{"id":14062,"date":"2014-01-30T09:15:09","date_gmt":"2014-01-30T14:15:09","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=14062"},"modified":"2014-01-30T09:10:46","modified_gmt":"2014-01-30T14:10:46","slug":"starbucks-corporation-nasdaqsbux-makes-moves-with-management","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/starbucks-corporation-nasdaqsbux-makes-moves-with-management-14062","title":{"rendered":"Starbucks Corporation (NASDAQ:SBUX) Makes Moves With Management"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 01\/30\/2014 (wallstreetpr) &#8211; Starbucks Corporation (NASDAQ:SBUX)<b>, <\/b>the coffee-chain which is fast making large-sized foot prints in emerging markets such as India, has made some changes to its present management structure. The company has since announced that CEO Howard Shcultz will have more professional help with the induction of a new Chief Operating Officer. The first to hold this post is Troy Alstead, who held position as Chief Financial Officer. The new incumbent to the latter\u2019s post is Scot Maw. Troy Alstead will handle day to day operations allowing the beleaguered CEO more room\u00a0 to build long term strategy for Starbucks Corporation (NASDAQ:SBUX) growth.<\/p>\n<p style=\"text-align: justify;\">Howard Schultz will now have more time to spend on product innovation as well as building new structures and processes for retail marketing besides technology-driven payment services.<\/p>\n<p style=\"text-align: justify;\"><b>No Boots on streets <\/b><\/p>\n<p style=\"text-align: justify;\">Starbucks Corporation (NASDAQ:SBUX) Howard Schultz explained the recent trends in the industry. His reading of the lack of shoppers making their way to Starbucks or competitors outlets due to increased online shopping consumption definitely does not augur well for most brick and mortar operators across the industries.<\/p>\n<p style=\"text-align: justify;\"><b>Short guidance for FQ2 <\/b><\/p>\n<p style=\"text-align: justify;\">First quarter 2014 results saw impressive margins on comp sales, recording 5.0% raise across US outlets. The consensus estimate was 6.25% gain, well within the guidance. The EPS for the first quarter was $0.71, beating estimates by $0.02. Revenue earnings were $4.24 billion, falling short of the %50 million expected. However, the company did see the yen pull back the margins for its China and East Asian regions. On the expansion front, more outlets were begun, taking the total number of stores to 20,184 of which 417 were in the previous quarter.<\/p>\n<p style=\"text-align: justify;\">Starbucks Corporation (NASDAQ:SBUX) has reaffirmed its guidance for the fiscal. The company expects to meet EPS of $0.54 &#8211; $0.55 which is shorter than the guidance of $0.56 consensus estimate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 01\/30\/2014 (wallstreetpr) &#8211; Starbucks Corporation (NASDAQ:SBUX), the coffee-chain which is fast making large-sized foot prints in emerging markets such as India, has made [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":14063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[763,4427],"stock_ticker":[],"class_list":["post-14062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqsbux","tag-starbucks-corporation-nasdaqsbux","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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