The 2018 financial performance of Starbucks was influenced by the declining Chinese sales, controversy stemming from arrests that took place in Philadelphia branch and subsequent measures taken by the company to prevent the reoccurrence of such an event.
First quarter
editThe company is estimated to save approximately $400 million a year after the passing of the Tax Cuts and Jobs Act of 2017.[1] The company announced before its first quarter earnings call in 2018 that it would pay a total of $250 million to employees in the form of bonuses, raises, and small stock grants.
Starbucks revised down growth expectations in 2017. The consensus earnings estimates for the first quarter of 2018 was $.57.[2]
First Quarter
edit- https://www.bloomberg.com/gadfly/articles/2018-01-25/starbucks-earnings-out-of-step
- https://www.barrons.com/articles/starbucks-earnings-mobile-efforts-key-to-successful-report-1516903165
- https://www.wsj.com/articles/starbucks-1q-earnings-what-to-watch-1516807437
- https://www.forbes.com/sites/ronaldholden/2018/01/24/starbucks-is-spending-its-tax-cut-on-its-employees/#394f22ae697b
- http://fortune.com/2018/01/26/bitcoin-starbucks/
- https://www.barrons.com/articles/starbucks-still-has-a-lot-of-work-to-do-in-the-u-s-1516985458?mod=article_inline
Second Quarter
edit- https://www.forbes.com/sites/greatspeculations/2018/04/25/will-china-again-drive-growth-for-starbucks-in-the-second-quarter/#c1fd8db4e1ec
- https://qz.com/1264240/starbucks-earnings-the-company-may-profit-from-the-philadelphia-arrest-scandal/
- https://www.geekwire.com/2018/starbucks-meets-expectations-6b-quarterly-revenue-shares-slightly/
- https://www.washingtonpost.com/business/starbucks-ceo-says-racial-controversy-hasnt-affected-sales/2018/04/26/734f4bfe-49ab-11e8-8082-105a446d19b8_story.html?utm_term=.ba93f22d4825
- https://www.businessinsider.com/starbucks-ceo-protests-after-arrests-havent-impacted-sales-2018-4
- https://www.seattletimes.com/business/starbucks/starbucks-to-post-q2-earnings-amid-plans-to-close-for-racial-bias-training/
Third Quarter
edit- https://www.cnbc.com/2018/07/26/starbucks-earnings-3q-2018.html
- https://www.ft.com/content/ac40a192-9109-11e8-b639-7680cedcc421
- https://www.geekwire.com/2018/starbucks-adds-6-million-digitally-registered-customers-q2-new-tech-strategy/
- https://www.bloomberg.com/view/articles/2018-07-27/chipotle-cmg-win-contrasts-with-starbucks-sbux-washout
- https://www.forbes.com/sites/andyswan/2018/07/26/dunkin-beats-starbucks/#1dbc197541ef
- http://thehill.com/policy/finance/economy/399109-starbucks-says-anti-bias-training-hurt-sales
References
edit- ^ Holden, Ronald (24 January 2018). "Starbucks Is Spending Its Tax Cut On Its Employees". Forbes. Retrieved 6 August 2018.
- ^ Rivas, Teresa (19 January 2018). "Are Starbucks Earnings Worth Getting Excited For? In a Word, Maybe". Barron's. Retrieved 6 August 2018.