) announced the launch of a new expresso beverage, Hazelnut
Macchiato. This new addition to its signature four-layered
Macchiato line of drinks will feature steamed velvety-smooth milk
and perfectly balanced espresso. The Hazelnut Macchiato is
available at participating Starbucks stores across the
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
innovation 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
Other Stocks to Consider
Starbucks carries a Zacks Rank #3 (Hold). Some other
retail/restaurant stocks worth considering include
Red Robin Gourmet Burgers Inc.
) - Zacks Rank #1 (Strong Buy),
Krispy Kreme Doughnuts, Inc.
) -Zacks Rank #2 (Buy), and
Dunkin' Brands Group, Inc.
) - Zacks Rank #2 (Buy).
DUNKIN BRANDS (DNKN): Free Stock Analysis
KRISPY KREME (KKD): Free Stock Analysis
RED ROBIN GOURM (RRGB): Free Stock Analysis
STARBUCKS CORP (SBUX): Free Stock Analysis
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