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…

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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…

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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…

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Competitor News

Starbucks made news this week on both the domestic as well as international fronts. First, the company announced this week that it was expanding its happy hour buy one get one free deal to include all hand-crafted beverages in grande size or larger. The expanded menu includes some of their priciest items such as the…

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Competitor News

Earlier this past summer, Canadian-based Tim Horton’s introduced its new plant-based Beyond Meat breakfast sandwich and Beyond Burger as limited-time offers across Canada. With sales for the meat substitutes running higher than expected, the RBI-owned coffee and donut chain will continue to offer both at most stores in the provinces of Ontario and British Columbia.…

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Competitor News

Wendy’s plans to jump into the deep end of the breakfast pool in 2020 with plans to expand breakfast to all 6700 stores in the system. President and CEO Todd Pinegar announced the planned launch this week and explained the company is prepared to spend some $20 million on the breakfast expansion.  Currently, the company…

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Starbucks

CFO Pat Grismer presented to the Goldman Sachs conference earlier this week and gave a brief look at US operational developments with Starbucks’. Interestingly, he made some of the very same points that Dunkin Brands did in 2017 and 2018 when the Dunkin Blueprint was implemented. Starbucks acknowledged they would stay beverage focused to drive…

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Competitor News

Having been targeted over the past however many months by SEIU, Fight for $15, and the #Me Too Movement, McDonalds is heading into a more educational mode. The Golden Arches announced that it will launch a new series of educational training programs over the next few months with a focus on creating “healthy relationships and…

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Competitor News

Although they haven’t taken or scheduled any formal actions yet, unionized workers at a supply distributor that services about 900 Starbucks formally authorized a strike last week. The workers, approximately 300 drivers and warehousemen, and members of the Teamsters Union Local 710, are employed at 4 DPI Specialty Foods Inc. facilities in Chicago, Indianapolis, Minneapolis…

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Competitor News

After opening new corporate offices and a test kitchen, Krispy Kreme opened a newly designed store in Charlotte a few weeks ago. Their first comprehensive redesign in over 10 years, the new store boasts digital and interactive features along with an expanded menu. Likewise, Tim Hortons unveiled their first new “Innovation Café” on the first…

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