1 Thing Starbucks Still Hasn't Fixed
Starbucks is doing just about everything right these days. Profits spiked higher last quarter, and the coffee king's sales growth is the envy of just about every other retailer. But there was one metric that stayed stubbornly low last quarter: food sales.
Despite the push into an expanded breakfast offering, and the beginning of a national rollout of new bakery products, Starbucks' food sales were stuck at just 19% of all sales -- exactly the same as in the prior three fiscal years running. In the video below, Fool contributor Demitrios Kalogeropoulos discusses how that's a disappointment, and what Starbucks can learn from Panera Bread when it comes to selling more food.
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The article 1 Thing Starbucks Still Hasn't Fixed originally appeared on Fool.com.Fool contributor Demitrios Kalogeropoulos owns shares of Starbucks. The Motley Fool recommends Panera Bread and Starbucks. The Motley Fool owns shares of Panera Bread and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.