Starbucks (NASDAQ:SBUX) has launched its brand-new FoodShare program.
Here are seven things to know about the service:
- It offers ready-to-eat meals to Feeding America food banks to U.S. locations.
- The first version of this program is being offered in San Diego following a pilot program that fed those in need with 625,000 meals thanks to donations from 190 Starbucks stores. 1 in 8 San Diego citizens face hunger every day.
- Donations are picked up with refrigerated vans from Starbucks stores seven days a week, all year.
- Drivers check food items ahead of each delivery to ensure that they are fresh and ready to eat.
- Starbucks is offering Paninis, salads, yogurt, breakfast sandwiches, baked goods and more through the program.
- In its first year, the program will offer 5 million meals to those in need, with this figure increasing in subsequent years.
- Over the following five years, Starbucks will make an effort to rescue 100% of its food items that are not sold throughout the day in order to help the homeless, families that are unable to make ends meet and others in need.
“Starbucks has truly shown their commitment to hunger-relief,” said Al Brislain, CEO of Feeding America San Diego, the company’s partner through the program. “With 1 in 8 San Diegans facing hunger, FoodShare will make a huge difference for those we serve and exemplify what we can accomplish when we work together.”
SBUX stock is down 0.6% Tuesday.
