Starbucks feels the heat as more chains compete for US coffee drinkers
Associated Press
1 / 5
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)
Copyright 2026 The Associated Press. All rights reserved
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)
