For this Florida Franchisee Success is All In The (Extended) Family

If there’s one thread that runs through John Griffey’s success story as a Dunkin’ franchisee, it is family—particularly if you include the extended family he’s developed during his two decades in the business. “It really is a family business,” says Griffey. “Myself and my wife Jean, Jim and Judy Yoakum, the Zepka family in Connecticut,…

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Miscellaneous

We noted yesterday a story on JAB Holdings, frequently viewed as a potential purchaser of Dunkin Brands, making another purchase, albeit a small one at less than $500M and possibly buying Insomnia Cookies. The late night brand, which JAB would buy through its Krispy Kreme brand as a way to move the chain more prominently…

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Competitor News

We read with some surprise that Krispy Kreme was named Coffee Shop of the Year according to a recent Harris Poll (they must have had Hillary winning in 2016 as well?). We also noted that Nestles has agreed to pay $7 Billion for the right to market Starbucks coffee products outside its shops. The deal…

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Competitor News

For the better part of this week, Krispy Kreme was silent on whether the rumors that the company would lay off workers and move its headquarters from Winston-Salem to Charlotte, NC. Well, at long last, the JAB owned company acknowledged that it will lay-off 90 employees from its headquarters, which will remain in Winston-Salem, but…

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Miscellaneous

Restaurant Brands International, Inc. held a Q4 earnings call this week, and Tim Horton’s revealed surprisingly strong US same store sales – +3.6% for the quarter and +4.9% on the year – stronger than Dunkin’ and close to that of Starbucks, albeit on a very small geographic base. RBI does not break out ticket and…

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Miscellaneous

A California customer of Krispy Kreme has filed a $5 million dollar class action lawsuit for false and misleading business practices against the North Carolina based chain.  The suit contends that four of the company’s donuts do not contain raspberries, blueberries or maple as the company claims.  The suit was filed in the US Court…

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Competitor News

Starbucks reported their year-end results yesterday. The Americas Starbucks same store sales was plus 6%, with a plus 5% ticket and a plus 1% on traffic. The ticket/traffic measure was a bit distorted due to changes in Loyalty program POS procedures. The US AUV was approximately $1.6M and a store EBITDA margin of 27%. They…

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Miscellaneous

We’ve all been keeping a close eye on unionizing efforts across the fast food industry, so we took note a few weeks ago when it was reported that workers at Winnipeg Taco Bell and KFC shops had formally unionized, becoming the first QSRs to unionize in all of Canada.  Krispy Kreme CFO Price Cooper left…

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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

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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