Starbucks Newsroom

Starbucks Opens First Store in Finland at Helsinki Airport

Mon, 14 May 2012 00:00:00 EST

Helsinki, Finland, May 14, 2012 – Starbucks Coffee Company (NASDAQ: SBUX), and  SSP, the leading dedicated provider of food and beverage brands in travel locations worldwide, today announced the opening of the first Starbucks store in Finland at Helsinki Airport, conveniently located in Terminal 2, Arrivals Hall 2B. The store will open its doors to the public on Tuesday, May 15. With today’s announcement, Starbucks further extends its presence across the Nordic markets.

Starbucks Appoints Former Defense Secretary Robert Gates to Board of Directors

Wed, 02 May 2012 06:00:00 EST

SEATTLE, May 02, 2012 - Starbucks Corporation (NASDAQ:SBUX) announced today that Robert M. Gates, former U.S. Secretary of Defense and current chancellor of the College of William & Mary, was elected to the Starbucks Board of Directors. He will serve on the Board’s Nominating and Corporate Governance Committee.

“We are honored and humbled to be adding this distinguished American leader to Starbucks Board of Directors,” said Howard Schultz, chairman, president and ceo. “Secretary Gates has devoted his life to serving our country and our next generation of leaders and public servants. His unique global perspective and more than four decades of distinguished public service will complement and strengthen our Board as we accelerate our global growth and expand our commitment to the communities where we do business all around the world.”

 

Starbucks Introduces New Frappuccino® Blended Beverage Flavors; Invites Customers to Create Their Own “Frappuccino Remix” Experience

Tue, 01 May 2012 03:00:00 EST

SEATTLE, May 01, 2012 - Starbucks (NASDAQ:SBUX) today launched two new Frappuccino^® beverages for the summer and brought back old favorites, allowing customers in participating stores to try out the new beverages starting today. Customers can enjoy two new delicious Frappuccino^® blended beverage flavors – Mocha Cookie Crumble and Chocolate Cookie Crumble Crème.

The new offerings will be available in U.S. and Canada company-operated and licensed Starbucks stores for a limited time this summer. Also returning are customer favorites – the Mocha Coconut Frappuccino^® and the Coconut Crème Frappuccino^® blended beverages.

 

Starbucks Reports Record Second Quarter Fiscal 2012 Results

Thu, 26 Apr 2012 13:00:00 EST

SEATTLE, April 26, 2012 - Starbucks Corporation (NASDAQ:SBUX) today reported financial results for its 13-week fiscal second quarter ended April 1, 2012.

Fiscal Second Quarter 2012 Highlights:

Total net revenues increased 15% to $3.2 billion

Global comparable store sales increased 7%, driven by a 6% increase in traffic and a 1% increase in average ticket

EPS increased 18% to $0.40 per share, compared to $0.34 per share in Q2 FY11

Channel Development revenues increased 57%, driven by sales of Starbucks- and Tazo-branded K-Cup® packs and the benefit of recognizing the full revenue from packaged coffee sales under the direct distribution model

Starbucks opened 176 net new stores globally, including its 3,000^th store in the China/Asia Pacific segment, its first store in Norway and the first Evolution Fresh™ store in Bellevue, Wash.

"Starbucks record Q2 performance demonstrates the strength of our business, the increasing power and global relevance of our brand and the success of our unique Blueprint for Profitable Growth business strategy," said Howard Schultz, chairman, president and ceo. "In Q2 we expanded our retail presence, recorded our seventh consecutive quarter of over 20% sales growth in China, introduced new products into multiple channels and more than offset high legacy commodity costs through increased efficiencies. I could not be more excited or more optimistic about the future of our company as we pursue disciplined, profitable growth all around the world," Schultz added.

 

Limited Release of Starbucks Reserve® Organic Galápagos San Cristóbal Coffee at Select Starbucks Retail Locations

Tue, 24 Apr 2012 03:00:00 EST

Starbucks Reserve® announces the return of Organic Galápagos San Cristóbal, available for the first time at Starbucks since 2010. This exquisite selection is harvested from the farm Hacienda “El Cafetal” which only produces a small lot of 4,000 bags of coffee each year. Influenced by the rich nutrients brought to the Galápagos Islands by the Humboldt Current, the island’s intense sun, fresh-water springs and volcanic soil, Starbucks Reserve® Organic Galápagos San Cristóbal features herbal flavor notes with juicy acidity and a soft chocolate mouthfeel.

 

Available for a limited time at select stores featuring the Starbucks Reserve® coffee line, Starbucks will offer Organic Galápagos San Cristóbal coffee in half pound whole bean coffee to make at home for $15 /U.S. and $17/CAN. This coffee can also be enjoyed in-store by the cup through the Clover® brewing system, a tall (12 fl. oz.) cup of brewed coffee starts at $2.95/ U.S. and $2.95 /CAN.

 

The Starbucks Experience Comes to Disney Theme Parks

Mon, 23 Apr 2012 07:30:00 EST

SEATTLE & LAKE BUENA VISTA, Fla., April 23, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) and Walt Disney Parks and Resorts today announced that Starbucks will soon be available at all Disney theme parks at Disneyland Resort in Anaheim, Calif., and Walt Disney World Resort in Lake Buena Vista, Fla.

This summer, the first of six Starbucks cafés will open at Disney California Adventure. The additional stores are planned for Disneyland Park and Walt Disney World Resort, including locations at Magic Kingdom, Epcot, Disney’s Hollywood Studios, and Disney’s Animal Kingdom.

 

Starbucks Strengthens Commitment to Being the Employer of Choice in China

Wed, 18 Apr 2012 00:00:00 EST

BEIJING, April 18, 2012 - As Starbucks (NASDAQ: SBUX) continues to accelerate its plans toward making China its second home market, the company today announced a series of new initiatives aimed at further differentiating Starbucks as the employer of choice in this important market. This employee (partner) investment, together with Starbucks commitment to build thriving communities, will continue the rapid growth the company has seen in China over the previous decade.

Howard Schultz, chairman, president and chief executive officer of Starbucks, will join more than 1,200 Starbucks partners and their parents and family members at two separate Starbucks Partner Family Forums in Beijing and Shanghai. Themed “Growing Together”, the event is the first of its kind for the company and it recognizes the special role Chinese families traditionally play, while highlighting the commitment by Starbucks to grow and develop its partners.

 

Evolution Fresh™ Bottled Beverages Arrive at Select Starbucks Locations in Seattle

Tue, 17 Apr 2012 03:00:00 EST

The fresh-picked and delicious juices from Evolution Fresh™ are now available in bottled beverages at select Seattle Starbucks locations. Evolution Fresh™ juices contain fruits and vegetables that are squeezed and pressed fresh, bottled cold and never heated and without any artificial flavors and colors, to bring fresh-picked flavor and nutrition in every sip. 

To celebrate the roll out, Evolution Fresh™ juices will be sampled at select Starbucks stores, the Evolution Fresh retail store in Bellevue, and area Whole Foods and PCC stores on April 20-21 and April 27-28, 2012.

Evolution Fresh™ recently introduced a refreshed brand which clearly reflects the vibrancy of real, pure ingredients and products, and opened its first retail store in Bellevue, Wash.

Evolution Fresh™ bottled beverages are available at select Seattle Starbucks locations and grocery stores in the U.S., as well as at the Evolution Fresh retail store.

Starbucks Personalizes Approach to Community Involvement

Thu, 12 Apr 2012 07:00:00 EST

SEATTLE, April 12, 2012 - Over the past 40 years, Starbucks (NASDAQ:SBUX) has committed to inspiring and investing in community action around the world, empowering partners (employees) and customers to personalize their involvement. Throughout the month of April, Starbucks celebrates its commitment to community by hosting the company’s second annual Global Month of Service as well as launching a new Community Card: Vote.Give.Grow. program. Through the Vote.Give.Grow. program, The Starbucks Foundation is investing $4 million dollars into local U.S. communities through grants to more than 120 nonprofits operating in these neighborhoods. Starbucks is inviting its partners and customers to help direct this funding by voting on local nonprofits in their community throughout the month of April.

 

Starbucks Announces Q2 Fiscal Year 2012 Results Conference Call

Wed, 11 Apr 2012 00:00:00 EST

SEATTLE; April 11, 2012 – Starbucks Corporation (NASDAQ: SBUX) plans to release its second quarter fiscal year 2012 financial results after the market close on Thursday, April 26, 2012, with a conference call and webcast to follow at 2:00 p.m. PT.  The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com.  A replay of the webcast will be available on the company’s website until end of day Friday, May 25, 2012.

Cash in on Free Coffee as Tax Day Approaches with Seattle’s Best Coffee® and the ‘Great American Coffee Refund’ on Facebook

Tue, 10 Apr 2012 06:00:00 EST

SEATTLE (BUSINESS WIRE), April 10, 2012 - As the deadline for filing taxes is quickly approaching, here’s a last minute tip: don’t forget to cash in on the Great American Coffee Refund. During the final push to Tax Day, Seattle’s Best Coffee, part of Starbucks Corporation (NASDAQ: SBUX), is offering a perk – free coffee – with the Great American Coffee Refund: the first 100,000 people to claim their Coffee Refund on Facebook will receive a free sample of Seattle’s Best Coffee. Just like paper check refunds from the IRS, the Coffee Refund will be delivered straight to taxpayers’ mailboxes.

“Any way you crunch the numbers, Tax Day deadlines are stressful for millions of Americans,” said Chris Bruzzo, chief marketing officer for Seattle’s Best Coffee. “We hope that the Great American Coffee Refund will help make Tax Day a little brighter for the hardworking Americans filling out forms for Uncle Sam.”

 

Afternoons at Starbucks are a Little Sweeter with Four New Satisfying Treats

Mon, 09 Apr 2012 00:00:00 EST

Through April 22 at participating stores, customers can purchase of any two Starbucks Petites for only $2 (plus tax, if applicable). Starbucks Petites™ are perfectly-sized to fulfill an afternoon craving –they’re deliciously small sweets that are surprisingly satisfying.

Google Offers and Banana Republic to Support Create Jobs for USA Fund

Tue, 03 Apr 2012 05:30:00 EST

SEATTLE, April 03, 2012 - Google Offers and Banana Republic are joining with Starbucks Coffee Company (NASDAQ:SBUX) and Opportunity Finance Network® (OFN) to support Create Jobs for USA, an innovative program enabling Americans to help Americans get back to work.

Tomorrow, Google Offers (www.google.com/offers) will run an exclusive Starbucks offer featuring a $10 Starbucks Card eGift for $5. In support of the Create Jobs for USA Fund, Google Offers will donate $3 for each offer sold to OFN, up to $3 million.

Banana Republic will support the program with two special shopping events during the year. During the events customers will receive 25 percent off their purchases in Banana Republic stores in the United States and at www.bananarepublic.com. Banana Republic will donate five percent of the total purchases during these events to OFN in support of the Create Jobs for USA Fund, up to $500,000 from each special event for a total of up to $1 million. The first event will run Thursday, April 19 – Sunday, April 22.

 

Starbucks Believes that China Will be Second Largest Market by 2014

Sun, 01 Apr 2012 00:00:00 EST

BOAO, CHINA, April 1, 2012 – Starbucks Coffee Company (NASDAQ: SBUX) today reiterated that China will remain the focal point of its international expansion efforts. Speaking at the sidelines of the Boao Forum for Asia Conference 2012, John Culver, president, Starbucks China and Asia Pacific confirmed that Starbucks believes its operations in China will be its second largest, outside of the United States, by 2014. In addition, Starbucks is confident that it will exceed 1,500 stores, across China, by 2015.

Starbucks Releases 11th Annual Global Responsibility Report at Annual Meeting of Shareholders

Wed, 21 Mar 2012 11:00:00 EST

SEATTLE, March 21, 2012 - At its Annual Meeting of Shareholders, Starbucks Coffee Company (NASDAQ: SBUX) today announced the availability of its 11th annual Global Responsibility Report, outlining fiscal year 2011 performance in its effort to help communities thrive through ethical sourcing, environmental stewardship and community engagement. The interactive report is now available online at www.starbucks.com/GRreport.

“The release of this year’s report at the Annual Meeting underscores our belief that the value of our company is directly connected to the values of our company,” said Vivek Varma, Starbucks executive vice president of Public Affairs. “We believe it’s critical that companies – including Starbucks – share the values of our customers and partners (employees) and demonstrate our commitment to those values in impactful ways that help our communities and planet thrive.”

 

Starbucks Announces Beverage Innovation Using Green Coffee Extract with Starbucks Refreshers™ Beverage Platform

Wed, 21 Mar 2012 10:45:00 EST

SEATTLE, March 21, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) today announced plans for a global entry into the energy category with Starbucks Refreshers™ beverages – making Starbucks the first to bring green coffee extract innovation to customers on a global scale. Starbucks Refreshers™ beverages are a breakthrough innovation that deliver thirst-quenching refreshment from real fruit juice and a boost of natural energy from a new source, green coffee extract. The new beverage platform gives the company an opportunity to introduce a completely new offering globally – yet another proof point of how Starbucks is executing its growth strategy.

“The launch of new products such as Starbucks VIA® Ready Brew, Starbucks® Blonde Roast Coffees and customizable Frappuccino are great examples of how we continue to leverage our coffee expertise. If anyone was going to innovate in coffee while delivering on an untapped energy and refreshment need state, it would be Starbucks,” said Annie Young-Scrivner, global chief marketing officer for Starbucks and president, Tazo Tea. “The energy category is the fastest growing category within measured CPG channels at $8 billion, up 16 percent over the last year^*. The launch of Starbucks Refreshers™ beverages continues to support our growth strategy to innovate with new products, enter new categories, and expand into new channels of distribution.”

 

Starbucks Spotlights Connection Between Record Performance, Shareholder Value and Company Values at Annual Meeting of Shareholders

Wed, 21 Mar 2012 10:00:00 EST

SEATTLE, March 21, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) today held its Annual Meeting of Shareholders in Seattle, where Howard Schultz, chairman, president and ceo attributed the company’s success to its long-standing commitment to helping communities thrive wherever around the world it does business.

“For any company operating today, profitability cannot be the sole measure of success,” Schultz said. “Delivering long-term shareholder value is essential. But today’s increasingly complex world requires companies – including Starbucks – to hold ourselves to higher standards. Amidst continued worldwide economic uncertainty, Starbucks has demonstrated that it will continue to build shareholder value, but never before has that value been more closely aligned to our values. Simply put, the value of your company is driven by your company’s values.”

 

Starbucks and Green Mountain Coffee Roasters, Inc. Expand Strategic Relationship

Wed, 21 Mar 2012 06:15:00 EST

SEATTLE & WATERBURY, Vt., March 21, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) and Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffee makers, today announced the expansion of their strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks-branded Vue^™ packs for use in GMCR’s recently introduced Keurig^® Vue^™ Brewer.

“We are proud to expand our relationship with Green Mountain Coffee Roasters and are looking forward to working with our colleagues at GMCR to further accelerate growth in premium single-serve coffee,” said Jeff Hansberry, president, Channel Development, for Starbucks. “Premium single cup is the fastest-growing segment of global coffee, and the expansion of our relationship with GMCR allows us to grow further, faster, in the single cup category.”

 

Seattle’s Best Coffee Picks Chicago for Launch of New Coffee Drive-Thru Concept

Mon, 19 Mar 2012 03:00:00 EST

CHICAGO (BUSINESS WIRE), March 19, 2012 - Seattle’s Best Coffee, part of Starbucks Corporation (NASDAQ: SBUX), today opens the doors -- and drive-thru window -- of its new coffee drive-thru concept in Northlake, Ill. Designed to meet the needs of the more than 36,000 commuters in the suburban Chicago neighborhood, the concept boasts never-before-seen coffee beverages, freshly-baked food items and other car-friendly sandwiches and snacks.

 

Evolution Fresh Revolutionizes $3.4 Billion Cold-Crafted Juice Category with the Opening of Its First Store

Mon, 19 Mar 2012 00:00:00 EST

SEATTLE, March 19, 2012 - Four months after acquiring Evolution Fresh, Inc., Starbucks Coffee Company (NASDAQ:SBUX) today announced the opening of the first Evolution Fresh™ store and the transformation of the brand’s look and feel to better reflect the pure, natural ingredients in each beverage and its strategic expansion and growth. The Bellevue, Wash. store opening and refreshed branding positions Evolution Fresh as a leader in the $3.4 billion and growing cold-crafted juice category and furthers its commitment to evolve and enhance the customer experience with innovative and wholesome products.

 

Starbucks to Webcast 2012 Annual Meeting of Shareholders

Fri, 16 Mar 2012 00:00:00 EST

SEATTLE; March 16, 2012 – Starbucks Corporation (NASDAQ: SBUX) will hold its 2012 annual meeting of shareholders on Wednesday, March 21, 2012 at 10:00 a.m. PT. The event will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com. A replay of the webcast will be available on the company’s website until Wednesday, April 25, 2012.

Starbucks Appoints New Chief Digital and Information Officers

Fri, 09 Mar 2012 05:00:00 EST

SEATTLE, March 09, 2012 - Starbucks Coffee Company (NASDAQ: SBUX) today announced the promotion of two senior leaders as the company continues to innovate in the way it engages, recognizes and rewards customers and partners (employees) through meaningful digital experiences. Adam Brotman was appointed chief digital officer and Curt Garner was named chief information officer.

“Over the past several years, there has been a seismic shift in consumer behavior in large part because of the rapid adoption of social and digital media as a primary means of connection and communication,” said Howard Schultz, Starbucks chairman, president and ceo. “At Starbucks, we have recognized this shift and have made it a priority to establish a position on the leading edge of innovation and are now taking this a step further. Adam, Curt and their respective teams will continue to lead the way as we accelerate our digital and technology investments.

Verismo® System by Starbucks, A New Premium Single Cup Solution for At-Home Espresso and Coffee Beverages, to Debut Just in Time for the Holidays

Thu, 08 Mar 2012 13:00:00 EST

SEATTLE, March 08, 2012 - As part of its commitment to bring exceptional coffee and espresso beverages to its customers, Starbucks Coffee Company (NASDAQ:SBUX) today announced the first at-home premium single cup machine that meets its commitment to taste and quality, the Verismo® system by Starbucks. The Verismo® system by Starbucks crafts both Starbucks-quality espresso beverages, from lattes to americanos, and brewed coffee consistently and conveniently one cup at a time.

Starbucks latest premium single cup innovation combines Starbucks signature Espresso Roast and drink recipes with precise Swiss engineering and a patent-pending high pressure extraction capability, giving customers the ability to create Starbucks-quality beverages. Through a strategic relationship with privately-held, Germany-based Krueger GmbH & Co. KG, Starbucks will market and sell the premium Verismo® system by Starbucks and Starbucks-sourced 100 percent arabica coffee and milk pods starting this fall.

Starbucks to Announce New Initiative in the Premium Single Cup Category Today

Thu, 08 Mar 2012 06:00:00 EST

TO JOIN THE WEBCAST AT 2:00 P.M. PST, PLEASE CLICK HERE

SEATTLE, March 08, 2012 - As part of its commitment to bring exceptional coffee to its customers, Starbucks Coffee Company (NASDAQ:SBUX) will today announce a new strategic initiative in the Premium Single Cup Category.

Webcast Information

Starbucks chairman, president and ceo Howard Schultz and Starbucks president, Channel Development, Jeff Hansberry, will host a webcast today at 2:00 p.m. PST. A simultaneous webcast will be available and subsequently archived at Starbucks Newsroom at http://news.starbucks.com.

Starbucks Celebrates Spring with Familiar Coffee Favorites and Four New Starbucks Petites

Tue, 06 Mar 2012 00:00:00 EST

SEATTLE, March 05, 2012 - Starbucks Coffee Company (NASDAQ:SBUX) offers a wide variety of deliciously handcrafted espresso beverages that customers can personalize – hot or iced – anytime of the day that is uniquely their own. There are more than 170,000 ways baristas can customize beverages at Starbucks, from a variety of fresh dairy selections to any combination of syrups, toppings, or just by adding extra shots. From March 8-14, Starbucks will feature a limited-time beverage offer to encourage customers to discover new espresso favorites. Customers can buy any espresso beverage before 11 a.m. and bring back their receipt to enjoy any hot or iced espresso beverage for half price after 2 p.m. that same day.

 