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Starbucks can sit on an untapped gold mine in the United States



<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Coffee of any kind may not be the perfect the food to be delivered, but Starbucks ( SBUX ) probably shows early promises of US delivery to get investors to pump up this previously unused sales avenue. "data-response time =" 15 "> Coffee of something Battles may not be the perfect food to be delivered, but Starbucks (SBUX) probably shows just enough early delivery promises in the US to get investors to pump up this previously untapped sales line.

Starbucks had about 2700 US stores spanning 11 markets offering delivery in the third tax quarter, driven by a deal with Uber Eats. Just this week, Starbucks said it will start rolling out the delivery across the country with Uber Eats. The goal is to have delivery available at more than 14,000 Starbucks US stores in early 2020.

"There are still early days for food and beverage delivery in the United States and why we do not yet see Starbucks deliveries make a meaningful contribution to our US business results. We believe delivery is an important long-term growth opportunity provided to customers who increase the demand for convenience, says Starbucks CEO Kevin Johnson, to analysts on the call – and downplayed the potential a bit for an audience likely to settle their US sales rates.

Coffee cups on the table in a Starbucks store. (Photo by Zhang Peng / LightRocket via Getty Images)

Under the company's third revenue for the fiscal quarter Thursday night, Starbucks CEO Rosalind Brewer told analysts: "We are encouraged by the incrementality we are seeing. Extended ticket. We see food attached at a significant level per ticket. We see the quality of the beverage on delivery. We have made some progress in our packaging which has helped us tremendously. "

Brewer added," So we are encouraged what we have seen as far as we are expanding and getting marketing dollars behind. We are encouraged by what we think this can do for us in the long term. "

Meanwhile, the country's two largest coffee chains are now in a gun race to get you coffee

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Dunkin & # 39; Brands ( DNN ) & nbsp; dropped food delivery service Grubhub & nbsp; in June to start the launch of a nationwide delivery program. More than 400 Dunkin restaurants in New York City's five districts began offering delivery through the Grubhubs Seamless brand in June. will quickly scale up to the markets of Boston, Chicago and Philadelphia in the coming months, Dunkin executives told Yahoo Finance. "data-reactid =" 41 "> Dunkin & # 39; Brands (DNKN) pressed the food delivery service Grubhub in June to launch the launch of a nationwide delivery program More than 400 Dunkin restaurants in New York City's five districts started offering delivery through Grubhub's Seamless brand in June The service will quickly scale up to the markets of Boston, Chicago and Philadelphia in the coming months, Dunkin leaders told Yahoo Finance.

Stephanie Meltzer-Paul, Dunkin's US vice president of digital and loyalty marketing, told Yahoo Finance's goal is to have delivery available in one third – or more than 3,000 locations by the end of the year, Meltzer-Paul said the company is planning to have delivery available in about 70% of Dunkin's 9,400 plus US stores next year. 19659012] "We want to make a serious pressure with delivery," said Meltzer-Paul.

And so does Starbucks.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Brian Sozzi is an editor and great host of The First Trade on Yahoo Finance. Follow him on Twitter @BrianSozzi "data-reactid =" 45 "> Brian Sozzi is the editor and great host of The First Trade at Yahoo Finance Follow him on Twitter @BrianSozzi

Yahoo Finance live morning show.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Read the latest economic and business news from Yahoo Finance "data-reactid =" 66 "> Read the latest economic and business news from Yahoo Finance

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More about Starbucks "data response time =" 67 "> Mer o m Starbucks

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance at


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