April 30, 2008 / 6:16 AM / 11 years ago

Starbucks to reveal plans for two new drinks - WSJ

NEW YORK, April 30 (Reuters) - Starbucks Corp (SBUX.O) has plans to unveil two new drinks on Wednesday, the Wall Street Journal reported, as the Seattle company attempts to rejuvenate its coffee store business.

The two lines of drinks — a smoothie-like beverage made of fresh fruit and whey powder, and another sweet, icy drink — come as the company says it is in the initial stage of a broader push into healthier drink and food products, the report said.

Flavors the coffee store chain has developed include chocolate banana and orange mango, the report said.

While the fruit drink will be available in all U.S. shops, the icy beverage, developed with an Italian company, will be sold only in select areas like Southern California, according to the Journal.

The price and names of the drinks were not revealed.

Starbucks has claimed to be the latest victim of the U.S. mortgage meltdown, as it blamed troubled housing markets in California and Florida for slowing sales, and slashed its quarterly and 2008 profit forecast below Wall Street targets.

The company is expected to announce second-quarter results later on Wednesday.

Company representatives were not immediately available for comment.

Reporting by Aarthi Sivaraman, editing by Elizabeth Fullerton

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