Keurig Dr Pepper Inc. on Thursday reported a second-quarter profit as consumer behavior during the coronavirus pandemic led to higher sales.
While the COVID-19 pandemic has left many coffee shops struggling to adapt to new norms, the DNVR Coffee Company is thriving. Maybe that’s because nothing was ever normal for Blake Eatherton, who has been selling coffee from his bicycle-powered mobile coffee cart as a side hustle since April 2019.
Shares of Starbucks jumped as much as 6% in premarket trading Wednesday after the company’s July sales showed signs that the company’s recovery from the coronavirus pandemic lockdowns is picking up.
But the way he looks at it, if all had gone smoothly and the coffee roaster, coffee purveyor and co-work space provider had moved forward, it would have opened and then been slammed shut by the pandemic. Not the best launch for a small business.
The lost jobs come on the heels of weeks of turmoil for the Bay Area-based coffee chain, with more than 100 employees organizing to protest Philz’ handling of worker safety during the pandemic and skewering its reaction to the Black Lives Matter movement. Staff posted anti-Philz leaflets across downtown San Francisco and circulated that messaging on social media.
At select locations where a local government mandate is not in place, customers that may not be wearing a facial covering will have various options to order their Starbucks, including ordering at the drive-thru, curbside pickup through the Starbucks app or placing an order for delivery through Starbucks Delivers.
“For nearly two decades, July 11th has been the busiest day of the year for 7‑Eleven stores as millions of customers visit us to kick off summer with their favorite frozen drink,” said Marissa Jarratt, the company’s chief marketing officer. “But this year, we have to make changes for the greater good.”
The pandemic is expected to drive up the cost of harvesting coffee in Brazil. to make ends meet, producers are betting their chips on specialty coffee. The caveat is that cafés are closed in major cities like São Paulo, which used to be the biggest buyers of high-end product.
More than 1,000 shops are now on the platform and business is booming during the pandemic and shutdowns as coffee sellers and drinkers have been forced to change in-store habits and embrace a tech-driven solution. Joe Coffee says sales have increased 20X since March.
This week, both the International Coffee Organization and the International Cocoa Initiative warned of the dangers of child labor in major producing countries. With millions thrown out of work and economies slowing, poverty is increasing and hunger is getting worse.