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SBUX

Starbucks

$57.43

0.22 (0.38%)

16:10
06/19/18
06/19
16:10
06/19/18
16:10

Starbucks says recent performance 'not acceptable,' outlines growth initiatives

Starbucks announced a set of strategic priorities and corresponding operational initiatives to accelerate growth and create long-term shareholder value. Starbucks details three strategic priorities to regain revenue and earnings momentum: Accelerating growth in the U.S. and China, the company's targeted long-term growth markets; Expanding and leveraging the global reach of the brand through the Global Coffee Alliance; and sharpening the focus on increasing shareholder returns. "While certain demand headwinds are transitory, and some of our cost increases are appropriate investments for the future, our recent performance does not reflect the potential of our exceptional brand and is not acceptable. We must move faster to address the more rapidly changing preferences and needs of our customers," said CEO Kevin Johnson. Starbucks is optimizing its U.S. store portfolio at a more rapid pace in FY19, including shifting new company-operated store growth to underpenetrated markets, slowing licensed store growth, and increasing the closure of underperforming company-operated stores in its most densely penetrated markets to approximately 150 in FY19 from a historical average of up to 50 annually. In FY19, this will result in a slightly lower growth rate in net new company-operated stores. Starbucks is actively expanding the breadth and depth of digital relationships with current and new customers. The company has added 5 million new digitally registered customers since April 2018 and 2 million active Starbucks Rewards members year-over-year to 15 million, up 13% from the previous year. In FY19, the company expects newer digital initiatives to contribute one to two points of comp growth in the U.S., supported by a redesigned Starbucks Rewards program that provides customers more choice around redemptions and payment, as well as expanded personalization capabilities for customers that have a digital relationship with the company.

  • 19

    Jun

  • 22

    Jun

SBUX Starbucks
$57.43

0.22 (0.38%)

05/21/18
JPMS
05/21/18
NO CHANGE
Target $64
JPMS
Overweight
JPMorgan likes Starbucks' risk/reward at current share levels
In a research note titled "Far from Perfect, but Good Enough for Where Stock is," JPMorgan analyst John Ivankoe says he likes Starbucks' risk/reward profile at current share levels. Following the company's first ever in-country analyst day focused on China, the analyst believes "multiple downside is very limited." Downside risk in the stock comes from earnings, not multiple compression, Ivankoe tells investors. He keeps an Overweight rating on Starbucks with a $64 price target.
05/21/18
UBSW
05/21/18
NO CHANGE
Target $66
UBSW
Buy
Starbucks deserves a premium multiple, says UBS
UBS analyst Dennis Geiger said Starbucks has broad-based quality growth and as a results deserves its premium multiple. The analyst went to China and saw a strong and increasingly important growth opportunity. The analyst said new products, digital, and market tailwinds will help contribute to its positive same-store-sales growth. Geiger reiterated his Buy rating and $66 price target on Starbucks shares.
06/05/18
MSCO
06/05/18
NO CHANGE
Target $72
MSCO
Overweight
Schultz leaving a loss, but Morgan Stanley says change can benefit Starbucks too
Morgan Stanley John Glass said Howard Schultz stepping down from his role of executive chairman must be considered a loss for Starbucks, but he added that change can have some potential benefits as well. Glass contends Starbucks is at an important crossroads in its strategy and he believes this event perhaps could further accelerate this process as the new leadership team put the company on a path toward the future with their own ideas. Glass maintains his Overweight rating and $72 price target on Starbucks shares.
06/05/18
BARD
06/05/18
NO CHANGE
Target $65
BARD
Outperform
Starbucks loss of Schultz raises risk profile, says Baird
Baird analyst David Tarantino believes the departure of Howard Schultz from Starbucks raises the risk profile for investors. The analyst said he is disappointed to see such an iconic leader exit the business, but he is cautiously optimistic the current leadership team can execute the current strategies effectively. Tarantino lowered his price target to $65 from $68 on Starbucks shares, but maintains an Outperform rating.

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PENN

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MCD

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$166.85

-0.6 (-0.36%)

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  • 23

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STZ

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, STZ.B

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-3.45 (-1.51%)

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STZ

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STZ.B

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  • 28

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BLMN

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  • 29

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

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STZ

Constellation Brands

$221.31

-1.67 (-0.75%)

, STZ.B

Constellation Brands; also tag STZ

$225.00

-3.45 (-1.51%)

14:07
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Breaking Periodicals news story on Constellation Brands, Constellation Brands; also tag STZ »

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  • 28

    Oct

YNDX

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$27.71

0.29 (1.06%)

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$1,102.24

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DB

Deutsche Bank

$10.74

-0.185 (-1.69%)

14:05
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Deutsche Bank call volume above normal and directionally bullish »

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F

Ford

$8.44

0.085 (1.02%)

14:04
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Ford expanding test of autonomous vehicles to Washington, D.C. »

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  • 24

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ZION

Zions Bancorp

$45.92

-1.05 (-2.24%)

13:55
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Zions Bancorp put volume heavy and directionally bearish »

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BHGE

Baker Hughes

$29.68

-0.25 (-0.84%)

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Baker Hughes call volume above normal and directionally bullish »

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  • 30

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FB

Facebook

$155.36

1.41 (0.92%)

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RF

Regions Financial

$16.60

-0.29 (-1.72%)

13:35
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Options
Regions Financial put volume heavy and directionally bearish »

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WFC

Wells Fargo

$51.97

-0.905 (-1.71%)

13:34
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KN

Knowles

$14.32

0.07 (0.49%)

13:26
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13:26
Recommendations
Knowles analyst commentary  »

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  • 24

    Oct

CY

Cypress Semiconductor

$13.31

0.09 (0.68%)

13:25
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  • 03

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$107.75

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  • 22

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