About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

LITTLE ROCK, Ark., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Westrock Coffee Company (NASDAQ: WEST) ("Westrock Coffee" or the "Company"), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States, today announced that it has commenced an exchange offer (the "Offer") and consent solicitation (the "Consent Solicitation") relating to its outstanding (i) public warrants to purchase shares of common stock of the Company, par value $0.01 per share ("common shares"), whic ...

BREA, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee Inc. (Nasdaq: REBN), ("Reborn", or the "Company"), a leading specialty coffee retailer in the US, has reported its financial and operational results for the second quarter ended June 30, 2024. Key Financial and Operational Highlights Six months ending June 30, 2024 revenue increased 11.54% to $2.9 million. Q2'24 company-operated store gross margins improved to 72.9% compared to 65.3% for the same period in 2023. Ended Q2'24 with 11 open locations ...

Core Insights - Reborn Coffee, Inc. is expanding into the China market through a Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co., targeting Shenyang, the capital of Liaoning Province, which has a population of over 43 million [1][2]. Company Expansion - The partnership aims to combine Reborn Coffee's expertise in retail coffee operations with Shenyang Yongsheng's influence in tourism, intending to enhance the coffee culture in Liaoning Province [2][4]. - The flagship store in Shenyang is expected to set a new standard for future expansions in the region, reflecting Reborn Coffee's commitment to quality and community engagement [3]. Market Positioning - Reborn Coffee is positioning itself in one of the world's fastest-growing coffee markets, leveraging its innovative approach to specialty coffee to attract local consumers [3][4]. - The collaboration is anticipated to result in a successful venture, given the strong tourism footprint of Shenyang Yongsheng Seven Stars [4]. Company Overview - Reborn Coffee focuses on high-quality, specialty-roasted coffee and aims for continuous improvement through technology and traditional brewing techniques [5].

As one of the most consumed beverages in the world, coffee stocks have become a go-to investment for investors seeking high returns. Originating in Africa, coffee has evolved through three distinct waves to become an integral part of our lives. Today, the dark liquid is consumed by over a billion people worldwide while fueling the expansion of artisanal blends and cafe culture. In other words, the demand for coffee isn't going away anytime soon. Driven by the role of emerging markets in specialty coffee and ...

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].

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 ...

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 ...

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]

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]