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Starbucks Corp (SBUX.O)

SBUX.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Starbucks Corp files for senior notes offering of up to $1.0 billion - SEC filing​
Tuesday, 21 Nov 2017 05:21pm EST 

Nov 21 (Reuters) - Starbucks Corp :Starbucks Corp files for senior notes offering of up to $1.0 billion - SEC filing​.Starbucks Corp says senior notes will be issued only in minimum denominations of $2,000 and integral multiples of $1,000 thereof.  Full Article

Starbucks expects to open up to 15 stores over next 5 yrs in Jamaica ​
Tuesday, 21 Nov 2017 09:00am EST 

Nov 21 (Reuters) - Starbucks Corp : :Starbucks first store in Jamaica honors country’s rich heritage.Starbucks Corp - ‍up to 15 starbucks stores expected to open over next five years​.  Full Article

Starbucks says opening first princi bakery and cafe location in United States
Tuesday, 7 Nov 2017 03:01am EST 

Nov 7 (Reuters) - Starbucks Corp -:‍ANNOUNCED OPENING OF FIRST PRINCI BAKERY AND CAFÉ LOCATION IN UNITED STATES AT ITS STARBUCKS RESERVE ROASTERY IN SEATTLE​.  Full Article

Starbucks expects earnings of $2.30 to $2.33 per share in 2018
Thursday, 2 Nov 2017 05:18pm EDT 

Nov 2 (Reuters) - Starbucks Corp :Added over 2,200 net new stores to a total of now over 27,000 stores globally‍​.To launch co-branded visa credit card with chase, enabling customers to receive Starbucks rewards with their purchases in Winter.To add approximately 2,300 net new stores globally in 2018.China/Asia pacific will drive roughly half of global store growth in fiscal 2018 with 1,100 net new stores, nearly 600 in China.Americas segment plans to add 900 net new stores, split roughly evenly between company-owned and licensed.Our effects to streamline our business will have an impact on reported 2018 revenue growth.Starbucks - revenue to be impacted by shifts in retail store portfolio, including pending acquisition of East China business & closing Teavana stores.We expect non-GAAP EPS growth of 12% to 13% or $2.30 to $2.33 per share in fiscal 2018‍​.Gains from East China and Tazo transaction likely to contribute over $0.50 to GAAP EPS.Fiscal 2018 consolidated operating margin is expected to be up slightly relative to fiscal 2017.Starbucks Corp - expects moderate margin expansion from CAP segment in 2018, excluding impact from change in ownership structure for east china.As we exit 2018, we'll be growing earnings per share higher than the range that we gave for 2018.EMEA is targeting approximately 300 net new stores, virtually all licensed - conf call.  Full Article

Starbucks reports Q4 non-GAAP earnings per share $0.55
Thursday, 2 Nov 2017 04:05pm EDT 

Nov 2 (Reuters) - Starbucks Corp :Starbucks reports q4 and full year fiscal 2017 results.Q4 non-GAAP earnings per share $0.55.Q4 revenue $5.7 billion versus I/B/E/S view $5.8 billion.Starbucks Corp - ‍q4 global and U.S. Comps up 2%, up 3% adjusted for hurricane impact; China up 8%; global traffic up 1%​.Q4 GAAP earnings per share $0.54.Starbucks Corp - ‍board approves 20% increase in quarterly dividend, to $0.30 per share​.Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S.Starbucks Corp - ‍​announced a new commitment of returning $15 billion to shareholders over the next 3 years through dividends and share repurchases.Starbucks Corp - sees annual consolidated net revenue growth in the high single digits over the long term‍​.Starbucks Corp - sees annual earnings per share growth of 12% or greater over the long term‍​.Starbucks Corp - sees annual global comparable store sales growth of 3 percent to 5 percent over the long term.Starbucks Corp - sees annual roic of 25% or greater over the long term‍​.Starbucks Corp - ‍impact from Irma, harvey affected consolidated, U.S. Comp growth by 1% as over 1,000 stores were temporarily closed for storm related reasons​.Q4 earnings per share view $0.55, revenue view $5.80 billion -- Thomson Reuters I/B/E/S.Starbucks Corp - qtrly comparable store sales up 1 percent for emea ‍​.  Full Article

Starbucks corp enters into a $2.0 bln credit agreement and a $1.0 bln 364-day credit agreement​
Monday, 30 Oct 2017 09:40am EDT 

Oct 30 (Reuters) - Starbucks Corp :‍On October 25, co entered into a $2.0 billion credit agreement and a $1.0 billion 364-day credit agreement​.May request increase from lenders in commitments by amount not exceeding $500 million.Starbucks says 5-year credit agreement provides for $2 billion unsecured, revolving credit facility, is scheduled to mature on oct 25, 2022 - SEC filing​.Starbucks says ‍364-day credit agreement provides for a $1 billion unsecured, revolving credit facility and is scheduled to mature on October 24, 2018​.‍On Oct 27, co increased size of commercial paper program to permit issuance of commercial paper notes in amount not to exceed $3.0 billion.  Full Article

Tata Starbucks reaffirms growth in India with entry into Kolkata in 2018‍​
Tuesday, 24 Oct 2017 07:48am EDT 

Oct 24 (Reuters) - Tata Starbucks Private Limited::Reaffirms growth in India with entry into Kolkata in 2018‍​.  Full Article

Starbucks extends licensing agreement with Maxim’s Caterers Ltd
Thursday, 28 Sep 2017 05:18pm EDT 

Sept 28 (Reuters) - Starbucks Corp :Starbucks extends licensing agreement with long-term partner, Maxim’S Caterers Limited, to accelerate growth in singapore.Starbucks Corp - ‍under agreement, Maxim's Caterers Limited will have exclusive rights to operate and develop Starbucks stores in Singapore​.Starbucks Corp - ‍agreement with Maxim's Caterers Limited to fully license Starbucks operations in Singapore​.  Full Article

Starbucks reports Q3 EPS $0.47
Thursday, 27 Jul 2017 04:05pm EDT 

July 27 (Reuters) - Starbucks Corp ::Q3 GAAP earnings per share $0.47; Q3 Non-GAAP earnings per share $0.55; Q3 total net revenue up 8.1 percent to $5.66 billion.Says will close all 379 Teavana stores over the coming year, with majority closing by spring 2018.Says about 3,300 partners impacted by Teavana retail stores closures to get opportunities to apply for positions at Starbucks stores.Q3 comp store sales up 4 percent globally, up 5 percent in U.S. and Americas,up 1 percent in China/Asia Pacific.Trends in Q3 and ongoing macro pressures impacting retail and restaurant sectors "has us a bit more cautious going into Q4".Q3 EPS view $0.55, rev view $5.75 bln -- Thomson Reuters I/B/E/S.  Full Article

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

Photo

China's budding coffee culture propels Starbucks, attracts rivals

SHANGHAI/LOS ANGELES In Wu Qiong's small cafe in downtown Shanghai, coffee beans nestle in glass jars on the bar while various brews bubble away behind the counter. | Video