Latest news with #Starbucks-style
Business Insider
24-05-2025
- Business
- Business Insider
McDonald's shuts down its spin-off, CosMc's, after less than 3 years as sales lag
McDonald's announced on Friday that it is closing its CosMc's spin-off line of Starbucks-style drink shops. McDonald's CEO Chris Kempczinski said in the company's last earnings call that drinks from CosMc's would be introduced to "hundreds of McDonald's restaurants" in the future. "In connection with this next phase of testing, we will begin closing all stand-alone CosMc's pilot locations in late June, and the CosMc's app will be discontinued," a McDonald's spokesperson told Business Insider. When it opened in 2023, CosMc's drew comparisons to Starbucks. Its menu included coffees, teas, lemonades, slushes, breakfast sandwiches, and small donut-like pastries called "McPops." In a December 2023 meeting with investors, Kempczinski said that CosMc's is a "small format concept with all the DNA of McDonald's but its own unique personality." "Its menu includes new customizable drinks, sweet and savory treats and familiar favorites such as the Egg McMuffin," Kempczinski said in the meeting. In its announcement on Friday, McDonald's said CosMc's served as a good testing ground for different new flavors, and it plans to blend the "out of this world tastes" of CosMc's drinks into "the McDonald's experience." "What started as a belief that McDonald's had the right to win in the fast-growing beverage space quickly came to life as a multi-location, small format, beverage-focused concept," the company said. "It allowed us to test new, bold flavors and different technologies and processes — without impacting the existing McDonald's experience for customers and crew." The closing of CosMc's comes as McDonald's faces its lowest sales since the COVID-19 lockdowns. US same-store sales at McDonald's declined 3.6% during the first quarter. With low-income diners pulling back their spending over the past year due to economic uncertainty, McDonald's saw even more middle-income buyers do the same during its first quarter, Kempczinski said in an earnings call.
Yahoo
13-05-2025
- Business
- Yahoo
Asda reveals end to Blue Light card benefits in stores from end of May
Asda has announced that it will be ending its partnership with Blue Light Card in its stores. The Blue Light Card is the UK's leading discount service for those working in the emergency services, teaching community and armed forces. The supermarket posted an update online, stating that from May 27, the service would cease. On their website, they shared: "Asda's partnership with Blue Light Card is coming to an end on 27th May 2025. Very disappointing that @asda are leaving the blue light scheme. Slowly reduced the benefits over the last couple of years, now in a fortnight's time, there won't be any at all. — jadey (@thelifeofjadey) May 13, 2025 "From 13th May 2025 11:00 Blue Light Card members will no longer be able to link their Blue Light Card Membership to their Asda Rewards Account. "Any accounts linked before this date will continue to receive the exclusive member offer as detailed in the Terms & Conditions until 27th May 2025 23:59, at which point the offer will be removed." Blue Light also send an email out to customers, sharing the news. It read: "Asda is making broad changes to its strategy and overall approach to value and pricing for its customers, and because of this change in strategy, Asda's discount for Blue Light Card holders is ending two weeks from now, on Tuesday, 27th May. "This change is one of several adjustments Asda is making across its business as it implements its new everyday pricing approach. "You can continue using the current offer for the next two weeks, up to and including Tuesday, 27th May." An Asda spokesperson said: 'We launched our partnership with Blue Light Card during the pandemic to provide additional support for emergency workers and would like to thank them for the opportunity to work with them during the last five years. "Our focus now is on providing all our customers with outstanding value every time they visit our stores or shop with us online.' Some Asda shoppers shared their frustration that the Blue Light Card benefits at Asda were ending. One person wrote on X (formerly known as Twitter): "Very disappointing that @asda are leaving the blue light scheme. Slowly reduced the benefits over the last couple of years, now in a fortnight's time, there won't be any at all." Recommended reading: Tesco shoppers 'disappointed' after supermarket makes £100 Clubcard points error Aldi launches new Starbucks-style treats at a fraction of the price Sainsbury's drops iconic dessert range from shops and customers are 'gutted' Another said: "Real shame to see @asda getting rid of the @bluelightcard discount. It had already been reduced significantly in value through previous changes." A third shared: "@Asda rewards app was decent when it first came out, even better when they added bluelight discount which gradually got worse over the years. "Now they've pulled it for bluelight all together, and I think they've just driven loads to aldi and lidl."
Yahoo
27-03-2025
- Business
- Yahoo
Think It's Too Late to Buy Dutch Bros Stock? Here's the Biggest Reason There's Still Time.
Coffee chain Dutch Bros (NYSE: BROS) is on a roll, and I don't mean with ham and cheese. The stock has more than doubled in six months as Dutch Bros keeps crushing earnings and revenue estimates in every quarterly report. But many investors look at Dutch Bros' stock with a wistful sigh these days. The price chart is skyrocketing, shares are changing hands at nosebleed-inducing price-to-earnings (P/E) ratios, and it must be too late to jump on this bandwagon. After all, who needs another national chain of coffee stores? Surely, there can't be much room for big gains from this lofty level. I'll admit that Dutch Bros faces a challenging market, with sector giant Starbucks (NASDAQ: SBUX) attempting a turnaround and Chinese peer Luckin Coffee (OTC: LKNC.Y) planning an American expansion. But the American coffee market is a massive $67 billion pot of annual revenue, with more than 40% of those tasty sales flowing into 18,537 Starbucks locations. Dutch Bros' $1.3 billion of 2024 revenue and 982 stores are a small drop in that caffeinated ocean. And this company does things differently, focusing on friendly service at the drive-through window. Most of its stores don't even have a walk-in seating area, but the friendly "broistas" are happy to serve pedestrians at the drive-through window. Moreover, Dutch Bros' store-brand energy drinks have already been a core product for a decade, and that focus on alternative menu items sets the company even further apart from Starbucks-style coffee shops. So I see plenty of room for growth here. Dutch Bros' nationwide expansion project essentially started with its fundraising IPO in 2021, and management plans to at least quadruple the store count over time. I'm sure there's room for another coffee-shop experience, as long as it's refreshingly different. And Dutch Bros fits that bill. The drive-through focus gives this company a unique competitive moat. That's why it's not too late to buy this red-hot coffee stock. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $312,980!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $42,421!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $537,825!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Luckin Coffee and Starbucks. The Motley Fool recommends Dutch Bros. The Motley Fool has a disclosure policy. Think It's Too Late to Buy Dutch Bros Stock? Here's the Biggest Reason There's Still Time. was originally published by The Motley Fool Sign in to access your portfolio
