Farmer Bros posted earnings per share of ($0.31) in the same quarter last year, which suggests a positive year-over-year growth rate of 48.4%. The company is expected to report its next quarterly earnings results on Thursday, November 5th.
CNBC’s “Halftime Report” team talks about Starbucks’ stock moves.
For example, Friday’s labor report showed another 1.3 million jobs were added back to the economy. While that doesn’t make up for the losses earlier this year, that report shows there has been significant progress.
Global exports of coffee fell 11% in July compared to the same month a year earlier, to 10.61 million bags, the International Coffee Organization (ICO) said on Tuesday, projecting a small surplus on the global supply balance for the 2019-20 season.
Morgan Stanley pushes its rating on Keurig Dr Pepper (NYSE:KDP) to Overweight from Equal weight.
The firm points to strong near-term consumer trends, including a higher level of at-home coffee consumption.
Coffee has finally confirmed the intermediate-term bottom we’ve been waiting for since the spring. In this report, we’ll examine the latest fundamentals which suggest that a new (and sustainable) java bull market is now underway. I’ll further show that persistent dollar weakness will likely push coffee prices higher in the coming months.
Starbucks Corporation SBUX is poised well on solid global footprint, successful innovations and digital offerings. The company has also strengthened its relationship with Alibaba.
State Street Corp lifted its position in Farmer Bros Co (NASDAQ:FARM) by 11.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
Starbucks’ fiscal third-quarter results somehow beat analysts’ average estimates by narrow margins, but they were pretty horrible. The results suggest that the company cannot thrive in the current environment in which work-from-home, drive-through and takeout orders are such important trends.
The world’s second largest coffee roaster, JDE Peet’s, said on Tuesday its sales fell 1.1% to €3.2 billion ($3.8 billion) in the first half of 2020, compared with a year earlier, missing analysts’ expectations of a 0.4% rise.