Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

STARBUCKS CORPORATION

(SBUX)
  Report
Delayed Nasdaq  -  04:00 2022-09-30 pm EDT
84.26 USD   -2.67%
10:22aRussia's replacement for Lego stores: World of Cubes
RE
09/29Global markets live: Berkshire Hathaway, Tesla, Twitter, Amazon, Starbucks...
MS
09/29Central banks are here to save the day
MS
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Blinken visits Rwanda in testing moment for old U.S. ally Kagame

08/11/2022 | 04:05am EDT
U.S. Secretary of State Antony Blinken visits Rwanda

KIGALI (Reuters) - U.S. Secretary of State Antony Blinken is on a visit to Kigali less than a week after it emerged United Nations experts had found "solid evidence" Rwanda has been interfering militarily in eastern Democratic Republic of Congo.

Regional analysts expect Blinken, who arrived on Wednesday evening, to privately exert pressure to stop Rwanda's alleged support for the M23 rebel group without immediately implementing sanctions or blocking military aid, as the United States did in similar circumstances in 2013.

A confidential report sent to the United Nations Security Council last week said Rwandan troops have been fighting alongside the M23 rebels in Congo, and that Kigali has been providing the group with weapons and support since November.

Rwanda's government has said the U.N. findings, based on evidence including witness testimony and drone images, were false, and that the M23 was Congo's responsibility.

The United States is a longstanding ally of Rwanda's President Paul Kagame, but Blinken told reporters on Tuesday in Kinshasa he was very concerned about "credible reports" Rwanda has provided support to M23.

Last year the U.S. administration gave Rwanda $147 million in bilateral assistance, and $500,000 for peace and security.

"Rwanda's most important export is its reputation; that's what attracts Starbucks, that's what attracts Bill Gates and that reputation is being battered at the moment," said Jason Stearns, director of New York University's Congo Research Group.

Blinken's visit "will lead to a re-evaluation of what's happening on the ground," Stearns told Reuters by telephone.

A statement from Rwanda's foreign affairs ministry on Blinken's visit said the country was committed to addressing security challenges in the Great Lakes Region.

Rwanda has earned recognition for its stability, ease of doing business and developmental gains since the 1994 genocide, but Kagame has also drawn criticism for cracking down on opponents at home and abroad.

The U.S. top diplomat has said he would raise the fate of Paul Rusesabagina, a U.S. resident who was sentenced by Kigali court to 25 years in prison on terrorism charges.

Rusesabagina refused to take part in what he called a "sham" trial, saying he had been kidnapped and brought to Kigali against his will.

Rwanda's foreign affairs ministry said Rusesabagina's arrest and conviction were lawful under Rwandan and international law.

(Writing by Hereward Holland; Editing by James Macharia Chege and Deepa Babington)

By Clement Uwiringiyimana


© Reuters 2022
All news about STARBUCKS CORPORATION
10:22aRussia's replacement for Lego stores: World of Cube..
RE
09/29Global markets live: Berkshire Hathaway, Tesla, Twitter, Amazon, Sta..
MS
09/29Central banks are here to save the day
MS
09/29Exclusive-VTB urges Putin to curb Western grain traders' Russian ops - letter
RE
09/29Nestle CEO: I'm not a 'mega deal' maker
RE
09/28Starbucks Raises Quarterly Dividend to 53 Cents a Share
DJ
09/28Starbucks Raises Quarterly Dividend to $0.53 a Share From $0.49, Payable Nov. 25 to Sha..
MT
09/28Starbucks Announces Increase in Quarterly Cash Dividend
BU
09/28Starbucks Corporation Increases Quarterly Cash Dividend, Payable on November 25, 2022
CI
09/27Sector Update: Consumer Stocks Rally Premarket Tuesday
MT
More news
Analyst Recommendations on STARBUCKS CORPORATION
More recommendations
Financials (USD)
Sales 2022 32 152 M - -
Net income 2022 3 213 M - -
Net Debt 2022 11 584 M - -
P/E ratio 2022 30,5x
Yield 2022 2,34%
Capitalization 96 680 M 96 680 M -
EV / Sales 2022 3,37x
EV / Sales 2023 3,01x
Nbr of Employees 383 000
Free-Float 99,8%
Chart STARBUCKS CORPORATION
Duration : Period :
Starbucks Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STARBUCKS CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Last Close Price 84,26 $
Average target price 97,86 $
Spread / Average Target 16,1%
EPS Revisions
Managers and Directors
Howard D. Schultz President, Chief Executive Officer & Director
Rachel Marie Ruggeri Chief Financial Officer & Executive Vice President
Mellody Louise Hobson Chairman
Jeff Wile Chief Information Officer
Deborah Hall Lefevre Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
STARBUCKS CORPORATION-25.99%99 330
COMPASS GROUP PLC9.57%35 112
DARDEN RESTAURANTS, INC.-15.22%15 852
SODEXO-0.60%10 939
JUBILANT FOODWORKS LIMITED-15.96%4 871
JOLLIBEE FOODS CORPORATION5.82%4 444