Starbucks beverage prices to rise by end of the year
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Starbucks, the largest US chain of coffee shops, plans to raise its beverage prices by year&#39;s end to cover higher costs for milk and health insurance amid slowing sales.
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Hershey Foods will be raising the price for many of its confectionery products.
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Starbucks Corp.'s  chief financial officer on Thursday said meeting the high end of the coffee shop chain's 2007 earnings forecast will be "very challenging" due to rising dairy costs and slowing sales growth in its U.S. business, sending shares to a 20-month low.
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ATLANTA -- Starbucks Corp. , the world's largest coffee-shop chain, plans to more than triple its number of stores to 40,000 worldwide, 10,000 more than the previous target.
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Starbucks Corp. said Thursday it will replace whole milk with 2 percent for espresso drinks in all of its U.S. and Canadian stores by the end of the year.
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Starbucks Corp.'s  chief financial officer on Thursday said meeting the high end of the coffee shop chain's 2007 earnings forecast will be "very challenging" due to rising dairy costs and slowing growth in its U.S. business, sending shares to a 20-month low.
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Expensive coffee? Starbucks is cheaper than you thought.
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The Nasdaq Composite Index rose on Thursday, helped by higher-than-expected sales at coffee chain Starbucks Corp. , while the Dow and the S&P 500 inched higher.
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Starbucks Corp., the world's largest  coffee-shop chain, on Wednesday said sales at stores open at  least a year rose 8 percent in August, the first time growth  fell below double-digits in nine months.
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Starbucks has thrust its weight behind the growing palate for premium chocolate with plans to enter the market.
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Starbucks Corp. SBUX.O said on   Thursday that same-store sales rose 5 percent in August,   hitting the top of Wall Street estimates and helping to allay   concerns about a consumer spending slowdown.
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Business & money: Troubled coffee chain Starbucks going back to basics by testing a cut-price brew costing only $1
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Starbucks Corp. on Wednesday said customers will be able to make custom music CDs at 45 of its U.S. coffee shops by later this month, the first step in a plan to expand the service nationwide.
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Starbucks Corp  is testing $1 coffee and free refills in its Seattle outlets as the global gourmet coffee chain grapples with slower consumer spending and rising competition from fast-food rivals.
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Starbucks Corp. will raise U.S. prices on coffee, lattes and other drinks by about 9 cents a cup next week to help offset soaring costs on commodities such as milk and energy, a spokesman said on Monday.
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Newspaper reports the coffee giant will raise the average drink price by 11 cents a cup. NEW YORK  - Coffee shop giant Starbucks Corp.
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Citing sharp increases in commodity costs, Community Coffee will increase prices on its trademaker Red Bag coffee for the first time in seven years, the company said.