Zlati Meyer USA TODAY Published 5:10 p.m. UTC Jun 7, 2018 The price of your morning jolt of caffeine just got a little more grande. Starbucks has raised the price of its brewed coffee 10 cents to 20 cents at most of its company-owned stores in the U.S. The price for a 12-ounce drink, for example, is now $1.95 to $2.15. The increase, which differs by market, went into effect on Tuesday. But the prices of the majority of the chain's beverages, like lattes, mochas, tea lattes, iced coffee, Frappuccinos, iced tea, cold brews and Nitros, remain unchanged at nearly all locations, according to the company. In the the past year, the coffee chain has raised prices 1% to 2 %, which "is on par with the industry practices and is in line with food-away-from-home inflation, which is 2.2% to 2.4%," spokeswoman Sanja Gould said in an e-mail. "Evaluating prices periodically allows us to balance the need to run our business profitably, while … [Read more...] about Starbucks raises its coffee prices 10-20 cents across the U.S.
Starbucks increases prices
Since Starbucks first expanded out of Seattle to march across America, the appearance of a new Starbucks store has been widely understood to indicate that a neighborhood was gentrifying. Now, a Harvard Business School study puts a real number on that impact: a half a percent spike in nearby home prices. "Can the entry of a hip coffee shop predict housing prices?" asked Michael Luca, an economics professor at Harvard Business School. "It's something a lot of people talk about but there isn't good evidence of it." Luca and his coauthors examined the volume of Yelp reviews for various businesses and matched them with data from the Census Bureau, Zillow and other sources to find a consistent—and fast—effect. "If a new coffee shop goes into a zip code, this predicts housing prices go up 0.5 percent in a year," Luca said. While a half-a-percent bump might seem minor, the numbers mount quickly—especially considering the already stratospheric real estate prices in New … [Read more...] about This is how much a Starbucks adds to the price of a nearby home
Guy Boulton Milwaukee Journal Sentinel Published 7:22 p.m. UTC Jun 6, 2018 Health care costs have been increasing at the lowest rate in the past two decades. The result? The total costs for a typical family of four insured by the most common health plan offered by employers will average $28,166 this year, according to the annual Milliman Medical Index. The estimate includes the average cost of health insurance paid by employers and employees, as well as deductibles and out-of-pocket expenses. Despite the significant expenses for many households and employers, the slower rate of growth is good news, said Scott Weltz, a principal and consulting actuary in the Brookfield office of Milliman. “But every month, a family of four’s health care costs are going up $100 a month,” Weltz said. The costs have been going up by that amount — on average — for more than a decade. The Milliman Medical Index topped $20,000 in 2010. And two years ago it topped $25,000. … [Read more...] about You’ll be shocked at the price of health care for a family of four
Restaurant Brands has started the 2019 financial year in a strong way, reporting a rise in first-quarter sales of 11.7% on the previous period, driven by KFC New Zealand and Australia sales. Forsyth Barr broker Suzanne Kinnaird said some minor upgrades had been made to her near-term KFC forecasts and she remained with a neutral rating. KFC NZ first-quarter sales were $75million, up 5.8% on the previous corresponding period (pcp). Same-store sales growth was up 4.3%. ``Momentum remains strong in this business and this remains positive for conserving high margins. KFC is doing chicken right.'' Store numbers were steady in the quarter at 92, but two stores ahead of the pcp. KFC Australia had strong sales growth of nearly 45%, reflecting the store acquisitions during the past 12 months, she said. Also pleasing was the same-store sales growth of 4.2%, which was well ahead of Forsyth Barr's expected run rate for 2019 and stronger than the 2018 fourth-quarter growth rate, which disappointed … [Read more...] about Restaurant Brands sales increase 11%
Bean wars Nestlé’s new commercial alliance with the ubiquitous coffee brand wrongfoots its German rival, owner of Keurig, Peet's and Krispy Kreme. Published on May 8, 2018 1:00 pm Swiss-based food giant Nestlé has thrown down the gauntlet to German rival JAB Holding, owner of high-end US coffee brands Keurig, Peet’s and Stumpdown, by sealing a major marketing deal with Starbucks. The new alliance promises to reshuffle the deck in the all-important American market. JAB, the investment arm of Germany’s Reimann family, has built a global coffee empire by spending $32 billion (€26.9 billion) since 2012 on leading brands in the US and Europe. Now registered in Luxembourg, the company aims to create a counterweight to Nestlé, the world’s biggest coffee group and owner of Nescafé and Nespresso. For a while, JAB could claim a partial success in that quest, even managing to overtake the Swiss conglomerate in North America. But Ulf Mark … [Read more...] about Nestlé’s deal with Starbucks leaves bitter taste for Germany’s JAB