1253 ET - Visits to coffeehouses are on the rise, data from Placer.ai shows. The location analytics company attributes the boost to affordable luxuries, such as coffee, tending to perform well in times of rising prices and heightened budget-consciousness. Starbucks continues to be the dominant player in the coffee category, capturing the majority of visits and demonstrating strong customer loyalty, the report says. The firm notes, though, that the chain is losing some of its market share to smaller, quickly growing companies including Dutch Bros and 7 Brew Coffee. Overall visits to Starbucks, scheduled to report earnings after the bell, slip 0.9% during 1Q, data show. (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 12:53 ET (16:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。