coffee

Financing

Why HMSHost ended its exclusive deal with Starbucks

The restaurant operator opted out of a nearly 30-year arrangement as demands for airport concessions evolve.

Financing

A short seller questions Luckin Coffee’s growth

The fast-growing chain defended its numbers after an anonymous report questioned the company’s model, says RB’s The Bottom Line.

The coffee giant’s U.S. traffic grew 3% last quarter, thanks in part to sales of more cold beverages.

The chain became the largest coffee concept in China almost literally overnight with its tech-heavy offering, but fast growth is dangerous, says RB’s The Bottom Line.

JAB Holding believes the merger would create a global coffee and tea powerhouse and expects an offering next year.

The company is shifting away from “short-term opportunities” as it looks to build more consistent sales.

Active membership rose 15% over the past year following changes to the program and the addition of more marketing technology.

Sales of espresso drinks are up 40% this year, and the company said it is starting to see benefits from digital investments.

Thanks to Nitro Cold Brew and a new cold pumpkin drink, the chain’s same-store sales and traffic continued to improve.

Same-store sales fell last quarter despite new coffee drinks, plant-based sandwiches and a loyalty program.

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