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Starbucks Corporation Message Board

  • davecarneyinc davecarneyinc Nov 4, 2010 1:51 AM Flag

    SBUX may hit but will Guide Down Because

    The whisper number is $.34 and they may hit it, but beware of guidance. SBUX will guide down because of: 1)Huge discounting and coupons of Starbucks and Seattle Best coffee at all retailers that carry them 2) Maxwell House distributor is raising distribution costs 3)Huge increase in coffee prices, sugar prices and milk cost and more projected increases coming 4)Increase in corporate tax rate 5)Loss of wi-fi fees 5)Wage increases in Europe and some states 6)Costa Coffee took market share from SBUX in Britian and Europe with huge advertising blitz (Costa sales up 27%) 7)SBUX sales have slowed somewhat in China (We honestly can't figure out why, but it is true). Margins also will be very soft next quarter.

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SBUX
51.04-0.80(-1.54%)1:59 PMEDT