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 ...

BREA, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (Nasdaq: REBN), a leading global specialty coffee brand, is pleased to announce a significant expansion into the China market through a strategic Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co., facilitated by Reborn China. This transformative partnership will establish Reborn Coffee's premier locations in Shenyang, the bustling capital of Liaoning Province, home to over 43 million people. This joint ven ...

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 ...

Company expands premium-quality house brand with new Fair Trade Certified™ and organic flavor of ground coffee LAKEWOOD, Colo., Aug. 9, 2024 /PRNewswire/ -- August is a month that inspires everyone to gobble up the last, tastiest bits of summer. Summer nostalgia seems to burn the brightest in August. From the sounds of kids splashing in a pool, to peaceful nights with starry skies and the calming buzz of insects, to backyard gettogethers with family and friends and sweet summer treats…like pie! To commemora ...

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]

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 ...