|Bid||58.02 x 100|
|Ask||58.18 x 500|
|Day's Range||57.80 - 59.18|
|52 Week Range||52.58 - 64.87|
|PE Ratio (TTM)||19.23|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||1.20 (2.03%)|
|1y Target Est||63.82|
To redeem itself for an incident in which two black customers were removed from a location, Starbucks is going to remove every customer from every location.
Facing furor over racial profiling in the arrest of two black men at a Philadelphia Starbucks, the company announced it will be closing its stores on May 29 to offer unconscious bias training. Some are questioning how effective that will be. (April 20)
Philadelphia's police commissioner apologized Thursday for his remarks following the arrests of two black men at Starbucks. Video of the racially-charged incident went viral -- and has set off a week of protests and change coming from the very top at the coffee chain. CBS News correspondent Michelle Miller reports.
Here are the top stories for Thursday, April 19th: Paul Manafort back in court; Philly police commissioner apologizes for Starbucks arrests; Prosecutor says no charges in Prince's death, Wildlife rehabilitation center cares for bear cubs rescued by state trooper.
Philadelphia's police commissioner is apologizing to two black men who were arrested at a Starbucks in the city. Commissioner Richard Ross, who is black, had previously staunchly defended police for their handling of the incident. (April 19)
Philadelphia Police Commissioner Richard Ross apologized Thursday over the controversial April 12 arrests of two black men in a Starbucks. Ross said the department will be releasing a new policy on how to deal with similar situations in the future.
The two men arrested at a Starbucks in Philadelphia appeared on Good Morning America today, to tell their side of the story.
But in the U.K., most customers of the embattled coffee chain think that the profiling and mistreatment of African Americans is “a uniquely American thing.”
This week, Starbucks responded to public outrage following the arrests of two black men who were simply waiting to meet a friend at one of its Philadelphia locations. As a part of a larger response, it announced it would shut down 8,000 stores for one day to give racial bias training to 175,000 workers. That’s…
A forward PE multiple is calculated by dividing the company’s stock price by analysts’ earnings estimate for the next four quarters. Starbucks’s lower-than-expected SSSG (same-store sales growth) in fiscal 1Q18 and management’s lower 2018 SSSG guidance at the bottom of its earlier guidance of 3%–5% appear to have caused its valuation multiple to fall.
A roundup of some of the most popular but completely untrue headlines of the week. None of these stories is legit, even though they were shared widely on social media. The Associated Press checked these out. Here are the real facts:
As of April 18, 2018, Starbucks (SBUX) was trading at $59.50. On April 13, 2018, Andrew Charles of Cowen and Company downgraded Starbucks from “outperform” to “market perform.” He also lowered the stock’s 12-month target price from $68 to $65. Earlier, on March 29, 2018, Wedbush Securities downgraded Starbucks from “outperform” to “neutral” and lowered its 12-month target price from $70 to $56.
Analysts are expecting Starbucks (SBUX) to post adjusted EPS (earnings per share) of $0.53 in fiscal 2Q18, which represents a growth of 17.8% from $0.45 in fiscal 2Q17. EPS growth is expected to be driven by revenue growth, a lower effective tax rate, and share repurchases. However, some of its EPS growth is expected to be offset by a fall in its EBIT (earnings before interest and tax) margin.
Starbucks (SBUX) is scheduled to announce its fiscal 2Q18 earnings after the market closes on April 26, 2018. As of April 18, 2018, Starbucks was trading at $59.50, which represents a fall of 1.7% since the announcement of its fiscal 1Q18 earnings on January 25, 2018.
Analysts are expecting Starbucks (SBUX) to post revenue of $5.9 billion in fiscal 2Q18, which represents a growth of 12.2% from $5.3 billion in 2Q17. Revenue growth is expected to be driven by the addition of new restaurants, positive SSSG (same-store sales growth), and an increase in sales from channel development. By the end of fiscal 1Q18, Starbucks operated 28,039 restaurants.
Three years ago, after a spate of police killings of unarmed black people sparked protests in US cities from Ferguson to Oakland, Howard Schultz decided the company he built needed to speak up about race ...
Rashon Nelson initially brushed it off when the Starbucks manager told him he couldn't use the restroom because he wasn't a paying customer. He thought nothing of it when he and his childhood friend and ...
The men, Donte Robinson and Rashon Nelson, sat down with ABC's "Good Morning America" as scrutiny of the popular chain and U.S. police tactics widen. The incident put Starbucks, which prides itself on diversity and inclusiveness, at the centre of a social media storm after the cafe manager called police on Nelson and Robinson, who had not made a purchase and were waiting to meet a friend. Police Commissioner Richard Ross, who came under sharp criticism for the incident and his defence of the officers, apologised to Robinson and Nelson and said he had made the situation worse.
A week after their arrests at a Starbucks Corp cafe in Philadelphia sparked protests and calls for boycotts of the coffee chain, the two black men involved broke their silence and said they wanted the incident to change U.S. racial attitudes. The men, Donte Robinson and Rashon Nelson, sat down with ABC's "Good Morning America" as scrutiny of the popular chain and U.S. police tactics widen. The incident put Starbucks, which prides itself on diversity and inclusiveness, at the center of a social media storm after the cafe manager called police on Nelson and Robinson, who had not made a purchase and were waiting to meet a friend.
Philadelphia Police Commissioner Richard Ross offered an apology to two black men who were arrested last week at a Starbucks.
In dealing with its 'race' crisis, Starbucks management can learn from JetBlue's 2007 public relations disaster, called the Valentine's Day Massacre, which the airline turned around by apologizing early ...
Starbucks is not giving out free drinks to people of color. The phony coupons are being spread on social media through accounts that identify as white nationalists. It's likely an attempt to stir more ...