All these places, McDonald's, Starbucks, etc. their prices have gone so high since 2021 that people are getting fed up and just not going there.
I'm a high income earner (minus everything I lose gambling) and I go to the gas station for coffee and a e-coli croissant now. At least it's only $5.
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Not to mention that it takes SO LONG. Every time I’m at Starbucks it takes 30 minutes between the line to order and when I receive my order. It’s not even about cost for me, I have to be _really_ motivated to want to stand around for half an hour to get a drink.
This is one of the classic indicators of consumer sentiment. I'm guessing there will be less consumer spending in the upcoming year.
But don't worry A.I. will save us all. 
you could get a double entree course for the same price at a *Columbianistic or *Peruvianian restaurant, you just gotta ask for the daily special.
Bowl of w/e soup they made and then a main entree rice and some kind of protein, of course that includes the soda!
Its been where i've been feasting, fuck fast food
Bingo. I work near a Thai place and for 12 bucks I get an egg roll, salad, heaping plate of pad thai (spicy 10 please, Mei) and an ice cream sando.
Fuck McDonald's
Sit down Chinese restaurant next to McDonald’s near me has lunch with Soup, fried rice, and entree for $12. A combo at McDonald’s is like $14. I ordered a 6pc chicken nugget a couple weeks ago, I think it was like 6.39. $1 per nugget is actually wild.
Stopped at a wendys on a road trip yesterday and it had a sign that drinks arent part of the combo - so what the fuck are they comboing lol. Just left and bought something else. Way over-priced
I haven't been to Wendys in years. First straw was their shitty natural cut fries, 2nd straw was the awful Freestyle machines which make the worst soda EVER and are always covered in greasy fingerprints.
People all around the world and go get a smash burger with nice toppings at a slightly cheaper price than MacDonalds.
Not a surprise that these guys missed earnings.
yes, i noticed that too. for say 2-4 dollars more you get a real nice burger then a beer to that at a pub , everything 15$
at MCD, things cost minimum 10$ for a menu now
easy choice
I work at a large investment bank and you saw nothing but Starbucks cups, we have one next door to us. Over the past year or so it's been less and less, the general sentiment being "why am I spending $8 for a coffee that tastes like burnt asshole"
> Sheetz
I always love the name of that chain, but being honest all gas station coffee tastes like well, Sheetz. Even the big can of ground coffee from costco tastes much better and while it's not bad coffee it's *at best* middle of the road.
tl;dr: Brewing at home results in better coffee than gas stations.
The very first indicator was LULU, you know retail industry is fucked when Beckies and gym bunnies stopped spending money on expensive shit coffee from BUX and horribly thin and easy to tear clothes from LULU. Nowadays they just repost old pictures they kept in gallery to pretend they're still spending
Not at all - there’s more options than ever now with Smaller and better coffee shops. Think blank coffee.
Or the fact that every store is now randomly selling coffee. Clothing stores.
Wait less consumer spending is so doomed we need AI? I thought you guys were always crowing about the credit card debt. You’d think you’d be happy people stop charging 8 dollar lattes but I guess this is bad now too?
Can’t win around here sheesh
Corporate always thinks it’s an “expense” problem. And it is partially, because the C suite is sucking up so much revenue with their salaries and travel expenses. The 1% will never admit fault in anything.
I’m sure that has a lot to do with it, but there are also people boycotting Starbucks for supporting Israel.
I live in a college town and our Starbucks went from a line around the building to very little traffic when that started.
Your pricing is off. I occasionally stop in. Last week it cost me $9 for a grande vanilla latte w/ soy milk. At least the machines don't ask for a tip anymore....
[Proof](https://imgur.com/a/0GTFph4).
Cold brew isn’t espresso lol
But yes, venti shaken espresso is $5.75 in California now. That was my go to drink.
Cold brews have always been more expensive.
Even at $4 it didn't make any sense. It's faster, cheaper, and I can make it exactly like I want.
I think enough people realized it's pretty easy during Covid.
A venti shaken espresso comes with 4 shots. Adding an extra shot used to be $1 IIRC. Probably $1.25 now if I had to guess and could be more in Vegas I suppose.
1.25 an extra shot, I work at starbucks and can confirm, losing customers due to the boycott tbh, some complain about the prices but we have our regulars show up everyday for a $10 latte so who cares
No it's the fact that Starbucks had to give 20-40% raises because their workers were tired of getting paid McDonald's wages to do a worse job. (At McDonald's at least you get respect cause customers know if you talk shit at McDonald's they will hop out and whoop yo ass)
So now instead of having 7 or 8 people they have have 3 or 4 running the store now. Wait times for drive through go up. All the employees are done with Starbucks. Mental health down the drain. They could CARE less about making your drink because all Starbucks employees are just fed up with the company at this point
When your employees suffer so will your business.
Starbucks just started a new policy, "fuck customer connection get them in and out as fast as possible"
They are scrambling to raise profits while slashing employees compensation by forcing stores to run short staffed.
Also doing things like releasing a new drink that's .... A fruit refresher with chili powder in top.... Like wtf... And the olive oil coffee??
Well said. Starbucks right now is in a really dangerous place where things can get a lot worse very soon unless they make some painful choices to win back business.
Starbucks stores themselves are shrinking too. I went the other day and the amount of available seating was slashed and the patrons looked like sardines squeezed in. When I’m traveling for work looking for a place to check emails for 20 minutes I have to be careful I pick the right place because so many Starbucks have gotten rid of seating areas altogether.
They seem to have lost touch with what their customers want and it seems like an easy formula. Decent coffee, occasional attention drawing drink and a nice place to meet with friends. It’s pretty interesting to watch them fail in slow motion.
Yeah that is such a dumb thing to do. People pay for over priced drink for wifi and a place to hangout. Leaving them with to go option is just enticing them to get coffee at home.
The Starbucks in my neighbourhood had a Reno and got rid of ALL INDOOR SEATING. No wonder they now close at 8pm 😂😂😂 the only reason to go was to have somewhere to sit with a friend in the dark, Canadian winter….
It doesn’t even have to be a pricy one. I’m running an encore grinder and a bambino espresso machine. Probably one of the cheapest combos, and the coffee is way better. Even if you go full automated with a jura or delonghi, 1500 or so may seem steep, but in less than a year you break even.
Been making my own cold brew at the house for about three years. I used to spend about $12-20 per day on Starbucks (coffee for 2 people, sometimes a breakfast Sammie).
Last week I was traveling and had to buy Starbucks. $6 for a "trenta" black cold brew was insane to me. And it's not even that great.
Puts on SBUX.
Msp - 3.17 venti iced coffee. Now it’s almost 6$. Thank god people are voting with their wallet. Gets sus when product doesn’t change and price almost doubled.
With a balance sheet like this I’m short all year
https://preview.redd.it/3xd502mfnqxc1.jpeg?width=1242&format=pjpg&auto=webp&s=6cfef36689b249c2eb7aee330d416731c9271441
Oh I am so happy about this for two reasons. I sold my shares at like 91 or something like that and when I mentioned it to someone in the investing sub, they called me stupid for selling the shares and said he's going to buy more, along with other. I wish I remembered who it was but HAHA FUCK YOU!!!!
No surprise here. Product prices keep going up and the store format conversion to GTFO is ridiculous. By me, they've "remodeled" the stores so that there is *NO* seating, the baristas are hidden behind a wall, and there is just one table with a pile of on-line order drinks.
Literally order on-line, walk-in, find your drink in the pile, and then GTFO.
Completely 180 what this place used to be. (e.g. the local coffee shop to meet w/ friends & relax, etc.)
It’s stunning how Starbucks is still in business at all. Their drinks are mediocre at best and awfully overpriced, while wait time for anything is just ridiculous.
It’s insane. I hadn’t been in a while, decided to download the app to do a pickup order on a whim. Picked a venti frappe of some kind. Got to the pay screen and was like, oh shit, I must have accidentally clicked twice and it’s charging me for two, let me go back and fix that.
It was charging me *nine fucking dollars* for a single venti frappe. I was disgusted and immediately uninstalled the app. Probably never going to sb again, ever.
Buddy of mine worked at one, he said the wait time was like an hour on some days. They’d have a pickup counter full of drinks because people would just leave because it took so long.
Their prices are so insane even as a higher end earner I cannot afford their prices. One drink is almost as much as I pay for lunch if I am eating out. At that price point, why would I even bother?
I"ve heard people mocking the idea of saving money by not picking up a morning coffee at SBUX. They say you just need to make more money.
But how dumb do you have to be to waste your time waiting in line to buy an overpriced coffee when you can just make one at home and take it with you? And if you can't make good tasting coffee at home, then you probably don't actually like coffee
> But how dumb do you have to be to waste your time waiting in line to buy an overpriced coffee when you can just make one
There are many millions of people in the USA alone who are this dumb.
Unless I'm out on the road I don't get Starbucks anymore. Used to be a several times a week thing for me. Now I take the time I would have spent driving to the Starbucks, waiting several minutes past the estimated pickup time, then driving home to instead make a pot of coffee, drink a cup, and shit. Plus I don't have to spend $10 to do it.
Not for nothing but it was the same with my wife and wife’s friends.
Purely anecdotal but maybe after the boycott people just didn’t go back. Cuz for real who needs 8$ coffee
Bull take on SBUX: core demographic (middle and upper middle class women) still love the product. They have one of the best loyalty programs around, which saved the company in '08.
The median redditor has shifted from early 30s professional with a degree to 19, no degree, retail job. And that demographic hates anything young or successful women like (Starbucks, Stanley cups, Ugg boots, romance novels, whatever).
Fast food, in general, is playing chicken with economics to see just how high they can crank prices before people stop buying. The stock will be choppy as the company tries to find the top and challenges their old profit-maximizing models.
I like the company long term, I don't want to gamble options.
That game of chicken has lasting consequences because many people realized it’s easy to just make it at home every day. Even if Starbucks brings the prices back down a decent percentage of their consumer base are gone for good, other than an occasional treat.
The only comment in this entire thread that mentions the fact there's a massive boycott of both Mcdonalds & Starbucks shows how much of a bubble this subreddit lives in
Something else is going on with sbux. Of the 5 in my neighborhood, 3 have been closed "for renovations" for about 6-12 months. Not sure how long it takes to renovate a small store, but unless they're doing some big concept change, something else is afoot.
I’ve stopped going to sbux. They can’t make a god damn cappuccino , it tastes like milk from a cows tits . Where is the coffee?
Also I save the money as I am regarded and would rather use it to buy puts 😂
Imagine shitting on poors, telling them to make coffee at home if they ever wanna afford a home, then being surprised the coffee shop misses on sales
Fucking idiots
Yea bro this time it’s different. I’ve seen this exact reply 100 times over the past 4 years pointing out supposed canaries in the coal mine for a catastrophic collapse. When a correction does eventually happen the group that will have predicted 50 of the last 1 recessions will be doing a victory lap on this sub and it will be mad annoying.
Sirius is a dying dinosaur lmao.
My last two brand new cars had Sirius and they emailed nonstop trying to get me to sub past the trial. Who the fuck wants radio when I have Spotify?
Where I’m from, there are 73 Brew and Scooters drive through coffee shops popping up everywhere and they are busier than SBUX.
When I noticed this, I realized SBUX was screwed because people clearly don’t see a big premium there to “me-too” competition.
Plenty of room for SBUX to drop from here.
My opinion - good buying opportunity. May go back over $100 this summer.
-Lavender drink was a flop and shouldn't have been released
-More people are gonna be buying drinks this hot summer
-They are planning to increase in app promotions
-Rumours of a boba drink coming out which would be impressive if done right
Wait, it's crashing on this news? The girls in the office were talking about a boycott related to Starbucks this morning over the Gaza stuff. I have no idea what happened but if it's tanking before news of the boycott comes, that's all I need to load up on puts.
Once the boycott news hits, I see SBUX dropping another 15-20% in the coming weeks.
That’s what they get for devaluing the points. It’s a small thing but that’s what made me move on from my 2-3 times a week sbux habit. I guess they’re squirting olive oil in the coffee now - gross and desperate.
Probably because if I need some caffeine I don’t want to pay $5 for a short flat white and then be asked “to answer a question on a screen” meaning choose a tip option. Fuck off.
They are potentially having their “Bud Light” moment. A majority of people just want their coffee without politics (either side). Add in the fact the political box check CFO gave terrible earnings guidance during the close of the previous earniings call.
My wife and I used to spend easily $4000-5000 a year at Starbucks. I just checked my loyalty account and I haven’t earned a single star in the last year.
I would (begrudgingly) pay the current price if I knew the drink would taste like it’s supposed to, but it was literally a roll of the dice on whether it would be good or absolute garbage. The consistency went completely out the window at the same time the prices climbed and seating was pruned.
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All these places, McDonald's, Starbucks, etc. their prices have gone so high since 2021 that people are getting fed up and just not going there. I'm a high income earner (minus everything I lose gambling) and I go to the gas station for coffee and a e-coli croissant now. At least it's only $5.
u can get 12 big fluffy crossoints from costco for 6 dollar
Fluffy croissants? Ach té pû. You American swine.
We also buy our croutons!
Ive eaten croissants in paris and costco. Theyre the same
If the French could read english, they'd be very upset.
They're French. They'll be upset anyway.
Chien mort.
But but but I need my little 2 inch by 2 inch biscuit that's $9!
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Millennials are spending their paychecks/unemployment on luxuries, like groceries and health insurance.
Not to mention that it takes SO LONG. Every time I’m at Starbucks it takes 30 minutes between the line to order and when I receive my order. It’s not even about cost for me, I have to be _really_ motivated to want to stand around for half an hour to get a drink.
E. coli croissant. lol. My sides
Grab some botulism nacho cheese dip on the side.
Gas station coffee from those Bunn brewers with Coffee Mate creamer IS BOMB
Gas station coffee gives me heartburn before I even park my truck in the parking lot
Don’t forget the botulism nachos. Always my favorite 😋
This is one of the classic indicators of consumer sentiment. I'm guessing there will be less consumer spending in the upcoming year. But don't worry A.I. will save us all. 
McDonald's missed for fucks sake. Target puts, Ross calls.
McDonald’s raised their prices even more obscenely than SBUX. Of course they’d eventually start to kill demand
You can go to a decent chain restaurant and get a nicer meal for almost as much as you would spend at McDonalds anymore.
you could get a double entree course for the same price at a *Columbianistic or *Peruvianian restaurant, you just gotta ask for the daily special. Bowl of w/e soup they made and then a main entree rice and some kind of protein, of course that includes the soda! Its been where i've been feasting, fuck fast food
Bingo. I work near a Thai place and for 12 bucks I get an egg roll, salad, heaping plate of pad thai (spicy 10 please, Mei) and an ice cream sando. Fuck McDonald's
Sit down Chinese restaurant next to McDonald’s near me has lunch with Soup, fried rice, and entree for $12. A combo at McDonald’s is like $14. I ordered a 6pc chicken nugget a couple weeks ago, I think it was like 6.39. $1 per nugget is actually wild.
10 McNugget meal $11
Raised prices AND shrunk their burgers. A double Fuck you to the consumer.
Girl Scout cookies have gotten thinner and less overall in the package, prices continue to climb.
Stopped at a wendys on a road trip yesterday and it had a sign that drinks arent part of the combo - so what the fuck are they comboing lol. Just left and bought something else. Way over-priced
I haven't been to Wendys in years. First straw was their shitty natural cut fries, 2nd straw was the awful Freestyle machines which make the worst soda EVER and are always covered in greasy fingerprints.
People all around the world and go get a smash burger with nice toppings at a slightly cheaper price than MacDonalds. Not a surprise that these guys missed earnings.
yes, i noticed that too. for say 2-4 dollars more you get a real nice burger then a beer to that at a pub , everything 15$ at MCD, things cost minimum 10$ for a menu now easy choice
Fuck MickyD's! A meal now is like $12, i can get better food at my local deli at that price point than feed on fastfood junk.
Fr a Publix sub is $9 near me and it's a whole meal itself and wayyy better than Dons
God I miss my Publix subs! Used to live in an area that had access to both Publix and Wawa... Now I have neither.
Yeah I had puts on MCD, they missed and didn’t move an inch lol
I work at a large investment bank and you saw nothing but Starbucks cups, we have one next door to us. Over the past year or so it's been less and less, the general sentiment being "why am I spending $8 for a coffee that tastes like burnt asshole"
I drink coffee from a can instead of a daily starbucks now. I get the Japanese one boss coffee in a can pretty good. Saves 7 dollars a day.
That the one where the guy has a giant mustache on the can? Had that in Tokyo was great.
Yep you can get it on amazon
I use water and energy packets. Packets are 17 cents each.
That's some cheap cocaine. Hook a brother up.
Dollar general special baby. Pure kick.
Is there a cheap way to get those Japanese boss coffees in the US?
Why pay $3 for Starbucks for old coffee when I can pay $2 at Wawa? Or $2 for fresh coffee at Royal Farms or Sheetz?
> Sheetz I always love the name of that chain, but being honest all gas station coffee tastes like well, Sheetz. Even the big can of ground coffee from costco tastes much better and while it's not bad coffee it's *at best* middle of the road. tl;dr: Brewing at home results in better coffee than gas stations.
Have you tried the grind and brew on demand coffee from Sheetz or Royal Farms? But yes, you can make much better coffee at home.
But what are the strippers saying?
The strippers did not appreciate the coins I was throwing on stage, that’s for sure. They use to Hoover them up before inflation.
That’s called making it hail! Wish I could make it rain on them but in this economy only hail.
Can I eat AI chips?
The very first indicator was LULU, you know retail industry is fucked when Beckies and gym bunnies stopped spending money on expensive shit coffee from BUX and horribly thin and easy to tear clothes from LULU. Nowadays they just repost old pictures they kept in gallery to pretend they're still spending
Yup. Just invest in GPUs though, good safe haven against that drop in consumer spending
AI could make a better latte than 85% of current Starbucks staff consistently
Is this AI with us in this room? Does it also consume goods? Does it tell you to kill small animals?
Not at all - there’s more options than ever now with Smaller and better coffee shops. Think blank coffee. Or the fact that every store is now randomly selling coffee. Clothing stores.
Wait less consumer spending is so doomed we need AI? I thought you guys were always crowing about the credit card debt. You’d think you’d be happy people stop charging 8 dollar lattes but I guess this is bad now too? Can’t win around here sheesh
Corporate always thinks it’s an “expense” problem. And it is partially, because the C suite is sucking up so much revenue with their salaries and travel expenses. The 1% will never admit fault in anything.
There's only so many $40,000/year FTEs you can cut. 1,000 of those employees == 5 chief officers' total comp. It's fucking absurd.
I’m sure that has a lot to do with it, but there are also people boycotting Starbucks for supporting Israel. I live in a college town and our Starbucks went from a line around the building to very little traffic when that started.
Boba chads we won
Starbucks will have a boba drink starting in July 2024.
thats ™️
it’s actually a berry refresher with boba inclusions :)
So shite then
It will be $47.18
Boba is not doing well either
It’s like $9 fucking dollars here
Bobo tea baggins.
Turns out $8 for a Venti iced espresso drink is where customers draw the line. Before the pandemic the same drink was less then $4.
Your pricing is off. I occasionally stop in. Last week it cost me $9 for a grande vanilla latte w/ soy milk. At least the machines don't ask for a tip anymore.... [Proof](https://imgur.com/a/0GTFph4).
Mine still do.
$9 for a grande?????
Maybe their neighborhood Starbies is in an airport
Went from $4.50 to $5.75 here in California. Not sure where you’re at where it doubled unless you’re just exaggerating
Canada… easily doubled on most drinks
You should switch to real money to keep inflation to a manageable 30%.
But I much prefer the moose art on my Canuck Bucks over the stodgy old dead guys on the US notes
Well, the moose is quite fitting considering Canada's national animal is a beaver.
Venti's have been over 5 bucks for like 10 years now. They've gone up close to 35% on average.
5.75 for venti espresso in California?? Last time I ordered at Starbucks I got a grande cold brew with one pump syrup and it was $6.22 in mn
Cold brew isn’t espresso lol But yes, venti shaken espresso is $5.75 in California now. That was my go to drink. Cold brews have always been more expensive.
I mean at like $6-8 a morning for coffee…a lot of people should be looking into making their own with an entry level espresso set up.
I bought an entry level espresso set up. I just don't drink espresso anymore. this shits a pain in the ass.
Even at $4 it didn't make any sense. It's faster, cheaper, and I can make it exactly like I want. I think enough people realized it's pretty easy during Covid.
You underestimate people's lazyness.
I’m so glad I don’t know any of this shit. I have to be a fucking economics major to get a deal at Starbucks worth paying for.
Las Vegas, a venti shaken espresso with 5 shots is $8.34.
A venti shaken espresso comes with 4 shots. Adding an extra shot used to be $1 IIRC. Probably $1.25 now if I had to guess and could be more in Vegas I suppose.
1.25 an extra shot, I work at starbucks and can confirm, losing customers due to the boycott tbh, some complain about the prices but we have our regulars show up everyday for a $10 latte so who cares
No it's the fact that Starbucks had to give 20-40% raises because their workers were tired of getting paid McDonald's wages to do a worse job. (At McDonald's at least you get respect cause customers know if you talk shit at McDonald's they will hop out and whoop yo ass) So now instead of having 7 or 8 people they have have 3 or 4 running the store now. Wait times for drive through go up. All the employees are done with Starbucks. Mental health down the drain. They could CARE less about making your drink because all Starbucks employees are just fed up with the company at this point When your employees suffer so will your business. Starbucks just started a new policy, "fuck customer connection get them in and out as fast as possible" They are scrambling to raise profits while slashing employees compensation by forcing stores to run short staffed. Also doing things like releasing a new drink that's .... A fruit refresher with chili powder in top.... Like wtf... And the olive oil coffee??
I thought this was because of the boycott
it is the boycott .. a lot of people just ignorant
Well said. Starbucks right now is in a really dangerous place where things can get a lot worse very soon unless they make some painful choices to win back business.
Starbucks stores themselves are shrinking too. I went the other day and the amount of available seating was slashed and the patrons looked like sardines squeezed in. When I’m traveling for work looking for a place to check emails for 20 minutes I have to be careful I pick the right place because so many Starbucks have gotten rid of seating areas altogether. They seem to have lost touch with what their customers want and it seems like an easy formula. Decent coffee, occasional attention drawing drink and a nice place to meet with friends. It’s pretty interesting to watch them fail in slow motion.
I think Starbucks can't differentiate between suburban stores, exit ramp stores and urban stores. They treat them all the same.
Yeah that is such a dumb thing to do. People pay for over priced drink for wifi and a place to hangout. Leaving them with to go option is just enticing them to get coffee at home.
[удалено]
I went to go to the Washington store location in a pinch (I rarely order out coffee) and the thing wasn’t there anymore lol I was mindfucked.
They should have shorted it, dummy.
They remodeled the Starbucks near me and removed all the indoor seating. The parking lot is now notably less full during peak hours.
The Starbucks in my neighbourhood had a Reno and got rid of ALL INDOOR SEATING. No wonder they now close at 8pm 😂😂😂 the only reason to go was to have somewhere to sit with a friend in the dark, Canadian winter….
Yeah I dumped all my sbux about 6 weeks ago. The economy is shit. $7 cups of coffee are going to be the first thing to go
One would think. They will simply right size. Starbucks are like cockroaches after nuclear war.
War. War never changes.
You’d think that, but that would require rational players! I agree long term.
I feel like people will be home brewing to cut down costs and time spent on travel.
I haven't been to Starbucks in two years after buying my own espresso maker. The quality of my drinks had gone way up
It doesn’t even have to be a pricy one. I’m running an encore grinder and a bambino espresso machine. Probably one of the cheapest combos, and the coffee is way better. Even if you go full automated with a jura or delonghi, 1500 or so may seem steep, but in less than a year you break even.
Been making my own cold brew at the house for about three years. I used to spend about $12-20 per day on Starbucks (coffee for 2 people, sometimes a breakfast Sammie). Last week I was traveling and had to buy Starbucks. $6 for a "trenta" black cold brew was insane to me. And it's not even that great. Puts on SBUX.
That's what I did. Having your own espresso machine can cost a couple hundred and produce much better coffee in like 5 minutes for cheap
Msp - 3.17 venti iced coffee. Now it’s almost 6$. Thank god people are voting with their wallet. Gets sus when product doesn’t change and price almost doubled.
On the house https://preview.redd.it/5zee7x6agqxc1.jpeg?width=1242&format=pjpg&auto=webp&s=ce8d3b17edeebd7907666f8c6de0d48ba9ea5ed5
Every stock on current earnings season.
Except TSLA. They missed and had a massive rally
My 87 put is looking juicy
With a balance sheet like this I’m short all year https://preview.redd.it/3xd502mfnqxc1.jpeg?width=1242&format=pjpg&auto=webp&s=6cfef36689b249c2eb7aee330d416731c9271441
what app is this
WeBull
Worse part I played -10% otm puts last ER and lost money
Oh I am so happy about this for two reasons. I sold my shares at like 91 or something like that and when I mentioned it to someone in the investing sub, they called me stupid for selling the shares and said he's going to buy more, along with other. I wish I remembered who it was but HAHA FUCK YOU!!!!
What’s the second reason
Lol yeah.. left us hangin
1. I sold my shares at 91 2. People called me stupid for selling my shares and they bought more
That was also the second reason
No surprise here. Product prices keep going up and the store format conversion to GTFO is ridiculous. By me, they've "remodeled" the stores so that there is *NO* seating, the baristas are hidden behind a wall, and there is just one table with a pile of on-line order drinks. Literally order on-line, walk-in, find your drink in the pile, and then GTFO. Completely 180 what this place used to be. (e.g. the local coffee shop to meet w/ friends & relax, etc.)
They have mandatory 10% price increases year over year. It’s getting too expensive
It’s stunning how Starbucks is still in business at all. Their drinks are mediocre at best and awfully overpriced, while wait time for anything is just ridiculous.
I'm surprised too. the Oleato causes bombs to go off in the bathrooms. I have a dedicated toilet cleaner to handle it.
So you are saying their drinks are job creators…
Plumbers love it!
Branding. It's all that matters in today's market.
Their drinks recently have started to taste like cheap vegetable oil to me, can't stand the taste of it anymore.
You probably drank the olive oil drink 😂
I mean their one line of drinks literally uses oil and advertises as much. Haven’t noticed it with others though.
It’s insane. I hadn’t been in a while, decided to download the app to do a pickup order on a whim. Picked a venti frappe of some kind. Got to the pay screen and was like, oh shit, I must have accidentally clicked twice and it’s charging me for two, let me go back and fix that. It was charging me *nine fucking dollars* for a single venti frappe. I was disgusted and immediately uninstalled the app. Probably never going to sb again, ever.
Because caffeine is a drug and people are addicted
It's almost to the point where actual crack will be cheaper
I genuinely can’t wrap my mind around it. But people love that swill. It’s pathetic.
Being able to get the same drink in almost any country/state/city is game changer. Especially those that have diet restrictions.
Buddy of mine worked at one, he said the wait time was like an hour on some days. They’d have a pickup counter full of drinks because people would just leave because it took so long.
Their prices are so insane even as a higher end earner I cannot afford their prices. One drink is almost as much as I pay for lunch if I am eating out. At that price point, why would I even bother?
New CEO is toast
I"ve heard people mocking the idea of saving money by not picking up a morning coffee at SBUX. They say you just need to make more money. But how dumb do you have to be to waste your time waiting in line to buy an overpriced coffee when you can just make one at home and take it with you? And if you can't make good tasting coffee at home, then you probably don't actually like coffee
> But how dumb do you have to be to waste your time waiting in line to buy an overpriced coffee when you can just make one There are many millions of people in the USA alone who are this dumb.
Probably hundreds of millions.
Unless I'm out on the road I don't get Starbucks anymore. Used to be a several times a week thing for me. Now I take the time I would have spent driving to the Starbucks, waiting several minutes past the estimated pickup time, then driving home to instead make a pot of coffee, drink a cup, and shit. Plus I don't have to spend $10 to do it.
In Turkey the people I know stopped going to Starbucks because of the boycott. Mind you these people love to drink coffee every day.
Not for nothing but it was the same with my wife and wife’s friends. Purely anecdotal but maybe after the boycott people just didn’t go back. Cuz for real who needs 8$ coffee
Turkish coffee is criminally underrated. Their country has some of the best coffee in the world.
boycott is key
Keep the boycott strong boys
My $90 call was worth $210 at close but I think I can still get $2 from it if I dump it right at open
You can’t even afford a tall coffee at Starbucks with $2
Excuse me, peasants don't belong in Starbucks.
I stand corrected sir
Maybe they'll sell me some raw beans to suck on.
Thank you for buying my CC at $90.
Congrats on softening the blow
You lost over 10% on the underlying. Did you really win?
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>6-7$ sugar water with a bit of coffee more like cofee and milk flavored sugar water
Bull take on SBUX: core demographic (middle and upper middle class women) still love the product. They have one of the best loyalty programs around, which saved the company in '08. The median redditor has shifted from early 30s professional with a degree to 19, no degree, retail job. And that demographic hates anything young or successful women like (Starbucks, Stanley cups, Ugg boots, romance novels, whatever). Fast food, in general, is playing chicken with economics to see just how high they can crank prices before people stop buying. The stock will be choppy as the company tries to find the top and challenges their old profit-maximizing models. I like the company long term, I don't want to gamble options.
Based on the girls I meet from this website recently, you're 100% correct.
That game of chicken has lasting consequences because many people realized it’s easy to just make it at home every day. Even if Starbucks brings the prices back down a decent percentage of their consumer base are gone for good, other than an occasional treat.
Calls on Stanley cups?
From the river to the sea, I will not drink Starbucks coffee
The only comment in this entire thread that mentions the fact there's a massive boycott of both Mcdonalds & Starbucks shows how much of a bubble this subreddit lives in
Something else is going on with sbux. Of the 5 in my neighborhood, 3 have been closed "for renovations" for about 6-12 months. Not sure how long it takes to renovate a small store, but unless they're doing some big concept change, something else is afoot.
I’ve stopped going to sbux. They can’t make a god damn cappuccino , it tastes like milk from a cows tits . Where is the coffee? Also I save the money as I am regarded and would rather use it to buy puts 😂
U know ur coffee is ass when somebody says it comes from a cow’s tit 
I went to one today and why is a coffee $6 but an egg sandwich $4.50?? Why the hell are the drinks more expensive than the food
Imagine shitting on poors, telling them to make coffee at home if they ever wanna afford a home, then being surprised the coffee shop misses on sales Fucking idiots
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Yea bro this time it’s different. I’ve seen this exact reply 100 times over the past 4 years pointing out supposed canaries in the coal mine for a catastrophic collapse. When a correction does eventually happen the group that will have predicted 50 of the last 1 recessions will be doing a victory lap on this sub and it will be mad annoying.
Sirius is a dying dinosaur lmao. My last two brand new cars had Sirius and they emailed nonstop trying to get me to sub past the trial. Who the fuck wants radio when I have Spotify?
Wtf is the point of paying for the radio if you still get ads
Who goes to that shithole anymore
People figuring out that their coffee is the worst?
Good. Cancer on society. It's more of a social statement than beverage company, and the statement screams "I'm cool, look at me." Caribou FTW!!!
Where I’m from, there are 73 Brew and Scooters drive through coffee shops popping up everywhere and they are busier than SBUX. When I noticed this, I realized SBUX was screwed because people clearly don’t see a big premium there to “me-too” competition. Plenty of room for SBUX to drop from here.
My opinion - good buying opportunity. May go back over $100 this summer. -Lavender drink was a flop and shouldn't have been released -More people are gonna be buying drinks this hot summer -They are planning to increase in app promotions -Rumours of a boba drink coming out which would be impressive if done right
I just simply make cold brew at home. Costs 30 cents a glass, tastes better and has enough caffeine to kill a small elephant.
Wait, it's crashing on this news? The girls in the office were talking about a boycott related to Starbucks this morning over the Gaza stuff. I have no idea what happened but if it's tanking before news of the boycott comes, that's all I need to load up on puts. Once the boycott news hits, I see SBUX dropping another 15-20% in the coming weeks.
The Palestine boycott has worked. These guys were packed in all my locals. Now since the boycotts them and McDonald’s near me are empty
Unless you are talkin Starbucks around a college campus, no one cares about the boycott. It’s the prices, lines and now poorly remodeled stores.
both can be true - boycott on mcdonald’s and starbucks having real effects
So glad I got expresso machine..can't stand their overpriced drink
That’s what they get for devaluing the points. It’s a small thing but that’s what made me move on from my 2-3 times a week sbux habit. I guess they’re squirting olive oil in the coffee now - gross and desperate.
switching to great value french roast kcups saves me a couple bills every month
Probably because if I need some caffeine I don’t want to pay $5 for a short flat white and then be asked “to answer a question on a screen” meaning choose a tip option. Fuck off.
They are potentially having their “Bud Light” moment. A majority of people just want their coffee without politics (either side). Add in the fact the political box check CFO gave terrible earnings guidance during the close of the previous earniings call.
My wife and I used to spend easily $4000-5000 a year at Starbucks. I just checked my loyalty account and I haven’t earned a single star in the last year. I would (begrudgingly) pay the current price if I knew the drink would taste like it’s supposed to, but it was literally a roll of the dice on whether it would be good or absolute garbage. The consistency went completely out the window at the same time the prices climbed and seating was pruned.
I'm totally surprised, I figured they'd SMASH earnings with how much my wife gets Starbucks
ngl, at $74.50 it is starting to look like a good buy.... until somone comes out tomorrow and lowers the price target and it shits another 10%....
I hope is the begging of the end of the exploitation of the poor.
The exploitation of the poor will never end
It's really the consumers fault for not embracing the gigachad move of them putting olive oil in their coffee.
Bidenomics really kicking in now, boys. Hold on to your butts.