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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Starbucks Corporation    SBUX

STARBUCKS CORPORATION

(SBUX)
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Starbucks Executing $5 Billion Accelerated Share-Repurchase Program

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10/12/2018 | 08:50am EST

By Chris Wack

Starbucks is executing a $5 billion accelerated share repurchase-program in relation to its previously announced plan to return $25 billion to shareholders in the form of share buybacks and dividends through fiscal 2020.

The Seattle-based coffee chain is using proceeds from its recently completed transaction with Nestle S.A. (NESN.EB) to execute the program, which was effective Oct. 1.

Starbucks said the accelerated buyback is expected to be completed as early as February 2019 and no later than March 2019.

In August, Starbucks and Nestle completed a deal granting Nestle global perpetual rights to market Starbucks consumer and food-service products. The agreement covers Starbucks packaged coffee and tea brands, but excludes ready-to-drink products and all sales of products within Starbucks' coffee shops. Nestle in May agreed to pay Starbucks $7.15 billion in cash up front plus royalties as part the license for the business, which has annual sales of $2 billion.

Shares of Starbucks rose 2.5% to $56.25 premarket.

Write to Chris Wack at chris.wack@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
LONDON COFFEE -1.07% 1765 End-of-day quote.0.00%
NESTLÉ -0.87% 90.94 Delayed Quote.13.43%
STARBUCKS CORPORATION 0.85% 71.3 Delayed Quote.10.71%
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Financials ($)
Sales 2019 26 292 M
EBIT 2019 4 349 M
Net income 2019 3 184 M
Debt 2019 7 133 M
Yield 2019 2,13%
P/E ratio 2019 28,22
P/E ratio 2020 23,91
EV / Sales 2019 3,64x
EV / Sales 2020 3,51x
Capitalization 88 669 M
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Technical analysis trends STARBUCKS CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 69,0 $
Spread / Average Target -3,2%
EPS Revisions
Managers
NameTitle
Kevin Johnson President, Chief Executive Officer & Director
Myron E. Ullman Chairman
Rosalind Gates Brewer COO, Director & Group President-Americas
Leo Tsoi Chief Operating Officer
Patrick J. Grismer Chief Financial Officer & Executive Vice President
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