Starbucks to Remove Menu Items; Changing Plans May Involve Stake Sale in China

By March 4, Starbucks will remove a selection of “less popular” menu items that include several Frappuccino® blended beverages, the Royal English Breakfast Latte, and the White Hot Chocolate, according to a press release. The removal of menu items will result in a 30% reduction in offerings by the end of the year.

“As part of our plan to get back to Starbucks, we’re simplifying our menu to focus on what sets Starbucks apart–a welcoming coffeehouse where people gather..."

Starbucks Announces Increase in Quarterly Cash Dividend

Starbucks Corporation (NASDAQ: SBUX) today announced that its Board of Directors approved an increase in the company’s quarterly cash dividend from $0.57 to $0.61 per share of outstanding Common Stock. This increase will be effective with the dividend payable on November 29, 2024, to shareholders of record on November 15, 2024, and raises the company’s annual dividend rate to $2.44 per share.

Starbucks initiated its dividend in 2010 at $0.05 per share of outstanding Common Stock, and increased its dividend consecutively each year over the past 14 years...

UNLIMEAT Pulled Pork Wrap Now Available at All Starbucks Stores in HK

UNLIMEAT announced on the 16th the launch of its Pulled Pork Wrap at Starbucks stores throughout Hong Kong. The UNLIMEAT Pulled Pork Wrap is a fully plant-based product containing UNLIMEAT's pulled pork, along with refreshing carrot, vibrant red cabbage, and crisp lettuce, all wrapped together for a satisfying and guilt-free meal.

Since first entering Hong Kong in 2020, UNLIMEAT has expanded its presence by partnering with world class Chinese restaurants such as Mott 32, Crystal Jade, and Trust Congee King, providing these restaurants...