|Bid||57.97 x 200|
|Ask||58.46 x 100|
|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|
The sign for a Starbucks Coffee shop is seen in New York on April 17, 2018, following the company's announcement that they will close more than 8,000 US stores on May 29 to conduct 'racial-bias education' following the arrest of two black men in one of its cafes. For Starbucks, a company that has had its mix of praise and criticism for its proactive stance on addressing race relations in the U.S. with its Race Together campaign, it is ironic that it now finds itself embroiled in a racially motivated backlash that has gripped the company, including calls for boycotts. Following the unfortunate, filmed and wrongful arrest of two black patrons, Rashon Nelson and Donte Robinson, in an all-too-familiar scene at a Starbucks store in Philadelphia, the company has perhaps disproportionately decided to shut 8,000 of its U.S. establishments on May 29 for racial bias training.
The arrests of two nonpaying customers at a Starbucks Corp. cafe earlier this month have raised questions among some employees about how to handle such situations. Starbucks Chief Executive Kevin Johnson said it was wrong that a Philadelphia manager called the police about two black men who asked to use the bathroom without purchasing anything and then allegedly refused to leave when asked. Interviews with current and former Starbucks managers and baristas across the country suggest that the coffee company’s guidelines on how to treat lingering nonpaying customers in general are vague at best—if they exist at all.
In 1930 President Herbert Hoover signed the Smoot-Hawley tariff into law. The mindless legislation placed record levels of taxation on 20,000+ foreign goods. Imports into the U.S. naturally plunged. This pleased members of the political class who saw imports as harmful. At least for a time. What protectionists of the 1930s missed is something that Steve Bannon, Peter Navarro and Donald Trump miss today: if the world’s producers can’t sell to us, they also can’t buy from us. While U.S. producers exported $5.2 billion worth of goods in 1929, by 1933 exports had plummeted to $1.7 billion. With a stroke of a pen, Hoover collapsed global markets for U.S. goods. More than even free traders will admit, Smoot-Hawley looms large when it comes to explaining the slow-growth 1930s. To understand why, it needs to be remembered that jobs are infinite. They are because there are always infinite unmet needs in the world that individuals and businesses are feverishly trying to meet. Free trade is merely an acknowledgment that the more work is divided up among individuals, the more that individuals can specialize. And when individuals are able to specialize, they’re logically much more productive. The 1930s tariffs were anti the very specialization that drives productivity and rising wages. That their imposition occurred in concert with a decline in growth is a statement of the supremely obvious. But that’s a digression. Sort of.
It will close 8,000 U.S. stores for the afternoon of May 29 for racial-bias training after two black men were forcibly removed from a storeReutersSince last Friday, Starbucks’ ‘buzz score’ fell from 13 to -8 on Tuesday, a drop of 21 points in four days. Starbucks has some work to do if it wants to recapture the trust of customers. The coffee giant dropped to its lowest consumer-perception level since November 2015, according to a YouGov BrandIndex score released this week.
Syracuse University permanently expelled a fraternity over an offensive video that drew protests since it emerged in recent days. On its website on Saturday, the university said the expulsion of Theta Tau, a professional engineering fraternity, follows the release of the video which shows members taking a racist and anti-Semitic oath: “I solemnly swear to have hatred in my heart for n-ggers, sp-cs and most importantly the f-ckin’ k-kes.,” some in the video can be heard saying.
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.
from Ferguson to Oakland, Howard Schultz decided the company he built needed to speak up about race in America. “There were some people who said, ‘Howard, this is not a subject we should touch,’” Mr Schultz admitted in a video message to employees.
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 ...
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.