Competitor News

McDonald’s reported their Q4 2015 and full year earnings earlier this week and both US and worldwide same store sales were much stronger than anyone expected, setting off an endless wave of speculation that “McDonald’s was back”.  However, our restaurant analyst, John Gordon of Pacific Management Consulting Group, explained that all day breakfast offerings were…

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Competitor News

Starbucks reported Q1 earnings yesterday and while performance vs investor expectations was mixed, store level details were impressive. US same store sales were up 9%, traffic up 4% and ticket 5%. The magnitude of both sales components being so strong is quite rare in the restaurant sector.  Loyalty rewards numbers were up 50% over two…

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Competitor News

Tim Horton’s plan for growing more quickly in the US would seem to be centered in central Ohio as the Canadian coffee and donuts chain last week announced a second development agreement for new stores over the next six years.  Reports do not specify the number of stores to be developed, only that “aggressive development…

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Competitor News

The big coffee news this week included the fact that Keurig Green Mountain was being acquired for just under $14 billion by JAB Holding Co.  Just in the past few years, the company has acquired Peet’s Coffee & Tea, Caribou Coffee, Einstein Bagles, Stumptown Coffee Roasters and Intelligensia Coffee.  Bloomberg reports that the company has…

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Competitor News

It was reported this week that Krispy Kreme Donuts has almost completed the national rollout of its mobile app and rewards program.  The company first began the mobile rewards program a number of months ago.  We also noted that McDonalds Corp is revamping their drive-thru procedures in the hope of improving their customer’s experience and…

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Competitor News

Tim Horton’s, the Canadian coffee and donut franchise, has rather unceremoniously vacated parts of the state of Maine and areas of upstate New York.  The brand closed 6 stores in Portland without any advance notice and another sixteen in the Syracuse area of New York.  Tim’s has long tried to expand their reach into the…

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Competitor News

Starbucks presented some new and interesting data this week at the Morgan Stanley Conference:  their average ticket is $5, while the food only portion of total sales is 20% and growing 1 percentage point per year.  They recently expanded the employee meal authorization to include food, which helped associates talk more easily about the food.…

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Competitor News

Last week gave us some important competitor earnings calls along with some decent intel as well.  First, Tim Horton’s noted good comp sales, +8.2% in the system and +4.3% in the US. While there was very low visibility provided, Tim’s noted the rollout of breakfast and lunch wraps.  The biggest news was the announcement of…

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Competitor News

Restaurant Brands International, parent company of Burger King and Tim Horton’s, has announced an agreement with Seven Invest anointing the latter as the exclusive area representative for Tim Hortons in Cincinnati.  Under the agreement, Seven Invest is charged with responsibility for managing the Cincinnati market and sourcing third-party franchisees for more than 150 new Tim…

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Competitor News

We noted that Petes Coffee & Tea this week announced that they had reached agreement to acquire Portland, Oregon based Stumptown Coffee Roasters in the coming months.  16-year old Stumptown operates 10 units currently in Portland, Seattle, Los Angeles and New York with an 11th scheduled for New Orleans in February.  Pete’s also owns Caribou…

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