

$SBUX {{ '2016-07-14T07:35:24+0000' | timeago}} • Announcement

$SBUX said it signed a financial investment and global licensing deal with Italian bakery and cafe, Princi. The investment team, which includes Milan-based Angel Lab and Pekepan Investments, will open standalone Princi cafes worldwide and also make Princi the exclusive food seller at $SBUX's new roastery rooms, starting in Shanghai and New York.

$SBUX {{ '2017-12-05T14:30:22+0000' | timeago}} • Announcement

Starbucks Reserve Roastery in Shanghai, touted by $SBUX as "an immersive coffee experience" in Asia, will open on Dec. 6.

$SBUX {{ '2017-11-13T20:43:29+0000' | timeago}} • Announcement

According to a study, the tall latte from $SBUX is dearer in Zurich than in New York. Cairo is where it is inexpensive, even when compared to the low London prices, illustrating how the US Dollar’s value against various currencies can affect the cost of a cup of coffee.

$SBUX {{ '2017-11-03T13:07:09+0000' | timeago}} • Webcast

Capex in FY18 is expected to total roughly $2.0Bil for $SBUX. GAAP EPS growth rate in FY18 is likely to be above 40%. Starbucks sees non-GAAP EPS growth of 12-13% or $2.30-2.33 per share in the fiscal year with growth in the front half of the year, likely a bit below the full-year average, and growth in the back half somewhat above it.

$SBUX {{ '2017-11-03T13:04:10+0000' | timeago}} • Webcast

For FY18, $SBUX expects the operating margin in the Americas to be up slightly relative to 2017, reflecting sales leverage, optimized labor deployment, and COGS and waste efficiencies.

$SBUX {{ '2017-11-03T13:03:00+0000' | timeago}} • Webcast

$SBUX announced that its effects to streamline the business regarding Teavana and TAZO will add 2-3 points to targeted revenue growth in the high single digits for FY18. For GAAP EPS, "the impact of these actions will be very positive given the large expected gains on East China and on TAZO."

$SBUX {{ '2017-11-03T12:59:55+0000' | timeago}} • Webcast

For FY18. $SBUX expects global comp growth to be in the 3% to 5% range. "Complementing this comp growth will be the addition of approximately 2,300 net new stores globally," the coffee chain announced.

$SBUX {{ '2017-11-02T21:19:22+0000' | timeago}} • Infographic

$SBUX Starbucks Corp. Earnings AlphaGraphic: Q4 2017 highlights

$SBUX {{ '2017-11-02T20:36:24+0000' | timeago}} • Announcement

As $SBUX posted 4Q17 results, Unilever and Starbucks also announced the entry into a definitive agreement for $UL to acquire the assets of the TAZO brand and inventory for $384MM. In turn, Starbucks will drive a single tea brand strategy and focus on its tea brand, Teavana.

$SBUX {{ '2017-11-02T20:32:39+0000' | timeago}} • Announcement

With total net revenues slipping barely 0.2% to $5.7Bil in 4Q17, the Instagram coffee king $SBUX posted similar results to last year with diluted EPS flat at $0.54. Net attributable earnings were down 1.6% to $788.5MM in the quarter.

$SBUX {{ '2017-09-28T20:39:38+0000' | timeago}} • Announcement

$SBUX announced that it has entered into an agreement with its long-time strategic partner Maxim’s Caterers Limited, a restaurant operator of multiple brands across Asia, to fully license Starbucks operations in Singapore. Under the deal, Maxim’s Caterers Limited will have the exclusive rights to operate and develop Starbucks stores in Singapore.

$SBUX {{ '2017-09-12T12:25:50+0000' | timeago}} • Announcement

$SBUX announced the development of a new, patent-pending cold extraction process that produces cold-pressed espresso. Starting Sep 12, 2017, the Seattle Roastery Cold-Pressed Espresso Menu will include "Sparkling Cold-Pressed Americano", "Cold-Pressed Americano Exploration Flight", and "Cold-Pressed Ginger Fizz."

$SBUX {{ '2017-09-06T14:56:07+0000' | timeago}} • Announcement

$SBUX appointed Rosalind Brewer as group president and COO, effective Oct. 2, 2017. Brewer will report to Johnson and serve as a member of Starbucks senior leadership team. She will also continue to serve on the company's BoD.

$JWN {{ '2017-08-21T18:14:05+0000' | timeago}} • Announcement

Fashion retailer $JWN has appointed Kelley Hall as SVP and Chief Accounting Officer, effective August 21, 2017. Most recently, Hall served as VP and CFO of $NIKE’s Enterprise Operations. Earlier, she held various senior finance leadership posts at $SBUX.

$SBUX {{ '2017-07-28T17:59:46+0000' | timeago}} • Webcast

$SBUX now expects revenue growth to come in at the low end of previous guidance range of 8-10% for FY17, and projects global comp growth for Q4 at 3-4%. For the FY, GAAP EPS is seen at $1.96-1.97 and non-GAAP EPS of $2.05-2.06, representing an EPS growth range of 12-13%. For 4Q17, GAAP EPS is seen in the $0.53-0.54 and non-GAAP EPS at $0.54-0.55.

$SBUX {{ '2017-07-28T17:22:17+0000' | timeago}} • Webcast

As $SBUX posted 3Q17 results, the coffee mammoth said Mercato is exceeding expectations in its Chicago launch market and that Starbucks is moving up the launch of Mercato in the Seattle market to August.

$SBUX {{ '2017-07-28T17:21:56+0000' | timeago}} • Webcast

$SBUX expects to sell over $1.6Bil of Teavana branded, handcrafted beverages through Starbucks stores around the world this year. Starbuck's tea business has grown 40% since the company launched Teavana in the U.S. five years ago, and it is up over 60% since launching in China and Japan roughly one year ago.

$SBUX {{ '2017-07-27T21:13:38+0000' | timeago}} • Announcement

While posting 3Q17 results, $SBUX CFO Scott Maw said, "...the combination of trends in the quarter and ongoing macro pressures impacting the retail and restaurant sectors has us a bit more cautious going into Q4." Starbucks also plans to close all 379 Teavana stores over the coming year, with the majority closing by Spring 2018.

$SBUX {{ '2017-07-27T21:11:47+0000' | timeago}} • Announcement

In 3Q17, U.S. comp store sales for $SBUX rose 5%, driven by a 5% increase in average tickets. Operating income inched 2% up to $1.0Bil in the quarter, while operating margin of 18.4% declined 110 basis points.

$SBUX {{ '2017-07-27T21:09:26+0000' | timeago}} • Announcement

$SBUX opened 575 net new stores globally in 3Q17, bringing total store count to 26,736 across 75 countries. Starbucks Rewards membership was up 8% year-over-year, to 13.3MM active members, while Mobile Payment increased to 30% of transactions in U.S. company-operated stores.

$SBUX {{ '2017-07-27T21:01:53+0000' | timeago}} • Announcement

Even as $SBUX' global comparable store sales rose 4% and consolidated net revenues grew 8% to $5.7Bil in 3Q17, the international coffee brewer's costs, taxes and other expenses pushed the net attributable income down 8% to $692MM or $0.47 per diluted share.

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