Facing direct competition from Celsius as consumers shift from coffee to energy drinks for morning caffeine.

Successful turnaround with 6.2% same-store sales growth as corporate changes begin to pay off.

First EPS beat in five quarters; turnaround plan gaining traction with strong North American same-store sales.

Launching a new protein-based product line to tap into health trends; investors should monitor if this improves margins in upcoming earnings.

Trading at a 3.0x sales multiple, used as a valuation benchmark for Blank Street Coffee.

The company is launching protein-based menu items to leverage health trends and potentially increase average ticket prices.

The company's model of using over-roasted beans for consistency faces a long-term brand risk as consumer tastes evolve towards higher-quality coffee, with its core product viewed as inferior by a growing segment of coffee drinkers.

The business model is highlighted as a 'home run' due to incredible margins and the ability to successfully serve unmet demand in underserved markets.

Highlighted as a 'pinnacle example' of a non-financial company acting like a bank by capturing customer deposits on its app, a model other brands may emulate.

The company's growth plans in China, a key market, are being 'significantly hurt' by the aggressive expansion and disruptive model of competitor Luckin Coffee, which now has approximately three times as many stores in the country.