Competitor News

Over the past few weeks, there have been a number of announcements of one sort or another about some competitor companies that we thought we’d be sure you were aware of. First off, on the politically correct front, Starbucks announced that the company “stood against hate speech” and was therefore pausing all advertising on social…

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Competitor News

Both McDonalds and Starbucks made news this week via investor presentations and SEC 8K filings. McDonald’s reported that US same store sales improved in May to minus 5%, up from minus 19% in April. That improvement was totally driven by higher average ticket, due to larger order sizes. Later, in an investor presentation, the company…

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Starbucks: Major Contraction & $2 billion Decline

Starbucks on Wednesday provided a major business update and perhaps most noteworthy to the Dunkin’ community is that new store development in the Americas will be virtually halted immediately, with the closure of some 400 Starbucks company units in the US over the next 18 months as well as an additional 200 in Canada. New…

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Imitation is the Sincerest Form of Flattery

That famous quote by Oscar Wilde (“Imitation is the sincerest form of flattery that mediocrity can pay to greatness.”) seems to fit nicely when one reads the most recent SEC filings from Starbucks Corporation. Starbucks yesterday published an SEC note which was company CEO Kevin Johnson’s note to all Starbucks employees. In it, he essentially…

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Starbucks

For the past few months, Starbucks has pointed to its experience in China – and more specifically in the city of Wuhan, where the coronavirus originated – as proof that it would come out of the pandemic quickly and in relatively good stead. Back at the end of March, CEO Kevin Johnson pointed to the…

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Starbucks Earnings

Starbucks also held an earnings call this week during which the company reported that global comparable sales fell a full 10 percent during the second fiscal quarter that ended March 29, while their average ticket was up 4% and a total net of 255 new stores opened globally. Here in the US, the COVID-19 crisis…

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Competitor News

Earlier this month, Starbucks reported that its US comp sales late in the month of March were down between 60 – 70% while only 44% of their US locations were still operating. Notwithstanding, the company announced that it was seeding the creation of the Global Partner Emergency Relief Program with $10 million to help workers…

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Competitor News

Starbucks announced this week that it had reopened 95% of its stores in China including a number of them in Wuhan, Hubei Province – where the coronavirus originated. McDonalds Corp. this week announced that as of Monday, March 23, it had closed all 1,270 of its stores, drive-thru included, in the United Kingdom and Ireland.…

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Paid Sick Leave Without the Mandate

Regardless of the prospect of government mandates, a number of private businesses have recently decided for their own reasons (coronavirus or otherwise) to provide paid sick leave benefits to their employees.  Darden Restaurants, parent company of the Olive Garden, Longhorn Steakhouse, Capital Grille and other brands, announced this week that it will now provide paid…

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Competitor News

Panera, owned by JAB Holdings, made headlines this week with its launch of a new coffee subscription service nationwide. According to the company, subscribers, who must be loyalty members, will pay a monthly fee of $8.99 and be eligible for a “free” hot or iced coffee or tea every 2 hours. Starbucks also recently announced…

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