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Starbucks brings back pumpkin spice to fall drinks, bakery items

Yahoo Finance's Brian Sozzi and Brad Smith taste test Starbucks's fall menu items, including the famed Pumpkin Spice Latte and other offerings such as scones, cake pops, and muffins.

Video Transcript

BRAD SMITH: It is time for Cut for Time, three stories, one minute each. And we start with this. Fall is already here at Starbucks. The coffee chain launched its seasonal menu today, which includes the renowned Pumpkin Spice Latte and last year's newcomers the Apple Crisp Macchiato and the Pumpkin Cream Cold Brew here. And we've got some tasty treats here on set with us and on our persons today as well here, as I've got this little owl friend here.

BRIAN SOZZI: Yeah, I like it. Let's just remind folks too. All of this is very critical because all of this one way shows up in the financial statements of Starbucks, impacts their stock price. There we go. We tied that all in.

So let's try some of the stuff here. As you can see, this is the Grande Apple Caramel Oat Macchiato. So it smells like-- I don't know-- fall in my mouth. Let's see. It's kind of creamy, kind of strange. Don't like the consistency. Smells very, very weird, very, very weird. What do you have?

BRAD SMITH: There trolling me with this one. This is a Grande PSL with oat milk. I hate PSLs.

BRIAN SOZZI: I thought you ordered whole milk.

BRAD SMITH: I did. So I think--

BRIAN SOZZI: This is going to go. This is not done after 30 seconds.

BRAD SMITH: Yeah, all right. So I got to try this now.

BRIAN SOZZI: Try it.

BRAD SMITH: Yes, local man who does not like pumpkin spice lattes.

BRIAN SOZZI: You're pouring it in your Yahoo Finance cup. While you do that, I'm looking at the Starbucks scone, which is very greasy, a little hard to touch, not surprised. Starbucks' food is historically not good. But again, you get that fall smell. Smells so good.

BRAD SMITH: OK, the scone is one thing. But the muffin is where it's at.

BRIAN SOZZI: Oh, I dropped half of it on the floor.

BRAD SMITH: The cream cheese, exactly, it crumbles in your hand. What are you going to do with that? Half of it-- now we're making messes in the studio here. This is why we have roaches in the studio.

BRIAN SOZZI: I mean, no comment. How's the cake pop? You god of to bite the head off. We got to get a Twitter photo.

BRAD SMITH: It's just a little ear of it, all right?

BRIAN SOZZI: You got to go.

BRAD SMITH: There we go. That is actually really good.

BRIAN SOZZI: He doesn't want to go too viral, folks.

BRAD SMITH: OK. So now here's the PSL. All right, here we go, to wash down the cake pop.

BRIAN SOZZI: OK. Fall in your mouth here, folks. Fall in your mouth.

BRAD SMITH: It's not bad.

BRIAN SOZZI: It's not bad? Are you a convert?

So we also got the pumpkin spice-- I'm going to keep going. We also got the pumpkin spice muffin. This looks like it's kind of filled with cream but not really. So this is Starbucks may be trying to improve profit margins here by not pulling any putting cream all the way in the middle of their cupcake. Not a good job by Starbucks.

I'll just taste the cream here. Let's see if it tastes like cream.

BRAD SMITH: You haven't had this before though?

BRIAN SOZZI: Faux cream cheese.

BRAD SMITH: I used to get these every day.

BRIAN SOZZI: Not a fan. I really made a mess of it.

BRAD SMITH: This is a return item to the menu.

BRIAN SOZZI: You like this?

BRAD SMITH: Oh, I love the muffin. The muffin with the cream cheese in it? Yeah, it doesn't go all the way, but it's still pretty good.

BRIAN SOZZI: Do we have to talk about other things?

BRAD SMITH: Yeah, I guess there's another story, the New York Yankees.

BRIAN SOZZI: We need to do these to keep the team happy.

BRAD SMITH: Ah, the Yankees.

BRIAN SOZZI: The New York Yankees commercial arm, Yankee Global Enterprise, is joining RedBird Capital Partners and a Los Angeles investment fund in a takeover of a professional football club, AC Milan, the reigning champion of Italy. Oh, my hometown, there we go. RedBird agreed on a deal valued at 1.2 billion euros or just above $1.2 billion and signals a strong US appetite.

I think the team doing that because they knew we'd clearly be eating Starbucks into a professional football team. Makes sense. Don't they, this team, play games at Yankee Stadium?

BRAD SMITH: Yeah.

BRIAN SOZZI: Yeah.

BRAD SMITH: I mean, that's great. Can we go back to the cake pop though? I mean, because honestly I think this thing is amazing. It's really good.

BRIAN SOZZI: I like the owl.

BRAD SMITH: You got to try the other half?

BRIAN SOZZI: No.

BRAD SMITH: OK.

[LAUGHTER]

BRIAN SOZZI: I can say some-- I'm not even going to get into this.

BRAD SMITH: Yeah. I mean, look, here's the thing. All right, I've had a lot of pumpkin spice latte hate that I've put out there. And I know this, and I accept that.

BRIAN SOZZI: Your final take. Are you a buyer of the $9 PSL?

BRAD SMITH: This thing is $9?

BRIAN SOZZI: No, I think it's like $6, $6.50, something like that. It's up 5% year over year.

BRAD SMITH: $6? That's kind of a lot. I don't know. I'd cap out about $4.

BRIAN SOZZI: Well, I hate this apple thing nonetheless.