This week on NRN.com, a fascinating analysis was published that shed light on why Dutch Bros is currently outpacing Starbucks in terms of performance. A recent comparison of the companies’ most recent quarterly results showed that Starbucks had experienced its worst fiscal quarter since the start of the pandemic, with a 4% decline in global same-store sales and a decrease in rewards memberships. This marked the first time in over a decade that Starbucks had seen such a decline. On the other hand, Dutch Bros, based in Oregon, emerged as one of the few success stories this quarter, reporting an impressive 10% increase in same-store sales and positive traffic trends.
Meanwhile, Pizza Hut announced plans to expand its menu by delving into the popular American category of burgers. The Plano, Texas-based restaurant recently introduced the Cheeseburger Melt nationwide. This handheld item features a parmesan-crusted thin crust that is folded and filled with beef, applewood-smoked bacon, onions, mozzarella, and cheddar cheese. It is served with Pizza Hut’s signature “Burger Sauce” on the side.
For more trending news from NRN.com this week and updates on developments within the restaurant industry, visit their website to stay informed.