Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Starbucks Corporation    SBUX

Delayed Quote. Delayed  - 08/31 10:00:00 pm
56.23 USD   -0.30%
12:14a U.S. accuses EU of grabbing tax revenues with Apple decision
08/31 STARBUCKS : 100,000 Opportunities Initiative Exceeds Goal and Hires ..
08/31 EU crackdown on multinational tax deals
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Starbucks Takes Evolution Fresh to Whole Foods

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/27/2013 | 02:45pm CEST

Starbucks Corp. (>> Seabright Holdings Inc) said Tuesday that it's delving deeper in to the U.S. health food industry by taking its Evolution Fresh juice nationwide and stocking a new line of snack bars called Evolution Harvest through a partnership with retailer Whole Foods Market Inc. (>> Whole Foods Market, Inc.).

By the end of the year, Starbucks said it expects Evolution Fresh to be in about 8,000 U.S. cafes and grocery stores.

Starbucks has been working to diversify its traditional coffee business via more packaged products and food. It acquired Evolution Fresh, a fruit juice and smoothie specialist, in November 2011 for $30 million, and has launched other new ventures like a line of energy drinks and its own single-serve coffee and espresso brewer for home use.

Whole Foods will begin stocking 12 Evolution Fresh juices and three Evolution Harvest snack bars from today. The new line of snacks will eventually expand to include trail mixes, freeze-dried fruit and fruit snacks, opening up an opportunity for growth in a popular segment. Starbucks will start selling the Evolution Harvest snacks in its cafes this fall.

Starbucks has been selling PepsiCo.'s Naked Juice and KIND LLC's Kind snack bars in its cafes. Replacing those with its own brands of juices and snacks, a move the company believes will likely be more profitable and boost awareness of the "Evolution" name,

At Whole Foods, Evolution Fresh will compete with Bolthouse Farms juices, owned by Campbell Soup Co. Because Bolthouse Farms' juices are heat pasteurized, they have a longer shelf life, allowing them to be cheaper than fresh-pressed juices though with a loss of some nutritional value. Starbucks says Evolution Fresh juices are cold-pressed using high pressure processing to give them a longer shelf life than regular fresh-pressed juices, but still preserve the nutrients that are lost in traditional pasteurization.

Write to Annie Gasparro at Annie.Gasparro@wsj.com

Stocks mentioned in the article : Seabright Holdings Inc, Whole Foods Market, Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STARBUCKS CORPORATION
12:14a U.S. accuses EU of grabbing tax revenues with Apple decision
08/31 STARBUCKS : 100,000 Opportunities Initiative Exceeds Goal and Hires 100,000 Oppo..
08/31 EU crackdown on multinational tax deals
08/30 U.S. slams EU, but Apple tax demand first issued in Washington
08/30 EU tax avoidance action could hurt foreign investment - U.S. Treasury
08/29 STARBUCKS : Opens its First Store in Trinidad and Tobago
08/29 STARBUCKS : Downtown businesses cater to the pumpkin spice craze
08/26 STARBUCKS : Finds a Place for Elite Veteran’s Skills
08/25 STARBUCKS : Why the EU's tax probe of multinationals is raising US ire
08/25 STARBUCKS : Federal judge puts Starbucks lawsuit on ice in California
More news
Sector news : Restaurants & Bars - NEC
12:14a U.S. accuses EU of grabbing tax revenues with Apple decision
12:06a MCDONALD : names new U.S. president
08/31DJMCDONALD : U.S. Chief Mike Andres to Retire
08/31DJMCDONALD : U.S. Chief Mike Andres to Retire -- Update
08/31DJMCDONALD : U.S. Chief to Retire
More sector news : Restaurants & Bars - NEC
News from SeekingAlpha
08/31 Like Buffett, This Dividend Growth Investor Digs An Economic Moat
08/31 APPLE : The European Union's Pointless Tax Crusade
08/31 Starbucks and McDonald's look to avoid EU power play
08/30 Starbucks - A Gem In Plain Sight
08/30 Apple Owes Ireland Billions - Good
Advertisement
Financials ($)
Sales 2016 21 313 M
EBIT 2016 4 191 M
Net income 2016 2 818 M
Debt 2016 1 069 M
Yield 2016 1,44%
P/E ratio 2016 29,80
P/E ratio 2017 26,01
EV / Sales 2016 3,93x
EV / Sales 2017 3,63x
Capitalization 82 716 M
More Financials
Chart STARBUCKS CORPORATION
Duration : Period :
Starbucks Corporation Technical Analysis Chart | SBUX | US8552441094 | 4-Traders
Full-screen chart
Technical analysis trends STARBUCKS CORPORA...
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 66,4 $
Spread / Average Target 18%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Howard S. Schultz Chairman & Chief Executive Officer
Kevin R. Johnson President, Chief Operating Officer & Director
Scott Harlan Maw CFO, EVP & Principal Accounting Officer
Gerri Martin-Flickinger Chief Technology Officer & Executive VP
Craig E. Weatherup Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STARBUCKS CORPORATION-6.05%82 716
COMPASS GROUP PLC24.17%31 236
SODEXO16.04%17 953
RESTAURANT BRANDS INTE..21.11%11 054
WHITBREAD PLC-4.64%9 971
DARDEN RESTAURANTS, IN..-4.34%7 557
More Results