We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Starbucks (SBUX) Opens Store in Bali, Expands Global Presence
Read MoreHide Full Article
Starbucks Corporation (SBUX - Free Report) announced the opening of One-of-a-Kind Coffee Sanctuary in Bali, Indonesia. This move is In line with the company’s strategy to bolster global presence. Notably, Starbucks Dewata Coffee Sanctuary is the largest store in Southeast Asia.
The 20,000 square feet store marks the 10th Starbucks Reserve Bar store in Indonesia. The company is optimistic about attracting customers to the store as Bali is one of Asia’s top travel destinations. The company is also working closely with farmers in Indonesia to promote Indonesian coffee to the world. Starbucks is a major buyer of Indonesian Arabica coffee.
Strategic Expansion to Drive Growth
In the past two years, management has successfully turned around its EMEA business by improving customer experience through innovative new store designs, ramping up product offerings and growing margins through process and supply chain efficiencies.
Moreover, Starbucks brand is gaining popularity with consumers across Asia as the company is increasingly investing in the Asian markets. The relatively low per-capita consumption as well as a burgeoning middle class with rising income levels increase the demand for convenience food and beverages, and promise significant growth potential. Management believes that China and the Asia-Pacific region will drive meaningful business growth over the next five years supported by rapid unit growth, improving brand awareness, and increased usage of the digital/mobile/loyalty platforms.
Stock Performance
In the past three months, this Zacks Rank #3 (Hold) company’s shares have gained 12.9%, outperforming the industry’s growth of 7.8%. Robust Americas and U.S. comparable store sales bode well for the company. Further, the company’s operating fundamentals such as solid global footprint, successful innovations, best-in-class loyalty program and digital offerings are encouraging. Moreover, digital initiatives like mobile order/pay, delivery services and third-party loyalty partnerships can stimulate robust sales trends in the Americas. Additionally, Starbucks has teamed up with Nestle SA to revitalize their respective coffee domains.
Key Picks
Better-ranked stocks worth considering in the same space include The Habit Restaurants, Inc. , Bojangles', Inc. and Carrols Restaurant Group, Inc. . While Habit Restaurants sport a Zacks Rank #1 (Strong Buy), Bojangles' and Carrols Restaurant Group carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Habit Restaurants, Bojangles' and Carrols Restaurant Group has an impressive long-term earnings growth rate of 20%, 12.5% and 20%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Starbucks (SBUX) Opens Store in Bali, Expands Global Presence
Starbucks Corporation (SBUX - Free Report) announced the opening of One-of-a-Kind Coffee Sanctuary in Bali, Indonesia. This move is In line with the company’s strategy to bolster global presence. Notably, Starbucks Dewata Coffee Sanctuary is the largest store in Southeast Asia.
The 20,000 square feet store marks the 10th Starbucks Reserve Bar store in Indonesia. The company is optimistic about attracting customers to the store as Bali is one of Asia’s top travel destinations. The company is also working closely with farmers in Indonesia to promote Indonesian coffee to the world. Starbucks is a major buyer of Indonesian Arabica coffee.
Strategic Expansion to Drive Growth
In the past two years, management has successfully turned around its EMEA business by improving customer experience through innovative new store designs, ramping up product offerings and growing margins through process and supply chain efficiencies.
Moreover, Starbucks brand is gaining popularity with consumers across Asia as the company is increasingly investing in the Asian markets. The relatively low per-capita consumption as well as a burgeoning middle class with rising income levels increase the demand for convenience food and beverages, and promise significant growth potential. Management believes that China and the Asia-Pacific region will drive meaningful business growth over the next five years supported by rapid unit growth, improving brand awareness, and increased usage of the digital/mobile/loyalty platforms.
Stock Performance
In the past three months, this Zacks Rank #3 (Hold) company’s shares have gained 12.9%, outperforming the industry’s growth of 7.8%. Robust Americas and U.S. comparable store sales bode well for the company. Further, the company’s operating fundamentals such as solid global footprint, successful innovations, best-in-class loyalty program and digital offerings are encouraging. Moreover, digital initiatives like mobile order/pay, delivery services and third-party loyalty partnerships can stimulate robust sales trends in the Americas. Additionally, Starbucks has teamed up with Nestle SA to revitalize their respective coffee domains.
Key Picks
Better-ranked stocks worth considering in the same space include The Habit Restaurants, Inc. , Bojangles', Inc. and Carrols Restaurant Group, Inc. . While Habit Restaurants sport a Zacks Rank #1 (Strong Buy), Bojangles' and Carrols Restaurant Group carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Habit Restaurants, Bojangles' and Carrols Restaurant Group has an impressive long-term earnings growth rate of 20%, 12.5% and 20%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>