Starbucks expanding partnership with Uber Eats

During Starbucks' investor day, Chief Operating Officer Roz Brewer announced that Starbucks is expanding delivery availability in a partnership with Uber Eats. The partnership, which started with a trial in Miami, is expected to bring delivery to about a quarter of its U.S.-based, company-owned stores by the end of Q2. Brewer noted, "In locations where drive-thru isn't feasible we are testing platforms like delivery." Speaking about the profitability of delivery, Brewer said she was "encouraged" by the 'expanded ticket" the company was seeing with delivery orders. In late afternoon trading, Starbucks was higher by more than 1% to $66.96.