Core Insights - Starbucks has ended a prolonged sales decline, reporting a 1% increase in global same-store sales for the fiscal fourth quarter, marking the first rise in nearly two years [1][2] Sales Performance - The increase in same-store sales was primarily driven by international markets, which saw a 3% rise, while U.S. same-store sales remained flat with a 1% increase in spending per transaction but a 1% decrease in transactions [2] - In the previous quarter, U.S. same-store sales had fallen by 2%, indicating a recovery trend [2] Management and Strategy - CEO Brian Niccol highlighted that the results reflect the effectiveness of the turnaround strategy implemented after his arrival over a year ago, which includes new hospitality standards and store redesigns [3] - The company has also improved staffing levels to better manage peak hours, contributing to enhanced customer experience [3] Operational Improvements - New software has been introduced to optimize order sequencing for drive-thru, in-store, and mobile orders, significantly reducing wait times [4] - Currently, 80% of company-operated U.S. stores have in-store wait times averaging four minutes or less, even during high-volume periods [4] Financial Impact - Starbucks incurred $755 million in restructuring charges during the fourth quarter, which included layoffs of 900 non-retail employees and the closure of 627 stores, primarily in North America [5] - The company's profit fell 85% to $0.12 per share, with adjusted earnings of $0.52 per share, which was below the expected $0.56 [6] Revenue Growth - Net revenue for the July-September period rose by 5% to $9.6 billion, surpassing Wall Street's expectation of $9.3 billion [7] - The company anticipates that improvements in service and product innovations will lead to stronger sales in the future [7]

Starbucks on Wednesday posted its first quarter of global comparable sales growth after nearly a year-and-a-half, helped by a recovery in international markets, though growth still eluded its U.S. ope... ...

Welcome back to Market on Close. We're taking a look at Starbucks. The stock is down 14% over the last 52 weeks and is due to report its earnings after the bell today.The coffee giant is expected to report fourth quarter EPS of 55 cents on $9.3% billion in revenue. Today's earnings will conclude the first full year in charge for Brian Nickel, who joined last September after leaving the same role at Chipotle. And now it's time for Options Corner.We're going to feature Starbucks ahead of their earnings. talk ...

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Ahead of Starbucks’ third-quarter earnings release, a group of Starbucks investors — Strategic Organizing Center (SOC) Investment Group — sent a letter to the company’s executive board directors criticizing Starbucks for both its ongoing financial challenges and alleged labor law violations.  “Since the board named Mr. Niccol CEO, Starbucks has continued to struggle financially, and the board’s actions have failed t ...

Core Insights - Starbucks is expected to report adjusted earnings per share of $0.55 on revenue of $9.34 billion for its fiscal fourth quarter, indicating a 31% decline in adjusted earnings and a 2.6% rise in sales year-over-year [1] - Analysts predict no growth in US same-store sales, while a modest increase of 2.2% is anticipated in China [2] - The company is undergoing a $1 billion restructuring effort, which includes closing unprofitable locations and eliminating 900 non-retail jobs [3] Financial Performance - The expected adjusted earnings per share of $0.55 represents a significant decline compared to the previous year [1] - Revenue expectations of $9.34 billion reflect a slight increase in sales, contrasting with the decline in earnings [1] - Year-to-date, Starbucks stock has decreased by over 7%, while the S&P 500 has increased by more than 17% [2] Sales Trends - US same-store sales are projected to drop by 1.9% for the full year, with a 0.5% decline expected in China [2] - Visitation trends have not shown improvement in the current quarter, which may impact sales performance [4] - Recovery in same-store sales, particularly during the holiday season, is deemed crucial for the company's near-term share price performance [5] Strategic Initiatives - The company is implementing a restructuring plan that includes closing unprofitable locations and cutting corporate jobs [3] - The return of popular seasonal products, such as the pumpkin spice latte, has not generated significant excitement among investors [3]

Core Insights - Starbucks reported quarterly results that showed profits missed forecasts, but the first positive quarter of global same-store sales in nearly two years led to a rise in shares [1][3]. Financial Performance - In the fiscal fourth quarter ended September 28, Starbucks reported adjusted earnings per share of $0.52, missing forecasts of $0.55. Revenue was $9.6 billion, exceeding expectations of $9.34 billion [2]. - US same-store sales were flat, aligning with estimates, while same-store sales in China rose by 2%, slightly below the expected 2.2% [2]. Global Sales Trends - Global same-store sales increased by 1%, surprising analysts who forecasted a 0.5% decline, marking the first positive global comp sales in seven quarters [3]. - Following the earnings release, Starbucks stock initially rose by 3% but later lost gains in after-hours trading [3]. Strategic Changes - The company closed 627 stores during the fiscal year, with 90% located in North America, as part of a strategy to eliminate unprofitable locations and reduce corporate jobs, resulting in the elimination of 900 non-retail roles [4]. - CFO Cathy Smith indicated that the closed stores did not meet customer experience standards, despite potential profitability [5]. Market Outlook - Analyst Chris O'Cull noted that visitation trends have not improved in the current quarter, emphasizing that signs of same-store sales recovery during the holiday season will be crucial for near-term share price performance [6]. - CEO Brian Niccol expressed optimism about trends in the fiscal first quarter but acknowledged that customers are becoming more selective in their spending [6].

Starbucks Corp. has poured millions into rehabbing its stores to get more people through its doors and to hang out for longer. Neither of those things is happening. https://t.co/sDRqhl1WQE ...

Core Insights - Boyu Capital is the leading contender to acquire a controlling stake in Starbucks's China operations, potentially valuing the business at over $4 billion [1][2] - The negotiations between Starbucks and Boyu are expected to take several months and are not guaranteed to result in a deal [1] - Starbucks's China operations have drawn interest from over 20 potential investors during the fundraising process [4] Company Overview - Starbucks launched its first store in mainland China in 1999 and currently operates 7,800 outlets across 250 cities [3] - The company reported attributable net earnings of $558.3 million for Q3 FY25, a decline of 47% year-on-year, while consolidated net revenues grew almost 4% to $9.45 billion [5] Investment Landscape - Boyu Capital, established in 2011, invests across various sectors including real estate, infrastructure, private equity, and renewable energy [3] - Other investors, including internet companies, may participate as limited partners to co-finance the potential transaction [2]

Core Insights - Starbucks Corporation is set to release its fourth-quarter earnings results on October 29, with analysts predicting earnings of 55 cents per share, a decrease from 80 cents per share in the same period last year [1] - The expected quarterly revenue for Starbucks is $9.35 billion, an increase from $9.07 billion a year earlier [1] Dividend Information - On October 1, Starbucks raised its quarterly cash dividend from 61 cents to 62 cents per share [2] - Following the dividend announcement, Starbucks shares fell by 2.1%, closing at $85.43 [2] Analyst Ratings - Mizuho analyst Nick Setyan initiated coverage with a Neutral rating and a price target of $84 [4] - Barclays analyst Jeffrey Bernstein maintained an Overweight rating but reduced the price target from $115 to $95 [4] - Wells Fargo analyst Zachary Fadem kept an Overweight rating and lowered the price target from $105 to $100 [4] - Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $99 to $84 [4] - Baird analyst David Tarantino upgraded the stock from Neutral to Outperform and raised the price target from $100 to $115 [4]

Core Insights - Starbucks Corporation is set to release its fourth-quarter earnings results on October 29, with analysts expecting earnings of 55 cents per share, a decrease from 80 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $9.35 billion, an increase from $9.07 billion a year earlier [1] Dividend Information - On October 1, Starbucks raised its quarterly cash dividend from 61 cents to 62 cents per share [2] - Following the dividend announcement, Starbucks shares fell by 2.1%, closing at $85.43 [2] Analyst Ratings - Mizuho analyst Nick Setyan initiated coverage with a Neutral rating and a price target of $84 [4] - Barclays analyst Jeffrey Bernstein maintained an Overweight rating but reduced the price target from $115 to $95 [4] - Wells Fargo analyst Zachary Fadem kept an Overweight rating and lowered the price target from $105 to $100 [4] - Citigroup analyst Jon Tower maintained a Neutral rating and cut the price target from $99 to $84 [4] - Baird analyst David Tarantino upgraded the stock from Neutral to Outperform and increased the price target from $100 to $115 [4]