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Stockreport

Starbucks to introduce cold drink cup made with less plastic [Globe and Mail, The (Toronto, Canada)]

Starbucks Corporation (SBUX)  More Company Research Source: Globe and Mail, The
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
The coffee giant said Thursday it plans to alleviate some of that waste with new disposable cups that contain up to 20 per cent less plastic. The cups are set to be rolled out to stores in the U.S. and Canada starting this month. Amelia Landers, Starbucks' vice president of product innovation, said the Seattle-based company spent the last four years developing the new containers. Engineers tested thousands of iterations to see how much plastic they could remove while still making the cup feel sturdy. “We feel like it's industry-leading,” Landers said. “It's the best expression of a cold plastic cup.” Starbucks says Frappuccinos and other cold drinks now account for 75 per cent of its U.S. beverage sales, up from 37 per cent in 2013. The company estimates the new cups will keep more than 13.5 million pounds of plastic out of landfills each year. Producing the tumblers also requires less water and creates fewer carbon emissions, a leading cause of climate change, it said. Starb [Read more]
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Stockreport

Starbucks to introduce cold drink cup made with less plastic [Globe and Mail, The (Toronto, Canada)]

Starbucks Corporation  (SBUX) 
More Company Research Source: Globe and Mail, The
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
The coffee giant said Thursday it plans to alleviate some of that waste with new disposable cups that contain up to 20 per cent less plastic. The cups are set to be rolled out to stores in the U.S. and Canada starting this month. Amelia Landers, Starbucks' vice president of product innovation, said the Seattle-based company spent the last four years developing the new containers. Engineers tested thousands of iterations to see how much plastic they could remove while still making the cup feel sturdy. “We feel like it's industry-leading,” Landers said. “It's the best expression of a cold plastic cup.” Starbucks says Frappuccinos and other cold drinks now account for 75 per cent of its U.S. beverage sales, up from 37 per cent in 2013. The company estimates the new cups will keep more than 13.5 million pounds of plastic out of landfills each year. Producing the tumblers also requires less water and creates fewer carbon emissions, a leading cause of climate change, it said. Starb [Read more]
IMPACT SNAPSHOT
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SBUX
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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