Starbucks

Last week, Starbucks announced that the company would be testing out cold pressed espresso in a limited number of stores throughout 2021. The cold pressed espresso was initially introduced at the Starbucks Reserve Roastery in Seattle in 2017.  In addition, the company also announced that it would be rolling out large print and braille menus later…

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Miscellaneous

Starbucks Shareholders yesterday rejected an eye-popping executive compensation proposal for the C-Suite that included a $1.86 million payout for CEO Kevin Johnson as a performance bonus for fiscal year 2020 along with $50M in “retention pay” if the CEO were to stick around with the company through fiscal year 2022! Although the rejected resolution was…

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Starbucks Earnings

Starbucks reported Q1 sales and earnings on Tuesday of this week with both global and US same store sales slightly weaker than expectations at minus 5%. Like other QSR operators, the US same store sales trend worsened somewhat through December, but the company sees January coming in at minus 2. While the company reported US transactions were…

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Starbucks

A couple of days ago, Starbucks was upbeat hosting its 2020 Investor Day, at which the company announced that it will be rolling out an oat milk platform in 2021. At the same time, CEO Kevin Johnson also reported that US comp sales are currently negative low mid-single digits and that they’ve softened further in…

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McDonald’s News

McDonald’s reported Quarter 3 sales and profits above estimates earlier this week. US same store sales were plus 4.6%, with a strong September fueled by the Travis Scott meal and the spicy McNuggets LTO.  What got the most attention was a recap of its “Accelerating the Arches” strategy upcoming, which was advertised as the next…

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Starbucks

Like Dunkin Brands, Starbucks also held an earnings call yesterday reporting on its Q4 results. Overall, it beat analyst expectations, but its US business is in worse shape. US same-store sales were 9% negative, matching the 10 negative percentage points it has been trailing Dunkin US by throughout the spring and summer months. Its Q4…

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McDonald’s Adds Sweets To Breakfast and Workers

The Golden Arches will be dishing out sweets soon in 2 different directions and for 2 very different reasons. For the first time in eight years, McDonalds said it is adding baked goods to its breakfast menu in the hope of strengthening its weak breakfast daypart. The company announced this week that it would begin…

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Competitor News

According to Nicole Miller Regan of Piper Sandler, teen dollars that formerly went to Starbucks in a major way are now landing in the registers of Chick-fill-A and Dunkin’. In an interview this week with Kelly Evans on CNBC, Miller Regan spoke to the shift in teen spending and how Chick-fill-A knocked Starbucks out of…

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Dunkin’ Doings

It was overall a good report card for Dunkin’ with release yesterday by See Level HX of its 20th annual QSR Drive-Thru study. The 2020 version of this study added a new and unique component in that it reported generally – without identifying brands – on specific COVID-19 related safety issues and noted that 91.3%…

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Competitor News

In contrast to the more upbeat Dunkin presentation, the Starbucks CFO. Pat Grismer, also appeared before the JP Morgan Consumer Conference. He noted their US same-store sales improved from minus 19% in June to minus 11% in August. They did not expect to get back to even in the US until sometime in early 2021.…

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