Wedbush Raises Price Target on Starbucks Coffee (SBUX) to $70 Following 3Q15
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Starbucks Delivers Record Quarterly Revenue of $4.9 Billion and Record Q3 EPS
July 23, 2015 4:05 PM EDTComp Store Sales Rise 7% Globally, 8% in the Americas, and 11% in China/Asia Pacific; Global Traffic Up 4%
Global Revenues Rise 18%; GAAP Operating Income Up 22% to a Q3 Record $939 Million
GAAP EPS Jumps 21% to a Q3 Record $0.41; Non-GAAP EPS Jumps 24% to a Q3 Record $0.42
Company Increases Outlook for Fiscal 2015
SEATTLE--(BUSINESS WIRE)-- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter and 39-week fiscal year to date ended June 28, 2015. Q3 FY15 GAAP results include Starbucks Japan acquisition-related... More
Starbucks and PepsiCo to Accelerate Growth Within Latin America’s $4 Billion Ready-to-Drink Coffee and Energy Beverage Categories
July 23, 2015 4:03 PM EDTNew Agreement Signed to Bring Starbucks® Ready-To-Drink Coffee Beverages to First 10 Latin American Markets in 2016
SEATTLE & PURCHASE, N.Y.--(BUSINESS WIRE)-- Starbucks (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... More
Starbucks Announces Additional Share Repurchase Authorization
July 23, 2015 4:01 PM EDTSEATTLE--(BUSINESS WIRE)-- Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has authorized the repurchase of an additional 50 million shares of the Company's common stock under its ongoing share repurchase program. This authorization has no expiration date and is in addition to the 11 million shares that remained available for repurchase as of June 28, 2015 under an existing authorization.
Since the Company's share repurchase program was... More
Starbucks Adds Lyft to Growing Network of Companies in Retail’s Most Robust Digital Loyalty Ecosystem
July 22, 2015 6:04 PM EDTMy Starbucks Rewards® Extended to Lyft Drivers, Awarded Immediate Gold Card Status
Drivers, Riders to Be Rewarded, Incentivized with Stars
SEATTLE--(BUSINESS WIRE)-- Starbucks Coffee Company (NASDAQ: SBUX) and Lyft, one of the nations leading transportation network companies, today announced a new, multi-year deal that will increase value for current customers, attract new customers, reward Lyft drivers and explore a transportation benefit for partners (Starbucks employees). All Lyft drivers will have the option of becoming My Starbucks Rewards® (MSR) loyalty program gold status members,... More
