Starbucks Joins Forces With Uber Founder's CloudKitchens To Supercharge Sales Beyond Cafes
Portfolio Pulse from Shanthi Rexaline
Starbucks has partnered with CloudKitchens, a venture led by Uber founder Travis Kalanick, to drive sales beyond its traditional outlets. The company has experienced a 20% YoY increase in its delivery business and already has partnerships with Uber Eats and DoorDash.
June 07, 2023 | 8:32 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Starbucks' partnership with CloudKitchens may indirectly benefit DoorDash, as the coffee giant has recently expanded its collaboration with the delivery service.
Although DoorDash is not directly involved in the partnership between Starbucks and CloudKitchens, the coffee giant's recent expansion of its collaboration with DoorDash suggests that the delivery service may benefit indirectly from Starbucks' efforts to grow its delivery business.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Starbucks partners with CloudKitchens to expand sales beyond traditional outlets, leveraging its growing delivery business.
The partnership with CloudKitchens will help Starbucks expand its sales channels beyond traditional outlets, tapping into the growing demand for delivery services. This move is likely to have a positive impact on Starbucks' revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100