Starbucks-Union Battles Escalate

The ongoing unionizing battles within the Starbucks system continues to escalate on both fronts as the Workers United union has filed more complaints with the National Labor Relations Board (NLRB). In addition, the company has advised employees in two more stores – one in Seattle and the other in Kansas City, both of which have…

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QSR Union Updates

Following up on the Howard Schultz announcement a week or two ago that Starbucks would immediately be closing 16 stores – some of which have already become unionized – for safety reasons, a leaked video of interim CEO Howard Schultz on Twitter confirms that the company will be “closing many more”. And further in the…

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Starbucks

Notwithstanding that over 170 Starbucks locations have already formally voted to unionize, the company appears to be pushing back in a “watch out what you ask for, you might get it” kind of way. A major complaint of the workers in many of the stores around the Starbucks footprint have centered around safety issues and…

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Starbucks

Starbucks reported positive same store sales of plus 9% in the company’s Q2 earnings report on Tuesday of this week. The favorable result was comprised of positive ticket of 22% along with negative transactions of 10%. Against a backdrop of increased 2021 guidance, the company’s tone was very self-congratulatory notwithstanding that it was still comparing…

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Dunkin’ Earnings Report

Dunkin Brands reported Q2 earnings yesterday, beating consensus earnings by $.01, consensus revenue estimates by $12 million and was profitable at 44 cents per share. The earnings call overall was positive, but as with many restaurant stocks and the broader market, the stock was down $3 or 4.2% at the close. The top news announced…

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Dunkin’ Doings

Dunkin’s announcement of several weeks ago that it was closing the 450 kiosk operations it had in Speedway gas stations generated a number of inquiries from friends outside the industry who were concerned that the news was an indication of a problem. Real fans of Dunkin’, they! I assured them such was not the case…

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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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