North America
Gong cha signs two new master franchises
With over 2,100 locations across 23 countries, Gong cha has announced the signing of two new master franchisees (MFs).
Coffee prices remain stable averaging above 160 US cents/lb in November 2023
The International Coffee Organization Composite Indicator Price averaged 161.53 US cents/lb in November, a 6.3% increase from October 2023.
DAVIDsTEA announces two million cups donation target
Every purchase made during December at DAVIDsTEA stores and on its website will equal one cup of tea donated to Canadian frontline heroes.
Starbucks unveils raises, additional employee benefits & a barista championship
Starbucks implements investments to further enhance its retail partner (employee) experience.
Oceana Coffee awarded medals in five of the Golden Bean competition categories
The Golden Bean coffee roaster competition saw Florida-based Oceana Coffee receive medals in all five categories it entered, including a solver medal in the alternative milk category.
Buds to bolster the demand for flavoured tea
Sales of flavoured teas – both Camellia sinensis and botanical/herbal-based – are booming as the variety of offerings seems endless, which caters to consumers ever-changing palates. Couple that with the numerous functional, health, medical benefits, and the result is a category with continued strong global growth potential. By Divakar Kolhe
There’s still time to enter the Gold Medal Tea & Tea Sustainability Awards Competitions
The 12th Annual North American Tea Conference (NATC) will be held in Miami, Florida, 4-6 October at the Kimpton Epic Hotel.
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.
Burundi coffee features in North America cupping events this summer
Two leading women in specialty coffee are bringing women-grown coffee – and the stories behind them – to a series of unique cupping events in multiple cities across North America this summer.
Tea sustainability perspectives & human welfare
T&CTJ, collaborating with Firsd Tea, created what we believe is the ‘first of its kind’ tea survey to gauge sustainability perceptions of the tea industry among business leaders in tea, coffee and related industries. This article is the second in a three-part series that outlines some of the initial findings from the survey.
Take on Summer with Dunkin’s New Lineup of Iced Drinks
Dunkin’ has announced its summer iced beverages line up including the new Brown Sugar Cream Cold Brew, and a new partnership.