|Bid||64.93 x 1400|
|Ask||64.95 x 800|
|Day's Range||63.58 - 65.84|
|52 Week Range||47.37 - 68.98|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||20.05|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||1.44 (2.18%)|
|1y Target Est||67.00|
It's a big day for Starbucks. The coffee giant is talking to investors today as it plans its next big initiatives. Julia La Roche sits down with Starbucks COO Roz Brewer to discuss the company's plans for 2019
Starbucks is partnering with UberEats for delivery from about 3,500 U.S. stores and is nearly doubling its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent. Roselle Chen reports.
Stocks give up some early gains as a chaotic week rolls on on Wall Street. Plus - GE getting some LOVE - yes love on Wall Street. It's the call of the day. And - the CEO of Norwegian Cruise Lines gives us the trade ahead of prime winter vacation season. Plus - Starbucks with a big reveal in New York - we have a live report from their investor day. Catch The Final Round at 3:00 p.m. ET with Jen Rogers, Yahoo Finance's Editor-in-Chief Andy Serwer and markets correspondent Myles Udland.
The Dow Jones Industrial Average fell sharply Friday after retail sales and industrial output in China missed expectations in November. fell 9.3% Friday following a report that said the company knew for decades that its iconic baby powder sometimes contained asbestos and failed to alert authorities. slumped 2.9% after the coffee chain unveiled an aggressive expansion strategy in China that could be at risk from slowing consumer sales in the world's second-largest economy.
Starbucks stock was recently down 3.5% to near $65 as U.S. indexes retreated. The company yesterday reaffirmed its fiscal 2018 financial targets, released in November, that included global comparable-store-sales growth closer to 3% than 5%, and consolidated revenue growth of 5% to 7%. Investors, however, may have chosen instead to focus on the company’s longer-term targets, which included estimates of earnings-per-share growth (according to nonstandard accounting) of “at least” 13% in fiscal 2020 and 2021—and “longer-term” revenue and non-GAAP EPS growth of 7% to 9%, and at least 10%, respectively.
The following is the unofficial transcript of a CNBC EXCLUSIVE interview with Starbucks CEO Kevin Johnson, Uber CEO Dara Khosrowshahi and CNBC's Jim Cramer on CNBC's "Squawk on the Street" (M-F 9AM – 11AM) today, Friday, December 14th. Additional footage of the interview will air in CNBC's "Mad Money w/ Jim Cramer" today Friday, December 14th at 6:00pm ET.
Starbucks (SBUX) expects long-term earnings growth rate of at least 10%. The company is also focusing on expanding its footprint in China.