Is Starbucks planning a home soda machine?
The company files to trademark the term 'Fizzio,' drawing speculation that it might go after SodaStream's market.
Starbucks (SBUX) is looking for new beverage worlds to conquer.
The coffee and cafe giant has aggressively jumped into the fresh juice drink market, but it also has its sights set on the legion of consumers for whom a soft drink isn't a really soft drink unless it fizzes.
Last month, the Seattle company filed with the U.S. Patent and Trademark Office to make the term "Fizzio" its very own. According to The Associated Press, the filing says the Fizzio name would be for a new line of beverage machines and well as drinks. A Starbucks spokesman told The AP the filing was linked to the company's testing several flavors of carbonated drinks at its Atlanta, Ga., and Austin, Texas, locations -- and that, so far, the reponse in the test markets has been positive.
Starbucks has a hearty appetite when it comes to expansion and diversification. Along with its push into fresh juice drinks, it reportedly spent nearly $15 million in advertising last year to herald the arrival of its Verismo coffee system -- a direct challenge to the ground-breaking Keurig one-cup brewing device pioneered by Green Mountain Coffee Roasters (GMCR).
And last year, as The Wall Street Journal reported, Starbucks made its biggest acquisition to date by purchasing high-end tea retailer Teavana Holdings for $620 million.
There's word, meanwhile, that Fizzio will also have an in-home line of devices, similar to the do-it-yourself carbonated drink systems SodaStream International (SODA) currently has on the market -- although a Starbucks spokeswoman told Ad Age the company "not announced any plans about expanded availability" and doesn't have plans "for an at-home machine at this time."
And Hedgeye's managing director, in an interview with Ad Age, says he expect Starbucks' trademarking of the Fizzio name could be a way to "cover their bases" ahead of a product roll-out that may still be a few years down the road.
More from Benzinga
- Can GM Poach Customers from Tesla with the Cadillac ELR?
- Fiat CEO Denies Discouraging Investors from Chrysler IPO
- Starbucks Squeezing Its Way Into Larger Market Share
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The solid report comes a month after the retailer closed all of its Canadian operations.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.