Article

2024-05-02 Economy

Customers Fed Up With Starbucks: 'You Want HOW MUCH for a Cup of Coffee???'

[PJ] Inflation has finally caught up to millions of people's morning routine — that half-double decaffeinated half-caf frappuccino with a twist of lemon concoction from their corner Starbucks.

Financial analysis firm The Kobeissi Letter looked at the Seattle-based purveyor of caffeinated treats (I hesitate to use the word "coffee") and found themselves asking, "What happened to Starbucks?"

Second-quarter results are now coming out, and Starbucks reported that "North America and U.S. comparable store sales declined 3%, driven by a 7% decline in comparable transactions." the company reported. The average ticket was slightly higher — but stick a pin in that thought because I'll come back to it in a moment.

Things were even worse in China, where "same-store sales plunged 11% with an 8% decline in the average order." China is Starbucks' second-largest market by sales volume after the U.S.

Starbucks shares were down as much as 15% today on the news.

Posted by Besoeker 2024-05-02 01:03|| || Front Page|| [11144 views ] Top

#1
For the price of 2 SB Grande coffees, I can purchase a Wally World <$12.95, small 2 cup coffee maker and a small can of coffee.

BTW: Anyone else noticed, the New 2019+ ground coffee in cans has a lot of color variations now? Like filler is being added.

However, given "Ingredients" listed on the coffee can usually just say "Coffee". Does non-Coffee Beans parts of the plant also count as coffee, under USDA listing rules?

Posted by NN2N1 2024-05-02 05:40|| 2024-05-02 05:40|| Front Page Top

#2 I get a 12 pack of WalMart brand Cinnamon Vanilla k-cups for $4.75 that lasts me all week, or up to two weeks if work isn't being TOO insane.

On the other hand, $4.75 won't even get me a cup at Starbucks, much less one with lousy coffee in it.

Did the math.

Mike

Posted by MikeKozlowski 2024-05-02 07:55|| 2024-05-02 07:55|| Front Page Top

#3 It's getting harder to squeeze the pee out of all those mermaids.

Posted by AlmostAnonymous5839 2024-05-02 10:22|| 2024-05-02 10:22|| Front Page Top

#4 7-11 and McDonalds have better tasting, and brew more consistent coffees. Consistency is important to branding.

I drink my coffee black and I have not received a decent cup of starbucks coffee since before they started serving breakfast. All the coffee shops have similar tasting black-no-sugar coffee anymore.

My theory is that burnt coffee has a bigger coffee flavor profile in those mixed sugary coffee drinks, and the sugar mellows burnt flavor down a few degrees to more palatable. That answers my why.

Anyways. Am not a fan of combo coffee and breakfast joints because the coffee always seems to decline as they refocus on foods, and once your black coffee flavor profile declines, there's no sugar or other crap that can hide it.

Posted by mossomo 2024-05-02 12:45|| 2024-05-02 12:45|| Front Page Top

#5 I've tasted instant that was better than Starbucks "coffee".

Posted by Old Patriot 2024-05-02 17:20|| 2024-05-02 17:20|| Front Page Top

#6 Wife gets the darkest, nastiest stuff at the store because after adding all the BS her beverage "still has a little coffee flavor."

People noticing their Five Dollar Footlong costs $11+.

Posted by swksvolFF 2024-05-02 18:26|| 2024-05-02 18:26|| Front Page Top

19:19 SteveS
17:49 magpie
15:50 Skidmark
15:50 swksvolFF
15:48 Skidmark
15:46 Skidmark
15:41 Skidmark
15:35 Skidmark
15:25 Skidmark
15:21 illeagle
14:41 Besoeker
14:16 trailing wife
14:12 swksvolFF
14:03 trailing wife
13:55 Skidmark
13:45 Silentbrick
13:40 DarthVader
13:35 swksvolFF
13:20 Skidmark
13:16 Skidmark
13:11 Skidmark
13:02 Skidmark
13:01 Skidmark
12:59 Skidmark