SBUX - Starbucks Corporation
90.24 -0.24 (-0.27%)
Pre-market: 8:05AM EDT
| Previous close | 92.06 |
| Open | 92.14 |
| Bid | 89.74 x 800 |
| Ask | 90.24 x 1000 |
| Day's range | 90.32 - 92.14 |
| 52-week range | 54.10 - 99.72 |
| Volume | 6,972,260 |
| Avg. volume | 7,212,900 |
| Market cap | 108.305B |
| Beta (3Y monthly) | 0.52 |
| PE ratio (TTM) | 32.35 |
| EPS (TTM) | 2.80 |
| Earnings date | 30 Oct 2019 |
| Forward dividend & yield | 1.44 (1.58%) |
| Ex-dividend date | 2019-08-07 |
| 1y target est | 96.33 |
- Zacks
Starbucks (SBUX) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Starbucks (SBUX) closed at $90.48, marking a -1.72% move from the previous day.
- Yahoo Finance
The world’s most viral robot just praised Starbucks for closing its wage gap
Viral robot Sophia applauded Starbucks for the methods the company used to address the gender pay gap.
- Business Wire
Starbucks Announces Three New Appointments to Board of Directors
SEATTLE-- -- Company appoints Ritch Allison, Domino’s CEO; Andrew Campion, NIKE CFO; and Isabel Ge Mahe, Apple’s Vice President and Managing Director of Greater China. These additions expand Starbucks Board of world-class, values-based leaders, as it continues to build an enduring company. Starbucks Corporation announced today the appointment of Richard E. Allison, Jr., Chief Executive Officer of Domino’s; ...
- Zacks
Wendy's Shares Fall for a Second Straight Day After Announcing Breakfast Launch
Shares of Wendy's (WEN) were down as much as 11% in intraday trading today, and closed down over 2% on Monday after the company announced they are ramping up spending on their breakfast line for a nationwide release sometime in 2020.
- Market Realist
Wendy’s Stock: Why Does It Continue to Fall?
A few analysts downgraded Wendy’s stock following the reduced outlook. Guggenheim and BTIG downgraded the stock to “neutral” from “buy.”
- Financial Times
Something stinks in supply-side economics
Your article (“More than a third of foreign investment is multinationals dodging tax”, September 9 ) reports on an IMF and University of Copenhagen study finding that nearly 40 per cent of global foreign ...
- Yahoo Finance
Starbucks CEO: Millennials driving changes to tech, coffee menu
Millennial tastes are helping to influence changes at Starbucks, CEO Kevin Johnson told Yahoo Finance.
- Motley Fool
How to Invest in Fast-Food Stocks
You can profit from investing in the high-growth, easy-to-understand fast-food industry.
- Motley Fool
America Is Eating Out Like Never Before, but Not Everyone's a Winner
Some trends are changing, but one isn’t: The kitchen is getting used less.
- Yahoo Finance
How tech-savvy Kevin Johnson is creating 'the next generation' of Starbucks
Starbucks' CEO is transforming the pace of innovation at the coffee giant, thanks to his deep technology background.
- Financial Times
Corporate America is over-caffeinated
When Barack Obama was president of the US, he used to call Starbucks founder and former chief executive, Howard Schultz, for a read on the American consumer. Last week, Starbucks told us something important and disturbing. The company’s stock took a dive after it signalled, during a presentation at a Goldman Sachs retail conference, that its recent 10 per cent rate of profit expansion wouldn’t carry into next year.
- Financial Times
Ex-Starbucks CEO Howard Schultz says he won’t run for president
Billionaire Howard Schultz said he is no longer considering an independent bid for the US presidency, saying he feared splitting the vote against Donald Trump if a moderate were to win the Democratic party’s nomination. “If I went forward, there is a risk that my name would appear on ballots even if a moderate Democrat wins the nomination, and that is not a risk I am willing to take,” he said.
- Yahoo Finance
Starbucks to offer mental health services as new employee benefit
'We believe this is a societal problem and we want to take steps within Starbucks for our partners to break the stigma of mental health,' says CEO Kevin Johnson.
- Zacks
Starbucks Trims 2020 Earnings Forecast, Long-term View Intact
Starbucks (SBUX) warns that its earnings in fiscal 2020 are likely to be below its long-term growth target of a minimum of 10%.
- Motley Fool
What Happened in the Stock Market Today
See why PVH soared and Starbucks dropped on a positive day for the broader market.
- Market Realist
Starbucks Stock Slips on Weak 2020 Outlook
Leading coffee chain Starbucks (SBUX) is down 1% today. Starbucks stock is trading at $96, which is just 3% below its 52-week high.
- Yahoo Finance
What warnings from Starbucks and JetBlue say about trade war's impact on Corporate America
Fresh warning from Starbucks and JetBlue should be a reality check for investors.
- Reuters
Starbucks sees slower profit growth in 2020
Chief Financial Officer Patrick Grismer told a consumer retail conference hosted by Goldman Sachs that he expected adjusted per-share profit growth for 2020 to be lower than the current 10% rate, pushing shares in the coffee chain down 4%. Grismer said the tax benefit recorded in 2019 could be a "significant headwind" to profit growth in 2020. Wall Street analysts currently forecast adjusted earnings of $3.12 per share for 2020, implying a growth rate of 10.45%, according to IBES data from Refinitiv.
- Motley Fool
Stock Market News: Starbucks Loses Its Buzz; JetBlue Hits Turbulence
Markets were generally higher on favorable geopolitical news.
- Associated Press
Starbucks shares fall as company cuts profit growth forecast
Starbucks shares tumbled Wednesday after the company lowered its 2020 earnings forecast. In a presentation to Goldman Sachs' Global Retaining Conference, the Seattle-based coffee giant said it expects adjusted earnings to grow less than 10% in its 2020 fiscal year, which begins Oct. 1. Wall Street had been anticipating 10.6% earnings growth in the 2020 fiscal year, according to analysts polled by FactSet.
- Financial Times
Starbucks forecasts 2020 earnings below target
Starbucks warned earnings growth in the 2020 financial year will come in below its forecasts, sending shares down nearly 5 per cent in premarket trade. Patrick Grismer, chief financial officer, in a presentation at a retailing conference hosted by Goldman Sachs, said adjusted earnings growth in the upcoming financial year would probably be below the company’s longer-term target of 10 per cent.
- Zacks
The Zacks Analyst Blog Highlights: Boeing, Starbucks, 3M, Deere and Dollar General
The Zacks Analyst Blog Highlights: Boeing, Starbucks, 3M, Deere and Dollar General
- The Guardian
Man considering legal action after Starbucks employee labels drink 'Isis'
The Starbucks logo on a shop in Pennsylvania. Photograph: Gene J Puskar/APA Philadelphia man has said he is considering legal action against Starbucks after an employee asked for his name to label his drink but ended up writing the title of the Islamic State.Niquel Johnson, 40, told the Washington Post that when he ordered his drinks last week he gave his Islamic name, Aziz, as he had done in the same store “countless” times before. This time, the three drinks he ordered all came back labelled “Isis”.As well as being an Egyptian god, an alternative name for the river Thames and a song by Bob Dylan, Isis is the common acronym for the Islamic State terrorist group. Johnson said seeing the word on his beverages made him “shocked and angry”.“I felt it was discrimination,” he said.In a statement to the Post, Starbucks spokesman Reggie Borges said: “After investigating, we don’t believe this was a case of discrimination or profiling.“The customer approached and provided the name Aziz. The barista mistakenly spelled it incorrectly. We have connected with Mr Johnson and apologized for this regrettable mistake.”But Borges’ simple statement belied a baffling, labyrinthine story.Johnson told the Post Starbucks claimed to have answered a complaint he filed by email via a phone conversation with his niece, Alora.But Johnson insisted such a phone call could not have occurred. He does not have a niece named Alora and the nieces he does have are too young to have such a conversation. Johnson provided to the Post a recording of an exchange with a Starbucks representative in which he made clear his confusion and anger.“So that is a new revelation for me and us, Niquel,” the Post quoted the representative as saying. “And I don’t know how we got to that point. I apologize.”The Post said the identity of the woman Starbucks says it spoke to remains a mystery.This is not the first time a Starbucks store in Philadelphia has attracted national media attention, stoking intense debate about race and racism through the interaction between an employee and customers.Last year, two African American men were arrested after a Starbucks worker in the city called police because the men were sitting peaceably but not ordering anything. The men eventually settled for $1 each and a promise from the company that it would set up a $200,000 programme for young entrepreneurs.Starbucks’ chief executive, Kevin Johnson, apologised and ordered more than 8,000 stores closed for an afternoon, so that nearly 175,000 employees could be trained about the dangers of unconscious bias.Johnson told the Post that the outcome of that case made him think Starbucks would treat his complaint seriously.“You think they would have their facts in order,” he said. “How could they allow anyone to speak for me?”
