Drinking 25 cups of coffee a day is still safe for the heart, study says

People who drink up to 25 cups of coffee a day don’t run a greater risk of a heart attack. That’s the remarkable finding from a study of over 8,000 people in the U.K., carried out by the British Heart Foundation (BHF). Previous studies have linked drinking coffee with a hardening of the arteries that pump blood from your heart to other parts of the body. If arteries become stiff, it can increase stress on the heart and raise a person’s chance of having a heart attack or stroke. For the study, co


People who drink up to 25 cups of coffee a day don’t run a greater risk of a heart attack. That’s the remarkable finding from a study of over 8,000 people in the U.K., carried out by the British Heart Foundation (BHF). Previous studies have linked drinking coffee with a hardening of the arteries that pump blood from your heart to other parts of the body. If arteries become stiff, it can increase stress on the heart and raise a person’s chance of having a heart attack or stroke. For the study, co
Drinking 25 cups of coffee a day is still safe for the heart, study says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: david reid
Keywords: news, cnbc, companies, drink, coffee, 25, claimed, arteries, studies, drinking, study, heart, cups, day, british, safe


Drinking 25 cups of coffee a day is still safe for the heart, study says

People who drink up to 25 cups of coffee a day don’t run a greater risk of a heart attack.

That’s the remarkable finding from a study of over 8,000 people in the U.K., carried out by the British Heart Foundation (BHF).

Previous studies have linked drinking coffee with a hardening of the arteries that pump blood from your heart to other parts of the body. If arteries become stiff, it can increase stress on the heart and raise a person’s chance of having a heart attack or stroke.

But the fresh research, presented Monday at the British Cardiovascular Society (BCS) Conference, claimed that after looking at the heart scans of 8,412 people, it had “debunked” previous studies linking coffee to poor heart health.

For the study, coffee drinking was categorized into three groups: those who drink less than one cup a day, those who drink between one and three cups a day and those who drink more than three.

People who consumed more than 25 cups of coffee a day were excluded, but the BHP claimed that “no increased stiffening of arteries was associated with those who drank up to this high limit.”

“This research will hopefully put some of the media reports in perspective, as it rules out one of the potential detrimental effects of coffee on our arteries,” said Professor Metin Avkiran, Associate Medical Director at the British Heart Foundation in a statement.

In 2018, the findings of a study of around half-a-million British adults claimed that coffee drinkers were found to have a slightly lower risk of death over a 10-year follow-up period than non-coffee drinkers.

Other studies have claimed substances in coffee might reduce inflammation and improve how the body uses insulin, which could decrease the likelihood of developing diabetes.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: david reid
Keywords: news, cnbc, companies, drink, coffee, 25, claimed, arteries, studies, drinking, study, heart, cups, day, british, safe


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Here are all the ways we’re different from Starbucks, says CFO of China’s Luckin Coffee on IPO day

The chief financial officer of China’s Luckin Coffee told CNBC on Friday the tech-based beverage company’s business model is setting itself apart from U.S. coffee giant Starbucks. 1 coffee purveyor in China by the end of the year, hoping to overtake Starbucks, which currently has 3,500 Chinese stores. The 2-year-old Luckin operates 2,370 stores across China and it’s planning on opening 2,500 additional locations this year. In contrast to Starbucks, Schakel said, “We’re using very small stores,”


The chief financial officer of China’s Luckin Coffee told CNBC on Friday the tech-based beverage company’s business model is setting itself apart from U.S. coffee giant Starbucks. 1 coffee purveyor in China by the end of the year, hoping to overtake Starbucks, which currently has 3,500 Chinese stores. The 2-year-old Luckin operates 2,370 stores across China and it’s planning on opening 2,500 additional locations this year. In contrast to Starbucks, Schakel said, “We’re using very small stores,”
Here are all the ways we’re different from Starbucks, says CFO of China’s Luckin Coffee on IPO day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, chinas, coffee, luckin, chinese, china, using, different, trade, ipo, trends, day, starbucks, schakel, stores, ways, cfo


Here are all the ways we're different from Starbucks, says CFO of China's Luckin Coffee on IPO day

The chief financial officer of China’s Luckin Coffee told CNBC on Friday the tech-based beverage company’s business model is setting itself apart from U.S. coffee giant Starbucks.

“The founders of our business are used to using technology and disrupting industries,” CFO Reinout Schakel said in a “Squawk Box” interview, just hours ahead of the company’s debut as a publicly traded stock on the Nasdaq.

Schakel said Luckin’s founders “looked at the transaction of coffee and thought, ‘we can do better than this.'” Luckin was started in 2017 by Chinese entrepreneur Jenny Qian Zhiya.

Customers who want to buy Luckin brew, or any other drinks, have to make the purchases through its app, which Schakel said is more efficient and requires less waste. That also allows the company to access customer data and analyze trends in order to drive retention rates.

“What we’re trying to do is bring down the per-cup cost … with that and with that price point, we think we’re going to drive mass-market consumption,” he said. Most of the menu is about 25% cheaper than Starbucks equivalents.

Luckin is looking to become the No. 1 coffee purveyor in China by the end of the year, hoping to overtake Starbucks, which currently has 3,500 Chinese stores. The 2-year-old Luckin operates 2,370 stores across China and it’s planning on opening 2,500 additional locations this year.

In contrast to Starbucks, Schakel said, “We’re using very small stores,” allowing Luckin to cut down on costs while being “very close to our customers.” The technology and small stores make up the “new retail model,” he added. “That has fundamentally changed the cost structure in China.”

Luckin Coffee, valued at nearly $3 billion in its most recent funding round, is set to start trading Friday, after pricing its initial public offering at $17 per share late Thursday. “We have done what most people do in 15 or 20 years,” Schakel said.

Backed by Singapore’s GIC Private Limited sovereign wealth fund and U.S. money manager BlackRock, Luckin has warned about possibly seeing continuing losses in the foreseeable future. Last year, the Chinese chain recorded a net loss to shareholders of $475.4 million and total revenue of $125.27 million, according to its filing. For the first three months of 2019, it posted a net loss of $85.3 million.

The Luckin IPO comes as U.S.-China trade tensions, involving escalating tariffs on each other’s imports, raised concerns in global financial markets.

However, Schakel told CNBC the impact of the trade war has been muted in China so far. “We don’t see an awful lot yet in China. Something we don’t see today. If there’s something happening around those trends, that could affect Starbucks but that’s not something we’re seeing yet.

— Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, chinas, coffee, luckin, chinese, china, using, different, trade, ipo, trends, day, starbucks, schakel, stores, ways, cfo


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Luckin Coffee IPO won’t stop Starbucks’ stock breakout, technical analyst says

But some experts, like MKM Partners Chief Market Technician JC O’Hara, say Starbucks’ journey higher is just getting started. But let’s remember four years prior,” O’Hara said Thursday on CNBC’s “Trading Nation,” calling attention to Starbucks’ five-year stock chart. John Petrides, managing director and portfolio manager at Point View Wealth Management, didn’t have as much conviction in Starbucks’ prospects. “If the three of us wanted to go in and open up a coffee shop, we can do so,” he said Th


But some experts, like MKM Partners Chief Market Technician JC O’Hara, say Starbucks’ journey higher is just getting started. But let’s remember four years prior,” O’Hara said Thursday on CNBC’s “Trading Nation,” calling attention to Starbucks’ five-year stock chart. John Petrides, managing director and portfolio manager at Point View Wealth Management, didn’t have as much conviction in Starbucks’ prospects. “If the three of us wanted to go in and open up a coffee shop, we can do so,” he said Th
Luckin Coffee IPO won’t stop Starbucks’ stock breakout, technical analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: lizzy gurdus
Keywords: news, cnbc, companies, analyst, ohara, think, stock, coffee, nation, breakout, billion, wealth, luckin, wont, starbucks, technical, trading, view, stop, high, ipo


Luckin Coffee IPO won't stop Starbucks' stock breakout, technical analyst says

Starbucks is piping hot.

The coffeemaker’s stock surged to an all-time high Thursday, adding to a more than 22% gain for 2019. But Thursday also brought a twist to the U.S. coffeemaker’s story as details on Chinese rival Luckin Coffee’s pricing for its initial public offering surfaced after the closing bell.

The Chinese competitor will price at $17, the high end of the $15 to $17 range in its regulatory filing, sources told CNBC. The $2.9 billion company is set to go public Friday on the Nasdaq under the ticker LK.

The IPO has called into question how much staying power Starbucks really has, particularly as it focuses on expanding in China and as U.S.-China trade tensions escalate.

But some experts, like MKM Partners Chief Market Technician JC O’Hara, say Starbucks’ journey higher is just getting started.

“I think this is a perfect example of an area where we don’t want to be afraid of momentum. Yes, it’s up 23% year to date. It’s up 40% over the last year. But let’s remember four years prior,” O’Hara said Thursday on CNBC’s “Trading Nation,” calling attention to Starbucks’ five-year stock chart.

“The stock has pretty much done nothing,” he said. “It’s been trading in a $12 range — $64 as the top, $52 as the low — and, often, when stock charts like these hibernate for an extended period of time and finally break out, that breakout is powerful and it can continue a lot longer than many people think is possible.”

John Petrides, managing director and portfolio manager at Point View Wealth Management, didn’t have as much conviction in Starbucks’ prospects.

“A nearly $100 billion company is expected to grow earnings 25% per year over the next two years, so the earnings growth rate is pretty high and there’s not much margin safety in the valuation from the multiple standpoint,” he said in the same “Trading Nation” interview.

One big, largely unaccounted-for risk is that “the barriers to entry aren’t very high” in the coffee business, Petrides said.

“If the three of us wanted to go in and open up a coffee shop, we can do so,” he said Thursday to O’Hara and “Trading Nation” host Mike Santoli. “I don’t think it would take $100 billion for us to get in.”

So, in the near term, “I would expect [Starbucks’] multiple possibly to come in again, and let’s see if they can compete against Luckin,” the wealth manager said.

Starbucks shares were down slightly in Friday’s premarket, a day after gaining more than 1%.

Disclosure: Some Point View Wealth Management clients own shares of Starbucks.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: lizzy gurdus
Keywords: news, cnbc, companies, analyst, ohara, think, stock, coffee, nation, breakout, billion, wealth, luckin, wont, starbucks, technical, trading, view, stop, high, ipo


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Luckin Coffee surges as much as 50% in its market debut

Shares of Luckin Coffee surged as much as 50% Friday morning in the Chinese up-start retailer’s Nasdaq debut. On Thursday night, Luckin priced its initial public offering at $17 per share, for an implied market value of roughly $4 billion. The Beijing-based chain also boosted its IPO to 33 million shares, 3 million more than initially planned. The $561 million Luckin raised through the IPO will help fund new stores, customer acquisition, tech investments and other general corporate purposes. Luc


Shares of Luckin Coffee surged as much as 50% Friday morning in the Chinese up-start retailer’s Nasdaq debut. On Thursday night, Luckin priced its initial public offering at $17 per share, for an implied market value of roughly $4 billion. The Beijing-based chain also boosted its IPO to 33 million shares, 3 million more than initially planned. The $561 million Luckin raised through the IPO will help fund new stores, customer acquisition, tech investments and other general corporate purposes. Luc
Luckin Coffee surges as much as 50% in its market debut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: amelia lucas
Keywords: news, cnbc, companies, china, market, 50, stores, debut, coffee, chain, luckin, ipo, shares, starbucks, million, share, surges


Luckin Coffee surges as much as 50% in its market debut

Shares of Luckin Coffee surged as much as 50% Friday morning in the Chinese up-start retailer’s Nasdaq debut.

The opening trade under the symbol LK was $25 per share. On Thursday night, Luckin priced its initial public offering at $17 per share, for an implied market value of roughly $4 billion. The Beijing-based chain also boosted its IPO to 33 million shares, 3 million more than initially planned. Its IPO price was on the high end of its expected range of $15 to $17 per share.

By early afternoon, its share price was $21.66, up 27%.

Luckin is trying to overtake Starbucks as the biggest coffee chain in China. Since it was founded less than two years ago, it has opened 2,370 stores and plans to add 2,500 this year alone. Roughly 90% of its stores are smaller format shops designed for easy pickup and proximity to its customers, in contrast to Starbucks’ larger and more homey cafes. Starbucks is celebrating its 20th anniversary in China this year.

“We have done what most people do in 15 or 20 years,” Luckin CFO Reinout Schakel said Friday on CNBC’s “Squawk Box ” ahead of the start of trading.

Coffee sales in China are expected to reach $8.2 billion this year, growing annually by 11.3% over the next five years, according to Statista. But tea still remains the top drink for Chinese consumers. Luckin is also trying to reach tea drinkers with trendy beverages, like fruit teas topped with cream cheese.

Luckin has also tried to attract new customers by discounting its drinks, a strategy that Starbucks CEO Kevin Johnson has said is not sustainable. But investors may disagree.

In 2018, the chain reported net sales of $125.3 million and a net loss of $241.3 million. Shareholders will want to see the company become profitable eventually. The $561 million Luckin raised through the IPO will help fund new stores, customer acquisition, tech investments and other general corporate purposes.

Luckin is the latest company to make its debut on the stock market this year. While ride-hailing giants Uber and Lyft have had rocky entries into the public market, others like Beyond Meat have seen shares soar.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: amelia lucas
Keywords: news, cnbc, companies, china, market, 50, stores, debut, coffee, chain, luckin, ipo, shares, starbucks, million, share, surges


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Cray, Pinterest, Luckin Coffee & more

Pinterest — Pinterest plummeted 13.5% after the social media company reported a larger-than-expected loss and a weak full-year outlook in its first quarterly report since going public. The company reported a loss of 32 cents per share while analysts polled by Refinitiv had only expected a loss of 11 cents per share. Deere — Deere shares fell more than 7% after the company reported weaker-than-expected earnings for the previous quarter. Luckin Coffee — Shares of the Chinese coffee brand surged 19


Pinterest — Pinterest plummeted 13.5% after the social media company reported a larger-than-expected loss and a weak full-year outlook in its first quarterly report since going public. The company reported a loss of 32 cents per share while analysts polled by Refinitiv had only expected a loss of 11 cents per share. Deere — Deere shares fell more than 7% after the company reported weaker-than-expected earnings for the previous quarter. Luckin Coffee — Shares of the Chinese coffee brand surged 19
Stocks making the biggest moves midday: Cray, Pinterest, Luckin Coffee & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: fred imbert
Keywords: news, cnbc, companies, cents, cray, coffee, pinterest, stock, luckin, quarterly, biggest, company, earnings, making, reported, analyst, shares, midday, loss, stocks, moves, share


Stocks making the biggest moves midday: Cray, Pinterest, Luckin Coffee & more

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019.

Check out the companies making headlines midday Friday:

Cray — Shares of Cray surged 22.5% after the supercomputer manufacturer announced it will be bought out by Hewlett Packard Enterprise. The deal, valued at about $1.3 billion, is expected to close by the first-quarter of Hewlett Packard’s fiscal 2020.

Pinterest — Pinterest plummeted 13.5% after the social media company reported a larger-than-expected loss and a weak full-year outlook in its first quarterly report since going public. The company reported a loss of 32 cents per share while analysts polled by Refinitiv had only expected a loss of 11 cents per share.

Qorvo — Shares of Qorvo dropped 6.1% after the U.S. Bureau of Industry and Security, which is part of the Commerce Department, added Huawei to its entry list, barring American firms from doing business with Huawei without a licence. Qorvo, a semiconductor company, is one of more than 30 American firms that Huawei has listed as a “core supplier. ”

Under Armour — Under Armour shares jumped more than 7.5% after an analyst at J.P. Morgan upgraded the stock to overweight from neutral, citing how management has “‘repositioned the global foundation for multi-year gross margin expansion.”

Wayfair — The furniture e-commerce company rose more than 1% after Jefferies initiated coverage of the stock with a buy rating and a price target of $192 per share. The analyst noted that Wayfair’s international growth will provide an “upside” surprise.

Deere — Deere shares fell more than 7% after the company reported weaker-than-expected earnings for the previous quarter. The company also lowered its fiscal 2019 earnings outlook and cited the ongoing U.S.-China trade war for its weak quarterly numbers.

Luckin Coffee — Shares of the Chinese coffee brand surged 19.9% in their first trading day ever.

Foot Locker — An analyst at B. Riley FBR upgraded the retailer to buy from neutral, citing “improving trends” in its footwear business. The analyst also hiked Foot Locker’s price target to $73 per share from $62, implying a 30% surge from Thursday’s close. Foot Locker shares rose as much 2.1% before closing lower.

Baidu — Baidu shares plummeted more than 16% after the Chinese search-engine operator reported its first quarterly loss since 2005 and issued weaker-than-expected quarterly revenue guidance that missed expectations. CEO Robin Li also warned that a slowdown in China’s technology sector or the country’s broad economy could hurt the company.

Applied Materials — The semiconductor’s stock rose more than 2% after reporting better-than-expected earnings and revenue. Applied Materials posted quarterly earnings per share of 70 cents on revenue of $3.54 billion. Analysts polled by Refinitiv expected a profit of 66 cents a share on sales of $3.45 billion.

—CNBC’s Nadine El-Bawab contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: fred imbert
Keywords: news, cnbc, companies, cents, cray, coffee, pinterest, stock, luckin, quarterly, biggest, company, earnings, making, reported, analyst, shares, midday, loss, stocks, moves, share


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Starbucks got an estimated $2.3 billion in free advertising from ‘Game of Thrones’ gaffe, and it wasn’t even its coffee cup

Starbucks gained an estimated $2.3 billion in free advertising over the last few days after a modern-day coffee cup was spotted during a “Game of Thrones” episode — and it turns out it wasn’t even a Starbucks cup. Photos and videos of the moment went viral on social media within hours of the show airing. As of Tuesday, the coffee cup had been edited out of the episode, but chatter about Starbucks and the episode on Twitter and Reddit continued. Traditionally, product placement would be more suit


Starbucks gained an estimated $2.3 billion in free advertising over the last few days after a modern-day coffee cup was spotted during a “Game of Thrones” episode — and it turns out it wasn’t even a Starbucks cup. Photos and videos of the moment went viral on social media within hours of the show airing. As of Tuesday, the coffee cup had been edited out of the episode, but chatter about Starbucks and the episode on Twitter and Reddit continued. Traditionally, product placement would be more suit
Starbucks got an estimated $2.3 billion in free advertising from ‘Game of Thrones’ gaffe, and it wasn’t even its coffee cup Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: sarah whitten
Keywords: news, cnbc, companies, media, product, game, wasnt, cup, placement, free, thrones, social, gaffe, starbucks, billion, episode, coffee, estimated


Starbucks got an estimated $2.3 billion in free advertising from 'Game of Thrones' gaffe, and it wasn't even its coffee cup

Starbucks gained an estimated $2.3 billion in free advertising over the last few days after a modern-day coffee cup was spotted during a “Game of Thrones” episode — and it turns out it wasn’t even a Starbucks cup.

On Sunday, eagle-eyed fans of HBO’s fantasy epic noticed something out of place during a feast scene. Photos and videos of the moment went viral on social media within hours of the show airing.

The label is muddled in shadow, but many fans speculated that it was the iconic green siren from Starbucks — and most of the jokes and discussion called out the Seattle coffee chain by name. Turns out, it was just a craft services cup.

Stacy Jones, CEO of marketing company Hollywood Branded, put the estimated value of all the buzz at $2.3 billion. Jones cited PR subscriptions service Critical Mention, which has tallied 10,627 mentions of Starbucks and ‘Game of Thrones’ online and on TV and radio around the world.

“This is a once-in-a-lifetime collision of opportunity for Starbucks,” she said. “But really, this is just the tip of the iceberg, because what isn’t being monitored or estimated is the word of mouth and social media on top of this.”

Separately, social media analytics and monitoring platform Talkwalker counted more than 193,000 mentions within 48 hours that cited both Starbucks and “Game of Thrones,” or a variation of the series’ hashtag, on Twitter, in social forums, blogs and news sites.

Starbucks declined to comment.

As of Tuesday, the coffee cup had been edited out of the episode, but chatter about Starbucks and the episode on Twitter and Reddit continued.

“It’s impossible to put a real figure on how much free advertising Starbucks gets out of the situation, but it’s in a totally different category than product placement because it was accidental, which makes it more valuable,” said Dan Hill, CEO of Hill Impact.

“I know people assign a value to these things, ‘more than $1 million in public relations,’ but I think it’s all hogwash — too hard to quantify. Plus this one will live on as a meme, so I guess you could say it’s a gift that will keep on giving,” he said.

The fact that so many people associated the cup with Starbucks is a testament to the strength of the coffee shop’s brand.

“Starbucks has become almost synonymous for coffee, so it is understandable that viewers assumed the cup on screen was one of theirs,” said Charell Star, director of content and innovation at marketing and advertising firm Essence.

Hill, however, said the viral nature of the event was less about Starbucks’ brand power and more about pointing out HBO’s mistake.

“The public response has more to do with the country’s ‘gotcha culture’ — picking people and brands apart — than it does the power of Starbucks,” he said.

The placement of the cup garnered so much attention because it was incongruous to the setting of “Game of Thrones,” said Noah Mallin, head of experience, content and sponsorship at media agency Wavemaker.

Traditionally, product placement would be more suited to a character or the show it was featured in. Had this been intentional, the cup would have been considered a standard product placement, a branded product that is in the scene but not part of the plot or storyline.

Because of the high ratings and cultural relevance of “Game of Thrones,” a product placement in this show could cost six figures, Mallin said. The May 5 episode drew 11.8 million viewers for its first airing, down about 2% from the prior week.

However, because HBO is not ad-supported, advertisers typically do not pay for product placement. Instead, they supply the product — a coffee cup, a car, an item of clothing or a shooting location — to the show, offsetting the cost of production rather than paying a flat fee for their product to appear.

Mallin said media or advertising companies would have a hard time ever reproducing this type of fervor organically.

“This was lightning in a bottle,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: sarah whitten
Keywords: news, cnbc, companies, media, product, game, wasnt, cup, placement, free, thrones, social, gaffe, starbucks, billion, episode, coffee, estimated


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO

Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering. Its recorded a net loss to shareholders of $475.4 million and total revenue of $125.27 million, according to the filing. For the first three months of 2019, it posted a net loss of $85.3 mil


Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed. The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering. Its recorded a net loss to shareholders of $475.4 million and total revenue of $125.27 million, according to the filing. For the first three months of 2019, it posted a net loss of $85.3 mil
Starbucks’ China rival Luckin seeks to raise up to $586.5 million in IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: amelia lucas
Keywords: news, cnbc, companies, shares, ads, luckin, coffee, net, seeks, ipo, china, 5865, starbucks, loss, rival, chinese, billion, raise, million, company


Starbucks' China rival Luckin seeks to raise up to $586.5 million in IPO

Luckin Coffee, the Chinese challenger to Starbucks, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed.

The company said it expects to offer 34.5 million American depository shares (ADS) priced between $15 and $17 per ADS in an initial public offering. Each ADS represents eight Class A shares, it said.

Luckin Coffee, which has been expanding at breakneck speed, currently operates 2,370 stores in 28 Chinese cities and plans to open 2,500 more this year as tries to displace Starbucks as China’s largest coffee chain.

The brand is banking on an increase in coffee consumption in China which has almost doubled to 8.7 billion cups last year from 4.4 billion in 2013 and is expected to further rise to 15.5 billion cups by 2023, according to a report cited by Luckin in its prospectus.

Luckin has also expanded outside coffee, allowing customers to buy food and other beverages such as grapefruit cheese jasmine tea and Sichuan cold noodles with pulled chicken via its app.

However, the company, founded in June 2017, is still loss making and has warned it may continue to incur losses in the foreseeable future.

Its recorded a net loss to shareholders of $475.4 million and total revenue of $125.27 million, according to the filing. For the first three months of 2019, it posted a net loss of $85.3 million.

The coffee chain was founded by Chief Executive Qian Zhiya, the former chief operating officer of car rental firm Car, and two other senior executives and is backed by Singapore’s sovereign wealth fund, GIC Pte Ltd.

Other investors in the company include U.S. money manager BlackRock and Chinese investment firms Centurium Capital and Joy Capital.

The company intends to list on Nasdaq under the symbol “LK”. Credit Suisse, Morgan Stanley, CICC and Haitong International are leading a six-member team of IPO underwriters.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: amelia lucas
Keywords: news, cnbc, companies, shares, ads, luckin, coffee, net, seeks, ipo, china, 5865, starbucks, loss, rival, chinese, billion, raise, million, company


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Starbucks recalls coffee presses because of laceration hazard

The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more


The S&P just did something it hasn’t done in three decadesThe S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution. Trading Nationread more
Starbucks recalls coffee presses because of laceration hazard Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: amelia lucas
Keywords: news, cnbc, companies, presses, sp, sanchez, katie, market, hazard, starbucks, start, coffee, say, proceed, nationread, recalls, watchers, stockton, laceration


Starbucks recalls coffee presses because of laceration hazard

The S&P just did something it hasn’t done in three decades

The S&P 500 has had its best start to the year in 32 years, but market watchers Katie Stockton and Gina Sanchez say proceed with caution.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: amelia lucas
Keywords: news, cnbc, companies, presses, sp, sanchez, katie, market, hazard, starbucks, start, coffee, say, proceed, nationread, recalls, watchers, stockton, laceration


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Coca-Cola is making a big push into coffee

Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year. The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019. The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda. Coca-Cola Coffee contains less sugar than a Coke of the same size. Ready-to-drink coffee is the fastest growing segment in the coffee category,


Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year. The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019. The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda. Coca-Cola Coffee contains less sugar than a Coke of the same size. Ready-to-drink coffee is the fastest growing segment in the coffee category,
Coca-Cola is making a big push into coffee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: amelia lucas, yui mok, pa images, getty images
Keywords: news, cnbc, companies, coffee, revenue, consumers, making, billion, growth, big, quincey, push, company, growing, coke, cocacola


Coca-Cola is making a big push into coffee

Coca-Cola isn’t new to coffee, but the global beverage giant is planning on making a big push into the industry this year.

The company is releasing Coca-Cola Coffee in more than 25 markets around the world by the end of 2019.

“Coke Coffee was designed to reach consumers during specific occasions and channels like the mid-afternoon energy slump at work,” CEO James Quincey told analysts Tuesday.

The drink, which blends Coke with coffee, has slightly less caffeine than a normal cup of coffee but more than a can of the soda.

The move comes as consumers have shifted from drinking soda to choosing less sugary options, like bottled water and Coca-Cola Zero Sugar. Coca-Cola Coffee contains less sugar than a Coke of the same size.

The drink also allows the company to capitalize on a trend that is working: coffee. Ready-to-drink coffee is the fastest growing segment in the coffee category, growing 31% in 2016 and 2017, according to Mintel. Chilled coffee drinks such as cold brew are also growing in popularity with consumers. From 2013 to 2017, cold coffee grew at least 10% annually in the U.S., Mintel research found. The trend is less appreciated by European consumers, who tend to experiment less.

So far, Coke’s coffee business has largely been focused in Japan, where canned coffee has been popular in vending machines for decades. The Atlanta-based company’s Georgia Coffee brand has surpassed $1 billion in sales and expanded to other Asian countries.

Coke first tried to introduce coffee to its namesake brand back in 2006. The company discontinued the short-lived Coca-Cola Blak two years later.

In 2017, Coke took another whack at it, introducing Coca-Cola Plus Coffee in Australia. The following year, the company brought it to Asia for more tests after retooling the formula to heighten the coffee aroma.

“The early results are very promising, delivering incremental growth for the Coca-Cola brand with very little cannibalization,” Quincey told analysts in July.

The company also plans to start selling ready-to-drink Costa coffee products in European markets during the second quarter. Coke purchased the British coffee chain for $5.1 billion including debt and closed the deal in January.

“We’re in early days of working out exactly how we’re going to bring to life the synergy plans for greater revenue growth and profit growth,” Quincey said on CNBC’s “Squawk on the Street.”

Coke’s stock rose 2% in morning trading Tuesday after the company reported earnings and revenue that beat Wall Street’s estimates. The beverage giant earned 48 cents per share from continuing operations, beating the 46 cents per share expected by analysts surveyed by Refinitiv. Revenue rose 5% to $8.02 billion, topping expectations of $7.88 billion.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: amelia lucas, yui mok, pa images, getty images
Keywords: news, cnbc, companies, coffee, revenue, consumers, making, billion, growth, big, quincey, push, company, growing, coke, cocacola


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Luckin Coffee files for US IPO

China’s Luckin Coffee on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission. The coffee chain, which intends to list under the symbol “LK” on the Nasdaq, set a placeholder amount of $100 million to indicate the size of the IPO, a filing with the regulator showed. The size of the IPO stated in preliminary filings is used to calculate registration fees. The final IPO size could be different.


China’s Luckin Coffee on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission. The coffee chain, which intends to list under the symbol “LK” on the Nasdaq, set a placeholder amount of $100 million to indicate the size of the IPO, a filing with the regulator showed. The size of the IPO stated in preliminary filings is used to calculate registration fees. The final IPO size could be different.
Luckin Coffee files for US IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: gilles sabrie bloomberg, bloomberg, getty images
Keywords: news, cnbc, companies, symbol, size, ipo, luckin, stated, files, set, regulator, used, showedthe, securities, coffee


Luckin Coffee files for US IPO

China’s Luckin Coffee on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission.

The coffee chain, which intends to list under the symbol “LK” on the Nasdaq, set a placeholder amount of $100 million to indicate the size of the IPO, a filing with the regulator showed.

The size of the IPO stated in preliminary filings is used to calculate registration fees. The final IPO size could be different.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: gilles sabrie bloomberg, bloomberg, getty images
Keywords: news, cnbc, companies, symbol, size, ipo, luckin, stated, files, set, regulator, used, showedthe, securities, coffee


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post