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Starbucks
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Starbucks EPS jumps 28% to a Q3 record $0.55 per share

July 25th, 2013 by ,    photos by starbucks.com

Press release - Starbucks (SBUX) - July 25, 2013

 
 

SEATTLE, July 25, 2013 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal third quarter and 39-week fiscal year to date ended June 30, 2013.

Q3 Fiscal 2013 Highlights:

  • Total net revenues increased 13% to $3.7 billion
  • Global comparable store sales grew 8% driven by 7% growth in traffic; all regions accelerated over Q2
    • Americas comp growth of 9%, driven by 9% comp growth in the U.S.
    • EMEA comp growth of 2%, driven by a 5% increase in traffic
    • China/Asia Pacific comp growth of 9%; traffic growth doubled versus Q2
  • Consolidated operating income increased 25% to $615.2 million
  • Consolidated operating margin expanded 150 basis points to 16.4%
  • Earnings per share increased 28% to $0.55 per share
  • Dollars loaded on Starbucks Cards globally grew 30% year over year
  • Starbucks shipped its one billionth Starbucks- and Tazo-branded K-Cup® in the quarter
  • Company opened 341 net new stores in Q3; now operates 19,209 stores globally

“Starbucks Q3 results represent the best across-the-board third-quarter performance in our 42-year history,” said Howard Schultz, chairman, president and ceo. "Our more than 19,000 store global footprint, our fast-growing CPG presence and our best-in-class digital, card, loyalty and mobile capabilities are creating a 'flywheel' effect elevating the relevancy of all things Starbucks, and driving profitability.”

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Starbucks and Danone announce strategic agreement to create and develop an exclusive line of Evolution Fresh, Inspired by Dannon-branded fresh dairy products

July 23rd, 2013 by ,    photos by starbucks.com

Press release - Starbucks (SBUX) - July 23, 2013

 
 

SEATTLE & PARIS, July 23, 2013 - Starbucks Coffee Company (NASDAQ:SBUX), the world’s leading coffee retailer and roaster of specialty coffees, and Danone (EN Paris:BN), the world’s leading producer of fresh dairy products, today announced a strategic agreement to offer a jointly created and developed selection of new, healthy specialty yogurt products in participating Starbucks stores and in grocery channels. This will advance Danone’s ambition to expand yogurt consumption in the U.S., while growing Starbucks health and wellness offerings for its customers under the company’s Evolution Fresh brand.

A new portfolio of delicious and nutritious Evolution Fresh, Inspired by Dannon- branded ready-to-eat Parfait Greek yogurt products will be co-created by Starbucks and Danone for exclusive distribution in the U.S. Starbucks will offer the products through its stores in spring 2014, and Danone in grocery channels in 2015. Distribution is planned to be extended to include targeted markets around the world in a second phase that builds upon the success of the U.S. initiative.

“Starbucks is committed to evolving and enhancing our customer experience with innovative and wholesome food offerings. Today’s announcement underscores this commitment through the transformation of our existing yogurt offerings and our multi-year agreement with Danone,” said Howard Schultz, Starbucks chairman, president and chief executive officer. “We are energized by the strong customer response to Evolution FreshTM offerings, and believe a strategic agreement with Danone, the world leader in fresh dairy products, affords us the perfect opportunity to grow - and elevate - the Evolution Fresh brand both in our stores and in CPG channels.”

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Stock Market

Starbucks stores to open in Galeries Lafayette

July 16th, 2013 by ,    photos by starbucks.com

Press release - Starbucks (SBUX) - July 15, 2013

 
 

Paris, July 15th, 2013 – Today, Starbucks and Galeries Lafayette are pleased to announce a partnership for the French market, with two stores opening at the end of this summer in Paris. The first store will be situated inside the iconic ‘Coupole’, on the 3rd floor, at the famous Paris flagship Haussmann department store in the 9th district, with the second store due to open later at 81 rue de Provence (9th district). Starbucks and Galeries Lafayette plan to expand this partnership with additional stores to open in the next few years across the country.

This announcement celebrates Starbucks continued support and commitment to bringing great coffee to the French market, adding to its existing portfolio of 83 stores across the country. Through significant licensed partnerships, Starbucks is opening in new locations across Europe, from airports to drive-thru sites, providing customers with great coffee wherever they are.  

Doug Satzman, SVP, Business Development & Channel Operations, Starbucks EMEA: “We are developing partnerships with leading retailers across Europe, of which Galeries Lafayette is a prime example. We are delighted for the opportunity to add Starbucks to the world famous brands that are already present inside the Galeries Lafayette department stores.”  

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Starbucks announces Q3 fiscal year 2013 results conference call

July 10th, 2013 by ,    photos by starbucks.com

Press release - Starbucks (SBUX) - July 10, 2013

 
 

SEATTLE, July 10, 2013 - Starbucks Corporation (NASDAQ: SBUX) plans to release its third quarter fiscal year 2013 financial results after the market close on Thursday, July 25, 2013, with a conference call and webcast to follow at 2:00 p.m. PT. The conference call will be broadcast live and can be accessed at http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until end of day Friday, August 23, 2013.

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Starbucks announces the opening of 100 new stores in Malaysia over the next four years

June 26th, 2013 by ,    photos by starbucks.ca

Press release - Starbucks (SBUX) - June 26, 2013

 
 

KUALA LUMPUR, Malaysia, June 26, 2013 - Ahead of its 15-year anniversary celebrations in Malaysia, Starbucks Coffee Company (NASDAQ:SBUX) today announced plans to open 100 new stores in Malaysia over the next four years.

John Culver, group president, Starbucks China and Asia Pacific, Channel Development and Emerging Brands, reaffirmed the Company’s commitment to building the brand in Malaysia, and across Southeast Asia, during his two-day market visit in Kuala Lumpur. Starbucks earlier announced plans to add 100 new stores in Indonesia over three years, 100 new stores in the Philippines over the next four years and to double the number of stores in Thailand over the next five years.

“We have a historic opportunity to become one of the most respected and enduring brands across Southeast Asia, delivering an unparalleled experience to Starbucks customers, while supporting local communities. In Malaysia, we are humbled by the way customers have embraced the Starbucks Experience, and as we look to celebrate 15 years in this dynamic market, I would like to thank our partners for earning the trust of our customers and sharing their coffee passion each and every day,” said Culver. “We will continue to build the Starbucks brand in Malaysia holistically, adding 100 new stores over the next four years, evaluating ways to expand across new channels like grocery and convenience stores, all while staying true to our core values of investing in our people and in the communities we serve.”

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