50.62 0.00 (0.00%)
After hours: 7:59PM EDT
|Bid||50.62 x 2200|
|Ask||50.67 x 1200|
|Day's Range||50.36 - 52.62|
|52 Week Range||50.36 - 61.94|
|PE Ratio (TTM)||16.61|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||1.20 (2.10%)|
|1y Target Est||61.50|
Thursday, June 21: European Union and India to slap retaliatory tariffs on US exports, including cigarettes, motorcycles and bourbon; President Donald Trump signed an executive order halting his child separation act, but a new report reveals the cost to house separated migrant children and families; Starbucks continues to reel in the wake of two black men being arrested in a Philadelphia store, with stock falling to lowest level since 2015. Yahoo Finance's Dan Roberts reports.
The home of the $5 latte saw its shares dive 3% to $50.59 on Thursday as investors digested a shaky TV performance by Starbucks CEO Kevin Johnson on Wednesday and his attempt to reset Wall Street expectations. Starbucks shares are now down by 12.2% on the year. On Tuesday evening, Starbucks said it would shutter 150 U.S. stores next year amid heightened competition from the likes of upstart Blue Bottle and new ready-to-drink coffee aisles in grocery stories.
Diners like the convenience and affordability of fast-food and fast-casual restaurants, a trend that shows no sign of slowing. Many of these chains have a presence across the country as they continue to expand. Here is a quick look at stories about the leading brands in the industry as recently reported by The Business Journals and other media.
Continuing worry over international trade has been weighing on stock futures, as investors appear to be worried about the implications for global growth and for large multinational companies. This week, President Trump threatened tariffs on an additional $200 billion in Chinese goods on top of the $50 billion he targeted last week. China responded tit for tat.
I am writing today to help inform people who are new to the stock market and want to begin learning the link between Starbucks Corporation (NASDAQ:SBUX)’s fundamentals and stock marketRead More...
Moody's Investors Service downgraded Starbucks Corp.'s (sbux) senior unsecured rating by one notch to Baa1 from A3 Wednesday, after the company's decision to "materially" increase its debt load to support shareholder returns. Starbucks said Tuesday it is planning to return $25 billion to shareholders through 2020, up from a plan to return $15 billion in 2018. "The material increase in Starbuck's fixed shareholder return target will result in significantly higher debt levels and weaker credit metrics at a time of operating challenges" Moody's Senior Credit Officer Bill Fahy said in a statement.
Starbucks Corp. (sbux) said Thursday that it is launching two new limited-time Cold Foam Tea Lemonades on June 22 in the U.S. and Canada. Summer Sunrise includes a pineapple infusion and foam that's flavored with Teavana Passion Tango herbal tea. Passion Tango tea is included in the Summer Sunset beverage as well.
U.S. stock futures are lower this morning, and the Dow Jones Industrial Average is on pace for an eight-session losing streak. Trade fears are dominating market sentiment, with U.S. tensions with both China and the EU pressuring stocks.
Investors need to pay close attention to Starbucks (SBUX) stock based on the movements in the options market lately.
Starbucks Corp. executives said a planned marketing push for afternoon sales was halted after an April racial bias incident and follow-up sensitivity training across many of its locations, which hurt same-store sales for the fiscal third quarter. The “Afternoon Made” campaign was postponed for two weeks, according to Kevin Johnson, chief executive of Starbucks (SBUX) , who spoke with other executives at the Oppenheimer 18th Annual Consumer Conference on Tuesday. Starbucks has been focused on afternoon visits as a sales driver.
NEW YORK, NY / ACCESSWIRE / June 21, 2018 / Shares of Starbucks hit a new low after the coffee powerhouse lowered guidance for same-store sales and announced that it would be closing over 150 stores in fiscal 2019. Papa John's International, Inc. shares closed up 5.54% on a little over 4 million shares traded on Wednesday. Last week, Stifel Nicolaus analyst Chris O'Cull, lowered his price target on Papa John's shares to $50 from $57.
Howard Schultz’s departure from Starbucks (NASDAQ:SBUX) comes at a very delicate point in the company’s history. Should a full-blown trade war break out between China and the U.S. it could do serious harm to SBUX stock. Starbucks had its first-ever China investor conference in May where it highlighted its plans for the future in its fastest-growing market.