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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Starbucks Corporation    SBUX

STARBUCKS CORPORATION

(SBUX)
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Starbucks : adds plant-based items to Asian menus from Beyond Meat, others

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09/07/2020 | 10:21pm EDT

HONG KONG, Sept 8 (Reuters) - Starbucks Corp said on Tuesday it will add plant-based food and beverages to menus across Asia from September, including products from Impossible Foods, Oatly and Beyond Meat Inc, as it targets more environment-conscious diners.

The Seattle-based coffee chain said it was introducing products in markets such as Hong Kong, Singapore, New Zealand, Taiwan and Thailand that suit local tastes and preferences.

Producing plant-based food and beverages is less demanding on the environment compared with items relying on animal agriculture, which typically needs far more land and water.

Starbucks said its new food items will include the Spiced Impossible Puff and Maize Impossible Sandwich in Hong Kong, and Beyond Meat Bolognese Penne in Taiwan.

In Singapore, it will launch the Impossible Wrap comprising an Impossible Burger patty, avocado omelette, mushroom, caramelised onion and cheese.

Drinks will include the Oatmilk Cocoa Macchiato from Oatly in Malaysia, the Philippines and elsewhere.

Starbucks began offering plant-based meals in Canada in February, and in April said it would do likewise in China. The initiative comes as Impossible Foods, Oatly and Beyond Meat look to expand into Asia. (Reporting by Farah Master; Editing by Christopher Cushing)


Stocks mentioned in the article
ChangeLast1st jan.
BEYOND MEAT, INC. -0.26% 171.73 Delayed Quote.127.16%
STARBUCKS CORPORATION 1.61% 90.8 Delayed Quote.3.28%
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Financials (USD)
Sales 2020 23 368 M - -
Net income 2020 834 M - -
Net Debt 2020 12 307 M - -
P/E ratio 2020 127x
Yield 2020 1,82%
Capitalization 106 B 106 B -
EV / Sales 2020 5,07x
EV / Sales 2021 4,19x
Nbr of Employees 346 000
Free-Float 99,8%
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Technical analysis trends STARBUCKS CORPORATION
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 89,37 $
Last Close Price 90,80 $
Spread / Highest target 11,2%
Spread / Average Target -1,58%
Spread / Lowest Target -17,4%
EPS Revisions
Managers
NameTitle
Kevin R. 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
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