Starbucks had robust sales increase due to digital and innovation: Q1 2020

Starbucks grows revenue, transactions on strength of digital, innovation: 1Q 2020

Traffic growth boosts U.S. comp by 6 percent

Starbucks had an impressive quarter to start the fiscal year, capitalizing on investments in technology, continued new store growth, and a variety of formats and beverages. Central to its success is Starbucks’ use of technology and insight into customer data en route to a global comparable store sales increase of 5 percent during 1Q 2020. U.S. comparable sales were up by 6 percent, with transactions growing 3 percent. On the international front, comparable sales grew by 1 percent, with average check increasing 2 percent, and transactions down 1 percent.

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Krispy Kreme to open in Times Square, re-open Penn Station shop

Krispy Kreme to add six new shops in New York City, including Times Square

Remodeled Penn Station shop re-opens

Krispy Kreme will open its flagship Times Square, New York City shop in May, the company announced. The highly-visible outlet, located at Broadway and 48th Street in Manhattan, spans 4,500 square feet. Its throughput is designed to be greater than any other location globally. Krispy Kreme expects to serve more customers in Times Square than anywhere else.

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Dutch Bros Coffee names Charley Jemley CFO

Dutch Bros Coffee names Charley Jemley CFO, readies next-stage growth

With new CFO, Dutch Bros primed for expansion

Dutch Bros Coffee named Charley Jemley as its new chief financial officer. Jemley has extensive experience in retail finance and restaurant development, most recently serving as CFO at CKE Restaurant Holdings. CKE operates and franchises Carl’s Jr. and Hardee’s. In addition, he held several high-level positions in Finance at Starbucks, Taco Bell, KFC and Pizza Hut.

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Shelby Township Coffee Beanery opens in June

Shelby Township Coffee Beanery opens in June

Ribbon cutting ceremony held June 7

This month, Coffee Beanery opens a new location in Shelby Township, Mich., just over 60 miles from its home office in Flushing. The store will host its grand opening June 6-8. Coffee Beanery specializes in decadent specialty drinks and well-known indulgent creations, including the Black and White Frappalatte and Iced Fudge Ripple. The coffee chain also offers estate and Swiss Water Process decaf coffees.

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Shenzen Bay Starbucks at Mix City is 30,000th store opening

Starbucks Shenzhen Bay is milestone 30,000th store

Newest store in Shenzhen Bay Mix City is immersive experience

Starbucks hit a grand milestone today with the opening of its newest store in China, it announced. The Shenzhen Bay Starbucks milestone arrives as the chain opens its 30,000th unit at Mix City. Starbucks’ retail outlets date back to 1971 with the first storefront location opening in Seattle, Wash. The presence of Starbucks in China began 20 years ago.

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Starbucks opened its Nakameguro Reserve Roastery in Tokyo

Starbucks opens Nakameguro, Tokyo Reserve Roastery

Tokyo Starbucks Reserve Roastery is fifth, set along scenic Meguro River

Starbucks opened a new Reserve Roastery in Tokyo, only the fifth roastery globally. The four-story Nakameguro Starbucks Reserve Roastery is home to 100 coffee and tea beverages, in addition to merchandise and the tallest coffee cask, rising 55 feet high. Situated next to the Meguro River, the roastery is set in a scenic backdrop lined with cherry blossom trees, announced the coffee chain. Guests can enjoy Princi Italian fare.

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Starbucks opens Dewata Coffee Sanctuary in Bali, Indonesia

Starbucks opens Dewata Coffee Sanctuary in Indonesia

Largest coffee destination in Southeast Asia to be ‘sensory coffee journey’

Starbucks has opened its largest Southeast coffee destination in Bali Indonesia. The Starbucks Dewata Coffee Sanctuary, on Sunset Road in the retail district, is a unique experience among the coffee stores, combining elements of a retail location with the full sensory experience of a coffee sanctuary that brings the origin and farming of coffee to life for guests. The 20,000 square-foot Starbucks Dewata Coffee Sanctuary was made possible through the partnership between Starbucks Indonesia and PT Sari Coffee Indonesia. Retailer PT Mitra Adiperkasa is the venture partner, as well as the exclusive and master licensee of Starbucks in Indonesia.

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Burger King Halloween Nightmare King: Eatery Pulse

QSR chains amp up promotions during Halloween 2018 season

Quick-service restaurant chains are amping up their promotions and limited-time offerings during the Halloween season. Burger King is introducing a nightmarish burger called the Nightmare KIng, intended and “clinically proven” to induce increased nightmares. The Nightmare King sandwich contains a quarter-pound flamed-grilled beef patty, 100-percent white meat crispy chicken fillet, melted cheese, thick-cut bacon, mayo and onions on a glazed green sesame seed bun.

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Patrick Grismer Starbucks CFO: Eatery Pulse Streem

Starbucks taps ex-Hyatt executive to succeed Maw as chief financial officer

Patrick Grismer named Starbucks CFO

Starbucks has named Patrick Grismer executive vice president and chief financial officer, succeeding Scott Maw, who is retiring at the end November. Grismer will report to Kevin Johnson, Starbucks president and chief executive. Grismer brings global financial expertise from leadership roles in several large, consumer-facing companies, including Hyatt Hotels, KFC parent Yum Brands and The Walt Disney Company, spending more than 25 years as these hospitality and foodservice behemoths.

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Panda Express Honey Sesame Chicken 2018: Eatery Pulse Streem_800

Off-premises business the new battleground for restaurant chains

Major restaurant chains embrace to-go and delivery business, report positive impact from focus on off-premise sales initiatives

Off-premises food popularity was a top dining trend identified at the beginning of 2018. As consumers look for more convenience, there is no shortage of chains wanting to bring their food to where the consumers are. That’s exactly what IHOP’s president, Darren Rebelez, said on an August 1 investor conference call led by Dine Brands Global, its parent. For IHOP, the sales momentum it gained in its Q2 2018 quarter was not exclusively due to the initial lift from the much-publicized Ultimate Steakburger Combo and its related “IHOb” promotion, but also due to a focus on off-premises sales and operational execution. Off-premises sales accounted for 8 percent of the chain’s Q2 sales, noted Rebelez.

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