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coffee

Leadership

Brian Niccol named CEO of Starbucks

 By Jonathan Maze on Aug. 13, 2024

Laxman Narasimhan is stepping down from the coffee shop chain effective immediately. Niccol, the CEO of Chipotle Mexican Grill, will take over on Sept. 9.

Financing

Dutch Bros stock gets hammered, despite a strong quarter

 By Jonathan Maze on Aug. 08, 2024

The drive-thru coffee chain reported sales and earnings that bested Wall Street estimates and it raised guidance for the year. Yet its stock price plunged more than 20%.

Financing

Why China is causing headaches for Starbucks

By Jonathan Maze on Aug. 07, 2024

A Deeper Dive: Consultant Joel Silverstein joins the Restaurant Business podcast to discuss the state of international markets for restaurants, particularly the crazy coffee business in China.

Financing

Starbucks is caught between two activists

By Jonathan Maze on Aug. 01, 2024

The Bottom Line: The company has acknowledged that it is talking with activist Elliott Management. But it also has an activist shareholder named Howard Schultz.

Marketing

Panera Bread launches the ultimate 'Millennial Meal'

By Patricia Cobe on Jul. 30, 2024

The fast casual merges two of that generation’s favorites into one promotion for National Avocado Day.

Financing

Starbucks' traffic declines continued last quarter

By Jonathan Maze on Jul. 30, 2024

The coffee shop giant’s U.S. same-store sales fell 2% as its stores lost 6% of their customers. Same-store sales plunged in China amid a tough economy there and growing competition.

Beverage

Cold coffee on the rise: How operators can stay ahead of the trend

Sponsored content from our partner Javo Beverage Co. on Jul. 23, 2024

As beverage sales continue to outpace overall sales in the restaurant industry, and cold brew is poised for exponential growth in the coming years, operators should plan now for the increase in demand.

Beverage

Blank Street Coffee is all in on matcha this summer—and pickleball

By Patricia Cobe on Jul. 12, 2024

The coffee chain developed three refreshing “gateway” drinks to lure customers who may not even like matcha. The goal: to build mid-afternoon traffic.

Beverage

Starbucks jumps on the energy drink bandwagon

By Jonathan Maze on Jun. 25, 2024

The Seattle-based coffee shop chain, eager to reverse a sales decline, this week introduced a line of energy drinks, hoping to lure more younger customers to its restaurants.

Financing

Starbucks' value offer is a bad idea

By Jonathan Maze on Jun. 13, 2024

The Bottom Line: It’s not entirely clear that price is the reason Starbucks is losing traffic. If it isn’t, the company’s new value offer could backfire.

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