Tagged: Starbucks

Starbucks says it signed a new five-year contract to make single-serve packs for Green Mountain's Keurig brewing machines, a deal that also expands the companies' partnership beyond North America.

The deal comes after Starbucks last year introduced its own single-serve brewing machine, which was seen by many as posing a threat to Green Mountain's popular machines.

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.

Did Starbucks’ stance on same-sex marriage hurt its bottom line?

A shareholder claimed as much during the company’s annual meeting last month, prompting a heated exchange with Starbucks CEO Howard Schultz. The shareholder, citing a boycott by the National Organization for Marriage of the company, hinted that Starbucks’ stock price had suffered. 

The CEO of Starbucks defended his support of same-sex marriage at the company’s annual meeting in Seattle. Starbucks came out in favor last year of Washington’s referendum legalizing same-sex marriage. Opponents of that measure vowed to make Starbucks pay, and the National Organization for Marriage launched a boycott of Starbucks.

At the company’s annual meeting Wednesday, shareholder Tom Strobhar suggested that the boycott had indeed bled the company of value.

Starbucks is planning a big push behind its loyalty program, with plans to double membership by the end of the year.

Starting in May, the world's biggest coffee company says members will be able to earn points when they buy bags of Starbucks coffee at supermarkets. Customers would have to go online and enter a code on the bag to get their point.

Starbucks says profit in its most recent quarter climbed 13 percent as the coffee giant benefits from a big push into Asia.