Starbucks Corp (SBUX) Sees Q3 Comps up 1%, Below Views
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Starbucks Announces Strategic Priorities and Operational Initiatives to Accelerate Growth and Create Long-Term Shareholder Value
June 19, 2018 4:05 PM EDTAdds 5 million new digitally registered customers with Digital Flywheel since April 2018; Active Starbucks Rewards members up 13 percent year-over-year to 15 million Three newer major digital initiatives will contribute approximately 1-2% attributable comps in FY19 Raises target for cash returned to shareholders to $25 billion through FY20, including a 20 percent increase in the companys regularly scheduled quarterly dividend Sharpens focus on optimizing store footprint, anticipates lower net new store growth in the U.S. for FY19 - further concentrating growth in under penetrated... More
