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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 | 02:50pm CEST

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.2.26%
NESTLÉ -1.22% 79.06 Delayed Quote.-5.85%
STARBUCKS CORPORATION 2.23% 59.1 Delayed Quote.-1.18%
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Financials ($)
Sales 2018 24 703 M
EBIT 2018 4 362 M
Net income 2018 4 339 M
Debt 2018 4 170 M
Yield 2018 2,18%
P/E ratio 2018 17,71
P/E ratio 2019 22,06
EV / Sales 2018 3,25x
EV / Sales 2019 3,22x
Capitalization 76 157 M
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Technical analysis trends STARBUCKS CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 58,3 $
Spread / Average Target 0,76%
EPS Revisions
Managers
NameTitle
Kevin Johnson President, Chief Executive Officer & Director
Rosalind Gates Brewer Group President, COO & Director
Myron E. Ullman Chairman
Scott Maw Chief Financial & Accounting Officer, Executive VP
Gerri Martin-Flickinger Chief Technology Officer & Executive VP
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