Moody's Ratings affirms Starbucks' ratings; outlook remains stable

Starbucks Corporation: Update following affirmation of Baa1 rating - Credit Opinion – 2024/05/17 – US$ 250.00 – ... profile benefits from its global brand strength, dominant position in the US specialty coffee segment, global diversification and significant scale. Starbucks' new and innovative product offerings, greater day part diversity, well accepted loyalty program and digital initiatives have resulted in strong and consistent operating earnings. Starbucks' credit profile also reflects its strong liquidity that provides it with the support to be able to manage through the current difficult global operating environment. The rating also reflects our view that Starbucks will maintain a conservative financial policy with regards to capital allocation and maintain its commitment to its publicly stated leverage target of under 3.0x. To that end, we expect Starbucks to suspended any further share repurchases for the remainder of fiscal 2024. Starbucks is constrained by heightened competition in its key markets, ongoing cost pressures related to labor and...

Starbucks Corporation - December 2023 (LTM): Peer Snapshot - Peer Snapshot – 2024/02/28 – US$ 750.00 – ...Baa1 Stable Baa1 Stable Baa2 Stable Ba2 Stable Starbucks Corporation Lowe's Companies, Inc. Darden Restaurants, Inc. Yum! Brands, Inc....

Moody's assigns Baa1 to Starbucks' proposed senior unsecured notes offering - Rating Action – 2024/02/05 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT...

Starbucks Corporation - October 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/12/20 – US$ 750.00 – ...Starbucks Corporation Lowe's Companies, Inc. Darden Restaurants, Inc. Yum! Brands, Inc. Baa1 Stable Baa1 Stable Baa2 Stable Ba2 Stable...

Starbucks Corporation - July 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/08/28 – US$ 750.00 – ...Starbucks Corporation Lowe's Companies, Inc. Darden Restaurants, Inc. Yum! Brands, Inc. Baa1 Stable Baa1 Stable Baa2 Stable Ba2 Stable...

Starbucks Corporation - April 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/05/25 – US$ 750.00 – ...Starbucks Corporation Lowe's Companies, Inc. Darden Restaurants, Inc. Yum! Brands, Inc. Baa1 Stable Baa1 Stable Baa2 Stable Ba2 Stable...