Dunkin’ Doings

There’s a mix of good news and not great news on the Dunkin’ specific front to report this week. First off, the impending departure of Dunkin Chief Marketing Officer Tony Weisman was news that franchisees were not thrilled to learn of this week. Tony, who was brought on board by CEO Dave Hoffmann was instrumental…

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Dunkin’ Doings

Having failed thus far to get the tax returns of President Trump released, New York Attorney General Letitia James has turned her sights on Dunkin’ Brands, filing a suit against Dunkin for not providing notices to 20,000 DD Perks members that a 2015 cyber-attack may have compromised their customer information. In addition, the NY AG…

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Starbucks

CFO Pat Grismer presented to the Goldman Sachs conference earlier this week and gave a brief look at US operational developments with Starbucks’. Interestingly, he made some of the very same points that Dunkin Brands did in 2017 and 2018 when the Dunkin Blueprint was implemented. Starbucks acknowledged they would stay beverage focused to drive…

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Dunkin’ Doings

Keeping a good thing going, Dunkin’ this week came in as the #2 fast food brand in the annual Brand Intimacy Survey released this week by New York-based market survey company MBLM. Coming in just behind #1 Chick-Fil-A, Dunkin’ improved significantly from it intimacy results in 2018, moving up from 9th last year in fast…

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Dunkin’ Doings

Late last week, Dunkin’ Brands CEO Dave Hoffmann introduced Stephanie Lilak as the company’s new Senior Vice President and Chief Human Resources Officer. She joins Dunkin’ Brands from General Mills where she has served in a number of executive positions over a 23 year span at the company, most recently as Vice President, Human Resources,…

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Starbucks

Starbucks made several announcements this week even before reporting their Q2 earnings yesterday. Monday, it announced a major investment in Eatsa, rebranding the company as Brightloom and advancing the merger of Brightloom’s digital-edge ordering and pick-up systems with Starbucks’ proprietary customer engagement platform into one combined system. In addition, the company also announced that it…

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Miscellaneous

One note of concern we came across was that due to an unexpected frost damaging the coffee crops in some regions of Brazil, the cost of Arabica beans hit a seven-month high last week. There was an interesting little dichotomy in comparing two different ranking of favorable states that were released this week. First, CNBC…

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Competitor News

In a classic understatement, Tim Horton’s owner, RBI held its first ever analyst day this week. In his presentation, Tim’s President Alex Macedo admitted “as we expanded Tim’s south into the US, we did not get the sales levels we expected”. Tim’s currently has about 700 stores in the US, with half of those in…

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Miscellaneous

Earlier this month, the Trump administration submitted its fiscal 2020 budget to Congress and projected the US economy to continue the strong expansion it has experienced since the Tax Cuts & Jobs Act was enacted in 2017. Growth in fiscal year 2018 reached 2.9% for the year, but most economists do not see that kind…

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Dunkin’ Doings

Dunkin’ held its Q4 earnings call yesterday and reported earnings above expectations ($.06 GAAP basis) but revenue $10 million below. In addition, it delivered a much more muted expectation for 2019 in terms of both new unit growth and earnings. US net new opens stood at 106, while US same store sales were flat in…

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