Competitor News

It’s baaaaack, or so it will be.  Krispy Kreme announced it will return to the Chicago market in November with the opening of a new-designed store in the Chicago suburb of Homewood.  Krispy Kreme, which hasn’t been in the Chicago area for at least the past seven years, plans two more stores next year. Their…

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Competitor News

Notwithstanding significant past struggles with going international, an agreement with investors to develop Tim Hortons stores in the Philippines was announced last week.  Now owned by Burger King parent Restaurant Brands International, the company is looking to replicate the successful Burger King international growth model for the Canadian coffee and donut chain.  Tim’s also reported their…

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Competitor News

It was reported this week that Starbucks is acquiring an ownership stake in Italian bakery Princi, with 4 locations in Italy and one in central London.  The company also made headlines this week when it announced that it was increasing wages across the board by 5% up to the manager level and adding further enhancements…

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Competitor News

Starbucks will be hiking their beverage prices by as much as $ .30 beginning next week, almost exactly one year since the company last raised its prices in July, 2015. This time around, the increase actually came to light because of a computer glitch in that the new prices were added to the POS system…

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Competitor News

A California judge will hear another lawsuit against Starbucks in which the company is accused of under-filling its beverages.  This time, their latte is the cup of contention with plaintiffs alleging that a 16 ounce cup is only intentionally filled about 75%.  The latte class action follows a cold beverage class action filed in April…

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Competitor News

Earlier this year, Wendys acknowledged that the POS system used by many of its franchisees had been breached, subsequently estimating in May that approximately 300 stores were affected.  This week, the company acknowledged that the actual number of stores with malware infecting their POS system could be “considerably higher”.  McDonalds has announced that it will…

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Competitor News

Starbucks has now teamed up with In-Bev to produce, bottle, distribute and market Teavana ready-to-drink (RTD) tea sometime in the first half of 2017.  According to the company, Anheuser-Busch parent In-Bev will handle production, bottling and distribution in the effort.  Reportedly, the RTD Tea market has enjoyed 16% growth over the past five years.

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Competitor News

In their ongoing quest to develop a stronger and more consistent lunchtime customer, Starbucks began promoting an $8 “Power lunch” this week.  The limited time offer incorporates a choice from 24 items including sandwiches, panini, salads, or wraps among other items.  The options do not include coffee or tea.  Dairy Queen announced last week that…

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Competitor News

The big news of this week was clearly the pending acquisition of Krispy Kreme by the privately owned JAB Holdings.  The acquisition, at $21/share calculates at 19 times enterprise value according to DDIFO Restaurant Analyst John Gordon.  As JAB is private and will take the chain private, we will not know what is going on…

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Competitor News

The Missouri Supreme Court has rejected the argument of Krispy Kreme that sales in the Show Me state should be taxed at the 1% rate that applies to grocery stores rather than the 4% tax assessed on sales at restaurants.  In pressing its case, the North Carolina-based chain put out a detailed study on bakery/doughnut…

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