Oct. 13, 2010 at 7:58 a.m.
Filed under:
Beverages,
Food,
Restaurants
Baristas participate in espresso training at Starbucks, Feb. 26, 2008. (Keith Bedford/Handout)
From the Wall Street Journal | Starbucks customers could be stuck in longer lines now that the company has told baristas to slow down and only work on two beverages at a time. The Wall Street Journal reviewed company documents instructing employees to steam milk for each drink individually, rising pitchers after each use and using only one espresso machine. The changes are designed to address criticisms about assembly-line coffee. Get the full story>>
Sep. 23, 2010 at 6:38 a.m.
Filed under:
Beverages,
Food
By Dow Jones Newswires-Wall Street Journal
A Starbucks store in New York. (AP)
After declaring its resolve last month to absorb increases in the cost of green coffee, Starbucks Corp. said it will raise prices on some of its drinks.
The Seattle coffee giant said Wednesday that the price of green Arabica coffee, which is close to a 13-year high, and price volatility for other raw materials it uses, such as dairy products sugar and cocoa, have forced it to respond. Get the full story »
Sep. 10, 2010 at 6:08 a.m.
Filed under:
Beverages,
Consumer news,
Food
By Associated Press
A trifecta of bad news has sent coffee futures soaring 44 percent since June, and companies like Dunkin’ Donuts, Green Mountain and Maxwell House are passing on those costs. Bad weather in South America is threatening crops. Brazil and top exporter Vietnam are talking about hoarding their stocks. And U.S. stockpiles are reportedly at 10-year lows. Get the full story »
Sep. 9, 2010 at 6:01 p.m.
Filed under:
Beverages,
Food,
Updated
By Emily Bryson York
Starbucks Corp. said it isn’t just dropping its small-sized drink from its drive-through locations throughout the country, it’s preparing for the future.
In addition to removing the 12-ounce “tall” from its drive-through menus, the Seattle-based coffee chain has added images of some newer items. Starbucks maintains the changes are in response to consumer confusion over its many offerings, from hot chocolate to oatmeal, as well as highly customizable coffee beverages. Get the full story »
Sep. 8, 2010 at 3:32 p.m.
Filed under:
Beverages,
Food
By Associated Press
Americans are getting more than just a jolt of caffeine with their coffee these days — the price is jumping, too.
Coffee for December delivery settled up 2.25 cents at $1.9455 a pound Wednesday after hitting a 13-year high of $1.9865 per pound earlier in the day. Get the full story »
Sep. 7, 2010 at 5:41 a.m.
Filed under:
Food,
Restaurants
By Associated Press
Burger King's new blueberry muffins. (AP/Burger King)
Burger King is introducing nine new breakfast items including blueberry biscuits and pancake platters and planning a major breakfast marketing blitz — all with an eye toward eating up some of McDonald’s morning business.
The chain said the move Tuesday is its biggest introduction of new items at one time ever. It also includes iced coffee from Seattle’s Best. Get the full story »
Aug. 30, 2010 at 8:03 a.m.
Filed under:
Beverages,
Food,
Packaged foods
By Emily Bryson York
Starbucks is adding four flavors to its Via instant coffee portfolio — vanilla, mocha, caramel and cinnamon spice — beginning this fall.
Via launched about a year ago with two black-coffee flavors: Italian roast and Colombia. The company has since added decaffeinated and iced coffee versions. Starbucks is new to flavored coffee, having launched Natural Fusions, its first flavored coffees earlier this summer. Get the full story »
Aug. 24, 2010 at 5:09 p.m.
Filed under:
Beverages,
Environment,
Food,
Green,
International
Coffee chain Starbucks plans to introduce the exotically-named Galapagos San Cristobal, the first in its new Reserve line, next Monday at 700 select stores. These coffees are characterized by “high quality, small quantity and unique stories,” said Anthony Carroll, Starbucks’ manager of green coffee quality. He flew in to Chicago Tuesday to offer an advanced taste of the special coffee at a Starbucks in the Loop.
Aug. 20, 2010 at 1:34 p.m.
Filed under:
Beverages,
Earnings,
Food,
Packaged foods
By Associated Press
J.M. Smucker Co.’s net income rose 5 percent in its fiscal first quarter on lower costs, though the company was squeezed by higher coffee bean prices and price competition on store shelves.
The maker of Jif peanut butter, Folgers coffee and other foods said Friday that it earned $102.9 million, or 86 cents per share, for the quarter. That’s up from $98.1 million, or 83 cents per share, a year earlier. Get the full story »
Aug. 17, 2010 at 12:26 p.m.
Filed under:
Beverages,
Food,
Retail
By Reuters
Starbucks Corp. has no plans to hike prices, though higher coffee costs are expected to weaken profit in the upcoming fiscal year, the company said Tuesday.
The world’s biggest cafe chain repeated its fiscal 2011 profit target of $1.36 to $1.41 a share, which includes an expected hit of 4 cents primarily from higher coffee prices. Starbucks’ 2011 fiscal year begins Oct. 5. Get the full story »
Aug. 6, 2010 at 1:59 p.m.
Filed under:
Food
By Reuters
Kraft Foods raised the list price on select Maxwell House and Yuban ground and instant coffees in the United States, a spokeswoman said on Friday. The increases are 30 cents per lb equivalent on ground coffees and 2-1/2 cents per ounce on instant, said Bridget MacConnell, Kraft spokeswoman. Get the full story »
Aug. 6, 2010 at 11:51 a.m.
Filed under:
Food,
Green,
Restaurants
By Reuters
Starbucks Corp. began testing summer drinks with a base of green, unroasted coffee this week as it works on new products to drive sales and differentiate itself from rivals like McDonald’s Corp .
The drinks, called “Refreshers,” will be sold at 113 company-operated cafes around San Diego and priced from $2.50 to $2.95. Starbucks’ vice president of global beverage, Julie Felss Masino, said they are made of fruit and low in calories and caffeine.
Ingredients include a “flavor neutral” powdered extract made from unroasted green coffee and formulated to have less of a caffeine kick than regular coffee, she said. “It’s coffee that doesn’t taste like coffee,” she said. Get the full story »
Aug. 3, 2010 at 7:57 a.m.
Filed under:
Food
By Reuters
J.M. Smucker Co hiked the list price for most of its Folgers, Dunkin’ Donuts, Millstone and Folgers Gourmet Selections coffees sold in the U.S. retail market, effective immediately, the company said Tuesday.
Folgers is considered the trendsetter in coffee price changes and major U.S. roasters like Kraft, which owns Maxwell coffee, typically follow suit. Get the full story »
July 21, 2010 at 3:50 p.m.
Filed under:
Earnings,
Food,
Retail
By Reuters
The Seattle-based chain, which has just completed a restructuring, raised its fiscal 2010 earnings target to $1.22 to $1.23 per share, from $1.19 to $1.22 per share previously. Analysts on average were looking for a profit of $1.23 for the fiscal year ending September 2010. Get the full story »
June 29, 2010 at 1:21 p.m.
Filed under:
Consumer news,
Food
By McClatchy Tribune Newspapers
Starbucks is finding new ways to use the 3 billion paper cups its customers use each year, even in cities where recycling is not popular or mandated. This fall, it will send cups used at its Chicago stores to Green Bay, where a Georgia Pacific paper mill will turn them into Starbucks napkins. Get the full story »
