) popular coffee brand Seattle's Best Coffee announced plans to
open 15 new drive-thru cafes in the Dallas-Fort Worth region this
Drive Thru cafes are Seattle Best Coffee's new retail concept
which are increasingly gaining popularity. This concept caters to
a growing number of coffee lovers who don't have the time to go
to a café. Moreover, these cafes generate incremental revenues
and profits compared to traditional stores.
The menu at these cafes will include coffee, dessert-inspired
specialty coffee drinks, hearty egg sandwiches and pretzel melts,
and sweet and savory handheld Anytime Pies. The cafes will also
provide more than 150 new full- and part-time jobs to the
Starbucks also announced the appointment of Sharon Rothstein
as its global chief marketing officer. Rothstein previously
served as senior vice president of marketing at specialty beauty
Starbucks carries a Zacks Rank #3 (Hold). We like Starbucks'
strong market standing, new product launches, rapid growth in
China, the flourishing Channel Development business as well as
the solid turnaround in its U.S. business. We believe that the
company has compelling growth drivers like La Boulange bakery
products, Verismo at-home-coffee machine, Teavana tea and K-Cups
packs to sustain earnings momentum in the next few quarters.
However, poor sales in Europe due to the depressed macroeconomic
conditions keep us on the sidelines.
Other Stocks to Consider
Some other stocks in the retail/restaurant industry that are
currently doing well and are worth considering include
Red Robin Gourmet Burgers Inc.
) - Zacks Rank #1 (Strong Buy),
Burger King Worldwide, Inc.
) - Zacks Rank #2 (Buy) and
Dunkin' Brands Group, Inc.
) - Zacks Rank #2 (Buy).
BURGER KING WWD (BKW): Free Stock Analysis
DUNKIN BRANDS (DNKN): Free Stock Analysis
RED ROBIN GOURM (RRGB): Free Stock Analysis
STARBUCKS CORP (SBUX): Free Stock Analysis
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