79.57 -0.01 (-0.01%)
Pre-market: 7:56AM EDT
|Bid||79.00 x 1200|
|Ask||79.50 x 1300|
|Day's range||78.30 - 79.95|
|52-week range||50.02 - 99.72|
|Beta (5Y monthly)||0.51|
|PE ratio (TTM)||27.25|
|Earnings date||28 Jul 2020|
|Forward dividend & yield||1.64 (2.06%)|
|Ex-dividend date||07 May 2020|
|1y target est||79.88|
Starbucks Corporation (Nasdaq: SBUX) today announced that Patrick Grismer, chief financial officer, will participate at the Evercore ISI Virtual Consumer & Retail Summit on Wednesday, June 17, 2020 at 11:45 a.m. ET.
Many companies have paused their dividend payouts because of the COVID-19 crisis, but the coffee titan wants to be a rock of certainty in uncertain times.
Hand sanitiser and masks are already the norm. But snack and coffee chains face bigger problems figuring out how to operate. Starbucks and others have already reopened many branches for takeaway orders. The coffee chain says over 90% of its company-owned U.S. locations will be open by early June. But analysts wonder how such firms will make a profit. Margins will be squeezed by extra costs for hazard pay, cleaning and protective gear. UK-based Pret A Manger is offering a stripped down menu to reduce demands on staff. Customers will be able to buy ‘heat at home’ versions of some snacks instead. Local rival Greggs has also trimmed the menu, and stopped taking cash. But analysts say its small branches will struggle to operate with social distancing. It’s also unclear how long customers will be willing to line up. If they aren’t, that threatens a business model based on high sales volumes. As for Starbucks, some of its branches have gone back to paper cups only - reversing a trend to limit disposables. The chain said last month that comparable U.S. sales were back to about two-thirds of prior levels. It didn’t say exactly how long a full recovery might take.
Starbucks Corp, Dunkin' Brands Group Inc, Peet's Coffee and British bakery-cafe chain Greggs PLC have been forced to rethink how to serve customers quickly while keeping staffers safe and still make enough money to operate. At Peet's Coffee, the U.S. chain owned by JDE Peet's, 191 of the 250 company-operated stores had reopened as of Thursday. "We moved all of the tables to the front of the store, blocking the entrance," said Mary Dusenbury, senior director of retail marketing at Peet's. Registers and chip readers were also moved to the front, so customers can perform their own credit-card transactions, with chip pads wiped down after each guest.
As companies, Nike (NYSE: NKE) and Starbucks (NASDAQ: SBUX) don't compete with each other, but they share some similarities as stock investments. For Starbucks, that niche covers premium on-the-go caffeinated beverages. Nike serves athletes and anyone else interested in high-performance fashion.
In the latest trading session, Starbucks (SBUX) closed at $77.99, marking a -0.7% move from the previous day.
Starbucks (SBUX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
On a hot summer day, would you choose an ice-cold can of Coca-Cola (NYSE: KO) or a Starbucks (NASDAQ: SBUX) blended Frappuccino? Coke is the eternal classic, while Starbucks is the drink of a new generation. The two companies have very different operating models, the first noticeable difference being that Starbucks mostly operates through owned retail stores while Coke is a manufacturer that wholesales its products to stores and restaurants.
Starbucks Corporation (Nasdaq: SBUX) today announced that Patrick Grismer, chief financial officer, will participate at the Stifel 2020 Virtual Cross Sector Insight Conference on Wednesday, June 10, 2020 at 11:20 a.m. ET.
Warren Buffett isn't going to invest in every good value stock that's available on the markets -- there are just too many of them out there. With a good mix of value, stability, and moat, the three stocks listed below could appeal to investors who want to invest like the Oracle of Omaha. Walgreens Boots Alliance (NASDAQ: WBA) is a household name and the pharmacy retailer provides many day-to-day essentials for customers.
You could ask 100 different analysts what they think about buying and selling stocks during COVID-19, and you might just get 100 different opinions. If you have $1,000 to invest, now could be a great opportunity to start a new position, and billion-dollar hedge fund managers have been scooping up shares of IDEXX Laboratories (NASDAQ: IDXX), Goodyear Tire (NASDAQ: GT) and Starbucks (NASDAQ: SBUX). You may not recognize IDEXX Laboratories, but if you're a pet owner there's a chance you've crossed paths with its products or services already.
Brewing up some good news after the entire restaurant industry took a drubbing from COVID-19, Starbucks (NASDAQ: SBUX) published an open letter to its partners today describing its recovery following the possible recent decline in the pandemic's severity. It cites the start of the Transcontinental Railway during the American Civil War, and notes how, during the Cold War, "President John F. Kennedy united the country around a quest to the Moon." Starbucks attempts to strike an upbeat note throughout, in addition to providing some more concrete data.
Starbucks said on Thursday that it’s already seeing a rebound in U.S. customer visits that are "tracking slightly above" the coffee chain's own forecasts.
Luckin Coffee, a Starbucks competitor in China, said Tuesday it has been asked by NASDAQ to delist from the US stock exchange following a massive fraud scandal that has shaken the company. The announcement comes almost exactly a year after Luckin Coffee made a stunning debut on Wall Street, with a market value of some $4 billion.
Italians will be able to grab a cup of their favourite Starbucks <SBUX.O> coffee again after the group said on Monday it would reopen its Italian cafes, with the exception of its flagship location in central Milan. On Monday shops, restaurants, coffee shops and hair salons reopened in Italy as the government further softened its coronavirus lockdown rules, one of the world's strictest, which lasted 10 weeks. Starbucks said it would open its cafes in Milan and the one in the northern city of Turin but would still keep shut the Roastery in the finance capital's city centre, opened in September 2018, and the location at the city's Malpensa airport.