McDonald's (NYS: MCD) is to start selling its McCafe brand in bags of ground coffee on the Canadian market next month, the firm's Canadian chief John Betts revealed to Reuters. It's likely that such goods will also be sold in the U.S., as the firm last month filed with the U.S. Patent and Trademark Office to apply the McCafe mark to ground and whole bean coffee products in this country.
If so, the McDonald's offerings will have to competeÂ in a crowded market stuffed with similar products from popular chains such as Dunkin Brands' (NAS: DNKN) Dunkin' Donuts and Starbucks (NAS: SBUX) . Both companies have been active in the ground and whole bean coffee segment for quite some time.
The move comes as McDonald's is preparing to expand its footprint in Canada. Betts revealed that the company is to open around 30 new outlets by the end of 2012 alone, which he said is "more restaurants than we've built in the last seven or eight years."
Beverages are refreshing, and they can also be good for your portfolio. SodaStream has had its ups and downs, but investors still have a chance of making money on the stock. Our premium report on SodaStream explains the opportunities, as well as the risks in the company. The report comes with a year's worth of updates, so just click here to get started.
The article McDonald's to Sell Ground Coffee in Canada originally appeared on Fool.com.
Eric Volkman has no positions in the stocks mentioned above. The Motley Fool owns shares of McDonald's and Starbucks and has the following options: short JAN 2013 $47.00 puts on Starbucks. Motley Fool newsletter services recommend McDonald's and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.