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Starbucks Corp (SBUX.O)

SBUX.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Starbucks Corp - Voluntary Recall of Sausage, Egg and Cheddar Breakfast Sandwiches in TX, OK, and AR - ENPNWS
Wednesday, 9 Mar 2016 07:11am EST 

Starbucks Corp:As soon Starbucks was made aware of a potential supplier issue with a specific lot of Sausage, Egg and Cheddar Breakfast Sandwiches, we removed the impacted product from the select 250 Texas, Oklahoma and Arkansas area stores that carried it. - ENPNWS.The scope of this issue is limited to these select stores and the specific lot and does not impact other breakfast sandwiches. This recall was issued out of an abundance of caution.One of our suppliers recalled a specific lot of the Sausage, Egg and Cheddar Breakfast Sandwiches because they detected listeria monocytogenes on a food contact surface in their facility.The product itself has not tested positive for listeria monocytogenes. No other products are affected because of this issue.Offering high quality products to our customers is a top priority for Starbucks.  Full Article

Starbucks prices $500 million of senior notes
Monday, 1 Feb 2016 04:05pm EST 

Starbucks Corp:Says it has priced an underwritten public offering of senior notes.Plans to use the net proceeds from the offering of $500 million of 2.100% Senior Notes due 2021 for general corporate purposes, which may include repurchases of Starbucks.  Full Article

Starbucks Corp - EU antitrust chief rejects U.S. criticism of Apple, Starbucks tax cases - Reuters
Monday, 1 Feb 2016 12:34am EST 

Starbucks Corp:Europe's antitrust chief signalled on Monday her determination to go after Apple, Starbucks and McDonald's over their sweetheart tax deals in the bloc, dismissing U.S. criticism of her crackdown on the companies - RTRS.European Competition Commissioner Margrethe Vestager's comments come three days after senior U.S. Treasury official Robert Stack met her team in the latest lobbying effort against her clampdown on tax deals involving U.S. as well as EU companies - RTRS.Vestager, who was not at the meeting, indicated she had not been swayed by Stack's arguments, similar to those made to a Senate committee last December - RTRS."It is the same argument as we have heard before," she told reporters on the sidelines of a conference organised by the Global Competition Law Centre. - RTRS."Just as it is an obvious right for U.S. tax authorities to tax revenues when they are repatriated, it is also for European tax authorities to tax money that is made in the member states." - RTRS.All the companies have denied wrongdoing. While Starbucks was told to pay up to 30 million euros in back taxes to the Netherlands in October last year, Apple could end up with a bigger bill to the Irish. A decision is likely to come in the spring - RTRS.Vestager also said it was too early to decide whether to investigate Google's 130 million pound settlement with British tax authorities. The Scottish National Party has formally complained about it to the European Commission - RTRS.  Full Article

Starbucks Corp Pulls Turkey Sandwiches Due To E. Coli Scare - The Huffington Post
Wednesday, 2 Dec 2015 10:39am EST 

Starbucks Corp:Starbucks pulled holiday turkey sandwiches from West Coast stores last week due to potential contamination from celery recalled over a risk of E. coli. - HUFFPO.At least 19 people were sickened after eating Costco chicken salad that contained the same celery products, which hail from California-based Taylor Farms Pacific, Inc. - HUFFPO.Starbucks removed sandwiches from 1,347 stores in California, Oregon and Nevada. No illnesses associated with Starbucks' sandwiches have been reported thus far, according to Bloomberg - HUFFPO.  Full Article

Starbucks Corp gives Q1 2016 EPS guidance below analysts' estimates; gives FY 2016 EPS guidance in line with analysts' estimates
Thursday, 29 Oct 2015 04:03pm EDT 

Starbucks Corp:Sees Q1 2016 GAAP EPS in the range of $0.43 to $0.44.Sees Q1 2016 Non-GAAP EPS in the range of $0.44 to $0.45.Sees FY 2016 GAAP EPS in the range of $1.84 to $1.86.Sees FY 2016 Non-GAAP EPS in the range of $1.87 to $1.89.Q1 2016 EPS of $0.47 - Thomson Reuters I/B/E/S.FY 2016 EPS of $1.88 - Thomson Reuters I/B/E/S.  Full Article

Starbucks Corp's board approves 25% Increase in the Quarterly Dividend
Thursday, 29 Oct 2015 04:02pm EDT 

Starbucks Corp:Board Approves a 25% Increase in the Quarterly Dividend to $0.20 Per Share.Declared a cash dividend of $0.20 per share, an increase of 25%, payable on November 27, 2015 to shareholders of record as of November 12, 2015.  Full Article

Starbucks Corp - Starbucks and Fiat dragged along in fair tax tide - Reuters
Wednesday, 21 Oct 2015 05:55am EDT 

Starbucks Corp:A ruling that Starbucks and Fiat received illegal state aid will lead to grumbling. There may be some more legal action - RTRS.But the European Commission, which has called time on perks once enjoyed by both companies, is riding a powerful global tide in favour of fair taxes. Corporate tax havens are gradually, very gradually, heading for extinction - RTRS.Commissioner Margrethe Vestager is moving delicately - RTRS.Her ruling that two cases of especially favourable tax treatment for coffee shop Starbucks in the Netherlands and carmaker Fiat’s finance operation in Luxembourg amounted to prohibited state aid came with almost token fines of 20 to 30 million euros - RTRS.The idea is more to shape the future than to condemn the past - RTRS.However, the commission’s attack is also part of a global trend. Personal tax evasion was once widely tolerated. It is increasingly considered intolerable in developed economies - RTRS.International cooperation and some bullying have made many former tax havens unsafe. Corporations are the next target - RTRS.The European Commission said on Oct. 21 that tax advantages received by Fiat in Luxembourg and Starbucks in the Netherlands were illegal under state aid rules. The commission ordered the countries to recover 20 to 30 mln euros from each company in unpaid taxes - RTRS.  Full Article

U.S. fast-food meat still mostly raised on antibiotics; Starbucks Corp graded "F" for antibiotic policies -consumer groups - Reuters
Monday, 14 Sep 2015 08:00pm EDT 

Starbucks Corp:Most large U.S. fast-food chains still serve meat from farm animals that have been routinely fed antibiotics, consumer groups said in a new report, which concluded that many companies have not yet laid out plans to curb the practice - Reuters.Subway, Starbucks, KFC and Domino's Pizza were among the industry leaders graded "F" for their antibiotic policies in the report from consumer and health groups, titled "Chain Reaction," released on Tuesday - Reuters.The groups, which did not release results to companies prior to publication, based their grades on public statements, survey responses and correspondence with individual chains. As a result, companies given failing grades were not immediately able to comment - Reuters.An estimated 70 percent of antibiotics important to human health are sold for use in meat and dairy production - Reuters.Concern is growing among public health experts that the overuse of such drugs, particularly those important to human medicine, are contributing to rising numbers of life-threatening human infections from antibiotic-resistant bacteria dubbed superbugs - Reuters.The U.S. Centers for Disease Control and Prevention (CDC) estimates that 2 million people are infected with drug resistant bacteria each year and 23,000 die - Reuters.  Full Article

Starbucks Corp gives Q4 2015 EPS outlook in line with analysts' estimates; gives FY 2015 outlook in line with analysts' estimates
Thursday, 23 Jul 2015 04:05pm EDT 

Starbucks Corp:Expect FY 2015 revenue growth of 16% to 18%.Expect FY 2015 comparable store sales growth remains in the mid-single digits.Expect FY 2015 GAAP Earnings per Share in the range of $1.77 to $1.78.Expect FY 2015 Non-GAAP Earnings per Share in the range of $1.57 to $1.58.Expect Q4 2015 GAAP Earnings per Share in the range of $0.38 to $0.39.Expect Q4 2015 Non-GAAP Earnings per Share in the range of $0.42 to $0.43.Reported revenue of $16.448 billion in FY 2014.Q4 2015 EPS of $0.43 - Thomson Reuters I/B/E/S.FY 2015 revenue of $19.160 billion and EPS of $1.57 - Thomson Reuters I/B/E/S.  Full Article

Starbucks Corporation announces additional share repurchase authorization
Thursday, 23 Jul 2015 06:30am EDT 

Starbucks Corporation:Has authorized the repurchase of an additional 50 million shares of the Company's common stock under its ongoing share repurchase program.Says this authorization has no expiration date and is in addition to the 11 million shares that remained available for repurchase as of June 28, 2015 under an existing authorization.  Full Article

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Starbucks allows long-term shareholders to nominate board members

Starbucks Corp on Friday amended the company's bylaws to allow long-time shareholders to nominate board members.