coffee

Financing

Olive oil in coffee? Really?

The Bottom Line: Starbucks’ new line of coffee is infused with olive oil, after Interim CEO Howard Schultz tried the combination in Italy. Now the company has to convince its customers that the combination works.

Food

Starbucks will start infusing coffee with olive oil

The company has high hopes for Oleato, which will debut in Italy before it comes to the U.S. this year. Starbucks believes it will be a "transformational innovation in coffee."

Restrictions and a COVID surge in December hammered sales in the Seattle-based coffee chain's second-biggest market. But Starbucks still has big plans for the country.

The Seattle-based coffee chain’s average weekly sales hit a record last quarter as people came in more often and spent more money when they did.

The coffee giant’s “CEO elect,” who takes over the full-time job in April, received a sign-on bonus and stock awards. Howard Schultz, the interim CEO, was paid $1.

The coffee giant is expanding its deal with DoorDash nationwide and expects delivery to be available in all 50 states by March.

The drive-thru beverage chain is taking a page out of Domino’s playbook and building more locations to ease capacity restraints. But Wall Street is not entirely convinced.

Technomic’s survey ranks the concepts that serve coffee drinkers’ favorite brews. Surprise—not all specialize in coffee.

The coffee chain is launching a variety of initiatives aimed at reducing waste, including eliminating plastic cutlery in its Canadian restaurants.

The Bottom Line: The coffee chain’s parent company still believes the brand can work south of the Canadian border, but it first had to change.

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