Competitor News

The breakfast/coffee space seems to be getting more popular of late as companies look to find opportunities there. We noted that Godiva Chocolates opened its first Godiva Café earlier this week in Manhattan and the privately-held company announced it is planning to open some 2,000 new units around the world with about 700 of them…

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Competitor News

Starbucks announced earlier this week that it is making enhancements to its loyalty program in order to attract new members to their program and engage them more quickly. Effective April 16, Starbucks Rewards members will be able to redeem rewards once they’ve accumulated 25 points vs. the current threshold of 125 points. The company claims…

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Competitor News

The only Tim Horton’s franchisee in Minnesota filed suit against the brand and its parent, Restaurant Brands International, last week in US District Court. The franchisee, Tim-Minn, had planned to open 280 stores in the state, but in its lawsuit, claims the brand used false and misleading information to attract Tim-Minn participation. According to the…

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Competitor News

A little over a week ago, North Carolina-based Duck Donuts announced it was expanding to Puerto Rico with the signing of a three-store development agreement with new Puerto Rican franchisees. The 65-unit brand specializes in made-to-order donuts. We also noted that Beijing-based coffee startup company Luckin Coffee, which opened 2,000 units last year and has…

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Competitor News

McDonald’s Corp. reported Q4 earnings showing modest US results on Wednesday of this week with SSS +2.3% but traffic down 2.2%. Although average ticket was positive at +4.5%, one of the largest ticket gains in recent history, US traffic remains weak, especially compared to other international lead markets. Breakfast also is still weak – the…

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Competitor News

Starbucks reported strong Q1 earnings yesterday and advised that global comparable store sales were up 4.0% during the quarter with ticket/pricing adding 3 points to growth. Americas SSS were reported at +4% vs. a projected 3.2%. Globally, the company claimed 541 net stores during Q1 accounting for a 7% growth year over year to a…

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Competitor News

Starbucks announced this week that it was changing course relative to its upscale Reserve Roasteries and Reserve coffee bars, redirecting its focus on traditional outlets. Under former CEO Howard Schultz, the company had planned to open as many as 1,000 new Reserve coffee bars, but current CEO Kevin Johnson has scrubbed those plans for the…

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Competitor News

Speaking of Starbucks, the company held its investor conference this week and clearly struck a confident tone, with major international growth planned especially in China (projecting 6,000 stores across 250 cities) and a domestic focus on growth in the Midwest. The company also announced a new partnership arrangement with Uber Eats in order to expand…

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Miscellaneous

We noted a number of surveys released over the past week that we thought you might have some interest in. First off, online used equipment dealer Bid-On-Equipment conducted a Google search study of the most popular fast food franchises to open across the country and released its results earlier this month. Based on Google search…

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Competitor News

Coming just a week plus after announcement of its Q4 earnings (Global SSS +3%, US +4%), Starbucks laid off as many as 350 corporate employees, approximately 5% of its total corporate workforce. The company’s progressive corporate reputation notwithstanding, one employee complained about the one hour notice she received to turn in all company equipment and…

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