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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Starbucks Corporation    SBUX

STARBUCKS CORPORATION

(SBUX)
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Starbucks Corporation : Starbucks to Open Tazo Tea Store in Seattle

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06/20/2012 | 03:05pm EST
   By Annie Gasparro 
 

Starbucks Corp. (SBUX) plans to open its first Tazo Tea Store in Seattle this fall, after testing sales of loose-leaf tea in its nearby Roy Street Coffee & Tea store, a spokeswoman said Wednesday.

The debut of a standalone tea store comes just a few months after Starbucks opened its first noncoffee store--a fresh-juice shop, also in Seattle, through its recent acquisition of Evolution Fresh.

Starbucks says the stores give customers a chance to interact with the brands they will have seen sold as packaged goods in Starbucks cafes and grocery stores. The company has been expanding its packaged-goods line and branching out from its core coffee business a lot lately. It also recently entered the energy-drink sector and is acquiring a bakery.

Starbucks says Tazo, which it bought in 1999, is now a $1.4 billion brand. But there is still a significant opportunity for its growth, given that the tea is a $95 billion global market, the spokeswoman said.

The tea store will sell hot- and iced-tea drinks and tea lattes, and also have a blending station where customers can create their own teas. It will also offer brewing equipment, pastries, packaged chocolates and other related treats.

The news of the store was reported earlier by the Seattle Times.

Starbucks hasn't set prices or disclosed how many stores the company plans to build.

Write to Annie Gasparro at annie.gasparro@dowjones.com

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Financials (USD)
Sales 2020 28 117 M
EBIT 2020 4 854 M
Net income 2020 3 416 M
Debt 2020 9 729 M
Yield 2020 1,95%
P/E ratio 2020 29,1x
P/E ratio 2021 24,9x
EV / Sales2020 3,87x
EV / Sales2021 3,59x
Capitalization 99 201 M
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Technical analysis trends STARBUCKS CORPORATION
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 96,17  $
Last Close Price 84,52  $
Spread / Highest target 30,1%
Spread / Average Target 13,8%
Spread / Lowest Target -0,62%
EPS Revisions
Managers
NameTitle
Kevin Johnson President, Chief Executive Officer & Director
Myron E. Ullman Chairman
Rosalind Gates Brewer COO, Director & Group President-Americas
Patrick J. Grismer Chief Financial Officer
Gerri Martin-Flickinger Chief Technology Officer & Executive VP
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