SBUX - Starbucks and Dunkin' Brands start to reel in office workers again
The pandemic changed coffee consumption habits with 85% of coffee drinkers having at least one cup at home (up 8% since January of 2020) and average daily consumption steady at nearly 2 cups per capita. As more businesses bring back employees, the at-home trend could be changing, according to a survey by the National Coffee Association. The results indicate that 48% of Americans are already returning to their favorite coffee shops or plan to in the next month. Drive-through and app-based ordering are both already up by 30% since January of 2020. Those marks are anticipated to go even higher as COVID rules are relaxed and more offices bring back workers.Looking ahead, some larger coffee chains like Starbucks ([[SBUX]] -0.2%) and Dunkin' Donuts ([[DNKN]]) could benefit from the reduced number of independent coffee stores in comparison to a year ago.Starbucks is likely to report earnings near the end of April.
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Starbucks and Dunkin' Brands start to reel in office workers again