Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Starbucks Corporation    SBUX

STARBUCKS CORPORATION

(SBUX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Starbucks Pledges to Slash Water Use and Waste

share with twitter share with LinkedIn share with facebook
share via e-mail
01/21/2020 | 09:15am EST

By Heather Haddon

Starbucks Corp. wants to cut its water use and the amount of trash it sends to landfills over the next decade, the latest big company to set fresh targets for limiting its environmental impact.

The coffee giant said Tuesday that it aims to serve more coffee in reusable cups, curb food and packaging waste and set a more environmentally friendly menu including more plant-based options. Starbucks also plans to build stores that make more efficient use of energy and water, and improve environmental practices among its coffee growers and other suppliers.

Starbucks is one of many companies facing more pressure from consumers and investors to address sustainability and their environmental impact.

BlackRock Inc., the world's largest asset manager and one of Starbucks's largest shareholders, said earlier this month that it would ask companies to assess and better address their environmental risk. Investment funds with sustainability goals are growing, as is scrutiny of their efforts to meet those benchmarks.

"The journey we undertake is not only the right one for Starbucks's responsibility as a corporate citizen of the world but is also fundamental to our brand relevance," Chief Executive Kevin Johnson said in a letter to employees and customers. The company said it plans to include the letter in Starbucks's annual proxy to investors on Friday.

Starbucks was one of the biggest companies to say it would eliminate single-use plastic straws in 2018 amid an outcry against their use. Starbucks said it would get rid of them by 2020.

Starbucks is on track to eliminate plastic straws through paper ones or recyclable and strawless lids in more than 30,000 stores where it operates by the end of the year, said John Kelly, the company's executive vice president for public affairs and social impact.

Mr. Kelly said the positive response to Starbucks's pledge on straws encouraged the company to set more sustainability goals.

"The world is clearly looking for companies like Starbucks to do more," Mr. Kelly said in an interview.

Starbucks has long offered a 10-cents credit for customers who bring in their own cups. Now the company is testing other incentives to encourage more customers, which could include a larger reimbursement, Mr. Kelly said.

Starbucks earlier this month added new coffees with almond, coconut and oat dairy-alternatives as part of its plant-based menu targets. The company is considering adding plant-based meats to its menu, particularly in breakfast items, Mr. Kelly said.

"Everything is on the table," he said.

Write to Heather Haddon at heather.haddon@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. -1.75% 557 Delayed Quote.12.78%
HURON CONSULTING GROUP INC. -1.02% 66.71 Delayed Quote.-1.92%
INTERNATIONAL BUSINESS MACHINES CORPORATION -0.91% 149.84 Delayed Quote.12.82%
LONDON COFFEE -1.07% 1765 End-of-day quote.0.00%
STARBUCKS CORPORATION -1.40% 87.36 Delayed Quote.0.77%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on STARBUCKS CORPORATION
02/16Fast-food companies in China step up ?contactless? pickup, delivery as corona..
RE
02/16STARBUCKS : New Website, LivingAStarbucksLifestyle.com, Guides Millennials on Li..
AQ
02/13Nestle boss Schneider eyes more deals to bolster growth ambitions
RE
02/12Companies feel impact of coronavirus outbreak in China
RE
02/12STARBUCKS : California District Court Denies Certification Of Off-The-Clock Case
AQ
02/10Dollar's Surge Is Hurdle for Shares -- WSJ
DJ
02/09Dollar's Surprise Surge Challenges Stock Market Rally
DJ
02/07Consumer discretionary names could see bumpy ride
RE
02/07STARBUCKS : Self-service retail and the changing landscape on payments
AQ
02/07Yum China Warns of Possible Losses as Virus Closes Outlets -- WSJ
DJ
More news
Financials (USD)
Sales 2020 28 123 M
EBIT 2020 4 855 M
Net income 2020 3 416 M
Debt 2020 9 729 M
Yield 2020 1,86%
P/E ratio 2020 30,5x
P/E ratio 2021 26,1x
EV / Sales2020 4,04x
EV / Sales2021 3,74x
Capitalization 104 B
Chart STARBUCKS CORPORATION
Duration : Period :
Starbucks Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STARBUCKS CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 96,24  $
Last Close Price 88,60  $
Spread / Highest target 24,2%
Spread / Average Target 8,62%
Spread / Lowest Target -5,19%
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
Sector and Competitors
1st jan.Capitalization (M$)
STARBUCKS CORPORATION0.77%103 990
COMPASS GROUP PLC3.10%39 835
SODEXO-3.98%15 948
DARDEN RESTAURANTS, INC.10.71%14 664
MINOR INTERNATIONAL PUBLIC CO. LTD--.--%4 627
JOLLIBEE FOODS CORPORATION--.--%4 055