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Starbucks Corp (SBUX.O)

SBUX.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Teavana recalls about 23,600 flip tumblers due to burn hazard
Tuesday, 11 Apr 2017 04:01pm EDT 

Starbucks Corp : U.S. Consumer Product Safety Commission - Teavana recalls about 23,600 flip tumblers due to burn hazard .U.S. CPSC - Teavana has received 12 reports of tumblers leaking, including one report of a burn injury to a consumer's abdomen.  Full Article

Starbucks announces expansion of its mobile order & pay platform
Wednesday, 22 Mar 2017 01:00pm EDT 

Starbucks Corp : Announced the expansion of its mobile order & pay platform to give customers the option to order Starbucks beverage while on the go . Elects Rosalind Brewer, former CEO of Sam's Club, Jørgen Knudstorp, executive chairman of Lego and Satya Nadella, CEO of Microsoft to board .Plans to expand current initiatives and hire 25,000 veterans and military spouses by 2025 and 100,000 opportunity youth by 2020.  Full Article

Starbucks to issue its first yen-denominated bonds by end of month - Nikkei
Friday, 3 Mar 2017 12:12pm EST 

Nikkei: Starbucks will issue its first yen-denominated bonds by the end of the month, possibly raising over 50 billion yen ($436 million) - Nikkei . Starbucks' bonds, to be underwritten by Morgan Stanley, Mitsubishi UFJ Financial Group, will be sold mainly to institutional investors in Japan - Nikkei .Starbucks to use 50 billion yen raised from bonds exclusively for company's projects on environmental sustainability and social development - Nikkei.  Full Article

Square entered warrant cancellation and payment agreement relating to shares issued to Starbucks
Monday, 27 Feb 2017 06:45am EST 

Square : Square-On Feb 24, entered warrant cancellation & payment agreement relating to warrant to buy up to 9.5 million shares of class a stock issued to Starbucks .Square-Warrant to be terminated and cancelled and no longer exercisable by Starbucks effective upon payment by co to starbucks of about $54.8 million.  Full Article

Starbucks executive chairman Schultz's 2016 total compensation was $21.8 mln
Friday, 27 Jan 2017 04:55pm EST 

Starbucks Corp : Starbucks Corp - executive chairman Howard Schultz's 2016 total compensation was $21.8 million versus $20.1 million in 2015 - SEC filing . Starbucks Corp says president and chief operating officer Kevin Johnson's 2016 total compensation was $11.1 million versus $8.5 million .Starbucks Corp - CFO Scott Maw's 2016 total compensation was $4.4 million versus $3.7 million in 2015.  Full Article

Starbucks reports Q1 earnings per share $0.51
Thursday, 26 Jan 2017 04:01pm EST 

Starbucks Corp : Starbucks reports record holiday and record q1 fy17 results . Q1 non-GAAP earnings per share $0.52 . Q1 GAAP earnings per share $0.51 . Q1 revenue $5.7 billion versus I/B/E/S view $5.85 billion . Q1 earnings per share view $0.52 -- Thomson Reuters I/B/E/S . Starbucks Corp - company reaffirms outlook for fiscal 2017 . Starbucks Corp says continue to expect mid-single digit comparable store sales growth globally for 2017 . Qtrly global comparable store sales increased 3pct . Mobile order and pay represented 7pct of U.S. Company-Operated transactions in quarter . Starbucks Corp - continue to expect FY 2017 GAAP EPS in range of $2.09 to $2.11 and non-GAAP EPS in range of $2.12 to $2.14 . Starbucks Corp says consolidated revenue growth now expected to be in range of 8pct to 10 pctfor 2017 . Qtrly U.S. Comparable store sales increased 3pct . Q1 comparable store sales up 6pct in China . Company reaffirms outlook for fiscal 2017 . Active membership in starbucks rewards grew 16pct year-over-year to 12.9 million members in U.S. In quarter . Starbucks Corp - 2017 consolidated revenue growth now expected to be in range of 8pct to 10pct . FY2017 earnings per share view $2.14, revenue view $23.11 billion -- Thomson Reuters I/B/E/S . A 1pct decrease in EMEA comparable store sales in Q1 . Starbucks Corp - continue to expect approximately 2,100 net new stores globally in 2017.  Full Article

Starbucks and Tencent announce strategic partnership to launch social gifting on Wechat in China
Wednesday, 7 Dec 2016 12:00pm EST 

Starbucks Corp: Starbucks and Tencent announce strategic partnership to launch social gifting on Wechat in China . A strategic partnership to co-create a "new social gifting feature" on Wechat in early 2017 .Partnership extends wechat pay across Starbucks stores in Mainland China beginning December 8.  Full Article

Starbucks plans to open about 12,000 new stores globally by 2021
Wednesday, 7 Dec 2016 08:00am EST 

Starbucks Corp : Starbucks Corp - projects 10 percent revenue growth, 15-20 percent EPS growth and mid-single digit comp growth annually . Starbucks Corp - plans to open approximately 12,000 new stores globally by 2021 . Starbucks Corp - remains on track to open more than 5,000 stores in China by 2021 and expects market will eclipse that in U.S. Over time . Starbucks Corp - over next 5 years, Starbucks expects its channel development segment will generate an incremental $1 billion in revenue .Starbucks presents its five-year plan for strong global growth fueled by a robust pipeline of innovation at biennial investor conference.  Full Article

Starbucks announces new leadership structure to drive next wave of global growth
Thursday, 1 Dec 2016 04:02pm EST 

Starbucks Corp : Starbucks announces new leadership structure to drive next wave of global growth . Kevin Johnson to become chief executive officer . Starbucks Corp says Howard Schultz to become executive chairman .In new role Schultz will continue to serve as chairman of board.  Full Article

Starbucks Corp - board approves 25% increase in quarterly dividend
Thursday, 3 Nov 2016 04:05pm EDT 

Starbucks Corp :Starbucks Corp - board of directors approves 25% increase in quarterly dividend to $0.25 per share.  Full Article

More From Around the Web

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Starbucks software glitch takes some stores offline

A glitch in a software update caused cash registers at some U.S. and Canadian Starbucks Corp stores to go offline for several hours on Tuesday, forcing them to give away free coffee or only take cash.