JDE Peet's Coffee to seek IPO to raise $764 M

May 19, 2020

JDE Peet's Coffee, which is owned by JAB Holdings and owns Peet's Coffee, Douwe Egberts, Jacobs and other brands, said on Tuesday it will try to to raise 70…

Shelter-in-place mandates push Keurig Dr Pepper's business

May 19, 2020

Keurig Dr Pepper has seen a spike in demand, first due to pantry loading and now because of strong replenishment demand due to shelter-in-place mandates…

Nuzee announces public offering

May 15, 2020

NuZee Inc., a single-serve pour-over coffee producer and co-packer, has announced a public offering of shares of its common stock on the Nasdaq Capital Market…

Nestle Waters plans new distribution facility

May 15, 2020

The Yorktown, New York planning board has approved plans for a Nestlé Waters distribution center that could bring 60 jobs to Yorktown, according to a Yorktown…

NAMA webinar today to address coping with COVID-19

May 14, 2020

Convenience services industry leaders take the virtual stage today in a free, 20-minute 2 p.m. EST webinar designed to share straight talk on what they're…

Self service coffee pioneer Luckin Coffee dismisses top officials over accounting scandal

May 13, 2020

China's Luckin Coffee, a self service pioneer considered to be China’s top rival to Starbucks, has dismissed two of its top executives over an accounting…

Survey says over 80% of U.S. small businesses expect long-term impact from pandemic

May 11, 2020

San Francisco-based Veem, a global payments network, surveyed 630 small business companies on a variety of issues regarding how the coronavirus has affected…

Northern Trust provides $100 million to support small business

May 11, 2020

Northern Trust Corporation is providing $100 million in low-cost funding to assist Community Development Financial Institutions in providing loans to small…

Convenience services leaders: Use the downtime to boost customer communication

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

The COVID-19 outbreak has provided companies an opportunity to enhance communication outreach and establish stronger customer relationships. This marks an…

Farmer Brothers reports 12% Q3 net sales fall

May 8, 2020

Farmer Bros. Company reported net sales were $129.1 million, a decrease of $17.5 million, or 12%, from the prior year period for its third fiscal quarter which…

Primo Water reports 11% Q1 revenue gain

May 8, 2020

Primo Water Corp. reported revenue increased 11% in the first quarter (increased by 13% excluding the impact of foreign exchange and the divested Cott…

NAMA releases guidelines, checklists for returning to full operations

May 6, 2020

The National Automatic Merchandising Association has released guidelines, including checklists, for operators working to keep break rooms safe, according to a…

Convenience services industry video reinforces industry’s commitment to safety

May 6, 2020

The convenience services industry banded together nationwide to send a powerful message of support to America's businesses in a 2-minute video produced by Vend…

Aramark reports 6.7% revenue decline for second quarter

May 5, 2020

Aramark's consolidated revenue declined 6.7% year-over-year for the second quarter to $3.7 billion, with underlying growth in the overall business more than…

You got the PPP— so now what?

by Pat Shea — Editor, NetworldMedia

You're approved for a PPP loan, but now what do you need to do once you receive funding?

S&D Coffee and Tea lays off 1,000 due to COVID-19

April 30, 2020

S&D Coffee and Tea, a roaster, retailer and coffee service provider which is now owned by Wet Rock Coffee Company in Little Rock, Arkansas, has laid off…

Dunkin' Brands pulls off Q1 EPS feat by beating analysts estimates

April 30, 2020

Dunkin' and Baskin-Robbins parent, Dunkin' Brands Group Inc., pulled off a first quarter surprise, reporting adjusted earnings of 67 cents, that beat analysts…

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…

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…

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…