![]() ![]() The Seattle-based company’s shares fell 3.2% in 2023, trailing the 24% advance of the S&P 500 Index. But concerns have emerged over the company’s sales after third-party data pointed to a slowing late last year. 1 and provided a better-than-anticipated outlook for fiscal 2024. black and white illustration of power washer worker with arms crossed holding pressure washing gun looking to the side viewed from front set inside circle on isolated background done in retro style. The chain posted results that surpassed expectations for the quarter ended Oct. pressure washing clipart flat vector illustration of an orange firefighter cleaning sewer with hose cartoon. Starbucks is also expanding its beverage menu, adding a hazelnut oatmilk variety to its iced shaken espresso product line, which accounts for $1 billion in sales in the US. “You’ll see us expanding our product menus in ways that tide customers over between lunch and dinner,” Chief Marketing Officer Brady Brewer said in November. Plans to drive growth include boosting the snacks and bakery offerings. 1, sales for the all-day breakfast lineup grew 20% to $3 billion at North American company-operated stores, accounting for half of the region’s food business and about 8% of Starbucks’ total revenue. Lately, more guests have been adding food to their orders, thanks in part to seasonal items like a baked apple croissant. The Frappuccino giant has previously attempted to sell more grub with its beverages, but it has run up against challenges including complaints about high prices and cold pastries. Starbucks wants to bolster its afternoon business as part of a broader strategy to drive growth by launching new beverages, creating products designed to appeal to customers at specific times of the day and nudging guests to add food to their orders. It’s also launching a vanilla-bean custard danish as a seasonal offering. The chain will add a chicken, maple butter and egg sandwich to its permanent menu starting today, as well as a potato, cheddar and chive bake, according to a statement. ![]()
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