PPP loans perplex borrowers: Experts offer guidance

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

A Tuesday webinar sponsored by the American Amusement Machine Association attempted to give guidance to companies trying to navigate the process of applying…

Starbucks fiscal Q2 earnings hit by COVID-19

by David Jones — Editor, Networld Media Group

April 29, 2020

Starbucks Corp., one of the first global companies to feel the sting of COVID-19, reported a 47% drop in earnings during its fiscal second quarter, yet managed…

J & J Snack Foods reports sales decline in Q2

April 29, 2020

J & J Snack Foods Corp. sales decreased 2% in the second quarter, to $272.0 million, compared to $276.3 million in last year's second quarter, according to…

Mondelez reports 2.6% gain in Q1 net revenue

April 29, 2020

Mondelēz International, Inc. reported net revenues increased 2.6% in the first quarter driven by organic net revenue growth of 6.4% offset by unfavorable…

Illycaffe expands aluminum capsules for Nespresso machines

April 29, 2020

illycaffè introduced its expanded line of aluminum capsules compatible with Nespresso Original coffee machines. Now also available is Decaffeinato espresso…

Judge’s ruling to allow Nestle to extract more Michigan water

April 29, 2020

A Michigan judge upheld a permit that allows Nestle to increase the amount of groundwater it extracts for its Ice Mountain bottled water brand, according to an…

Belgian city develops fresh food machine to minimize COVID-19 risk

April 29, 2020

The Belgian city of Leuven has developed a mobile food vending machine to allow customers to purchase products from local farmers safely right from the farmer…

NAMA webinar Thursday to feature 3 operators

April 29, 2020

The National Automatic Merchandising Association will hold a webinar at 2 p.m. ET on Thursday featuring three operators: Niki Morton, executive vice president…

PepsiCo to distribute Bang Energy drinks

April 28, 2020

PepsiCo Inc. and Vital Pharmaceuticals Inc., a manufacturer of Bang Energy drinks, today announced they have entered into an exclusive alliance for PepsiCo to…

Keurig Dr Pepper reports 4.4.% Q1 net sales gain

April 28, 2020

Keurig Dr Pepper Inc. reported net sales in the first quarter of 2020 increased 4.4% to $2.61 billion, compared to $2.50 billion in the year-ago period…

Small businesses prepare for second chance at SBA loans

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Businesses that lost out on the first round of funding from Small Business Administration loans for relief from the coronavirus pandemic have been given a…

Aramark closes private offering of $1.5 billion in senior unsecured notes

April 28, 2020

Aramark has closed its private offering of $1.5 billion aggregate principal amount of 6.375% senior unsecured notes due 2025, according to a press release.

Componenti Vending introduces OEM component coffee grinders

April 28, 2020

  Series 252 Componenti Vending S.p.A. has introduced its new OEM component coffee grinders, series 256 Flatt Mill and series 252 conical mill. These…

NAMA announces virtual advocacy summit, 'fly-out' legislative assistance

April 28, 2020

The National Automatic Merchandising Association will host a virtual advocacy summit this year with lawmakers rather than the usual fly-in to Washington, D.C.

AMOA asks lawmakers to improve PPP loan program

April 28, 2020

Lori Schneider, executive vice president of the Amusement and Music Operators Association, sent a letter to federal lawmakers to thank them for establishing…

Betson teams working at limited capacity

April 28, 2020

Betson has advised customers that its parts, service, customer service and Raw Thrills support teams are currently open in a limited capacity, according to an…

Second fed loan program for small businesses hits snags

April 28, 2020

Computer glitches and slowdowns at the Small Business Administration frustrated small businesses again as lenders trying to submit loan applications through…

USA Technologies names new chairman, board, in agreement with Hudson Executive Capital

April 27, 2020

USA Technologies, Inc., a provider of cashless payments and software services for the self-service retail market, has named Douglas Bergeron, managing partner…

Will the pandemic affect coffee sales? 2010 data gives clues

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

In-home coffee preparation grew during the Great Recession, but consumers did not exit the category. Since then, more coffee offerings have been introduced to…

School sues Coca Cola, Vendo Company for fire caused by vending machine

April 27, 2020

A school in Alberta, Canada has sued the Coca-Cola Company for damages caused by a fire that started in one of its vending machines, according to an Edmonton…