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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Starbucks Corporation    SBUX

STARBUCKS CORPORATION (SBUX)
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Starbucks : Ready to be sold in supermarkets

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05/07/2018 | 03:20pm CEST

Nestlé will officially pay 7.15 billion dollars to be able to sell Starbucks outside its coffee shops. The Swiss company, already the owner of subsidiaries Nespresso and Nescafé, thus reinforces its strategic position in the coffee industry.

Yesterday, Nestlé announced the first strong signal in its quest for growth through an agreement with Starbucks. And not just any agreement: a perpetual license on the American company’s products, outside its network of coffee stores. The Swiss food and beverage giant now becomes the only distributor of Starbucks products outside the current network.

Nestlé has to pay 7.15 billion dollars for an activity representing approximately 2 billion dollars in annual sales. The acquirer will retrieve 500 employees but no fixed asset and expects a positive effect on earnings per share and organic growth by 2020. The finalization of the deal is expected later this year. The acquired activity will still be located in Seattle, Washington. 
 
Products soon distributed by Nestlé 


Nestlé, a global leader in the food and drink industry believes that this operation will enable them to expand in North America and strengthen its global momentum thanks to the Starbucks products. Both companies plan to work “closely together on innovation and marketing strategies”. “With Starbucks, Nescafé and Nespresso, we are bringing together three iconic brands from the coffee world,” Nestlé CEO Mark Schneider said. The ongoing buyback program is currently not questioned.
 
Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ 0.00% 81 Delayed Quote.-3.37%
STARBUCKS CORPORATION 0.30% 52.75 Delayed Quote.-8.15%

Floriane Rousseaux
© MarketScreener.com 2018
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Financials ($)
Sales 2018 24 764 M
EBIT 2018 4 375 M
Net income 2018 4 352 M
Debt 2018 5 951 M
Yield 2018 2,38%
P/E ratio 2018 16,11
P/E ratio 2019 19,92
EV / Sales 2018 3,11x
EV / Sales 2019 2,99x
Capitalization 70 949 M
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 58,0 $
Spread / Average Target 9,9%
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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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