Abstract: A thermally-insulating cup holding sleeve comprises an elongated cover, a strip of foam material and a plurality of cup gripping members. The elongated cover has opposing end portions thereof attached to each other such that the elongated cover forms a tapered sleeve body having an interior face and an exterior face. The elongated cover includes an interior space extending along substantially an entire length of the elongated cover. The strip of foam material is disposed within the interior space of the elongated cover. The strip of foam material extends along substantially an entire length of the elongated cover. The plurality of cup gripping members is attached in a spaced-apart manner to the interior face of the elongated cover.