The Golden Growth Opportunity for U.S. Drugstores
The self-care movement is playing a key role in reshaping health care in a way that drug store retailers and manufacturers can’t afford to ignore. Recent data from The Conference Board Global Consumer Confidence Survey, in collaboration with Nielsen, shows that 18% of Americans reported health as a top concern, next only to the economy (22%) and immigration (19%). With the threat of rising health care costs, consumers are prioritizing wellness and taking a more active role in managing their own health.
Today’s health-minded consumers are looking beyond medicine to manage their health—and opting for healthier food is a big part of this mindset. Increasingly for drugstores, the way to consumer wallets is through their diet. However, Nielsen’s 2019 Health Care study showed that only 24% of consumers are satisfied with the health food selection in drugstores, compared with 75% who expressed satisfaction of...
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Impossible Foods Makes Retail Debut
Impossible Foods announced that the alternative meat company will make its debut in grocery stores on Friday at all 27 Gelson's Markets in Southern California. This is the first time that the general public will be able to buy and experience the Impossible Burger at home. The Impossible Burger is the plant-based meat that rivals ground beef, and is on menus in more than 17,000 restaurants. However, home chefs never had a chance to work with the Impossible Burger, until now.
Throughout the fourth quarter and in early 2020, Impossible Foods will expand its retail presence by launching the Impossible Burger in industry-leading grocery stores in key regions. Impossible Foods will launch in additional grocery stores later this...
Cultured Meat Market Forecast to Grow by 2032
According to MarketsandMarkets, the cultured meat market size is estimated to be valued at $214 million by 2025, and projected to reach $593 million by 2032. This projection will lead to a compound annual growth rate of 15.7% from 2025 to 2032. The rising consumption of meat along with increasing demand for nutritional meat are a few of the key factors driving the growth of the industry. When considering the categories of poultry, beef, seafood, pork, and duck, the poultry segment is projected to witness the fastest growth during the forecast. This is due to the availability of poultry when compared to other meat sources such as beef, and also the consumer preference for poultry and poultry products.
The increasing popularity of poultry products in many quick service restaurants has encouraged manufacturers to develop innovative alternative products to meet consumer demand. Additionally, the rising demand for chicken, due to...
Rabobank: Poultry Q4 2019 Outlook
Global poultry markets are expected to see some recovery in the coming months. However, this will be under fragile conditions. Key concerns are the ongoing oversupply situations in many global markets, like the EU, US and South Africa. Actually, only disease-affected China and Mexico, and Brazil (due to the combination of supply reduction and improved export demand), are performing relatively well. Other markets are suffering from oversupply.
Therefore, more disciplined supply should be the key to returning to profitability for the global poultry industry in 2H 2019. Notable positives are the expected ASF-related strength in pork prices, and the limited feed price upside risks, given the relatively good feed grain supply position expected in...
Panera Bread Launches New Category of Warm Grain Bowls
Just in time for fall, Panera is launching hearty, warm Grain Bowls featuring a medley of whole grains, crisp greens, vibrant vegetables and lean protein infused with bold, internationally-inspired flavors and sauces. The new Baja warm Grain Bowl and Mediterranean warm Grain Bowl--both available with or without chicken--mark Panera's entry into the grain bowl category. The introduction of grain bowls is the next step in Panera's evolving mission to offer more grains, plants and proteins on its menu, with a focus on delivering craveable food that makes you feel not just full, but fulfilled. This "Full of Good" philosophy leans into the notion that consumers shouldn't have to compromise between...
Darden Restaurants Reports Fiscal 2020 First Quarter Results
Darden Restaurants, Inc., today reported its financial results for the first quarter ended August 25, 2019.
First Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year
Total sales increased 3.5% to $2.13 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 0.9%Same-restaurant sales by brand...
The Makers of Hormel Mary Kitchen Hash Announce New Frozen Varieties
The makers of Hormel Mary Kitchen hash, America's No. 1 selling hash, announced today the launch of an innovative meal solution for the frozen breakfast foods aisle – the brand's first offering outside of the can since first coming off the production line 70 years ago.
The new items include two varieties of frozen hash – corned beef hash and turkey sausage sweet potato – and include more than 9 grams of protein in each serving. Made with a hearty blend of quality meats, roasted potatoes, onions, red bell peppers and a touch of select seasonings, Hormel Mary Kitchen frozen hash is sure to satisfy your craving for breakfast.
"Our new Hormel Mary Kitchen frozen hash products are a perfect way to...
NCBA Announces Leadership Changes
The National Cattlemen’s Beef Association (NCBA) announced two significant leadership changes today.
The NCBA Executive Committee of the National Cattlemen’s Beef Association confirmed Colin Woodall to serve as the association’s new Chief Executive Officer. Woodall, who was named this morning after an exhaustive national search, managed NCBA’s efforts in Washington, D.C., for more than a decade. Since joining NCBA in 2004, Woodall has been instrumental in ensuring the interests of NCBA members and the beef community, are well represented in the nation’s capital.
“Colin has served NCBA members for 15 years, and in that time, he has done a great deal for beef producers everywhere. Much of his work and many of...
Shop on Amazon, Pay in Cash
Amazon is making it even easier for customers to pay with cash. Amazon PayCode, already available in 19 countries around the world, launches today in the U.S. and allows customers to choose Amazon PayCode at checkout and then pay for their purchase in cash at one of 15,000 Western Union locations. Items ship once customers pay for their purchase in person at a participating Western Union location. Amazon PayCode will be rolling out to customers over the coming weeks.
Separately, Amazon Cash, which enables customers to load cash into their Amazon Balance for making online Amazon purchases, is now available in over 100,000 cash-loading locations nationwide. Customers in the U.S. who prefer to use cash are now...
ANALYSIS: Checking In On The Turkey Hatch
When it comes to turkey poult placements, 2019 has consistently trended below 2018 levels and August was no exception...
Tyson Foods Launches Pact Brand Refrigerated Snack Bites with Functional Benefits
Tyson Foods, Inc. has launched a new line of functional refrigerated protein snacks under its new brand, Pact, created to help people harness the natural benefits of food.
Developed by the company’s team of nutrition and culinary experts, Pact Snack Bites are expected to tap into a growing functional food market projected to reach $100 billion in the U.S. by 2025. Functional foods have potential to offer positive effects on health and wellness and can help people fill gaps in nutrition.
Pact Snack Bites are literally packed with nutrition. Made with real fruits and nuts, they have 10-plus wholesome ingredients per serving and contain ingredients like kombucha, matcha and...
Cracker Barrel Reports Strong Fourth Quarter And Full Year Fiscal 2019 Results
Cracker Barrel Old Country Store, Inc., today reported its financial results for the fourth quarter of fiscal 2019 ended August 2, 2019.
Fourth Quarter Fiscal 2019 Highlights
Perdue Foods Recalls Simply Smart Organics Frozen Chicken Ready-to-Eat Products
Perdue Foods, LLC, a Perry, Ga. establishment, is recalling approximately 495 pounds of frozen ready-to-eat chicken products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product contains wheat, a known allergen, which is not declared on the product label.
The frozen ready-to-eat chicken products are labeled as gluten free chicken breast tenders but contain chicken nugget products. The items were produced on August 30, 2019. The following products are subject to recall...
Technomic: Operators Must Showcase Value and Innovation to Gain Share of Pasta and Noodle Occasions
Consumption of pasta and noodle dishes in Canada is high but skews significantly toward at-home occasions, according to Technomic’s new 2019 Canadian Pasta Consumer Trend Report. In order to drive sales, operators should offer a unique draw for consumers that they won’t be able to find elsewhere.
“Operators need to convey that their pasta and noodle dishes are worth the price of dining out and offer a meal that simply can’t be replicated at home,” explains Charles Winship, manager of consumer insights at Technomic. “Authentic preparations, high-quality ingredients and innovative flavour profiles can all help elevate dishes, improving value perceptions.”
Key takeaways from the report include...
USDA Modernizes Swine Slaughter Inspection for the First Time in Over 50 Years
The U.S. Department of Agriculture (USDA) today announced a final rule to modernize swine slaughter inspection and bring it into the 21st century. For the first time in more than five decades, the USDA’s Food Safety and Inspection Service (FSIS) is modernizing inspection at market hog slaughter establishments with a goal of protecting public health while allowing for food safety innovations.
“This regulatory change allows us to ensure food safety while eliminating outdated rules and allowing for companies to innovate,” Secretary Sonny Perdue said. “The final rule is the culmination of a science-based and data-driven rule making...
Chipotle Launches Carne Asada Nationwide
Chipotle Mexican Grill announced that it's introducing a brand-new steak option, Carne Asada, nationally on September 19, 2019. CHIPOTLE REWARDS members were the first to learn of the new menu item today. To showcase the importance of its Rewards members and the exclusive access the program provides, Chipotle invited its top steak lovers in New York and Los Angeles to attend early VIP tasting events.
This premium protein is cut into tender slices, seasoned with fresh squeezed lime and finished with hand-chopped cilantro and a blend of signature spices. Chipotle's Carne Asada has been officially approved for the Whole30® program, and is compliant with a Paleo diet.
Additionally, Chipotle teamed up with...
Fresh and Focused: The U.S. Retailer Path to Winning Brick and Mortar
Despite the explosion in online shopping in the U.S., physical stores haven’t gone by the wayside. Why? In a word: fresh.
Although e-commerce represents just 4% of grocery sales today, it accounts for nearly one-third of total growth. And Americans are increasingly heading online to shop for nonperishables, household items and pet products, making the concept of stock up grocery trips a thing of the past for many shoppers.
Yet the fresh departments (bakery, deli, meat, produce and seafood) still lure people into physical stores; in fact, online grocery shoppers spend 1.5% more in-store on fresh food than the average consumer does. As more category sales continue to...
August Retail Sales Grew 4.1 Percent Over Last Year but New Tariffs Present 'Downside Risk'
Retail sales were up 0.4 percent in August seasonally adjusted from July and up 4.6 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.
“While consumer attitudes about the economy indicate some retreating optimism, the bottom line is that consumer spending remained resilient in August and continued to be a key contributor to U.S. economic growth,” NRF Chief Economist Jack Kleinhenz said. “Trends remain strong, but August grew somewhat slower than July, which could reflect consumers’ concerns about the unpredictability of trade policy. It is too early to assess the impact of the new tariffs that took effect at the beginning of this month, but...
NPPC Statement on China Market Access
Chinese media reported that it was suspending the imposition of punitive tariffs on U.S. pork imports. The following is a statement from National Pork Producers Council President David Herring, a pork producer from Lillington, N.C.:
“If media reports are accurate, this is a most welcome development. The Chinese have placed punitive tariffs of 60% on most U.S. pork products, bringing the effective tariff rate on most U.S. pork to 72%.
“According to Iowa State University economist Dermot Hayes, the Chinese retaliation on U.S. pork has shaved $8 off the price of every hog sold in the United States for well over a year. Most of our competitors face only a...
CHART: Industry Expectations for Weekly Hog Slaughter
The Urner Barry hog slaughter poll for the week ending 9/21/19 resulted in an average industry participant response of 2,588,000 head...
CHART: Industry Expectations for Weekly Cattle Slaughter
US Foods Delivers a World of Authentic, Global Flavors with Fall Scoop 2019
US Foods Holding Corp. announced today the launch of Fall Scoop 2019, which focuses on “Global Discovery Made Easy” and showcases products with Latin American, Asian and Middle Eastern influences. With 54 percent of consumers saying they have gone out of their way to try a novel global food, today’s diners are hungry to explore new flavors from all over the world.1
To help restaurant operators stay competitive and meet this growing demand, US Foods collaborated with nationally recognized chefs, Chef Diana Dávila, Chef Thai Dang and Chef Sameh Wadi to advise on many of the...
Starbucks Announces Three New Appointments to Board of Directors
Starbucks Corporation announced today the appointment of Richard (Ritch) E. Allison, Jr., Chief Executive Officer of Domino’s; Andrew (Andy) Campion, Executive Vice President and Chief Financial Officer of NIKE; and Isabel Ge Mahe, Apple’s Vice President and Managing Director of Greater China, to the Starbucks Board of Directors. These appointments increase Starbucks Board of Directors to 13.
“As we pursue our goal of building an enduring company, I couldn’t be more excited to have Ritch, Andy and Isabel join our world-class board of directors,” said Kevin Johnson, Starbucks president and chief executive officer. “Their expertise across global technology, retail and customer experience at scale will accelerate our drive to innovate in a way that’s relevant to our customers and inspiring to our partners.”
All three joined the Starbucks Board of Directors effective Sept. 11, 2019. Other members of the Starbucks Board of Directors include...
Kroger and Ocado Name Dallas Location of Fifth High-Tech Customer Fulfillment Center
The Kroger Co., America's largest grocery retailer, and Ocado, one of the world's largest dedicated online grocery retailers, today announced Dallas, Texas, as the fifth location for a Customer Fulfillment Center (CFC).
"Kroger is incredibly excited to construct one of our industry-leading Customer Fulfillment Centers in Dallas, Texas — one of the largest cities in America — in relationship with Ocado to bring fresh food to our customers faster than ever before," said Robert Clark, Kroger's senior vice president of supply chain, manufacturing and sourcing. "Through our strategic partnership, we are engineering a model for the region, leveraging advanced robotics technology and creative solutions to redefine the customer experience for...
China to Exempt U.S. Pork, Soybeans from Additional Tariffs -Xinhua
China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China's official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war.
The United States and China have both made conciliatory gestures, with China renewing purchases of U.S. farm goods and U.S. President Donald Trump delaying a tariff increase on certain Chinese goods.
China had imposed three rounds of additional tariffs on U.S. pork, including 25% increases in April and July 2018 and a 10% bump this month, raising the total duty from...
VIDEO: Alternative Protein Popularity Rises; Chicken Export Analysis
NPPC Applauds EPA's Actions to Finalize New WOTUS Rule
The National Pork Producers Council applauded today’s action by the Environmental Protection Agency (EPA), repealing the previous Waters of the United States (WOTUS) rule and laying the groundwork for a new final rule.
The previous WOTUS rule was issued by the Obama administration in August 2015, giving EPA broad jurisdiction over U.S. waters to include other water bodies, upstream waters and intermittent and ephemeral streams that farmers use for drainage and irrigation. Most importantly, it also covered lands adjacent to waters such as farm fields. Prior to the 2015 rule, EPA’s jurisdiction over waterways – based on several U.S. Supreme Court decisions – included “navigable” waters and waters with a significant hydrologic connection to navigable waters.
“We’re pleased the EPA is moving towards a common sense WOTUS rule that works with—not against—farmers to protect our nation’s waterways,” said NPPC President David Herring, a pork producer from Lillington, N.C. “The previous WOTUS rule was a dramatic government overreach and an unprecedented expansion of federal authority over private lands. Today’s action will remove the threat...
NPD Group: Consumers Consider the Environment when Making Food and Beverage Decisions
Sustainability, which by definition is the avoidance of the depletion of natural resources in order to maintain an ecological balance, is a much talked about topic today and is used in a broader sense to mean environmental consciousness or earth-friendly. In the food and beverage and foodservice sectors, many grocers, food manufacturers, and restaurant operators are initiating sustainability efforts as socially responsible corporate citizens and to support consumer interests. Nine percent of adults consider the environment as a top factor when making food and beverage purchase decisions, and it’s young adults, ages 18-44 years old, who are most likely to feel this way, finds The NPD Group.
When making food and beverage purchase decisions based on the environment, packaging is most visible to consumers. One in ten U.S. adults, or roughly 20 million consumers, said that they have switched to a different food or beverage brand because...
ANALYSIS: Chicken Exports: A Strong Start to Q3
July’s export figures bring some much-needed clarity to a market which has been riddled with political trade tension and cross-protein competition, mostly in the form of increased outbound shipments of chicken...
Pork Producers Urge Congress to Ratify USMCA and Support Measures to Prevent Foreign Animal Disease
Congressional ratification of the U.S.-Mexico-Canada trade agreement (USMCA), allowing the U.S. pork industry to maintain zero-duty market access to two of its largest export markets, remains a top priority for the National Pork Producers Council (NPPC). More than 120 pork producers from across the country helped spread this and other messages on Capitol Hill this week during NPPC’s Fall Legislative Action Conference (LAC).
“Last year, Canada and Mexico took over 40 percent of the pork that was exported from the U.S. and they are expected to be a large percentage this year as well,” said NPPC President David Herring, a pork producer from Lillington, N.C. “USMCA will strengthen...
Packaged Facts: Alternative Proteins Budding with Organic and Clean Label Food Shoppers
Though the majority of Americans eat meat, trends throughout 2019—from the launch of Burger King's Impossible Whopper to skyrocketing shares of Beyond Meat's blockbuster IPO—hint at the multi-billion dollar potential impact of plant-based products on the nation's food and beverage market.
According to The Organic and Clean Label Food Shopper, 2nd Edition, a brand new report by market research firm Packaged Facts, consumers are increasingly more adventurous with what they eat and more consider themselves flexitarian than in the past. Packaged Facts reveals that only 6% of Baby Boomers claim to eat flexitarian diets, while 13% of Generation Z considers themselves flexitarian, showing the trend is...
Chick-fil-A Now Serving "No Antibiotics Ever" Chicken at All Restaurants in the U.S.
Chick-fil-A announced today it has reached its goal to serve No Antibiotics Ever (also known as "NAE") chicken in its 2,400+ Chick-fil-A restaurants in the United States. In 2014, Chick-fil-A announced it was pursuing a bold commitment to serve only chicken raised with No Antibiotics Ever nationwide by the end of 2019. Along with supply partners, Chick-fil-A met the milestone early, serving only No Antibiotics Ever chicken at every Chick-fil-A restaurant in the United States since May 2019. Beginning in October, packaging in restaurants will reflect this achievement.
The No Antibiotics Ever commitment made by Chick-fil-A allows no antibiotics of any kind to be administered to the chicken within its supply, starting from the egg. The United States Department of Agriculture audits and verifies that suppliers are...
Kroger Reports Second Quarter 2019 Results
The Kroger Co. today reported its second quarter 2019 results and provided a Restock Kroger progress update on the company's three-year transformation plan.
Comments from Chairman and CEO Rodney McMullen
"The Restock Kroger framework is designed to reposition our core business by 2020 while continuing to deliver for shareholders.
We are pleased with the improvement of trends in our supermarket business in the second quarter. Guided by our customer obsession, Kroger delivered our best identical sales, without fuel, result since the launch of our transformation plan. FIFO gross margin, without fuel and pharmacy, was stable in our supermarket business. Gross margin headwinds in pharmacy were offset by strong fuel performance during...
Walmart to Roll Out Delivery Unlimited to Stores Across the Country
Walmart has plans to expand the reach of Delivery Unlimited – a Grocery Delivery membership option for customers – to 1,400 stores later this fall. The program gives customers the option to pay a yearly $98 fee or a monthly $12.95 fee to receive unlimited Walmart Grocery Delivery orders. Customers will continue to have the option to pay a per-delivery fee, without a membership.
“Grocery Delivery takes convenience to a new level, and our customers love it. With Delivery Unlimited, we’re providing incredible value for our customers and leveraging our unique assets to save them both time and money,” said Janey Whiteside, chief customer officer, Walmart.
The retailer began piloting Delivery Unlimited in four markets – Houston, Miami, Salt Lake City and Tampa – earlier this year. Based on the positive response of customers, Walmart is expanding the program to all 200 metro areas where...
NPD Group: U.S. Restaurant Cash Registers Rang More in August
Amidst a chicken sandwich war, taking advantage of the last remaining days of summer vacation, and the want of having someone else do the cooking, consumers made more purchases at U.S. restaurants in August than they did the year before, reports The NPD Group. Quick service restaurants (QSRs) were the primary beneficiaries of this consumer demand with same-store dollars up by 4.4 percent.
Restaurant transactions were positive for QSR chains throughout the month of August, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale chains, and casual dining chains. The full service segment of casual and midscale/family chains continued to be soft compared to...
ANALYSIS: Beefing Up Turkey Exports
Despite positive performance in the latest turkey export figures, they still fell short of the buoyed expectations fueled by the Japan trade agreement back in...
Fresh and Focused: The U.S. Retailer Path to Winning Brick and Mortar
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