How Starbucks' Focus on Plant-Based Foods Will Drive Revenue
Starbucks (NASDAQ: SBUX) is finally bringing plant-based meats to U.S. stores after serving the products in other global markets. This follows the company's move toward plant-based milks and other actions to promote sustainability.
Starbucks is taking a bit of a break from revenue growth due to COVID-19, but it hasn't stopped releasing new products and adapting to changing customer habits. These are traits that will serve it well in the long term.
Starbucks says that it has been committed to ethical sourcing since it was founded in 1971. According to its most recent sustainability report, released on Wednesday, more than 99% of its coffees and teas are ethically sourced. Starbucks has also piloted several reusable cup programs that it plans to replicate.
Source Fool.com
