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Starbucks Starbucks announced on Monday that it plans to eliminate single-use plastic straws globally by 2020. The chain is rolling out more strawless lids, which are already in use for certain drinks, as well as developing new plastic-free straws. The announcement comes at a time when cold beverages are making up an increasing percentage of […]
Starbucks could be pricing itself out of the market, Bernstein warned clients on Tuesday. The firm says Starbucks coffee is priced about 38% higher than competitors, which is especially hurtful in the afternoon. With already high prices, Starbucks could struggle if the price of raw coffee beans increases. Follow Starbucks’ stock price in real-time here. […]
Getty Images/Zhang Peng Starbucks is closing all locations nationwide for the afternoon of May 29 for “racial-bias education” training. Rough calculations indicate the closures will cost Starbucks $ 12.4 million in lost sales. “I’ve always viewed this and things like this as not an expense, but an investment in our people and our company,” Executive Chairman […]
AP Photo/Ron Todt Arrests and harassment of people of color at chains have dominated the restaurant news cycle in recent weeks following the arrests of two black men at a Philadelphia Starbucks. The universality of eating at certain chains helps trigger convictions that while everyone visits certain restaurants, your race continues to impact your experience. […]
Twitter/@missydepino The two black men who were arrested in a Philadelphia Starbucks on April 12 have settled with the city for a symbolic $ 1 each. City officials have also promised to set up a program for young entrepreneurs. Their arrests set off a national debate about racial profiling. All Starbucks stores in the United […]
Rafi Letzter/Business Insider A judge has ruled that Starbucks must add cancer warnings to its coffee cups in California. A lawsuit, filed in 2010, accused coffee companies of violating state law by not warning consumers that a chemical in their products could cause cancer. Starbucks, along with other chains supported by the National Coffee Association, is […]
Alex Wong/Getty Images Starbucks has discontinued its mango and peach syrups, killing its peach green tea lemonade. Fans of the beverage are furious. The syrup was discontinued as Starbucks revamps it tea menu. Starbucks has cut its peach green tea lemonade from the menu — and people are furious. This week, people began posting […]
Dan R. Krauss/Getty Images Starbucks will report fourth quarter earnings after the bell on Thursday. Wall Street is expecting the Seattle-based coffee chain to post earnings of $ 0.55 per share on revenue of $ 5.81 billion, according to Bloomberg data. Analysts are also expecting adjusted net income of $ 795.52 million. Ahead of the earnings announcement, […]
Boyloso/Shutterstock A new study shows the average American Starbucks is within one mile of 3.5 other locations. To keep growing, it will need to look to less-saturated markets overseas. Starbucks may have hit a saturation point when it comes to opening its basic cafe units in the United States. A recent study from BMO Capital […]
REUTERS/Jason Redmond Morgan Stanley on Wednesday said that Starbucks’ stranglehold on the high-end coffee market is here to stay, despite some big names getting into the business. “Given the increasing importance of super premium chains to the category, investors–both public and private–are paying closer attention,” analyst John Glass said in a note. “Many of the […]
