Starbucks
- Cold beverages continue to be a fan favorite at Starbucks.
- Food is also boosting sales. Two out of every five customers are buying food with orders.
- Cold foam is the fastest growing add-on at Starbucks. Modifiers represent a $1 billion business.
Starbucks grew into a multibillion-dollar coffee business selling hot java. But today, cold drinks are hotter than ever at that coffeehouse chain.
Cold drinks accounted for 75% of beverage sales in the company's third quarter.
"We're particularly encouraged to see cold espresso beverages were up 13% year over year," CEO Laxman Narasimhan said during the chain's third-quarter earnings call on Tuesday.