"Starbucks hiking prices on drinks, bagged coffee" AP June 21, 2014
NEW YORK — Starbucks is raising prices on some of its drinks by 5 cents to 20 cents starting next week, and customers can also soon expect to pay $1 more for the packaged coffee it sells in supermarkets.
Meaning that Fed printing pre$$ is devaluing that dollar so fast it literally is become worthless faster than they can pour coffee.
The latest hikes don’t seem to be driven purely by the surging bean costs that have pressured other coffee sellers to raise prices, however, since Starbucks has said it already locked in its coffee contracts for the rest of this fiscal year and much of the next.
So it's just a ca$h grab of a gulp, huh?
In an e-mail Friday, Starbucks spokesman Jim Olson noted that many factors go into pricing decisions, including ‘‘competitive dynamics’’ and the company’s ‘‘cost structure,’’ which he said includes costs for a variety of ingredients, as well as materials, labor, and occupancy costs.
Are you tired of the double-talk and rationalizing $ophi$try coming from the mouths of $tinking money addicts?
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Maybe just a $ip before I get going:
For the quarter, the company earned $427 million
Ah! Cold and $our.
