Tagged: coffee

If you have a daily Starbucks fix, you’re not alone. The company took in $3.6 billion in revenue in the most recent quarter. 

Starbucks added 590 stores around the world— including Ho Chi Minh City—in the first three months of this year. And they weren’t just coffee shops; more than 300 were tea shops that Starbucks acquired through its purchase of Teavana.

Coffee is a powerful beverage. On a personal level, it helps keep us awake and active. On a much broader level, it has helped shape our history and continues to shape our culture.

Coffee plants grow wild in Ethiopia and were probably used by nomadic tribes for thousands of years, but it wasn't until the 1400s that people figured out they could roast its seeds. "Then it really took off," historian Mark Pendergrast — author of Uncommon Grounds: The History of Coffee and How It Transformed Our World —told Morning Edition host Steve Inskeep.

2011 was a terrific year for the Seattle-based Starbucks coffee chain. The stock shot up 43% last year and recently hit record highs.

Financial commentator Greg Heberlein and KPLU's Dave Meyer look at the successful company on this week's Money Matters.

Tully's Coffee has lost yet another CEO. Seattle's second biggest coffee enterprise has announced that Carl Pennington will retire at the end of this month. 

According to the Seattle Times, he is the seventh CEO to cycle through the company since founder Tom O'Keefe stepped down from the post a decade ago. 

Starbucks stocks have surged. That's thanks in part to the German financial company Deutsche Bank, which has resumed its coverage of the Seattle coffee giant and is saying investors should buy the stock. 

It's just one sign of confidence in the rebound of the company, as its executives outlined its latest growth strategies.

An annual love affair with coffee and other addictive treats

Single-serve coffee is in vogue.  Seattle-based Starbucks says that's the motivation behind a long-awaited deal with Vermont's Green Mountain Coffee, which the companies signed today.  It's part of Starbuck's strategy for continued growth in the US and Canada.