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coffee

Beverage

It's beginning to smell a lot like peppermint, everywhere you go

 By Patricia Cobe on Nov. 09, 2023

Peppermint is pushing out pumpkin spice and taking over beverage menus for the holidays, with coffee chains leading the way.

Financing

Dutch Bros' strong margins give the company flexibility as wages are set to soar

 By Jonathan Maze on Nov. 08, 2023

The drive-thru beverage chain’s shop profit margins soared last quarter, to 31%, thanks to a combination of price hikes and efficiency. It will help with California wages set to increase next year.

Financing

Starbucks plans more stores and more technology

By Jonathan Maze on Nov. 02, 2023

The Seattle-based coffee giant believes it has plenty of room to add more stores in the U.S., but it also believes that efficiencies can cut $3 billion in costs over the next three years.

Financing

Record demand drove strong Starbucks sales last quarter

By Jonathan Maze on Nov. 02, 2023

The chain’s U.S. same-store sales rose 8% as more customers ordered more products and more add-ons and its loyalty membership hit a record.

Leadership

Scooter's Coffee names Joe Thornton CEO

By Jonathan Maze on Nov. 01, 2023

The chain’s president will take over at the drive-thru coffee chain for the retiring Todd Graeve on Jan. 1.

Operations

Starbucks accused of assisting boycott of union stores

By Lisa Jennings on Oct. 20, 2023

Workers United accused the coffeehouse giant of unfair labor practices by sharing a list of union stores with pro-Israel groups angered by "solidarity with Palestine" messages. Starbucks, however, says the list did not come from the company.

Financing

7 Brew is coming to your town, whether you like it or not

By Jonathan Maze on Oct. 04, 2023

The drive-thru coffee chain is one of the fastest-growing concepts in the U.S. and has deals to keep it going. The company believes it has the training in place to make it work.

Financing

Meet the fast-growing drive-thru coffee chain 7 Brew

By Jonathan Maze on Oct. 04, 2023

A Deeper Dive: John Davidson, CEO of the rapidly growing concept, joins the podcast to talk about growth, how he wants to build “the Dollar General of coffee,” and why his brand can grow this quickly.

Leadership

Beans & Brews names former Del Taco executive CEO

By Jonathan Maze on Oct. 04, 2023

Chad Gretzema will take over the 69-unit coffee chain, which is targeting 100 locations by 2025.

Leadership

Howard Schultz is stepping down from the Starbucks board

By Jonathan Maze on Sep. 13, 2023

The former CEO and chairman emeritus is no longer company director as part of a planned transition. Wei Zhang, former Alibaba senior advisor, will take on the role.

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