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 Tests Curbside Delivery Service in Washington
Read MoreHide Full Article
Starbucks Corporation (SBUX - Free Report) has introduced a curbside pickup facility which will save its customers the trouble of getting out of their vehicles or even waiting in long queues to collect their orders. Notably, the service has only been tested in Snoqualmie, WA.
This initiative is an extension of the brand’s mobile app ordering system. To date, customers have been placing orders and making payments through the app. The orders were then picked up from the cafeteria, which helped customers save time. However, the curbside delivery service is going to ease the process further as the order will be delivered to the customer vehicle by an attendant.
However, this service may result in traffic congestion, especially in stores with a drive-thru facility. Starbucks stores are packed most of the times, especially during peak hours.
Starbucks expects its digital initiatives to fuel stronger sales in the Americas in the next quarter. We note that third-quarter fiscal 2016 sales increased 7% year over year as higher sales in China and the Channel Development segment counterbalanced a slowdown in the U.S. and Europe.
Same-store sales (comps) grew 4%, less than 6% recorded in the previous quarter, due to soft global traffic trends. Global traffic was flat in the quarter, comparing unfavorably with the 2% increase in the previous quarter. Average ticket growth remained unchanged at 4% in the quarter.
Meanwhile, it is to be seen whether this new facility will drive demand for the world’s largest coffee-shop chain.
Starbucks currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Better-ranked stocks in the sector include Restaurant Brands International Inc. (QSR - Free Report) , Brinker International, Inc. (EAT - Free Report) and Buffalo Wild Wings Inc. .
Buffalo Wild Wings is expected to witness 48% increase in earnings and carries a Zacks Rank #2 (Buy). Brinker International’s -- a Zacks Rank #2 stock -- fiscal 2017 earnings are expected to decline 2.6%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Starbucks Tests Curbside Delivery Service in Washington
Starbucks Corporation (SBUX - Free Report) has introduced a curbside pickup facility which will save its customers the trouble of getting out of their vehicles or even waiting in long queues to collect their orders. Notably, the service has only been tested in Snoqualmie, WA.
This initiative is an extension of the brand’s mobile app ordering system. To date, customers have been placing orders and making payments through the app. The orders were then picked up from the cafeteria, which helped customers save time. However, the curbside delivery service is going to ease the process further as the order will be delivered to the customer vehicle by an attendant.
However, this service may result in traffic congestion, especially in stores with a drive-thru facility. Starbucks stores are packed most of the times, especially during peak hours.
STARBUCKS CORP Price
STARBUCKS CORP Price | STARBUCKS CORP Quote
Q3 Recall
Starbucks expects its digital initiatives to fuel stronger sales in the Americas in the next quarter. We note that third-quarter fiscal 2016 sales increased 7% year over year as higher sales in China and the Channel Development segment counterbalanced a slowdown in the U.S. and Europe.
Same-store sales (comps) grew 4%, less than 6% recorded in the previous quarter, due to soft global traffic trends. Global traffic was flat in the quarter, comparing unfavorably with the 2% increase in the previous quarter. Average ticket growth remained unchanged at 4% in the quarter.
Meanwhile, it is to be seen whether this new facility will drive demand for the world’s largest coffee-shop chain.
Starbucks currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Better-ranked stocks in the sector include Restaurant Brands International Inc. (QSR - Free Report) , Brinker International, Inc. (EAT - Free Report) and Buffalo Wild Wings Inc. .
Brands International’s earnings are expected to increase 37.5%. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Buffalo Wild Wings is expected to witness 48% increase in earnings and carries a Zacks Rank #2 (Buy). Brinker International’s -- a Zacks Rank #2 stock -- fiscal 2017 earnings are expected to decline 2.6%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>