Competitor News

Just over one week ago, Starbucks CFO Pat Grismer presented at the Piper Jaffray 2019 Consumer Marketplace Conference and in terms of US news, he noted the nitro rollout throughout the balance of the US would be completed by September. He also reported that they were working on store footprint portfolio changes, such as drive-thru…

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Competitor News

In a classic understatement, Tim Horton’s owner, RBI held its first ever analyst day this week. In his presentation, Tim’s President Alex Macedo admitted “as we expanded Tim’s south into the US, we did not get the sales levels we expected”. Tim’s currently has about 700 stores in the US, with half of those in…

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Competitor News

Tim Hortons sales growth missed investor expectations last week with the company reporting same store sales drop of 0.6%, down 0.3% from the prior year and blaming the drop on bad weather in Canada early in the quarter. Trying to put a shine on that sneaker, CEO Jose Cil pointed to enthusiastic guest reactions to…

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Starbucks Earnings

Starbucks reported 2nd quarter earnings yesterday and our analyst reports that their sales and earnings results were solid but not overpowering. America’s same store sales were plus 4%, with transaction counts flat and their average ticket 4% higher.  In the US, Starbucks continues to both open and close stores in tandem. Management noted they were working…

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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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