Starbucks is going to stop selling the olive oil-infused coffees it debuted last year. Sales will end next month, a Starbucks spokesperson told FOX Business.
Starbucks will stop selling the olive oil-infused coffees it debuted last year. Bloomberg first reported Tuesday that the coffeehouse chain plans on "saying goodbye" to the Oleato coffee drinks once and for all come early November. A spokesperson for Starbucks confirmed to FOX Business the Oleato line was being discontinued next month. The chain makes changes to its offerings on a regular basis, the spokesperson added.
The drinks were originally launched in 2023, when Starbucks added them to menus in Italy. Howard Schultz, who headed Starbucks as CEO for two stints and interim CEO for another, said in February 2023 he had become "captivated by a transformation idea" of combining coffee and olive oil, helping bring about Oleato.
The company plans to release its financial results for the fourth quarter Wednesday. In preliminary results announced last week, Starbucks said it generated $9.1 billion in net revenue for the fourth quarter. Its quarterly diluted net earnings per share, meanwhile, was $0.80. Daniella Genovese contributed to this report.
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