- **Q: What new protein drinks has Starbucks launched?
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Food / Starbucks
Starbucks is betting on a protein boost to revitalize its turnaround strategy. The coffee giant has launched a new line of Protein Lattes and Cold Foam drinks in the U.S. and Canada, available year-round. This move aims to capture the growi...
Starbucks' introduction of protein-enhanced beverages marks a significant step in its ongoing turnaround strategy. The new lineup includes Protein Lattes and Protein Cold Foam drinks, designed to appeal to health-conscious consumers. The launch is part of CEO Brian Niccol's strategy to modernize the menu and drive sales through innovative offerings.
**Background Context:** Starbucks has been experimenting with new beverages to increase sales, with mixed results. Previous attempts, such as the Summer-Berry Refreshers and Lavender Oatmilk Matcha, did not significantly impact the company's growth. The new protein beverages are being introduced through a structured "Starting 5" stage-gate process to better gauge customer demand and operational efficiency.
**Menu Details:** - **Protein Cold Foam Drinks:** - Iced Banana Cream Protein Matcha (24 grams of protein) - Iced Vanilla Cream Protein Latte (26 grams of protein) - Chocolate Cream Protein Cold Brew (19 grams of protein) - Flavors include banana, vanilla, chocolate, matcha, salted caramel, and more. - **Protein Lattes:** - Sugar-Free Vanilla Protein Matcha (28-36 grams of protein) - Sugar-Free Vanilla Protein Latte (27-29 grams of protein) - Protein Matcha (28-36 grams of protein) - Vanilla Protein Latte (27-29 grams of protein) - Customers can add Protein-boosted milk to any beverage for an additional charge, adding 12-16 grams of protein.
**Financial Impact:** Wells Fargo analysts estimate the launch could add roughly 2.5 percentage points to U.S. same-store sales. Capturing 10% of the U.S. market for quick-service protein drinks could represent a $1 billion sales opportunity.
**Actionable Takeaways:** - **Consumers:** Explore the new protein-enhanced options for a healthier twist on your favorite Starbucks beverages. - **Investors:** Monitor the sales impact of the new protein drinks as an indicator of the success of Starbucks' turnaround strategy. - **Competitors:** Take note of Starbucks' approach to menu innovation and its potential impact on market share.
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