The coffee market remains fickleIn an exclusive article to T&CTJ, Carlos Mera, head of the agri-commodities markets at Rabobank’s RaboResearch Global Economics & Markets division, reviews the recently closed CY 22/23 and assesses CY 23/24, which begins 1 October. By Carlos Mera Business, Financial Results, Origins
A refined retail strategy drives Bad Ass Coffee’s 1H 2023 revenue growthBad Ass Coffee of Hawaii reports on its mid-year performance, noting 19 new franchise signings and a 23% year-over-year increase in systemwide sales (year-to-date June 2023). Business, Financial Results
JDE Peet’s Q2 2023 sales rise 2.4% to EUR €3.988MJDE Peet’s reported that Q2 2023 In-Home sales grew organically by 2.2% and in Away-from-Home by 9.0%; transitions from international brands to local brands in Russia. Business, Financial Results, Regulatory
Starbucks Q3 2023 net revenues rise 12% to USD $12 billionStarbucks’ Q3 consolidated net revenues grew 12% to USD $9.2 billion with Q3 international comparable-store sales rising 24% thanks to a 46% surge in comp-store sales in China. Business, Expansion, Financial Results, Sustainability
Keurig Dr Pepper Q2 2023 net sales rise 6.6%; U.S. Coffee net sales fall 5.7%Keurig Dr Pepper reports single-digit Q2 2023 sales and earnings growth, raises full year net sales outlook and reaffirms EPS guidance. Financial Results
Coca-Cola’s 2Q 2023 EPS Surge 34%, Net Revenues Rise 6%During its second quarter, Coca-Cola’s coffee business grew 5% while the tea business inched up 1%, and the company strengthened its sustainability commitment. Financial Results
