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Natural Grocers® Releases Limited-Edition Pecan Caramel Pie Gourmet Coffee to Commemorate Company's 69th Anniversary
Prnewswire· 2024-08-09 11:17
Core Insights - Natural Grocers® is launching a limited-edition Pecan Caramel Pie coffee to celebrate its 69th anniversary, available from August 9 to September 7, 2024, priced at $6.99 for 10 oz [1][2]. Product Attributes - The new coffee is Fair Trade Certified™ and organic, made from 100% Arabica beans, and contains no artificial flavorings, colors, additives, or preservatives [4]. - The coffee is packaged in BPA-free bags and is sourced from a trusted supplier that has been providing Natural Grocers with organic coffee since 2018 [3][4]. Brand Expansion - Natural Grocers' house brand includes over 800 high-quality products, with recent additions such as organic dog treats, vegan soaps, and various organic cereals [5]. - The company plans to introduce more premium-quality products at affordable prices, including new frozen pizza varieties and seasonal flavored coffees [5]. Company Overview - Founded in 1955, Natural Grocers by Vitamin Cottage, Inc. operates 169 stores across 21 states, focusing on natural and organic groceries, body care products, and dietary supplements [7]. - The company adheres to strict quality guidelines, ensuring all products are USDA-certified organic and free from artificial ingredients [7].
Swiss Water Decaffeinated Coffee Inc. Conference Call Notification for 2024 Second Quarter Results
GlobeNewswire News Room· 2024-08-01 21:00
VANCOUVER, British Columbia, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Swiss Water Decaffeinated Coffee Inc. (TSX: SWP) ("Swiss Water" or "the Company") announced today that it will hold a conference call to discuss its financial results for the three and six months ended June 30, 2024, on Thursday, August 8, 2024, at 1:00 PM Pacific (4:00 pm Eastern). The call can be accessed by dialing, approximately five minutes before the call: 1-800-715-9871 (toll-free) or 1-646-307-1963 (international); The listener will be p ...
Reborn Coffee Announces Strategic Joint Venture with China's AI Company Penglai Data Store to Lead and Develop Master Franchises in China, Hong Kong and Macao
GlobeNewswire News Room· 2024-07-30 12:31
BREA, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (NASDAQ: REBN), a leading specialty coffee retailer in the US, today announced a strategic partnership and joint venture with a prominent China AI Database Company - Penglai Data Store (Shenzhen), led by CEO Alex Guo, which develops the high performance AI database software - HetuKV optimizing the AI learning and training process for businesses. This collaboration signifies the official launch of Reborn China, an innovative venture poised to ...
Luckin Coffee Inc. Announces Second Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-07-30 11:00
Core Insights - Luckin Coffee reported a significant increase in total net revenues, rising 35.5% to RMB8,402.6 million (US$1,156.2 million) in Q2 2024 compared to RMB6,201.4 million in Q2 2023 [2][8] - The company achieved a GAAP operating margin of 12.5%, showing improvement from the previous quarter [6][22] - The average monthly transacting customers surged by 61.8% to 69.7 million compared to 43.1 million in the same quarter of the previous year [3][7] Financial Performance - Revenues from self-operated stores increased by 39.6% to RMB6,277.0 million (US$863.7 million) from RMB4,495.3 million in Q2 2023 [4][8] - Revenues from partnership stores grew by 24.5% to RMB1,850.2 million (US$254.6 million) compared to RMB1,485.8 million in the same quarter of 2023 [5][11] - Total operating expenses rose by 46.2% to RMB7,351.9 million (US$1,011.7 million) from RMB5,028.6 million in Q2 2023, primarily due to business expansion [12][8] Store Expansion - The company opened 1,371 net new stores in Q2 2024, including five in Singapore, resulting in a total of 19,961 stores at the end of the quarter [3][7] - The number of self-operated stores reached 13,056, while partnership stores totaled 6,905 [3][8] Customer Engagement - The average monthly transacting customers increased significantly to 69.7 million, up from 43.1 million in the same quarter of 2023 [3][7] - Same-store sales growth for self-operated stores was negative 20.9%, compared to a positive growth of 20.8% in the same quarter of 2023 [4][21] Profitability Metrics - GAAP operating income was RMB1,050.7 million (US$144.6 million), down from RMB1,172.8 million in Q2 2023, reflecting a GAAP operating margin decrease from 18.9% [6][22] - Non-GAAP operating income was RMB1,150.6 million (US$158.3 million), with a non-GAAP operating margin of 13.7%, down from 19.9% in the same quarter of 2023 [6][22] Strategic Developments - The company entered into agreements to procure approximately 120,000 metric tons of coffee beans from Brazil through the end of 2025, enhancing its supply chain [7][8] - The CEO emphasized the focus on delivering value to customers and expanding the store footprint while introducing innovative products [7][8]
Westrock Coffee Company to Report Second Quarter 2024 Financial Results on August 8, 2024
GlobeNewswire News Room· 2024-07-24 20:05
Company Overview - Westrock Coffee Company is a leading integrated provider of coffee, tea, flavors, extracts, and ingredients solutions in the U.S. [4] - The company offers a wide range of services including coffee sourcing, supply chain management, product development, roasting, packaging, and distribution [4] - Westrock Coffee operates in various sectors such as retail, foodservice, restaurants, convenience stores, noncommercial, consumer packaged goods (CPG), and hospitality industries globally [4] - The company has offices in 10 countries and sources coffee and tea from 35 origin countries [4] Upcoming Financial Reporting - Westrock Coffee is scheduled to report its second quarter 2024 results on August 8, 2024, after market close [3] - Following the earnings report, a live earnings conference call will take place at 4:30 p.m. ET [3]
Can This Coffee Stock Extend Its Activist-Driven Rally?
MarketBeat· 2024-07-24 11:05
Most of the market had grown worried about the fate of consumer discretionary stocks, especially after realizing that the U.S. consumer is now suffering more and more from stickier inflation rates. While this may have some traction, fear is often not real when it comes to a certain group of stocks within this space, with more than just sound financial momentum behind them. Starbucks Today SBUX Starbucks $76.26 -0.29 (-0.38%) 52-Week Range $71.55 ▼ $107.66 Dividend Yield 2.99% P/E Ratio 21.01 Price Target $9 ...
Reborn Coffee Provides First Quarter 2024 Corporate Update and Financial Results
GlobeNewswire News Room· 2024-07-23 12:31
Q12024 Revenue Increased 35% to $1.5 Million Q1 2024 Gross Profit Increased 51% to $1.1 Million BREA, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), ("Reborn", or the "Company"), a California-based retailer of specialty coffee, has reported its financial and operational results for the first quarter ended March 31, 2024. Key Financial and Operational Highlights Revenue increased 35% to $1.5 million in Q1'24 from $1.1 million in Q1'23. Ended Q1'24 with 11 open locations, with on ...
Reborn Coffee Signs MOU to Acquire Iconic Korean Bakery Brand Bbang Ssaem Bakery
GlobeNewswire News Room· 2024-07-16 12:31
Reborn Coffee, Inc. (NASDAQ: REBN) is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Reborn believes they differentiate themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a ...
Forget Coffee: Starbucks Sells Energy Drinks! (Just Kidding About the "Forget Coffee" Thing)
The Motley Fool· 2024-07-02 17:50
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. Jason Moser: Doing alright, Ricky. How about you? Ricky Mulvey: There you go. Let's talk first. Before we get to Starbucks' new energy drink, let's talk first about the Apple Vision Pro. Apple has paused work on the next Vision Pro device they're instead focusing on a cheaper device, maybe an Apple ...
Forget Dutch Bros: Consider This Magnificent Coffee Stock Instead
The Motley Fool· 2024-06-30 15:23
The bullishness surrounding Dutch Bros That huge potential is precisely what investors are excited about. Should the business get even remotely close to that figure, revenue will be significantly higher. With Dutch Bros, investors have to worry about execution risk. Any executive team can throw out a lofty store target. However, the intensely competitive nature of the restaurant sector means Dutch Bros will have a challenging time reaching its goal. And this makes it the smarter stock to buy, in my opinion. ...