Miscellaneous

We noted some weeks back that congratulations are in order for a former Dunkin’ employee, but other news precluded us from getting to it sooner. Former northeast regional vice president for Dunkin’ Bill Bode has been promoted to the position of Chief Operations Officer at New Hampshire-based fitness franchise Planet Fitness. Elsewhere, we took note…

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Miscellaneous

McDonalds corporate sure knows how to “rob Peter to pay Paul”, as the old saying goes. The company hosted a webcast earlier this month to advise its franchisees (Peter) that a long-time company subsidy used to keep the price of a Happy Meal down would end on New Year’s Day 2021. Further, the company is…

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Starbucks

A couple of days ago, Starbucks was upbeat hosting its 2020 Investor Day, at which the company announced that it will be rolling out an oat milk platform in 2021. At the same time, CEO Kevin Johnson also reported that US comp sales are currently negative low mid-single digits and that they’ve softened further in…

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Miscellaneous

Earlier this month, the U.S. Bureau of Labor Statistics reported that average hourly earnings for all employees actually increased 0.1 percent from September to October 2020. Notwithstanding ongoing challenges from the coronavirus pandemic and its recent spikes, real average hourly earnings year over year increased 3.2 percent from October 2019 to October 2020. The Consumer…

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Starbucks

Like Dunkin Brands, Starbucks also held an earnings call yesterday reporting on its Q4 results. Overall, it beat analyst expectations, but its US business is in worse shape. US same-store sales were 9% negative, matching the 10 negative percentage points it has been trailing Dunkin US by throughout the spring and summer months. Its Q4…

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Competitor News

Starbucks announced last week that it was now testing a new vegan breakfast sandwich, the Plant Powered Breakfast Sandwich in the outskirts of Seattle, Washington. The company also announced that it was tying future executive compensation together with its diversity efforts. Specifically, the company has set a goal of 30% BIPOC (black, indigenous, people of…

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Competitor News

According to Nicole Miller Regan of Piper Sandler, teen dollars that formerly went to Starbucks in a major way are now landing in the registers of Chick-fill-A and Dunkin’. In an interview this week with Kelly Evans on CNBC, Miller Regan spoke to the shift in teen spending and how Chick-fill-A knocked Starbucks out of…

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Competitor News

In contrast to the more upbeat Dunkin presentation, the Starbucks CFO. Pat Grismer, also appeared before the JP Morgan Consumer Conference. He noted their US same-store sales improved from minus 19% in June to minus 11% in August. They did not expect to get back to even in the US until sometime in early 2021.…

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Competitor News

Starbucks announced this week that it was joining the so-called Time To Vote Coalition, a group of some 700 companies that are encouraging their employees to register and vote in the 2020 election. In addition, Starbucks plans to include tools for customers to register to vote and confirm the location and method for them to…

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