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Starbucks Corp (SBUX.OQ)

SBUX.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Starbucks- Amended And Restated Company's $1.0 Bln 364-Daycredit Agreement, Dated As Of October 24, 2018
3:19am IST 

Sept 24 (Reuters) - Starbucks Corp ::STARBUCKS CORP - AMENDED AND RESTATED COMPANY'S $1.0 BILLION 364-DAYCREDIT AGREEMENT, DATED AS OF OCTOBER 24, 2018.STARBUCKS CORP - EXISTING $2 BILLION UNSECURED, REVOLVING CREDIT FACILITY REMAINS UNCHANGED WITH A SCHEDULED MATURITY DATE OF OCTOBER 25, 2022.STARBUCKS CORP - AMENDMENT TO EXTEND TERM OF CREDIT AGREEMENT FOR AN ADDITIONAL 364-DAYPERIOD.  Full Article

Temasek Holdings (Private) Ltd Takes Share Stake In Starbucks Corp, Pinduoduo
Friday, 14 Aug 2020 

Aug 14 (Reuters) - TEMASEK HOLDINGS (PRIVATE) LTD::TEMASEK HOLDINGS (PRIVATE) LTD TAKES SHARE STAKE OF 537,333 SHARES IN STARBUCKS CORP - SEC FILING.TEMASEK HOLDINGS (PRIVATE) LTD TAKES SHARE STAKE OF 464,663 SPONSORED ADSS IN PINDUODUO INC.TEMASEK HOLDINGS (PRIVATE) LTD UPS SHARE STAKE IN HDFC BANK LTD BY 74.9% TO 4.9 MILLION SPONSORED ADSS.TEMASEK HOLDINGS (PRIVATE) LTD - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2020 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2020.  Full Article

Starbucks Says Comparable Store Sales Will Substantially Recover In China And U.S. In Fiscal 2021
Wednesday, 29 Jul 2020 

July 28 (Reuters) - Starbucks Corp ::STARBUCKS CORP CEO- U.S. COMPS IMPROVED SEQUENTIALLY FROM -14% IN MAY,TO -1% IN JUNE TO +2% FOR JULY MONTH-TO-DATE. - CONF CALL.STARBUCKS CORP CEO- SAW ACCELERATION IN CUSTOMERS WHO DOWNLOADED STARBUCKS APP AND JOINED STARBUCKS REWARDS, TOTALING 3 MILLION IN Q3 AND UP 17% FROM Q2.STARBUCKS CORP CEO- DEMAND FOR AT-HOME COFFEE HAS SOARED IN Q3; CO'S SHARE OF TOTAL PACKAGED COFFEE GREW SIGNIFICANTLY IN Q3 IN U.S.STARBUCKS - ESTIMATES JULY COMPARABLE STORE SALES FOR U.S. COMPANY-OPERATED LOCATIONS TO BE ABOUT -14%, SEQUENTIAL IMPROVEMENT FROM THE -19% IN JUNE.STARBUCKS - EXPECTS INTERNATIONAL COMPARABLE STORE SALES TO DECLINE BETWEEN 10% AND 15% IN Q4.STARBUCKS - EXPECT REVENUE TO DECLINE 10%-15% IN Q4, REFLECTING IMPACT OF COVID-19, ESTIMATE TO BE BETWEEN ABOUT $1.4 BILLION TO $1.65 BILLION.STARBUCKS - WE CURRENTLY EXPECT THE BUSINESS WILL RETURN TO PROFITABILITY IN Q4, WITH EPS IMPROVING VERY MEANINGFULLY COMPARED TO Q3.STARBUCKS - EXPECTS GAAP EPS IN Q4 OF $0.06 TO $0.21 AND NON-GAAP EPS OF $0.18 TO $0.33.STARBUCKS - EXPECTS GAAP EPS IN FISCAL 2020 OF $0.50 TO $0.65 AND NON-GAAP EPS OF $0.83 TO $0.98.STARBUCKS - COMPARABLE STORE SALES WILL SUBSTANTIALLY RECOVER IN CHINA AND U.S. IN FISCAL 2021 BY THE END OF FIRST AND SECOND QUARTERS, RESPECTIVELY.  Full Article

Starbucks Declares Quarterly Cash Dividend
Thursday, 25 Jun 2020 

June 24 (Reuters) - Starbucks Corp ::STARBUCKS DECLARES QUARTERLY CASH DIVIDEND.STARBUCKS CORP - BOARD APPROVED A DIVIDEND OF $0.41 PER SHARE OF OUTSTANDING COMMON STOCK.  Full Article

Starbucks Says Expanding Regional Availability Of Oatmilk To All Stores In California
Tuesday, 23 Jun 2020 

June 23 (Reuters) - Starbucks Corp ::STARBUCKS SAYS EXPANDING REGIONAL AVAILABILITY OF OATMILK TO ALL STORES IN CALIFORNIA, BUILDING ON ROLL-OUT EARLIER IN 2020 IN MIDWEST, U.S..STARBUCKS ANNOUNCES TWO NEW COLD-COFFEE BEVERAGES AND IMPOSSIBLE'S BREAKFAST SANDWICH TO BE ADDED TO SUMMER MENU AT STORES ACROSS U.S. FROM TUESDAY.  Full Article

Starbucks Says Comparable Store Sales In China Fell By About 14% In Final Week Of May Compared To Prior Year
Wednesday, 10 Jun 2020 

June 10 (Reuters) - Starbucks Corp ::STARBUCKS - COMPARABLE STORE SALES IN CHINA FELL BY ABOUT 14% IN FINAL WEEK OF MAY COMPARED TO PRIOR YEAR.STARBUCKS -STORE DEVELOPMENT ACTIVITIES IN CHINA RESUMED AT THE END OF MARCH.STARBUCKS - RECOVERY IN CHINA, WHICH STARTED IN LATE FEBRUARY, HAS CONTINUED INTO THIRD FISCAL QUARTER.STARBUCKS - CURRENTLY, 99% OF STORES IN CHINA ARE OPEN, OF WHICH ABOUT 90% HAVE RETURNED TO PRE-PANDEMIC OPERATING HOURS.STARBUCKS -ON TRACK TO ADD AT LEAST 500 NET NEW STORES IN CHINA THIS FISCAL YEAR.STARBUCKS - CHINA COMPARABLE STORE SALES VERSUS PRIOR YEAR DECLINING 21% IN MAY, IMPROVEMENT FROM DECLINE OF 32% IN APRIL.STARBUCKS - COMPARABLE STORE SALES FOR U.S. COMPANY-OPERATED STORES THAT WERE OPEN IN LAST WEEK OF MAY DECLINED 28% VERSUS THE PRIOR YEAR..STARBUCKS - U.S. CO-OPERATED STORES BEGAN TO RE-OPEN IN 2ND WEEK OF MAY, INCREASING FROM ABOUT 50% OPEN AT END OF APRIL TO 91% OPEN AT END OF MAY.STARBUCKS - COMPARABLE STORE SALES IN U.S. DECLINED BY APPROXIMATELY 32% IN THE FINAL WEEK OF MAY.STARBUCKS - U.S. COMP STORE SALES IMPROVED VERSUS PRIOR YEAR FROM DOWN 63% IN APRIL TO DOWN 43% IN MAY.STARBUCKS - CONTINUE TO BELIEVE COMPARABLE STORE SALES IN CHINA WILL SUBSTANTIALLY RECOVER BY THE END OF THE FOURTH FISCAL QUARTER.STARBUCKS - CONTINUE TO EXPECT U.S. BUSINESS TO IMPROVE DURING REMAINDER OF FISCAL 2020, WITH RECOVERY EXTENDING INTO NEXT FISCAL YEAR.  Full Article

Starbucks Says Average Weekly Cash Flow Is Expected To Be Positive By End Of Q3
Wednesday, 10 Jun 2020 

June 10 (Reuters) - Starbucks Corp ::STARBUCKS - AVERAGE WEEKLY CASH FLOW IS EXPECTED TO BE POSITIVE BY THE END OF Q3.STARBUCKS - EXPECT INTERNATIONAL’S COMPARABLE STORE SALES IN FISCAL 2020 TO DECLINE 40% TO 45% IN Q3.STARBUCKS - EXPECT INTERNATIONAL’S COMPARABLE STORE SALES IN FISCAL 2020 TO IMPROVE TO A DECLINE OF 10% TO 20% IN Q4.STARBUCKS - EXPECT COMPARABLE STORE SALES FOR AMERICAS & U.S. IN FISCAL 2020 TO DECLINE 40% TO 45% IN Q3.STARBUCKS - EXPECT COMPARABLE STORE SALES FOR AMERICAS & U.S. IN FISCAL 2020 TO IMPROVE TO A DECLINE OF 10% TO 20% IN Q4.STARBUCKS -U.S. IN-STORE TRANSACTIONS INCREASED SLIGHTLY FOLLOWING GRADUAL RE-OPENING OF CAFÉS IN MAY.STARBUCKS - EXPECT INTERNATIONAL’S COMPARABLE STORE SALES TO YIELD A DECLINE FOR FULL FISCAL YEAR OF 20% TO 30%..STARBUCKS - EXPECT COMPARABLE STORE SALES FOR AMERICAS & U.S. IN FISCAL 2020 TO YIELD A DECLINE OF 10% TO 20% FOR FULL FISCAL YEAR.STARBUCKS - EXPECT PORTFOLIO OPTIMIZATION WILL YIELD NET NEW STORE GROWTH FOR THE AMERICAS IN FISCAL 2021.STARBUCKS - ABOUT 96% OF GLOBAL COMPANY-OPERATED STORE PORTFOLIO IS OPEN.STARBUCKS - PORTFOLIO OPTIMIZATION IN AMERICAS TO HAVE A MODERATELY NEGATIVE IMPACT ON AMERICAS REVENUE THROUGH NEXT FISCAL YEAR.STARBUCKS - NOW EXPECT TO OPEN ABOUT 300 NET NEW STORES IN FISCAL 2020 FOR AMERICAS SEGMENT, DOWN FROM ORIGINAL EXPECTATION OF 600.STARBUCKS - EXPECT CHINA’S COMPARABLE SALES TO IMPROVE TO DECLINE OF 20% TO 25% IN Q3, AND TREND TOWARDS ROUGHLY FLAT BY END OF Q4.  Full Article

Starbucks - Over Last Week, Have Regained About 60%-65% Of Prior Year Comparable U.S. Store Sales
Thursday, 21 May 2020 

May 21 (Reuters) - Starbucks Corp ::STARBUCKS CORP - OVER LAST WEEK, HAVE NOW REGAINED ABOUT 60-65 PERCENT OF PRIOR YEAR COMPARABLE U.S. STORE SALES.STARBUCKS CORP - OVER PAST TWO WEEKS IN U.S., WE ARE SEEING A POSITIVE RESPONSE FROM CUSTOMERS.STARBUCKS - BEGAN REOPENING LARGE NUMBER OF STORES IN U.S. IN 2ND WEEK OF MAY; TRACKING SLIGHTLY ABOVE FORECASTED RECOVERY CURVE.STARBUCKS CORP - IN CHINA, WE HAVE SEEN PROGRESS AS WELL AND OUR COMPARABLE STORE SALES HAVE REACHED ABOUT 80 PERCENT OF PRIOR YEAR LEVELS.STARBUCKS CORP - WILL TAKE TIME TO FULLY RECOVER AND POST POSITIVE COMPARABLE STORE SALES GROWTH.STARBUCKS CORP - IN CHINA, EXPANDING OPTIONS FOR MOBILE ORDERING AND PICK-UP, AND INNOVATING ON OUR STORE OPERATIONS TO SERVE CUSTOMERS RESPONSIBLY.STARBUCKS - LAUNCHING NEW SUMMER MENU THURSDAY.STARBUCKS - CUSTOMERS WILL SOON SEE MORE CURBSIDE PICKUP OPTIONS AS WELL AS DELIVERY.STARBUCKS CORP - IT'S OUR INTENT TO PRESERVE AS MANY JOBS AS POSSIBLE WHILE ENSURING SAFETY OF STARBUCKS PARTNERS.STARBUCKS - PLANS FOR BROADER STORE TRANSFORMATION FROM LOWER PERFORMING LOCATIONS AND FORMATS TO NEW STORE FORMATS WILL NOW OCCUR OVER NEXT 12 TO 18 MONTHS.STARBUCKS CORP - TRANSFORMATION IS PARTICULARLY TRUE IN DENSE METRO AREAS.STARBUCKS CORP - WILL COVER HEALTH CARE PREMIUMS FOR ELIGIBLE PARTNERS DURING THIS PUBLIC HEALTH CRISIS FOR THOSE ON COVID-19 LEAVE.STARBUCKS CORP - MANY OF OUR STORES WILL MAINTAIN MODIFIED OPERATIONS AND REDUCED HOURS AND WILL NOT REQUIRE SAME LEVEL OF STAFFING.  Full Article

Starbucks Reports Q2 Fiscal 2020 Results
Wednesday, 29 Apr 2020 

April 28 (Reuters) - Starbucks Corp ::STARBUCKS REPORTS Q2 FISCAL 2020 RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.32.Q2 GAAP EARNINGS PER SHARE $0.28.Q2 REVENUE $6.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $5.89 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.34 -- REFINITIV IBES DATA.COVID-19 IMPACTS EXPECTED TO INTENSIFY IN Q3 AND MODERATE IN Q4.SUBSTANTIAL RECOVERY IN CHINA EXPECTED BY END OF FISCAL 2020.STARBUCKS - EXPECT CHINA'S SALES TO SUBSTANTIALLY RECOVER WITH COMPARABLE STORE SALES ROUGHLY FLAT TO PRIOR YEAR LEVELS AT END OF FISCAL YEAR 2020.STARBUCKS - Q2 GLOBAL COMPARABLE STORE SALES DECLINED 10%.Q2 AMERICAS AND U.S. COMPARABLE STORE SALES DECLINED 3%.Q2 INTERNATIONAL COMPARABLE STORE SALES WERE DOWN 31%.IN QUARTER, STARBUCKS REWARDS LOYALTY PROGRAM GREW TO 19.4 MILLION ACTIVE MEMBERS IN U.S., UP 15% YEAR-OVER-YEAR.SEES FISCAL YEAR 2020 CAPITAL EXPENDITURES OF ABOUT $1.5 BILLION.STARBUCKS - ON COVID-19 OUTBREAK, CURRENTLY UNABLE TO ESTIMATE FULL COMPANY FINANCIAL IMPACTS WITH REASONABLE ACCURACY.SEES FISCAL YEAR 2020 CHINA COMPARABLE STORE SALES GROWTH -15% TO -25%.SEES Q3 FY20 CHINA COMPARABLE STORE SALES GROWTH -25% TO -35%.SEES FY 2020 CHANNEL DEVELOPMENT GAAP REVENUE DECLINE OF 6% TO 8% WITH MODEST OPERATING MARGIN IMPROVEMENT.SEES Q4 FY20 CHINA COMPARABLE STORE SALES GROWTH -10% TO FLAT.CO OPENED 255 NET NEW STORES IN Q2, YIELDING 6% YEAR-OVER-YEAR UNIT GROWTH, ENDING THE PERIOD WITH 32,050 STORES GLOBALLY.  Full Article

Starbucks Confident Of Maintaining Appropriate Liquidity Through Current Crisis
Thursday, 9 Apr 2020 

April 8 (Reuters) - Starbucks Corp ::STARBUCKS CORP - CONFIDENT THAT CO WILL BE ABLE TO MAINTAIN APPROPRIATE LIQUIDITY THROUGH CURRENT CRISIS.STARBUCKS CORP - SHORTFALL OF ABOUT $400 MILLION IN CHINA'S Q2 REVENUE COMPARED TO EXPECTATIONS PRIOR TO THE EMERGENCE OF COVID-19.STARBUCKS CORP - CURRENTLY UNABLE TO ESTIMATE FULL FINANCIAL IMPACTS BEYOND Q2 FROM COVID-19 WITH REASONABLE ACCURACY.STARBUCKS CORP - CONTINUE TO BELIEVE THAT IMPACTS ARE TEMPORARY AND THAT BUSINESS WILL FULLY RECOVER OVER TIME.  Full Article

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