25-08-2022 16:28 via krqe.com

Is Starbucks' Pumpkin Spice Latte inflation-proof?

(NewsNation) — Faced with inflation, some consumers have chosen to hold back discretionary purchases, but Starbucks drinkers have remained loyal.
Coffee sales at grocery stores performed well at the onset of the pandemic in 2020, spiking in mid-March. By September, Americans had reduced buying in supermarkets by 15%, according to a report from Reuters at the time.
In 2021, coffee outperformed other spaces in the dining sector for much of the year, but foot traffic halted in step with the o
Read more »