Similar Stories to Mcdonald’s Latest Move Should Terrify Starbucks (mcd) on Bing News

Mike Mozart/flickrMcDonald's is making changes to its coffee line in hopes of chipping away at Starbucks' coffee empire. The company first launched its coffee brand, McCafe, eight years ago, and it now generates about $4 billion annually, or about 16% of sales per year. Next year it's relaunching the brand by upgrading its espresso machines and kicking off a marketing campaign that will highlight its competitive prices, Bloomberg reports.

BING NEWS:
  • Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans
    Starbucks' (SBUX) green siren seems to be lost at sea. The coffee giant had its worst day in trading since March 2020, with shares down nearly 16% on Wednesday after reporting Q2 results that were ...
    05/1/2024 - 9:53 am | View Link
  • McDonald’s Earnings Report Reveals How CosMc’s Stacks Up to Starbucks, Dunkin
    Comparing foot traffic at the flagship CosMc’s location in Bolingbrook, IL, against Starbucks, Dunkin, and McDonald’s locations within a one-mile radius “reveals significant differences in ...
    04/23/2024 - 8:44 am | View Link
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