Starbucks
Coverage focuses on the UK operations, brand strategy, and innovation roadmap of the world’s largest coffeehouse chain. Reporting includes expansion through drive-thru and delivery-only formats, mobile ordering and loyalty via the Starbucks Rewards app, sustainability initiatives such as reusable cup schemes, and menu localisation for UK consumer preferences. Insight is geared toward operators tracking premium beverage trends, high street trading, and digitally enabled customer engagement in the branded coffee sector.
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May- 2024 -2 MayCafes and Coffee Shops
Starbucks revenues dip 2% to $8.6bn in Q2
Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during the 13 weeks ended 31 March. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the North America segment of $6.4bn (£5.1bn)…
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Apr- 2024 -4 AprilNews
Today’s news in brief – 04/04/24
Food price inflation in hospitality is more than double the rate seen in the retail sector despite steady easing over the last 12 months, the CGA Prestige Foodservice Price Index has revealed. In March 2023, the level of food inflation in hospitality and retail briefly converged at 19%. However, while…
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4 AprilCafes and Coffee Shops
Starbucks to open 100 new sites in FY24 amid sales growth
Starbucks UK plans to open an additional 100 new sites in FY24, as total revenues rose 21.9% to £547.7m for the year to 1 October 2023. The group reported that “strong and resilient” revenue growth continued during 2023, even with challenging economic headwinds in the UK. As a result, the…
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Feb- 2024 -13 FebruaryFood and Drink
SSP secures 10-year contract with Liverpool John Lennon Airport
SSP Group has secured a new deal with Liverpool John Lennon Airport, which will see the operator of travel F&B outlets extend its operations at the airport until at least 2036. As part of the contract extension, SSP has announced that all of its existing units will be refurbished, rebranded…
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Dec- 2023 -6 DecemberNews
EG Group to sell 218 KFC franchise restaurants
EG Group has announced that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division. The transaction agreed by EG Group – the largest KFC franchisee in the UK and Ireland – is an additional…
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Nov- 2023 -3 NovemberNews
Today’s news in brief – 03/11/23
Starbucks revenues increased 11% to $35.9bn for the full year ended 1 October, as global comparable store sales increased by 8%. The company’s operating income for the full year increased by 27% to $5.8bn compared with $4.6bn in 2022. In Q4, net revenues for the international segment grew by 11%.…
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3 NovemberNews
Starbucks net revenues rise 11% to $36bn in FY23
Starbucks has announced that net revenue increase of 11% to $35.9bn (£29.4bn) for the full year ended on 1 October 2023. Global comparable store sales increased overall 8%. North America comparable store sales increased 9%, while international sales 5%. Operating income for the full year increased by 27% to $5.8bn…
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Oct- 2023 -23 OctoberFeatures
Circular&Co. and the rise of returnable packaging
The industry is waking up to the urgency of addressing environmental issues, and the catering industry is no exception; UKH has recently announced that some 5,000 hospitality venues across the UK have begun their net zero journey, thanks to the industry body’s partnership with Sky Zero and Zero Carbon Forum…
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16 OctoberNews
Today’s news in brief – 16/10/23
Loungers reported H1 total revenues of £149.6m, marking a 22.3% increase from the previous year. They achieved one-year like-for-like sales growth of 7.7% over the 24 weeks ending 1 October, showing an acceleration from the 5.7% growth reported for the 12 weeks ending 9 July. The company opened 16 new…
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16 OctoberRestaurants
Creams Cafe appoints new COO
Creams Cafe has announced the appointment of Oliver Rodbard as its new chief operating officer, as the company heads for international expansion. Rodbard brings over 16 years of experience gleaned in the food and hospitality industry within franchise models. He joins Creams Cafe from Soul Foods Group, a global franchisee…
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