U.S. Food Market Outlook 2019: 4 Key Trends

What’s in store for the food industry in 2019? Market research firm Packaged Facts predicts “disruptive innovation” that will shake up years of subtle stagnation in the mature food industry and spur growth over the foreseeable future.

In U.S. Food Market Outlook 2019, the latest edition of its best-selling series, Packaged Facts examines “disruptive innovation” across 14 essential food categories: Cereal, Chocolate Candy, Cookies, Fresh Bread, Fresh Packaged Salads, Frozen Dinners/Entrees, Frozen Pizza, Ice Cream/Frozen Novelties, Meal/Snack Bars, Meat/Poultry, Natural & Specialty Cheese, Salty Snacks, Soup, and Yogurt.

Packaged Facts identifies several key disruptive trends to watch for in 2019. Four of these top trends involve...

Sysco’s Cutting Edge Solutions Announces Additional Product Offerings

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today the launch of seven new products available exclusively for customers through its Cutting Edge Solutions platform.

Designed to enable our customers to succeed by differentiating themselves in an evolving and competitive business environment, Cutting Edge Solution products are sourced from leading and up-and-coming suppliers and assist customers with refreshing their menus, driving increased traffic and streamlining back-of-house operations. Since its inception in October 2015, Cutting Edge Solutions has delivered over one million cases of new, on-trend, innovative product offerings to customers.

“These latest additions to our Cutting Edge Solutions platform demonstrate our commitment to being our customers’ most valued and trusted business partner by showcasing exclusive product offerings featuring the latest on-trend flavors, labor-saving innovations and versatile product solutions,” said Brian Todd, senior vice president of merchandising, Sysco.

The Sysco Brand Cutting Edge Solutions launching nationwide this month include ...

Feb 18 8:47 AM, General News

2018 Holiday Sales Grew Amid Turmoil Over Trade Policy and Delay in Data Collection

Holiday retail sales during 2018 grew a lower-than-expected 2.9 percent over the same period in 2017 to $707.5 billion, the National Retail Federation said today after the Commerce Department released data that had been delayed by nearly a month because of the recent government shutdown.

“All signs during the holidays seemed to show that consumers remained confident about the economy,” NRF President and CEO Matthew Shay said. “However, it appears that worries over the trade war and turmoil in the stock markets impacted consumer behavior more than we expected. There’s also a question of whether the government shutdown and resulting delay in collecting data might have made the results less reliable. It’s very disappointing that clearly avoidable actions by the government influenced consumer confidence and unnecessarily depressed December retail sales ...

Feb 18 9:03 AM, General News

Feb 18 9:05 AM, Urner Barry Video

Brisket is Booming at Foodservice;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
If you cannot see this video, please click here
Full Story »

Wing Zone Set to Open a Dozen New International Locations in 2019

Coming off the 25th year since the brand’s founding, Wing Zone continues to find a growing fan base overseas and has plans to open an average of at least one new international location per month in 2019. Heading into the year, the company operates 24 restaurants in 5 countries outside of the United States and has plans to open seven new Wing Zone units in Panama and five additional restaurants in Manila, the capitol of the Philippines, before the end of the year.

“The Wing Zone model and focus on an innovative, flavor-themed menu has resonated strongly in international markets,” said Hair Parra, COO of Wing Zone and head of international development. “Chicken is a huge part of the daily menu internationally and our bold flavors, early entry and established brand recognition overseas and convenient delivery model, all combine to help the Wing Zone brand expand outside of ...

Feb 18 10:10 AM, General News

Secretary Perdue Statement on President Trump’s Signing of Appropriations Bill & Declaration of National Emergency

U.S. Secretary of Agriculture Sonny Perdue today issued the following statement regarding President Donald J. Trump’s signing of legislation that funds the U.S. Department of Agriculture (USDA) and declaration of a national emergency at the southern border:

“I am pleased that Congress has passed, and President Trump has signed, funding for USDA for the remainder of Fiscal Year 2019. We will be moving at full speed on all of our responsibilities, making good on our motto by doing right and feeding everyone. Since Congress did not act to protect our southern border, the President has also declared a national emergency, which helps him fulfill a clear promise to protect our national security interests. He is exercising his Constitutional authority, as presidents from both parties have done many times in the past.

“Even with the passage of the appropriations bill, Congress still has unfinished business in areas of... 

Feb 15 2:54 PM, General News

Brisket Is Booming at Foodservice

Boston Market has added Rotisserie Brisket to its menu as a new item following the success of its Rotisserie Prime Rib, which debuted last year. In response to strong consumer demand, locations will be increasing availability of prime rib from three to five days a week, with the remaining two days filled out by the new brisket offering. Brisket will take up rotisserie residency Monday and Tuesday, while prime rib will expand from Wednesday, Friday, and Sunday to cover Thursday and Saturday as well.

Although best known by many as a chicken-focused eatery, Boston Market has a history with red meat, including a brief foray into brisket nearly a decade ago. Their first beef item was meatloaf, which entered menus in 1995. In 2005 the restaurant first introduced a specific cut of beef with a top sirloin menu item, and in 2009 they introduced brisket as a summer special.

Boston Market isn’t alone in bringing the brisket. Wawa, a convenience store chain on the east coast, also...

Feb 15 11:54 AM, Urner Barry

U.S. Food Market Outlook 2019: 4 Key Trends

What’s in store for the food industry in 2019? Market research firm Packaged Facts predicts “disruptive innovation” that will shake up years of subtle stagnation in the mature food industry and spur growth over the foreseeable future.

In U.S. Food Market Outlook 2019, the latest edition of its best-selling series, Packaged Facts examines “disruptive innovation” across 14 essential food categories: Cereal, Chocolate Candy, Cookies, Fresh Bread, Fresh Packaged Salads, Frozen Dinners/Entrees, Frozen Pizza, Ice Cream/Frozen Novelties, Meal/Snack Bars, Meat/Poultry, Natural & Specialty Cheese, Salty Snacks, Soup, and Yogurt.

Packaged Facts identifies several key disruptive trends to watch for in 2019. Four of these top trends involve...

Feb 15 9:22 AM, General News

This Week in Retail: Filet Mignon a Steal at Retail This Valentine’s Day, While Lobster Prices Soar

Beef takes the top spot for protein feature volume this week, with 30 percent of ad space. Seafood follows up with 27 percent, while pork claims 21 percent. Chicken ads make up 15 percent of total protein features.

Of course, steaks make up an overwhelming majority of beef ads for Valentine’s, accounting for 51 percent of beef buying opportunities. The top featured steak cuts for this week include ribeyes, top sirloins, and tenderloin filets.  Bone-in rib steaks average $7.54 per pound, which is up from a year ago at $6.96. Top sirloin steaks are a little more economical for the budget minded shopper, at $6.39 per pound, down nearly 8 percent from a year ago. Filets average $14.13 per pound on feature, which is down nearly $2 per pound from last year—and 15 percent lower compared to the 3-year average, making this item a relative steal for V-day dinner at home.

Pairing that steak with a succulent lobster tail? Cupid himself would be impressed, but you’ll be paying more than last year...

Feb 15 8:32 AM, UB Newswires

Feb 15 8:06 AM, Urner Barry Video

Filet Mignon Down 12% YOY While Lobster Prices Soar;
King Crab shines during Chinese New Year;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
Full Story »

Foster Farms Appoints Dan Huber as Chief Executive Officer

Huber, previous Chief Operations Officer, has 23-year tenure with company

Foster Farms, the West Coast’s leading poultry producer, announced that its board of directors has appointed Dan Huber, 53, to the position of Chief Executive Officer of the privately-owned company, effective today. Huber has held several leadership positions at Foster Farms since joining the company in 1996, most recently serving as Chief Operations Officer. He replaces Laura Flanagan, who resigned to pursue other opportunities.

“Dan is uniquely qualified to lead Foster Farms,” said Terry Martin, Chairman of the Board, “He brings over 23 years of agribusiness, supply chain, food production, food safety, and branded sales management experience to this position. His depth of expertise and familiarity with Foster Farms’ business and community are strengths that will drive the company into the future...

Feb 14 10:00 AM, General News

Retail Sales Declined at Fastest Pace Since 2009 in December

An important measure of consumer spending posted its strongest drop since 2009 in December, a worrying sign for economic growth as shoppers reined in spending at the close of the year.

Retail sales, a measure of purchases at stores, restaurants and online, declined a seasonally adjusted 1.2% in December from a month earlier to $505.8 billion, the Commerce Department said Thursday. Economists surveyed by the Wall Street Journal had expected sales to increase 0.1% in December.

The final month of the holiday season is key for the retail sector, especially for department stores, clothing outlets and online sellers.

The Commerce Department report showed every major retail category aside from... 

Feb 14 9:22 AM, Urner Barry

Pilgrim's Pride Highlights Chicken, Prepared Foods as Areas for Growth

“In the U.S. we endured a very challenging environment in commodity chicken, slower than expected recovery from weather disruptions at some complexes, partially offset by an improvement in operating results from Prepared Foods. In Europe we improved the performance through expected synergies but were impacted by higher feed inputs as a result of a drought that will be passed to our prices in coming quarters. Our Mexican operations produced a very strong first half, a weaker than seasonal Q3, followed by a rebound in Q4. The diversity of our portfolio of bird sizes, geographical market exposure, our culture and our people, are what fundamentally differentiate us from the competition, giving us the potential to reduce volatility and generate higher margins over time, and the results for 2018 represented the power of that strategy. As we begin 2019, conditions in the U.S. commodity markets including exports are already recovering, supporting OECD-FAO data that over the longer term chicken as a protein will continue to outperform in terms of growth potential globally...

Feb 14 8:59 AM, General News

Feb 14 7:52 AM, Urner Barry Video

Foodservice is Feeling the Love this Valentine’s Day;
ASC Logo Top Rated By Dutch Consumers;
Sponsored by COMTELL's New Phone App
If you cannot see this video, please click here
Full Story »

FDA Issues Statement on 2018 Romaine Lettuce Outbreak Investigation 

The U.S. Food and Drug Administration and the U.S. Centers for Disease Control and Prevention acted quickly to protect consumers from an emerging outbreak of E. coli O157:H7 linked to romaine lettuce by issuing a public warning this past November and recommending that industry and retailers voluntarily remove the product from the market. It was critical to provide this advice because it was believed that contaminated produce was still in the food supply at a time when Americans were preparing meals to celebrate Thanksgiving. By removing potentially contaminated products from the market, health officials and industry were able to reduce additional illnesses.

Evidence at the beginning of this outbreak showed that the genetic fingerprint of the pathogen obtained from patients impacted by the 2018 outbreak was similar to ...

Feb 13 11:29 AM, General News

Kroger Introduces Kroger Pay and Kroger Rewards Debit Card

The Kroger Co. (NYSE: KR) announced today it is introducing Kroger Pay, a mobile payment solution that securely combines a customer's payment and loyalty card information to create a faster checkout experience. The company is also launching a new Kroger REWARDS debit card, a rewarding payment option for customers.

"Kroger is redefining the customer experience by creating innovative ways to pay at our stores and online," said Gary Millerchip, CEO of Kroger Personal Finance and corporate strategy integration lead. "Kroger Pay and the Kroger REWARDS debit card are two more ways we are transforming our payments model to benefit our customers ...

Feb 13 8:54 AM, General News

Foodservice Celebrates Valentine’s Day with Charming Limited Time Offers 

Whether consumers are celebrating Valentine’s Day with a significant other, family, friends, coworkers, or plan to splurge on oneself, foodservice is providing exclusive limited time offers for those celebrating.

According to research from the National Restaurant Association, more than 30% of consumers will celebrate the holiday by dining out with their loved ones on February 14th, and since Valentine's Day falls on a Thursday this year, consumers will be celebrating their love well into the weekend. While the National Retail Federation reports that fewer consumers are celebrating the holiday this year, those that do are spending more than ever before. Therefore, it comes as no surprise that foodservice operators are looking to entice consumers during this commercial holiday to earn a cut of the record amount of spending expected to take place this year...

Feb 13 8:35 AM, Urner Barry

Feb 13 7:55 AM, Urner Barry Video

Frozen Food Value Increases;
LoveTheWild Relaunches Meal Kits;
Sponsored by Obsono’s Market Insight Report
If you cannot see this video, please click here
Full Story »

Wendy's Draws Dieters with Low-Carb Menu Hacks 

Following a growing demand for health conscious menu offerings, fast food chain Wendy's is putting a healthy spin on menu classics. Wendy's offers low-carb menu options along with keto-friendly items. These items include half-size salads, grilled chicken sandwiches, and hamburgers either served without a bun or as a lettuce wrap.

In addition to appealing to today's health-conscious consumer, the chain is also appealing to the consumer demand for convenience as these menu hacks are also available for mobile ordering through DoorDash. Now, consumers can receive ...

Feb 12 11:34 AM, Urner Barry

Frozen Food Market Worth $282.5 Billion by 2023 - Exclusive Report by MarketsandMarkets

According to the new market research report "Frozen Food Market by Product (Fruits & Vegetables, Dairy, Meat & Seafood), Type (Raw Material, Half Cooked), Consumption, Distribution Channel, and Region (North America, Europe, Asia Pacific, South America, and MEA) - Global Forecast to 2023", published by MarketsandMarkets™, the Frozen Food Market is estimated to account for about USD 219.9 billion in 2018 and is projected to reach a value of nearly USD 282.5 billion by 2023, growing at a CAGR of 5.1% from 2018. The retail food industry has witnessed significant growth over the past few years, globally. The development of retail channels in the form of supermarkets, hypermarkets, and convenience stores has...

Feb 12 9:26 AM, General News

Gen Z Adults Seek Foods Fitting Their Busy, Yet Health Conscious Lifestyles

Gen Z young adults have been caught up in the change in America's food culture that has moved consumers away from three sit-down meals at fixed times and in the direction of multiple eating experiences that occur throughout the day. As a result, today's 18- to 24-year-olds are more likely than their Millennial predecessors to say they often snack between meals (74% vs. 66%). When they do slowdown to prepare a meal, Gen Z young adults are much more likely to prefer simple, easy-to-prepare meals (58% vs. 40%). The findings were published in Looking Ahead to Gen Z: Demographic Patterns and Spending Trends, a report from Packaged Facts, a leading market research company.

Data published in the report further reveal that households headed by adults under age 25 are 29% more likely to ...

Feb 12 9:17 AM, General News

Moe's Southwest Grill Launches Quinoa Power Bowl Nationwide

Moe's Southwest Grill® is rolling out a new menu offering for those looking for more health conscious options - the Quinoa Power Bowl. The bowl packs all of the Southwest flavor that Moe's is known for with higher protein and fiber and lower carbohydrates. Today, the new bowl will roll out nationwide across the Moe's portfolio of more than 700 restaurants, making Moe's restaurants the first to launch a quinoa bowl in the Mexican fast casual segment.

The Quinoa Power Bowl is made with Mojo Chicken (all-natural white meat chicken breast), quinoa blend (quinoa, brown rice, sweet potato and zucchini), frijoles, shredded romaine lettuce, corn pico, guac, cilantro and queso fresco. Fans can also grab the quinoa blend as a side or an addition to other menu items ...

Feb 12 9:08 AM, General News

Retail Imports Still Strong as Possible March Tariff Hike Approaches

Imports at the nation’s major retail container ports have dipped since peaks seen last fall but remain at higher-than-usual levels as a possible increase in tariffs on goods from China approaches in March, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With trade talks with China still unresolved, retailers appear to be bringing spring merchandise into the country early in case tariffs go up in March,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We are hopeful that the talks will succeed, but until the trade war is behind us, retailers need to do what they can to mitigate the higher prices that will inevitably come with tariffs ...

Feb 12 8:47 AM, General News

US Foods Reports Fourth Quarter and Fiscal Year 2018 Earnings 

US Foods Holding Corp. (NYSE: USFD),one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2018.

Fourth Quarter Fiscal 2018 Highlights

  • Total case volume decreased 0.8%; independent restaurant case volume increased 3.9%
  • Net sales increased 0.8% to $6.0 billion
  • Gross profit of $1.1 billion increased 1.6%
  • Income before income taxes decreased $5 million to $132 million
  • Net income decreased $156 million to $100 million ...
Feb 12 8:35 AM, General News

Feb 12 8:24 AM, Urner Barry Video

JBS USA Announces Major Expansion;
American Seafoods Looking For New Investors;
Sponsored by The Meat Buyer's Guide Online
If you cannot see this video, please click here
Full Story »

Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2018 Results

Restaurant Brands International Inc. (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the full year and fourth quarter ended December 31, 2018.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "I am pleased to report that our business continued to deliver strong system-wide sales growth in 2018, driven by acceleration of net restaurant growth at Burger King and Popeyes and improved momentum in comparable sales at Tim Hortons through our 'Winning Together' plan. We have demonstrated our increased focus on technology and made notable progress against many of our initiatives including delivery, kiosks, and mobile app development. Throughout the year, we continued to maintain a balanced approach to capital allocation through our increased dividend, share repurchases, and reinvestment in our brands, illustrating our confidence in ...

Feb 12 8:15 AM, General News

PODCAST: Pork Possibilities: Diving into 2019

This week, we sit down with Director Russell Barton to discuss the Pork Market. We cover African Swine Fever, outbreak locations, market conditions, price impact, and more...

Feb 11 10:43 AM, Urner Barry

New Acosta Report Finds Nearly Half of Manufacturers Processed a Price Increase in 2018

Pricing Conundrum report explores rising costs in grocery industry, impact on pricing decisions and best practices for price increase acceptance

Grocery prices have steadily increased for the past five years, alongside a recent spike in manufacturing and transportation costs. At the same time, both manufacturers and retailers feel pressure to drive sales at the lowest possible prices in a very competitive marketplace where shoppers have a wide range of options on what, where and how to buy. These factors combined have created a “perfect storm” for manufacturers and retailers, forcing the two parties to work together to mitigate the negative impact of price increases. The Pricing Conundrum, a new report from Acosta — a leading full-service sales and marketing agency in the consumer packaged goods industry — investigates this topic and reveals...

Feb 11 10:40 AM, General News

Chipotle Opens 2,500th Restaurant, Highlighting Continued Growth

Chipotle Mexican Grill (NYSE: CMG) today announced that it has opened its 2,500th restaurant at The Shops at Todos Santos in Concord, CA. The milestone opening is a tangible example of Chipotle's continued growth, which includes notable executive hirings and a newly-digitized restaurant experience. To mark the achievement, Chipotle will host a ribbon cutting today at 10:45am PST with the Greater Concord Chamber of Commerce.

Recently, Chipotle announced the completion of its executive leadership team with the hiring of Roger Theodoredis as the company's chief legal officer and Tabassum Zalotrawala as chief development officer. Zalotrawala's role as chief development officer will become increasingly vital as Chipotle continues opening restaurants, maintaining top-notch hospitality, supporting local growers, improving the ...

Feb 11 8:50 AM, General News

VICS Acquisition, LLC Recalls Chicken Products Due to Misbranding and Undeclared Allergens

VICS Acquisition, LLC, a Harlingen, Texas, establishment, is recalling approximately 99,975 pounds of chicken products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The products contain eggs, a known allergen, that is not declared on the product label.

The happi foodi Bloody Mary Inspired Chicken, Southeast Grocers Brand Marsala Chicken and Southeast Grocers Brand Mediterranean Herb Chicken items were produced from Aug. 7 through Oct.15, 2018. The following products are subject to recall ...

Feb 11 8:24 AM, General News

Feb 11 8:17 AM, Urner Barry Video

Latest Beef and Pork Export Data;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
If you cannot see this video, please click here
Full Story »

UNFI Announces Plans to Optimize Pacific Northwest Distribution Center Network

UNFI (NYSE: UNFI) today announced plans to optimize its distribution center network in the Pacific Northwest. This plan includes building a new facility and expanding another to enhance customer product offerings, create more efficient inventory management, streamline operations and incorporate best in class technology to deliver a better customer experience. The optimization of the Pacific Northwest distribution network will also help deliver meaningful synergies contemplated in the acquisition of SUPERVALU in October 2018.

The company has entered into a long-term lease agreement with a developer in Centralia to construct a 1.2 million square-foot distribution center exclusively for UNFI on approximately 77 acres at 4002 Galvin Road in Centralia, Washington. The Centralia distribution center is located in close proximity to two existing UNFI DCs in Tacoma and Portland ...

Feb 8 11:57 AM, General News

This Week in Retail: Falling into the February Funk

Super Bowl spending was exceptional this past weekend—and now grocers return to another period of lackluster retail action following the conclusion of the second biggest food holiday of the year (Thanksgiving is number one).  

February is quite the doldrums at retail, lacking any real buying occasions. Valentine’s Day is traditionally a foodservice holiday, benefitting fine dining establishments—and the steak and lobster markets, of course. However, the outlook for V-day in 2019 has been questioned by some, given that the date falls on a weekday. This could delay romantic dinner dates until the weekend, which may boost retail spending for a quiet dinner at home for those struck with Cupid’s arrow next Thursday.  

Additionally, the Christian Lenten season began on February 14 in 2018, but with a late Easter in store for 2019, Lent is not set to begin until March 6th this year. That’s a three-week difference for the start of a period of time that has a lot of impact in the food industry...

Feb 8 10:26 AM, UB Newswires

Introducing Knick Knacks: Blue Apron’s Newest and Most Flexible Culinary Offering

Blue Apron, known for creating incredible meal experiences, today introduced its most flexible culinary innovation to date: Blue Apron Knick Knacks™, a new line of recipe solutions that give consumers the flexibility to combine the protein and produce of their choice with specialty, pre-portioned, refrigerated ingredients and step-by-step recipes to enjoy a delicious meal for two.

“Our promise, through every product we create, is to inspire and support home cooks by bringing quality, discovery, and convenience to their meal experiences. We are proud to introduce Knick Knacks as our latest culinary innovation, which gives consumers the ‘secret sauce’––from our test kitchen to their home––to create a delicious meal, while allowing for the flexibility to ...

Feb 8 9:22 AM, Urner Barry

Taco Bell Announces Nationwide Delivery 

Taco Bell fans have been wishing for delivery for years and now it's coming true. Today, Taco Bell is announcing nationwide delivery available via Grubhub, uniquely designed for an even faster experience. And for a limited time, all Taco Bell orders over $12.00 come with free delivery excluding tax.

To ensure faster delivery, Taco Bell has integrated its point-of-sale system directly into the Grubhub app, which means pickup is timed to the moment an order is ready, helping precious cargo like Bean Burritos and Crunchwrap Supremes® make it to the doorstep hot, fresh and Fire Sauce-ready. Grubhub is also bringing more drivers to areas with Taco Bell restaurants so more fans can satisfy their cravings from home ...

Feb 8 9:13 AM, General News

Feb 8 8:38 AM, Urner Barry Video

Pizza Hut’s NFL Partnership Generates Record Sales;
February Chicken Wing Values: Bucking the Historical Trend?;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
Full Story »

ANALYSIS: February Chicken Wing Values: Bucking the Historical Trend?

During the thirty days following the Superbowl, wing values have traditionally descended back down to earth...

Feb 8 8:25 AM, Urner Barry

Chipotle Announces Improved Fourth Quarter 2018 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) has reported financial results for its fourth quarter and year ended December 31, 2018.

Revenue for the quarter was $1.2 billion, an increase of 10.4% from the fourth quarter of 2017. The increase in revenue was driven by a 6.1% increase in comparable restaurant sales and new restaurant openings. Comparable restaurant sales improved primarily as a result of an increase in average check which includes a 3.3% benefit from menu price increases. Comparable restaurant sales also improved due to a 2% increase in comparable restaurant transactions.

We opened 40 new restaurants during the quarter and closed or relocated 12, bringing the total restaurant count to 2,491.

Food, beverage and packaging costs were 33.2% of revenue, a decrease of 100 basis points compared to the fourth quarter of 2017. The decrease was primarily due to the benefit of menu price increases taken in late 2017 and early 2018 and to a lesser extent favorable avocado pricing, partially offset by increased freight expenses and...

Feb 8 8:12 AM, General News

Pizza Hut's NFL Partnership Generates Record Sales 

Prior to the start of the 2018 National Football League season, Pizza Hut became the Official Pizza Sponsor of the NFL, capitalizing on a fumble by competitor Papa John's. This multi-year agreement offered Pizza Hut a wide range of exclusive marketing rights, benefits, and designations that will connect the brand to the NFL's teams, players, events, partners, properties, and experiences. 

Since the 2018 NFL season has recently come to an end, Pizza Hut is now celebrating a record year in sales because of the partnership. Marianne Radley, chief brand officer for Pizza Hut said, "Throughout the entire NFL season, our fans proved ...

Feb 7 12:47 PM, Urner Barry

Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2019 Results

Performance Food Group Company  today announced its second-quarter and first-half fiscal 2019 business results.

“Our second quarter results were strong driven by Vistar’s robust top-line results,” said George Holm, PFG’s Chairman, President & Chief Executive Officer. “Vistar is having an outstanding year and grew its EBITDA by over 30% in the second quarter. We are also pleased to have experienced sequential improvement in our Foodservice segment as our strategic investments continue to be on track to support our long-term growth objectives. We are on track for another year of strong growth across our Company...

Feb 7 9:58 AM, General News

FAO Food Price Index Rises in January

Global food prices began the year on a buoyant note, as the FAO Food Price Index averaged 164.8 points in January 2019, up 1.8 percent from the previous month.

A sharp rebound in dairy price quotations and firmer prices of palm and soy oils drove the increase, the United Nations agency said today. The Food Price Index, an indicator of the monthly changes in international prices of a basket of food commodities, was still 2.2 percent below its January 2018 level.

The FAO Cereal Price Index averaged 168.1 points in January, up marginally from December. Prices of the major grains were generally firm amid tightening export supplies and robust world demand.

International soy oil prices also rose on the back of...

Feb 7 9:33 AM, General News

Grubhub Reports Record Fourth Quarter And Full Year 2018 Results

Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the fourth quarter ended Dec. 31, 2018. The Company posted revenues of $288 million, which is a 40% year-over-year increase from $205 million in the fourth quarter of 2017. Gross Food Sales grew 21% year-over-year to $1.4 billion, up from $1.1 billion in the same period last year.

"2018 was a transformational year for Grubhub. We made great progress connecting hungry takeout diners with the restaurants they want, further positioning ourselves to continue to ...

Feb 7 9:20 AM, General News

Feb 7 9:01 AM, Urner Barry Video


Expectations for Cattle Inventory Data from Obsono;
Turkey Breasts and Breast Meat Close the Price Gap;
Sponsored by COMTELL's New Phone App
If you cannot see this video, please click here
Full Story »

Dunkin' Brands Reports Fourth Quarter and Fiscal Year 2018 Results

Fiscal year 2018 highlights include:

  • Dunkin' U.S. comparable store sales growth of 0.6%
  • Baskin-Robbins U.S. comparable store sales decline of 0.6%
  • Added 392 net new restaurants worldwide, including 278 net new Dunkin' locations in the U.S.
  • Revenues increased 3.6%
  • Diluted EPS of $2.71, a decrease of 7.8% driven by the impact of tax reform in the prior year
  • Diluted adjusted EPS increased 40.1% to $2.90

Fourth quarter highlights include:

  • Flat Dunkin' U.S. comparable store sales
  • Baskin-Robbins U.S. comparable store sales decline of 3.7%
  • Added 148 net new Dunkin' and Baskin-Robbins locations globally, including ...
Feb 7 8:58 AM, General News

Tyson Foods to Acquire Thai and European Operations from BRF S.A.

Tyson Foods, Inc. (NYSE: TSN) today announced a definitive agreement to acquire the Thai and European operations of BRF S.A. The $340 million (USD) purchase includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the United Kingdom. This deal builds on the company’s growth strategy to expand offerings of value-added protein in global markets.

“As noted when we acquired Keystone Foods on November 30, we believe some of our biggest growth opportunities are in value-added foods and international markets,” said Noel White, president and CEO of Tyson Foods. “In addition to domestic benefits, the Keystone acquisition provided us with ...

Feb 7 8:49 AM, General News

Kroger and Home Chef Expand Nationwide Retail Rollout and Launch Meal Kit Feature for Online Orders

The Kroger Co. (NYSE: KR) and Home Chef announced today the introduction of retail meal kits to new cities, bringing the weekly rotating meal solution to 500 additional Kroger Family of Stores across the country. Additionally, homechef.com has launched a customizable meal kit feature for online orders, allowing customers to have more flexibility in deciding what's for dinner by providing the choice to change and upgrade recipe ingredients. The feature—the first among leading meal kit brands—offers unprecedented variety for customers.

"Kroger continues to redefine the customer experience and provide new ways to shop for, prep and cook meals through exciting brick-and-mortar and digital experiences," said Robert Clark, Kroger's senior vice president of merchandising. "Last October, Kroger introduced Home Chef retail meal kits, and ...

Feb 6 2:32 PM, General News

Industry Reacts to President Trump's State of the Union Address

President Donald Trump delivered the annual State of the Union Address to the American people in the House Chamber last night. Now, the industry is reacting to the speech, with responses being produced by the USDA, the National Retail Federation, and the National Cattleman's Beef Association.

U.S. Secretary of Agriculture Sonny Perdue mentioned that President Trump highlighted Administration accomplishments and the booming economy, but also optimistically stated that even greater achievements lie ahead. Perdue stated that, "The President's policies have been beneficial to American agriculture in the short term, but have also laid the foundation for long-term prosperity. Our trade agreements with other nations are getting stronger, and the strategies that the President has employed will lead to new and expanded markets for ...

Feb 6 11:51 AM, Urner Barry

British Foodservice Industry Falls as Consumers Increasingly Prefer ‘Off-Premise’ Dining Options

Based on recent NPD research, after reaching its peak of 11.35 billion visits in 2017, we’re expecting the out-of-home or eat-out foodservice market will fall over the next two years in Britain. The pressures affecting on-premise eating and drinking is a big theme in British foodservice. The old habit of going shopping and finding a place to sit down is waning as more people shop online and opt for faster and more convenient ways of dining.

All of the meaningful growth in foodservice will be ‘off-premise’, which is where the industry will address the decline on the high street. The modest growth in the large takeaway and grab ‘n’ go channel, supported by the continuing delivery revolution, is enough to provide a significant majority of the growth in spend over the next two years for the entire British foodservice industry ...

Feb 6 10:40 AM, General News

Feb 6 9:42 AM, Urner Barry Video

National Retail Federation Says ‘State of the Economy is Sound’;
November 2018 Gulf Shrimp Landings;
Sponsored by Obsono’s Market Insight Report
If you cannot see this video, please click here
Full Story »

NRF Says ‘State of the Economy is Sound’ and Forecasts Retail Sales will Grow 

The National Retail Federation today forecast that retail sales during 2019 will increase between 3.8 percent and 4.4 percent to more than $3.8 trillion despite threats from an ongoing trade war, the volatile stock market and the effects of the government shutdown.

“We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said. “More people are working, they’re making more money, their taxes are lower and their confidence remains high. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds. It’s time for artificial problems like trade wars and shutdowns to end, and to focus on prosperity not politics ...

Feb 6 9:00 AM, General News

Red Robin Gourmet Burgers and Brews Jump Starts 50th Celebration with Forever Yummm Food Truck Tour

Red Robin Gourmet Burgers and Brews is fueled up and ready to hit the open road. The casual dining restaurant famous for serving more than two dozen craveable, high-quality burgers and bottomless sides is kicking off its 50th Anniversary Celebration with the Forever Yummm Food Truck Tour. The custom-built truck is embarking on a three-and-a-half-month, 9-state tour to treat fans to free samples of Red Robin's signature steak fries, a guest favorite for five decades.

"Red Robin has been serving up Bottomless Fun and Gourmet Burgers for 50 years and we look forward to bringing the Yummm for 50 more," said Denny Marie Post, president and chief executive officer. "Through the years, while the restaurant has changed, and the menu has evolved, the brand continues to ...

Feb 5 10:48 AM, General News

Half of Canadians Believe It's Healthier to Snack Than Eat Three Large Meals

It seems the traditional three meals a day are facing an evolution in Canada, as new research from Mintel reveals that nearly half (46%) of better-for-you (BFY) snackers* feel that it is healthier to snack throughout the day than to eat three large meals. In need of constant fuel, many Canadians have snacks at the ready with two-thirds (65%) of BFY snackers believing it’s important to always keep healthy snacks on hand.

Keeping up with their interest in snacking throughout the day, more than half (51%) of Canadians agree that they’d like to see more healthy snacks packaged for eating on the go. What’s more, it seems there’s potential for anything to be considered a snack among younger consumers, as 45% of Canadians aged 18-24 are interested in snack-sized portions of regular foods as compared to...

Feb 5 10:30 AM, General News

Feb 5 8:56 AM, Urner Barry Video

French Documentary on Cod Causing Issues in Norway;
Mobile Apps Now Represent the Bulk of Restaurant Digital Orders;
Sponsored by The Meat Buyer's Guide Online
If you cannot see this video, please click here
Full Story »

Something New: Chef Christian Morrish from Century Harvest Farms Foundation

This week we invited an outsider, accomplished chef and philanthropist Christian Morrish. We covered what he is up to at Century Harvest Farms Foundation and exactly who it benefits. Have you heard of this farm? If not, check it out.

Feb 4 12:16 PM, Urner Barry

Mobile Apps Now Represent the Bulk of Restaurant Digital Orders and Restaurant Branded Apps Dominate

Restaurant digital orders have grown at an average annual rate of 23 percent since 2013 and will triple in volume by the end of 2020, and the majority of digital orders, 6 out of 10, are by mobile apps, reports The NPD Group. A restaurant’s app or website represents 70 percent of digital orders and the remaining orders are through third-party apps or other types of apps or websites, according to the findings of NPD’s recently released Delivering Digital Convenience report.

Among the reasons why restaurant branded apps are accessed the most is that customers of some of these brands are more drawn to rewards and savings, while other restaurant brands appeal to consumers who want to customize their order or ...

Feb 4 12:09 PM, General News

P.F. Chang's Celebrates Chinese New Year with Limited Time Offers 

P.F. Chang's is unveiling its Year of the Pig celebration starting February 5. Each day through March 25, 2019, P.F. Chang's is featuring three new Year of the Pig hand-crafted cocktails. Guests that dine in the restaurant will also receive a limited-edition Fortune-Telling Pig, that, once placed in the palm of the hand, reveals your hidden secrets. For the first time, P.F. Chang's is also launching a Chinese New Year-inspired gift card featuring a pig made entirely of fresh peppers, with chili seeds positioned to create the Chinese symbol for 'pig.' The Year of the Pig gift card will be available online and in restaurants throughout 2019.

"P.F. Chang's is a thoroughly modern Asian restaurant with lasting connections to its Chinese heritage," said Tana Davila, P.F. Chang's senior vice president of marketing and brand development. "We celebrate Chinese New Year as an homage to the culture that created us and to share good fortune with our guests in the best way we know how – delicious food and drinks ...

Feb 4 11:49 AM, General News

Papa John’s Announces Strategic Investment from Starboard and Appointment of Three New Directors

Papa John’s International, Inc. (NASDAQ: PZZA) today announced that it has entered into a securities purchase agreement with Starboard Value LP pursuant to which Starboard is making a $200 million strategic investment in the Company with the option to make an additional $50 million investment through March 29, 2019, as described below.

In connection with the investment, the Papa John’s Board of Directors is expanding to include two new independent directors, including Jeffrey C. Smith, Chief Executive Officer of Starboard, who has been appointed Chairman of the Papa John’s Board, and Anthony M. Sanfilippo, former Chairman and Chief Executive Officer of Pinnacle Entertainment, Inc. These directors bring substantial experience in the restaurant, retail and hospitality industries, with skill sets spanning operational turnarounds, corporate finance and corporate governance. Their expertise and new perspectives will help support ...

Feb 4 9:35 AM, General News

Feb 4 8:59 AM, Urner Barry Video

HelloFresh to Feature Australis Barramundi;
Restaurant Operators Continue to Report Positive Sales;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight E
If you cannot see this video, please click here
Full Story »

Sysco Reports Second Quarter Fiscal 2019 Results

The Company delivered results in line with expectations

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week second fiscal quarter ended December 29, 2018.

Second Quarter Fiscal 2019 Highlights

  • Sales increased 2.5% to $14.8 billion
  • Gross profit increased 2.7% to $2.8 billion; gross margin increased 4 basis points
  • Operating income decreased 14.5% to $451.9 million; adjusted¹ operating income increased 4.8% to $603.3 million
  • EPS decreased $0.03 to $0.51; adjusted¹ EPS decreased $0.03 to $0.75

First Half Fiscal 2019 Highlights

  • Sales increased 3.2% to $30.0 billion ...
Feb 4 8:59 AM, General News

Taylor Farms TX, Inc. Recalls Chicken Products

Taylor Farms TX, Inc., a Dallas, Texas establishment, is recalling approximately 2,100 pounds of chicken products incorrectly labeled as “Chile Relleno” products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The products contain wheat, a known allergen, which is not declared on the product label.

The ready-to-eat “HEB Roasted Spaghetti Squash with Alfredo & Chicken” items were incorrectly labeled as “Chile Relleno.” The items were produced on various dates from Jan. 25, 2019 through Jan. 30, 2019. The following product is subject to recall ...

Feb 4 8:53 AM, General News

Pilgrim’s Pride Corporation Recalls Breaded Popcorn Chicken Products

Pilgrim’s Pride Corporation, a Mt. Pleasant, Texas establishment, is recalling approximately 58,020 pounds of not-ready-to-eat (NRTE) breaded chicken products that may be contaminated with extraneous materials, specifically rubber, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, not-ready-to-eat (NRTE) breaded chicken items were produced on Jan. 4, 2019. The following product is subject to recall...

Feb 1 2:14 PM, General News

Hormel Foods Announces the Advancement Of James N. Sheehan 

Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that James N. Sheehan has advanced to executive vice president and chief financial officer. The advancement was effective January 29, 2019. Sheehan previously held the role of senior vice president and chief financial officer for the company. As executive vice president and chief financial officer for Hormel Foods, Sheehan oversees the company's financial enterprise including accounting, information technology, internal audit, investor relations, corporate tax and treasury.

"With more than forty years of experience, Jim is highly regarded in the industry for his strategic financial leadership and his deep knowledge of the markets, industries and ...

Feb 1 11:56 AM, General News

Amazon.com Announces Fourth Quarter Sales up 20% to $72.4 Billion

Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2018.

Operating cash flow increased 67% to $30.7 billion for the trailing twelve months, compared with $18.4 billion for the trailing twelve months ended December 31, 2017. Free cash flow increased to $19.4 billion for the trailing twelve months, compared with $8.3 billion for the trailing twelve months ended December 31, 2017. Free cash flow less lease principal repayments increased to $11.6 billion for the trailing twelve months, compared with $3.3 billion for the trailing twelve months ended December 31, 2017. Free cash flow less finance lease principal repayments and assets acquired under capital leases increased to ...

Feb 1 9:45 AM, General News

Restaurant Performance Index Remained Relatively Steady in December

With restaurant operators continuing to report positive sales and traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) was essentially unchanged in December. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 101.6 in December, down slightly from a level of 101.8 in November. The RPI continued to be supported by positive readings in the same-store sales and customer traffic indicators, which both came in similar to their November levels. Looking ahead, although restaurant operators are generally optimistic about sales growth in the months ahead, their outlook for the overall economy remains uncertain. The RPI is constructed so that the health of the restaurant industry is measured in relation to a neutral level of 100. Index values above 100 indicate that key industry indicators are ...

Feb 1 9:29 AM, General News

Feb 1 8:58 AM, Urner Barry Video

Grocers Rejoice—Super Bowl is Finally Here;
Not All That Stylish, but a Trend Nonetheless for Chicken Supplies;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
Full Story »

This Week in Retail: Staggering Super Bowl Spending

Wings Steal the Show as Ad Prices Fall 15% from the Three-year Average

After a stale and uneventful retail month in January, we have finally made it to the first major buying occasion of 2019: The Super Bowl—and grocers can’t wait.

Americans intend to spend an average $14.8 billion this year for the Super Bowl, according to the National Retail Federation. The total amount is down from last year’s $15.3 billion, primarily because fewer people plan to watch the game – 182.5 million this year compared with 188.5 million last year. The overall spending is still the third-highest on record. Even more impressive considering this figure was just $8.9 billion in 2010.

“Spending is expected to be at one the highest levels we’ve seen. And retailers are ready whether you need food...

Feb 1 8:47 AM, UB Newswires

USDA Awards Agricultural Trade Promotion Program Funding

U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) has awarded $200 million to 57 organizations through the Agricultural Trade Promotion Program (ATP) to help U.S. farmers and ranchers identify and access new export markets. The ATP is one of three USDA programs created to mitigate the effects of unjustified trade retaliation against U.S. farmers and exporters. USDA’s Foreign Agricultural Service (FAS) accepted ATP applications between September 4 and November 2 – totaling nearly $600 million – from U.S. trade associations, cooperatives, and other industry-affiliated organizations. USDA has released a list of the ATP funding recipients.

President Donald J. Trump authorized up to $12 billion in programs to provide assistance to U.S. agriculture through a trade mitigation package announced by Secretary Perdue on September 4, 2018. In addition to the $200 million allocated to the ATP, the package also ...

Jan 31 3:19 PM, General News

Brinker International Reports Second Quarter Results

Brinker International, Inc. (NYSE: EAT) today announced results for the fiscal second quarter ended December 26, 2018.

"Brinker delivered our fifth consecutive quarter of sequential sales improvement, posting positive sales and industry leading traffic," said Wyman Roberts, Chief Executive Officer and President. "Our sustained momentum is being driven by several key factors including operational execution, takeout, and value."

Highlights include the following...

Jan 31 10:00 AM, General News

ANALYSIS: Pre-Atlanta Market Standstill: More Fact Than Fiction?

Those who have been in the turkey industry long enough have surely heard the colloquialism “Nothing happens until after Atlanta”. This week, we decided to dust off the figurative history books in order to investigate whether or not this well-known proverb holds any water...

Jan 31 9:09 AM, Urner Barry

Jan 31 8:59 AM, Urner Barry Video

Convicted Deputy Suing Codfather;
Post-Atlanta Market Stimulus: Fact Or Fiction?;
Sponsored by COMTELL's New Phone App
If you cannot see this video, please click here
Full Story »

Urner Barry Appoints New Vice President and Expands Seafood Reporting Division

Urner Barry, the leading provider of protein market news and information in the food industry, has appointed veteran team member Gary Morrison to the position of Vice President.  

Morrison had previously served as Director and lead Market Analyst at Urner Barry. During his 10+ year tenure with the company, Morrison has reported on the pork and boxed beef markets. He has also managed various departments within the organization, while overseeing recruitment initiatives and HR functions.  

Urner Barry COO Jim Kenny noted, “Gary has become a central member of the management team, and in the position of Vice President, will be critical to operational development.”

In addition to his appointment to the role of Vice President, Morrison will also be extending his duties to include reporting on the seafood market...

Jan 31 8:26 AM, Urner Barry

Menu Price Increases Help Boost McDonald's Q4 Sales Up 2.3% in U.S.

McDonald's Corporation today announced results for the fourth quarter and year ended December 31, 2018.

"Our performance in 2018 was strong, driven by the Velocity Growth Plan with broad-based momentum across each of our global segments. We continued to transform our business by making substantial progress on modernising our restaurants and offering more convenience, choice and value to our customers," said McDonald's President and Chief Executive Officer Steve Easterbrook. "We've now achieved 14 consecutive quarters of positive global comparable sales and our customers rewarded us with more visits in 2018, helping us to achieve two consecutive years of global guest count growth for the first time since 2012...

Jan 30 10:34 AM, General News

Kroger Promotes Stuart W. Aitken to Senior Vice President, Alternative Business

The Kroger Co. (NYSE: KR) today announced a key promotion in support of Restock Kroger and beyond with the appointment of Stuart W. Aitken to the newly-created role of Senior Vice President, Alternative Business, effective February 3, 2019.

In this role, Mr. Aitken will assume oversight for Kroger's successful existing alternative profit businesses, including 84.51° and Kroger Personal Finance (KPF), and also lead the development of a full portfolio of alternative businesses to support the transformation of Kroger's growth model. Mr. Aitken will continue to serve as chief executive officer of 84.51° and ...

Jan 30 10:18 AM, General News

Bob Evans Farms Successful Family Classics Product Line 

Bob Evans Farms announced today that it is adding an entirely new side dish product line, Steamables, and two more meal solution products to the already-beloved Family Classics product line. The new Steamables product line launched with three mouth-watering varieties of potato wedges, including Sea Salt Red Potato Wedges, Steak House Red Potato Wedges, and Garlic Red Potato Wedges. Additionally, the Family Classics product line has gained two new protein-rich pasta meals: Italian Sausage Marinara Pasta and Beef Stroganoff Pasta. These products are available at select retailers nationwide where Bob Evans Farms foods are sold starting Feb 1st.

New "Steamables" Product Line

Bob Evans Farms Steamables offer three varieties of redskin potato wedges, are available in a 22-ounce bag, and contain 100 calories or less per serving. Steamables are ready after just five minutes in the microwave and come in ...

Jan 30 10:04 AM, General News

Retail Feedback Group Study Finds Shoppers Score Supermarkets Highest in Quality and Variety

The Retail Feedback Group (RFG), a leader in providing actionable stakeholder feedback, today released the 2019 U.S. Supermarket Experience Study. The research found that supermarkets continue to maintain the strongest overall satisfaction score (4.31 on a five-point scale), when compared to Aldi (4.27) and Walmart (3.93). Supermarkets also have the highest scores in quality and variety. However, considering value for money spent, Aldi receives the top score, as well as garners the highest overall satisfaction during the peak traffic hours of 3 p.m. to 7 p.m. (4.30) versus supermarkets (4.27) and Walmart (3.98).

Supermarkets Strong in Quality, Cleanliness and Variety but Score Moderate to Low in Service Supermarket shoppers rated quality/freshness of the food and groceries...

Jan 30 9:35 AM, General News

Jan 30 9:02 AM, Urner Barry Video


NPPC Urges $3.5 Billion Chinese Pork Purchase;
Fish Counter Jobs at Tesco in Danger;
Sponsored by Obsono’s Market Insight Report
If you cannot see this video, please click here
Full Story »

Tyson Foods, Inc. Recalls Chicken Nugget Products Due to Possible Foreign Matter Contamination

Tyson Foods, Inc., a Sedalia, Mo. establishment, is recalling approximately 36,420 pounds of chicken nugget products that may be contaminated with extraneous materials, specifically rubber, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The panko chicken nugget items were produced on Nov. 26, 2018. The following products are subject to recall ...

Jan 30 8:53 AM, General News

Dishing Out the Trends: Jamie Chadwick-Lee is Back!

This week our guest, Jamie Chadwick-Lee came by to discuss what's on everyone's mind: the Superbowl. We also covered other delicious topics like wings, bacon, cheese and the newly revamped FoodMarket.com. 

Jan 30 8:43 AM, Urner Barry

How U.S. Millennials Are Shaping Online FMCG Shopping Trends

There’s no denying the impact and influence that digital technologies have on our lives, particularly among younger generations. But even in a world that is steadily heading online, it’s important for manufacturers, brands and retailers to understand that brick-and-mortar environments are not fading in importance—even among Millennials.

According to the latest Nielsen Category Shopping Fundamentals study, as detailed in our recent Millennials on Millennials report, 60% of U.S. consumers’ FMCG decisions are still made at the shelf. This is a key insight for retailers, but so is understanding the influence that digital has on influencing consumers on their way to the shelf. Not surprisingly, Millennials are more active on social media than older generations, and this affects the way they look for information as they shop. For example...

Jan 29 9:26 AM, General News

Church's Chicken Adds Four New Franchisees to Further Expand Brand in Canada

On the heels of a recent report by Canadian Poultry Magazine, which identified a steady and growing preference for chicken as the most chosen protein source among Canadians, the popular global fried chicken chain, Church's Chicken®, has announced the addition of four new franchisees to the brand's growing Canadian landscape.

"The growing chicken market in Canada has been a key component of our expansion strategy in the western hemisphere," said Eduardo Garcia, Senior Director of Americas Business for Church's Chicken. "The fact that we've been able to successfully initiate not just one, but four new franchise relationships, is a testament to the brand's reputation of having a quality product and ...

Jan 29 9:20 AM, General News

Jan 29 9:04 AM, Urner Barry Video

Wendy’s Launches Bacon LTO Following McDonald’s Bacon Hour;
Commercial Fisherman Convicted in Shark Shooting Case;
Sponsored by The Meat Buyer's Guide Online
If you cannot see this video, please click here
Full Story »

Sysco to Acquire Waugh Foods, Inc.

Sysco Corporation, the leading global foodservice distribution company, today announced it has entered into a definitive agreement to acquire Waugh Foods, Inc., a leading Illinois broadline distributor with approximately $40 million in annual sales.

Waugh Foods Inc., headquartered in East Peoria, Ill. has been in business for 70 years. Joseph A. Waugh, Sr. founded Waugh Frozen Food Company in 1948, and in 1966, after additions to the company’s product lines, the name was changed to Waugh Foods, Inc. Today, the company provides a wide variety of products to customers throughout Central Illinois.

“Waugh Foods has a long, rich history in the Central Illinois area, which includes strong relationships with local independent operators,” said Greg Bertrand, executive vice president, U.S. foodservice operations. “We are excited to... 

Jan 29 8:59 AM, General News

Perdue Foods, LLC Recalls Chicken Breast Nuggets Due to Misbranding and Undeclared Allergens

Class I Recall 
Health Risk: High

Perdue Foods, LLC, a Bridgewater, Va. establishment, is recalling approximately 16,011 pounds of ready-to-eat (RTE) chicken nugget products due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The products contain milk, a known allergen, which is not declared on the product label.

The RTE chicken nugget items were produced on Jan. 10, 2019. The following products are subject to recall ...

Jan 29 8:48 AM, General News

Perdue Selects Three Senior Leaders at USDA

U.S. Secretary of Agriculture Sonny Perdue today selected three highly-qualified individuals for senior leadership positions at the U.S. Department of Agriculture (USDA). Perdue named Dr. Mindy Brashears as Deputy Under Secretary for Food Safety, Naomi Earp as Deputy Assistant Secretary for Civil Rights, and Dr. Scott Hutchins as Deputy Under Secretary for Research, Education, and Economics. These positions do not require Senate confirmation.

The three previously had been nominated by President Donald Trump for Senate-confirmed positions at USDA. While the Senate Agriculture Committee favorably reported all three nominees, their nominations expired without receiving confirmation votes by the end of the 115th Congress in early January. The President has resubmitted their nominations to ...

Jan 29 8:45 AM, General News

Bojangles’ Becomes a Private Company with New Executive Appointments 

Bojangles’, Inc. (“Bojangles’” or the “Company”) (NASDAQ: BOJA) announced that its all-cash acquisition by Durational Capital Management LP and The Jordan Company, L.P. is complete, effective today. The acquisition was previously announced on November 6, 2018.

Bojangles’ will operate as an independent, privately-held company and will remain based in Charlotte, N.C.

“We are pleased to have successfully completed this transaction in partnership with Bojangles’ and The Jordan Company,” said Eric Sobotka, Managing Partner at Durational Capital Management. “We are excited to begin working with ...

Jan 29 8:44 AM, General News

Yum! Brands Promotes David Gibbs to President and Chief Operating Officer

Yum! Brands, Inc. (NYSE: YUM) today announced the promotion of David Gibbs, 55, to President and Chief Operating Officer, reporting to Chief Executive Officer Greg Creed. Gibbs, a 29-year veteran of the Company, has served as President and Chief Financial Officer for the last two years. In his expanded role as President and COO, Gibbs will assume operating leadership of global KFC Division as well as the U.S. and international businesses of Pizza Hut and Taco Bell, with the respective brand leaders reporting to him. Gibbs will retain his current Yum! Brands CFO role, title and responsibilities overseeing corporate strategy, finance, supply chain and information technology, while the Company conducts a search to identify a successor CFO.

“I’m happy to announce our promotion of David Gibbs to President and Chief Operating Officer. David is an extraordinarily talented commercial leader with a strong track record of results and deep experience in all three of ...

Jan 29 8:44 AM, General News

KFC'S Newest Value Offering: Two Chicken Littles for Just $3

Kentucky Fried Chicken® is offering a two for $3 deal on a menu favorite, KFC Chicken Littles®, for a limited time only, starting today.

A bestseller for KFC, Chicken Littles pack an impactful, unmistakably crispy, fresh-from-the fryer, golden brown crunch only KFC can provide. Customers can enjoy the classic sandwich – featuring a freshly hand breaded chicken tender, served with pickles and mayo on a sesame-seed bun – or they can mix and match by adding their favorite KFC flavors – Georgia Gold Honey Mustard BBQ, Smoky Mountain BBQ or Nashville Hot.

With its latest offering, KFC is committed to providing customers with quality food and abundant value ...

Jan 28 2:31 PM, General News

The Evolution of Super Bowl Consumption

To many football fans, the Super Bowl may feel like Groundhog Day (which, coincidentally falls one day before the NFL championship on Feb. 3), as the year’s biggest sporting event brings another round of family and friends gathering together to eat wings, drink beer, engage with ads and watch the New England Patriots vie for the championship (yet again).

And while that remains true to some extent, today’s viewing experience is far different from the one you enjoyed with your parents while you were growing up.

Yes, beer and wings are a staple of any Super Bowl, but a range of other categories are joining the party due to evolving tastes and the growth of the female football fan base...

Jan 28 9:51 AM, General News

ANALYSIS: Jumbo and Medium Breast Meat Price Spread

Historically, medium-sized boneless breasts have maintained a consistent premium over their heavier counterparts...

Jan 28 9:01 AM, Urner Barry

Jan 28 8:58 AM, Urner Barry Video

Protein Ads Plentiful at Retail;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
If you cannot see this video, please click here
Full Story »

Harvest Food Group, Inc. Recalls Poultry Products Due to Misbranding and Undeclared Allergen

Class I Recall 
Health Risk: High

Harvest Food Group, Inc., a Chicago, Ill. establishment, is recalling approximately 47,332 pounds of Not Ready-To-Eat (NRTE) chicken fried rice products due to misbranding and an undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The products contain milk, a known allergen, which is not declared on the product label.

The NRTE chicken fried rice items were produced on Nov. 12, 2018, Dec. 4, 2018 and Dec. 5, 2018. The following products are subject to recall ...

Jan 28 8:57 AM, General News

Secretary Perdue Statement on Reopening the Federal Government

U.S. Secretary of Agriculture Sonny Perdue today issued the following statement in response to President Donald J. Trump’s announcement of reopening the federal government:

“President Trump’s announcement of the reopening of the federal government is welcome news, as it will bring thousands of our employees back to work and return us to our mission of providing our customers with the services they rely upon. I extend my sincere thanks to the thousands of USDA workers who stayed on the job during the shutdown to offer as many of ...

Jan 25 3:54 PM, General News

Jan 25 8:59 AM, Urner Barry Video

Chicken Wings & Football—A Love Story;
Jumbo and Medium Chicken Breast Meat Price Spread;
Sponsored by Urner Barry's Prospector
If you cannot see this video, please click here
Full Story »

Starbucks Reports Q1 Fiscal 2019 Results

Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal first quarter ended December 30, 2018. GAAP results in fiscal 2019 and fiscal 2018 include items which 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.

“Starbucks delivered solid operating results in the first quarter, demonstrating continued momentum in our business, as we drive our growth-at-scale agenda with focus and discipline,” said Kevin Johnson, president and ceo. “We are particularly pleased with the sequential improvement in quarterly comparable store transactions in the U.S., underpinned by our digital initiatives and improved execution of our in-store experience. With this solid start to the fiscal year, we are on track to deliver on our full-year commitments ...

Jan 25 8:58 AM, General News

This Week in Retail: Proteins Ads Plentiful and Sporting Attractive YOY Prices

While major buying occasions may be few and far between this time of year, there is no shortage of protein features in grocery circulars.

Representatives from nearly all protein categories grace the front pages of ads this week, with retailers putting special emphasis on roasts and other cold weather cooking applications—you know, the kind that pairs nicely with a root vegetable of sorts. The deep-freeze has set in throughout the Midwest and the Northeast as of late, motivating consumers to stock up on hearty proteins and comfort foods.

Buying opportunities for beef have dominated...

Jan 25 8:47 AM, UB Newswires

Maggiano’s Named America’s Favorite Casual-Dining Chain

The passion of Maggiano’s Little Italy Teammates is simple – make every Guest feel special. From made-from-scratch, classic Italian-American dishes served family style to its welcoming, family atmosphere, Maggiano’s sets the bar high.

Maggiano’s Guests agree.

According to an annual restaurant industry study from Market Force Information – one of the most cited in the industry – Maggiano’s is America’s Favorite Casual-Dining Chain, winning this year’s title with a composite loyalty index score of 64 percent.

The study polled more than 6,000 consumers to understand America’s favorite casual brands in seven categories, such as pizza, breakfast, steakhouse, Italian and ...

Jan 25 8:00 AM, General News

Cargill Invests Digital Engineering to Support Hyperledger Grid 

In a nod to its open-first technology principle to help address the world’s most significant food challenges, Cargill is investing its own digital engineering to aid the success and adoption of Hyperledger Grid. The latest project in Hyperledger’s portfolio of open-source frameworks and tools, Hyperledger Grid is created to accelerate development of blockchain and other digital solutions for the global food and agriculture supply chains.

“Hyperledger Grid is another way to help make food and agricultural supply chains more inclusive – creating new markets for farmers and developing economies,” said Keith Narr, vice president, Cargill Digital Labs. “With our wide set of food and agricultural supply chain data, Cargill is leading the industry to work together and improve traceability, trade, food safety, nutrition, farmer livelihoods and ...

Jan 24 2:09 PM, General News

U.S. Realizes Double-Digit Growth in Case Shipments of Plant-Based Proteins to Foodservice Operators

Case shipments of plant-based protein from broadline foodservice distributors to foodservice operators increased by 20 percent in the year ending November 2018 compared to year ago with all Census regions showing double-digit growth, reports The NPD Group. The West Census Region represents the most plant-based protein volume and case shipment growth followed closely by the South Census region, according to NPD’s SupplyTrack®.

About a quarter of the U.S. population, many of whom aren’t vegan or vegetarian, say that they eat and drink plant-based beverages and foods as well as animal protein on a regular basis. Among the reasons why plant-based proteins have ...

Jan 24 11:33 AM, General News

Perdue Foods Appoints David Zucker as its First SVP of E-Commerce and New Ventures

Perdue Foods has announced the appointment of David Zucker as Senior Vice President of E-Commerce and New Ventures, a new position for the company. Zucker will oversee all aspects of Perdue’s e-commerce strategy.

“E-commerce is an increasingly important part of the Perdue Foods growth plan, and we’re pleased that David Zucker is onboard to lead our efforts,” said Mark McKay, President of Perdue Premium Poultry. “We have to meet consumers where ...

Jan 24 11:28 AM, General News

Ahold Delhaize Reports Strong Sales Growth in the Fourth Quarter

Following the introduction of our Leading Together strategy at our Capital Markets Day in November, Ahold Delhaize today announced consolidated net sales of €16.5 billion for the fourth quarter of 2018, an increase of 3.0% at constant exchange rates compared to the fourth quarter of last year.

Overall the business delivered another strong sales performance in the fourth quarter and for the full year 2018. For the full year, net sales reached €62.8 billion, up 2.5% at constant exchange rates.

Sales performance in the United States continued to show good momentum with 2.7% comparable sales growth excluding gasoline in the fourth quarter, including a slightly favorable weather impact. In our markets we saw a lower level of inflation compared to the previous quarter. Online sales growth accelerated to ...

Jan 24 10:17 AM, General News

Americans to Eat More than 1.3 Billion Chicken Wings for Super Bowl

National Chicken Council calls on President Trump to declare day-after Super Bowl a national holiday

Will Americans be ‘winging it’ for the Big Game? The National Chicken Council (NCC) today released its annual Chicken Wing Report, and the answer is a resounding “yes!” NCC projects Americans’ consumption of the unofficial gameday menu staple – the chicken wing – will hit an all-time high at 1.38 billion wings during Super Bowl LIII weekend, as the Los Angeles Rams and New England Patriots battle for the Lombardi Trophy. This figure is up two percent, or about 27 million wings, from 2018.

As Americans unite around their shared love of the chicken wing during Super Bowl LIII...

Jan 24 9:58 AM, General News


Load More
Label Label
Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.