Financial Results
Flavour Faves
Coffee brands can use on-trend flavours to capture consumer imagination and drive sales. By Megan Conceição
Bubble Tea Looks to Conquer Under-Penetrated Markets
Once a drink found only in Taiwan, bubble tea continues to attract new consumers on its way to becoming one of the most popular beverages around the world. Growth prospects remain strong as the market is still developing in many countries throughout Asia Pacific and Europe. By Eugene Gerden.
Europe’s coffee shop market: pinched yet promising
Amid economic uncertainty the demand for out-of-home coffee in Europe remains robust, evidenced by a new report that reveals the fastest growth in five years for the European branded coffee shop market.
The Middle East: A Complicated, Unique & Promising Market for Coffee
Despite the turbulence, the Middle East, with its growing young consumer base and strong purchasing power, remains a land of immersive opportunities for coffee companies. By Vladislav Vorotnikov.
F&B companies in EMEA will be navigating another challenging year
With factors such as geopolitical turbulence, shaky economics, weather impacting supply chains, and a new administration in the USA, it looks to be another tough year for food & beverage (F&B) players in EMEA.
Year-end tax strategies
As the year comes to a close, it is important to assess tax situations that can save individuals and businesses money. This article offers an overview of tax-saving opportunities available to individuals and businesses. By Ashby Walters.
Nestlé presents plan to fuel and accelerate growth
During its Capital Markets Day for investors and analysts, Nestlé SA outlined an action plan to drive the performance and transformation of Nestlé and to shape its long-term future.
Coca-Cola streamlines reporting structure for Costa Coffee and Dogadan tea
The Coca-Cola Company announced new reporting lines for Costa Coffee and Dogadan tea to the Europe Operating Unit in order to streamline and simplify operations.
The coffee market remains fickle
In 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
A refined retail strategy drives Bad Ass Coffee’s 1H 2023 revenue growth
Bad 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).
JDE Peet’s Q2 2023 sales rise 2.4% to EUR €3.988M
JDE 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.
Starbucks Q3 2023 net revenues rise 12% to USD $12 billion
Starbucks’ 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.
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.
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.