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…

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…

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…

Nestle reports 6.2% quarterly sales drop

April 24, 2020

Nestle reported total sales decreased by 6.2% to CHF 20.8 billion ($21.46 billion) for the first quarter of 2020 while organic growth reached 4.3% with real…

House approves additional $484B in COVID-19 funds for small businesses, testing, hospitals

April 24, 2020

The U.S. House of Representatives on Thursday approved $484 billion in aid to small businesses, testing and hospitals struggling from the coronavirus pandemic…

Euvend & coffeena trade show to co-locate with Orgatec show Oct. 29-31

April 23, 2020

The euvend & coffeena trade fair, sponsored by the European Vending & Coffee Service Association and the German Vending Association, will be held Oct.

Danone reports first quarter sales gain, withdraws 2020 guidance due to coronavirus pandemic

April 22, 2020

Danone reported a 3.7% increase in the first quarter with consolidated sales at €6.2 billion ($6.722 billion), with 2.9% growth in volume and 0.8% growth in…

US Senate approves $484 B to shore up COVID-19 aid to businesses, hospitals

April 22, 2020

The U.S. Senate passed a $484 billion Tuesday to provide additional aid for small businesses and hospitals to address the current health and economic crises…

Parlevel Systems releases e-commerce tool for convenience service operators

April 21, 2020

Parlevel Systems has released Parlevel Run, a service that enables convenience services businesses to deliver products directly to consumers, according to a…

NAMA’s Carla Balakgie to address virtual health summit

April 21, 2020

Carla Balakgie Carla Balakgie, CEO of the National Automatic Merchandising Association, will be a featured speaker at PHA 10:  Accelerating a…

Coffee futures surge on coronavirus stockpiling

April 16, 2020

Coffee prices rallied this past month, as global lockdowns drove consumers to stock up on home supplies, according to a CNBC report.

US coffee consumption continues to rise, 2020 NCA report finds

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

The National Coffee Association recently unveiled its most comprehensive survey ever of American coffee drinking habits, showing American coffee drinking has…

Nuzee offers free copacking to 100 roasters affected by COVID-19

April 15, 2020

Nuzee, a coffee copacker and provider of coffee packing machines, is offering free copacking on 50,000 total coffee t-bag pouches to 100 roasters…

Keurig Dr Pepper closes $1.5 billion public offering

April 14, 2020

Keurig Dr Pepper has closed its previously-announced $1.5 billion public offering of senior notes in a transaction that was nearly 10 times oversubscribed…

Starbucks withdraws fiscal 2020 guidance due to coronavirus

April 9, 2020

Starbucks Corp. on Wednesday withdrew its guidance for fiscal 2020 on account of the COVID-19 outbreak, according to a shareholder letter from Kevin Johnson…

CARES Act will provide more loans, unemployment and tax benefits

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

The Coronavirus Aid, Relief, and Economic Security Act, signed into law at the end of March, provides new loan programs that vary depending on a company’s…

Royal Cup Coffee and Tea announces layoffs due to coronavirus pandemic

April 8, 2020

Royal Cup Coffee and Tea, a roaster, retailer and coffee service provider based Birmingham, Alabama, has reduced work schedules and eliminated positions for…

Keurig Dr Pepper announces debt refinancing

April 7, 2020

Keurig Dr Pepper announced a strategic refinancing program, intended to extend the company's debt maturities and enhance its liquidity profile, according to a…