Starbucks To Raise Prices

U.S. Ambassador to the United Nations Susan Rice speaks to the media after a U.N. Security Council meeting on Syria on May 30, 2012 in New York City. The Security Council held discussions following a massacre of more than 100 civilians in Houla. / Photo by Mario Tama/Getty Images

Starbucks Corp. said Monday it was raising prices for its coffee and other freshly made drinks in most of its U.S. stores by 9 cents this month, citing rising costs, including dairy products, energy and fuel.

In a statement issued after markets closed for regular trading, Starbucks said the price hike will take effect July 31, bumping the cost of most drinks by about 3 percent.

The increase will apply to coffees, lattes, frozen Frappuccinos and some tea-based drinks, including fruit and tea blends made behind the counters in all of its domestic company-operated stores, company spokesman Brandon Borrman said.

The increase will not apply to bottled drinks or food, Borrman said.

The company's last price increase — 5 cents — took effect Oct. 3, 2006.

The world's largest specialty coffee retailer has nearly than 6,300 company-operated stores in the United States, plus about 3,500 licensed stores. It has almost 14,000 stores worldwide.

Shares of Starbucks rose 47 cents, or 1.7 percent, to close at $28.17 Monday.

[humanmonster]

Filthy animals!!!!!

[legendary240]

Minimum wage - maybe. The real issue here is ethanol. What is the point of ethanol again? It doesn't burn as efficiently thereby producing less power and worse gas mileage. It is expensive to make and increases demand on grain used as food for animals thereby driving the end costs of dairy and meats up. Pplease explain to me the value of ethanol other than "Well, we have to do something." Let's try hydrogen please - it's a beautiful thing. Non-polluting and simple to create.

[processor2]

CBS Headline......."Starbucks To Raise Prices"


That's what happens when you raise the minimum wage.

...

[cbsreader4]

Pesonally, I say: who cares? Starbucks coffee, in my opinion, is substandard at best. I've tasted better at much less money.

Consider, too, the proportion of froth to coffee for those drinks that include it.

I suppose for those of you that like Starbucks stuff I would suggest you write the company.

Good luck.

I've always loved Starbucks, and will continue to go frequently. You know what they say: You get what you pay for.

Posted by michaelh2001

yep, spent fuel and burnt coffee, Starbucks sucks

[michaelh2001]

I've always loved Starbucks, and will continue to go frequently. You know what they say: You get what you pay for.

Fuel, milk and the rest go up in price all the time. Starbucks can either get it back at the register or fail as a business. Not a hard business decision here guys.

[tuppman]

I wouldn't buy it for what they used to charge so good luck trying to get me to spend more. My coffee at home is fine.

[sharncedar]

Coffee is a drug. People who drink it are drug addicts.

[olebd]

Posted by soldat44 at 10:01 PM : Jul 23, 2007

Yes, you may. Welcome and enjoy. But for the rest of this debt-ridden society....not so fast.

[soldat44]

They can keep it. I thought it was too expensive 10-15 years ago. Suckers! Invest what you spend weekly and then you'll finally be able to pay off those credit cards and student loans.
Posted by olebd at 09:54 PM : Jul 23, 2007

But, I don't have any student loans(that was 35 years ago)and I don't keep a cc balance. So is it OK if I go to Starbucks now even without your @#$%ing permission?