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Will Starbucks (SBUX) Stock Benefit From Coffee Delivery Service?

NEW YORK (TheStreet) -- Starbucks (SBUX - Get Report) announced today that it will pilot a food and beverage delivery service at New York's Empire State Building.

About 12,000 office workers at the skyscraper can now order coffee, espresso beverages, breakfast or lunch and have it delivered through "Green Apron Delivery" service within 30 minutes. Customers will be charged a $2 delivery fee.

"With Starbucks Green Apron Delivery, we've simply moved that moment of connection between our customer and the barista from our place to theirs," said Cliff Burrows, group president, U.S. and Americas.

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This is one of the company's plans for growth, Fortune reports.

Earlier this year, the company said it would begin testing out delivery services in the second half of 2015.

Starbucks shares are declining 0.62% to $60.17 on Tuesday.

Separately, TheStreet Ratings team rates STARBUCKS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

We rate STARBUCKS CORP (SBUX) a...


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