Starbucks Offers New Espresso Drink (revised) - Analyst Blog
March 05 2013 - 8:34AM
Zacks
Starbucks
Corporation (SBUX) announced the launch of a new espresso
beverage, Hazelnut Macchiato. This new addition to its signature
four-layered Macchiato line of drinks will feature steamed milk and
espresso. The Hazelnut Macchiato is available at participating
Starbucks stores across the nation.
In addition, Starbucks announced that its Tribute Blend line of
beverages will now be available in K-Cup packs.
Innovation is one of the key drivers of Starbucks’ success.
Starbucks is strengthening its product portfolio with significant
innovations around at-home coffee, refreshment, health and
wellness, tea and enhancing core food offerings. Its recent new
product offerings include Blonde Roast coffee, Verismo-at-home
coffee machine, La Boulange bakery items, Evolution Fresh juices
and Starbucks Refreshers energy drinks.
In addition, in December last year, Starbucks acquired Teavana, a
specialty retailer of tea, which operates only through mall-based
stores and does not have a beverage business. Starbucks plans to
establish new stand-alone Teavana neighborhood stores (going beyond
its mall-based focus) as well as open tea bars (which will create
customized tea beverages) inside existing Teavana stores. By the
end of 2013, Starbucks expects to add over 30 new Teavana stores,
including the opening of the first neighborhood store.
Continued innovation and new product offerings would drive both
top- and bottom-line growth for the company, going forward.
Other Stocks to Consider
Starbucks carries a Zacks Rank #3 (Hold). Some other
retail/restaurant stocks worth considering include Red
Robin Gourmet Burgers Inc. (RRGB) – Zacks Rank #1 (Strong
Buy), Krispy Kreme Doughnuts (KKD) - Zacks Rank #2
(Buy), and Dunkin' Brands Group, Inc. (DNKN) -
Zacks Rank #2 (Buy).
(We are reissuing this article to correct a mistake. The
original article, issued earlier today, should no longer be relied
upon.)
DUNKIN BRANDS (DNKN): Free Stock Analysis Report
KRISPY KREME (KKD): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
STARBUCKS CORP (SBUX): Free Stock Analysis Report
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