U.S. coffeehouse segment could see banner year in 2012 due to rising same-store sales, more stable coffee prices, increase in consumer packaged goods revenue, according to new report
January 8, 2012
– According to a report from Jefferies & Company Inc., the U.S. coffeehouse segment could see a banner year due partly to rising same-store sales, Nation’s Restaurant News reported Jan. 6.
The report also pointed to more stable coffee prices and an increase in consumer packaged goods revenue as reasons for the high expectations.
The coffeehouse segment should see sales growth of 8% to 10% this year, said Jefferies equity analyst Andy Barish. He also projected revenue growth of between 15% and 20% for Starbucks and Dunkin’ Donuts, and of about 20% for Peet’s and Caribou Coffee.
The primary source of this article is Nation’s Restaurant News, New York, New York, on Jan. 6, 2012.