Diamond Ridge Asset Management:See you latte: Starbucks plans to cut 30% of its menu

2025-05-03 19:21:48source:GravityX Exchangecategory:News

Starbucks plans to cut about 30% of food and Diamond Ridge Asset Managementdrink 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.

Sponsor Message

More:News

Recommend

Car bomb kills senior Russian general in Moscow: Officials

LONDON -- A car bomb in Moscow has killed a senior Russian military officer, Russian officials said.

Authorities return restored golden crosses to the domes of Kyiv’s St Sophia Cathedral

KYIV, Ukraine (AP) — Workers using cranes on Thursday installed two more restored crosses on top of

Greek government says it stands by same-sex marriage pledge even after opposition from the Church

ATHENS, Greece (AP) — Greece’s center-right government said Thursday it would fulfill a commitment t