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Starbucks adds internationally inspired menu items as part of turnaround effort

Starbucks adds internationally inspired menu items as part of turnaround effort
The chocolate pistachio loaf is among the new internationally-inspired menu items Starbucks launched in stores on Feb. 9. Courtesy of Starbucks

Starbucks unveiled new internationally inspired menu items at its stores on Monday, marking the coffee chain's latest attempt to win back customers at its brick-and-mortar locations.

The menu refresh comes amid CEO Brian Niccol's yearlong "Back to Starbucks" turnaround effort, aimed at reversing consecutive quarterly declines in the company's same-store sales. The effort is showing some results: Starbucks reported Jan. 28 that same-store sales rose 4% in the most recent quarter.

The February menu additions include six bakery items — including new loaf, tart and croissant flavors — and a dark roast coffee. Starbucks also debuted two fruit-flavored matcha beverages last week as part of its Valentine's Day offerings, which will have a permanent place on the coffee giant's menu.

"Customers told me that our menu needed to feel more relevant," Niccol said at the company's investor day on Jan. 29.

Niccol's turnaround plan has included eliminating the extra charge for nondairy milk, adding personal touches such as hand-written notes on coffee cups and introducing a new dress code for employees to help improve the coffee giant's image. Last month, it revamped its loyalty program into three tiers, with the higher levels providing bigger benefits to members.

The company also announced in September that it would shut down some stores with weak financial performance.

Courtesy of Starbucks
New menu items
Dubai chocolate bite
Cookie croissant swirl
Berry blondie
Strawberry matcha loaf
Yuzu citrus blossom
Chocolate pistachio loaf
1971 Roast, a new dark roast coffee
Iced double berry matcha
Iced banana bread matcha

The food and drink reboot follows several menu updates from Starbucks, including the introduction of protein lattes and expanded fall menu offerings last year.

The coffee chain also trimmed weaker performers last February, in what it said was an effort to streamline its menu and better respond to shifting consumer preferences.

"It became really clear to me that to turn this business around and build a platform for long-term growth, we had to change the way our business ran and the fundamentals of how we worked," the Starbucks CEO said at the company's investor day.

Source



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