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Starbucks CEO Talks Gender Equality, Long-Term Commitment To China
Wednesday, March 21, 2018 - 1:16pm | 441Starbucks Corporation (NASDAQ: SBUX) is hosting its annual shareholder meeting Wednesday, led for the first time by its new CEO Kevin Johnson. Gender Parity In conjunction with the annual meeting, Starbucks is announcing a 100-percent pay equity program. All employees regardless of gender or...
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Despite Chinese Growth, Bernstein Downgrades Starbucks On Slower American Business
Monday, January 29, 2018 - 10:15am | 466Starbucks Corporation (NASDAQ: SBUX) reported fiscal first-quarter earnings last week, disappointing some Wall Street analysts due to poor performance in the North American unit, but fueling optimism in others over the company's prospects in China. The Analyst Bernstein's Sara...
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Starbucks Falls After Q1 Report: What Analysts Are Saying
Friday, January 26, 2018 - 4:11pm | 858Shares of Starbucks Corporation (NASDAQ: SBUX) were trading lower by 5 percent Friday after the coffee and food chain's fiscal first-quarter earnings report disappointed investors across multiple metrics. Perhaps most notably, same-store sales growth of 2 percent fell short of the 3-percent...
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Things That Stood Out In Starbucks' Q4 Report
Friday, November 3, 2017 - 8:07am | 383Analysts at Stephens continue to see the downside case for Starbucks Corporation (NASDAQ: SBUX) after the company reported fourth-quarter results. Analyst Will Slabaugh maintains an Equal-Weight rating on Starbucks' stock with an unchanged $52 price target, which implies further downside from...
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There's Enough Positives In Starbucks' Quarter To Outweigh Near-Term Woes
Friday, July 28, 2017 - 10:05am | 355Based on the more than 7-percent decline in Starbucks Corporation (NASDAQ: SBUX)'s stock investors concluded that the bad aspects of its fiscal third-quarter earnings report outweigh the good — but the opposite is true, at least according to BTIG's Peter Saleh. Saleh maintains a Buy rating on...
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Starbucks' Investor Day Proves Company Remains A Global Growth Story
Thursday, December 8, 2016 - 2:33pm | 302How is it possible that it seems like there is a Starbucks Corporation (NASDAQ: SBUX) coffee shop on every corner and in every mall, yet the chain is still considered a global growth story? According to Jeffrey Bernstein, a restaurant analyst with Barclays, Starbucks' 2016 Investor Day presentation...
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Starbucks Remains One Of The 'Most Compelling, Forward-Thinking Concepts'
Thursday, December 8, 2016 - 10:12am | 270Starbucks Corporation (NASDAQ: SBUX) hosted on Wednesday its Investor Day presentation, which prompted Peter Saleh of BTIG Research to reiterate a Buy rating and $64 price target. According to Saleh, the coffee chain remains one of the "most compelling and forward-thinking concepts," given its...
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Starbucks COO Says Company's Business In China Will Be Bigger Than The US
Friday, November 4, 2016 - 12:41pm | 263Shares of Starbucks Corporation (NASDAQ: SBUX) hit a 52-week low of $50.84 on Friday, but quickly rebounded higher by more than 3 percent after investors fully digested the company's earnings report and tuned in to what some Wall Street analysts have to say. Starbucks' Chief Operating...
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Starbucks Investors Rejoice: Global Demand For Coffee At Historical High Levels
Friday, July 1, 2016 - 9:24am | 287Starbucks Corporation (NASDAQ: SBUX)'s stock has gained over 200 percent over the past five years and a whopping 16,900 percent since its IPO debut back in 1992. Investors questioning if the stock has further room to gain could find the answer in a recent Bloomberg report. According to Bloomberg,...
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Starbucks Surged After Announcing It Will Open 500 New Stores In China Every Year For The Next Five Years
Tuesday, January 12, 2016 - 12:09pm | 259According to The Wall Street Journal, Starbucks Corporation (NASDAQ: SBUX)'s ambitions in the Chinese market is much larger than previously expected. Starbucks' CEO Howard Schultz told WSJ that the company plans on opening 500 new stores in China every year for the next five years....
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Market Wrap For June 11: Momentum Hit, Dow Suffers Triple Digit Loss
Wednesday, June 11, 2014 - 4:36pm | 2008U.S. stocks appeared to run out of momentum, at least for the time being, after the the World Bank cut its global growth outlook. Citing a bitter winter in the U.S., a weaker outlook from emerging markets such as Russia and China, the World Bank expects the global economy to grow 2.8 percent...