On Thursday, Shares of Starbucks Corporation (NASDAQ:SBUX), lost -0.23% to $56.56.
Starbucks Corporation stated financial results for its 13-week fiscal third quarter and 39-week fiscal year to date ended June 28, 2015. Q3 FY15 GAAP results comprise Starbucks Japan acquisition-related items, which are excluded from the non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release.
Q3 Fiscal 2015 Highlights:
- Global comparable store sales raised 7%, driven by a 4% enhance in traffic
- Americas comp sales raised 8%, driven by a 4% enhance in traffic
- China/Asia Pacific comp sales raised 11%, driven by a 10% enhance in traffic
- EMEA comp sales raised 3%, driven by a 2% enhance in traffic
- Merged net revenues raised 18% over Q3 FY14 to a quarterly record $4.9 billion
- Merged operating income up 22% to $938.6 million
- Non-GAAP operating income up 24% to $950.1 million
- Merged operating margin expanded 70 basis points to 19.2%
- Non-GAAP operating margin raised 100 basis points to 19.5%
- GAAP earnings raised 21% over Q3 FY14 to $0.41 per share
- Non-GAAP earnings raised 24% over Q3 FY14 to $0.42 per share
- Starbucks Mobile Order & Pay expanded to over 4,000 U.S. company-operated stores in Q3; full deployment to all U.S. company-operated stores by holiday
- 431 net new stores opened in the quarter; total store count reaches 22,519
- Year over year comparable store customer transactions raised nearly 18 million in the U.S. and over 23 million globally
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.
Shares of Southern Co (NYSE:SO), declined -0.62% to $42.98, during its last trading session.
As summer thunderstorms continue, Georgia Power is monitoring the changing weather around the clock and prepared to respond to any service interruptions, which may occur. The company encourages customers to be summer storm ready too with free tools and resources, counting Georgia Power Outage Alerts. Thousands of customers are presently signed up for the company’s Outage Alert service and are receiving personalized notifications and updates via text message, phone call, and email whenever power is interrupted at their home or business.
Other resources to stay informed and safe comprise:
- Outage & Storm Center – Visit and bookmark www.georgiapower.com/storm to sign up for Outage Alerts, report and check the status of outages and find assistful information for before, during and after severe weather.
- Outage Map – Housed within the Outage & Storm Center, Georgia Power’s interactive Outage Map provides near real-time information, allowing users to see where outages are occurring across the state and track estimated restoration times.
- Georgia Power Mobile App – Download the Georgia Power mobile app for Apple and Android devices to access storm and outage information on the go. Use the app anytime to access account information and mobile bill payment options, in addition to energy efficiency tools.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
Finally, Ares Capital Corporation (NASDAQ:ARCC), ended its last trade with -1.53% loss, and closed at $16.08.
Ares Administration, and Kayne Anderson Capital Advisors, declared that they have reached a definitive merger agreement to create Ares Kayne Administration, L.P., one of the largest and most diversified alternative asset managers with a combined $113 billion of assets under administration as of March 31, 2015. Under the terms of the agreement, Ares will provide $2.55 billion in consideration, the majority of which will be in the form of Ares Operating Group Units. The transaction is predictable to close on or around January 1, 2016, subject to customary regulatory approvals, Kayne Anderson investor consents and other closing conditions.
Ares Kayne combines Ares Administration, a leading global alternative asset manager with $87 billion in assets under administration, with Kayne Anderson, a leading U.S. energy and energy infrastructure investor with $26 billion in assets under administration, to form a uniquely diversified global asset manager that will invest across five complementary, market leading investment groups: Tradable Credit, Direct Lending, Energy, Private Equity and Real Estate. The combined firm will have about 450 investment professionals in over 20 global offices serving more than 2,700 direct investors, and will be a leading manager of publicly traded yield-oriented vehicles with more than 400,000 retail account holders in eight public companies, counting the largest business development company (ARCC) and the largest MLP-focused closed end fund (KYN) in the United States. Upon closing, the merger is predictable to be accretive to Ares’ economic net income, distributable earnings and fee-related earnings per unit.
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing.
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