Competitor News

McDonalds Corp announced last week that it had suspended its all-day breakfast menu until further notice.  The all-day McDonald’s breakfast menu launched nationwide back in October, 2015. Chipotle announced that it was giving 10% raises to its hourly workers through April 12, after which apparently those same workers will see a 10% reduction in their…

Read More »

Competitor News

Starbucks announced this week that it had reopened 95% of its stores in China including a number of them in Wuhan, Hubei Province – where the coronavirus originated. McDonalds Corp. this week announced that as of Monday, March 23, it had closed all 1,270 of its stores, drive-thru included, in the United Kingdom and Ireland.…

Read More »

Competitor News

Panera, owned by JAB Holdings, made headlines this week with its launch of a new coffee subscription service nationwide. According to the company, subscribers, who must be loyalty members, will pay a monthly fee of $8.99 and be eligible for a “free” hot or iced coffee or tea every 2 hours. Starbucks also recently announced…

Read More »

Competitor News

In its Q4 earnings call with investors just over one week ago, Restaurant Brands International (RBI) CEO Jose Cil confessed that earnings from the Tim Horton Brand had dragged overall results for RBI. The Canadian coffee and donuts chain saw comparable store sales drop 4.3% in the fourth quarter while system-wide sales growth dropped almost…

Read More »

Competitor News

Ohio-based burger chain Wendy’s joins the breakfast daypart competition in a big way on March 2 when the chain launches its new breakfast menu system-wide.  The company has thus far limited its breakfast test to 300 stores, but anticipates the new breakfast platform will deliver 6% to 8% of sales and a 10% growth in…

Read More »

Competitor News

As more QSR brands engage their customers with plant-based additions to their menus, Tim Hortons is going the other way with an announcement this week that the company has removed its Beyond Meat offering from all stores within the provinces of Alberta and Calgary. Tim’s had previously ceased offering plant-based options in all Canadian stores…

Read More »

Dunkin’ Doings

Entrepreneur Magazine released its annual Franchise 500 report last week and for the first time in the 40 year history of the Franchise 500, Dunkin’ came out on top – the # 1 franchise! Not that that result should be a surprise as Dunkin’ has “made the grade” and been ranked in each of those…

Read More »

Competitor News

Krispy Kreme walked back its earlier decision to bring the hammer down on enterprising college student Jayson Gonzalez. The college senior was driving 8 hours one way to Iowa to purchase dozens of Krispy Kreme donuts weekly. He would then drive back to his college in Minnesota where there are no stores and resell the…

Read More »

Competitor News

Away from earnings reports and the like, there were a number of other announcements recently that we thought we would pass along to you. Gloria Jeans, the California-based specialty coffee company continues its expansion with a new franchise agreement to open 5 new stores including a kiosk in the RDU Galleria North Carolina. The company…

Read More »

Starbucks

Starbucks reported exceedingly strong Q4 earnings this week with comparable sales up 6% in the US and Rewards Membership increasing 15% year over year to a current enrollment of 17.6 million! In other recent news, Starbucks announced last week that it was investing $10 million in four community lenders to drive economic opportunity in some…

Read More »