Tata Starbucks

Starbucks Reports Q1 Fiscal 2024 Results

Retrieved on: 
Tuesday, January 30, 2024

Operating income decreased to $209.7 million in Q1 FY24 compared to $226.3 million in Q1 FY23.

Key Points: 
  • Operating income decreased to $209.7 million in Q1 FY24 compared to $226.3 million in Q1 FY23.
  • The company will discuss fiscal year 2024 financial targets during its Q1 FY24 earnings conference call starting today at 2:00 p.m. Pacific Time.
  • As part of the long-term commitment to elevate the coffee experience in India, Tata Starbucks will also open its second Starbucks ReserveĀ® store this year.
  • The Board of Directors declared a cash dividend of $0.57 per share, payable on February 23, 2024, to shareholders of record on February 9, 2024.

Dutch Bros Inc. Reports Fourth Quarter and Fiscal Year 2023 New Shop Openings

Retrieved on: 
Monday, January 8, 2024

Fourth Quarter and Full Year 2023 New Shop Openings:

Key Points: 
  • Fourth Quarter and Full Year 2023 New Shop Openings:
    Opened 37 new shops in the fourth quarter of 2023, of which 32 were company-operated.
  • As of December 31, 2023, the Dutch Bros system consisted of 831 shops (542 company-operated and 289 franchised-operated) across 16 states.
  • For full year 2024, Dutch Bros is providing the following preliminary outlook:
    Total system shop openings are expected to be at least 150 - 165.
  • He comes to Dutch Bros from Phenom People, Inc, where he served as Chief Human Resources Officer and Chief Evangelist.

Starbucks Transitions Retail Business in South Korea to E-Mart and GIC

Retrieved on: 
Tuesday, July 27, 2021

In addition, Starbucks Coffee Company has agreed to sell its remaining ownership share of Starbucks Coffee Korea Co., Ltd. to an affiliate of GIC Private Limited, (GIC), Singapores sovereign wealth fund.

Key Points: 
  • In addition, Starbucks Coffee Company has agreed to sell its remaining ownership share of Starbucks Coffee Korea Co., Ltd. to an affiliate of GIC Private Limited, (GIC), Singapores sovereign wealth fund.
  • This will give GIC a 32.5% ownership stake in Starbucks Coffee Korea Co., Ltd.
    As Starbucks fifth largest market, South Korea continues to be an important market for Starbucks, said Michael Conway, group president, International and Channel Development.
  • As a long-term investor, GIC is confident that Starbucks Coffee Korea will play an important role in setting retail coffee trends and further driving industry growth in South Korea.
  • As with all of Starbucks licensed markets, the company will continue to maintain a strong relationship with Starbucks Coffee Korea, leveraging Starbucks key global success drivers to enhance the local Starbucks Experience for customers and partners in Korea.

Quick Service Restaurants Market in India is Projected to Grow at a CAGR Of Over 18% During the Period, 2021-2025 - ResearchAndMarkets.com

Retrieved on: 
Friday, March 13, 2020

QSR market is broadly categorized into Food & Beverages segments with Food category holding the majority share in the market.

Key Points: 
  • QSR market is broadly categorized into Food & Beverages segments with Food category holding the majority share in the market.
  • North India dominated the country's QSR market in 2019, and the region is expected to maintain its dominance during the forecast period.
  • Some of the major market players operating in India QSR market include Jubilant FoodWorks Limited, Coffee Day Global Limited, Hardcastle Restaurants Pvt.
  • Ltd. (HRPL), Sapphire Foods India Pvt Ltd, Devyani International Limited, Connaught Plaza Restaurants Limited, Burger Kind India Pvt Ltd, Tata Starbucks Private Limited, Subway System India Pvt Ltd, Burman Hospitality Private Limited, among others.