Starbucks To Raise Prices By Up To 30 Cents
Published on Jul 6, 2016 Starbucks (SBUX, quote) coffee chain plans to implement a price hike at its stores starting July 12.
Published on Jul 6, 2016 Starbucks (SBUX, quote) coffee chain plans to implement a price hike at its stores starting July 12.
Option Alert Service Signal New Trade Suggestion
Option Alert Service Signal New Trade Suggestion
A whirlwind is pushing Starbucks’ (SBUX, quote) stock around in today’s session after yesterday’s earnings report and followup conference call.
Starbucks Corp. (SBUX, quote) announced yesterday it has come to an agreement to purchase tea retailer Teavana Holdings Inc. (TEA, quote) a loose-leaf tea store for approximately $620 million. An all cash deal.
Welcome to Wednesday’s Morning Coffee Break – Yesterday’s rally of triple digits on the Dow Jones Industrial and over 14 points in the S&P 500 has put U.S. markets back in the green for the month of October, just 8 session before Friday’s 25th anniversary of the 1987 stock crash.
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As we mentioned in the Morning Coffee Break Starbucks (SBUX, quote) will start selling its new Verismo single serve brew machine. The Verismo will be sold online this week for $199 and will available in stores starting next month.
Welcome to today’s Morning Coffee Break – U.S. futures are under pressure today as traders become fearful once again of global growth outlook after China reported its 11th consecutive disappointing Purchasing Managers Survey (PMI) of 46.3 for the month of August.
Starbuck (SBUX, quote) earned 40 cents per share on revenues of $3.2 Billion.