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Dec. 31, 2012- Starbucks Coffee Company (NASDAQ:SBUX) today announced that the company’s planned acquisition of Teavana Holdings, Inc. (NYSE:TEA) has formally closed, making Teavana a wholly-owned subsidiary of Starbucks and the newest addition to Starbucks emerging brands portfolio, which also includes Evolution Fresh, La Boulange, Seattle’s Best Coffee and Tazo. Starbucks acquired Teavana for an aggregate acquisition price of approximately $620 million in cash and is expecting the acquisition to be accretive to earnings by approximately $0.01 per share in fiscal year 2013, based upon the previously announced earnings targets. Teavana public stockholders of record will receive $15.50 per share in cash. Find more details about the future of Teavana and tea at Starbucks by reading a blog posted today by Jeff Hansberry , president, Channel Development and Emerging Brands. About Starbucks Corporation Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and ...
12/31/12
Innovation, operating leverage and global brand relevancy drive growth across retail and CPG channels Opening 3,000+ net new stores in Americas region by 2017 Channel Development (CPG) to double its international footprint by 2015 China on track to become second-largest market in 2014 Starbucks VIA® Ready Brew, K-Cup® packs and now the Verismo System combine to create the strongest and most complete line-up of premium single-serve options in the global coffee industry Social and digital media, loyalty and mobile payment platforms transforming customer experience and deepening connection to customers around the world Reiterated commitment to leadership position in $40 billion global tea market and reaffirmed intent to acquire Teavana this year Reiterated commitment to profitability in Western Europe Dec. 5, 2012- Starbucks (NASDAQ:SBUX) today reaffirmed its leadership position and growth agenda across its global retail, emerging brands and CPG channels at its biennial Investor ...
12/05/12
Nov. 20, 2012- Starbucks Corporation (NASDAQ:SBUX) announced that it will host its Biennial Investor Conference on Wednesday, December 5, 2012 . Due to limited capacity, attendance at the event is by invitation only, however a live audio webcast of the conference including slide presentations will be accessible at the following URL: http://investor.starbucks.com. The conference is scheduled to begin at 8:00 a.m. EST and will continue until approximately 1:00 p.m. EST. A replay of the webcast, along with slide presentations, will be accessible through January 9, 2013 , at the following URL: http://investor.starbucks.com . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 ...
11/20/12
Nov. 15, 2012- Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors has authorized the repurchase of up to 25 million shares of the Company’s common stock. This authorization is in addition to the 12.1 million shares that remained available at fiscal year-end 2012 for repurchase under an existing authorization. Since the Company’s initial share repurchase program was authorized in September of 2001, Starbucks has repurchased a total of 184 million shares at a cost of $5.1 billion under authorized programs through September 30, 2012 . “This additional authorization to repurchase stock reflects the continued strength of Starbucks balance sheet as well as our strong ongoing operating cash flow to both support the global growth in the business and return value to our shareholders through the payment of quarterly dividends and share repurchases,” stated Troy Alstead, chief financial officer. Shares will be repurchased in the open market at times and amounts ...
11/15/12
Starbucks planned acquisition vaults company into a leadership position of world’s second-largest beverage category, a $40 billion global market opportunity ripe for innovation Nov. 14, 2012- Furthering its commitment to innovate and transform the tea industry and enhance the consumer tea experience in the U.S. and internationally, Starbucks Coffee Company (NASDAQ:SBUX) has agreed to acquire Teavana Holdings, Inc. (NYSE: TEA) in an all-cash acquisition. Teavana is a specialty retailer offering more than 100 varieties of premium loose-leaf teas, authentic artisanal teawares and other tea-related merchandise. (Photo: Business Wire) Together, Starbucks and Teavana will jumpstart the next wave of growth in this dynamic category, leveraging Starbucks core competencies of real estate, design and store operations and integrating these with Teavana’s world-class tea authority, global sourcing capabilities, merchandising and best-in-class retail store unit economics. Powered by Starbucks ...
11/14/12
Q4 Revenues up 11% to a Record $3.4 Billion Q4 EPS of $0.46; Up 24% After Excluding Non-Routine Gains in Prior Year Strong Traffic Drives 7% US Comparable Store Sales Growth; 6% Global Growth Channel Development Revenue Grows 32% Board Raises Quarterly Cash Dividend 24% on Strength of Business and Outlook Nov. 1, 2012- Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 30, 2012. When comparing with prior year results, note that fiscal 2011 included non-routine gains related to the sale of corporate real estate and the acquisition of the company’s joint venture operations in Switzerland and Austria. A reconciliation of select FY11 GAAP measures to non-GAAP measures is included at the end of this document. Fiscal Fourth Quarter 2012 Highlights : Total net revenues increased 11% to a fourth-quarter record of $3.4 billion Global comparable store sales increased 6% driven by a 5% increase in ...
11/01/12
Oct. 18, 2012- Starbucks Corporation (NASDAQ:SBUX) plans to release its fourth quarter and fiscal year end 2012 financial results after the market close on Thursday, November 1, 2012 , with a conference call and webcast to follow at 2:00 p.m. PT . The conference call will be broadcast live over the Internet 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, November 30, 2012 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 share in the experience, please visit us in our stores or online at ...
10/18/12
Earnings per Share Increases 19% to $0.43 ; Revenues Grow 13% to $3.3 Billion U.S. Comparable Store Sales Grow 7%; Global Grows 6% CPG Revenue Grows 45%, Driven by Increasing Share of Premium Coffee Category Company Lowers Q4 FY12 Earnings Outlook Due to Global Economic Conditions Jul. 26, 2012- Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended July 1, 2012 . Fiscal Third Quarter 2012 Highlights: Total net revenues increased 13% to $3.3 billion U.S. comparable store sales increased 7%; Global comparable store sales increased 6% Channel Development revenues increased 45% to $316 million Operating income increased 22% to $492 million ; operating margin expanded 120 basis points to 14.9% EPS increased 19% to $0.43 per share, compared to $0.36 per share in Q3 FY11 Starbucks opened 231 net new stores globally, including its 600 th store in mainland China , and its first stores in Finland and Costa Rica . Q4 Fiscal 2012 Targets ...
07/26/12
Jul. 12, 2012- Starbucks Corporation (NASDAQ: SBUX) plans to release its third quarter fiscal year 2012 financial results after the market close on Thursday, July 26, 2012 , with a conference call and webcast to follow at 2:00 p.m. PT . The conference call will be broadcast live over the Internet 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 24, 2012 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 share in the experience, please visit us in our stores or online at www.starbucks.com . Source: ...
07/12/12
Acquisition is next step in expanding Starbucks® strong food platform with innovative new products, giving customers more reasons to frequent our stores and enjoy their Starbucks Experience Jun. 4, 2012- Responding to customer demand for more wholesome and delicious food options, Starbucks Coffee Company (NASDAQ:SBUX) today announced that it has entered into a definitive agreement to acquire San Francisco-based Bay Bread, LLC and its La Boulange® bakery brand, as well as to hire renowned French baker Pascal Rigo. This acquisition and Pascal’s visionary leadership will bring the artistry of the French bakery to the marketplace in a similar way that Starbucks brought the romance of the Italian espresso bar to many North American coffee consumers for the first time. La Boulange® bakery and Pascal are known for skillfully crafting authentic French pastries and breads from scratch using high-quality, fresh ingredients. With this acquisition, Starbucks plans to introduce many of Pascal’s ...
06/04/12
Renowned civic leader to direct community, diversity, government relations and global responsibility efforts May. 31, 2012- Starbucks Coffee Company (NASDAQ: SBUX) today announced it has appointed renowned community leader Blair Taylor as chief community officer. Taylor currently serves as President and CEO of the Los Angeles Urban League, an affiliate of one of the nation’s leading civil rights organizations. “At Starbucks annual shareholders meeting in March, I reiterated the company’s long-standing belief that there is a direct relationship between Starbucks success and the strength and vitality of the communities in which we do business,” said Howard Schultz , Starbucks chairman, president and ceo. “As a distinguished community advocate and an accomplished, entrepreneurial leader in the public and private sectors, Blair’s vision, experience and innovative thinking will enhance and elevate our commitment to Starbucks mission and work in the diverse communities we serve. We are ...
05/31/12
SEATTLE; May 29, 2012 - Starbucks Corporation (NASDAQ: SBUX) will be presenting on Tuesday, June 12, 2012 at the William Blair Growth Stock Conference in Chicago at 11:30 a.m. Central Time. A live webcast of the presentation will be available at http://investor.starbucks.com. An archived webcast will also be available on Starbucks website, at the same URL. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 share in the experience, please visit us in our stores or online at www.starbucks.com. Starbucks Contact, Investor Relations: Starbucks Contact, Media: JoAnn DeGrande Maggie Jantzen 206-318-7118 ...
05/29/12
May. 16, 2012- Starbucks Coffee Company (NASDAQ:SBUX) today announced several leadership changes to accelerate its innovation and growth. The company announced the following leadership moves as it further strengthens its three-region operating model: Lucy Lee Helm was named executive vice president, general counsel and secretary Arthur Rubinfeld was named chief creative officer and president, Global Development and Evolution Fresh Retail Annie Young-Scrivner was named executive vice president and president, Starbucks Canada Colin Moore was named senior vice president, Enterprise Optimization Craig Russell was named senior vice president, Global Coffee coinciding with the retirement of Dub Hay as senior vice president, Global Coffee Authority this November “As we continue to sharpen our focus and strengthen our three-region operating model, local relevancy and speed of decision making are two critical requirements we must deliver so that we can seize opportunities,” said Howard ...
05/16/12
Presidential Medal of Freedom Recipient adds global perspective and more than 45 years of public service to Board of Directors May. 2, 2012- Starbucks Corporation (NASDAQ:SBUX) announced today that Robert M. Gates, former U.S. Secretary of Defense and current chancellor of the College of William & Mary, was elected to the Starbucks Board of Directors. He will serve on the Board’s Nominating and Corporate Governance Committee. “We are honored and humbled to be adding this distinguished American leader to Starbucks Board of Directors,” said Howard Schultz , chairman, president and ceo. “Secretary Gates has devoted his life to serving our country and our next generation of leaders and public servants. His unique global perspective and more than four decades of distinguished public service will complement and strengthen our Board as we accelerate our global growth and expand our commitment to the communities where we do business all around the world.” Secretary Gates served in numerous ...
05/02/12
Strong Traffic Drives Global Comparable Store Sales Growth of 7% China Delivers Seventh Consecutive Quarter of Comparable Store Sales Growth Exceeding 20% Total Net Revenues Increase 15% EPS Grows 18% to a Q2 Record of $0.40 Company Increases Earnings Targets for Fiscal 2012 Apr. 26, 2012- Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal second quarter ended April 1, 2012. Fiscal Second Quarter 2012 Highlights : Total net revenues increased 15% to $3.2 billion Global comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket EPS increased 18% to $0.40 per share, compared to $0.34 per share in Q2 FY11 Channel Development revenues increased 57%, driven by sales of Starbucks- and Tazo-branded K-Cup® packs and the benefit of recognizing the full revenue from packaged coffee sales under the direct distribution model Starbucks opened 176 net new stores globally, including its 3,000th store in the ...
04/26/12
SEATTLE; April 11, 2012 - Starbucks Corporation (NASDAQ: SBUX) plans to release its second quarter fiscal year 2012 financial results after the market close on Thursday, April 26, 2012, with a conference call and webcast to follow at 2:00 p.m. PT.  The conference call will be broadcast live over the Internet 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, May 25, 2012. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 share in the experience, please visit us in our stores or online at www.starbucks.com. ...
04/11/12
Starbucks ® coffee and Tazo ® tea to be available for new Keurig ® Vue ™ Brewer Mar. 21, 2012- Starbucks Coffee Company (NASDAQ: SBUX) and Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffee makers, today announced the expansion of their strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks-branded Vue™ packs for use in GMCR’s recently introduced Keurig® Vue™ Brewer. “We are proud to expand our relationship with Green Mountain Coffee Roasters and are looking forward to working with our colleagues at GMCR to further accelerate growth in premium single-serve coffee,” said Jeff Hansberry , president, Channel Development, for Starbucks . “Premium single cup is the fastest-growing segment of global coffee, and the expansion of our relationship with GMCR allows us to grow further, faster, in the single cup category.” Starbucks is the exclusive, licensed super-premium coffee brand produced by GMCR for the ...
03/21/12
Starbucks Highlights Recent Milestones and Progress in Ethical Sourcing, Environmental Stewardship and Community Engagement Mar. 21, 2012- At its Annual Meeting of Shareholders, Starbucks Coffee Company (NASDAQ: SBUX) today announced the availability of its 11th annual Global Responsibility Report, outlining fiscal year 2011 performance in its effort to help communities thrive through ethical sourcing, environmental stewardship and community engagement. The interactive report is now available online at www.starbucks.com/GRreport. In 2011, Starbucks more than tripled the availability of in-store recycling. Photo Credit: Starbucks / Kathryn Barnard “The release of this year’s report at the Annual Meeting underscores our belief that the value of our company is directly connected to the values of our company,” said Vivek Varma, Starbucks executive vice president of Public Affairs. “We believe it’s critical that companies – including Starbucks – share the values of our customers and ...
03/21/12
Targets $8 billion energy category bringing green coffee innovation to customers on a global scale Mar. 21, 2012- Starbucks Coffee Company (NASDAQ: SBUX) today announced plans for a global entry into the energy category with Starbucks Refreshers™ beverages – making Starbucks the first to bring green coffee extract innovation to customers on a global scale. Starbucks Refreshers™ beverages are a breakthrough innovation that deliver thirst-quenching refreshment from real fruit juice and a boost of natural energy from a new source, green coffee extract. The new beverage platform gives the company an opportunity to introduce a completely new offering globally – yet another proof point of how Starbucks is executing its growth strategy. Raspberry Pomegranate Ready-to-drink Starbucks Refreshers(TM) beverages (Photo: Business Wire) “The launch of new products such as Starbucks VIA® Ready Brew, Starbucks® Blonde Roast Coffees and customizable Frappuccino are great examples of how we continue to ...
03/21/12
In its 20 th Year as a Public Company, Starbucks Announces: Addition of Fifth U.S. Manufacturing Facility Participation in Green Mountain’s Keurig Vue™ Brewing System 11th Annual Global Responsibility Report New Initiatives to Help Communities Thrive Mar. 21, 2012- Starbucks Coffee Company (NASDAQ: SBUX) today held its Annual Meeting of Shareholders in Seattle, where Howard Schultz, chairman, president and ceo attributed the company’s success to its long-standing commitment to helping communities thrive wherever around the world it does business. “For any company operating today, profitability cannot be the sole measure of success,” Schultz said. “Delivering long-term shareholder value is essential. But today’s increasingly complex world requires companies – including Starbucks – to hold ourselves to higher standards. Amidst continued worldwide economic uncertainty, Starbucks has demonstrated that it will continue to build shareholder value, but never before has that value been more ...
03/21/12
SEATTLE; March 16, 2012 - Starbucks Corporation (NASDAQ: SBUX) will hold its 2012 annual meeting of shareholders on Wednesday, March 21, 2012 at 10:00 a.m. PT.  The event will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com .  A replay of the webcast will be available on the company's website until Wednesday, April 25, 2012. About Starbucks Corporation Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 share in the experience, please visit us in our stores or online at www.starbucks.com . Starbucks Contact, Investor Relations: Starbucks Contact, Media: JoAnn DeGrande Maggie ...
03/16/12
Starbucks targets global leadership of the nearly $8 billion premium single cup coffee category Mar. 8, 2012- As part of its commitment to bring exceptional coffee and espresso beverages to its customers, Starbucks Coffee Company (NASDAQ:SBUX) today announced the first at-home premium single cup machine that meets its commitment to taste and quality, the Verismo® system by Starbucks. The Verismo® system by Starbucks crafts both Starbucks-quality espresso beverages, from lattes to americanos, and brewed coffee consistently and conveniently one cup at a time. Starbucks introduces the Verismo system by Starbucks , the first premium single cup solution to provide Starbucks -quality espresso and coffee beverages. The Verismo system by Starbucks will be available starting this fall. (Photo: Business Wire) Starbucks latest premium single cup innovation combines Starbucks signature Espresso Roast and drink recipes with precise Swiss engineering and a patent-pending high pressure extraction ...
03/08/12
Mar. 8, 2012- As part of its commitment to bring exceptional coffee to its customers, Starbucks Coffee Company (NASDAQ:SBUX) will today announce a new strategic initiative in the Premium Single Cup Category. Webcast Information Starbucks chairman, president and ceo Howard Schultz and Starbucks president, Channel Development, Jeff Hansberry , will host a webcast today at 2:00 p.m. PST . A simultaneous webcast will be available and subsequently archived at Starbucks Newsroom at http://news.starbucks.com . About Starbucks Corporation Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality arabica coffee in the world. Today, with stores around the globe, 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 share in the experience, please visit ...
03/08/12
Mar. 1, 2012- Starbucks Corporation (NASDAQ:SBUX) will be presenting on Wednesday, March 14, 2012 at the UBS Global Consumer Conference in Boston at 9:00 a.m. Eastern Time . A live webcast of the presentation will be available at http://investor.starbucks.com . An archived webcast will be available on Starbucks website, at the same URL, through Wednesday, April 25, 2012 . About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 share in the experience, please visit us in our stores or online at www.starbucks.com . © 2012 Starbucks Coffee Company. All rights reserved. Source: Starbucks Coffee Company ...
03/01/12
Strong Global Comparable Store Sales Growth of 9% Total Net Revenue Increases 16% to a Record $3.4 Billion EPS Grows 11% to a Record $0.50 Jan. 26, 2012- Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal first quarter ended January 1, 2012. Results are presented under the new reporting segments, which were effective with the beginning of fiscal 2012. Fiscal First Quarter 2012 Highlights : Total net revenues increased 16% to a record $3.4 billion Global comparable store sales increased 9%, driven by a 7% increase in traffic and a 2% increase in average ticket Starbucks opened 241 net new stores globally, reaching 500 stores in both mainland China and Latin America CPG revenue increased 72%, driven by the launch of Starbucks- and Tazo-branded K-Cup® packs and the impact of the Q2 FY11 transition of packaged coffee and tea to the direct distribution model Over 100 million Starbucks- and Tazo-branded K-Cup® packs shipped in Q1 following the ...
01/26/12
Jan. 12, 2012- Starbucks Corporation (NASDAQ:SBUX) will host a 30-minute conference call led by CFO Troy Alstead on Friday, January 13, 2012 , at 10:00 a.m. PT to provide a brief overview of Starbucks new reporting segments. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com . A replay of the webcast will be available on the company’s website until Friday, Feb 10, 2012 . The company filed an 8-K earlier today with its three-year historical financial results under the new reporting segments, which can also be found on the company’s website along with additional supplemental information. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding ...
01/12/12
SEATTLE; January 11, 2012 - Starbucks Corporation (NASDAQ: SBUX) plans to announce its first quarter fiscal year 2012 financial results in a press release to be issued following the close of the financial markets on Thursday, January 26, 2012.  The company will host a live conference call which will be simultaneously webcast at 2:00 p.m. PT and will be accessible from the Investor Relations portion of the company's website: http://investor.starbucks.com/ .  A replay of the webcast will be available on the company's website until end of day Friday, February 24, 2012. About Starbucks Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, 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 ...
01/11/12