|Bid||70.00 x 2200|
|Ask||71.10 x 900|
|Day's Range||70.44 - 71.12|
|52 Week Range||47.37 - 72.18|
|Beta (3Y Monthly)||0.41|
|PE Ratio (TTM)||31.54|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||1.44 (2.03%)|
|1y Target Est||69.40|
Starbucks Rewards members will soon be able to redeem their "stars" for a wider range of redemption options. New members to the program will also be able to start earning points for redemption right away. Ahead of its annual shareholders meeting Wednesday, Starbucks SBUX announced plans to switch up its North American loyalty program in a bid to keep growing its membership as it continues rolling out delivery.
An activist investor wants to know what drug giant Gilead is doing with its multibillion-dollar windfall from the 2017 federal tax overhaul.
Trade conflicts are damaging the global economy and Europe must speak with one voice to maxmimise its bargaining power, German Finance Minister Olaf Scholz said on Monday. "Trade conflicts, as we have seen over the last months – especially between richer countries only thinking of their own (short-term) interest – are damaging the world economy," Scholz said in speech at a 'World Policy Forum' conference in Berlin. It is obvious that we have much more bargaining power if we speak with one European voice," Scholz added.
Maryland could be the first U.S. state to ban polystyrene foam containers and cups. Lawmakers and consumers have been pushing restaurants to become greener, as shown by last year's debate over plastic straws. A ban would put pressure on restaurants to find eco-friendly alternatives and decide what options work best for their business.
Maryland is one step closer to becoming the first state to ban foam containers, a move that would push restaurants to find alternatives for their takeout boxes and could lead to similar action by others states.
Today Starbucks celebrated its 30,000th store – opened in Shenzhen, China – marking a significant global milestone for the company. The 30,000th store, the Starbucks Reserve® Shenzhen Bay Mix City location, is a tribute to the company’s coffee leadership around the world. “The opening of Starbucks 30,000th store is a proud moment for all Starbucks partners,” said Kevin Johnson, president and ceo Starbucks Coffee Company.
Starbucks President and CEO Kevin Johnson wants his company to move faster. In China, Starbucks is opening a store every 15 hours as it tries to stay ahead of cheaper competitors. Starbucks' new Cloud Macchiato was developed, tested and approved in four weeks last spring.
President and CEO Kevin Johnson wants the company to serve even more. In the U.S., Starbucks is introducing delivery, opening more drive-thrus and developing new menu items more quickly. It's a tall order for the former tech executive, who joined Starbucks' board in 2009 and became CEO in 2017.
As Luckin reportedly moves toward a U.S. listing at a $3 billion valuation, one analyst says Starbucks has a serious challenger in China.
Starbucks (NASDAQ:SBUX) is facing increased competition in its extremely important Chinese market. That's got owners of Starbucks stock worried. Source: StarbucksInvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the owners of Starbucks stock shouldn't be worried because the increased competition suggests that the Chinese coffee market is becoming healthier. * 15 Stocks That May Be Hurt by This Year's Big IPOs The Chinese Coffee Market Is HotIt is so hot at the moment that the chairman of Luckin Coffee, which only launched in October 2017, has reportedly demanded a $200 million loan from investment banks interested in getting a seat at the table if and when the company goes public. Expected to have 4,500 locations open across China by the end of 2019, Luckin Chairman Lu Zhengyao is severely testing the patience of investment banks. Luckin began working on its IPO in late January. By the end of February, it had hired Credit Suisse (NYSE:CS) as one of the banks to take it public; Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) are both advising Luckin, but have yet to be granted a formal role, making them susceptible to the $200 million shakedown. Who Is Luckin Coffee?Based in Beijing, the homegrown brand has opened 2,000 locations over the past 18 months in 22 Chinese cities. It plans to open another 2,500 in 2019, bringing the total number of cities where it has locations to 40 and making it the largest coffee chain nationwide in terms of stores open and the number of cups of coffee served. By comparison, SBUX has 3,600 stores in more than 150 cities, is increasing the number of stores it opens by almost 20% a quarter, and generally has locations that are significantly bigger than Luckin's stores. Luckin's business has little to do with the customer experience and everything to do with low prices, discounting through two-for-one offers, and speedy delivery and takeout. For example, a coffee costs $3 at Luckin, 50 cents cheaper than at Starbucks. Take that to the next level with a two-for-one deal, and the price for a cup of joe drops to $1.50. It's the dollar store of coffee. Luckin is looking to go public with a valuation around $3 billion, putting it on par with Starbucks stock, despite losing $120 million in 2018.It plans to list on the NYSE, in part because the Hong Kong Stock Exchange requires companies that list on it to have three years of operating history. There Is Other CompetitionSBUX is well-aware of the competition in the Chinese market. Iconic Canadian coffee brand Tim Hortons, owned by Restaurant Brands International (NYSE:QSR), which also owns Burger King and Popeyes, opened its first store in China at the end of February. Hortons has big plans for China. In 2019, it will open 10-20 stores in Shanghai, hoping to become the preferred brand for consumers looking for more than just coffee from their visit. It's not going to be easy, since Costa Coffee, and Dunkin' Brands (NASDAQ:DNKN) also are competing for customers in a country in which just 33% of the population bought a cup of coffee in 2017. "Tim Hortons will need to offer not just something unique that Chinese consumers can't find at other chains, but also spend heavily on marketing to build awareness of the brand," said Jason Yu, Shanghai-based general manager of Kantar Worldpanel in Greater China.Starbucks has been in China since 1999. It's earned the right to call itself the country's preferred coffee destination. Over the long-term, SBUX believes it will have more stores in China than it does in the U.S., where it has more than 14,000 stores. The Bottom Line on Starbucks StockGood businesses don't fear competition; they embrace it. As coffee becomes more accepted in China, there is going to be room for many competitors, including Luckin. The owners of Starbucks stock ought to happy about the increased competition. It's a sign the coffee market is maturing and expanding in China, which ultimately should significantly boost the company's overall profits. lifting Starbucks stock. Starbucks stock, in my opinion, remains a buy. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post Will Increased Competition in China Affect Starbucks Stock? appeared first on InvestorPlace.
Demand for restaurant services depends on consumer spending. In a fiercely competitive industry, these three restaurant stocks stand to gain.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show how you can use Starbucks Corporation's (NASDAQ:SBUX) P/E ratioRead More...
An entrepreneur sees an opportunity to do for dry cleaning what Starbucks did for coffee as more people want others to handle their laundry.
Starbucks Corporation will hold its Annual Meeting of Shareholders on Wednesday, March 20, 2019 at 10:00 a.m. PT. The meeting will be webcast, including closed captioning, and can be accessed on the company’s website: http://investor.starbucks.com.
About a mile north of the site that Amazon.com Inc. abandoned for its proposed New York City campus, a tiny coffee roasting co-op is welcoming anyone from cafe owners to hip consumers wanting to prepare their own green beans. Regalia’s model, which lets customers rent time at its roasting machines, is attracting a wave of trendy Americans looking to ditch the traditional brands that have long dominated the coffee scene in favor of specialty beans and a more artisan cup of joe.
Domino's Pizza's (DPZ) efforts to fortify presence in high-growth international markets and sales building efforts bode well. However, higher costs and negative currency translation woes linger.