Current:Home > StocksSee you latte: Starbucks plans to cut 30% of its menu -Edge Finance Strategies
See you latte: Starbucks plans to cut 30% of its menu
View
Date:2025-04-17 12:22:06
Starbucks plans to cut about 30% of food and drink options from its menu by late 2025, as part of the chain's plan to change its vibe and stem the loss of customers across U.S. stores.
This week, the coffee giant also began offering ceramic mugs and free coffee and tea refills for people who want to stay in for a drink. And the chain is once again letting people serve themselves cream or sweetener, bringing back the condiment bar that had gone away during the pandemic.
Starbucks sales dipped 4% both in the U.S. and worldwide in the latest quarter, compared to a year earlier. That marks the fourth quarter of declines in a row. The chain is paying record sums to new CEO Brian Niccol — lured from Chipotle for his turnaround success there — to fix the spill.
veryGood! (59)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Slovakia’s president is ready to swear in a new Cabinet after partner replaces ministry nominee
- New deadly bird flu cases reported in Iowa, joining 3 other states as disease resurfaces
- To tackle homelessness faster, LA has a kind of real estate agency for the unhoused
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Stranded at a closed border as bombs fall, foreign nationals in besieged Gaza await evacuation
- New York selects 3 offshore wind projects as it transitions to renewable energy
- Trump’s lawyers file challenges to Washington election subversion case, calling it unconstitutional
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Extremists with ties to the Islamic State group kill at least 26 people in eastern Congo
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- Israeli military reservist from D.C. suburb is killed in missile attack in Israel
- Montana man investigated in disappearance of 14-year-old is arrested on child sex abuse charges
- Candidate for Pennsylvania appeals court in November election struck by car while placing yard signs
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Growing 'farm to school' movement serves up fresh, local produce to kids
- Growing gang violence is devastating Haitians, with major crime at a new high, UN envoy says
- Woman found dead in suitcase in 1988 is finally identified as Georgia authorities work to solve the mystery of her death
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
JetBlue plane tips backward due to shift in weight as passengers get off at JFK Airport
Icelandic women striking for gender pay equality
U.S. sending U.S. carrier strike group, additional air defense systems to Persian Gulf
Federal hiring is about to get the Trump treatment
Malaysia gives nod for Australian miner Lynas to import, process rare earths until March 2026
New York selects 3 offshore wind projects as it transitions to renewable energy
Mary Lou Retton is home, recovering after hospitalization, daughter says