Key Developments: Starbucks Corp (SBUX.O)

SBUX.O on Nasdaq

74.53USD
2:25pm EDT
Price Change (% chg)

$-0.17 (-0.23%)
Prev Close
$74.70
Open
$75.00
Day's High
$75.18
Day's Low
$74.14
Volume
3,531,741
Avg. Vol
3,909,000
52-wk High
$82.50
52-wk Low
$67.93

Search Stocks

Latest Key Developments (Source: Significant Developments)

Starbucks Corp reaffirms FY 2014 guidance; reaffirms FY 2014 comparable store sales guidance; gives Q2, Q3 2014 EPS guidance below analysts' estimates; gives Q4 2014 EPS guidance
Thursday, 23 Jan 2014 04:03pm EST 

Starbucks Corp:Says it reaffirms FY 2014 targets.Says FY 2014 revenue growth of 10pct or greater.Says FY 2014 global comparable store sales growth in the mid single digits.Says FY 2014 earnings per share to be in the range of $2.59 to $2.67.Says Q2 2014 EPS in the range of $0.54 to $0.55.Says Q3 2014 EPS in the range of $0.64 to $0.66.Says Q4 2014 EPS in the range of $0.70 to $0.75.The company reported revenue of $14.892 billion in FY 2013.FY 2014 revenue of $16.711 billion and EPS of $2.65 - Thomson Reuters I/B/E/S.Q2 2014 EPS of $0.56 - Thomson Reuters I/B/E/S.Q3 2014 EPS of $0.68 - Thomson Reuters I/B/E/S.Q4 2014 EPS of $0.72 - Thomson Reuters I/B/E/S.  Full Article

Starbucks Corp prices $750 mln of senior notes
Monday, 2 Dec 2013 07:14pm EST 

Starbucks Corp:Says that it has priced an underwritten public offering of senior notes.Says that it plans to use the net proceeds from the offering of $400 mln of 0.875% senior notes due 2016 and $350 mln of 2.000% senior notes due 2018 to fund a portion of the payment required by the previously announced arbitration award in the Kraft litigation matter.Says the remaining net proceeds from this offering will be used for general corporate purposes, which may include business expansion, payment of cash dividends on Starbucks common stock, the repurchase of common stock under the company's ongoing share repurchase program.Says the offering of the notes is expected to close on Dec. 5.Says BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering.  Full Article

Starbucks Corp reaffirms FY 2014 EPS guidance - Conference Call
Tuesday, 19 Nov 2013 08:00am EST 

Starbucks Corp:Sees FY 2014 earnings per share (EPS) range of $2.55 to $2.65 with some offset in there a bit due to a higher tax rate that will anticipate as well as higher interest expense.FY 2014 EPS of $2.65 - Thomson Reuters I/B/E/S Estimates.  Full Article

Starbucks Corp Loses Charbucks Appeal - Reuters
Friday, 15 Nov 2013 12:43pm EST 

Reuters reported that Starbucks Corp has failed to persuade a federal appeals court to stop a small, family-owned New Hampshire roaster from selling coffee known as Charbucks. Ruling in a case that began in 2001, the second U.S. Circuit Court of Appeals said Black Bear Micro Roastery and its owner, Wolfe's Borough Coffee Inc., may keep selling Charbucks Blend, Mister Charbucks and Mr. Charbucks coffee. Circuit Judge Raymond Lohier wrote for a three-judge panel that Seattle-based Starbucks did not deserve an injunction to stop Charbucks sales, having failed to prove that consumers would be confused through a blurring of its brand. The New York-based appeals court let stand a December 2011 finding by U.S. District Judge Laura Taylor Swain in Manhattan that Charbucks was only weakly associated with the minimally similar Starbucks trademark.  Full Article

Arbitrator Says Starbucks Corp Must Pay Kraft Foods Group Inc In Grocery Fight - Reuters
Tuesday, 12 Nov 2013 04:48pm EST 

Reuters reported that Starbucks Corp said on November 12, 2013 an arbitrator has concluded that it must pay Kraft Foods Group Inc $2.23 billion in damages plus $527 million in prejudgment interest and attorneys fees after the coffee chain's early termination of the companies' grocery deal. Kraft began selling bags of Starbucks coffee in grocery stores beginning in September 1998. Starbucks prematurely ended the contract in March 2011 and gave the business to privately held Acosta Inc. Starbucks accused Kraft of multiple material breaches of contract, including mismanaging the brand. Kraft denied any breach and said that if Starbucks wanted out, it must pay Kraft fair value for the business, which brought in $500 million a year in revenue. The deal's initial term was set to expire in March 2014. The agreement was to renew automatically for successive 10-year terms unless sooner terminated per the agreement.  Full Article

Starbucks Corp Declares Cash Dividend
Wednesday, 30 Oct 2013 04:03pm EDT 

Starbucks Corp announced that the Board of Directors declared a cash dividend of $0.26 per share, payable on November 29, 2013 to shareholders of record as of November 14, 2013.  Full Article

Starbucks Corp Reaffirms FY 2014 Guidance; Reaffirms FY 2014 Global Comparable Store Sales Guidance; Issues Q1 2014 EPS Guidance In Line With Estimates; Issues Q2 2014 EPS Guidance Below Estimates
Wednesday, 30 Oct 2013 04:03pm EDT 

Starbucks Corp reaffirmed its fiscal 2014 guidance and expects revenue growth of 10% or greater, global comparable store sales growth in the mid single digits and earnings per share (EPS) in the range of $2.55 to $2.65. For the first quarter of 2014, it expects EPS in the range of $0.67 to $0.69. For the second quarter of 2014, it expects EPS in the range of $0.54 to $0.55. The Company reported revenue of $14.892 billion in fiscal 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $16.715 billion for fiscal 2014; EPS of $0.69 for the first quarter of 2014 and EPS of $0.60 for the second quarter of 2014.  Full Article

Manhattan To Get First Teavana Tea Bar Since Starbucks Corp Deal-Reuters
Wednesday, 23 Oct 2013 04:14pm EDT 

Reuters reported that Starbucks Corp which has doubled down on its tea bet, is opening its first Teavana tea bar in New York City this week. Starbucks' Manhattan Teavana store is due to open on October 24, 2013 and aspires to have a zen-like atmosphere fragrant with spices. The shop will also sell food such as chocolate brioche. Starbucks said it would decide later whether to add tea bars to existing Teavana stores. Schultz said the Company would likely add overseas locations while it expanded its U.S. business.  Full Article

Starbucks Corp Prices $750 Million Of Senior Notes
Tuesday, 3 Sep 2013 05:53pm EDT 

Starbucks Corp announced that it has priced its previously announced underwritten public offering of senior notes. The Company plans to use the net proceeds from the offering of $750 million of 3.85% Senior Notes due 2023 for general corporate purposes, which may include business expansion, payment of cash dividends on Starbucks common stock, the repurchase of common stock under the Company's ongoing share repurchase program, or financing of possible acquisitions. The offering of the notes is expected to close on September 6, 2013, subject to customary closing conditions. BofA Merrill Lynch, J.P. Morgan and Morgan Stanley are serving as the joint book-running managers of the offering. The offering is being made under an automatic shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on September 3, 2013.  Full Article

Starbucks Corp Declares Cash Dividend
Thursday, 25 Jul 2013 04:05pm EDT 

Starbucks Corp announced that the Board of Directors declared a cash dividend of $0.21 per share, payable on August 23, 2013, to shareholders of record as of August 8, 2013.  Full Article

INDIA PRESS-Starbucks looks to tap 50 small cities - Economic Times

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Derek Francis in Bangalore)

Search Stocks