Starbucks Corp. said rising coffee commodity prices would not impact projected earnings for next year, in part because of the company’s longtime practice of buying from multiple coffee regions. The statement issued Tuesday follows reports that the prices for raw coffee beans began to rise last month and that wheat futures spiked to their highest level in two years. Though the restaurant industry has enjoyed favorable year-over-year commodity pricing over the past year and a half, the ...
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Contact: Desiree Torres Desiree.Torres@penton.com