Starbucks has blamed a rise in the popularity of frozen drinks for disappointing July sales figures.

The firm said July sales missed targets because in the hot weather more chilled drinks, such as Frappuccinos, were ordered which take longer to prepare.

 

As a result, its sales in stores open more than a year rose by just 4% during the month, below the 6% expected by Wall Street and last year's 7% growth.

 

The news saw Starbuck's shares fall 9% in after-hours trading on Wednesday.

 

Starbuck's chief executive Jim Donald said the company was working to solve the problem of the extra time it takes to make frozen drinks compared with standard hot coffees by bringing in extra staff during peak hours.

 

The firm's chief financial officer added that while it was an issue, "we're working on it, and we're going to get it solved".

 

For the 13 weeks to 2 July, Starbucks saw its net profits rise 16% to $145m (£77m) from $126m a year earlier. Revenue increased to $1.96bn, up from $1.6bn.

 

http://www.bbc.co.uk

So its nothing to do with the fact that our local Starbucks has had a broken ice machine for the last week, and are therefore having to ship in ice via taxi so that they can serve Frappucinos for the first part of the day? Coz nobody would want frappucinos in the middle of a heatwave, would they?

Ah Starbucks, a company yet to break into the lushish market of andover ;)

sssssshhhhh!! you'll have 6 of them surrounding you before you know it!!!!

Those 6 can join the other 6 coffee shops we already have

Do you have a Nero's or a Costa?

Nope.

 

We got a couple "blue onions", and 4 other indie coffee shops. Although the council was planning to sell the downfloor of the old guildhall, which is used for book/tools sales sometimes to turn it into a coffee shop. But I believe that evil plan failed

Indies are good. We have an indie near us which serves an amazing latte.

Nero's and Costa are only good for the cakes & pastries.