The COVID-19 Pandemic Causes Eating Patterns in America to Take a Sharp Turn

Annually, The NPD Group collects a year’s worth of data from its daily tracking of how U.S. consumers eat away from and in home and compiles the topline trend into a report that’s been called "Eating Patterns in America" for the last 35 years. This year’s recently released Eating Patterns in America captures how in mid-March, the daily rhythms of consumers’ lives, including their eating patterns, were suddenly disrupted by the COVID-19 outbreak.

“With mandated shelter-at-home and restaurant dine-in restrictions across most of the country during the pandemic, we have had few options other than to prepare most of our meals at home,” says David Portalatin, NPD food industry advisor and author of Eating Patterns in America. “Working from home, schooling at home, and preparing...

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Thu. Sep 24, 2020

ANALYSIS: Tidying Up Toms










Wed. Sep 23, 2020

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Shake Shack Announces Third Quarter 2020 Financial Results

Shake Shack Inc. reported its financial results for the third quarter ended September 23, 2020, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Our business during this most recent quarter showed steady recovery, thanks to the hard work and dedication of our team, their agility in adapting new Shack protocols and models and an increasingly strong suite of digital capabilities. As a result, guests have been able to enjoy their Shack the way they want it, with a choice of convenient and safe ordering and...

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Oct 30 4:17 PM, General News



NPFDA Moves Forward with In-Person Convention and Showcase

The National Poultry & Food Distributors Association announced that its annual convention and showcase will move forward with its in person meeting in Atlanta, GA January 25-28, 2021.

The NPFDA Fall Meeting was recently held in Key West, September 13-16. Cece Corbin, NPFDA President remarked, “We followed all safety guidelines, and I am pleased to share that our surveys show no reported cases of COVID-19 among those who attended. While attendees are responsible for their own decisions regarding their health and safety, we have learned that...

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Oct 30 3:53 PM, General News


Starbucks Reports Q4 Fiscal 2020 Results

Starbucks Corporation reported financial results for its 13-week fiscal fourth quarter ended September 27, 2020. GAAP results in fiscal 2020 and fiscal 2019 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“I am very pleased with our strong finish to fiscal 2020, underpinned by a faster-than-expected recovery in our two lead growth markets, the U.S. and China. These results demonstrate the continued strength and relevance of our brand, the effectiveness of...

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Oct 30 3:12 PM, General News


Technomic's Take: What’s to Come in 2021

It’s not easy to forecast the future when the ground keeps shifting underneath. The foodservice industry has had to be more nimble than ever this past year, and everyone is eager to bounce back and embrace a clear sense of normalcy. Yet several big questions loom large: Is a COVID-19 vaccine on the horizon soon? Which areas of the country will recover quickest? And when will consumers feel comfortable about dining indoors again?

Despite the many ambiguities that exist, Technomic's outlook for the industry remains optimistic. Up-to-the-minute strategies are positioning foodservice segments to kick off a wider resurgence through 2021. Optimizing the menu, directly...

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Oct 30 2:14 PM, General News


McDonald's Takes McRib Season Nationwide in 2020

This year, McDonald's is not only bringing back the McRib, but its also taking the sandwich nationwide for the first time since 2012 starting on December 2.

For a limited time, McRib regulars and "first-timers" across the country can soon get in on the McRib magic with seasoned boneless pork slathered in smoky, tangy barbecue sauce, topped with slivered onions and tart pickles.

"The McRib has been a beloved menu item at McDonald's since its inception nearly 40 years ago," said Vice President of Menu Innovation, Linda VanGosen. "There's nothing quite like the taste of the McRib. To our customers, it's become more than...

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Oct 30 1:22 PM, General News


Sanderson Farms Issues Statement on Unsolicited Proposal 

Sanderson Farms, Inc. issued the following statement:

Sanderson Farms has not received a proposal from Tyson Foods and Durational Capital Management. The Sanderson Farms Board of Directors has unanimously rejected an unsolicited proposal from Durational Capital Management, a new shareholder, to acquire the Company for $142 per share, a price that very substantially undervalues Sanderson Farms and its future prospects and is significantly below the 52-week high share price of $179.45. After careful consideration, with the assistance of its financial and legal advisors, the Board unanimously determined that the highly conditional and opportunistic proposal is not...

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Oct 30 8:58 AM, General News


ANALYSIS: The Ups and Downs of This Year’s Chicken Hatch

It has been a topsy turvy year for the chicken industry to say the least. Between highly volatile retail and foodservice demand patterns, the enduring inconsistencies in...

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Oct 30 8:29 AM, Urner Barry


Jennifer Feller, Industry Veteran, Passes Away 

Jennifer Feller, food industry veteran, passed surrounded by family and in the hearts of many on October 25, 2020 at Centerpoint Medical Center, Independence, Missouri. Jennifer graduated from Van Horn High School and began her lifelong career with Vista Food Exchange from the age of 17 until her passing.

Jennifer's lifelong dedication and faith was reflected through her devout attendance at Central Assembly of God Independence since before her birth. Jennifer raised her two daughters, Elaine and Angela, at Central and inspired countless youth while serving as the youth leader for many years.

Scuba Jenn, as she was known to many in the Kansas City scuba industry, started the first woman owned scuba diving business in the city; The Playground Dive Shop. Jennifer started scuba diving in 2006 and quickly went from...

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Oct 30 8:28 AM, Urner Barry

BJ’s Wholesale Club Expands Buy Online, Pick Up In-Club Service to Include Fresh and Frozen Items

BJ’s Wholesale Club announced the expansion of its buy online, pick up in-club service to include fresh and frozen grocery items. BJ’s members can now order their weekly groceries on BJs.com or with the BJ’s app for curbside pickup or pick up in-club at any one of the company’s 219 locations.

“We’re committed to helping our members save time and money on essentials, which is why we’re offering more convenient ways to help them get exactly what they need,” said Jeff Desroches, executive vice president, Club Operations Officer. “With the expansion of our buy online, pick up in-club service, BJ’s members can do their weekly grocery shopping – and...

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Oct 30 8:28 AM, General News


Giant Food Welcomes Irfan Badibanga as New Senior Vice President of Operations

Giant Food has announced that Irfan Badibanga will step into the role of Senior Vice President of Operations effective November 1, 2020. Badibanga will be responsible for leading all operational aspects of Giant Food including regional operations, store support, strategic store planning and execution and asset protection, as well as people, team, and culture development.

Badibanga brings a strong track record of transforming corporate objectives into bottom-line growth for supermarket, small and big box retailers, including...

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Oct 30 8:27 AM, General News


Boston Market Introduces Holiday Meal Options 

Boston Market is aiming to bring families together both near and far with countless affordable holiday meal options for every type of celebration, no matter how different it may look this year. Whether gathering with family in-person around the table or across the country over the internet, Boston Market has you and your loved ones covered this holiday season with complete meal solutions starting at just $10.99 per person.

"With all that has happened this past year, connecting with friends and loved ones over a delicious meal to celebrate the things that matter most has never been more important," said Boston Market President, Randy Miller. "That's why we're serving up decadent, hassle-free meals in a variety of ways that allow families to...

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Oct 30 8:27 AM, General News


Dunkin' Brands Reports Third Quarter 2020 Results

Dunkin' Brands Group, Inc., the parent company of Dunkin' and Baskin-Robbins, reported results for the third quarter ended September 26, 2020.

"Our strong third quarter results are a testament to our continued focus on the Dunkin' U.S. Blueprint for Growth and demonstrate that our high-frequency, low-touch, affordable-ticket business performs well in any environment. In response to changing consumer patterns, we moved quickly to adapt our menu, introducing new beverages and snacking items designed to appeal to both morning and afternoon traffic, as well as younger consumers. We also doubled down on digital, leveraging...

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Oct 30 8:26 AM, General News


The COVID-19 Pandemic Causes Eating Patterns in America to Take a Sharp Turn

Annually, The NPD Group collects a year’s worth of data from its daily tracking of how U.S. consumers eat away from and in home and compiles the topline trend into a report that’s been called "Eating Patterns in America" for the last 35 years. This year’s recently released Eating Patterns in America captures how in mid-March, the daily rhythms of consumers’ lives, including their eating patterns, were suddenly disrupted by the COVID-19 outbreak.

“With mandated shelter-at-home and restaurant dine-in restrictions across most of the country during the pandemic, we have had few options other than to prepare most of our meals at home,” says David Portalatin, NPD food industry advisor and author of Eating Patterns in America. “Working from home, schooling at home, and preparing...

Full Story »
Oct 30 8:25 AM, General News


Perdue Farms Shares Progress on Industry-Leading Animal Care Goals, New Initiatives

Perdue Farms hosted its fifth annual Animal Care Summit, held virtually this year due to the coronavirus pandemic. Since announcing the company’s Commitments to Animal Care in 2016, the summit has been a key part of Perdue’s animal care strategy.

“Now in our company’s 100th year, we are proud to continue making advancements and leading our industry in the standards to which we raise our animals,” said Mark McKay, President of Perdue Poultry and Meat. “Strong animal husbandry and stewardship keep our animals healthier and, importantly, we believe translate to a better product for consumers.”

During the 2020 meeting, Perdue subject-matter experts shared the latest updates on the company’s industry-leading animal welfare goals and initiatives, including...

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Oct 30 8:24 AM, General News


Tyson Foods Pilots New Technology to Improve Trucking Safety via Enhanced Driver Vision

Tyson Foods is testing a new technology to improve safety for its truck drivers. The Stoneridge MirrorEye Camera Monitor System (CMS) replaces traditional rear and side-view mirrors with integrated external mounted cameras and interior mounted monitors to help give drivers a more complete view of the road and the truck’s surroundings, including common blind spots.

The health and safety of Tyson team members is the company’s top priority and this project is part of more than $500 million the company has invested in technology and automation over the past three years.

Tyson, which operates one of the nation’s largest refrigerated trucking fleets, has been working with Stoneridge, Inc., a leading designer and manufacturer of highly engineered electrical and electronic vehicle systems, to develop...

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Oct 30 8:24 AM, General News


Quirch Foods Completes Merger With Colorado Boxed Beef One Month After Making Initial Announcement

On September 18 Quirch Foods and Colorado Boxed Beef announced that they had agreed to merge their companies. Now, a month later, the merger is officially complete. 

“With Colorado Boxed Beef and its operating companies now part of our unique portfolio of leading protein companies, we have increased our core domestic retail business and expanded into new geographies and channels,” said Frank Grande, President and CEO of Quirch. “As a result, we are delivering a broader and more diverse product offering, including a number of...

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Oct 29 11:59 AM, SeafoodNews


Rabobank’s Food and Agri Innovation Fund Invests in Chickpea Protein Foodtech Company InnovoPro

InnovoPro, the plant-based ingredients innovator specialising in innovative chickpea proteins, has secured $18m from investors including Rabobank as part of a second funding round.

The Rabo Food & Agri Innovation Fund, part of Rabobank’s investment arm Rabo Corporate Investments, joined InnovoPro's B round funding as the global food ecosystem continues to evolve in response to the COVID-19 pandemic. The deal, which was led by Jerusalem Venture Partners (JVP), Israels leading VC fund and also included in its second closing ICOS Capital, collaborative venture capital firm...

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Oct 29 10:32 AM, General News


Yum China Reports Third Quarter 2020 Results

Yum China Holdings, Inc. reported unaudited results for the third quarter ended September 30, 2020.

Impact of COVID-19 Outbreak and Mitigation Efforts

Third quarter operations improved, although still impacted by reduced traffic at transportation and tourist locations, the delayed and shortened school holiday and the other lingering effects of the COVID-19 outbreak. Dine-in volume has been recovering, while delivery and takeaway remained popular options. The Company's primary focus continues to be safety, efficiency and driving traffic. We launched attractive digital and membership campaigns with...

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Oct 29 10:00 AM, General News


Blue Apron Reports Third Quarter 2020 Results

Blue Apron Holdings, Inc. announced financial results for the quarter ended September 30, 2020.

“Our third quarter operating results, including the 13% year over year net revenue improvement, exceeded our guidance reflecting continued momentum,” said Linda Findley Kozlowski, Blue Apron Chief Executive Officer. “Our growth initiatives, such as continued product innovation to provide more variety, flexibility and choice, and more efficient marketing to drive higher attraction and engagement, are key factors in the consistent improvements we are generating in Orders per Customer and Average Order Value. These efforts led to Average Revenue per Customer exceeding $300 for the second consecutive quarter. While challenges with labor availability have impacted our ability to address...

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Oct 29 9:53 AM, General News


Pilgrim's Pride Reports Third Quarter Financial Results

Pilgrim’s Pride Corporation reports third quarter 2020 financial results.

Third Quarter Highlights

  • Net Sales of $3.08 billion.
  • Net GAAP Income of $33.4 million. Adjusted Net Income of $161.7 million or adjusted EPS of $0.66 excluding $110.5 million DOJ agreement.
  • Consolidated Operating Income margin of 3% with Adjusted Operating Income margins of 6.7% in U.S. excluding DOJ agreement, 18.4% in Mexico and 3.5% in Europe.
  • Adjusted EBITDA of $305.0 million, or a 9.9% margin, 18% higher than a year ago.
  • Faced with the global Covid-19 pandemic, we continue to be guided by...
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Oct 29 8:39 AM, General News


ANALYSIS: Whole Body Hens: Looking Beyond the Holiday

With turkey processors aggressively attempting to fulfill existing orders and wondering how they might be able to satisfy anticipated fill-in demand...

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Oct 29 8:23 AM, Urner Barry