Starbucks

Starbucks and Luckin are leaders with well-regarded brands in an oligopolistic industry where scale matters, and are well-positioned to benefit from the strong growth in demand for high quality experiential coffee. Key drivers and metrics to watch are new store openings and same store sales growth. Both companies aggressively opened stores through the COVID-19 pandemic. » Mehr auf seekingalpha.com

Starbucks Corporation (NASDAQ:SBUX ) Q1 2023 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Tiffany Willis - Vice President of Investor Relations Howard Schultz - Interim Chief Executive Officer Brady Brewer - Executive Vice President and Chief Marketing Officer Rachel Ruggeri - Executive Vice President and Chief Financial Officer Belinda Wong - Chairwoman and Chief Executive Officer, Starbucks China Frank Britt - Executive Vice President, Chief Reinvention Officer Michael Conway - Group President of International and Channel Development Sara Trilling - Executive Vice President and President, Starbucks North America Conference Call Participants Jeffrey Bernstein - Barclays Sara Senatore - Bank of America David Palmer - Evercore ISI John Ivankoe - JPMorgan Andrew Charles - Cowen Peter Saleh - BTIG Lauren Silberman - Credit Suisse Danilo Gargiulo - Bernstein Jon Tower - Citigroup Brian Harbour - Morgan Stanley Operator Good afternoon. My name is Diego, and I will be your conference operator today. » Mehr auf seekingalpha.com

Starbucks continues to grow its loyalty base, but upcoming unwelcome alterations could change that. The coffeehouse chain, the world's largest restaurant company by revenue, shared in its first-quarter 2023 financial results Thursday (Feb. 2) that its loyalty program's 90-day active membership base grew 15% year over year to 30.4 million. » Mehr auf pymnts.com