Starbucks and PepsiCo to Accelerate Growth Within Latin America’s $4 Billion Ready-to-Drink Coffee and Energy Beverage Categories
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Wedbush Raises Price Target on Starbucks Coffee (SBUX) to $70 Following 3Q15
July 24, 2015 8:12 AM EDTWedbush reiterated an Outperform rating on Starbucks (NASDAQ: SBUX), and raised the price target to $70.00 (from $64.00), following 3Q15. EPS of $0.42 was above $0.41 consensus. Raised FY15 guidance now calls for non-GAAP EPS of $1.57-1.58, up from $1.55-1.57 previously.
Analyst Nick Setyan commented, "Expect continued Americas... More
Starbucks Coffee (SBUX) Tops Q3 EPS by 1c; Updates FY15 adj.-EPS Outlook
July 23, 2015 4:07 PM EDTStarbucks Coffee (NASDAQ: SBUX) reported Q3 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.86 billion.
Global comparable store sales increased 7%, driven by a 4% increase in... More
Starbucks Coffee (SBUX)\, PepsiCo (PEP) Enter Agreement Covering Latin America
July 23, 2015 4:04 PM EDTStarbucks Coffee (NASDAQ: SBUX) and PepsiCo, Inc. (NYSE: PEP) today announced they have entered into an agreement for the marketing, sale and distribution of Starbucks® ready-to-drink (RTD) coffee and energy beverages including Starbucks® Frappuccino® chilled coffee drinks, Starbucks Double Shot® Espresso and Cream, and Starbucks Refreshers® beverages in Latin America. The RTD coffee and energy beverage category in Latin America is an estimated US$4 billion business and is projected to grow by 22% over the next five years.*
The agreement leverages the respective strengths of Starbucks and PepsiCo to... More
