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☆ Starbucks stock is cheap. Here's why we're not planning to buy more of it yet
▼ + stars: | 2024-03-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Investors have lost their taste for Starbucks stock as the company faces headwinds in key markets across the globe. SBUX .SPX YTD mountain Starbucks' year-to-date stock performance compared with the S & P 500. At this point, the question is whether the possibility of a weak quarter and lowered guidance are already priced into Starbucks' stock. In light of the report, we lowered our price target on Starbucks stock to $115 per share from $125, but maintained our 1 rating. A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.

Persons: Jeff Marks, Michael Conway, Brady Brewer, Laxman Narasimhan, it's, Rachel Ruggeri, Morgan Stanley, reshuffling, Wells, Jim Cramer's, Jim Cramer, Jim, Kevin Dietsch Organizations: Down, North, Starbucks International, Starbucks, Deutsche Bank, CNBC, Starbucks Workers, D.C, Getty Locations: U.S, China, Israel, North America, America, Europe, Starbucks China, Wells, Starbucks, Dupont Circle, Washington

☆ Fast-food diners are using loyalty apps to get deals on cheap — or free — food as prices soar
▼ + stars: | 2024-03-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

More diners are using restaurant loyalty apps to get cheap or free food. AdvertisementDiners are turning to fast-food loyalty apps for cheaper meals as years of price hikes catch up with customers. Many restaurant apps give diners points based on how much they spend, which can be redeemed for free food. AdvertisementPeople on Reddit say they're using loyalty apps to save money and get free meals. Some restaurant apps give diners points based on how much they spend.

Persons: McDonald's, —, Wendy's, Taco Bell, I've, Chipotle Martin Jennings, Jennings, Warren Colehour, Sharon Zackfia, William Blair, Annie Smith, Chris Kempczinski, Joe Erlinger, Erlinger, Laxman Narasimhan, Brady Brewer Organizations: Starbucks, Service, Bell Locations: Florida, Kentucky, Canada

☆ Starbucks says it's fixing a customer frustration: ordering drinks to the wrong pickup location
▼ + stars: | 2023-11-03 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +2 min

Starbucks says it's rolling out a fix to prevent customers from ordering drinks to the wrong pickup location. AdvertisementAdvertisementStarbucks says it's fixing a common customer frustration: ordering drinks to the wrong pickup location. "So we recently improved the ability for people to select a store and significantly reduce the orders that are sent to the wrong store." Ordering a drink to the wrong pickup location isn't just inconvenient for customers. These mistakenly placed orders are "our most frequent refund requests," Niccol said.

Persons: aren't, —, Brady Brewer, Brian Niccol, Chipotle, Niccol Organizations: Starbucks, Service Locations: Chipotle

☆ Teens love Starbucks for these 4 reasons
▼ + stars: | 2023-10-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

American teens have an enduring love for Starbucks. The coffee chain has consistently ranked high in a semiannual survey of teens' favorite brands. It offers four things that teens love: a place to hang, cold coffee, customization, and mobile ordering. "Starbucks gaining slightly among upper income and all teens points to its grasp on teen consumer trends." Starbucks is notably more popular among wealthy teens, of which 16% ranked it as their favorite, but 12% of average-income teens also told Piper Sandler it was their preferred restaurant chain.

Persons: —, Piper Sandler, Brian Mullan, it's, Brady Brewer, Brewer Organizations: Starbucks, Service

☆ Coffee chains are betting big on cold drinks as Gen Z turns its back on old-school coffees
▼ + stars: | 2023-08-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Cold drinks tend to cost more, but they can also cause headaches for staff. Cold drinks account for 75% of Starbucks' beverage sales. "The team is making good progress with its efforts to become a bigger player in the high-growth cold beverage category and saw cold beverage sales grow 16.6% year-over-year," Restaurant Brands International CEO Josh Kobza said. Tim Hortons' cold drinks menu looks remarkably like Starbucks' – especially in the US. Cold drinks can potentially reap higher profits for coffee chains because they tend to cost more and some customers opt for costly modifications.

Persons: Tim Hortons, Laxman Narasimhan, Josh Kobza, Kobza, Tim Hortons execs, Howard Schultz, Brady Brewer, Brewer, Baristas Organizations: Starbucks, Service, Brands Locations: Wall, Silicon, Canada, Maryland, Nebraska

Mobile ordering and delivery have boosted Starbucks' bottom line and have become an incremental and growing part of the business. Starbucks would not share specifics on the size of its delivery business but has previously said the segment has seen a 20% year-over-year growth. CloudKitchens, which rents small, private kitchen bays that share a reception, offers one solution to delivery growth. Starbucks plans to open the San Francisco ghost kitchen on August 22 and operate it from 7am to 6pm, per a March filing with the city. The ghost kitchen will not sell alcohol.

Persons: Uber, —, Travis Kalanick, Laxman Narasimhan, Travis Kalanick Steve Jennings, CloudKitchens, Pat Grismer, Brady Brewer, Gloria Dawson, Darius Rafieyan, Meghan Morris Organizations: Starbucks, Service, CloudKitchens, Mobile, Buffalo Wild Wings, Getty, TechCrunch, Food Locations: Francisco, San Francisco, China, New York

☆ Some Starbucks customers are complaining the company's new olive oil-infused coffee drink is making them run to the bathroom
▼ + stars: | 2023-04-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

CNN —Starbucks is betting big on olive oil infused coffee, hoping customers will be enticed by the anomaly and the health benefits of extra virgin olive oil. Science behind the painOlive oil is a staple in Mediterranean culture and some drink bits of olive oil in the region daily. But the Starbucks drink has a potentially fragile combination: caffeine, which is a stimulant, and olive oil, which is a relaxant. Former CEO Howard Schultz picked up this habit himself from olive oil producer Tommaso Asaro while in Sicily, Italy. “He thought it was a little strange.” Asaro is the chairman of United Olive Oil, through which Starbucks is sourcing its olive oil.

☆ Starbucks is launching olive oil-infused coffee in Italy, plans U.S. release this spring
▼ + stars: | 2023-02-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

In this article SBUX Follow your favorite stocks CREATE FREE ACCOUNTStarbucks initial Oleato launch will launch three olive oil-infused drinks in stores across Italy. Source: StarbucksStarbucks has a new way to customize its coffee: olive oil. He, too, began drinking olive oil alongside his daily coffee and decided that Starbucks should try to mix the two together. Celebrities including Kourtney Kardashian have endorsed drinking it, while startups like Saint Supply are selling their own olive oil expressly for drinking, not cooking. The upscale coffee megastores were meant to help Starbucks compete with the likes of Intelligentsia Coffee and Blue Bottle Coffee.

☆ Starbucks’ new drinks have a spoonful of olive oil in every cup
▼ + stars: | 2023-02-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +9 min

There’s an Oleato latte with oat milk and olive oil, an Oleato ice shaken espresso with oat milk, hazelnut flavor and olive oil, and the Oleato golden foam cold brew, made with a version of Starbucks’ sweet milk foam infused with two olive oil servings. Starbucks Oleato drinks are made with exra virgin olive oil. Coming full circleLast year Schultz met olive oil producer Tommaso Asaro, who introduced him to the practice of consuming a tablespoon of olive oil each day. “He thought it was a little strange.” Asaro is the chairman of United Olive Oil, through which Starbucks is sourcing its olive oil. Howard Schultz and Tommaso Asaro, chairman of United Olive Oil, which produces the Partanna olive oil that Starbucks is using for Oleato.

☆ 'Line balk' is one of the biggest obstacles facing popular chains like Starbucks and Chick-fil-A — here's what it is and how they're fighting it
▼ + stars: | 2022-09-19 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Starbucks and Chick-fil-A executives have said that long drive-thru lines keep away customers. Long drive-thru lines are "one of the number one reasons for not visiting Starbucks," Chief Marketing Office Brady Brewer told investors in Seattle at the company's investor day on September 13. Potential customers see the long line from the road and decide not to join, or leave from the end of the line before ordering, which is referred to as "line balk," at Starbucks, Brewer said. Chick-fil-A famously deals with the same problem, with its long lines regularly making headlines and frustrating local lawmakers and neighboring business owners. In 2021, exiting CEO Dan Cathy said how much business lines could be costing the chain.

☆ 'Line bulk' is one of the biggest obstacles facing popular chains like Starbucks and Chick-fil-A — here's what it is and how they're fighting it
▼ + stars: | 2022-09-17 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

Starbucks and Chick-fil-A executives have said that long drive-thru lines keep away customers. Long drive-thru lines are "one of the number one reasons for not visiting Starbucks," Chief Marketing Office Brady Brewer told investors in Seattle at the company's investor day on September 13. Potential customers see the long line from the road and decide not to join, or leave from the end of the line before ordering, which is referred to as "line bulk," at Starbucks, Brewer said. Chick-fil-A famously deals with the same problem, with its long lines regularly making headlines and frustrating local lawmakers and neighboring business owners. In 2021, exiting CEO Dan Cathy said how much business lines could be costing the chain.

☆ Starbucks is finally upgrading its locations inside airports and Kroger to be more like the chain's other cafes
▼ + stars: | 2022-09-15 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +2 min

Locations in airports and grocery stores will get Starbucks rewards and mobile ordering. Starbucks rewards members make up about half of all transactions. As a commitment to creating the same experience at all stores, Starbucks will extend a program called Starbucks Connect across licensed stores that will bring those benefits. Starbucks has 7,000 licensed stores in North America, making up about a third of total stores as of August 2022. One in 10 US adults is a Starbucks rewards member, Starbucks said.

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