May 3, 2012 |
Green Mountain Coffee Roasters Inc. lost almost half its stock-market value Thursday after disappointing second-quarter results heightened concerns about the company's growth prospects. Shares of the onetime market darling slumped 48%, sinking to $25.87. Green Mountain, which makes single-serve Keurig coffee machines and K-Cup coffee packs, traded at nearly $112 last September. After the close of trading Wednesday, Green Mountain reported sales that were far short of expectations: $885.1 million, compared with the consensus estimate of $971.7 million.
September 20, 2012 |
Starbucks this week launched its new Verismo single-cup machine for the coffee-buzzed public as a chain known for its cafes continues to expand into new business venues. Now selling exclusively on Verismo.com, the high-pressure technology uses pods of real milk to make espressos, lattes and regular brewed coffee. In early October, the products will hit many Starbucks retail stores and specialty retailers such as Williams-Sonoma. Competitors likely aren't pleased. The one-cup market is the fastest-growing segment of the coffee market, according to Jeff Hansberry, Starbucks' president of channel development.
April 19, 2012 |
Your Strawberries & Creme frappuchino will no longer feature a splash of bug - enough customers didn't want to slurp crushed cochineal insects that Starbucks Corp. is ditching the red dye used in their making. The Mexican and South American tropical creepy-crawlies were dried and then processed into a coloring product that gave some Starbucks goods - including strawberry banana smoothies, raspberry swirl cakes, birthday cake pops, mini doughnuts with pink icing and red velvet whoopee pie - their rosy hue. But it wasn't vegan.
April 23, 2012 |
Disney this summer will truly become the happiest place on Earth for Starbucks devotees, who will no longer have to suffer caffeine withdrawal when they visit some of the mouse-eared amusement parks. In June, the first of six Starbucks cafes will open at Anaheim's Disney California Adventure in the park's Fiddle, Fifer & Practical Café on Buena Vista Street. In keeping with the café's 1920's Los Angeles vibe, Starbucks baristas will be clad in appropriate vintage attire.
July 20, 2012 |
There's a new kind of Starbucks coming to California: The coffee chain is planning to set up one of its Evolution Fresh Inc. juiceries in San Francisco this fall. The Seattle company already operates hundreds of coffee outlets around the Golden State. But the Evolution Fresh location in the Bay Area will be the first of its kind outside Washington. Starbucks on Friday opened its second juice store in downtown Seattle, a few months after launching the chain in Bellevue, Wash. The company is planning to open yet another in Seattle soon.
June 20, 2012 |
StarbucksCoffee Co. plans to continue expanding beyond its coffee cafes with its first stand-alone tea shop, which will operate under the company's Tazo brand. The store will open in the fall near Starbuck's Seattle headquarters and will feature a staffed blending bar where customers can mix their own tea from more than 80 loose-leaf choices along with iced teas, tea lattes and full-leaf tea sachets. To pair with the tea, the location in Seattle's University Village will also sell packaged chocolates, infused sugars and honey.