51.25 -0.09 (-0.18%)
After hours: 7:59PM EDT
|Bid||51.17 x 3100|
|Ask||51.30 x 1400|
|Day's Range||51.00 - 51.49|
|52 Week Range||47.37 - 61.94|
|PE Ratio (TTM)||16.84|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||1.44 (2.89%)|
|1y Target Est||59.43|
The head of the FDA is planning to stop non-dairy beverage manufacturers from using the word "milk" to market their products.
Can Starbucks Beat Analysts’ Expectations in Fiscal Q3 2018? Wall Street analysts expect Starbucks (SBUX) to post EPS of $0.61 in the fiscal third quarter, which represents a rise of 10.9% from its EPS of $0.55 in the corresponding quarter of the previous year. The company’s EPS growth is expected to be driven by revenue growth and share repurchases.
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.
Can Starbucks Beat Analysts’ Expectations in Fiscal Q3 2018? Wall Street analysts expect Starbucks (SBUX) to post revenue of $6.26 billion in the fiscal third quarter, a rise of 10.5% from $5.66 billion in the corresponding quarter of the previous year. This revenue growth will likely be driven by the company’s addition of new restaurants over the last four quarters, positive SSSG (same-store sales growth), and growth in the consumer packaged goods business.
Can Starbucks Beat Analysts’ Expectations in Fiscal Q3 2018? Starbucks (SBUX) is scheduled to announce its fiscal third-quarter earnings after the market closes on July 26. On June 19, Starbucks’s management announced that it was expecting global same-store sales growth of 1% for its fiscal third quarter, lower than analysts’ consensus expectation of 3%.
Starbucks U.S. same-store sales have slowed and may face competition in China, analysts say, which should lower growth expectations.
Starbucks Corp. (sbux) said Thursday that it will open a cafe in October that caters to the needs of the deaf and hard of hearing. All of the associates in the new Washington, D.C., store, about 20 to 25, will be fluent in American Sign Language (ASL). It will be located near Gallaudet University.
Starbucks (SBUX) will open its first Signing Store in the U.S. in Washington, D.C. this October, building upon ongoing efforts to connect with the diverse communities it serves. A team of Deaf Starbucks partners (employees) and allies led the effort to launch this unique store model in the U.S., which will be located at 6th & H Street near Gallaudet University, a bustling hub that is Deaf-friendly. The store will create a distinctive retail experience for all customers, while offering a unique store format that promotes accessibility and offers employment and career advancement opportunities for Deaf and hard of hearing people.
Tim Horton’s is coming to China. Imagine 1,500 stores competing directly with Starbucks Corp. (NASDAQ:SBUX) and its planned 5,000 store network. Imagine Chinese going around wearing beanies and talking about hockey. Yes, it’s a cute story, but what’s underneath is what fascinates me, not least because I’ve been invested in Tim Horton parent Restaurant Brands International Inc. (NYSE:QSR) since 2015.
Starbucks (SBUX) results in third-quarter fiscal 2018 is likely to be driven by new store additions, expansion in China and positive global comparable store sales.
Marriott International Inc. (mar) said Wednesday that it will remove plastic straws and stirrers at more than 6,500 properties around the world. The hotel chain joins a list of companies that includes Hyatt Hotels Corp. (h) Starbucks Corp. (sbux) and McDonald's Corp. (mcd) that have also unveiled plans to eliminate plastic straws. Marriott says the move would end the use of one billion plastic straws and a quarter billion plastic stirrers each year.