Starbucks CEO Schultz: No Plan at This Time to Raise Prices -Fox Business
March 11 2014 - 3:38PM
Dow Jones News
Starbucks Corp. (SBUX) Chief Executive Howard Schultz said in a
Fox Business Network interview that the company would prefer "a
more normalized" coffee price, but said costs "at this stage will
have no effect" on the company's ability to maintain its financial
guidance.
Mr. Schultz said "we can manage this." He said the company has
"more than one year's worth of protection on inventory and
contracts."
The chain has no plan at this time to raise prices, Mr. Schultz
told Fox Business.
Website: www.foxbusiness.com
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