• News
  • Tech

Telling Metrics From Starbucks Corporation's First Quarter

Telling Metrics From Starbucks Corporation's First Quarter

But in the company's first fiscal quarter of 2017, not even continued mobile ordering growth could boost its sales above Wall Street's expectations. On top of congestion solutions, we believe Starbucks Reward Card loads (which increased 15% to $2.1 billion in the quarter, or nearly 10% of our expected revenue outlook for the year), personalized marketing, and other tech innovations like "My Starbucks Barista" voice-recognition technology will help Starbucks reach its full-year target-including mid-single-digit comps and 8%-10% revenue growth for the year, despite a likely uneven USA retail traffic landscape. Analysts surveyed by Consensus Metrix predicted a 3.7 percent gain for the period. Starbucks shares fell 3.8 percent in after-hours trading.

Shares of Starbucks Corporation (NASDAQ:SBUX) traded down 3.69% on Friday, reaching $56.30. The highest analyst price target is $71.00, which implies a rally of 79 percent. The Stock had a 1.52 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.55 and 1.52 respectively. Over on the CBOE, the single-session equity put/call volume ratio nudged higher to 0.65 and the 10-day moving average held at 0.65 for the seventh straight session. Revenues rose 6.7 percent to $5.7 billion, up from $5.4 billion.

What's more, following the earnings release, the main criticism from analysts has been "Starbucks is innovating too fast" - a nice way of saying the management is spending too much money.




The company announced revenue of $25.8 billion and EPS of $0.84. Its evp, gen. counsel & secretary Helm Lucy Lee sold 29,244 company shares for $1717000.21, in a transaction on 2016-12-14. Deutsche Bank AG decreased their target price on Starbucks Corporation from $67.00 to $59.00 and set a "hold" rating for the company in a research note on Tuesday, November 1st. Following the transaction, the evp, gen. counsel & secretary is left with a stake of 1717.21 shares, now valued at $100800.

Buckingham Research analysts provided their view on Starbucks Corporation (NASDAQ:SBUX) recently. On Dec 12, 2016, Clifford Burrows (group pres. Siren Retail) sold 80,000 shares at $58.88 per share price, according to the Form-4 filing with the securities and exchange commission. The Company purchases and roasts coffees that it sells along with coffee tea and other beverages and a range of fresh food items through Company-operated stores. Eateries know they need to be where their customers are: on phones, preferably in the form of an app through which orders can be placed and paid for. was one of the early adopters in this regard - it rolled out the first iteration of its mobile app in January 2011 - and has been reaping the benefits ever since. The Firm also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and foodservice accounts.

Leave Your Comment

Leave Your Comment


Latest News

  • Trump expected to sign order to suspend US  refugee program

    Trump expected to sign order to suspend US refugee program

    In addition to Syria, Trump's orders are expected to temporarily restrict access to the United States for most refugees. But as the humanitarian crisis in Syria worsened, former President Barack Obama pushed for an increase in admissions.
    Tesla Motors Inc. (TSLA) Over-the-air Updates Changing

    Tesla Motors Inc. (TSLA) Over-the-air Updates Changing

    Per another Musk tweet , Autosteer will only activate below 45 mph, because it's "needed most" in heavy traffic. Autopark: When activated, the auto can steer itself into a parallel or perpendicular parking space.
    NOAA Releases Spectacular First Images From New GOES-16 Satellite

    NOAA Releases Spectacular First Images From New GOES-16 Satellite

    The other satellites in the GOES fleet are based on technology developed in the 1990s, so GOES-16 is a huge leap forward. The satellite is expected to become fully operational in November, about a year from its launch.
  • J&J Boosts Drug Roster With $30B Actelion Deal

    J&J Boosts Drug Roster With $30B Actelion Deal

    Actelion shares surged 21 percent to 273.90 Swiss francs as of 12:54 p.m., after having climbed 68 percent since early November. The plan calls for two rates: 8.75 percent for profit held as cash or cash equivalents and 3.5 percent for other investments.

    Tennis player who escaped abusive father reaches Australian Open semi-finals

    After trading breaks early in the opening set, the Croatian would break Pliskova in the 10th game to take the first set 6-4. So much has been said and written about Lucic-Baroni that she might write a book to tell her side of the story.
    Tottenham fight back to draw against Manchester City

    Tottenham fight back to draw against Manchester City

    The France worldwide first headed an attempted clearance at Leroy Sane , who sent the ball home 4 minutes after the restart. He quickly made an impact, taking on Kyle Walker, beating him down the sideline, and putting a cross into a risky area.
  • Day to play with Tiger, DJ

    Day to play with Tiger, DJ

    But the course at Torrey Pines is nothing new to him, even if the north course has been completely transformed . This one counts, and it won't be long before Woods is measured against the rest of the field .
    'Teen Mom 2' Star Chelsea Houska Welcomes Baby Boy With Cole DeBoer

    'Teen Mom 2' Star Chelsea Houska Welcomes Baby Boy With Cole DeBoer

    Houska added on her website . "Anything else go on while I was sleeping?" Congratulations to the growing family! The father is her husband Cole DeBoer.

    Bucks' Brogdon named to Rising Stars Challenge on all-star weekend

    The Denver Nuggets are well represented in this game, with Nikola Jokic , Emmanuel Mudiay and Jamal Murray all on the World squad. Porzingis will play on the World Team in the exhibition between rookies and second-year players February 17 in New Orleans.
  • New Map Shows Mostly Southern California Counties Remain In Extreme Drought

    New Map Shows Mostly Southern California Counties Remain In Extreme Drought

    Tennessee drought coverage has fallen from 100 percent in late November 2015 to 17 percent as of Tuesday. Now, almost 50 percent of the state is either drought free of just considered abnormally dry.
    Gambian President Barrow to return home Thursday

    Gambian President Barrow to return home Thursday

    Barrow was sworn into office on January 19 at the Gambian Embassy in Senegal because of security threats as Jammeh clung to power. Pensioner Ibrahima Gaye said: "He will be different in all aspects. we have been living under dictatorship for 22 years".
    Trump names Pai FCC's new chairman, portending policy reversals

    Trump names Pai FCC's new chairman, portending policy reversals

    Wheeler won that battle when a federal appeals court upheld the net neutrality rules and reclassification. In his FCC bio, Pai argues that "consumers benefit most from competition, not preemptive regulation".
  • Nasa astronauts get tailor made spacesuits by Boeing for Starliner flights

    Nasa astronauts get tailor made spacesuits by Boeing for Starliner flights

    Someone at Boeing has been on a serious Kubrick kick , as evidenced by the new spacesuits for its NASA Starliner astronauts. Developed in collaboration with veteran astronaut Chris Ferguson, NASA's Commercial Crew Program, and David Clark Co.
    DREAMers, DACA Recipients Not First Focus for Deportation, White House Says

    DREAMers, DACA Recipients Not First Focus for Deportation, White House Says

    They note that Trump has yet to define what categories of criminal violations would constitute grounds for swift deportation. Obama bypassed Congress and created the deferred action program on his own with an executive action.

    Aetna-Humana Decision Highlights Weaknesses in Insurance Mergers

    Crawford said. "This merger would have stifled competition and led to higher prices and lower quality health insurance", he said. US District Judge John Bates blocked the proposed merger of Aetna Inc and Humana Inc on antitrust grounds.
  • Pope forces conservative out in condom battle

    Pope forces conservative out in condom battle

    The head of the ancient catholic order the Knights of Malta has resigned in the latest twist over a condom distribution program. Boeselager went on to be elected grand chancellor - essentially the order's interior and foreign minister.
    Virginia Mom Disappears With 2 Young Children After Blind Date

    Virginia Mom Disappears With 2 Young Children After Blind Date

    Pierce says police will debrief the family to learn what happened, adding that "it's not against the law to be missing". Every family member 10 On Your Side has spoken to has said the same thing - it is unlike Monica to leave like this.
    Nintendo Switch Could Be A

    Nintendo Switch Could Be A "Big Hit" But It Will Take Time

    Pre-orders for the console sold out within days, and it's hard to know when or if more will be made available by retailers. Some of Nintendo's game consoles and many of their game titles have been huge hits and performed well in the past.

Breaking News



Recommended

Science goes rogue: U.S. government agencies tackle Trump on Twitter

At least 14 "rogue" Twitters accounts have since been launched on behalf of U.S. federal agencies. Twitter dealt with the Badlands National Park account hacking by a disgruntled employee.

Joby Harold Tapped To Rewrite 'The Flash' Feature Film Script

Ever since Warner Bros. shifted the schedules for their DCEU slate, things for The Flash starring Ezra Miller did not look good. The Flash movie is now without a director, after Rick Famuyiwa left the project in October past year .

Dubai Airport CEO Says He's Open to Helping Donald Trump, American Airports

Plus, flydubai, Emirates and other companies launched eleven new destinations from DXB. DWC's anticipated passenger capacity will exceed 160 million passengers per year.

Royal Rumble 2017 Preview & Predictions

The WWE universe has been begging for a heel turn from reigns for quite some time , but now is the flawless opportunity to do it. If that weren't enough, this was the same Rumble that saw all of three of Mick Foley's personalities enter at different points.

The Cleveland Cavaliers Bench Is Their Biggest Problem

Parker has a sore left foot, which isn't considered serious, but he's also expected to sit out Monday's game at Brooklyn. After the 2014-2015 campaign, the Cavs gave Tristan Thompson a lucrative deal to stay in Cleveland.

School Choice rally being held in Austin

Deborah Hendrix of Parents Challenge said school choice increases competition, which leads to improvement. Tim Scott (R-S.C.) spoke about his own rise out of poverty and the role of education in changing lives.

Trump ends tax dollars for NGOs that provide abortions

The presidents previous to Obama who took actions on the policy signed them on January 22 of their respective years, which is the anniversary of the Roe v.

Plea says Bastia fans racially abused teammate Balotelli

Last weekend, it was held 0-0 at home by struggling Metz, with Balotelli suspended for that game. Sportsmail contacted Bastia football club, the FFF and La Commission de Discipline for comment.

Vandeweghe Crushes Kerber, Rolls Into AO Quarterfinals

This contest should go the distance, but whether Vandeweghe can cause a boilover will rest on her ability during clutch moments. Murray was agitated right from the start, hitting into the net early on and screaming loudly as glanced at his players' box.

Protestoes burn Donald Trump statue and mock president with fake 'Great Wall'

The TPP included Mexico, the United States and 10 other countries spanning the Pacific. Trump and Pena Nieto met in Mexico City in late August during the campaign.