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Starbucks Corp (SBUX.O)

SBUX.O on Nasdaq

28 Apr 2017
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$-1.24 (-2.02%)
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Latest Key Developments (Source: Significant Developments)

Square announces Q2 2016 results
Wednesday, 3 Aug 2016 04:01pm EDT 

Square Inc : Square announces second quarter 2016 results . Qtrly gross payment volume was $12.5 billion, up 42% year over year . On a GAAP basis, net loss per share, basic and diluted, was $0.08 for the second quarter of 2016 . Qtrly starbucks transaction revenue was $33 million versus $34 million . In the second quarter, extended almost 34,000 business loans totaling $189 million, which is an increase of 123% year over year . For 2016, total net revenue is expected to be in the range of $1.63 billion to $1.67 billion . Q2 earnings per share view $-0.11, revenue view $405.7 million -- Thomson Reuters I/B/E/S . Raising full year 2016 guidance for both adjusted revenue and adjusted ebitda . For Q3, expect total net revenue to be in range of $410 million to $420 million; adjusted revenue to be in range of $167 million to $171 million . Qtrly total net revenue was $439 million, up 41% year over year; adjusted revenue was $171 million, up 54% year over year . FY total net revenue growth will be impacted by continued decline in starbucks transaction revenue .Q3 revenue view $415.0 million -- Thomson Reuters I/B/E/S.  Full Article

Starbucks names Leanne Fremar as executive creative director
Thursday, 28 Jul 2016 03:36pm EDT 

Starbucks : Names Leanne Fremar as executive creative director . Most recently, Fremar served as Under Armour's senior vice president, executive creative director for its women's and concept divisions (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Takt secures $30 mln in series funding led by BCG Digital Ventures
Monday, 25 Jul 2016 01:03pm EDT 

Takt Inc: Takt Inc raises $30 million in series a funding led by BCG Digital Ventures .Has secured $30 million in series a funding led by BCG Digital Ventures, including an investment by Starbucks.  Full Article

Starbucks Q3 GAAP earnings per share $0.51
Thursday, 21 Jul 2016 04:04pm EDT 

Starbucks Corp : Q3 China/Asia pacific comp sales up 3% percent . Fy16 operating margin is expected to increase slightly versus prior year . Fy consolidated revenue growth now expected to be approximately 10% on a 52 week basis (from 10%+), 53rd week expected to add about 2% . Full year global comparable store sales growth now expected to be mid-single digits . Fy GAAP EPS now expected to be in range of $1.88 to $1.89 . Starbucks reports record q3 financial and operating results . Q3 revenue $5.2 billion versus I/B/E/S view $5.33 billion . Q3 gaap earnings per share $0.51 . Q3 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . Qtrly comparable store sales rise 7% in China, 4% in u.s. And 4% globally . Expecting approximately 1,900 net new store openings in fiscal year . Q3 EMEA comp sales down 1% . Declared a cash dividend of $0.20 per share, payable on august 19, 2016 to shareholders of record as of august 4, 2016 .Fy2016 earnings per share view $1.89, revenue view $21.45 billion -- Thomson Reuters I/B/E/S.  Full Article

Starbucks expands health benefits for eligible U.S. partners
Monday, 18 Jul 2016 11:06am EDT 

Starbucks : Starbucks says will continue to fund approximately 70 percent of the premium costs and cover 100 percent of preventive care services . "Online benefits platform" designed by Aon to "help" starbucks partners choose from as many as 6 national,regional carriers,5 coverage levels .Starbucks says will expand health care offering for all eligible u.s. Partners (employees).  Full Article

Starbucks announces role as global licensee, investor in Princi
Wednesday, 13 Jul 2016 05:38pm EDT 

Starbucks Corp : Announces role as global licensee and investor in the Italian restaurant Princi . Investment team to focus on expanding number of standalone Princi locations worldwide . Investment team to also focus on make Princi exclusive food purveyor at new Starbucks reserve roastery, tasting rooms in Shanghai, New York .Shanghai and New York roastery locations are on track to open in 2017 and 2018, respectively.  Full Article

Starbucks says to hike wages for Partners, Store Managers in October
Monday, 11 Jul 2016 09:05am EDT 

Starbucks : Says This October, All Partners And Store Managers In U.S. Company Operated stores will receive an increase in base pay of 5 percent or greater . Starbucks says will be adding future annual enhancement to its bean stock program to recognize contributions of tenured partners . Changes will result in compensation increases between 5 percent and 15 percent for all u.s. Company operated store partners in good standing . Starbucks says range of base pay increase for partners and store managers will be determined by geographic and market factors . Will be doubling annual bean stock award for u.s. Company operated hourly store partners that reach 2 yrs of continuous service with company Source (http://bit.ly/29JkQPJ) Further company coverage: [SBUX.O] ((Bengaluru Newsroom; +1 646 223 8780;)).  Full Article

U.S. CPSC says Teavana agreed to pay a $3.75 mln civil penalty to federal government
Wednesday, 1 Jun 2016 02:30pm EDT 

U.S. Consumer Product Safety Commission : Teavana has agreed to pay a $3.75 million civil penalty to federal government . Penalty settles charges that Teavana knowingly failed to report that tumblers contained defect that could create product hazard .Teavana agreed to comply with and maintain compliance program of parent co that is designed to ensure compliance with consumer product safety act.  Full Article

Starbucks Corp - Apple Inc, McDonald's, Google and IKEA to face EU lawmakers over tax deals - Reuters News
Monday, 14 Mar 2016 08:20am EDT 

Starbucks Corp:Apple, Google, McDonald's and IKEA will be asked about their European tax deals on Wednesday as EU lawmakers ratchet up the pressure on multinationals to pay more tax on their profits locally - RTRS.The hearing, organised by the European Parliament's tax committee, follows a similar event in November last year when Anheuser-Busch InBev, HSBC, Google and eight other companies were quizzed on the same subject.While the committee has no power to order changes, the hearing reflects the political concerns over multinationals avoiding local tax liabilities.The European Commission is also investigating several cases to see if they breach the bloc's state aid rules which prohibit EU countries from giving some companies an unfair advantage by making special deals on tax.Starbucks declined to take part because it has challenged a European Commission order to the Dutch authorities to recover up to 30 million euros in back taxes, the European Parliament said in a statement.Fiat Chrysler Automobiles, which is also appealing against an EU finding against its tax deal with Luxembourg, also turned down the invitation.The head of Inter IKEA Group, Soren Hansen, will argue the Swedish furniture retailer's case.Inter IKEA Group owns the intellectual property rights under which its retailers operate.All the companies have previously said they comply with EU tax rules.  Full Article

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

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PRESS DIGEST - Wall Street Journal - April 28

April 28 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.