Starbucks' (SBUX) Execs Discuss La Boulange Buy: Will Sell Items in Grocery Stores, Begin with Pastries, Bread in Cafes

June 4, 2012 4:57 PM EDT
Get Alerts SBUX Hot Sheet
Trade SBUX Now!
Join SI Premium – FREE
Starbucks' (Nasdaq: SBUX) execs are currently speaking on a webcast to discuss the company's acquisition of the La Boulange bakery brand. Below are some highlights:
  • about one-third of purchases within the US include some kind of food item;
  • Starbucks is expecting to making investments into the La Boulange bakery production and distribution operations;
  • the deal is expected to close in the fourth quarter;
  • expecting "moderate" dilution to FY13 profit related to the purchase;
  • will sell La Boulange items in grocery stores; and
  • the initiative will begin with Starbucks' selling pastries and bread at its cafes.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Conference Calls, Mergers and Acquisitions

Add Your Comment