Consumers Turning to Foodservice, Restaurant Deals in Early 2023
Consumers eating away from home were eyeing the best deal during the first quarter of 2023, reported Circana, formerly IRI and The NPD Group.
Unsurprisingly, consumers are looking to save a few bucks when they can amid inflationary pressures and higher food prices. During the first quarter of the year, customer visits to restaurants and foodservice outlets that took advantage of a deal rose by 8%, Circana analysis found.
The increase in visits of consumers looking to save some cash helped total commercial foodservice visits rise by...
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USMEF Conference Examines Industry Challenges, Opportunities for U.S. Market Share Gains
The USMEF Spring Conference got underway May 24 in Minneapolis, with USMEF senior staff updating members on industry efforts to expand the international footprint for U.S. red meat and bolster demand for underutilized pork, beef and lamb cuts.
Minnesota Agriculture Commissioner Thom Petersen welcomed a strong turnout of producers, exporters, packers, processors and traders from across the nation, praising their collaborative efforts to advance U.S. agriculture by building global demand.
“I really wasn’t a ‘feed-the-world’ type of person when I started as commissioner,” Petersen said. “But as...
Golden Star Enterprises DBA Super Fresh Foods Inc. Announces Production Contract with Eat Real Meals
Super Fresh Foods Inc. is a direct-to-consumer successful meal subscription company which uses a customized proprietary software to manage its logistics by tracking meals from ordering, ingredient acquisition, meal preparation, delivery, and payment across a broad platform of meal delivery assets.
Super Fresh Foods was established in 2022 and operates through a partnership with All Your Foods in the Vancouver, British Columbia metropolitan area to deliver meals under its “All Your Meals” brand.
All Your Meals is for people who want to eat...
Restaurant Loyalty Program Points and Rewards Redemption Increased by 26%
Lingering inflation and higher food prices in the first quarter of 2023 had many foodservice consumers looking for a deal. Customer visits to restaurants and retail foodservice outlets that took advantage of a deal rose by 8% in the quarter ending March compared to a year ago, reports Circana, formerly IRI and The NPD Group. The increase in deal visits helped to grow total commercial foodservice visits by 1% over a year ago, a traffic gain after four consecutive quarters of flat or declining growth.
Although 73% of all foodservice...
Hormel Foods Brings Together Brands with Introduction of COLUMBUS® Handcrafted Charcuterie Board
COLUMBUS® Manufacturing, maker of premium, award-winning Italian deli meats and charcuterie for more than 100 years, announces the introduction of the Handcrafted Charcuterie Board available exclusively at Walmart. The new Handcrafted Charcuterie Board features a carefully curated and generous selection of meats, cheese, crackers, dried fruit, chocolate, and other delicious accompaniments along with instructions and tips that customers can use to put together an impressive charcuterie board for their guests.
In addition to featuring premium COLUMBUS® Italian Dry Salami...
Royal Caribbean’s Icon of the Seas Debuting New Dining Lineup in Major Shakeup
When 2024 rolls around, Royal Caribbean International’s Icon of the Seas will roll out over 20 new ways to dine aboard the ship from elevated experiences to quick bits and venues for families.
The cruise line highlighted its new upscale Empire Supper Club, an eight-course experience, AquaDome Market – Royal Caribbean's first food hall – and Izumi in the Park, an all-day window with fresh sushi and more.
"The experiences had over great food are at the heart of so many...
Olli Salumeria Introduces North America's First Preservative-Free Salami
One of Italy's most iconic and traditional foods is entering a completely new chapter as California-based Olli Salumeria officially launches the first preservative-free salami in the North American market.
This week, Olli Salumeria announces its revolutionary new curing process and formula that eliminates all added nitrates and nitrites, producing salami that is effectively free of all preservatives, without compromise to taste or texture.
Most modern salami has added nitrates and nitrites, either as a synthetic or through natural sources such as cultured celery juice...
ANALYSIS: Frozen Beef Inventory Continues to Decline; Pork Stocks Edge Higher
The USDA separates total beef stocks into two categories: boneless and beef cuts. The bulk of last month's decline came from boneless cuts, which were down 6.9% month-over-month and 16.6% under last year. Beef cuts, meanwhile, were about even with the month prior but 7.6% under April 2022.
Total frozen beef cold storage inventory continues to follow seasonal norms so far this year but is declining at an accelerated pace versus the prior five-year average. Typically, frozen beef stocks hit their annual low during June since...
FCPT Announces Agreement to Acquire Up to 14 Darden Restaurant Properties for $85 Million
Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, is pleased to announce the signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar's Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million.
The transaction is expected to close in the third quarter of...
Dollar Tree, Inc. Reports Results for the First Quarter Fiscal 2023
Dollar Tree, Inc. today reported financial results for its first quarter ended April 29, 2023.
“Our initiatives to drive customer traffic and increase store productivity are having the desired impact. The Dollar Tree segment delivered a 3.4% comp, successfully cycling the 11.2% comp from the prior year’s quarter. Family Dollar continued its sales momentum with a 6.6% same-store sales increase. Importantly, both segments experienced a mid-single digit percent step-up in comp traffic. We are clearly gaining market share across the entire enterprise,” stated Rick Dreiling, Chairman...
Grocery Shoppers Expand Perception of Value Beyond Price
The latest survey of grocery shoppers by FMI – The Food Industry Association for its U.S. Grocery Shopping Trends 2023 series, reveals that the meaning of “good value” is becoming more complex as consumers navigate
The analysis revealed several common considerations for how shoppers think about value, both for the food and beverages they buy and the stores and channels they choose to shop, as inflation, while slowly edging downward in April, persists. Emerging dimensions of value regarding quality, relevance, experience and convenience are bucking the long-held definition of value being...
Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 16, 2023
Red Robin Gourmet Burgers, Inc. a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 16, 2023.
Highlights for the First Quarter of Fiscal 2023, Compared to the First Quarter of Fiscal 2022:
Meat Institute Partners with IT-ISAC to Improve Cybersecurity with New Food & Ag ISAC
The North American Meat Institute today announced a new partnership with the Information Technology-Information Sharing and Analysis Center (IT-ISAC) on the launch of a Food and Agriculture ISAC to enhance cybersecurity for the meat and poultry industry.
“We are grateful for the leadership of several of our members who helped found the Food and Agriculture ISAC to better prepare the industry to fight against the increasing threat of cyber attacks on our nation’s critical food infrastructure,” said...
Fresh Thyme Market Celebrates Memorial Day with Hot Deals for Grilling and Gathering
Fresh Thyme Market, a community-focused grocer with a mission to provide communities with quality food that is affordable, is thrilled to offer hot deals and top picks on grilling staples and selections to ensure your Memorial Day events go according to plan.
"Picking out the ideal meat for grilling is essential for a successful holiday celebration. Don't be afraid to try something new, Fresh Thyme offers a wide variety of Certified Angus Beef Steaks, from T-Bone to Boneless Ribeye - ranging from $13.99 to...
Dollar General Promotes Steve Deckard to Newly Created Executive Vice President
Dollar General Corporation announced Steve Deckard has been named executive vice president, growth and emerging markets effective June 1, 2023. Deckard, who most recently served as senior vice president of emerging markets and led the company’s international expansion into Mexico, began his DG career in 2006 as a regional director.
“Over the past 17 years, Steve has played an important role in the expansion of our business, helping to further our mission of Serving Others both in the United States and now Mexico,” said Jeff Owen...
2023 IFIC Food and Health Survey Shows Americans Feel the Impact of Rising Costs
The International Food Information Council (IFIC) released its 2023 Food and Health Survey today, unveiling significant findings regarding Americans' eating habits and food choices.
The 18th edition of the annual survey reveals key consumer insights around the rising cost of food, stress and well-being, the influence of social media on food and nutrition decisions, evolving eating patterns, climate consciousness, and healthy labels as purchase drivers.
"The 2023 IFIC Food and Health Survey is a comprehensive snapshot of the complex factors that shape American food and...
Panera Brands Prepares IPO with Next-Generation Leadership and Board Appointments
Panera Brands Inc., which includes the iconic fast casual and hospitality brand Panera Bread as well as Einstein Bros. Bagels and Caribou Coffee, today announced the establishment of its next generation of CEO leadership and Board governance in preparation for its eventual IPO. Current CEO Niren Chaudhary will become Chairman of Panera Brands, handing the CEO reins to José Alberto Dueñas, currently President and CEO of Einstein Bros. Bagels, effective July 1, 2023. Former Starbucks CFO and Independent Director Patrick Grismer will become Chairman of the Audit Committee...
ANALYSIS: Price Gaps Between Mexican 90s Trimmings with Other Countries
2023 has been a year of significant challenges for the Mexican export market. Factors such as the exchange rate and trade flows from competitive countries to the United States have led Mexican packers to different business decisions to achieve their goals. However, a major concern currently affecting the market is finding the balance to remain as a competitive alternative among other beef export countries whole closely monitoring the U.S. dollar exchanges rates that could affect the profitability of the trades.
An example of this can be seen in the 90s...
ANALYSIS: Beef 50s Maintain Huge Premium Over Pork 42s
Throughout most of this year so far, fresh beef 50s have maintained a huge premium over fresh pork 42s. As of Monday afternoon, Urner Barry's fresh beef 50s quotation was $1.86 per pound, compared to 50 cents per pound for fresh pork 42s.
In 2023 so far, beef 50s have advanced by nearly 92% and eclipsed $2 per pound earlier this month. Over the same period, pork 42s lost about 13%. From a historical standpoint, beef 50s currently reside at near seasonal all-time highs, second only to 2017...
The Retail Rundown: Grilling Ads Galore
Spending on meat purchases for this year's Memorial Day cookout is expected to total $1.6 billion, according to WalletHub. For this week’s retail rundown, we’ll take a look at how this year's protein features compare to Memorial Day 2022.
Beef features climbed to the top spot with 27.3% of buying opportunities this week. Pork comes in second with 25% of total protein ad volume, closely followed by seafood with 24.6%. Chicken has 19.7% of total retail activity, up slightly from last week.
Starting with the beloved burger, ground beef prices are mixed. Circana data indicated that 74-84% lean ground...
Protein PACT Academic Advisory Council Launched
The North American Meat Institute today announced the launch of the Protein PACT Academic Advisory Council, formed to advise on research priorities and the latest evidence related to meat production and consumption.
The seven members of the advisory council are renowned independent researchers from the United States’ top universities, with expertise encompassing environmental sustainability, human nutrition and development, combating hunger, and more.
Advisory Council members are:
Circana: Consumers Keeping Close Eye on Food Spending, Opting for Lower Cost, Value
Consumer insights firm Circana reported that U.S. consumers are managing higher food costs by shopping at value retailers and capping their spending on non-food purchases, among other methods.
Circana’s findings follow the April Consumer Price Index (CPI), which saw inflation moderate overall, but food prices rise by 7.7% between April 2022 and April 2023. Circana noted that alongside the rise in food prices, consumers are faced with credit debt, depletion of savings built during the pandemic and cutbacks on credits and...
Kindness Takes the Lead: Sonny's BBQ Appoints Tara Boyle as Chief Kindness Officer
Sonny's BBQ, the industry-leading BBQ restaurant rooted in quality food and spreading kindness, today announced Tara Boyle as Chief Kindness Officer (CKO). Boyle will step into the role as the brand's second CKO, following the three-year tenure of Kennon Adkinson. As CKO, Boyle will support the evolution of initiatives under 'Q The Kindness, oversee the brand's Kindness Crew and develop monthly activities to reach Sonny's communities.
"Today's announcement marks a major milestone in our commitment to kindness and the endless potential of doing more in...
Corn Plantings Up to 81% Completion, Soybeans 66% Underway
Corn plantings in the latest week raced ahead to 81% completion. This is up from 65% the previous week and above the 5-year average of 75%.
Of the 18 primary production states, all but Colorado, Kansas, North Dakota, and Texas are above their respective 5-year average rates for planting.
Corn emergence was up to 52% in the latest report, up from 30% the week prior. Emergence is ahead of both the year-ago progress (35%) and the 5-year average (42%).
Nearby corn futures on the Chicago Mercantile Exchange were last trading flat to 2 cents higher...
BJ’s Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2023 Results
BJ’s Wholesale Club Holdings, Inc. today announced its financial results for the thirteen weeks ended April 29, 2023.
“We reported a record first quarter in net income and adjusted EBITDA, demonstrating the power of our business model and the warehouse club channel,” said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. “We drove topline growth bolstered by robust traffic and share gains. We also made significant improvements on our merchandise margins largely due to waning supply chain pressures and...
Tyson Foods Completes Acquisition of Williams Sausage Company
Today, Tyson Foods, Inc. completed the previously announced acquisition of Williams Sausage Company, Inc. of Union City, Tenn., furthering the company’s strategy to increase its capacity and product portfolio. To ensure the continuity of business operations, Emily Billingsley, Roger Williams’ daughter, will be responsible for the company’s operations.
“This acquisition aligns with our strategy to win with customers, augments our manufacturing capabilities, and expands our product portfolio,” said Stewart Glendinning, group president, Prepared Foods for Tyson Foods. “Williams Sausage Company brings real strengths in its brand, facilities, and direct store delivery network...
Home Chef Celebrates 10 Years in Business with New Insights on Home Cooking, 'Greatest Hits' Menu
Kroger-owned meal solutions company Home Chef celebrated a decade in business with new insights into how U.S. consumers feel about home cooking.
Home Chef worked with Atomik Research in a survey of over 2,000 adults in the U.S. to explore sentiments around mealtime and to get a peek into what home cooking may look like over the next decade.
Here were the key findings:
- New adventure for your tastebuds: Many US consumers (67%) are willing to try new flavors and dishes. 78% of...
U.S. Pork Loin is Featured Attraction at Training Events with Mexican Distributors
USMEF recently partnered with Cedicarnes, a leading pork importer in northeast Mexico, to provide education and training for its end-user clients in foodservice on the versatility and quality attributes of U.S. pork loin. The training event was the first of seven planned in 2023 to promote the U.S. pork loin with importer/distributors and their end-user clients.
“These events are opportunities to explain the quality attributes of U.S. pork loin and demonstrate its versatility through the...
Kroger Grills up a Red, White and Blue Backyard Barbeque with Sizzling Savings
The Kroger Co., today shared red, white and blue menus specially curated for Memorial Day backyard barbeques, featuring grilling favorites, fresh sides and a dessert to be enjoyed around the campfire.
"Memorial Day is a special time to pay tribute to our incredible fallen heroes," said Rodney McMullen, Kroger's chairman and CEO. "Kroger is immensely grateful for the courageous men and women who have sacrificed for our nation and all our veterans and active-duty military personnel for their service and bravery. As families come together in...
USDA APHIS Confirms Atypical BSE Case in Beef Cow at South Carolina Plant
The USDA Animal and Plant Health Inspection Service (APHIS) confirmed an atypical case of bovine spongiform encephalopathy (BSE), or mad cow disease, in a beef cow at a slaughter plant in South Carolina.
The beef cow was about five years or older and was tested as part of APHIS’s routine surveillance of cattle that are unsuitable for slaughter. The animal did not enter slaughter channels or present any risk to the food supply chain or to human health, said the USDA.
This is the country’s 7th...
Sofina Foods Inc. Recalls Ready-To-Eat Mortadella Deli Meat Products
Sofina Foods Inc., a Markham, Ontario, Canada establishment, is recalling approximately 15,165 pounds of ready-to-eat mortadella deli meat products due to misbranding and undeclared allergen, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today. The product may contain pistachio (tree nuts), a known allergen, which is not declared on the product label.
The ready-to-eat mortadella deli meat products were produced on March 27, 2023, March 30, 2023, and April 4, 2023. The following products are subject to recall...
FAT Brands Strengthens Leadership Team with C-Suite Appointment and Two New Brand Presidents
FAT (Fresh. Authentic. Tasty.) Brands Inc . announces the elevation of Jenn Johnston to the role of Chief Marketing Officer. Since the acquisition of Global Franchise Group in July 2021, Ms. Johnston has held the role of President of the Quick-Service Division at FAT Brands, overseeing brands including Round Table Pizza, Great American Cookies, Marble Slab Creamery, and Pretzelmaker. With Ms. Johnston’s promotion to Chief Marketing Officer, Allison Lauenstein and David Pear will assume Brand President roles.
Ms. Lauenstein will serve as Brand President of Great...
Texas Roadhouse, Inc. Appoints Southwest Airlines Veteran Chris Monroe Chief Financial Officer
Texas Roadhouse, Inc. announced today that Chris Monroe has been hired as Chief Financial Officer, effective June 28, 2023. Mr. Monroe has over 34 years of financial experience, including the past 30 years at Southwest Airlines. He most recently served as Senior Vice President of Finance and Treasurer.
As the Company’s principal financial officer, Mr. Monroe will be responsible for overseeing the Company’s accounting, financial reporting, investor relations, tax, treasury, internal audit, and financial analysis functions.
“We are excited to have Chris join our team. Chris brings valuable...
TGI Fridays CEO Ray Blanchette to Step Down as the Company Continues Momentum
TGI Fridays announced today that Ray Blanchette has stepped down as Chief Executive Officer. Rohit Manocha, Chairman of the Board and Co-Founder of TriArtisan Capital Advisors, will be assuming Mr. Blanchette's responsibilities in the interim. The TGI Fridays executive team will report directly to Mr. Manocha.
Mr. Blanchette led TGI Fridays for the past five years managing the company through a successful turnaround that included both national and global growth as well as through the turbulent impacts around the COVID-19 pandemic. TriArtisan is the...
Stock Futures Inch Higher as Talks on Nation's Debt Ceiling Continue
U.S. stocks are posting modest gains in early trading action Friday as talks on the nation's debt ceiling continue. The Dow Jone Industrial Average was last 0.2% higher while the S&P 500 was also up by 0.2%. The Nasdaq-100 was 0.05% higher as of this writing.
Through Thursday’s close, the Dow has gained 0.7% while the S&P 500 has added 1.5%. The Nasdaq-100 has advanced by 3.3% on the week so far on optimism that the U.S. could avoid defaulting on its debt ceiling.
“An actual breach of the U.S. debt ceiling would likely cause severe damage to the U.S. economy,” said the Council of Economic Advisors (CEA) in a blog released earlier this month...
Blaze Pizza Selects Qu as Unified Commerce Platform to Support Rapid Growth and Innovation
Blaze Pizza has chosen Qu’s unified commerce platform to enhance ordering and operational efficiency across the franchise system. Qu’s cloud-native system provides greater order accuracy and kitchen fulfillment, reducing the cost of labor and food waste. These advantages, along with extensive data collection, will allow for greater cost savings and a better user experience, ultimately supporting Blaze’s plans for rapid growth. The announcement was made at the Cota Connect summit in San Francisco, hosted by Qu investor Cota Capital...
Analysis: Memorial Day 2023: Will Rising Pork Supplies Hamper Holiday Feasts?
Memorial Day is one of the major pork holidays each and every year. Ribs, bacon, and butts are all darlings of this popular weekend that officially kicks off summertime.
However, this year is different compared to the past few years amid economic uncertainty, ample supplies of pork throughout the US, and demand that can be classified as moderate at best. While consumers will surely be out and about this year, pork may not see the same performance the industry has become accustomed to.
The current demand for bellies...
New Opportunities Developing for U.S. Beef in China’s Foodservice Sector
China’s economy is off to a good start in 2023 as consumer spending rallies from extended pandemic restrictions. Foodservice is rebounding and importers are working aggressively with its restaurant customers to meet changing demand from consumers. The pursuit of fresh ideas is creating new opportunities for high-quality, grain-fed U.S. beef in a sector that is accustomed to lean, grass-fed beef from South America.
USMEF partnered with a key importer to conduct training on specific U.S. beef cuts for one of its customers, a hot pot chain with...
O’Charley’s Announces New “Smash Hit” Burger Lineup
O’Charley’s Restaurant + Bar is inviting guests to “meat” their all-new “Smash Hit” Burger lineup beginning May 22. This rollout arrives just in time for National Burger Day on May 28, when guests will receive $5 off any burger that day.
The all-new smash burgers are the same 7 ounces guests love but are grilled so that the edges are nice and crispy and the flavor gets big and bold, giving them a bun-in-a-million taste. The irresistible new burger lineup is wide-ranging...
Del Taco Brings Back Popular Shedded Pork Carnitas for a Limited Time
Del Taco, the nation’s second-largest Mexican quick-service restaurant*, today announced the return of fan-favorite Carnitas for a limited time. To celebrate, Del Taco is giving their Del Yeah!™ Rewards members early access to their Carnitas menu items on Wednesday, May 17, offering 30% OFF any Carnitas item for the day**. Plus, FREE Delivery on everything through Sunday, June 11***. Del Taco's slow-braised, shredded pork Carnitas are now available to order in popular menu items including the Stuffed Quesadilla Taco...
Wakefern Expands Use of Freeosk Sampling Kiosks
Retailer-owned cooperative Wakefern Food Corp. will expand the use of Freeosk’s interactive multimedia sampling kiosks for turn-key, multisensory, in-store retail media activation.
After a successful pilot, Wakefern will place Freeosk units in 95 ShopRite and The Fresh Grocer stores. Freeosk said its product “transforms ordinary in-store spaces into discovery destinations for new products and categories.”
Freeosk campaigns generate a sales life of over 50%, with 70% of buyers being new to brand (NTB) and over 20% of converted shoppers repeat purchasing after the campaign, per Freeosk...
Broad Losses at Midweek Sent Lean Hog Futures and Grain Complex Tumbling
Lean hog futures on the Chicago Mercantile Exchange (CME) tumbled at midweek, sending some months to new contract lows. Yesterday’s sell-off followed a recent firming trend in hog futures after the Supreme Court’s backing of Proposition 12 last week.
The June lean hog futures contract formed an outside bearish reversal Wednesday and closed $2.325 lower at $84.875 per cwt. The August contract slipped to a fresh contract low and settled $3.025 lower at $84.85 per cwt.
The cash hog market and wholesale pork...
Wendy's Partners with Pipedream to Pilot Industry-First Underground Delivery System for Mobile Orders
The Wendy's Company today announced a new partnership with Pipedream, a hyperlogistics company, to pilot its underground autonomous robot system with the goal of delivering digital food orders from the kitchen to designated parking spots in seconds, for faster and more convenient pick-up experiences. As the first quick service restaurant (QSR) to pilot this cutting-edge technology, the partnership marks another bold step for Wendy's in driving industry innovation as it strives to serve digital-forward customers with greater ease, speed and accuracy.
UB Consulting: The Foodservice Industry – Are We in a Bubble?
One word to describe the current state of the foodservice market would be “perplexing.”
Menu prices remain strong and increasing while the economy is slowing down. According to the latest consumer price index report, the food away from home index rose 8.6 percent year over year in April 2023. Despite the overall increase in the cost of living, as shown in the CPI figures, consumers are still dining out. At the same time, restaurant owners have incurred increased costs, including energy and wages, rightfully, justifying higher menu prices...
Hormel Foods to Showcase Brands, Innovation and Showstopping Menu Items at National Restaurant Show
Attending the prestigious National Restaurant Association Show has long been a tradition of Hormel Foods Corporation (NYSE: HRL), an annual opportunity for the Fortune 500 global-branded food company to highlight its extensive product offerings to foodservice operators from around the country. This year's show takes place May 20-23 at McCormick Place in Chicago and will feature more than 2,100 exhibits hosted by hundreds of U.S. manufacturers and suppliers. But none of those exhibits promises to be as eye popping as what Hormel Foods is...
The Retail Rundown: Memorial Day Outlook; Assessing Proposition 12
Circulars are promoting snacks, beverages, and various protein items ahead of the approaching Memorial Day holiday—the first major retail event of the year. While burgers and hot dogs are popular choices for the holiday, other grilling items boast competitive prices this year.
Wholesale beef prices, which have come under pressure as of late but remain at the third highest levels for the current period, may influence feature volume and retail prices this Memorial Day.
Seafood features make up 35.1% of buying opportunities this week, overtaking pork at 23.7%...
ezCater Brings Wawa’s Signature Sizzli® Sandwich and Hoagies to Workplaces Across the Mid-Atlantic and Florida
ezCater, the most trusted provider of corporate food solutions, and Wawa Inc. today announced the launch of all Wawa locations on the ezCater marketplace. Now, workplaces can order Wawa’s signature breakfast sandwiches, like the Sizzli®, and hoagies, from 1,000 store locations across Pennsylvania, Delaware, New Jersey, Maryland, Virginia, Florida, and Washington, D.C.
“Thanks to this new partnership with ezCater, we now have the ability to reach more business customers with our fresh offers, perfect for breakfast, meetings, and corporate events...
Jack in the Box Inc. Reports Second Quarter 2023 Earnings
Jack in the Box Inc. financial results for the Jack in the Box and Del Taco segments in the second quarter, ended April 16, 2023.
"The momentum in our business continued throughout the second quarter, reflected in outstanding sales, positive net unit growth, improved margin performance and the signing of a development agreement for expansion into Mexico," said Darin Harris, Jack in the Box Chief Executive Officer. "Over the last year we have been focused on the execution of our strategy, and the results are beginning to show. We look...
HungerRush Survey Shows Restaurant Loyalty and Rewards Programs Significantly Increase Sales
HungerRush, the leading cloud software provider for the restaurant industry, today announced new research that reveals how restaurant loyalty and rewards programs impact consumer behaviors. The survey indicates that rewards programs increase the frequency of visits by members, improve customer loyalty, and provide restaurant owners with the opportunity to gather valuable data to personalize and tailor future offers.
Amid ongoing economic constraints, consumers are tightening the purse strings, and this is impacting how and when they dine out. In fact, in another survey (The RushReport: The 2023 Restaurant Consumer...
National Retail Federation: Consumers Engaged as Retail Sales Jump in April
The National Retail Federation (NRF) said retail sales bounced back in April, showing month-over-month and year-over-year growth.
“Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. “Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend. However, they remain cautious and concerned about the current economic environment. Retailers continue to provide competitive pricing and convenience to help cost-sensitive consumers stretch their budgets...
Shake Shack Enters Into Cooperation Agreement With Engaged Capital
Shake Shack Inc. today announced that it has entered a cooperation agreement (the “Cooperation Agreement”) with Engaged Capital, LLC (“Engaged Capital”). As part of the Cooperation Agreement, Shake Shack appointed Jeffrey D. Lawrence to its Board as an independent director, effective immediately. The Company will also work with Engaged Capital to identify an additional mutually agreed upon independent director to appoint to the Shake Shack Board with restaurant operations experience. The Company also agreed to take other actions that both the Company and Engaged Capital...
Cracker Barrel Old Country Store Offers Guests New, Convenient Catering Options
Cracker Barrel Old Country Store® adds new Sirloin Steak Tips Bundle and Barrel Cheeseburger Slider Platter to its catering menu just in time for summer holiday gatherings with family and friends. Alongside new catering additions, guests can pick up or have delivered a new Sirloin Steak Tips n' Tenders Family Meal Basket prepared and ready to serve to the whole family. Whether hosting a summer celebration for the whole neighborhood or needing a simple weeknight meal for the family, Cracker Barrel has an abundance...
Ring the Bell! Every Day is Taco Tuesday® at Taco John's
Taco John's has proudly owned the Taco Tuesday trademark since 1989. In celebration of this non-anniversary, beginning today – conveniently, Taco Tuesday– Taco John's is rolling out a special Taco Tuesday deal – $2 for 2 Tacos (crispy or softshell). Every day, all day, May 16 - May 31, through the Taco John's Mobile App, for Bigger Bolder Rewards Members.
Because at Taco John's, Every Day is Taco Tuesday!
"I'd like to thank our worthy competitors at Taco Bell for reminding...
Clever Carnivore Names Russell Thomas VP of Product Development
The Clever Bratwurst is one bite closer to your grocer’s meat department. Clever Carnivore, a Chicago-based biotech startup working to bring cultivated meat — pork, beef and chicken — to consumers, today announced Russell Thomas, MSc, has joined the team as vice president of product development. A triple-decade food scientist with expertise in food safety, product development and operations management, Thomas will accelerate the development of Clever Carnivore’s debut consumer product, the Clever Bratwurst.
“Russell’s experience as director of research and development at Tyson...
STX Beef Co. Announces Purchase of Missouri Prime Beef Packers, LLC
Today, STX Beef Company, LLC (STX) announced the purchase of Missouri Prime Beef Packers. STX will take over operatorship immediately.
Missouri Prime Beef Packers is located approximately 20 miles north of Springfield in Pleasant Hope, Missouri. The plant, which sits on 256 acres, currently processes approximately 750 head of cattle per day in its 88,000 square foot facility.
"STX prides itself on taking care of our customers while offering customized solutions, and developing long-lasting commercial relationships," Terry Maul, STX Beef Company CEO said. "Missouri is...
Checking In On Meal Kit Companies After Pandemic Boom
Meal kit companies were one of the winners during the pandemic. They provided convenience and a low barrier to entry as consumers ate more meals at home.
With everyday life largely back to normal, meal kit companies are trying to find their footing as restaurants and away-from-home eating return to pre-pandemic patterns.
Recent findings from Bloomberg’s Second Measure team found that customer retention has become a key hurdle for meal kit companies. After enticing promotional periods that companies like HelloFresh and Blue Apron offer, consumers often...
Corn and Soybean Planting Activities Continue Rapid Pace in Latest Crop Progress Report
Corn plantings continued their rapid pace of progression in the latest week and forged on to reach 65% completion. This compares to 49% the previous week and the 5-year average of 59%.
Of the 18 primary production states, Colorado, Kansas, Michigan, North Dakota, Ohio, Texas, and Wisconsin are trailing behind their respective 5-year average rates for planting.
Corn emergence reached 30% in the latest report, more than doubling progress from the week prior. Emergence is ahead of both year-ago progress (13%) and the 5-year average (25%)...
Applebee’s Fan-Favorite 2 for $25 with Steak Makes a Perfect Date Night Match!
Applebee’s favorite two person pairing, the 2 for $25 deal, just got better. Guests can now enjoy a 6 oz. Top Sirloin for one - or both - of their entrée selections, paired with an appetizer or two side salads for only $25!* Grab your friends, family, or S.O. and choose from a special menu that includes two full-size entrées and a choice of one appetizer, or two side salads, for dine-in, To Go and Delivery.Whether celebrating date night or going out...
Trader Joe's CEO Announces Retirement
Dan Bane, Chairman and Chief Executive Officer of Trader Joe's, will retire effective July 2, 2023 (the company's Fiscal Year End). At that time, Bryan Palbaum will become the Chairman and Chief Executive Officer and Jon Basalone will be promoted to Vice CEO and President of Trader Joe's Company.
Dan Bane has been with the company for more than 25 years, the last 22 as the Chairman and CEO. During that period, the company has grown to be a national chain of 543 neighborhood grocery stores in 42 states, plus Washington, DC. Dan has championed...
Hormel Foods Company Information About California Proposition 12
Hormel Foods has assessed Proposition 12 and Question 3, and while we are still awaiting final clarity on specific details and rules, the company is preparing to fully comply when these laws go into effect. The company’s Applegate portfolio of products already complies with Proposition 12 and Massachusetts Question 3.
Hormel Foods has confirmed that it faces no risk of material losses from compliance with Proposition 12 and Question 3. While these measures will add complexity to our supply chain, including costs associated with compliance, California and Massachusetts are important markets for...
CEO: Kroger 'Committed to Litigate' if Regulators Seek to Block Merger Deal
Kroger is prepared to fight regulators at the Federal Trade Commission, if they seek to block its $25 billion takeover of Albertsons, CEO Rodney McMullen told Bloomberg News on Wednesday.
In March, The Enquirer reported the massive deal could face harsher regulatory scrutiny in light of tougher antitrust regulators under President Biden.
McMullen told the news outlet that Kroger and Albertsons have been prepared for a court battle from the start.
"Usually you wouldn't commit in advance to litigate. In this case we both committed to litigate...
G. WIlli-Food International Reports First Quarter 2023 Results with a Record High Quarterly Sales
G. Willi-Food International Ltd., a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2023.
First Quarter Fiscal Year 2023
Denny's Fan Favorite Super Slam Returns for Big Classic Breakfast Around the Clock
Denny's, known around the world for its famous breakfast Slams, has brought back the Super Slam, America's biggest breakfast. The Super Slam, which is a featured item on Denny's "All Day Diner Deals" value menu, includes two buttermilk pancakes, two eggs cooked to order, two bacon strips, two sausage links, and crispy hash browns. Available now through June 20th for $7.99 ($9.99 in select markets), America's Diner, which is celebrating its 70th anniversary this year, has given their guests another...
What's Next for Massachusetts Question 3 Following Prop 12 Ruling?
The future of a Massachusetts state law called Question 3 (Q3), a 2016 ballot initiative originally set to go into effect last summer, remains in the balance now that Proposition 12 has been upheld.
Last week, the U.S. Supreme Court backed California's Proposition 12 in a 5-4 decision. Proposition 12 requires veal calves, breeding pigs, and egg-laying hens to be housed in systems that comply with specific housing standards.
Question 3 is similar to California’s Proposition 12 and would ban any uncooked whole pork sold in the state that...
Proposition 12 Has Been Upheld — What We Know So Far
Following several years of contention, the U.S. Supreme Court ruled to uphold Proposition 12 on May 11, 2023. Proposition 12 is a California law that sets animal-welfare standards for meat sold within the state. Click here for the ruling.
Below is a fact sheet on Proposition 12 as it pertains to pork and hogs compiled by Urner Barry's market reporters. Urner Barry will continue to monitor the situation and will provide updates when possible.
Mitten Gourmet, LLC, Recalls Ready-to-Eat Pork Rind Products Produced without Benefit of Inspection
Mitten Gourmet, LLC, a Freeland, Michigan establishment, is recalling approximately 1,137 pounds of ready-to-eat pork rind products that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The pork rind products of various flavors were produced on various dates from September 9, 2021, through May 5, 2023. The following products are subject to recall [view labels]:
Eastern Meat Solutions, Inc. Recalls Raw, Boneless Pork Products Imported without Benefit of Import
Eastern Meat Solutions, Inc., the importer of record located in Ontario, Canada, is recalling approximately 40,763 pounds of raw, boneless pork products that were not presented for import reinspection into the United States, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The raw, boneless pork products were imported from Canada, and further processed by another company into barbeque pork products. The following products are subject to recall:
ANALYSIS: The exchange rate impact on the Mexican beef export market
The beef market in the U.S. has experienced a challenging year, with lower production and slaughter levels, leading buyers to look for material to fulfill the domestic demand across the border. One of the main options is undoubtedly Mexican beef. The Mexican export market, however, has faced one of its biggest challenges in recent years on the dollar exchange rates, which has reached the lowest levels on the last five years.
Since March 2022, a decrease in U.S. imports of Mexican beef was noted, a trend that continued during...
Food System Stress Is Feeding Innovation and Investor Opportunities: PGIM Research
Vulnerabilities in our global food system have surfaced recently as the invasion of Ukraine, COVID-19 pandemic and climate change have disrupted the food supply — having a profound impact on food prices, monetary and fiscal policy, even political stability. However, these disturbances have also tilled the soil for much-needed innovation, and investors can play a major role in transforming the industry for the future, according to new research from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc...
Industry Reaction to Supreme Court's Proposition 12 Backing
On May 11, 2023, the U.S. Supreme Court backed California's Proposition 12 in a 5-4 decision. The law was first approved by California voters in 2018. Proposition 12 requires veal calves, breeding pigs, and egg-laying hens to be housed in systems that comply with specific housing standards.
Click here for a fact sheet on Proposition 12 as it pertains to pork and hogs compiled by Urner Barry's market reporters.
Last summer, the National Pork Producers Council (NPPC) and the American Farm Bureau Federation (AFBF) argued that Proposition 12 was unconstitutional...
Maple Leaf Foods Reports First Quarter 2023 Financial Results
Maple Leaf Foods Inc. today reported its financial results for the first quarter ended March 31, 2023.
"Although global pork markets continued in their dislocation during our first quarter as expected, we made excellent progress in important dimensions of this inflection point year," said Michael H. McCain, Executive Chair and CEO of Maple Leaf Foods. "Our supply chain has made exceptional progress back to full normalization, we have advanced our much-needed inflation pricing, we began taking advantage of our renewed access to the Chinese markets and continue to see...
AFS and Symbotic Announce Agreement to Implement Industry-Leading Warehouse Automation System
Associated Food Stores (AFS), a provider of groceries and other goods and services to independent retailers in nine Intermountain states, and Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced they have entered into a commercial agreement to implement Symbotic’s A.I.-powered robotic warehouse automation technology in AFS’ Utah distribution center.
Symbotic’s end-to-end automation system, with robotic case pick capabilities, will allow AFS’ distribution center to improve a variety of retail-facing experiences, including overall supply...
NPPC Statement on SCOTUS Opinion on California Proposition 12
“We are very disappointed with the Supreme Court’s opinion. Allowing state overreach will increase prices for consumers and drive small farms out of business, leading to more consolidation. We are still evaluating the Court’s full opinion to understand all the implications. NPPC will continue to fight for our nation’s pork farmers and American families against misguided regulations.”
– Scott Hays, NPPC president and Missouri pork producer
US Foods Reports First Quarter Fiscal Year 2023 Earnings
US Foods Holding Corp one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2023.
First Quarter Fiscal 2023 Highlights
“We are encouraged by our start to the year as US Foods delivered...
Aramark Announces National Brand Agreement with Bean Sprouts to Offer More Healthy Food Options
Aramark, a global leader in food, facilities management, and uniforms has entered a new national brand agreement with Bean Sprouts, a hip and healthy national café chain with a unique and whimsical focus on children. The first location is operating at Children’s National Hospital in Washington, D.C., ranked #5 children’s hospital in the country by U.S. News & World Report, it was announced today.
“We are pleased to offer Bean Sprouts as an innovative retail option particularly for children and their families who are in the hospital...
Performance Food Group Company Reports Third-Quarter and First-Nine Months Fiscal 2023 Results
Performance Food Group Company today announced its third-quarter and first-nine months fiscal 2023 business results.
“PFG’s three reportable segments continued to deliver solid results in the fiscal third quarter with accelerated organic case volume and favorable cost control producing strong profit growth,” said George Holm, PFG’s Chairman & Chief Executive Officer. “Organic independent restaurant case growth in our Foodservice segment increased by 8.3% in the quarter, reflecting market share gains. Vistar experienced excellent top and bottom-line results across its channels while our...
Maple Leaf Foods Releases First Integrated Report Consolidating 2022: Financial and Sustainability
Maple Leaf Foods Inc. today released its first annual integrated report, bringing together its 2022 financial and sustainability performance under one umbrella. This approach to reporting more clearly demonstrates the interconnectivity between the company's sustainability initiatives, business strategy and performance, and provides a more holistic view of how sustainability is woven into all aspects of the company's business and commitment to creating shared value over time through strategic action, leadership and transparency.
In his opening Letter to Stakeholders, Maple Leaf Foods' Executive Chair and CEO, Michael McCain, reflects...
ANALYSIS: Getting Flanked by Thin Meats
As mentioned in previous analysis pieces, “thin meats” typically see price appreciation well before some larger cuts during times of lighter production. Last time around we had a focus on outside skirts, and this time we’re going to focus on the flank steak. The run up in prices within the boxed beef market has prompted participants to seek out cheaper alternatives at every turn when possible. Urner Barry’s outside skirt quote now sits at some of the loftiest levels on record, gaining nearly 100 percent year-to-date. This in turn has prompted users...
The Wendy's Company Reports First Quarter 2023 Results
The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the first quarter ended April 2, 2023.
"Our strong first quarter results build on the momentum we created in 2022," President and Chief Executive Officer Todd Penegor said. "We delivered our sixth consecutive quarter of double-digit global same-restaurant sales growth on a two-year basis driven in part by our compelling marketing programs, continued operational improvements, and the significant acceleration of our digital business. Our sales growth contributed to an over 250 basis point year-over-year expansion in...
Beyond Meat Reports First Quarter Results, Smaller Loss
Beyond Meat (NASDAQ: BYND) reported its financial results for its first quarter, showing net revenues were $92.2 million, down 15.7% from the year prior.
Founded in 2009 and based in El Segundo, California, Beyond Meat is a leading plant-based meat company that offers a variety of items designed to have the same taste and texture as animal-based meat.
Net revenues for U.S. retail and foodservice during the three months that ended April 1, 2023 were down 29.8% from 2022. Net international revenues, however, were up 30%, with a nearly ...
Pace of Foodservice Job Growth Slows, Industry Workforce Still Behind Pre-Pandemic Levels
Preliminary data from the Bureau of Labor Statistics (BLS) April showed employment gains in foodservice and drinking places of 25,000, which carried gains seen across the leisure and hospitality sector. Through the first quarter of 2023, the sector has added almost 180,000 jobs.
However, the National Restaurant Association’s chief economist Bruce Grindy said those gains were at a slower pace compared to what has occurred in previous months.
April’s increase followed moderate gains in February (45,400) and March (28,200) – both of which were revised lower from their...
March Pork Exports Largest in Nearly Two Years; Beef Exports Show Signs of Rebound
March exports of U.S. pork were the largest since May 2021, according to data released by USDA and compiled by USMEF. While below last year’s high volume, March beef exports were the largest since October.
March pork exports totaled 260,195 metric tons (mt), up 17% year-over-year and the ninth largest volume on record. Export value was also ninth largest at $724 million, up 18% from a year ago. These results capped a strong first quarter for U.S. pork as exports reached 716,691 mt...
Tabit Technologies, a Mobile First POS, and OpenTable Announce Partnership
Today, Tabit Technologies, a Mobile First POS, and OpenTable, a global leader in restaurant technology, announced an integration which streamlines front-of-house restaurant operations and enables restaurants to deliver more personalized hospitality for guests.
"This partnership with OpenTable marks a valuable opportunity for restaurant owners and operators to close the loop on their internal communication and create a better hospitality experience for guests," said Tabit Co-founder and President Nadav Solomon.
With the integration of Tabit and OpenTable technologies, restaurants have a wealth of information at their fingertips, creating...
Tyson Foods Aims to Resume Slaughtering Pigs in Mid May at Nebraska Plant
Tyson Foods Inc plans to resume slaughtering pigs in mid-May at a Madison, Nebraska, pork plant damaged by fire two weeks ago, the meatpacker said on Tuesday.
The extended halt to slaughtering comes as weak consumer demand for pork and low prices are squeezing margins for meatpackers and hurting hog farmers.
Tyson is continuing to divert hogs to other pork plants that would normally be slaughtered in Madison since the April 23 fire, spokesperson Liz Croston said. The Madison plant is doing limited...
The Retail Rundown: Grocers Look to Capture Mother’s Day Spending
In this week’s retail rundown, grocers are aiming to capture a portion of this year's red-hot Mother's Day spending.
According to the National Retail Federation’s Mother's Day annual survey, 84% of U.S. adults are expected to celebrate the holiday this year. Collective spending for the holiday is anticipated at $35.7 billion, surpassing last year's record high of $31.7 billion.
Of those celebrating, 60% of consumers are planning a special outing such as dinner or brunch. Mother's Day is traditionally a dining-out occasion, benefiting foodservice more than retail.
To compete with foodservice, retailers are spotlighting deals...
Dollar General Announces Supply Chain Growth
Dollar General today announced recent expansions in its global supply chain network including the opening of its first ground-up, dual facility in Blair, Nebraska and two permanent regional distribution hubs in Newnan, Georgia and Fort Worth, Texas. The Company also announced expansion plans in Jonesville, South Carolina and Amsterdam, New York at existing facilities.
“The recent additions to our supply chain network aim to provide greater efficiencies, create additional jobs and drive positive economic impact,” said Tony Zuazo, Dollar General’s executive vice president of global supply chain. “We’re excited to continue growing our...
Black Sea Grain Inspections Resume Following Recent Standstill
In a press briefing Tuesday, the United Nations announced that the “JCC has confirmed that inspections have resumed today on outbound vessels.”
The Joint Coordination Centre (JCC) conducted no inspections on Sunday or Monday. Since May 1, the JCC inspection rate dropped to 2.9 inspections daily, according to Farhan Haq, Deputy Spokesman for the Secretary-General.
"There are currently 26 vessels in Turkish waters loaded with 1,157,974 metric tons of grain and foodstuffs. According to information shared by the Ukrainian delegation with the parties at the JCC, there are 62 vessels waiting...
Lineage Logistics Lands on CNBC Disruptor List, Named ‘Best Managed Company’
Cold chain solutions provider Lineage Logistics landed on the CNBC Disruptor 50 list and was named a ‘2023 US Best Managed Company’ in recent days.
Lineage snuck into the top 10 of the disruptor list for its work in “improving links in the cold chain, CNBC explained.
CNBC noted Lineage’s acquisition strategy that has led the company to grow tremendously over the years. The company has acquired over 100 businesses to become the top temperature-controlled logistics firm...
Meijer Looking Across the Globe for New Vendors for Frederik’s by Meijer Line
Retail giant Meijer is looking for food manufacturing partners to expand its Frederik’s by Meijer line that will be on the shelves at over 260 supercenters and grocery stores across Michigan, Ohio, Indiana, Illinois, Kentucky and Wisconsin.
Prospective vendors should follow this link to submit their interest in a partnership. The retailer explained that by submitting information into the RangeMe system, vendors are making their products available for Meijer merchants to consider throughout the year.
The Frederik’s brand was launched in October 2021 and Meijer has...
Import Volumes to Sit Below 2022 for the Majority of the Year
The Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates showed import cargo volume at major U.S. ports rising from three-year lows in February.
Despite the uptick in imports, the report expects import volumes to remain well below 2022 levels heading into the fall.
“Consumers are still spending and retail sales are expected to increase this year, but we’re not seeing the explosive demand we saw the past two years,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Congestion at the ports has largely
Corn Plantings Surpass Past Progress Benchmarks
In the latest Crop Progress report, corn plantings were at 49% completion, up from 26% the previous week and above the 5-year average of 42%. Year ago progress at this time was 21%.
For the week ending Sunday, May 7th, days suitable for fieldwork in Illinois were 6.0 compared to 5.1 the previous week. Indiana had 4.3 versus 4.1 the week prior. Iowa’s fieldwork days were 5.7, up from 4.8 last week. Ohio fell to 1.7 from 3.1 the previous week.
Corn emergence was reported at 12%, compared to year-ago progress of 5% and the 5-year average rate of 11%...
White Castle Celebrates National Slider Day on May 15 by Giving Away a Free Cheese Slider
In recognition of National Slider Day — White Castle's self-proclaimed holiday celebrating The Original Slider® — the 102-year-old burger chain will be treating its Craver fans to complimentary Cheese Sliders in restaurants on May 15. No purchase is necessary, but customers do need to present a digital coupon, which can be found on White Castle's website.
Cravers all over the country can join in the National Slider Day celebrations with the help of a discount coupon for select Sliders from local food ...
Indonesia Confirms Outbreak of African Swine Fever
Indonesia has reported an outbreak of African swine fever on a farm on the Riau Islands near Singapore, the World Organisation for Animal Health (WOAH) said on Tuesday.
The outbreak that killed 35,297 pigs in a herd of 285,034 on a farm located on Bulan island was detected on April 1 and confirmed on April 28, the Paris-based WOAH said, citing Indonesian authorities.
African swine fever (ASF) is not dangerous to humans but is fatal for pigs. It has plagued China for years, with an initial wave during 2018 and 2019...
ANALYSIS: CME Hog Futures Fall to Fresh Lows on Dull Domestic Demand
The most actively traded June contract rounded out last week with a $3.375 loss at $83.775 per cwt, a 23% decline from the start of the year. While the futures board continues to anticipate a seasonal increase in prices during the summer months, the advances have slowed drastically from what was anticipated in early 2023 amid a clouded outlook for pork demand heading into peak grilling season.
On the year so far, the cash market has declined by about 5.1% and is 29% below year-ago levels, based on USDA’s national weighted
Denny's Hires Restaurant Industry Veteran Alex Williams as Chief Operating Officer
Denny's Corporation today announced the appointment of Alex Williams as Senior Vice President, Chief Operating Officer (COO), reporting to Denny's President John Dillon. Williams brings with him decades of experience in the restaurant industry, having served in key operations roles with Starbucks, McDonald's, Outback Steakhouse, Fleming's Steakhouse and Moe's Southwest Grill."Alex possesses an impressive blend of operations expertise and restaurant industry credentials. As importantly, he is a collaborative, purpose-driven leader and has true passion for the Denny's brand," said Dillon. "Alex's role will be pivotal...
Ferraro Foods Announces Major Expansion of Long Island Distribution Business
Ferraro Foods, one of the country’s largest specialty distributors of food and foodservice supplies to Italian restaurants and pizzerias, announced a major expansion of its Long Island distribution business with the addition of a 230,000-square-foot warehouse and distribution center located at 80 Wilshire Blvd in Edgewood, N.Y., positioning the company to greatly increase its share of the world’s largest, most concentrated local pizza market.
Situated near several major highways at the geographical center of Long Island, which accounts for the largest sales volume of specialty Italian foods in...
Price of Groceries in the US has Grown 50% Faster than Overall Inflation since 2020
The line outside Boston's American Red Cross Food Pantry on a recent Saturday morning stretched the length of two football fields. The number of people filing into the redbrick industrialzone warehouse on some days now exceeds the worst periods of the pandemic economic crisis and in April it had the second highest monthly traffic since it opened in 1982, according to David Andre, the director.
His organisation, like food banks across the country, has been flooded with requests for help since foodstamp recipients were hit...
Tyson Foods Shares Shed Nearly 16% Following Q2 Loss
U.S. stocks closed mixed on Monday and are lower so far Tuesday as traders continue to digest the recent developments from major corporations including Tyson Foods and S&P 500 company Catalent, Inc.
The Dow Jones Industrial Average closed 0.2% lower yesterday while the S&P 500 was fractionally higher. The Nasdaq Composite gained 0.08% on Monday but has since turned weaker in early trading action Tuesday. The indices rounded out last week with gains following the latest U.S. jobs data, which showed 253,000 jobs added in April.
Shares of Catalent, Inc. lost over...
Uber Eats Works with Amazon to Bring Alexa Order Tracking to U.S. Consumers
Today, Uber Technologies, Inc. announced that consumers can now use their Amazon Echo devices to track the status of Uber Eats orders in the United States. This new integration unlocks real-time, hands-free order tracking for Echo users across the country.
The Uber Eats integration with Alexa gives consumers timely updates on critical points in the delivery process—starting when an order is being prepared through to when the driver is arriving, and when the order is delivered. Consumers can set how to receive updates. Alexa...
Burger King to Give Fans a Heroic Take on the Iconic Whopper
Anyone can wear the mask (and crown) … will it be you? Burger King® – in co-promotion with Spider-ManTM: Across the Spider-Verse – is entering the Spider-Verse with a limited-time take on the brand’s iconic Whopper® sandwich. The newest Whopper innovation was developed in celebration of the upcoming theatrical release of Sony Pictures Animation’s Spider-ManTM: Across the Spider-Verse, the next chapter in the hit film franchise that will swing into theaters worldwide on June 2.
Available at participating restaurants nationwide from May...
Subway Celebrates Nurses and Teachers Nationwide With a Week of Free Subway Series Subs
Today, Subway announced a special giveaway for nurses and teachers across the country, celebrating two critical and often underappreciated professions during the unique overlap of National Nurses Week and National Teacher Appreciation Week this year. Nurses and teachers can win one of 10,000 free Subway Series sandwiches through a new program, Subway Serves, that runs from May 8 through May 12.
To get a free sub, nurses and teachers can visit SubwayServes.com each day that week at 9:00 a.m. ET. The first 2,000 to log...
ANALYSIS: Frozen Beef Inventory Continues to Decline; Pork Stocks Edge Higher
ANALYSIS: Turkey Poult Placements Signal Ongoing Production Slump
UB Consulting: The Foodservice Industry – Are We in a Bubble?
UB Consulting: Will Chicken be the Winner in a Potential Economic Downturn?
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