A lot of people can't start their day without a cup of coffee and it looks like coffee addicts are starting to buy their favorite morning caffeine boost at Dunkin’ Donuts instead of Starbucks lately.
The company Dunkin’ Brands which owns Dunkin' Donuts and ice cream shop Baskin-Robbins are up 10% this year and 25% over the past 12 months, largely due to earnings and sales that topped Wall Street’s forecasts. Their stock is even trading at an all-time high.
While Starbucks is flat this year and has lagged the performance of Dunkin’ over the past year.
Dunkin' Donuts is also updating their coffee lineup, they are ditching the frozen coffee beverage Coffee Coolatta and offering a new one. The phaseout will be completed by summer while the chain introduces the new Frozen Dunkin’ Coffee, which provides a more “authentic, energizing coffee drinking experience.”
Dunkin is also experimenting with a nitrogen-infused cold brew, just like Starbucks. And it has several other new products on the way, including a Coconut Crème Pie flavored iced coffee, a Chocolate Pretzel Donut and Peanut Butter Delight Croissant Donut.
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