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NAS:SBUX, May 22, 03:44 UTC

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Friday, May 17


News

Bill Ackman Comments on Starbucks

SBUX

- By Holly LaFon SBUX's (NASDAQ:SBUX) fiscal second quarter results lend further support to our belief in the company's wide competitive moat and its long-term, high -single-digit revenue growth outlook. Starbucks' store base grew 7% this quarter to more than 30,000 stores globally. Same-store sales grew 3% globally, including 4% growth in the U.S. for the third consecutive quarter, and slightly positive transaction growth in the U.S. for the second quarter in a row. U.S. same-store sales should continue to improve due to the rollout of the Nitro cold beverage platform from just over half of company-operated stores to all by the end of September, new innovations such as the Cloud Macchiato, and continued efforts to engage less frequent customers, including a more accessible loyalty program.China same-store sales growth of 3% was impressive in light of the intense competitive environment and the rapid expansion of the Starbucks store base, which should be supported in the near-term by the launch of mobile order and pay, and the continued rollout of delivery.

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Starbucks' Chinese nemesis surges 20% in public debut

SBUX

After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50%, before settling back down to $20.38 at the market's close. The company has a market cap north of $5 billion after its first day of trading. The brick-and-mortar coffee chain has achieved major success in China by offering speedy delivery services to Chinese consumers.

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News

Chipotle, Starbucks, Restaurant Brands Among Pershing Square's Top Q1 Performers

SBUX QSR +2 more SBUX QSR CMG QSR

Chipotle, Starbucks, Restaurant Brands Among Pershing Square's Top Q1 Performers. Pershing Square Holdings, the hedge fund controlled by billionaire Bill Ackman, reported strong performance in the first quarter of 2019. Notable holdings in the fund’s portfolio include Chipotle Mexican Grill, Inc. (NASDAQ: CMG), making up 9.8 percent of the fund; Restaurant Brands International (NASDAQ: QSR) at 5.3 percent; and Starbucks Corporation (NASDAQ: SBUX) making up 3.2 percent of the fund. “Despite the 63-percent year-to-date increase in the share price, we believe that Chipotle is in the early innings of its transformation and that its robust pipeline of initiatives in the stage gate process, accelerated footprint expansion and a world-class management team should drive superlative growth in sales and profits for years to come,” the hedge fund said in a Friday letter to its investors.

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Luckin Coffee, a Starbucks Rival, Sees Shares Spike in IPO

SBUX

Luckin Coffee, a Starbucks Rival, Sees Shares Spike in IPO. Founded by Jenny Qian Zhiya, a co-founder of the Chinese ridesharing service UCAR, Luckin takes a tech-driven approach to the Chinese coffee market, focusing on its app and on convenient pickup and delivery. The company is specifically not following Starbucks' approach to the Chinese market -- that company sees its stores as a "third place" away from home or work where customers can relax, meet with friends, or take a date. The company has blanketed China with new openings in a blitz rarely seen in the retail or restaurant industries. As of March 31, the company had 2,370 stores in 28 cities across China, and plans to add 2,500 more locations this year. If it reaches its goal, Luckin would be larger than Starbucks in China by store count.

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Luckin, a Starbucks rival in China, jolts higher in US debut

SBUX

Luckin, a Starbucks rival in China, jolts higher in US debut. NEW YORK (AP) — Luckin Coffee, a fast-growing rival to Starbucks in China, jolted higher in its U.S. stock market debut Friday. The Chinese company, which opened its first store in Beijing less than two years ago, has 2,370 locations and plans to surpass the 3,700 stores Starbucks has in China by the end of the year. Most of its stores are small, have few seats and are used mainly as a place to pick up mobile orders.

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Stock Market News: Tesla Hits the Brakes; Will Starbucks Be a Trade-War Casualty?

SBUX TSLA

Stock Market News: Tesla Hits the Brakes; Will Starbucks Be a Trade-War Casualty? The sentiment battle between strong U.S. economic prospects and the threat of a prolonged trade conflict with China whipsawed investors from one extreme to the other. As of 11:45 a.m. EDT, bearish investors were in the ascendancy, with the Dow Jones Industrial Average(DJINDICES: ^DJI) down 5 points to 25,858. Two major companies in the U.S. face very different challenges, but each will have to figure out the best way to move forward and preserve its opportunities for long-term growth. For Tesla (NASDAQ: TSLA), details about a fatal crash and moves to tighten cost controls in order to reduce the size of recent losses are just the latest in the electric-vehicle specialist's long saga of trying to overcome adversity. Meanwhile, Starbucks saw its stock climb a fraction of a percent, remaining near all-time highs. Yet it's one of the coffee company's major new competitors that's getting the lion's share of investor attention today, as China's Luckin Coffee (NASDAQ: LK) debuted on the Nasdaq Stock Market.

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Thursday, May 16


News

3 Must-See Quotes From Starbucks' Earnings Call

SBUX

Daniel Sparks, The Motley FoolMotley FoolMay 16, 2019, 9:51 PM GMT. For Starbucks (NASDAQ: SBUX), the fiscal second quarter was solid, bolstered by strong comparable-store sales growth in the U.S. and a 17% year-over-year increase in stores in China. These strong quarterly results, combined with Starbucks' fiscal first-quarter results reported earlier this year, have helped the coffee giant's stock easily beat the market this year. To better understand what has investors so optimistic about Starbucks recently, here's a look at three key quotes from management during the company's fiscal second-quarter earnings call. In the second quarter, we expanded our active member base by half a million customers [sequentially], a 13% [year over year] increase that takes active Rewards membership to 16.8 million.

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Wednesday, May 15


News

Starbucks Runs Ahead of Peers & S&P 500: Surges 21% YTD

SBUX

Currently, this Zacks Rank #2 (Buy) company is benefiting from solid global footprint, successful innovations, best-in-class loyalty program and robust business in China as well as Americas. Management believes that China and the Asia-Pacific region will fetch more meaningful business over the next five years supported by rapid unit growth, growing brand awareness, and increased usage of the digital/mobile/loyalty platforms. By the end of 2019, the company expects to expand Starbucks Delivers to 3,000 stores across 50 cities in the country. In the United States, the company’s membership increased 11% year over year under the My Starbucks Rewards (MSR) program in fiscal 2017 and rose 15% to 15.3 million active members in fiscal 2018.

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Wedgewood Partners, Inc. Buys Starbucks Corp, Sells Qualcomm Inc, Charles Schwab Corp, ...

SBUX QCOM +1 more SBUX QCOM BRK.B

Wedgewood Partners, Inc. Buys Starbucks Corp, Sells Qualcomm Inc, Charles Schwab Corp, ... - By insider Investment company Wedgewood Partners, Inc. buys Starbucks Corp, sells Qualcomm Inc, Charles Schwab Corp, Berkshire Hathaway Inc, Ross Stores Inc, Visa Inc, Old Dominion Freight Lines Inc, Tractor Supply Co, Alphabet Inc, Fastenal Co, PayPal Holdings Inc, Core Laboratories NV during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Wedgewood Partners, Inc.. As of 2019Q1, Wedgewood Partners, Inc. owns 36 stocks with a total value of $1.4 billion. Reduced Positions: QCOM, SCHW, BRK.B, ROST, V, EW, AAPL, ODFL, TSCO, BKNG, FB, GOOGL, FAST, PYPL, CTSH, CELG, ULTA, GOOG, CLB, VZ, SLB, AEE. For the details of David Rolfe's stock buys and sells, go to https://www.gurufocus.com/guru/david+rolfe/current-portfolio/portfolio. Edwards Lifesciences Corp (EW) - 660,819 shares, 9.23% of the total portfolio. Apple Inc (AAPL) - 645,699 shares, 8.96% of the total portfolio.

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Tuesday, May 14


News

Starbucks Makes a Deeper Commitment to Going Green

SBUX

"We are very pleased to see that our new sustainability bond attracted significant investor interest and was oversubscribed," said Starbucks CFO Patrick Grismer in a press release. "The bond demonstrates Starbucks' commitment to meaningful, continual progress toward our aspiration of sustainable coffee, served sustainably. It also illustrates a trend toward heavier interest from investors in our socially and environmentally focused projects -- in this case supporting coffee farmers and leading in green retail." The coffee chain plans to use the proceeds of the bond to fund a number of programs. Some of these efforts are continuations of earlier programs, while others are new:. Bond funds will also support "the continued development and operation of Farmer Support Centers and agronomy research and development centers in coffee-growing regions around the world," as well as new and refinanced loans to coffee farmers via the company's Global Farmers Fund.

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