Report
R.J. Hottovy
EUR 100.00 For Business Accounts Only

U.S. Plans Will Take Time, but Starbucks' International Opportunities Support Our Long-Term Optimism

Despite an eventful past several months, the narrative on Starbucks hasn't changed much, with lingering questions about its ability to reinvigorate U.S. traffic through product/marketing innovations, experience enhancements, and improved digital relevancy. U.S. comps remained at 2% during the quarter, with flat transaction growth and a 3% increase in average ticket. Management emphasized that comps improved as the quarter progressed, moving from under 1% in January to 3% in February/March, and t...
Underlying
Starbucks Corporation

Starbucks is a roaster, marketer and retailer of coffee. The company's segments are: Americas, which is inclusive of the United States, Canada, and Latin America; International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, and Africa; and Channel Development. The company's Americas and International segments include both company-operated and licensed stores. The company's Channel Development segment includes roasted whole bean and ground coffees, Seattle's Best Coffee?, Starbucks- and Teavana-branded single-serve products, a variety of ready-to-drink beverages, and other products sold worldwide outside of the company's company-operated and licensed stores.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
R.J. Hottovy

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