Espresso-based drinks are “the future” Espresso is a term derived from the Latin “to press” and the Italian word for “to press out.” It refers to strong black coffee made by forcing steam through finely-ground coffee beans. In Italy, people stand and socialize at their local espresso bar while they wait for their hot shot to…
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Tim Horton’s reported sales and profits this week missing both revenue and EPS targets. In the US, Tim’s is up to 800 points of distribution with total sales up 10.7%, year over year. US same store sales were up 3.0%, due to transaction growth. Their US plan continues to be to look for large franchisee…
Read More »It was more than two years ago when McDonald’s Corp. announced its McCafe initiative, a plan to bring better beverages into its stores. After the successful launch of its drip coffee and espresso drinks, the world’s largest burger chain is now setting its sights on the second phase of the plan — cold drinks like smoothies and frappes. CEO Jim Skinner updated investors on how the effort is progressing during an earnings conference call on Friday.
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