Starbucks Corporation (SBUX)
Starbucks Failure Continues
Starbucks Corp. (NASDAQ: SBUX) cannot reverse the slide in its comparable store sales.
Starbucks earnings: will SBUX end Niccol's turnaround streak?
Starbucks Corp (NASDAQ: SBUX) earnings release last night hardly had anything particularly fancy in there. Revenue was down 0.3% on a much larger 23% hit to adjusted per-share earnings in Q1.
There are 'signs of progress' in Starbucks CEO Brian Niccol's turnaround plan: Citi's Jon Tower
Jon Tower, Citi restaurant analyst, joins 'Squawk Box' to discuss Starbucks' quarterly earnings results, the challenges facing CEO Brian Niccol, state of the company's business in China, and more.
Analysts lift Starbucks' stock price targets as Wall Street buys into turnaround
A Stifel analyst praises effort to reintroduce Starbucks brand to a wider audience.
American Rare Earths grows Halleck Creek resource to 2.63 billion tonnes with “truly remarkable” upside potential
American Rare Earths Ltd has lifted the mineral resource estimate (MRE) at its Halleck Creek Rare Earth Project in Wyoming, USA, by 12.2% to 2.63 billion tonnes at 3,926 ppm total rare earth oxides (TREO), highlighting the transformational scalability of the project, which remains open at depth and along strike. The major resource update further establishes Halleck Creek as one of the largest rare earth deposits in North America and underscores ARR’s progress in unlocking its potential as a strategic US asset. “This resource update demonstrates the continued growth, scale and strategic importance of Halleck Creek as a cornerstone project for the US rare earth supply chain,” American Rare Earths CEO Chris Gibbs said. “With the deposit still open at depth, and along strike, the upside potential is truly remarkable. “With the Halleck Creek mineral resource estimate covering approximately 16% of the greater Halleck Creek project surface area, we believe opportunities exist to expand mineral resource estimates with additional exploration.” Halleck Creek’s favourable geology and near-surface mineralisation support the potential for a low-cost open-pit mining operation, while ongoing metallurgical test work continues to demonstrate the potential for efficient processing of rare earths. The project’s location on Wyoming State land provides a streamlined permitting process, accelerating ARR’s ability to unlock the project’s full value. The Red Mountain Area within Halleck Creek saw a 29.7% growth in resources to 1.24 billion tonnes, with an 8.3% uplift in grade to 3,252 ppm TREO. Cowboy State Mine (CSM) remains central to ARR’s development strategy and will represent the first phase of project development within Red Mountain. The CSM resource continues to deliver robust growth of 29.4% to 543 million tonnes and a 2.7% increase in TREO grade to 3,438 ppm. Importantly, these results reinforce ARR’s ability to support the US Government’s efforts to secure domestic critical mineral independence, reducing reliance on imports and supporting economic growth and national security objectives. ARR is integrating the updated resource and high-grade data into the scoping study, originally released in March 2024. The updated study is nearing completion and will be released next month. The updated resource model and mine plans are expected to have a positive impact on Halleck Creek’s project economics, further enhancing its strategic importance. The updated resource estimates will also be incorporated into an ongoing pre-feasibility study (PFS), which remains on track for completion later this year. The PFS will provide a more detailed evaluation of Halleck Creek’s technical and economic potential, supporting ARR’s phased approach to development and commercial production. Gibbs said, “The expanded resources will strengthen the project's economics as we finalise the updated scoping study, which is set for release shortly, and continue integrating this data into the pre-feasibility study, scheduled for completion later this year. “Halleck Creek is positioned to become one of the most significant rare earth assets in North America, supporting US critical mineral independence and economic growth.” In parallel, ongoing metallurgical test work continues to deliver promising results, highlighting the potential for cost-efficient processing at Halleck Creek. As outlined in the 2024 scoping study, around 90% of the gangue (waste) material can be removed during gravity and magnetic separation, significantly increasing REE grades through physical separation methods prior to leaching — significantly reducing operational costs. Optimising these processing techniques is ongoing and ARR will announce further results as the next round of metallurgical testing is completed later this quarter. Starbucks Corp (NASDAQ:SBUX, ETR:SRB) stock moved higher afterhours as the coffee giant reported better-than-expected results for the fiscal first quarter, the first full quarter under the leadership of new CEO Brian Niccol. For the period which ended December 29, 2024, Starbucks reported earnings per share of $0.69, above estimates of $0.66. This represented a 23% decline from the year-ago quarter. Revenue was $9.4 billion, flat year-over-year but ahead of the consensus of $9.32 billion. Global comparable store sales fell 4%, driven by a 6% decline in transactions partially offset by a 3% increase in average ticket. North America and US same-store sales also fell 4% year-over-year, with foot traffic down 8% as average ticket rose 4%. The company opened 377 stores during Q1, exiting the period with 40,576 stores. “While we’re only one quarter into our turnaround, we’re moving quickly to act on the 'Back to Starbucks' efforts and we’ve seen a positive response,” CEO Niccol said in a statement. “We believe this is the fundamental change in strategy needed to solve our underlying issues, restore confidence in our brand and return the business to sustainable, long-term growth.” Starbucks shares added 2.5% post-earnings, having gained 33.5% in the last six months since Niccol took the helm.
Terra Metals secures option to expand Dante Project in Western Australia
Terra Metals Ltd has secured an option to acquire a tenement package spanning 618 square kilometres adjacent to its flagship Dante copper-gold-platinum group metal (PGM)-titanium-vanadium project in Western Australia’s West Musgrave region. This proposed acquisition, structured as an all-scrip and low-cost transaction, will almost double the company’s tenement presence in the region – strengthening Terra’s position in the West Musgrave while consolidating assets for future exploration and appraisal drilling. The newly optioned tenements encompass extensions of the Jameson Layered Intrusion, which hosts the high-grade Dante Reefs polymetallic discovery on Terra’s existing tenements. This geology is analogous to South Africa’s Bushveld Complex, renowned for its rich polymetallic deposits. The acquisition offers operational synergies, including streamlined logistics and manpower efficiencies. Both the existing and newly optioned tenement packages also benefit from signed Native Title agreements with the same Traditional Owners, providing a strong foundation for future exploration activities. While continuing to focus on the economic assessment of the Dante Reefs discovery and testing priority targets at the Dante Project, Terra will also evaluate the new tenements for prospective drill targets. This expansion reinforces Terra Metals’ strategy to enhance its exploration footprint and capitalise on the region’s significant mineralisation potential. Managing director and CEO Thomas Line said: “This is an opportunistic transaction to build upon our existing tenement holding in the West Musgrave region, which has the potential to become a globally significant critical minerals hub for Australia. “The 12-month option is on favourable terms, and we will continue to prioritise assessment of the large polymetallic Dante Reefs copper-gold-platinum group metal-titanium-vanadium discoveries, as well as testing of new priority drill targets at the Dante Project.” Line outlined the big milestones of the company’s first year in the region, which include: Starbucks Corp (NASDAQ:SBUX, ETR:SRB) stock moved higher afterhours as the coffee giant reported better-than-expected results for the fiscal first quarter, the first full quarter under the leadership of new CEO Brian Niccol. For the period which ended December 29, 2024, Starbucks reported earnings per share of $0.69, above estimates of $0.66. This represented a 23% decline from the year-ago quarter. Revenue was $9.4 billion, flat year-over-year but ahead of the consensus of $9.32 billion. Global comparable store sales fell 4%, driven by a 6% decline in transactions partially offset by a 3% increase in average ticket. North America and US same-store sales also fell 4% year-over-year, with foot traffic down 8% as average ticket rose 4%. The company opened 377 stores during Q1, exiting the period with 40,576 stores. “While we’re only one quarter into our turnaround, we’re moving quickly to act on the 'Back to Starbucks' efforts and we’ve seen a positive response,” CEO Niccol said in a statement. “We believe this is the fundamental change in strategy needed to solve our underlying issues, restore confidence in our brand and return the business to sustainable, long-term growth.” Starbucks shares added 2.5% post-earnings, having gained 33.5% in the last six months since Niccol took the helm.
Starbucks CEO Focuses on Brand; Cites ‘Near-Term' Challenges
Amid a challenging quarter marked by declining sales and reduced customer traffic, Starbucks CEO Brian Niccol remains confident about the company's strategic direction. Since assuming leadership four months ago, Niccol has emphasized enhancing customer experiences, operational improvements, and strategic investments as key components of Starbucks' turnaround efforts.
Starbucks Q1: Wholesale Business Changes Are Incoming, And They May Not Work
Shares of Starbucks have rallied ~40% from 2024 lows on optimism for new CEO Brian Niccol's transformation plan. The company's Q1 results showed a -4% y/y decline in comparable sales in the U.S., with traffic down in the high single digits - a huge risk to Starbucks' brand. The company is vastly reducing discounted offers and promotions like Double Star Days, while aiming to improve wait times to four minutes or less. This may hurt comp sales further.
Starbucks to cut a third of its menu offerings this year as the coffee giant streamlines service
Starbucks CEO Brian Niccol said the coffee giant will cut 30% of its menu offerings this year. In an earnings call, Niccol told investors the cuts are part of Starbucks' plan to streamline service.
Starbucks Corporation (SBUX) Q1 2025 Earnings Call Transcript
Starbucks Corporation (NASDAQ:SBUX ) Q1 2025 Earnings Conference Call January 28, 2025 5:00 PM ET Company Participants Tiffany Willis - Senior Vice President, Investor Relations Brian Niccol - Chairman & Chief Executive Officer Rachel Ruggeri - Executive Vice President & Chief Financial Officer Conference Call Participants David Tarantino - Baird Andrew Charles - TD Cowen Danilo Gargiulo - Bernstein David Palmer - Evercore ISI Brian Harbour - Morgan Stanley Chris O'Cull - Stifel Jeffrey Bernstein - Barclays John Ivankoe - JPMorgan Katherine Griffin - Bank of America Peter Saleh - BTIG Christine Cho - Goldman Sachs Lauren Silberman - Deutsche Bank Sharon Zackfia - William Blair Zach Fadem - Wells Fargo Jon Tower - Citi Operator Good afternoon. My name is Diego, and I will be your conference operator today.
Starbucks to add ‘panic buttons' in stores to boot loiterers, lingering customers
Starbucks will be installing “panic buttons” at a number of locations to help staff non-confrontationally kick out customers who overstay their welcome or others who are simply loitering, according to a report.
Starbucks: EPS Beats Despite Sales Dip
Starbucks (SBUX 0.39%), the global coffeehouse chain, released its first-quarter earnings for the fiscal year 2025 on January 28, 2025.
