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Topic: *$'s raising prices again (6 msgs / 170 lines)
1) From: True, Dennis W. FC1 (CVN69)
This is a multi-part message in MIME format.
I wonder where the point is that people will start comming to our hobby
in droves?
Dennis 
Starbucks raising U.S. drinks prices next week
 
By Nichola Groom
LOS ANGELES (Reuters) - Starbucks Corp will raise U.S. prices on coffee,
lattes and other drinks by an average of 9 cents a cup next week to help
offset soaring costs for milk and other commodities, a spokesman said on
Monday.
The widely anticipated move marks Starbucks' second price increase in
less than a year and comes a month after the coffee shop chain's chief
financial officer warned it would be "very challenging" for Starbucks to
meet the high end of its 2007 earnings forecast, in part because of
rising dairy prices.
U.S. milk prices have soared recently amid strong global demand for
dairy products and higher production costs.
"We're always looking at the business costs, and given the rising cost
environment in which we operate, we think this is an appropriate time,"
spokesman Brandon Borrman said.
The increase will vary by drink and by market, but will average out to
about 9 cents a cup, Borrman said. Starbucks' last price rise of about 5
cents per drink went into effect in October.
Analysts said the increase would be welcomed by investors, who have seen
Starbucks' shares fall more than 20 percent this year on concerns about
higher costs, slowing U.S. sales growth and increased competition from
fast-food rivals.
"I can't imagine that it comes as a surprise to anyone, but it should
definitely be a positive on both sales and earnings going forward," said
Dan Geiman of McAdams Wright Ragen, who has a "buy" rating on Starbucks
shares.
And as with past Starbucks price increases, analysts also said consumers
were unlikely to balk at paying a few cents more for their daily
caffeine fix.
"There will probably be some grumblings initially, but at the end of the
day I think people aren't going to change their pattern of buying," said
Morningstar Inc restaurant analyst John Owens.
The latest increase affects drinks made behind the counter and is
effective July 31 at Starbucks' 6,300 company-owned stores in the United
States, Borrman said. Licensed stores control their own prices, but are
expected to follow the move, he added. There are about 3,500 licensed
Starbucks stores in the United States.
The prices of bottled drinks, whole bean coffee and food are unaffected.
Starbucks shares rose 47 cents to close at $28.17 on Monday on Nasdaq.
The shares after hours were down two cents each at $28.15.
(c) Reuters 2007. All rights reserved. 
Marjorie
 

2) From: TERRY TITSWORTH
Fact is, people will pay just about anything for convenience and fit. The
fit being fitting into the herd. People don't want to stand out in their
styles or drink. Look at all the "individuals" in clothing styles. Being
'different' means wearing what all the other freaks wear, using all the same
words, walking the same way, letting your pants fall around your knees. They
are proving they are 'different' by being like everyone else.
Sorry, got off the path...A lot of folks don't want to spent a few extra
minutes preparing anything, let alone coffee. They want it NOW and to cover
the nasty tastes associated with quick they add dairy, sugar, spices and
label it with a fru-fru name and settle for bla. (Does anyone else taste the
difference when meat is cooked or reheated in a microwave? Like RUINED)
People will buy stuff in a 'convenience' store and pay half again as much
for it that if they would go into a 'real' store, stuff that is all but past
the expiration date of the wrapper, because it is convenient.
And as far as price? I swore, along with half of our factory smokers that we
would quit buy ciggy's when they got to $.50 a pack (this was when they were
$.34 a pack having just taken a nickle jump in price.) I finally quit for
other reasons, but they had gotten to almost a buck and a half for Branded
cig.'s. Oh, and how many of you grinch about $3.00 a gallon gas? Jimmy
Carters handling of the gas issue had us threating to quit driving any extra
miles when we had to line up to buy gas. I still see asphalt elephants
ripping down the road doing 80 MPH + and gas is $3.30 a Gal. Price doesn't
really change things until it gets to be a real bite out of your playtime
money.
TerryT
On 7/24/07, True, Dennis W. FC1 (CVN69)  wrote:
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-- 
Start HOT and work your way Down...
Peppers AND Coffee.
[|:{O....[|:{U...
(I'm the tall guy in the middle)

3) From: raymanowen
Even if I did no home roasting, actions of any kind by the Burn Palace woul=
d
bother me not. Automatons continue to operate their Land Barges on 100%
crude-derived fuel, and they also will not migrate to Specialty Coffee
consumption.
What, me grind my own beans and brew a cup at a time rather than buy a 3lb
can of preground Scheiße at the grocery, or grab a six pack of Suave Muck=
a
at the Sevie? Not.
Cheers -RayO, aka Opa!
Let's hope Adam Smith's Invisible Hand doesn't take the toys out of ours.
McDreck for the Masses.
On 7/24/07, True, Dennis W. FC1 (CVN69)  wrote:
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/jump/reuters.com.dart/news/usnews/article;type=featured_broker;sz=170x=
40;articleID=USN2337368320070723;ord=0203?>
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s
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al
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igh
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.
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Dan
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s.
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e
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-- 
"When the theme hits the bass, I dance the Jig!" - -Virgil Fox at the Might=
y
Wichita (ex- NYC Paramount) WurliTzer- 1976

4) From: Steven Van Dyke
At 05:45 AM 7/24/2007, you wrote:
<Snip>
Notice that what's driving up the price of their drinks is the rise 
in the cost of *milk* - obviously coffee isn't that big of a 
component in their offerings.  

5) From: Angelo
If milk is the culprit, why raise the price on those milk-less drinks?? Hmmm...
a.
coughBScough...
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6) From: Larry Johnson
Brings to mind a magazine (Smithsonian? don't remember) article I read
awhile back. The article was about the coffee market, from the small farmers
to the big industrials. One of the experts interviewed, when asked some
question about Starbucks' replied, "Starbucks isn't in the coffee business;
they're in the milk business."  Guess he was dead-on.
On 7/24/07, Steven Van Dyke  wrote:
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-- 
Larry J
Whatever you do will be insignificant, but it is very important that you do
it.
  - Mahatma Gandhi


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