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  - 09/30 08:15:36 pm
54.16 USD   +1.33%
03:31p GLOBE TELECOM : 500 public areas now with FREE high speed WiFi; Glob..
03:03p STARBUCKS : Thoele Sarradet Was Inspired by the Androgyny of Cartoon..
12:18p STARBUCKS : Outlook 2016 Add-ins Coming to the Mac
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
03:31p GLOBE TELECOM : 500 public areas now with FREE high speed WiFi; Globe GoWiFi now..
03:03p STARBUCKS : Thoele Sarradet Was Inspired by the Androgyny of Cartoons to Break F..
12:18p STARBUCKS : Outlook 2016 Add-ins Coming to the Mac
07:09a Coca-Cola will bottle up Dunkin' iced-coffee drinks
05:33a STARBUCKS : Health-conscious, well-groomed Columbus attracts Atlanta investors
04:33a STARBUCKS : Suspect in Pismo Beach stabbing is 17, police say
04:03a FRESHPET : Doggie drive-thru brings bite with a bark to the Valley
03:02a WHOLE FOODS MARKET : What if Englewood became the new Hyde Park? A battered neig..
01:21a STARBUCKS : Good news for Bluffton shoppers with a pretzel addiction
09/29 STARBUCKS : WKU Topper Corner now open for business
More news
Sector news : Restaurants & Bars - NEC
09/29DJU.S. HOT STOCKS : Hot Stocks to Watch
09/29DJMCDONALD : Raises Quarterly Dividend 6%
09/29DJMCDONALD : Raises Quarterly Dividend 6%
09/26DJYUM BRANDS : Board Approves Spinoff Plan, Raises Dividend 11%
09/26DJYUM BRANDS : Board Approves Spinoff Plan, Raises Dividend 11%
More sector news : Restaurants & Bars - NEC
News from SeekingAlpha
09/29 What Does Starbucks' Future Return Look Like?
09/29 National Coffee Day arrives as prices march higher
09/28 Starbucks To Serve Up A Nice Dividend Hike
09/28 THE PINK PORTFOLIO : Adding Starbucks, For Coffee And Toffee
09/28 Starbucks expands urban economic development initiative
Advertisement
Financials ($)
Sales 2016 21 294 M
EBIT 2016 4 187 M
Net income 2016 2 817 M
Debt 2016 1 133 M
Yield 2016 1,52%
P/E ratio 2016 28,24
P/E ratio 2017 24,71
EV / Sales 2016 3,73x
EV / Sales 2017 3,45x
Capitalization 78 390 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
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 66,3 $
Spread / Average Target 24%
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-10.96%78 390
COMPASS GROUP PLC27.32%31 859
SODEXO17.32%18 237
RESTAURANT BRANDS INTE..14.08%10 422
WHITBREAD PLC-11.97%9 200
DARDEN RESTAURANTS, IN..-4.73%7 526
More Results