Competitor News

Last week, McDonalds reported Q1 earnings with overall stable conditions except for the increased costs for food and labor. U.S. same-store sales rose 3.5%, sequentially lower than the last several quarters, in part due to using 2021 as the base. The company reported traffic was minus 1% and while US guests were generally spending and…

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Competitor News

Starbucks announced this week that it had opened a co-branded store with Amazon Go without any checkout process. The New York City location features Starbucks’ full menu, a variety of food and beverages in the Amazon Go market, and a lounge with workspaces, expanded tables, power outlets, and USB ports. We also noted recently that Panera…

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Competitor News

Dutch Bros entered Wall Street with a boom back in September when it IPO’d on the NYSE. On Monday, Dutch Bros (BROS) was initiated by five restaurant-sell side securities firms, with price targets from $47 to $60. Their core geographic base now is Oregon, Southern WA, Northern CA, and spreading now slowly into the Mountain…

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Competitor News

We noted a story yesterday that had Caribou Coffee joining the ranks of those offering a coffee subscription service. Caribou, which is now owned by JAB Holdings through its Pret Panera Holding Company, is following in the footsteps of sister-company Panera which launched their subscription service over a year ago. While the Panera subscription plan…

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Competitor News

Several weeks ago, it was reported that JAB Holdings had created a Panera Brands platform which includes three of the companys breakfast daypart entities – Panera Bread, Caribou Coffee and Einstein Bros. Bagels. In the wake of the move, speculation is that after private ownership for the past five years, the company is likely to…

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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

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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Miscellaneous

Cybersecurity issues and data breaches unfortunately continue to make news across the country with one of the recent examples being Caribou Coffee. It was reported earlier this month that some 265 Caribou Coffee stores suffered a data breach in late November, just a month after Dunkin’ suffered a similar breach in October. A host of…

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Miscellaneous

Just this week, Dunkin’ CFO Kate Jaspon, who has been with Dunkin’ for the past eleven years and was named CFO earlier this year, was appointed to the Board of Directors for Mod Pizza. We want to congratulate her on the appointment. We also note this week that Caribou Coffee (now owned by JAB Holdings)…

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Competitor News

JAB Holdings this week completed their acquisition of Kuerig Green Mountain and in so doing, consolidated their position in the world of coffee. In addition to the new acquisition, the privately-owned JAB Holdings now has within their corporate family, the following companies:  Caribou Coffee, Peet’s Coffee & Tea, Jacobs Douwe Egberts, Bach Espresso, Bravo, Einstein…

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