Square's Newest Challenger Is Also a Thorn in Paypal's Side
Shares of Square (NYSE: SQ) recently slipped after Morgan Stanley analyst James Faucette noted that it had lost one of its customers, the Danish juice bar and coffee chain Joe & the Juice, to its European rival Ayden. Joe & the Juice operates over 300 stores across North America, Europe, Asia, and Australia.
Faucette noted that while Joe & the Juice's revenue contribution was "relatively immaterial" to Square, the company had previously cited it as a "key customer case" showing how it was gaining larger customers. That loss, Faucette claims, indicates that Square could struggle to expand overseas and lock in bigger customers.
Image source: Getty Images.
Source Fool.com