SBUX - Starbucks Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
84.45
-0.95 (-1.11%)
At close: 4:00PM EST
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Previous Close85.40
Open85.44
Bid0.00 x 800
Ask0.00 x 800
Day's Range84.32 - 85.45
52 Week Range60.42 - 99.72
Volume4,430,442
Avg. Volume6,429,600
Market Cap99.735B
Beta (3Y Monthly)0.52
PE Ratio (TTM)28.92
EPS (TTM)2.92
Earnings DateJan 28, 2020
Forward Dividend & Yield1.64 (1.94%)
Ex-Dividend Date2019-11-12
1y Target Est94.12
  • Getting TECHNICAL: Starbux (SBUX) perking up
    Yahoo Finance Video

    Getting TECHNICAL: Starbux (SBUX) perking up

    Joining Yahoo Finance's Myles Udland is Brian Shannon, CMT and founder of www.alphatrends.net, who breaks down the price action in the SPDR S&P 500 ETF (SPY) as well as Starbucks.

  • Starbucks releases new cold brew drink for the holidays
    Yahoo Finance Video

    Starbucks releases new cold brew drink for the holidays

    Starbucks is releasing an Irish cream cold brew for the holidays. Yahoo Finance's Seana Smith, Jared Blikre, Dan Howley and Ines Ferre discuss.

  • Top trending: poor weather causes possible french fry shortage; Starbucks adds new holiday iced drink to menu
    Yahoo Finance Video

    Top trending: poor weather causes possible french fry shortage; Starbucks adds new holiday iced drink to menu

    Yahoo Finance's Adam Shapiro highlights today's top trending stories.

  • This coffee startup can go from vacant space to fully operational in just four hours
    Yahoo Finance Video

    This coffee startup can go from vacant space to fully operational in just four hours

    Bandit, a NYC based mobile-only coffee startup founded by an early Uber employee, can go from a vacant space to fully operational in roughly four hours. Bandit CEO and Founder Max Crowley, and Co-founder James Gallagher join Yahoo Finance's Zack Guzman and Brian Cheung to discuss the company's outlook, and more.

  • SoftBank Will Have ‘Last Laugh’ With WeWork Deal, Bernstein Says
    Bloomberg

    SoftBank Will Have ‘Last Laugh’ With WeWork Deal, Bernstein Says

    (Bloomberg) -- SoftBank Group Corp.’s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the “last laugh.”Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and more carefully focuses on the evolution of the corporate office market. He likens WeWork’s business model to Starbucks’s, where branding, consistency and global scale give it an advantage over the competition.Lane argues WeWork can achieve profitability if it pulls back on extraneous areas and calms a frenetic pace of expansion to focus on filling up existing space. That will allow it to grab an estimated 8% of an emergent market for pre-fitted offices for corporate clients, almost like a white-label tech gadget or home appliance.“We think investors should think of the basic business as being similar to Starbucks,” Lane wrote in a 21-page research report. “While profitable, the scale of profits that can be generated from a single site is small. Starbucks as a corporation only makes sense if you plan to open thousands of outlets.”It’s a contrarian take on a WeWork deal that has been widely viewed as a fiasco. After SoftBank invested in the co-working startup, its planned initial public offering fell apart as investors balked at its enormous losses and conflicted governance. Son conceded “there was a problem with my own judgment” as he announced the writedown last month. SoftBank has put about $14 billion into a startup that’s now valued at less than $8 billion.After discussions with management, Lane explains they see an opportunity for WeWork to move beyond the niche of providing space for entrepreneurs to offering flexible real estate for a broad range of companies. He calls this “managed space as a service” and compares it to “software as a service,” which is the way many companies now buy from Microsoft Corp. and Salesforce.com Inc. WeWork, Lane says, sees the potential to make $500 per month on memberships as “an on-going annuity,” far more than software generates.SoftBank named Marcelo Claure, the former chief executive at Sprint Corp., executive chairman of WeWork and put him in charge of the turnaround effort. Under his leadership, Lane says the company will be able to focus on profitability by stopping any incremental expansion, filling its existing space and slashing overhead by getting rid of expansion staff and non-core businesses. WeWork’s ability to gather data about office-use and optimize layouts -- while not entirely substantiated -- could prove disruptive to the industry, he added.He estimates that WeWork’s revenue will rise from $720 million a quarter to about $1.5 billion if it can push occupancy to 90% on its current portfolio. Once profitable, WeWork will once again try to go public, perhaps in 2023, and then raise additional capital to resume expansion, albeit more slowly than before.With a discounted cash flow model, Lane projects WeWork would have an enterprise value of $28.8 billion in 2025. That would make SoftBank’s 80% stake worth about $19.1 billion, roughly 40% more than the estimated $13.8 billion the company and its Vision Fund have invested.“We believe WeWork’s valuation is justified if you believe in the long-term, ‘office space’ will be a managed service outsourced to professionals – and that WeWork will be the leading global player,” Lane wrote. “Despite the huge embarrassment WeWork has been for SoftBank this year, we suspect SoftBank will have the last laugh when they bring the company back to market in a few years – bigger and profitable.”To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Top Stock Reports for ExxonMobil, Starbucks & Diageo
    Zacks

    Top Stock Reports for ExxonMobil, Starbucks & Diageo

    Top Stock Reports for ExxonMobil, Starbucks & Diageo

  • Bloomberg

    Starbucks Discloses Gender and Racial Pay Gap: There Isn’t One

    (Bloomberg) -- Starbucks Corp., for the first time, is disclosing how much less women at the coffee chain earn than men in the U.S.: zero dollars. That’s in contrast to the nation’s workforce overall, in which women make on average 19% less than men. Starbucks also says it has no racial pay gap.Starbucks joins Citigroup Inc. in reporting figures for median pay, a rarity among U.S. companies, which are not required to release diversity data publicly. The U.K. has required organizations to report such data for workers since 2018. There, women at Starbucks make 5% less than men. Globally, its female employees make 98.3% of what men do.“Starbucks has been focused on diversity and equity for a long time, and you can see it in their numbers,” said Natasha Lamb, managing partner at Arjuna Capital, which pressures companies to reveal pay data for greater gender equality. “But having little to no adjusted or unadjusted gender pay gaps really sets them apart.”Starbucks’ parity shows not only that women get “equal pay for equal work” but also that they have achieved as many high-paying roles as men.“Pay equity has long been a priority at Starbucks,” said Bailey Adkins, a spokesperson for the chain. “We’ve done serious work to ensure women and men are compensated fairly.”Pressured by Arjuna, some of the biggest banks and tech companies have disclosed the pay gap between men and women doing the same work—often referred to as pay equity. Companies have resisted sharing their median pay gaps, which could be embarrassing. After Citigroup reported that women at the bank earn 29% less than men, its peers chose not to follow. In the U.S., the bank also pays people of color 7% less than their white co-workers.On Wednesday, Microsoft Corp.’s shareholders voted down a measure calling for median pay disclosure. Arjuna says it will file resolutions at more than a dozen technology, financial and retail companies for the 2020 proxy season. It withdrew its proposal from Starbucks.\--With assistance from Leslie Patton.To contact the reporter on this story: Jeff Green in Southfield, Michigan at jgreen16@bloomberg.netTo contact the editors responsible for this story: Rebecca Greenfield at rgreenfield@bloomberg.net, Philip GrayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • American City Business Journals

    Automotive Minute: Rolls-Royce to auction bespoke Phantom to benefit HIV/AIDS programs (Photos)

    On the heels of World Aids Day and #GivingTuesday, Rolls-Royce, a subsidiary of BMW, announced that it has provided a bespoke red Phantom for auction by Sotheby's to benefit (RED). The winning bidder will have the opportunity to collaborate with contemporary artist Mickalene Thomas to create a custom wrap for their car, based on a work of art inspired by the car. "It is an honor and privilege to present this one of a kind commission created at the Home of Rolls-Royce in Goodwood, England," commented Martin Fritsches, president and CEO of Rolls-Royce Motor Cars Americas.

  • Bloomberg

    Starbucks Is Replicating Its Too-Fast U.S. Growth in China

    (Bloomberg) -- When Starbucks Corp. took its American playbook to China two decades ago, that included a controversial chapter: grow extra fast and cannibalize your own stores’ sales.After snagging enviable 5% growth in the key country in the latest quarter, the coffee giant warned again Tuesday that its China comparable sales could rise as little as 1% this fiscal year. The 1% to 3% growth expected in China would be slower than the 3% to 4% expansion expected in the U.S., despite saturation at home.“We have picked up the pace of new unit development, and with that comes cannibalization,” Chief Financial Officer Patrick Grismer said during an investor conference hosted by Morgan Stanley.Intentional Strategy“We’re effectively doing it to ourselves, we’re doing it intentionally in the interest of growing total transactions and total sales,” he said, while adding that rising competition and slowing economic growth are also having an impact.The company is opening a location in China about every 15 hours, with an ultimate goal of adding about 600 new cafes this year to its current count of 4,125.Starbucks over the past several years followed a similar pattern in its home market by opening too many stores too quickly. Sales couldn’t keep up with the openings, and the chain closed about 150 stores in densely penetrated U.S. areas in its last fiscal year.With slower growth in the U.S. -- especially urban areas -- Starbucks has started opening smaller pick-up only locations. It’s also focused more on rural and suburban real estate with drive-thrus, especially across the Sun Belt region. Performance in the U.S. has shown signs of rebounding.Starbucks, which has identified the U.S. and China as its key areas of focus, has called out slower growth in China over the past 18 months and even reported a rare negative comparable sales quarter there in 2018. To combat rising competition from brands like Luckin Coffee Inc., Starbucks has been expanding delivery and increasing its advertising.\--With assistance from Cristin Flanagan.To contact the reporters on this story: Leslie Patton in Chicago at lpatton5@bloomberg.net;Jonathan Roeder in Chicago at jroeder@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Sally BakewellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    Starbucks Takes Advantage Of Cold Brew Growth For The Holiday Season

    Coming soon to a Starbucks Corporation (NASDAQ: SBUX ) store near you: an Irish Cream Cold Brew. The new cold beverage consists of a standard cold-brew coffee , mixed with Irish cream syrup and topped ...

  • MarketWatch

    Starbucks latest holiday beverage launches, Irish Cream Cold Brew

    Starbucks Corp. launched its latest holiday beverage in the U.S. and Canada on Tuesday, the Irish Cream Cold Brew, made with cold brew coffee, Irish Cream syrup and vanilla sweet cream cold foam. Half of Starbucks' U.S. beverage sales are cold drinks. A hot version, the Irish Cream Americano, will be available in Canada. This latest beverage joins the menu of holiday-themed drinks, which includes Peppermint Mocha and Toasted White Chocolate Mocha. Starbucks stock, which slipped 0.3% in premarket trading, has rallied 31.3% year to date, while the SPDR Consumer Discretionary Select Sector ETF has advanced 22.7% and the S&P 500 has gained 24.2%.

  • American City Business Journals

    This is what workers earn at some of Washington's largest public companies

    It's only the second year median worker pay disclosures have been required, and not all the more than 70 public companies in Washington state have released those figures.

  • Starbucks (SBUX) Dips More Than Broader Markets: What You Should Know
    Zacks

    Starbucks (SBUX) Dips More Than Broader Markets: What You Should Know

    Starbucks (SBUX) closed at $84.57 in the latest trading session, marking a -1.01% move from the prior day.

  • Where you should invest your money in the next decade: strategists
    Yahoo Finance

    Where you should invest your money in the next decade: strategists

    Here's how to think about investing over the next decade.

  • Ignore the Canopy Growth Ambulance Chasers
    InvestorPlace

    Ignore the Canopy Growth Ambulance Chasers

    On Nov. 21, in response to several potential class-action suits in the United States, Canopy Growth (NYSE:CGC) issued a brief statement acknowledging the legal issues it could be facing. Although the company believes the claims are without merit, CGC stock fell on the news. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsCanopy has enough issues at the moment. Class-action suits are just another to add to the pile. While it can't ignore these potential suits brought by law firms I believe are masquerading as ambulance chasers, interim CEO Mark Zekulin and the rest of the board of directors must keep their eyes focused on continuing to grow Canopy's business. A loss of focus at this point could be fatal. It's got to carry on, leaving the legal matters to its lawyers. That's what they're paid for. Here are a couple of matters more pressing for Canopy as it heads into 2020. Finding a New CEOIt's been a couple of months since Canopy chairman John Bell told the media that the company would have a new CEO by the end of 2019. Well, we've come to Thanksgiving without an announcement. That leaves five weeks to lock down a chief executive. Talk about cutting it close. * 7 Entertainment Stocks to Buy to Escape Holiday Blues The reality is the hiring of a new CEO might slide into 2020. Better to get the right person early next year than the wrong person before the turn of the calendar. The appointment's that important. In August, I recommended three highly-capable executives Canopy should go after in its quest to be the biggest and best cannabis company on the planet. One of my suggestions could be available. From Shoes to Pot?In October, Mark Parker, the CEO of Nike (NYSE:NKE) for the past 13 years and a Nike employee since 1979, abruptly resigned as chief executive. Although Parker will become executive chairman of Nike on Jan. 13, the demands on the 64-year-old businessman won't be nearly as time consuming as those of the CEO.I suggested that Parker was a long shot given his age and commitment to the Nike lifestyle. That said, his understanding of global brands would be incredibly helpful to Canopy as it grows beyond its Canadian roots. My other two suggestions: Williams-Sonoma (NYSE:WSM) CEO Laura Alber and Starbucks (NASDAQ:SBUX) COO Rosalind Brewer are also long shots. Alber has one of the best CEO jobs in the world, and Brewer is likely to succeed Kevin Johnson as CEO.Whoever the company appoints has to be someone familiar with branded products. Until it gets its woman or man locked down, Canopy can't afford to spend a single minute worrying about these class-action suits. Canopy and Constellation Have Got to Kiss and Make UpCanopy's shares fell almost 10% on Nov. 22 after controlling shareholder Constellation Brands (NYSE:STZ) suggested the gravy train was over for its Canadian partner. In its Nov. 22 U.S. Securities and Exchange Commission filing, Constellation had the following to say about its significant investment in the cannabis producer:"[Constellation] does not plan to make additional cash contributions to Canopy beyond any possible exercise of the warrants. Constellation believes that Canopy is adequately capitalized with more than C$2.7 billion cash and marketable securities on hand as of September 30, 2019."Can you blame it?Canopy Growth stock is down 33% year-to-date. Over the past year, CGC is off more than 46%. In the same period, STZ stock has a total return of 16% year-to-date, but it's down almost 5% over the past 52 weeks. A lot of that has to do with Canopy's disintegrating stock price, not some deterioration of its beer, wine or spirits businesses. Canopy has the strongest financial position among the top six Canadian cannabis producers. In early November, I highlighted how it and Cronos Group (NASDAQ:CRON) tower over the other four major competitors. The new CEO will be pleased to inherit a business whose balance sheet is as solid as they come. The Bottom Line on Canopy Growth StockYes, it has recorded some massive losses in recent quarters -- 1.7 billion CAD in the first six months of fiscal 2020 -- but the long-term prognosis for the company remains intact. The ambulance chasers are launching suits because, in a stock market like the one we've got right now, somebody must pay for making investors look silly. And it isn't going to be the lawyers. Suck it up, snowflakes. You win some. You lose some. That's the game of investing. Live with it. At the time 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 Things to Watch for into 2020 for Safer Income & Growth * 7 Entertainment Stocks to Buy to Escape Holiday Blues * 5 "Strong Buy" Biotech Stocks With More Than 80% Upside The post Ignore the Canopy Growth Ambulance Chasers appeared first on InvestorPlace.

  • MarketWatch

    Starbucks launches latest limited holiday drink: Irish Cream Cold Brew

    Starbucks Corp. launched its latest limited-time beverage on Monday, Irish Cream Cold Brew, an iced Starbucks Cold Brew coffee flavored with Irish Cream syrup topped with vanilla sweet cream cold foam and cocoa powder. About half of U.S. Starbucks beverage sales are cold drinks, the company said. There are hot holiday-themed drinks on the menu to choose from as well, including Peppermint Mocha. Starbucks stock is up 32.7% for the year to date while the S&P 500 index has gained 25.3% for the period.

  • TheStreet.com

    [video]China's Luckin Coffee Matching Starbucks at Its Own Game

    Luckin's digital focus is shining, according to one analyst. That poses a particular threat to Starbucks' China business.

  • Barrons.com

    Wall Street Has Gone Gaga Over Bitcoin. But Investors No Longer Seem to Care.

    There is now an infrastructure for cryptocurrency. But a lack of utility and the 2018 rout has dampened investor enthusiasm.

  • Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago
    Yahoo Finance

    Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago

    Yahoo Finance hits the stores to see how Black Friday has started for retailers.

  • James Glassman's Top Stock Picks for 2020
    Kiplinger

    James Glassman's Top Stock Picks for 2020

    Nvidia may be the best artificial intelligence play. The stock has bounced off its June low but still offers excellent value.

  • Teamworks versus Starbucks: Why a small Durham tech firm is suing a coffee giant
    American City Business Journals

    Teamworks versus Starbucks: Why a small Durham tech firm is suing a coffee giant

    A Durham technology company is suing java giant Starbucks in North Carolina Business Court, alleging that the Seattle coffee giant is infringing on its trademarks – and creating confusion with its own baristas.

  • MarketWatch

    Starbucks switching to paper straws in Japan starting January 2020

    Starbucks Corp. will make the switch to paper straws in Japan starting January 2020, eliminating 200 million single-use plastic straws each year from the 1,500 stores in that country. Standard sized straws will be available in all stores by March and large straws for drinks like frappuccinos will be in stores by May. Starbucks stock has gained 31.3% for the year to date while the S&P 500 index is up 25.3% for the period.

  • Bloomberg

    Starbucks and Chick-fil-A Drop Out of the Culture Wars

    (Bloomberg Opinion) -- Their origins couldn't be more different -- one in the liberal Pacific Northwest, the other in the Bible Belt. And yet despite existing in a consumer brand landscape increasingly caught in the same polarizing trends seen in our politics, Starbucks Corp. and Chick-fil-A Inc. are converging on the exact same customer base, shaping what middle America means in the 21st century.Succeeding as a consumer brand in the 2010s is impressive in its own right; doing it while pivoting from a distinct cultural base to something more universal is even more challenging when considering larger trends in American business. We've seen media networks sort into outlets that cater to either liberals or conservatives. Pro sports leagues have dealt with the same issues, with the National Basketball Association and Nascar moving in opposite directions. Even a clothing staple as innocuous as blue jeans has seen San Francisco-based Levi's cater more to liberals while Wrangler has trended toward conservatives.Starbucks and Chick-fil-A are different. The No. 2 and No. 3 U.S. restaurant chains have dealt with their share of cultural controversies during the past several years. They have done it by slowly but steadily pivoting away from their regional origins.For Starbucks, the challenge was expanding from its roots in Seattle with an urban, liberal, largely white brand identity to something more universal. The company didn't come to Manhattan until 1994, 23 years after its founding. During that time it moved into cities in the rest of the U.S., then urban areas overseas. With the cities conquered, suburbs were next, which meant drive-through windows for car-centric middle America and adding food and cold beverages to cater to a wider range of tastes and preferences.Being a universal brand requires a universal culture. So, for example, in 2015, Starbucks removed all graphic designs associated with Christmas from its takeout cups, replacing them with plain  red holiday cups, leading to brief and now-forgotten backlash. In 2018, after store employees in Philadelphia complained to police, two black men who were waiting to for a business associate were arrested when they asked to use the bathroom. The episode led the company to close all of its stores for a day to conduct diversity training. For Chick-fil-A, the challenge has been to evolve from a company whose culture is heavily influenced by the religious ethos of its founder, a devout Southern Baptist. As with Starbucks, geographic expansion came before cultural change. As recently as 2013, Chick-fil-A had more locations in Alabama than it had on the entire West Coast, and it had little presence in the Northeast. Liberal consumers and those outside of the South held negative view of the company because of its opposition to same-sex marriage, with company president Dan Cathy defending his position in 2012. That led to boycotts, which eventually ended when the company reversed its stance a couple months later.Expansion outside of its core geographic market continued, with Chick-fil-A's first New York store opening in 2015. While sales growth has remained robust, the company couldn't shake its image as a foe of LGBTQ rights. It's in that spirit -- perhaps after the planned closure of its first store in the U.K. amid gay-rights protests -- that the company earlier this month said it would change its philanthropic policies to placate the demands of activists.The company has moved in a cosmopolitan direction in other ways. It expanded its menu to include options like cold-brew coffee and bowls featuring kale and quinoa. Its marketing has also shifted to emphasize diversity and a recent television ad featured a voiceover of a man with a Hindi accent. Although it still has work to do to conquer North America, it's clear that Chick-fil-A has ambitions abroad, and doesn't want cultural obstacles to get in the way.If corporations used to define middle American consumers in the past as white Christian families in the Midwest, Starbucks and Chick-fil-A seem to suggest an updated version is taking form that defines the market with broader demographic sweep and that includes consumers in cities, suburbs and exurbs across the nation. People of all backgrounds are welcome. Religion is de-emphasized. In our polarized environment, there may not be many institutions that most or all Americans can embrace, but it look as if coffee and chicken sandwiches may turn out to be the exception. To contact the author of this story: Conor Sen at csen9@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Conor Sen is a Bloomberg Opinion columnist. He is a portfolio manager for New River Investments in Atlanta and has been a contributor to the Atlantic and Business Insider.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Is Starbucks Corporation (SBUX) Going to Burn These Hedge Funds?
    Insider Monkey

    Is Starbucks Corporation (SBUX) Going to Burn These Hedge Funds?

    Does Starbucks Corporation (NASDAQ:SBUX) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend to […]

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    GuruFocus.com

    Urbem's 'Wonderful Business' Series: Monster Beverage

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