The big news amongst competitors this week was the formal filing of the Krispy Kreme Initial Public Offering (IPO) where the company is expecting a valuation of $4 Billion. With 87% of its US stores having a drive-thru, company sales in 2020 were the highest ever at $1.122 billion, up from just under $1 billion in 2019. Notwithstanding, the company has turned net losses in each of the last 3 years. Elsewhere, we noted that PJ’s Coffee of New Orleans also enjoyed a banner year during the 2020 pandemic year with a 12.1% jump in same store sales over 2019. It was named #71 in the Fast Casual listing of 2021 Movers and Shakers. The company also reports that it opened 21 new locations in 2020 and plans to open another 40 in 2021.