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coffee

Financing

Tim Hortons' sales take a big hit in China

 By Jonathan Maze on Aug. 29, 2024

The coffee chain, which had been expanding aggressively in the country, has seen sales plunge there amid growing competition.

Financing

Starbucks is sued over its bad earnings results

 By Jonathan Maze on Aug. 29, 2024

A shareholder has filed a class-action lawsuit accusing the coffee shop giant of making overly rosy projections late last year before its sales, particularly in China, turned starkly south.

Beverage

Starbucks releases fall menu, exploring flavor profiles beyond pumpkin spice

By Patricia Cobe on Aug. 21, 2024

In a nod to Gen Z and Millennial customers, the coffee shop chain is adding more cold beverages and teas to the seasonal lineup.

Financing

How does Brian Niccol solve a problem like Starbucks?

By Jonathan Maze on Aug. 16, 2024

The coffee shop chain’s challenges are numerous, from its complexity to its drinks to China. It has activist investors and a vocal chairman emeritus in Howard Schultz. Now it has its second new CEO in two years.

Financing

The Chinese coffee market gives some U.S. brands headaches

By Jonathan Maze on Aug. 16, 2024

Rapidly growing brands in the country have taken a bite out of Starbucks and Tim Hortons. So has a tough local economy.

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.

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