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OFFON

STARBUCKS CORPORATION

(SBUX)
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Starbucks, Nestle Bringing Ready-to-Drink Coffee Beverages to New Markets

07/26/2021 | 03:10pm EDT

By Stephen Nakrosis

Starbucks Corp. and Nestle SA on Monday said they would work together to bring Starbucks ready-to-drink coffee beverages to markets in Southeast Asia, Oceania and Latin America.

The companies said their initial focus will be on their most popular ready-to-drink products, which will be "rolled out across a variety of channels," including online.

The companies said this new collaboration builds on their three-year partnership "through the global coffee alliance, which expanded the reach of Starbucks-branded coffee and tea products across 79 markets outside Starbucks retail stores."

The companies will work to bring the products to consumers starting next year, they said.

-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

07-26-21 1710ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.12% 114.38 Delayed Quote.9.71%
STARBUCKS CORPORATION -1.10% 113.41 Delayed Quote.6.01%
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Analyst Recommendations on STARBUCKS CORPORATION
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Financials (USD)
Sales 2021 29 184 M - -
Net income 2021 3 708 M - -
Net Debt 2021 9 045 M - -
P/E ratio 2021 36,5x
Yield 2021 1,61%
Capitalization 134 B 134 B -
EV / Sales 2021 4,89x
EV / Sales 2022 4,47x
Nbr of Employees 349 000
Free-Float 99,8%
Chart STARBUCKS CORPORATION
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Starbucks Corporation Technical Analysis Chart | SBUX | US8552441094 | MarketScreener
Technical analysis trends STARBUCKS CORPORATION
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 34
Last Close Price 113,41 $
Average target price 130,98 $
Spread / Average Target 15,5%
EPS Revisions
Managers and Directors
Kevin R. Johnson President, Chief Executive Officer & Director
Rachel Marie Ruggeri Chief Financial Officer & Executive Vice President
Mellody Louise Hobson Chairman
Gerri Martin-Flickinger Chief Technology Officer & Executive VP
Jeff Wile Chief Information Officer
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