You Might Have To Go to a Different Starbucks To Try This New Holiday Drink

The cold twist on a seasonal classic is only at Target locations.

November 17, 2025
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Photo by: Photo courtesy of Starbucks

Photo courtesy of Starbucks

Scene: You’re holiday shopping at Target and suddenly you’re parched. You want something cozy and suitable for the season, but also cold and refreshing — because shopping and stress and wearing your winter coat inside means I need something cool to drink right now.

Cut to: You, chilling out with a Frozen Peppermint Hot Chocolate. Smiling, probably.

Target and Starbucks have just teamed up to offer their first jointly launched holiday-exclusive drink. The new Frozen Peppermint Hot Chocolate will be available November 18 exclusively at Starbucks cafés inside Target stores nationwide.

What is Starbucks’ Frozen Peppermint Hot Chocolate?

The “festive … twist on a holiday classic” starts with a Frappuccino creme base and blends in mocha sauce, milk and ice. That combo is then poured over peppermint-flavored whipped cream and red and green sprinkles and then the whole thing is topped off with more peppermint-flavored whipped cream and red and green sprinkles. The brands are billing it as an ideal way to “add a little bit of holiday cheer to your Target run.”

Lisa Roath, Target’s executive vice president and chief merchandising officer of food, essentials and beauty, calls the new drink “fun,” “creative” and “delicious.”

“For so many people, a Target run starts with grabbing their favorite drink from Starbucks before browsing our aisles, so together we’re building on that magic with an exclusive, only-at-Target drink to add a little extra cheer to holiday shopping,” Roath says in an announcement.

How was the Frozen Peppermint Hot Chocolate developed?

Target’s food and beverage trend team and Starbucks’ product development and design teams considered Target customer tastes and favorite products — such as Favorite Day’s Peppermint Latte Hot Cocoa Bomb, Peppermint Dark Chocolate Mini Waffle Cones and Hot Cocoa Bar kit — and decided to lean into cozy, conceptualizing the Frozen Peppermint Hot Chocolate from there.

“We wanted to create something festive and fun just for Target guests,” Alicia Binion, from the Starbucks beverage development team, says in a press release. “The Frozen Peppermint Hot Chocolate is a delicious beverage that brings together rich chocolate and cool peppermint flavors, as well as red and green sprinkles for a pop of color and crunch. It’s a sweet way to pause during the holiday rush and enjoy a little seasonal cheer.”

How can you try the Frozen Peppermint Hot Chocolate?

You can order the Frozen Peppermint Hot Chocolate at Starbucks cafes in Target stores while shopping or for pickup through the Target app with Drive Up. The beverage is priced at $5.95 for a grande and up, although prices may vary. The drink is available starting November 18 for a limited time, while supplies last.

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