Nothing beats a morning at Disney! The only way to make your morning better is by grabbing a cup of coffee! However, be prepared to pay a bit more later this year when Starbucks raises their prices.
Even the Starbucks locations at Disney will be raising their prices. This includes the locations at all four Disney World theme parks and Disney Springs.
“We have already taken pricing actions this fiscal year, one in October 2021 and another in January 2022,” CEO Kevin Johnson said at Starbucks’ first-quarter earnings call Tuesday. “And we have additional pricing actions planned through the balance of this year, which play an important role to mitigate cost pressures.”
Related: ‘Mickey & Friends Motorcade’ at Disney’s Hollywood Studios Ending on February 12th
“We anticipate supply chain disruptions will continue for the foreseeable future,” Johnson said, noting that inflation and staff shortages had been amplified “well in excess of our expectations” because of Omicron.
Other companies across the US have raised prices to deal with inflation and staffing shortages, too. Starbucks’ price hikes in October and January hadn’t had “any meaningful impact” on customer demand, Culver said.
But Rachel Ruggeri, the company’s chief financial officer, said that higher sales and price hikes in North America “were largely offset by investments in-store partner wages, high inflation, as well as increased spend on new partner training, onboarding, and support costs to address labor market conditions.”
No details yet on what the price increase will be, but we will report the news when more information becomes available.
Related: You can now have the 50th Anniversary Logo on your coffee at Joffrey’s Coffee
Check back here on Chip & Co. for the latest theme park and entertainment news updates!
Credit: Business Insider
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