食品思考：夏季甜品

IndustryFood for Thought Lauren Silberman, CFAResearch Analyst+1-212-250-1285Anish ChejerlaResearch Associate+1-212-250-9293 Weekly Restaurant NewsDB CoverageMcDonald's: McDonald's brought back its much-anticipated Snack Wrap on 7/10,availableinRanchandSpicyfor$2.99each.(USAToday;10July2025)Starbucks: Starbucks introduced the new Strato Frappuccino Blended Beverageon 7/8, available in Salted Caramel Mocha, Strawberry Matcha and Brown Sugar,featuring a Frappuccino topped with Cold Foam. The Strato Frappuccino is one ofthe first beverages to be tested through Starting 5, a new program in which fivestores test new menu items before national rollout. (Starbucks; 7 July 2025)Starbucks: Starbucks is exploring ways to remove canola oil from its Us foodlineup, noting the brand plans to add a new egg bite made with avocado oilStarbucks appears to be increasing health-forward efforts, noting the brandremovedtheupchargefornondairymilk,addedanunsweetenedmatchapowderStarbucks: Starbucks has reportedly received ~30 non-binding offers fromprospective investors for its China business, valuing the at $5-10BN, with biddingexpected to settle toward the higher end of the range. Most proposals appear to beeyeing a controlling stake in the company, though Starbucks remains committed tomaintaining a significant stake. (CNBC; 9 July 2025)Taco Bell: Taco Bell teamed up with Bad Birdie to host a junior golf tournament andreleased a limited-edition merch collection availablvia the Bad Birdie website.(Taco Bell; 8 July 2025)Taco Bell: Taco Bell is launching Sweet Ci@potle BBQ Chicken Nacho Fries on 7/17and Dulce de Leche Cinnabon Delights,, available 7/31-8/13. (lnstagram; 8 July2025)微信Taco Bell/Popeyes/Jack intheBox:InresponsetoMcDonald's Snack Wraplaunchthis week, Popeyes is offering customers a free Popeyes Chicken Wrap with a $5+purchase 7/10-7/13, Taco Bell offered rewards members its Crispy Chicken Tacosand Burritos for s2.40 on 7/10 (in nod to wraps being on the menu for 24 days), andJack in the Box is offering rewards members BOGO free Jack Wraps 7/11-7/13.(Delish; 10 July 2025)Burger King: Burger King is introducing the new Whopper by You platform,allowing guests to submit their dream Whopper creations that could inspire thenext Whopper innovation, noting rewards members will receive a random freereward with their first Whopper By You submission. The platform is kicking off withthe new BBQ Brisket Whopper, also available as a Whopper Jr. for the first time,availablestarting7/15.(BurgerKing;9July2025)Burger King: Burger King is bringing back the Frozen Cotton Candy beverage on7/14, and relaunching its mobile game, Cloud Float 2, available through its app.BurgerKing is also expanding its beverage lineupwith the addition of Mango PeachLemonade and Classic lced Coffee. (QSR Magazine; 7 July 2025)Page 2 11 July 2025RestaurantsFood for ThoughtTim Hortons: Tim Hortons is bringing back Camp Day on 7/16, with 100% ofproceeds from hot and iced coffee sold to be donated to Tim Hortons FoundationCamps. The brand is also selling $3 Camp Day bracelets with proceeds to supportTims Camps. (Tim Hortons; 7 July 2025)Tim Hortons (US): Tim Hortons US introduced new fruity Refreshers, includingStrawberry Watermelon Kiwi and Tropical Mango, as well as a new lineup ofstrawberry baked goods. Tim Hortons is also featuring caramelin the Caramel iCEDCAPP, Caramel lced Coffee and Salted Caramel Cookie made with HEATH, and hasimproved the recipe for its Chocolate Chunk Cookie. (Tim Hortons; 9 July 2025)Domino's: Domino's brought back its "Best Deal Ever" promotion, offering anypizza with any toppings for s9.99 when ordered online from 7/7-8/3. Domino's isalso featuring three chef-curated pizzas, including Rachel's Sweet Buffalo,Spencer's Garlic Parm Bananza and Hannah's Alfredo Veggie Melt. Domino's alsooffered this promotion earlier this year from 2/10-3/2. (Domino's; 7 July 2025)Domino's (China): Domino's Pizza China opened 93 stores in 2Q, reaching 1,198locations, noting the company has opened 190 locations in 1H25, makingsignificant progress on its 300-store opening target for 2025. (Domino's China; 9July2025)Shake Shack: Shake Shack is bringing back Chicken Sundays, offering a freeChicken Shack with a s10+ purchase through digital channels, available everySunday from 7/6-7/27. (Shake Shack; 6 July 2025)Shake Shack: Shake Shack offered a BOGO SmokeShack in NYC stores via digitalchannels from 7/4-7/7. (Shake Shack; 4 July 2025)Shake Shack: Shake Shackis offering a free shake with a $10 digital purchase dailyfrom 2-5PM from 7/1-9/30. (Shake Shack; 1 July 2025)Wendy's: Wendy's CEO Kirk Tanner is leaving the company after ~18 months tobecome CEO at The Hershey Company, effective 7/18. The Board has appointedCFO Ken Cook as Interim CEO and launched a comprehensive search process toselect a permanent CEO. Wendy's also announced that the Board has electedBradley Peltz to serveasa director, replacing Matthew Peltz, who has resigned fromtheBoard. (Wendy's;