|Bid||51.600 x 800|
|Ask||51.610 x 3200|
|Day's Range||50.820 - 51.720|
|52 Week Range||50.360 - 61.940|
|PE Ratio (TTM)||16.90|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||1.20 (2.10%)|
|1y Target Est||61.39|
CNBC's Jim Cramer and the "Squawk on the Street" team discuss comments made by former Starbucks CEO Howard Schultz about the state of the coffee giant as he steps down from the board.
Outgoing Starbucks Executive Chairman Howard Schultz told TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer that Starbucks shares are cheap and undervalued.
On Tuesday, Starbucks (SBUX) said it would close 150 stores while raising its dividend by 20%. Following those announcements, Moody’s Investors Service downgraded Starbucks, saying the dividend increase would “materially” increase the company’s debt burden.
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.
Shares of the company are down more than 11 percent this year as Starbucks struggles to recover from weak same-store sales and poor foot traffic. Schultz has overseen its expansion from a single coffee shop that opened in Seattle's Pike Place Market in 1971. The stock is down more than 11 percent this year as Starbucks struggles to recover from weak same-store sales and poor foot traffic.
Below is the transcript of an interview with Generation Hope Founder Nanette Medved Po. The interview will play out in CNBC's latest episode of Managing Asia on 22 June 2018, 5.30PM SG/HK (in APAC) and 23.00 BST time (in EMEA). Christine Tan: So Nanette, you were an award-winning television actress and host.
Jeff Bezos and Howard Schultz are household names who need no introduction. If you want to sell coffee to someone who buys beans by the ton, Starbucks isn’t your only option in Seattle. Bill Wilson is the director of national specialty coffee for Nordstrom, which has been quietly dealing in the industry for decades.
Radical cleric Aman Abdurrahman was sentenced to death by an Indonesian court Friday for ordering Islamic State group-affiliated militants to carry out attacks including the January 2016 suicide bombing at a Starbucks in Jakarta. Several hundred paramilitary and counterterrorism police secured the Jakarta court where the trial took place.
PANGALENGAN, Indonesia/NEW YORK, June 22 (Reuters) - For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favored by connoisseurs. A small harvest in Sumatra has eaten further into tightening supplies of that region's unique arabica beans, which are sought for the heavy, earthy notes they give to roasted blends. Sumatran beans are a key component in Starbucks Corp's Christmas Blend, which has been sold for more than 30 years.
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.
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.
The announcement was followed by a 9 percent drop in Starbucks' share price. China has been a sweet spot for Starbucks for the past few years, as the country embraces cafes and opens up to drinking coffee over tea while growth saturates back home. Last month, the firm said it aimed to triple China revenue and double cafe numbers to 6,000 by 2022.