The price of a flat white has topped £3 across Britain's largest coffee shops for the first time, as households face a growing squeeze on their wallets.
The market has been especially unkind to former highfliers like drive-thru coffee shop Dutch Bros (NYSE: BROS). Dutch Bros stock is down 54% from the highs it hit following its initial public offering last September on fears that a recession will cause growth to slow. When consumers tighten their belts, coffee shop coffee is an easy discretionary purchase to cut out to save money.
Meet the number one seller of both coffee and tea to U.S. restaurants. IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with the CEO and CFO of Westrock Coffee […]