Were Hedge Funds Right About Starbucks Corporation (SBUX)?

04:09pm, Wednesday, 02'nd Feb 2022 Insider Monkey
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors

Starbucks warns more price hikes on the way due to inflation

03:19pm, Wednesday, 02'nd Feb 2022 New York Post
The Seattle-based coffee chain is planning even more menu price hikes this year after previous increases last October and January.
Staffing levels, pandemic restrictions remain hurdles, company says; price increases aid margins
Starbucks hiked up menu prices on January 1 — and it''s planning to raise them again this year as costs spiral.

Hot Stocks: GOOG, AMD, GM rally on earnings; SBUX, MRCY fall

01:36pm, Wednesday, 02'nd Feb 2022 Seeking Alpha
GOOG, AMD and GM rallied in pre-market trading on earnings news. Meanwhile, quarterly results put pressure on SBUX and MRCY.
Stock futures edge higher, paced by big tech gains; Google shares surge after blasting Q4 earnings, unveiling 20-for-1 spilt; AMD soars on robust 2022 chip demand outlook; PayPal disappoints with strategy shift, Ebay caution and Starbucks plans menu price increases to offset input costs and store closures.
Alphabet Explodes 7% Higher After Beating Estimates Across The Board, 20-For-One Stock Split Heading into today''s post-market earnings juggernaut, which includes EA, SBUX, PYPL, GM, and others, the one company investors were most focused on was Google, pardon Alphabet, the third largest US company by market cap As Bloomberg writes in its preview, investors will be laser focused on progress in Alphabet’s Google Cloud segment. The internet company’s cloud-computing unit is the No. 3 player in the U.S., behind Amazon Web Services and Microsoft’s Azure. But the far bigger question is whether Alphabet would continue the trend of earnings beats set last week with Microsoft and ahead of the coming earnings from Amazon and Facebook. The answer, at least judging by the stock''s kneejerk reaction which is 3.5% higher, was a solid yes. Here are the results: EPS $30.69 vs. $22.30 y/y, beating estimates of $27.35 Revenue $75.33 billion, +32% y/y, beating the estimate of $71.89 billion Revenue ex-TAC $61.

Starbucks misses comparable sales estimates on Omicron hit

09:23pm, Tuesday, 01'st Feb 2022 FX Empire
(Reuters) Starbucks Corp missed market estimates for quarterly same-store sales on Tuesday as rising COVID-19 infections during December and fresh curbs hampered a recovery in its fast-growing China market.
Starbucks Corporation (SBUX) reported global comparable store sales rose 13% during FQ1. Read more about Starbucks.

Starbucks declares $0.49 dividend (NASDAQ:SBUX)

09:10pm, Tuesday, 01'st Feb 2022 Seeking Alpha
Starbucks (NASDAQ:SBUX) declares $0.49/share quarterly dividend, in line with previous.Forward yield 1.98%Payable Feb. 25; for shareholders of record Feb. 11; ex-div Feb.
Starbucks press release (SBUX): Q1 Non-GAAP EPS of $0.72 misses by $0.08.Revenue of $8.1B (+21.4% Y/Y) beats by $150M.Shares -2.6%.Q1 Comparable Store Sales Up 13% Globally; U.S. Up

Starbucks Reports Q1 Fiscal 2022 Results

09:05pm, Tuesday, 01'st Feb 2022 Business Wire
SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended January 2, 2022. GAAP results in fiscal 2022 and fiscal 2021 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information. “This holiday quarter delivered strong revenue growth highlighted by incredible customer demand for Starbucks. As we enter
Shares of Starbucks have fallen 1% in the last 12 months, giving the company a market value of $113 billion.

What to watch for with the Starbucks'' earnings report

06:28pm, Tuesday, 01'st Feb 2022 Seeking Alpha
Starbucks Corporation (SBUX) fell 0.53% just a few hours ahead of the company''s FQ1 earnings report. Read more about SUX earnings.
Photo Illustration by Grayson Blackmon / The Verge Turning the ‘Great Resignation’ into good business It’s an interesting time to talk to someone in the business of helping people get new jobs — we’re still fully in the middle of the pandemic-driven Great Resignation, and a record 4.5 million people quit their jobs in November 2021 , and it doesn’t seem to be slowing down. But that’s exactly what Career Karma and CEO Ruben Harris are doing. Career Karma helps job-seekers identify potential new career paths, then matches them with coding boot camps and other training programs to help them on their way. Ruben and his team just raised $40 million in Series B funding for a total of $52 million, and it’s launching a live audio feature for job seekers to connect and talk about their career paths. So, of course, I wanted to talk to Ruben about what they plan to do with that infusion of cash and how exactly they plan to grow — and to talk about how Career Karma makes money, what he’s learned from his community about the future of the job market, and if he thinks the traditional 9 to 5 might be on the way out.
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