Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: Americas, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brand names. As of October 29, 2020, it operated approximately 32,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
IPO Year: 1992
Exchange: NASDAQ
Website: starbucks.com
Date | Price Target | Rating | Analyst |
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9/26/2024 | $92.00 → $115.00 | Mkt Perform → Outperform | Bernstein |
9/24/2024 | $80.00 → $76.00 | Hold → Underperform | Jefferies |
9/18/2024 | $112.00 → $118.00 | Buy | BofA Securities |
8/21/2024 | $85.00 | Hold → Sell | DZ Bank |
8/14/2024 | $80.00 → $110.00 | Hold → Buy | Stifel |
8/14/2024 | $85.00 → $118.00 | Hold → Buy | Deutsche Bank |
8/14/2024 | $80.00 → $120.00 | In-line → Outperform | Evercore ISI |
8/13/2024 | $85.00 → $103.00 | Neutral → Overweight | Piper Sandler |
8/13/2024 | $81.00 → $105.00 | Hold → Buy | TD Cowen |
8/13/2024 | $110.00 | Neutral → Outperform | Robert W. Baird |
4 - STARBUCKS CORP (0000829224) (Issuer)
Bernstein upgraded Starbucks from Mkt Perform to Outperform and set a new price target of $115.00 from $92.00 previously
Jefferies downgraded Starbucks from Hold to Underperform and set a new price target of $76.00 from $80.00 previously
BofA Securities reiterated coverage of Starbucks with a rating of Buy and set a new price target of $118.00 from $112.00 previously
DZ Bank downgraded Starbucks from Hold to Sell and set a new price target of $85.00
Stifel upgraded Starbucks from Hold to Buy and set a new price target of $110.00 from $80.00 previously
Deutsche Bank upgraded Starbucks from Hold to Buy and set a new price target of $118.00 from $85.00 previously
Evercore ISI upgraded Starbucks from In-line to Outperform and set a new price target of $120.00 from $80.00 previously
TD Cowen upgraded Starbucks from Hold to Buy and set a new price target of $105.00 from $81.00 previously
Piper Sandler upgraded Starbucks from Neutral to Overweight and set a new price target of $103.00 from $85.00 previously
Robert W. Baird upgraded Starbucks from Neutral to Outperform and set a new price target of $110.00
In collaboration with coffee farmers around the world, Starbucks to scale solutions to ensure the future of coffee for all; adds two new coffee innovation farms located in Guatemala and Costa Rica with future farm investments in Africa and Asia. Investments build on Starbucks work with farmers to help increase productivity on farms, increase profitability for farmers and mitigate the impact of climate change on coffee. Starbucks today announced an expansion of its collaborative coffee innovation network, further connecting farmers from around the world with resources to protect the future of coffee. Building on the groundbreaking global agronomy innovation at Hacienda Alsacia, Starbucks f
WEST PALM BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement from Elliott Managing Partner Jesse Cohn and Partner Marc Steinberg regarding Starbucks Corporation (NYSE:SBUX) (the "Company" or "Starbucks") and its engagement with the Company: Elliott has become one of the largest investors in Starbucks because of our confidence in the long-term value-creation opportunity we see at one of the world's most important brands. Elliott has been engaged with Starbucks' Board over the past two months regardin
Brian Niccol will join Starbucks on September 9, 2024. Mellody Hobson will be lead independent director. Laxman Narasimhan is stepping down as ceo and as a director effective immediately. Rachel Ruggeri will serve as interim ceo. Starbucks (NASDAQ:SBUX) today announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director. Niccol currently serves as Chairman and CEO of Chipotle. Since becoming CEO in 2018, Niccol has transformed Chipotle. His
Q3 Consolidated Net Revenues of $9.1 Billion, Down 1%; Up 1% in Constant Currency; Up 6% Over Q2 Q3 GAAP and Non-GAAP EPS of $0.93; Action Plans Partially Offset Continued Headwinds Q3 Active U.S. Starbucks® Rewards Membership Totals 33.8 Million, Up 7% Over Prior Year and Up 3% Over Q2 Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q3 Fiscal 2024 Highlights Global comparable store sales
Starbucks Corporation (NASDAQ:SBUX) plans to release its third quarter fiscal year 2024 financial results after market close on Tuesday, July 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, September 13, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on August 30, 2024, to shareholders of record on August 16, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup.
Starbucks Corporation (NASDAQ:SBUX) today announced Rachel Ruggeri, executive vice president and chief financial officer, will host a fireside chat at the Deutsche Bank Global Consumer Conference in Paris on Wednesday, June 5, 2024, beginning at 8:30 a.m. CEST (2:30 a.m. Eastern Time). The fireside chat will be webcast live and via replay from the Investor Relations website at https://investor.starbucks.com/ under "Events & Presentations." About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffe
Q2 Consolidated Net Revenues Down 2% to $8.6 Billion, Driven by a Complex Operating Environment Q2 GAAP and Non-GAAP EPS of $0.68; Long-Term Strategy Remains Intact Q2 Active U.S. Starbucks® Rewards Membership Totals 32.8 Million, Up 6% Over Prior Year Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal second quarter ended March 31, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q2 Fiscal 2024 Highlights Global comparable store sales declined 4%, driven by a 6% d
At a global gathering of Starbucks partners in Seattle and around the world, Starbucks global chief executive officer Laxman Narasimhan announced five initiatives at the first-ever Starbucks Promises Day that underscore the company's promises to its partners, farmers, customers, communities, shareholders and the environment: 100% of sales of Starbucks Odyssey Blend whole bean coffee in North America will support World Central Kitchen First-ever Global Barista Championships coming in 2025 Coffee experience pop-ups will launch in cities around the world Expansion of coffee innovation farms to more coffee-growing countries New reusable Green Apron Cup for all North America partn
Starbucks Corporation (NASDAQ:SBUX) plans to release its second quarter fiscal year 2024 financial results after market close on Tuesday, April 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, June 14, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and
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Q3 Consolidated Net Revenues of $9.1 Billion, Down 1%; Up 1% in Constant Currency; Up 6% Over Q2 Q3 GAAP and Non-GAAP EPS of $0.93; Action Plans Partially Offset Continued Headwinds Q3 Active U.S. Starbucks® Rewards Membership Totals 33.8 Million, Up 7% Over Prior Year and Up 3% Over Q2 Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q3 Fiscal 2024 Highlights Global comparable store sales
Starbucks Corporation (NASDAQ:SBUX) plans to release its third quarter fiscal year 2024 financial results after market close on Tuesday, July 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, September 13, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on August 30, 2024, to shareholders of record on August 16, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 39,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup.
Q2 Consolidated Net Revenues Down 2% to $8.6 Billion, Driven by a Complex Operating Environment Q2 GAAP and Non-GAAP EPS of $0.68; Long-Term Strategy Remains Intact Q2 Active U.S. Starbucks® Rewards Membership Totals 32.8 Million, Up 6% Over Prior Year Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal second quarter ended March 31, 2024. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. Q2 Fiscal 2024 Highlights Global comparable store sales declined 4%, driven by a 6% d
Starbucks Corporation (NASDAQ:SBUX) plans to release its second quarter fiscal year 2024 financial results after market close on Tuesday, April 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until the end of day, Friday, June 14, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on May 31, 2024, to shareholders of record on May 17, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To
Q1 Consolidated Net Revenues Up 8% to a Record $9.4 Billion Q1 Comparable Store Sales Up 5% Globally; Up 5% in North America; Up 7% in International Q1 GAAP EPS Up 22% to $0.90; Non-GAAP EPS Up 20% to $0.90 as Reinvention Unlocks Continued Efficiency Q1 Active U.S. Starbucks® Rewards Membership Reaches 34.3 Million, Up 13% Over Prior Year Q1 U.S. Card Loads Reaches a Record $3.6 Billion; Ranking as #2 U.S. Brand in Holiday Gift Card Activations Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal first quarter ended December 31, 2023. GAAP results in fiscal 2024 and fiscal 2023 include items that are excluded from non-GAAP results. Please refer to th
Starbucks Corporation (NASDAQ:SBUX) plans to release its first quarter fiscal year 2024 financial results after market close on Tuesday, January 30, 2024, with a conference call to follow at 2:00 p.m. Pacific Time. The conference call will be webcast, including closed captioning, and can be accessed on the company's website at https://investor.starbucks.com/. A replay of the webcast will be available on the company's website until end of day, Friday, March 15, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and re
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.57 per share of outstanding Common Stock. The dividend will be payable in cash on February 23, 2024, to shareholders of record on February 9, 2024. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 38,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every
Q4 Consolidated Net Revenues Up 11% to a Record $9.4 Billion Q4 Comparable Store Sales Up 8% Globally; Up 8% in North America; Up 5% in International Q4 GAAP EPS $1.06; Non-GAAP EPS $1.06 Driven by Strong Global Performance; Reinvention Execution International Surpasses 20,000 Stores, Propelling Global Count to Record 38,038 Q4 Active U.S. Starbucks® Rewards Membership Reaches 32.6 Million, Up 14% Over Prior Year Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal fourth quarter ended October 1, 2023. GAAP results in fiscal 2023 and fiscal 2022 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP
WEST PALM BEACH, Fla., Aug. 13, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement from Elliott Managing Partner Jesse Cohn and Partner Marc Steinberg regarding Starbucks Corporation (NYSE:SBUX) (the "Company" or "Starbucks") and its engagement with the Company: Elliott has become one of the largest investors in Starbucks because of our confidence in the long-term value-creation opportunity we see at one of the world's most important brands. Elliott has been engaged with Starbucks' Board over the past two months regardin
Brian Niccol will join Starbucks on September 9, 2024. Mellody Hobson will be lead independent director. Laxman Narasimhan is stepping down as ceo and as a director effective immediately. Rachel Ruggeri will serve as interim ceo. Starbucks (NASDAQ:SBUX) today announced that Brian Niccol has been appointed chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director. Niccol currently serves as Chairman and CEO of Chipotle. Since becoming CEO in 2018, Niccol has transformed Chipotle. His
Starbucks Corporation (NASDAQ:SBUX) today announced that leading proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that Starbucks shareholders vote on the WHITE proxy card ONLY "FOR" the Starbucks 11 director nominees in connection with the Company's Annual Meeting of Shareholders, which will take place virtually on March 13, 2024, at 10 a.m. PT. Starbucks partners (employees) have always been the heart of its business and core to its success. The company is committed to building a bridge to a better future for all partners. This critical priority is led by the executive leadership team and overseen by the Board of Directors' Environmental, Partner and Communi
Howard Schultz to retire as director; Starbucks honors Schultz as lifelong Chairman Emeritus, forever inspired by his passion, heart, spirit, and commitment to the power of human connection Elects Wei Zhang to join Board of Directors, bringing more than 20 years of experience in global operations, consumer technology and corporate business development Starbucks Coffee Company (NASDAQ:SBUX) today announced Howard Schultz, the company's modern-day founder and chairman emeritus, will step down from the Board of Directors effective today as part of a planned transition. Schultz previously stepped down as chief executive officer in March of this year. "As I reflect on my 41 years with the
On the heels of Starbucks 6,000th store opening in China, Howard Schultz, Starbucks founder and chairman emeritus, fulfilled a promise to visit and celebrate the partners of Starbucks fastest growing region. Howard Schultz stood before the ballroom full of Starbucks (NASDAQ:SBUX) partners (employees) in Beijing with one ask: Open your hearts to each other. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230426005399/en/Coming Together (Photo: Business Wire) "Being authentic and being vulnerable is a strength, not a weakness. Being open and honest and sincere is a strength," Schultz said at the Partner Open Forum, attended by 1,
Lerman brings over three decades of experience in both private and public sector legal and regulatory affairs, global security, and ethics and compliance Starbucks Coffee Company (NASDAQ:SBUX) today announced the appointment of Brad Lerman as executive vice president and general counsel following an extensive internal and external search. Lerman will serve on the executive leadership team, reporting directly to chief executive officer, Laxman Narasimhan, effective May 8, 2023. Lerman joins the company with over three decades of legal and regulatory experience in both the public and private sector. Most recently, Lerman was Senior Vice President, General Counsel and Corporate Secretary o
Starbucks Corporation (NASDAQ:SBUX) today announced that its Board of Directors has approved a quarterly cash dividend of $0.53 per share of outstanding Common Stock. The dividend will be payable in cash on May 26, 2023, to shareholders of record on May 12, 2023. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To
Starbucks (NASDAQ:SBUX) announced, effective today, Laxman Narasimhan has assumed the role of chief executive officer and will join the company's board of directors. Narasimhan was named incoming ceo on September 1, 2022, succeeding company founder and now former ceo, Howard Schultz. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230320005303/en/Laxman Narasimhan has assumed the role of Starbucks chief executive officer and will join the company's board of directors. (Photo: Business Wire) Following the global search for the new leader of Starbucks, Narasimhan joined the company as incoming ceo on October 1, 2022, bringing nearly
As RationAle Brewing, the non-alcoholic craft beer brand, continues to radically crush consumers' drinking habits across the country, it readies itself for the next phase of growth SAN DIEGO, Calif., Sept. 30, 2022 /PRNewswire-PRWeb/ -- RationAle Brewing™ (https://rationalebrewing.com/), the San Diego-born, Sonoma-brewed non-alcoholic craft beer brand, announces the appointment of Debbie Novograd, former Vice Chairman of the Board and CEO of BevZero and Director of Marketing for Starbucks (NASDAQ:SBUX), as a Strategic Advisor. The announcement comes as RationAle continues its retail and on-premise expansion beyond California and Colorado, and builds its eCommerce presence to deliver its non-
Introduces Three-Year Financial Roadmap, Delivering Annual 7-9% Comparable Store Sales Growth, 10-12% Revenue Growth, and 15-20% Non-GAAP EPS Growth Starbucks (NASDAQ:SBUX) today hosted its biennial Investor Day in Seattle where interim chief executive officer Howard Schultz, chief financial officer Rachel Ruggeri, and Starbucks leaders showcased the company's Reinvention plan to an in-person audience of more than 150 investors. Presentations highlighted decisive actions and targeted investments in partners, customers, and stores that are expected to accelerate the company's long-term growth, progressively expand operating margin, and drive high-teens non-GAAP EPS growth annually through f
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Consumer Discretionary sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BABA CALL TRADE BULLISH 08/02/24 $79.00 $27.0K 2.4K 1.7K SBUX CALL TRADE B
Deep-pocketed investors have adopted a bullish approach towards Starbucks (NASDAQ:SBUX), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SBUX usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Starbucks. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 75% leaning bullish and 8% bearish. Among these notable options, 5 a
Starbucks's (NYSE:SBUX) short percent of float has risen 12.44% since its last report. The company recently reported that it has 25.61 million shares sold short, which is 2.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.05 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Citigroup analyst Jon Tower maintains Starbucks (NASDAQ:SBUX) with a Neutral and lowers the price target from $85 to $80.
BMO Capital analyst Andrew Strelzik maintains Starbucks (NASDAQ:SBUX) with a Outperform and lowers the price target from $120 to $100.
TD Cowen analyst Andrew Charles reiterates Starbucks (NASDAQ:SBUX) with a Hold and maintains $81 price target.
Shares of Starbucks Corporation (NASDAQ:SBUX) are trading higher on Friday following a WSJ report suggesting Elliott Investment Management has taken a significant stake in the coffee giant. What’s Going On: Elliott has reportedly been pushing for changes behind the scenes, aiming to address the challenges Starbucks faces. While the exact size of Elliott’s stake and specific demands remain undisclosed, the discussions suggest potential agreements may be reached soon according to The Wall Street Journal. The company’s recent struggles include increased competition in China, slowing growth in the U.S. and operational challenges such as long wait times and menu-item unavailability. Ear