Starbucks feels the heat as more chains compete for US coffee drinkers
Associated Press
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Executive Vice President and Chief Operating Officer Mike Grams speaks during the Starbucks Investor Day event, with an image of the company's Mastrena 3 espresso machine, in New York, Thursday, Jan. 29, 2026. (AP Photo/Richard Drew)A Ristretto model of future Starbucks stores is displayed during the Starbucks Investor Day event, in New York, Thursday, Jan. 29, 2026. (AP Photo/Richard Drew)Signage displays in the window and a cup sits on the counter of a Luckin Coffee store in New York, Friday, Jan. 30, 2026. (AP Photo/Richard Drew)Pedestrians pass a Luckin Coffee store in New York, Friday, Jan. 30, 2026. (AP Photo/Richard Drew)Employees work in a Luckin Coffee store in New York, Friday, Jan. 30, 2026. (AP Photo/Richard Drew)
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Executive Vice President and Chief Operating Officer Mike Grams speaks during the Starbucks Investor Day event, with an image of the company's Mastrena 3 espresso machine, in New York, Thursday, Jan. 29, 2026. (AP Photo/Richard Drew)