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Is Starbucks stock under pressure as a result of frivolous lawsuits? Coffee expert Jeff Siegel discusses what this means for shareholders.
Jeff Siegel / Apr 8, 2024 ONE Coffee Stock Could Earn You 1,800%?? I recently read an article about how Starbucks (NASDAQ: SBUX) is being sued for discriminating against lactose-intolerant customers, and how this incident could affect Starbucks stock.
No, this is not satire. This is very real. CBS News reported that three lactose-intolerant women filed a lawsuit earlier this month against Starbucks. They claim that an extra charge for non-dairy alternatives is discrimination. The "excessively high" fee alleged in the suit involves a surcharge on beverages that contain non dairy milks. To clarify, non-dairy milks typically cost more than regular dairy. Per 2022 data, non-dairy milks run about $7.87 per gallon compared with $4.21 per gallon for cow's milk.
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