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Starbucks Corp (SBUX.O)

SBUX.O on Nasdaq

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17 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Starbucks Says Entered Into An Agreement With Coffee Concepts Thailand - Website
Thursday, 23 May 2019 05:45am EDT 

May 23 (Reuters) - Starbucks Corp ::STARBUCKS SAYS ENTERED INTO AN AGREEMENT WITH COFFEE CONCEPTS THAILAND TO FULLY LICENSE STARBUCKS RETAIL BUSINESS IN THAILAND- WEBSITE.STARBUCKS SAYS JOINT-VENTURE WILL HAVE THE EXCLUSIVE RIGHTS TO OPERATE AND DEVELOP STARBUCKS RETAIL STORES IN THAILAND TO ACCELERATE GROWTH ACROSS THE MARKET.  Full Article

Pershing Square Capital Management Cuts Stake In Starbucks
Wednesday, 15 May 2019 04:40pm EDT 

May 15 (Reuters) - Pershing Square Capital Management: :PERSHING SQUARE CAPITAL MANAGEMENT CUTS SOLE SHARE STAKE IN STARBUCKS CORP BY 15% TO ABOUT 10 MILLION SHARES - SEC FILING.PERSHING SQUARE CAPITAL MANAGEMENT: CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2019 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DECEMBER 31, 2018.  Full Article

Starbucks CEO Says Efforts In Beverage Innovation Paid Off In Q2, With Continued Momentum In Cold Beverage Platforms
Thursday, 25 Apr 2019 06:16pm EDT 

April 25 (Reuters) - Starbucks Corp ::STARBUCKS CEO- EFFORTS IN BEVERAGE INNOVATION PAID OFF IN Q2, WITH CONTINUED MOMENTUM IN COLD BEVERAGE PLATFORMS - CONF CALL.STARBUCKS CEO- DURING Q2, CO CROSSED 50% MARK FOR DEPLOYMENT OF NITRO COLD BREW IN U.S. CO-OPERATED STORES, ON TRACK TO REACH 100% GOAL BY END OF FY.STARBUCKS CEO- EXPANDED THE STARBUCKS DELIVERS PROGRAM IN THE SECOND QUARTER TO ALMOST 1,600 STORES ACROSS 7 MAJOR MARKETS IN THE U.S..STARBUCKS CEO- CHINA PERFORMANCE IS "NOTEWORTHY" CONSIDERING INTENSITY OF COMPETITION FROM DISCOUNTING, CO'S AGGRESSIVE PACE OF NEW STORE DEVELOPMENT.STARBUCKS CEO- ROLLED OUT STARBUCKS DELIVERS IN PARTNERSHIP WITH ALIBABA TO MORE THAN 2,100 STORES ACROSS 35 CITIES THROUGHOUT CHINA.STARBUCKS -BEVERAGE, CO'S HIGHEST-MARGIN CATEGORY, CONTRIBUTED 3 POINTS OF COMP SALES GROWTH IN Q2; FOOD DROVE 1 POINT OF COMP SALES GROWTH IN U.S..STARBUCKS - KEY DRIVERS OF AMERICAS COMP SALES GROWTH IN THE QUARTER WERE AN IMPROVED IN-STORE EXPERIENCE AND A STRONGER BEVERAGE PLATFORM.STARBUCKS - BEVERAGE INNOVATION CONTRIBUTED TO COMP SALES GROWTH IN Q2 WITH LAUNCH OF CLOUD MACCHIATO AND ONGOING STRENGTH OF COLD FOAM PLATFORM.STARBUCKS - AFTERNOON PERFORMANCE IMPROVED FOR THIRD CONSECUTIVE QUARTER, WITH BEST PERFORMANCE IN PAST 3 YEARS ON IMPROVED IN-STORE EXPERIENCE.  Full Article

Starbucks Q2 NON-GAAP Earnings Per Share $0.60
Thursday, 25 Apr 2019 04:05pm EDT 

April 25 (Reuters) - Starbucks Corp ::STARBUCKS REPORTS Q2 FISCAL 2019 RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.60.Q2 GAAP EARNINGS PER SHARE $0.53.Q2 REVENUE $6.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $6.32 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.56 -- REFINITIV IBES DATA.Q2 COMPARABLE STORE SALES UP 3% GLOBALLY, DRIVEN BY 4% COMP GROWTH IN U.S. AND 3% COMP GROWTH IN CHINA.IN QUARTER ACTIVE STARBUCKS REWARDS MEMBERSHIP IN U.S. INCREASES 13% YEAR-OVER-YEAR TO 16.8 MILLION.SEES FISCAL YEAR 2019 GAAP EPS IN RANGE OF $2.40 TO $2.44.SEES FISCAL YEAR 2019 NON-GAAP EPS IN RANGE OF $2.75 TO $2.79."ON TRACK TO DELIVER ON OUR FULL-YEAR COMMITMENTS".REITERATES FISCAL YEAR 2019 GUIDANCE FOR GLOBAL COMPARABLE STORE SALES GROWTH, CONSOLIDATED GAAP REVENUE GROWTH, CAPITAL EXPENDITURES.SEES NON-GAAP G&A AS A PERCENTAGE OF SYSTEM SALES DOWN 100 BASIS POINTS OVER A THREE-YEAR PERIOD.  Full Article

Starbucks Says Announces $100 Million Cornerstone Investment In Valor Siren Ventures
Wednesday, 20 Mar 2019 09:00am EDT 

March 20 (Reuters) - Starbucks Corp ::STARBUCKS - ANNOUNCES $100 MILLION CORNERSTONE INVESTMENT IN VALOR SIREN VENTURES.STARBUCKS - ENTERED INTO $2 BILLION ACCELERATED SHARE REPURCHASE PROGRAM OF COMMON STOCK.STARBUCKS SAYS MAINTAINED PAY EQUITY IN THE U.S. THIS YEAR.STARBUCKS - REAFFIRMS ONGOING GROWTH ALGORITHM OF CONSOLIDATED REVENUE GROWTH OF 7% TO 9% AND NON-GAAP EPS GROWTHOF AT LEAST 10% IN LONG TERM.  Full Article

Starbucks's Cliff Burrows, Group President, Siren Retail, Is Taking Unpaid Leave
Monday, 18 Mar 2019 05:51pm EDT 

March 18 (Reuters) - Starbucks Corp ::STARBUCKS CORP - CLIFF BURROWS, GROUP PRESIDENT, SIREN RETAIL, IS TAKING AN EXTENDED UNPAID LEAVE FROM THE COMPANY EFFECTIVE APRIL 1, 2019.  Full Article

Starbucks Says Its Board Recommends Shareholders To Vote "Against" 'True Diversity Board Policy' Proposal At Annual Meeting
Monday, 11 Feb 2019 06:44am EST 

Feb 11 (Reuters) - Starbucks Corp ::STARBUCKS SAYS ITS BOARD RECOMMENDS SHAREHOLDERS TO VOTE "AGAINST" 'TRUE DIVERSITY BOARD POLICY' PROPOSAL AT ANNUAL MEETING - SEC FILING.STARBUCKS SAYS ITS BOARD RECOMMENDS SHAREHOLDERS TO VOTE "AGAINST" 'REPORT ON SUSTAINABLE PACKAGING' PROPOSAL AT ANNUAL MEETING - SEC FILING.  Full Article

As You Sow - Calls On Starbucks Shareholders To Vote For On 'Report On Sustainable Packaging Strategy' Proposal At Annual Meeting
Monday, 11 Feb 2019 06:42am EST 

Feb 11 (Reuters) - Starbucks Corp ::AS YOU SOW, A NON-PROFIT FOUNDATION, SAYS CALLS ON STARBUCKS SHAREHOLDERS TO VOTE FOR ON 'REPORT ON SUSTAINABLE PACKAGING STRATEGY' PROPOSAL AT ANNUAL MEETING - SEC FILING.AS YOU SOW, A NON-PROFIT FOUNDATION, SAYS STARBUCKS "HAS NO TIMETABLE OR SPECIFIC PLAN TO PROVIDE RECYCLING OR COMPOSTING SERVICES AT STORES IN ASIA" - SEC FILING.  Full Article

The St. Joe Company Announces Plans For A New Starbucks On HWY 98 And Richard Jackson Boulevard In Panama City Beach, Florida
Tuesday, 22 Jan 2019 04:05pm EST 

Jan 22 (Reuters) - St. Joe Co ::THE ST. JOE COMPANY ANNOUNCES PLANS FOR A NEW STARBUCKS ON HWY 98 AND RICHARD JACKSON BOULEVARD IN PANAMA CITY BEACH, FLORIDA.ST. JOE CO - CONSTRUCTION ON NEW STARBUCKS IS EXPECTED TO BEGIN BY END OF FEBRUARY.  Full Article

Starbucks says about 350 Non-Retail Partners Will Be laid off
Tuesday, 13 Nov 2018 01:06pm EST 

Nov 13 (Reuters) - Starbucks Corp ::APPROXIMATELY 350 NON-RETAIL PARTNERS WILL BE INFORMED OF ADDITIONAL IMPACTS FROM EFFORTS TO STREAMLINE OPERATIONS.JOB IMPACTS CAME AS A RESULT OF WORK ELIMINATED, DEPRIORITIZED OR SHIFTING WAYS OF WORKING WITHIN CO.  Full Article

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Starbucks' Howard Schultz pauses presidential campaign efforts after back surgeries

WASHINGTON Howard Schultz, the former CEO of Starbucks who began building an independent campaign for president earlier this year, announced on Wednesday that he was pausing his bid after undergoing three back surgeries this spring.