Luckin Coffee CFO: Trade war with US will hit Chinese consumer confidence ‘at some point’

The chief financial officer of Luckin Coffee — Starbucks’ challenger for the Chinese coffee market — said Thursday that the trade war will hit consumer confidence. It will hit, sort of, consumer confidence at some point, I think,” Luckin CFO Reinout Schakel said on CNBC’s “Squawk on the Street ” Thursday. Luckin’s strategy has been, in part, to make its coffee and tea beverages affordable for the Chinese consumer. Luckin’s stock, which has a market value of $5 billion, is up 24% since its May in


The chief financial officer of Luckin Coffee — Starbucks’ challenger for the Chinese coffee market — said Thursday that the trade war will hit consumer confidence. It will hit, sort of, consumer confidence at some point, I think,” Luckin CFO Reinout Schakel said on CNBC’s “Squawk on the Street ” Thursday. Luckin’s strategy has been, in part, to make its coffee and tea beverages affordable for the Chinese consumer. Luckin’s stock, which has a market value of $5 billion, is up 24% since its May in
Luckin Coffee CFO: Trade war with US will hit Chinese consumer confidence ‘at some point’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: amelia lucas
Keywords: news, cnbc, companies, hit, consumer, cfo, value, starbucks, public, chinese, trade, think, luckin, coffee, war, point, market, confidence


Luckin Coffee CFO: Trade war with US will hit Chinese consumer confidence 'at some point'

The chief financial officer of Luckin Coffee — Starbucks’ challenger for the Chinese coffee market — said Thursday that the trade war will hit consumer confidence.

“Look, I think China is very resilient. I think overall there will be a bit of softness across the market you feel. It will hit, sort of, consumer confidence at some point, I think,” Luckin CFO Reinout Schakel said on CNBC’s “Squawk on the Street ” Thursday.

The trade war between the United States and China has been dragging on for more than a year. Tariffs from the U.S. on Chinese exports have weakened China’s economy, with the country posting its lowest rate of economic growth in nearly 30 years.

Luckin’s strategy has been, in part, to make its coffee and tea beverages affordable for the Chinese consumer. Schakel said that its drinks are about half as expensive of those of its competitors, including Starbucks.

“I think particularly the point around affordability will help us in gaining more market share going forward,” he said.

Shares of Luckin jumped more than 2% in morning trading Thursday after sliding the previous day on its first quarterly report since going public. The coffee chain is trying to overtake Starbucks by expanding rapidly and discounting its drinks, but that strategy resulted in wider-than-expected losses. Luckin is still unprofitable, but it expects to break even on the store level during its third quarter.

Luckin’s stock, which has a market value of $5 billion, is up 24% since its May initial public offering. It is narrowly outperforming Starbucks’ stock, which has a market value roughly 20 times larger, since its public debut.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: amelia lucas
Keywords: news, cnbc, companies, hit, consumer, cfo, value, starbucks, public, chinese, trade, think, luckin, coffee, war, point, market, confidence


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Indian coffee tycoon Siddhartha’s body found, police say

VG Siddhartha, the founder of the Cafe Coffee Day chain, poses for a profile shoot on Sept. 26, 2015 in New Delhi, India. Indian authorities confirmed on Wednesday they have recovered the body of coffee baron V.G. Siddhartha, the founder of the Cafe Coffee Day (CCD) chain, was not reachable since late Monday, his flagship entity Coffee Day Enterprises said in a regulatory filing. Siddhartha’s disappearance had spooked investors, which dragged Coffee Day Enterprises shares 20% lower on Tuesday. “


VG Siddhartha, the founder of the Cafe Coffee Day chain, poses for a profile shoot on Sept. 26, 2015 in New Delhi, India. Indian authorities confirmed on Wednesday they have recovered the body of coffee baron V.G. Siddhartha, the founder of the Cafe Coffee Day (CCD) chain, was not reachable since late Monday, his flagship entity Coffee Day Enterprises said in a regulatory filing. Siddhartha’s disappearance had spooked investors, which dragged Coffee Day Enterprises shares 20% lower on Tuesday. “
Indian coffee tycoon Siddhartha’s body found, police say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-31
Keywords: news, cnbc, companies, body, river, coffee, day, reports, purportedly, cafe, tax, siddhartha, told, vg, say, indian, tycoon, siddharthas


Indian coffee tycoon Siddhartha's body found, police say

VG Siddhartha, the founder of the Cafe Coffee Day chain, poses for a profile shoot on Sept. 26, 2015 in New Delhi, India.

Indian authorities confirmed on Wednesday they have recovered the body of coffee baron V.G. Siddhartha, who was missing since Monday night, from the Nethravathi River near Mangaluru in the southern Karnataka state.

Siddhartha, the founder of the Cafe Coffee Day (CCD) chain, was not reachable since late Monday, his flagship entity Coffee Day Enterprises said in a regulatory filing.

“Based on preliminary reports, the police have identified the body as that of V.G. Siddhartha,” a police officer told Reuters.

His family has been notified, the officer added.

Siddhartha was traveling to Mangaluru, a port city about 350 kilometers from India’s tech hub of Bengaluru, when he had asked his driver to wait for him on a bridge while he went for a walk, a police official had told Reuters. When Siddhartha did not return, the driver alerted the police.

Television channels had showed rescue workers in rubber boats scouring the Nethravathi river near the bridge where Siddhartha, who hails from a coffee-growing family, was last seen.

Siddhartha’s disappearance had spooked investors, which dragged Coffee Day Enterprises shares 20% lower on Tuesday.

Some Indian media reports speculated Siddhartha was under pressure over outstanding debts. A letter, purportedly written by Siddhartha, had blamed an unnamed private equity partner for pressuring him into a share buyback and tax authorities for “harassment” and decisions that hurt the company’s liquidity.

“I fought for a long time, but today I gave up,” Siddhartha purportedly wrote in the letter, which was available on social media and published by media.

Reuters was not able to confirm the authenticity of the letter.

“The investigation in the case of V.G. Siddhartha and Cafe Coffee Day arose from the search in the case of a prominent political leader in Karnataka,” a statement from the Income Tax department said, without naming the politician.

“It is based on the unearthing of a credible evidence of financial transactions done by CCD in a concealed manner.”


Company: cnbc, Activity: cnbc, Date: 2019-07-31
Keywords: news, cnbc, companies, body, river, coffee, day, reports, purportedly, cafe, tax, siddhartha, told, vg, say, indian, tycoon, siddharthas


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How a coffee shop business turned into Australia’s fastest-growing $1 billion start-up

Airwallex’s cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li. When Jack Zhang and Max Li were looking for a side-hustle to supplement their day jobs, they did like good Melbournites and opened a coffee shop. However, it did brew an idea which would go on to become the fastest-growing $1 billion start-up in Australia’s history. Zhang and Li are co-founders of Airwallex, an international payments platform which in three short years has achieved the much-coveted unicorn s


Airwallex’s cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li. When Jack Zhang and Max Li were looking for a side-hustle to supplement their day jobs, they did like good Melbournites and opened a coffee shop. However, it did brew an idea which would go on to become the fastest-growing $1 billion start-up in Australia’s history. Zhang and Li are co-founders of Airwallex, an international payments platform which in three short years has achieved the much-coveted unicorn s
How a coffee shop business turned into Australia’s fastest-growing $1 billion start-up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: karen gilchrist
Keywords: news, cnbc, companies, liu, jack, zhang, shop, fastestgrowing, coffee, business, turned, idea, billion, max, li, australias, lucy, xijing, startup, dai


How a coffee shop business turned into Australia's fastest-growing $1 billion start-up

Airwallex’s cofounders, from left to right, Xijing Dai, Lucy Liu, Jack Zhang and Max Li.

When Jack Zhang and Max Li were looking for a side-hustle to supplement their day jobs, they did like good Melbournites and opened a coffee shop.

It seemed like an easy choice for two Chinese natives keen to assimilate into one of the coffee capitals of the world.

Easy it was not. However, it did brew an idea which would go on to become the fastest-growing $1 billion start-up in Australia’s history.

Zhang and Li are co-founders of Airwallex, an international payments platform which in three short years has achieved the much-coveted unicorn status.

The idea for the low-cost, cross-border fintech company — think Transferwise for businesses — hit the pair after seeing the exorbitant fees charged by traditional banks when they wanted to import coffee cups from overseas.

So, they teamed up with college friends Lucy Liu, Xijing Dai and Ki-Lok Wong to come up with a solution.


Company: cnbc, Activity: cnbc, Date: 2019-07-30  Authors: karen gilchrist
Keywords: news, cnbc, companies, liu, jack, zhang, shop, fastestgrowing, coffee, business, turned, idea, billion, max, li, australias, lucy, xijing, startup, dai


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Starbucks’ stock pops after coffee chain crushes estimates, raises forecast

Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks. The coffee chain’s stock, which has a market value of $110.2 billion, is up 41% so far this year. Excluding items, the coffee giant earned 78 cents per share, topping the 72 cents per share expected by analysts surveyed by Refinitiv. It is also forecasting revenue growth of 7%, on the high end of its prior range of 5% to 7%. Net sales rose 8% to $


Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks. The coffee chain’s stock, which has a market value of $110.2 billion, is up 41% so far this year. Excluding items, the coffee giant earned 78 cents per share, topping the 72 cents per share expected by analysts surveyed by Refinitiv. It is also forecasting revenue growth of 7%, on the high end of its prior range of 5% to 7%. Net sales rose 8% to $
Starbucks’ stock pops after coffee chain crushes estimates, raises forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: amelia lucas
Keywords: news, cnbc, companies, crushes, raises, pops, billion, revenue, starbucks, chain, topping, vs, stock, earnings, cents, forecast, share, coffee, growth, range, estimates, sales


Starbucks' stock pops after coffee chain crushes estimates, raises forecast

Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks.

Shares of the company jumped 6.5% in extended trading. The coffee chain’s stock, which has a market value of $110.2 billion, is up 41% so far this year.

“Our two targeted long-term growth markets, the U.S. and China, performed extremely well across a number of measures as a result of our focus on enhancing the customer experience, driving new beverage innovation and accelerating the expansion of our digital customer relationships,” CEO Kevin Johnson said in a statement.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: 78 cents, adjusted, vs. 72 cents expected

Revenue: $6.82 billion vs. $6.67 billion expected

Global same-store sales growth: 6% vs. 4.0%

Starbucks reported fiscal third-quarter net income of $1.37 billion, or $1.12 per share, up from $852.5 million, or 61 cents per share, a year earlier.

Excluding items, the coffee giant earned 78 cents per share, topping the 72 cents per share expected by analysts surveyed by Refinitiv.

Starbucks raised its full-year forecast for earnings and revenue. It now expects adjusted, or non-GAAP, earnings per share in the range of $2.80 to $2.82, up from a prior range of $2.75 to $2.79 per share. It is also forecasting revenue growth of 7%, on the high end of its prior range of 5% to 7%.

Net sales rose 8% to $6.82 billion, topping expectations of $6.67 billion.


Company: cnbc, Activity: cnbc, Date: 2019-07-25  Authors: amelia lucas
Keywords: news, cnbc, companies, crushes, raises, pops, billion, revenue, starbucks, chain, topping, vs, stock, earnings, cents, forecast, share, coffee, growth, range, estimates, sales


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Starbucks will stop selling newspapers in its cafes

Starbucks will stop selling newspapers at its cafes Sept. 1. Starbucks will still carry those products, but the removal of their shelves mean fewer packaged coffee beans and snacks will be sold. The New York Post first reported the coffee chain’s plans to stop selling newspapers at its roughly 8,600 company-owned stores in the U.S.”We are always looking at what we offer our customers in our stores and making adjustments to our portfolio based on changing customer behavior,” Starbucks spokeswoman


Starbucks will stop selling newspapers at its cafes Sept. 1. Starbucks will still carry those products, but the removal of their shelves mean fewer packaged coffee beans and snacks will be sold. The New York Post first reported the coffee chain’s plans to stop selling newspapers at its roughly 8,600 company-owned stores in the U.S.”We are always looking at what we offer our customers in our stores and making adjustments to our portfolio based on changing customer behavior,” Starbucks spokeswoman
Starbucks will stop selling newspapers in its cafes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: amelia lucas
Keywords: news, cnbc, companies, snacks, starbucks, times, selling, newspapers, stop, weekday, cafes, stores, coffee, york


Starbucks will stop selling newspapers in its cafes

Starbucks will stop selling newspapers at its cafes Sept. 1.

In addition to removing newspaper stands that carry copies of The New York Times, The Wall Street Journal and USA Today, the company plans to remove shelving fixtures that display whole bean coffee and grab-and-go snacks. Starbucks will still carry those products, but the removal of their shelves mean fewer packaged coffee beans and snacks will be sold.

The New York Post first reported the coffee chain’s plans to stop selling newspapers at its roughly 8,600 company-owned stores in the U.S.

“We are always looking at what we offer our customers in our stores and making adjustments to our portfolio based on changing customer behavior,” Starbucks spokeswoman Sanja Gould said in a statement.

As the media landscape changes, more customers are reading their news online. The Pew Research Center estimates that weekday circulation of print newspapers fell 12% last year, while weekday digital circulation jumped 6%. Both the Times and the Journal reported that their own digital readership increased by more than 20% in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-07-12  Authors: amelia lucas
Keywords: news, cnbc, companies, snacks, starbucks, times, selling, newspapers, stop, weekday, cafes, stores, coffee, york


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Alex Rodriguez drinks 9 cups of coffee a day—here’s the rest of his daily routine

Former MLB star Alex Rodriguez, who now runs an investment company, A-Rod Corp, and commentates for ESPN, works 80 to 100 hours a week. And he relies on a lot of caffeine to get through each day. His schedule is “filled with meetings and phone calls and lectures and TV appearances, with his weekends fully accounted for by his ESPN duties,” Ben Reiter reports in his Sport Illustrated cover story on the reinvention of A-Rod, who was suspended for the entire 2014 season for using performance-enhanc


Former MLB star Alex Rodriguez, who now runs an investment company, A-Rod Corp, and commentates for ESPN, works 80 to 100 hours a week. And he relies on a lot of caffeine to get through each day. His schedule is “filled with meetings and phone calls and lectures and TV appearances, with his weekends fully accounted for by his ESPN duties,” Ben Reiter reports in his Sport Illustrated cover story on the reinvention of A-Rod, who was suspended for the entire 2014 season for using performance-enhanc
Alex Rodriguez drinks 9 cups of coffee a day—here’s the rest of his daily routine Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: kathleen elkins
Keywords: news, cnbc, companies, rest, routine, drinks, espn, works, week, using, daily, corp, weekends, tv, coffee, rodriguez, dayheres, alex, reiter, work, arod, cups


Alex Rodriguez drinks 9 cups of coffee a day—here's the rest of his daily routine

Former MLB star Alex Rodriguez, who now runs an investment company, A-Rod Corp, and commentates for ESPN, works 80 to 100 hours a week. And he relies on a lot of caffeine to get through each day.

His schedule is “filled with meetings and phone calls and lectures and TV appearances, with his weekends fully accounted for by his ESPN duties,” Ben Reiter reports in his Sport Illustrated cover story on the reinvention of A-Rod, who was suspended for the entire 2014 season for using performance-enhancing drugs.

Rodriguez, now 43, also helps former athletes turn their finances around on CNBC’s show, “Back in the Game,” co-hosts the popular Barstool Sports podcast “The Corp” and is a father of two daughters.

Plus, he still makes time to work out, Reiter adds: “He’ll often hit the gym at one in the morning, fueled by one of the nine cups of coffee he can consume a day.”


Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: kathleen elkins
Keywords: news, cnbc, companies, rest, routine, drinks, espn, works, week, using, daily, corp, weekends, tv, coffee, rodriguez, dayheres, alex, reiter, work, arod, cups


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Wall Street sees major growth potential for Luckin in untapped Chinese coffee market

Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty ImagesBeijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in China. Since Luckin was founded less than two years ago, the company has sold more than 110 million cups of coffee, according to Keybanc Capital Markets. Needham’s Vincent Yu has a buy rating on L


Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty ImagesBeijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in China. Since Luckin was founded less than two years ago, the company has sold more than 110 million cups of coffee, according to Keybanc Capital Markets. Needham’s Vincent Yu has a buy rating on L
Wall Street sees major growth potential for Luckin in untapped Chinese coffee market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, sees, coffee, china, major, 2019, rating, untapped, starbucks, market, stock, potential, street, luckin, growth, according, wall


Wall Street sees major growth potential for Luckin in untapped Chinese coffee market

Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images

Beijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in China. Luckin, which is the second-largest coffee chain in China, soared nearly 50% on its first day of trading on the Nasdaq in May. Despite the stock being down slightly since then, it has garnered quite a few favorable ratings from Wall Street. Since Luckin was founded less than two years ago, the company has sold more than 110 million cups of coffee, according to Keybanc Capital Markets. Luckin has opened 2,370 stores in its lifetime and plans to add 2,500 in 2019. More than 90% of its stores are smaller “pick-up” shops designed in close proximity to its customers.

Charles Zhengyao Lu, chairman and founder of Luckin Coffee Inc., center left, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee Inc., center right, react as stocks start trading during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Friday, May 17, 2019. Victor J. Blue | Bloomberg | Getty Images

Luckin says technology is the core of its business. The company uses big data analytics and AI to analyze its customers behavior and transaction data. Its self-developed mobile apps have given Luckin “significant advantages in cost and customer engagement to drive mass market coffee consumption in China” according to Credit Suisse, which has an outperform rating on the stock and a $24 target price. The stock ended the week just above $18. Similar to other fresh IPOs like Lyft, Uber, and Beyond Meat, Luckin is not yet a profitable company. In 2018, the chain reported net sales of $125.3 million and a net loss of $241.3 million. However, Needham expects the coffee chain’s profit to break even in the third quarter of 2019. Needham’s Vincent Yu has a buy rating on Luckin Coffee and a target price of $27.

China’s untapped coffee market

Luckin’s opportunity in China is “one of the world’s greatest retail growth opportunities,” according to KeyBanc Capital Markets, which has an overweight rating on the stock and a $22 price target. In a tea-dominated culture, coffee is a “highly underpenetrated” market in China, said Credit Suisse. Coffee sales in China are expected to grow significantly in the next few years, according to market research company Frost & Sullivan, which is cited by many of the analysts covering Luckin. “We forecast per capita consumption of freshly brewed coffee to accelerate from 1.6 cups per/year per capita in 2018 to 5.5 cups per capita per year in 2023,” the research firm said. The market has grown from 15.6 billion yuan in 2013 to 56.9 billion yuan in 2018, and is estimated to reach 180.6 billion yuan in 2030. This growth represents a 25% compound annual growth rate from 2018 to 2023, according to Frost & Sullivan. “We believe a faster pace of life, changing consumer habits (younger generation adopting a western lifestyle) and increasing disposable income will continue to drive the growth of the coffee market in China,” Credit Suisse’s Tony Wang said in a note to clients. Morgan Stanley, which calls Luckin’s stock “high quality, affordable and convenient,” expects Luckin to grow its sales by 30 times between 2018 and 2021, “driven by store expansion, strong customer growth” and “purchase frequency increase.” Morgan Stanley has an equal-weight rating on Luckin and a price target of $21. However, Bernstein, which doesn’t cover the stock, suggests China’s coffee market may never reach the expected levels. China’s current cup-per-capita rate is a fraction of Japan’s, Bernstein’s Sara Senatore said in a research note. “But at a similar stage of market development, Japan’s per capita rate was already 10x higher, suggesting China may never achieve coffee consumption rates that exist in present-day Japan,” Senatore noted.

A customer exits a Luckin Coffee outlet in Beijing, China, on Tuesday, Jan. 15, 2019. Gilles Sabrie/Bloomberg | Bloomberg | Getty Images

A threat to Starbucks

Luckin is attempting to overtake Starbucks as the largest coffee chain in China. Starbucks, which is celebrating its 20th anniversary in China this year, has been building its presence in the world’s second-largest economy for the past couple of decades. However, Luckin is expected to have more locations than Starbucks in China by the end of 2019, according to Stifel, which put a hold rating on Starbucks citing Luckin’s growth. In China, Starbucks is leading in the taste and mobile app categories in terms of sales drivers; however, competitors of Starbucks, which includes Luckin, are leading in the service, convenience and price categories, according to a Citi Research study. Luckin’s heavy discounting sets it apart from the world’s biggest coffee chain. KeyBanc Capital Markets suggests Luckin’s prices come at a 50% discount to Starbucks. Needham’s Vincent Yu said Starbucks’ high prices are “driving customers away” in China. Earlier this year, Starbucks chief Kevin Johnson said it is “unlikely” that Luckin surpasses Starbucks by the end of 2019.


Company: cnbc, Activity: cnbc, Date: 2019-06-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, sees, coffee, china, major, 2019, rating, untapped, starbucks, market, stock, potential, street, luckin, growth, according, wall


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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


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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


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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


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