Apr 21, 2024 · coffee industry · Starbucks pricing
Maine offers the lowest average price for a cup of Starbucks coffee at $4.44, standing out as the most affordable state for coffee lovers compared to its neighbors and other states. PriceListo's recent study highlights that in Vermont, Starbucks coffee costs an average of $5.73 per cup, marking the highest state average in the U.S. The analysis points to factors like local sales taxes and cost of living as reasons for price variations across states. Meanwhile, Starbucks continues to see a strong financial performance, with an 11% increase in net revenues, reaching a record $9.4 billion in the last quarter. This growth is attributed to innovative menu offerings, a robust rewards program, and significant social media engagement, despite rising costs due to new labor laws.
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