Starbucks: Features in Forbes Magazine (when will this company stop?)
03-02-2005, 12:13 PM
#1
Photoshops, and Polls!!!!
Thread Starter
Starbucks: Features in Forbes Magazine (when will this company stop?)
This month features an article about Starbucks, a Marketing Masterpiece...
FACTS
-Average cost of coffee 4.05$
-2585 Stores OUTside of United States
-sold 500,000 Ray Charles CD's last year!!!
-Stock Price: 50$
-Using thinner garbage bags acorss the enterprise saved 500k every year
-4400 stores in United States
-$5.3 billion (annula sales)
-636 transcations per store per day!!!
-76,000 a month in revenue per store a day
Article Here
http://www.forbes.com/business/globa.../0228/012.html
What do you think of this company?
Do you invest in it?
How long will it's reign last?
What markets or segements should they grow into? (or stay with core model)
What are it's biggest threats?
FACTS
-Average cost of coffee 4.05$
-2585 Stores OUTside of United States
-sold 500,000 Ray Charles CD's last year!!!
-Stock Price: 50$
-Using thinner garbage bags acorss the enterprise saved 500k every year
-4400 stores in United States
-$5.3 billion (annula sales)
-636 transcations per store per day!!!
-76,000 a month in revenue per store a day
Article Here
http://www.forbes.com/business/globa.../0228/012.html
What do you think of this company?
Do you invest in it?
How long will it's reign last?
What markets or segements should they grow into? (or stay with core model)
What are it's biggest threats?
Last edited by Jerky; 03-02-2005 at 12:16 PM.
03-02-2005, 03:24 PM
#2
Team Owner
Its biggest threat is that some hot new coffee company comes a long with a better spin. Perhaps Hooters coffee.
I don't think the coffee is all that great. It will eventually fall out of favor and go under fast. It may not be this year, or 5 years from now, but it will happen
I don't think the coffee is all that great. It will eventually fall out of favor and go under fast. It may not be this year, or 5 years from now, but it will happen
03-02-2005, 03:32 PM
#3
Some interesting information, it makes me want to put full cups of coffee in the trashcans so the bags split open on the workers.
When in Times Square I couldn't swing a dead cat w/o hitting a Starbucks, plust they were open late, in Boston they close too early.
I still prefer Dunkin Donuts coffee over starbucks.
When in Times Square I couldn't swing a dead cat w/o hitting a Starbucks, plust they were open late, in Boston they close too early.
I still prefer Dunkin Donuts coffee over starbucks.
03-03-2005, 12:07 PM
#6
Safety Car
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As long as economy does well, people are not going to mind paying 4 bucks for coffee. However, it's very unlikely people will stop buying even if economy tanks, maybe less but it will continue. Since the split, the stock price has doubled. If you are just looking to stash your money, SBUX and WalMart are good places, otherwise, very nominal growth because of saturation.
11-01-2018, 05:46 PM
#7
Haven't seen this kind of jump in stock price in a looong time.
$63.74 : +$5.11 (8.72%)
After hours: 6:45PM EDT
Q4 2018 results: https://www.cnbc.com/2018/11/01/star...ings-2018.html
EPS of $0.62 vs estimates for $0.60
Revenue of $6.3 billion (10.6% from $5.7 billion a year ago) vs estimates for $6.27 billion
U.S. same store sales: 4% vs estimates for 2.7%
Worldwide same store sales: 3% vs estimates for 2.3%
Starbucks Rewards members: up 15% to 15.3 million
2019 Full Year guidance
$63.74 : +$5.11 (8.72%)
After hours: 6:45PM EDT
Q4 2018 results: https://www.cnbc.com/2018/11/01/star...ings-2018.html
EPS of $0.62 vs estimates for $0.60
Revenue of $6.3 billion (10.6% from $5.7 billion a year ago) vs estimates for $6.27 billion
U.S. same store sales: 4% vs estimates for 2.7%
Worldwide same store sales: 3% vs estimates for 2.3%
Starbucks Rewards members: up 15% to 15.3 million
2019 Full Year guidance
- Add around 2,100 net new Starbucks stores globally
- Same-store sales growth near the lower end of its current 3 to 5 percent range
- Consolidated revenue growth of 5 to 7 percent
- Adjusted earnings per share in the range of $2.61 to $2.66
Trending Topics
03-16-2022, 12:01 PM
#8
My guess is he doesn't want to deal with all the Starbucks locations wanting to unionize.
https://www.cnbc.com/2022/03/16/star...rim-chief.html
https://www.cnbc.com/2022/03/16/star...rim-chief.html
Starbucks CEO Kevin Johnson is retiring, and Howard Schultz is returning as interim chief
Wed, Mar 16 2022
Starbucks CEO Kevin Johnson is retiring after five years on the job.
Howard Schultz will return as interim CEO, once again taking the helm of the coffee chain he elevated to a global brand while the company searches for a long term successor. This will be his third tenure as Starbucks’ chief executive.
Shares of the company rose 7% in morning trading on the news. Starbucks announced the leadership transition ahead of its annual shareholder meeting later Wednesday.
Johnson, 61, joined the board in 2009 while working as CEO of Juniper Networks, and became a member of the leadership team in 2015 as president and COO. In 2017, he was named president and CEO, succeeding Schultz. Wednesday’s annual shareholder meeting marks his 14th with the company, he wrote in his final letter to employees.
Schultz, 68, said in a statement he previously had no plans to return to the company. He served as CEO from 1986 to 2000, and again from 2008 to 2017.
“When you love something, you have a deep sense of responsibility to help when called. Although I did not plan to return to Starbucks, I know the company must transform once again to meet a new and exciting future where all of our stakeholders mutually flourish,” Schultz said in a statement.
Schultz’s salary as interim chief executive will be $1, the company said. Hobson said Starbucks wants to lean on “all of Howard’s expertise and all of his brilliance” throughout the transition, but denied he would stay on longer as the company’s next full-time chief executive.
“We have a great slate of candidates. People want this job, and we’re fully confident we’ll have a new leader in the fall,” she said. “He’s not going to stay for three years. ... We get him until the fall, full stop. Trust me.”
“Howard Schultz knows Starbucks. He knows the company’s strategy and goals. And Schultz is in a position to help in ways other interim CEOs could not. But, for a company the size and stature of Starbucks not to have a solid succession plan is surprising,” said Timothy Hubbard, an assistant management professor at University of Notre Dame’s Mendoza College of Business.
Former Chief Operating Officer Roz Brewer, once thought to be the heir apparent, departed the company in early 2021 to become chief executive of Walgreens Boots Alliance.
Starbucks’ CEO shift comes against a backdrop of growing efforts among the company’s baristas to unionize. To date, roughly 140 Starbucks stores in 26 states have petitioned the National Labor Relations Board to unionize, according to organizers Starbucks Workers United. Six locations so far have voted in favor of a union.
This week, the National Labor Relations Board filed a complaint over accusations Starbucks retaliated against two employees in Phoenix who were seeking to unionize their store location. On Tuesday, a group of 75 investors in Starbucks sent a letter to Hobson and Johnson urging the company to adopt a policy of neutrality for all current and future attempts by its workers to organize.
Hobson said Wednesday that Starbucks “made some mistakes” when asked about the union push.
“When you think about, again, why we’re leaning on Howard in this moment, it’s that connection with our people where we think he’s singularly capable of engaging with our people in a way that will make a difference,” she said.
Wed, Mar 16 2022
Starbucks CEO Kevin Johnson is retiring after five years on the job.
Howard Schultz will return as interim CEO, once again taking the helm of the coffee chain he elevated to a global brand while the company searches for a long term successor. This will be his third tenure as Starbucks’ chief executive.
Shares of the company rose 7% in morning trading on the news. Starbucks announced the leadership transition ahead of its annual shareholder meeting later Wednesday.
Johnson, 61, joined the board in 2009 while working as CEO of Juniper Networks, and became a member of the leadership team in 2015 as president and COO. In 2017, he was named president and CEO, succeeding Schultz. Wednesday’s annual shareholder meeting marks his 14th with the company, he wrote in his final letter to employees.
Schultz, 68, said in a statement he previously had no plans to return to the company. He served as CEO from 1986 to 2000, and again from 2008 to 2017.
“When you love something, you have a deep sense of responsibility to help when called. Although I did not plan to return to Starbucks, I know the company must transform once again to meet a new and exciting future where all of our stakeholders mutually flourish,” Schultz said in a statement.
Schultz’s salary as interim chief executive will be $1, the company said. Hobson said Starbucks wants to lean on “all of Howard’s expertise and all of his brilliance” throughout the transition, but denied he would stay on longer as the company’s next full-time chief executive.
“We have a great slate of candidates. People want this job, and we’re fully confident we’ll have a new leader in the fall,” she said. “He’s not going to stay for three years. ... We get him until the fall, full stop. Trust me.”
“Howard Schultz knows Starbucks. He knows the company’s strategy and goals. And Schultz is in a position to help in ways other interim CEOs could not. But, for a company the size and stature of Starbucks not to have a solid succession plan is surprising,” said Timothy Hubbard, an assistant management professor at University of Notre Dame’s Mendoza College of Business.
Former Chief Operating Officer Roz Brewer, once thought to be the heir apparent, departed the company in early 2021 to become chief executive of Walgreens Boots Alliance.
Starbucks’ CEO shift comes against a backdrop of growing efforts among the company’s baristas to unionize. To date, roughly 140 Starbucks stores in 26 states have petitioned the National Labor Relations Board to unionize, according to organizers Starbucks Workers United. Six locations so far have voted in favor of a union.
This week, the National Labor Relations Board filed a complaint over accusations Starbucks retaliated against two employees in Phoenix who were seeking to unionize their store location. On Tuesday, a group of 75 investors in Starbucks sent a letter to Hobson and Johnson urging the company to adopt a policy of neutrality for all current and future attempts by its workers to organize.
Hobson said Wednesday that Starbucks “made some mistakes” when asked about the union push.
“When you think about, again, why we’re leaning on Howard in this moment, it’s that connection with our people where we think he’s singularly capable of engaging with our people in a way that will make a difference,” she said.
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