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Starbucks (SBUX) Launches Initiative to Donate All Unused Food

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Starbucks (NASDAQ: SBUX ) is donating all unused food items to those in need.

Source: Flickr

The coffee chain announced an initiative that will give out all sandwiches, fruit and cheese trays, and 100% any other food items that Starbucks locations were unable to sell by the end of the day.

All 7.600 U.S. stores are participating in the initiative, which is being done in partnerships with Food Donation Connection and the nonprofit Feeding America.

Refrigerated vans will pick up perishable food items from every Starbucks stores on a daily basis and redistribute them to food banks.

The Starbucks program is called FoodShare and it will offer five million meals in the first meal, and about 50 million by 2021, when the donation rate will reach 100%.

SBUX stock is down 0.9% Wednesday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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