China Unveils Retaliatory Tariffs Against $75 Billion Worth of U.S. Goods

Beginning September 1, 270 items will be imposed with a 10% tariff – including seafood, fish, crab and shrimp.  This will up tariffs on U.S. seafood to 35%. A second tariff list that does not include seafood is effective beginning December 15.

President Trump said...

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USDA Details Trade Damage Estimate Calculations

U.S. Secretary of Agriculture Sonny Perdue today announced that the U.S. Department of Agriculture (USDA) Office of the Chief Economist has published a detailed accounting of how estimated damage from trade disruptions was calculated for its support package for farmers announced on July 25, 2019. USDA’s Office of the Chief Economist developed an estimate of gross trade damages for commodities with assessed retaliatory tariffs by China, India, the European Union, and Turkey to set commodity payment rates and purchase levels. USDA employed the same approach often used in adjudicating World Trade Organization trade dispute cases. 

“Just as we did before, we want to be transparent about this process and how our economists arrived at the numbers they did. Our farmers and ranchers work hard to feed the United States and the world, and they need to know...

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Aug 23 11:22 AM, General News



Red Robin Gourmet Burgers Reports Results for the Fiscal Second Quarter

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 quarter ended July 14, 2019.

Second Quarter 2019 Financial Highlights Compared to Second Quarter 2018

  • GAAP earnings per diluted share were $0.08 compared to a $0.14 loss per diluted share;
  • Adjusted earnings per diluted share were $1.03 compared to $0.46;
  • Net Income was $1.0 million compared to a net loss of $1.9 million;
  • Adjusted EBITDA was $25.5 million compared to...
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Aug 23 8:24 AM, General News


Aug 23 9:12 AM, Urner Barry Video

Monthly Cold Storage Report;
Record Low Medium Breast Meat Values: What's Happening at Retail?;
Sponsored by Urner Barry's Prospector
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Walmart's Innovative Approach to Convenience Around the World

Shopping lists are increasingly including a new item: convenience.

The grocery industry is a great example. American shoppers average about 60 minutes spent shopping for food each week. To cut this time down, more and more of Walmart’s U.S. customers find themselves taking advantage of online shopping options like pickup and delivery.

But the U.S. isn’t the only place customers want convenience. Walmart Canada’s recent announcement to expand grocery delivery with Instacart demonstrates how quickly customers are responding to time-saving innovations in...

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Aug 23 8:18 AM, General News


AmazonFresh Expands to Houston, Minneapolis and Phoenix With 1- and 2-Hour Delivery

Amazon today announced that AmazonFresh has expanded to three new cities: Houston, Minneapolis and Phoenix. Beginning today, Prime members in those cities can shop tens of thousands products from meat and seafood to fresh produce and everyday essentials for free two-hour delivery from AmazonFresh.

“We’re thrilled to introduce AmazonFresh to Prime members in Houston, Minneapolis and Phoenix,” said Stephenie Landry, Vice President of AmazonFresh and Prime Now. “Prime members tell us they want their stuff even faster. We’re happy to deliver on that ask and can’t wait for customers in Houston, Minneapolis and Phoenix to take advantage of...

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Aug 22 9:50 AM, General News


BJ’s Wholesale Club Announces Second Quarter Fiscal 2019 Results

BJ’s Wholesale Club Holdings, Inc., today announced its financial results for the thirteen and twenty-six weeks ended August 3, 2019.

“Second quarter results for sales and earnings were in line with our expectations,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. "We delivered improved margins and continued to grow earnings as we executed against our strategic priorities. Our sales were particularly strong in the second half of the quarter as weather improved, and we ended with strong momentum. We are confident that we will deliver on our full-year expectations as we continue to...

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Aug 22 9:33 AM, General News


Hormel Foods Reports Third Quarter Results

Hormel Foods Corporation, a leading global branded food company, today reported results for the third quarter of fiscal 2019. All comparisons are to the third quarter of fiscal 2018 unless otherwise noted. Results reflect the divestiture of the CytoSport business. The impact of this transaction is excluded in the presentation of the non-GAAP measures below.

Executive Summary

  • Volume of 1.1 billion lbs., down 4%; organic volume down 1%
  • Net sales of $2.3 billion, down 3%; organic net sales flat
  • Pretax earnings of $261 million, up 1%
  • Operating margin of 11.2% compared to 10.9% last year
  • Effective tax rate of 23.6% compared to...
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Aug 22 9:11 AM, General News


Aug 22 8:48 AM, Urner Barry Video

Aramark Creates New Menus for Stadiums;
RTC Production: A Comparison Between Monthly and Weekly Data;
Sponsored by COMTELL's Phone App
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Aramark Tackles Game Day with 35 of the Hottest Items on Menus at NFL Stadiums

Game days are back and Aramark (NYSE: ARMK), the award-winning food and beverage partner of 11 NFL teams, is ready to welcome six million fans back to stadiums for the most awaited and delicious time of the year, football season.

Aramark, which serves more football fans than any other hospitality company, scouted recipes and food trends from coast to coast, to create new menus that reflect the flavor and tradition of the hometown teams and communities where they reside. Food trends and fan feedback guided Aramark’s culinary team through the off-season, which resulted in a fresh roster of...

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Aug 22 8:37 AM, General News


Domino's to Open New Workspace Dedicated to Collaborative Innovation

Domino's Pizza, the largest pizza company in the world based on global retail sales, has spent years focused on cutting-edge technology created and built largely by teams at its World Resource Center in Ann Arbor. Those cross-functional teams now have a new space called Domino's Innovation Garage where they can collaborate on, create and test new ideas to take the brand to the next level. Domino's Innovation Garage, located at Domino's Farms in Ann Arbor, will celebrate its grand opening on Wednesday, Aug. 21.

"Domino's Innovation Garage is focused on accelerating Domino's spirit of creativity and collaboration," said Kelly Garcia, Domino's chief technology officer. "As a pizza company with a focus on technology, we want our team members to have a workspace that encourages experimentation and...

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Aug 22 8:36 AM, General News


Dunkin’ Launches New Burrito Bowls

With autumn on the way, Dunkin’ is giving guests new innovative menu choices and returning fall favorites – perfect for powering through the change in season. Following the success of Dunkin’ Bowls, first available for a limited time earlier this year, Dunkin’ today launched new Burrito Bowls, served in two varieties full of delicious flavors, vegetables and protein for exciting new options for eating on-the-run. Dunkin’ is also delighting fans today by officially welcoming back its highly anticipated fall menu featuring all things pumpkin led by Pumpkin Flavored Coffees, new Cinnamon Sugar Pumpkin Signature Latte, baked goods, and more.

Introducing New Burrito Bowls

Available at participating Dunkin’ restaurants nationwide for a limited time, Dunkin’ is offering guests the choice of two new Burrito Bowls to pair with their favorite Dunkin’ beverages...

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Aug 21 11:34 AM, General News


Target Reports Second Quarter 2019 Earnings

Target Corporation today announced its second quarter 2019 performance, including comparable sales growth of 3.4 percent driven by a 2.4 percent increase in comparable traffic. The Company reported GAAP earnings per share (EPS) from continuing operations of $1.82 in second quarter 2019, up 22.0 percent from $1.49 in second quarter 2018. Second quarter Adjusted EPS of $1.82 was 23.9 percent higher than $1.47 in second quarter 2018. The attached tables provide a reconciliation of non-GAAP to GAAP measures. All earnings per share figures refer to diluted EPS.

  • Second quarter comparable sales grew 3.4 percent, driven by 2.4 percent traffic growth.
  • Comparable sales have grown approximately 10 percent over the last two years — the best performance in more than...
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Aug 21 8:50 AM, General News


Revention and DoorDash Team Up to Offer On-Demand Logistics Services

Revention, the industry-leading provider of restaurant ordering and management solutions, today announced its partnership with the largest and fastest growing last-mile logistics platform in more than 4,000 cities in the United States and Canada, DoorDash.

This partnership will provide restaurateurs the opportunity to grow their business by offering on-demand logistics and/or streamlining existing delivery operations to accommodate for peak times, unexpected surge of orders, downtime, and service outside of standard areas.'

The Revention and DoorDash partnership will significantly expand operational efficiencies for restaurateurs, with potential benefits including...

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Aug 21 8:12 AM, General News


Denny's Brings Back Super Slam Deal and Seasonal Offerings 

Today, Denny's is giving America another chance to enjoy more breakfast items for less with the return of the $5.99 Super Slam. Back by popular demand, the Super Slam is made with high-quality ingredients featuring two fresh eggs, two bacon strips, two sausage links, crispy hash browns and two fluffy buttermilk pancakes. An optional upgrade to seasonal favorite pumpkin pancakes is also available for only 49 cents. The Super Slam delivers the variety and outstanding value that Denny's is known for.

"At Denny's, we pride ourselves on offering our guests high-quality options at unbeatable prices," said John Dillon, chief brand officer for Denny's. "Our $5.99 Super Slam delivers the unique and hearty breakfast flavors our guests crave, without having to overspend to enjoy something special. For breakfast, lunch, dinner and...

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Aug 21 8:12 AM, General News


Aug 21 8:01 AM, Urner Barry Video

Analysts Predictions for the Monthly Cold Storage & Cattle on Feed Reports;
Salmon Landings in Alaska Have Reached More than 155.8 Million;
Sponsored by Obsono’s Market Insight Report
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Amazon Announces Plans to Expand in Utah with New Fulfillment Center in West Jordan

Amazon.com, Inc. today announced plans to open a new fulfillment center in West Jordan, Utah creating more than 800 full-time jobs starting at $15 an hour with comprehensive benefits starting on day one. Amazon currently employs more than 2,000 full-time associates throughout the State of Utah.

“We’re excited to open a new, state-of-the-art fulfillment center in West Jordan and to continue innovating in a state committed to providing great opportunities for jobs and customer experience. Utah has a talented workforce, and we are very excited to grow employment beyond the more than 2,000 associates already serving customers in the state,” said Alicia Boler Davis, Amazon’s Vice President of Global Customer Fulfillment.

“We are pleased that Amazon has chosen Utah again for such a strategic part of Amazon’s business by setting up another fulfillment center in West Jordan. As the ‘Crossroads of the West,’ Utah is the perfect place for companies in the...

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Aug 20 9:03 AM, General News


Aug 20 8:35 AM, Urner Barry Video

Target Unveiled Good & Gather, a New Food and Beverage Flagship Brand;
NOAA Settled with Carlos “The Codfather” Rafael;
Sponsored by The Meat Buyer's Guide Online
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Taco Del Mar Goes “Beyond Meat” with New Taco Made with Plant-Based Protein

Taco Del Mar is introducing plant-based protein to its current vegetarian and vegan menu with its new Beyond Meat Taco. Beginning August 20, the taco chain will be testing its new offering at 10 restaurant locations, spread between Seattle, WA and Vancouver, BC.

The Beyond Meat Taco features the popular plant-based Beyond Beef Feisty Crumbles mixed with medium chipotle salsa, diced onions and minced serrano peppers, topped with shredded cheddar and Monterey jack cheese, shredded lettuce, pico de gallo and jalapeños served on warm corn tortillas. The plant-based protein is also available...

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Aug 20 8:21 AM, General News


Target Introduces Food and Beverage Brand 

Target Corporation today announced the introduction of Good & Gather, Target’s largest owned Food & Beverage brand. Grounded in guest research, the flagship brand will offer a wide range of food and beverage products that prioritize taste, quality ingredients and ease, at a great value. Good & Gather will be available in stores and online on Target.com for same-day delivery beginning September 15, 2019.

“Our guests are incredibly busy and want great-tasting food they can feel good about feeding their families,” says Stephanie Lundquist, executive vice president and president, Food & Beverage, Target. “We saw this as a huge opportunity for Target to help. So our team got to work on our most ambitious food undertaking yet, reimagining our owned food brands to serve up...

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Aug 19 10:20 AM, General News


FAT Brands Continues Expansion in Pakistan With 5-Unit Development Deal

FAT(Fresh. Authentic. Tasty.) Brands Inc, parent company of Fatburger, The Last Great Hamburger Stand, announces today the development of five co-branded Fatburger and Buffalo’s Express concepts in Pakistan. In partnership with Crescent Star Foods (Pvt), the co-branded restaurants will increase the brand’s presence in Pakistan to six restaurants.

Hollywood's iconic Fatburger is best known for its mouthwatering, juicy burgers made famous by founder Lovie Yancey in Los Angeles more than 70 years ago. Each Fatburger is made-to-order with traditional fixings and delicious add-on items such as bacon, onion rings, cheese and egg. Buffalo’s Express further complements Fatburger’s menu offerings with...

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Aug 19 9:18 AM, General News


HelloFresh Adds Beyond Meat to Menu Line-Up

HelloFresh, the leader in delivering delicious ingredients and easy-to-follow recipes to households worldwide, today announced the introduction of the Beyond Burger from Beyond Meat, a market leader in the plant-based meat category. Offered as part of HelloFresh’s premium Craft Burger collection, HelloFresh customers can now order the first recipe Goudalicious Beyond Burgers paired with Potato Wedges and Creamy Mustard Aioli, which will begin shipping to customers nationwide the week of September 14, 2019.

“We are always looking to expand our menu offerings and provide customers with exciting, new recipe choices that appeal to a variety of palates and eating preferences,” said Marcel Comtois, Vice President of Procurement, HelloFresh US. “With the addition of the Beyond Burger to our menus, we’re excited to give our home cooks the opportunity to...

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Aug 19 9:05 AM, General News


Aug 19 8:45 AM, Urner Barry Video

Consumers Stepping up Meat Case Purchases for Football Preseason;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
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This Week in Retail: Prepare for Pre-Season Protein Demand

We’re halfway through August, but protein demand doesn’t expire with the summer season. In fact, consumers may even be stepping up their purchases at the meat case as the NFL preseason is officially underway! And the regular season is just around the corner.

It’s been six long months since fans were treated to their favorite teams facing off on the gridiron. Now, everyone is getting in on the action. Retailers across the board are running promotions to capitalize on the return of football frenzied spending.

Grocers are changing up end caps from summer smore displays to game day essentials. Grilling ads are shifting from summer barbecues in the backyard to...

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Aug 19 8:11 AM, UB Newswires


Aug 16 8:18 AM, Urner Barry Video

July Retail Sales Show Strong Gains;
Cold Storage Holdings: A Prognosticator of Wing Performance?;
Sponsored by Urner Barry's Prospector
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July Retail Sales Show Strong Gains

Retail sales were up 0.9 percent in July seasonally adjusted from June and up 5.6 percent unadjusted year-over-year, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.

“July’s strong results are consistent with a confident consumer,” NRF Chief Economist Jack Kleinhenz said. “Households are in good shape with spending and that should continue as long as the labor market remains healthy. But it’s important to remember that today’s data is looking backward at what was happening a month ago. The impact of volatile financial markets and increased trade tensions in recent weeks may put a wind of caution in consumer spending as...

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Aug 16 8:15 AM, General News


SpartanNash Announces Second Quarter 2019 Financial Results

SpartanNash Company today reported financial results for the 12-week second quarter and 28-week period ended July 13, 2019.

“Consistent with our comments in the press release issued earlier this week, the Board of Directors and I remain confident in the Company’s overall strategic direction,” said Dennis Eidson, Interim President and Chief Executive Officer. “I am excited to work with our team of talented associates as we focus our efforts on improved execution, while continuing to...

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Aug 16 8:15 AM, General News


Food Lion to Expand "To-Go" Grocery Pick-Up Service at Multiple Stores

Food Lion continues to expand its “Food Lion To-Go" grocery pick up service at multiple area locations beginning August 19, 2019.

A ribbon cutting ceremony will be held at each location at 8:45 a.m. on August 19th, and to help introduce customers to this new service, Food Lion is offering shoppers their first pickup for free.

The launch of this new, convenient service enables Food Lion to continue to deliver on its promise to ensure an easy, fresh and affordable grocery shopping experience, and it allows customers to order and pick up their groceries in as little as an hour.

“We are so excited to expand this convenient service to more stores in the Food Lion footprint and enable customers to spend more time...

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Aug 16 8:15 AM, General News


Aug 15 8:46 AM, Urner Barry Video

National Retail Federation Responds to Tariff Delay;
Turkey Thigh Meat and Boneless Pork Hams At a Crossroads;
Sponsored by COMTELL's Phone App
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Walmart Releases Q2 FY20 Earnings

Total revenue was $130.4 billion, an increase of $2.3 billion, or 1.8%. Excluding currency, total revenue was $131.7 billion, an increase of $3.7 billion, or 2.9%.

Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth.

Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery.

Sam's Club comp sales increased 1.2%, and eCommerce sales grew 35%. Reduced tobacco sales negatively affected...

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Aug 15 8:29 AM, General News


Fast Food Ranked in Top 40% of All Industries in MBLM's Brand Intimacy Study

The fast food industry ranked sixth out of the 15 industries studied in MBLM's Brand Intimacy 2019 Study, which is the largest study of brands based on emotion. Brand Intimacy is defined as the emotional science that measures the bonds we form with the brands we use and love. Chick-fil-A rose to the #1 spot in fast food followed by Dunkin'. Starbucks dropped to third after ranking first for the previous two years. The top 10 for the industry was rounded out by: McDonald's, Taco Bell, Subway, Wendy's, Burger King, Chipotle and KFC.

Chick-Fil-A also ranked 10th in the overall industry. In addition to performing well in MBLM's study, the brand increased its revenue at a 15% annual rate from 2010 to 2018, while the industry as a whole only grew by 3.4%.1 In 2018, Chick-fil-A also reported more than $10 billion in revenue, its 51st consecutive year of sales growth.2 This correlates to the study findings, which revealed that...

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Aug 15 8:20 AM, General News


Ruby Tuesday to Roll Out Two New Meals for a Limited Time

To reach both current and new guests capitalizing on the Ruby Tuesday commitment to flavor and freshness, Ruby Tuesday is rolling out the flavor-filled Cheesy Crunch Burger and Honey Crunch Chicken Sandwich across 460 participating locations for a limited time only, Aug. 19 through Sept. 23. Combining highly appealing ingredients that are both crunchy and spicy, the new items focus on big flavor at an everyday value price of $7.99.

“We want to create meals that highlight the brand’s belief that fresh is best, flavor is key and comfort is a must,” said Jenifer Boyd Harmon, chief marketing officer for Ruby Tuesday. “In addition, we wanted to remind consumers that Ruby Tuesday offers value you can count on without compromising...

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Aug 15 8:19 AM, General News


Food And Beverage Industry Seen As Growth Market in U.S. Retail Real Estate Sector

A healthy appetite for food and beverage businesses continues to fuel significant growth in one of the hottest areas in the U.S. retail real estate sector, according to BBG, a leading due diligence commercial real estate firm.

In U.S. cities across the country, more restaurants, bars and grocery stores are opening or expanding operations to meet growing demand for these services, as a result of an ongoing demographic shift in how and where people live, work and play.

That has led to these businesses growing their share of total retail spending, from 24.3 percent during the past decade, compared with 22.7 percent prior to the 2007-2008 recession, according to one recent industry report. F&B sales now account for nearly...

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Aug 15 8:19 AM, General News


Five Guys and Postmates Partner for National On-Demand Delivery

Postmates, the leader in enabling anyone to have nearly anything delivered on-demand, announced today that it has partnered with Five Guys to enable national on-demand delivery, including an integration with ItsaCheckmate. Five Guys and Postmates customers will now find Five Guys locations across the country integrated into the Postmates feed, making it simple to find your favorite burgers and fries.

"We are thrilled to launch our integrated partnership with Five Guys for on-demand delivery," said Dan Mosher, SVP, Merchant Lead, Postmates. "Five Guys is an incredible family-run business that has a dedicated following and is extremely popular on the Postmates platform."

The Postmates Data and Analytics team dug into the data to uncover these Five Guys Delivery Facts...

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Aug 15 8:18 AM, General News


Secretary Perdue Swears in USDA’s Principal Deputy Chief Financial Officer Scott Soles

U.S. Secretary of Agriculture Sonny Perdue today administered the oath of office to swear in Scott Soles to serve as the U.S. Department of Agriculture’s (USDA) Principal Deputy Chief Financial Officer.

“Scott Soles brings decades of experience with him to Washington and we are excited to welcome him to our USDA team,” Secretary Perdue said. “With over 30 years of experience in internal and external financial auditing, consulting, and finance operations, Scott will bring valuable...

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Aug 15 8:18 AM, General News


U.S. Consumers’ Desire to Use Food as Medicine is Evidenced by Emerging Superfoods

While it is commonly understood that good nutrition promotes general health, consumers are becoming increasingly aware of how their food and beverage choices can help them manage and, in some cases, reverse certain medical conditions, according to health and wellness research by The NPD Group. NPD finds that about a quarter of U.S. adults are trying to manage a health or medical condition by making healthy food and beverage choices.

Younger adults, ages 18-24, are particularly interested in using foods to improve their health. Last year young adults chose foods and beverages with healthy profiles for 19 percent of their meals and in-between snacks. For example, nine percent of adults say a top nutrition goal is protecting brain health and when asked about foods that promote brain health, young adults were 45 percent more likely to...

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Aug 15 8:15 AM, General News


Kraft Heinz Reports Preliminary Financial Results for the First Half Of 2019

The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported preliminary financial results for the first half of 2019 that reflected lower net sales despite improving consumer takeaway trends in key markets, as well as the adverse impacts of ongoing cost inflation, greater investments, and higher depreciation and amortization expenses. Results also included preliminary non-cash impairment charges related to goodwill and intangible assets that more than offset a one-time gain on the sale of the Company's India nutritional beverages business.

“The level of decline we experienced in the first half of this year is nothing we should find acceptable moving forward," said Kraft Heinz CEO Miguel Patricio. "We have significant work ahead of us to set our strategic priorities and change...

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Aug 14 10:04 AM, General News


Applebee’s Nationwide Delivery Has Arrived

Applebee’s Neighborhood Grill + Bar just made dining at home or on-the-go easier, more convenient and more flavorful with Applebee’s Delivery℠ available at participating restaurants nationwide. Now, wherever you are, you can order online at Applebees.com or through the mobile app and Applebee’s Delivery, powered by DoorDash, will have your favorite mouthwatering Boneless Chicken Wings and Loaded Shrimp Fajitas delivered to your door hot and fresh. For those meals when you’re too tired to cook or just don’t want to pack the family in the car, Applebee’s Delivery has your back.

Applebee’s is celebrating the news in two big ways. First, hungry fans can take advantage of free delivery now through Sunday, September 1 when ordering Applebee’s Delivery. And to commemorate Applebee’s new partnership with NBC Sports’ Football Night in America, free delivery will continue...

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Aug 14 9:28 AM, General News


Aug 14 8:35 AM, Urner Barry Video

Oregon Requiring All Eggs Sold Within State to Come from Cage-free Facilities;
Kroger Outlines the Grocery Retailer’s Sustainability Efforts;
Sponsored by Obsono’s Market Insight Report
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Performance Food Group Reports Fourth-Quarter and Full-Year Fiscal 2019 Results

Performance Food Group Company today announced its fourth-quarter and full-year fiscal 2019 business results. “Fiscal 2019 was a successful year for PFG, and I’m very pleased with our team’s execution,” said George Holm, PFG’s Chairman, President and Chief Executive Officer. “Our strong top-line growth, combined with increased gross profit per case, led to profitability at the high end of our expectations for the year. Our core business segments delivered strong financial results led by Vistar’s double-digit EBITDA growth. Looking ahead to fiscal 2020, we believe our two recently announced strategic acquisitions position us well across our business and we expect fiscal 2020 to be another year of solid earnings growth.”

Fourth-Quarter Fiscal 2019 Highlights

  • Total case volume grew 9.2%
  • Net sales increased 28.4% to $5.9 billion
  • Gross profit improved 14.4% to...
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Aug 14 8:26 AM, General News


FAT Brands Reports Fiscal Second Quarter 2019 Financial Results

FAT Brands Inc. today reported fiscal second quarter 2019 financial results for the 13-week period ending June 30, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased to report that the considerable growth in revenues was matched by an equally robust increase in adjusted EBTDA and that we leveraged our G&A expenses on our expanded top-line.”

Wiederhorn continued, “We are also excited to have closed on our acquisition of Elevation Burger in June. The brand is well-aligned with our own commitment to fresh, authentic, tasty food and we are confident that it has considerable opportunity to expand domestically and internationally with its organic, free-range, grass-fed offerings. Elevation Burger reflects another synergistic opportunity for...

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Aug 14 8:19 AM, General News


Retailers Respond to Tariff Delay Ahead of Holiday Season

The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French after the Trump administration announced it would delay new tariffs on certain consumer products until December 15. Tariffs on other products are scheduled to take effect September 1.

“While we are still reviewing the details, we are pleased the administration is delaying some tariffs ahead of the holiday season and acknowledging the impact on American consumers. Still, uncertainty for U.S. businesses continues, and tariffs taking effect September 1 will result in higher costs for American families and slow the U.S. economy. During this delay period, we urge the administration to...

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Aug 14 8:17 AM, General News


Tyson Foods Appoints New Prepared Foods Leader

Tyson Foods has named Chief Marketing Officer Noelle O’Mara to lead its growing prepared foods business.

O’Mara’s new role involves managing all aspects of Tyson Foods’ $9 billion prepared foods business, which includes billion-dollar brands Tyson, Jimmy Dean, and Hillshire Farm. The job also includes oversight of one-third of Tyson Foods’ manufacturing facilities and more than 25,000 team members.

O’Mara has more than 17 years of general management experience that includes profit and loss responsibility, food marketing and innovation. She joined Tyson Foods in April 2016 as vice president, new business models. She served as general manager and senior vice president of the Tyson and Jimmy Dean business units before being named...

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Aug 14 8:15 AM, General News


UNFI Announces Management Changes

United Natural Foods, Inc. today announced changes to its senior management team. Mike Zechmeister will resign his position as Chief Financial Officer, effective August 23, 2019, to pursue an opportunity outside the Company. John W. Howard has been appointed Interim Chief Financial Officer while the Company begins an internal and external search for Mr. Zechmeister's permanent replacement. Mr. Howard joined UNFI in July as Senior Vice President, Finance and Accounting.

Steven L. Spinner, UNFI's Chairman and Chief Executive Officer said, "I thank Mike for his contributions to UNFI over the past four years of significant growth and change. In the near term, we're fortunate to have John's experience and financial acumen available to...

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Aug 13 9:07 AM, General News


Domino's Launches National E-Bike Program for Pedal-Powered Delivery

Domino's Pizza, the largest pizza company in the world based on global retail sales, knows a thing or two about pizza delivery, including the fact that cars aren't always the most efficient way to get hot, delicious pizzas to hungry customers. A bike is often a better solution to traffic congestion and parking challenges. Domino's stores across the nation will soon have the option to use custom e-bikes for pizza delivery through a partnership with Rad Power® Bikes – North America's largest e-bike brand.

"Domino's tested e-bikes in a number of corporate-owned stores across Houston, Miami and New York earlier this year, and those stores saw improvements in overall delivery and service," said Tom Curtis, Domino's executive vice president of corporate operations. "They also experienced labor benefits, as the stores were able to hire from a wider pool of candidates, including those who...

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Aug 13 9:01 AM, General News


Aug 13 8:56 AM, Urner Barry Video

Smithfield Foods Launches Plant-Based Products;
Haddock Prices Strengthening Amid Supply Issues;
Sponsored by The Meat Buyer's Guide Online
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Sysco Acquires J. Kings Food Service Professionals

Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, today announced it has acquired J. Kings Food Service Professionals, a New York broadline distributor with approximately $150 million in annual sales.

J. Kings Food Service Professionals, headquartered in Holtsville, New York, was founded by John King more than 45 years ago. Today, the company has grown to one of the leading independent broadline distributors in the New York area, also servicing customers in Connecticut and New Jersey. The majority of the company’s customers are independent restaurant operators, but the company also serves institutional, retail and multi-unit customers.

“J. Kings is a well-respected, New York area broadline distributor, and we are happy to welcome them into the Sysco family of businesses,” said Greg Bertrand, Sysco’s executive vice president, U.S. foodservice operations. “As Sysco continues to focus on...

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Aug 13 8:54 AM, General News


Yum! Brands Announces CEO Succession Plan to Drive Next Chapter of Global Growth 

Yum! Brands, Inc. (NYSE: YUM) today announced that its Board of Directors has unanimously elected David Gibbs as Chief Executive Officer, effective January 1, 2020, and appointed him to the Company’s Board, effective November 1, 2019. Gibbs, 55, who currently serves as Yum! Brands President and Chief Operating Officer and oversees the global KFC, Pizza Hut and Taco Bell divisions, will succeed Greg Creed, 62, who has announced his decision to retire at the end of 2019 after a successful 25-year career with the Company.

“I’ve had the privilege of partnering with our franchisees to grow the three iconic brands within the Yum! Brands portfolio for over 30 years and am honored to follow in Greg’s footsteps,” Gibbs said. “It's thanks to Greg’s terrific leadership and innovative brand building during some of the most pivotal moments in our history that Yum! Brands has emerged as...

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Aug 13 8:15 AM, General News


Smithfield Foods Launches Plant-Based Protein Portfolio Under Pure Farmland Brand

Smithfield Foods, Inc. today announced that it is launching a plant-based protein portfolio under the company’s Pure Farmland brand. The new line comes in a variety of breakfast patties, meatballs, burger patties, and pre-seasoned protein starters to help consumers grow their plant-based protein options for all meal occasions, including breakfast, lunch, dinner, and appetizers.

The brand-new Pure Farmland soy-based line features eight fresh, versatile, juicy, and flavorful products. Proudly crafted in the USA, all items are made with natural flavors, are gluten and dairy free, and serve as a good source of protein. Given that soy is a complete protein, it provides levels of all essential...

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Aug 13 8:15 AM, General News


CHART: Industry Expectations for Hog Slaughter

 

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Aug 12 3:45 PM, Urner Barry


CHART: Industry Expectations for Cattle Slaughter

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Aug 12 3:37 PM, Urner Barry


Applebee's Offers Handcrafted Burger Deal for a Limited Time 

Applebee’s has mastered the art of crafting craveable burgers with its Handcrafted Burgers, which are made to order with premium toppings stacked high. Each burger at Applebee’s is made tastier and more flavorful with 100% fresh and never frozen ground beef, smashed on the grill to seal in the juicy goodness, and served with endless classic fries.

Leading the pack is Applebee’s own Quesadilla Burger, available for a limited-time price of only $7.99, starting today. The restaurant’s original creation is part burger, part quesadilla, piled high with Pepper Jack cheese, Applebee’s signature Mexi-ranch sauce, crispy Applewood-smoked bacon, house-made pico de gallo and shredded lettuce in a crisp, warm Cheddar quesadilla. To top it off, this limited-time deal also includes...

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Aug 12 9:45 AM, General News


SpartanNash Announces Leadership Transition

SpartanNash Company (Nasdaq: SPTN) (“SpartanNash” or the “Company”) today announced that its Board of Directors has appointed the Company’s Chairman, Dennis Eidson, to the additional roles of Interim President and CEO, effective immediately. Mr. Eidson will serve in these additional roles until the next CEO is identified. Mr. Eidson served as CEO from 2008-2017, and previously served as SpartanNash’s President, Chief Operating Officer and Executive Vice President of Marketing and Merchandising during his 16-year tenure with the Company. The Board also announced that it has accepted the resignation of President and CEO, Dave Staples, who is leaving the Company and the SpartanNash Board.

“The Board remains confident in the Company’s strategic direction and its ability to generate top line growth; however, execution has fallen short of our expectations and we believe that now is the time for...

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Aug 12 9:36 AM, General News


Sysco Reports Fourth Quarter and Full Year 2019 Results

Sysco Corporation (NYSE: SYY) today announced financial results for its 13-week fourth fiscal quarter and its fiscal year ended June 29, 2019.

Fourth Quarter Fiscal 2019 Highlights

  • Sales increased 1.0% to $15.5 billion
  • Gross profit increased 2.1% to $3.0 billion; gross margin increased 21 basis points
  • Operating income increased 5.4% to $720.5 million; adjusted¹ operating income increased 6.6% to $818.1 million
  • EPS increased $0.18 to $1.03; adjusted EPS increased...
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Aug 12 9:22 AM, General News


Tyson Foods to Rebuild Kansas Beef Plant and Pay Workers Following Fire

A fire partly destroyed the Tyson Foods beef plant in Holcomb, Kansas on Friday, August 9. The plant will be down indefinitely, however; the company plans to rebuild the plant at the same location. Officials are still assessing the damage, so it’s too early to establish a timeline, but work to clear damage has already begun.

“This is a difficult time for our team members and their families, and we want to ensure they’re taken care of,” said Steve Stouffer, group president of Tyson Fresh Meats. “Today, we will notify our full-time, active team members that they’ll be paid weekly until production resumes.”

Stouffer said the team members may be called on to work during this time to help with clean-up and other projects, but regardless of the hours worked, all full-time active employees are...

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Aug 12 9:11 AM, General News


Aug 12 9:02 AM, Urner Barry Video

Retail Imports to Continue at Near-record Levels;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
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Kansas Beef Plant Fire Could Weigh on Cattle Market Near-Term

A large fire occurred Friday at the Tyson Foods beef plant in Holcomb, Kansas, forcing the evacuation of all workers and closure of the facility for an undetermined period.

The loss of that plant means that, at least temporarily, the industry will likely process around 6,000 fewer cattle per day, which could weigh on the cash market and possibly near-term futures as well. The market could react bearishly to the news since fed cattle supplies will have to be absorbed by fewer plants operating for an as yet undetermined time. However, less beef output could also push up wholesale prices for beef. 

The industry has been processing an average of about...

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Aug 12 8:19 AM, UB Newswires


Nathan's Famous, Inc. Reports First Quarter Results

Nathan's Famous, Inc. (“Nathan’s”, the “Company”,  today reported results for its first fiscal quarter ended June 30, 2019.

For the thirteen-week period ended June 30, 2019 (“first quarter fiscal 2020”):

  • Revenues were $30,518,000, as compared to $30,168,000 during the thirteen weeks ended June 24, 2018;
  • Income from operations was $9,448,000, as compared to $9,087,000 during the thirteen weeks ended June 24, 2018;
  • Adjusted EBITDA1 , a non-GAAP financial measure, was $10,173,000 as compared to $9,595,000 for the thirteen weeks ended...
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Aug 9 9:32 AM, General News


Smithfield Foods Donates More Than 50,000 Pounds Of Protein To Central Illinois Foodbank

Smithfield Foods, Inc. donated more than 50,000 pounds of protein to Central Illinois Foodbank. Smithfield’s contribution is part of the company’s 2019 Helping Hungry Homes® donation tour, Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure. The donation, equivalent to more than 200,000 servings of protein, will help families fight hunger across the state.

“Central Illinois Foodbank aims to provide food and develop awareness of and creative solutions for food insecurity throughout our 21-county service area..."

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Aug 9 9:26 AM, General News


Aug 9 9:10 AM, Urner Barry Video

Meat Alternatives Have Made a Big Splash in Consumer Packaged Goods;
“Smart” Poultry Houses Influential in Seasonally Heavy Bird Weights;
Sponsored by Urner Barry's Prospector
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Retail Imports Remain at Near-Record Levels Despite Tariffs

Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Even with virtually everything American imports from China soon to be subject to tariffs, it isn’t quick or easy for retailers to change their supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “That means American families are ultimately going to pay more for goods they can’t do without. And even if sourcing eventually shifts away from China, it will simply come from other countries. It’s time to stop punishing American businesses, workers and families for China’s wrongdoing.”

President Trump announced last week that new 10 percent tariffs on an additional $300 billon in Chinese goods will take effect on September 1. Coupled with 25 percent tariffs imposed on...

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Aug 9 8:31 AM, General News


Technomic: Beverage Category Ripe with Opportunity 

Beverages have always played a significant role in foodservice and the category is continuously evolving. Technomic’s recently released Away-from-Home Beverage Study covers how consumer demands and business conditions have shifted within the past few years.

“Beverage growth has outpaced that of foodservice within the past few years thanks to innovative options such as nitro coffee, plant-based milks and other alternative beverages entering this space,” explains David Henkes, principal at Technomic. “Although challenges like third-party delivery are encroaching on beverage occasions, the category has a lot of opportunities available through offering a wide variety of innovative beverage options to their guests.”

Key takeaways from the report include...

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Aug 9 8:04 AM, General News


New Facility to Boost Tyson Foods’ Automation and Robotics Efforts

Tyson Foods, Inc. (NYSE: TSN) has created a new, state-of-the-art facility designed to help the company develop more automation and robotics for its food production plants.

The Tyson Manufacturing Automation Center (TMAC) officially opened in downtown Springdale today. The center provides space for the development of new manufacturing solutions and collaboration with the company’s information technology team and equipment suppliers. It also serves as a location for team member training on new technology.

The investment is part of Tyson Foods’ focus on continuous improvement. The development of new technology and processes will help improve...

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Aug 9 8:04 AM, General News


Sodexo Launches Impossible Burger Menu at More than 1,500 U.S. Locations

Sodexo will be debuting a new product line featuring the Impossible Burger at more than 1,500 locations in the United States. The new menu will launch on August 19th with eight plant-based products, including a sausage muffin sandwich, sausage gravy and biscuits, steakhouse burger, and creole burger. The menu will be offered at colleges, universities, healthcare, and corporate services accounts.

Rob Morasco, Sodexo's Senior Director of Culinary Development, said, "Sodexo is committed to providing customers with more plant-forward and sustainable options as part of their diet, and we are excited to expand our menu to include the Impossible Burger's flavorful blend, which will...

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Aug 8 9:43 AM, Urner Barry


Nielsen: Meet the New "Meat" Eater

Meat alternatives have made a big splash in consumer packaged goods (CPG), and sales are on the rise. But are manufacturers and retailers doing enough to educate consumers in this space? Getting consumers to try trendy plant-based foods is one thing, but encouraging long-term adoption and lifestyle change is another.

Today’s shoppers are, in many cases, omnivores, but they’re playing the field when it comes to exploring meat alternatives in their search for dietary protein. In fact, protein-seeking consumers are more likely than ever to consider all the options available to them. Nielsen Homescan consumer purchase metrics indicate that 98% of meat alternative buyers in America also purchase meat products. Conversely, 21% of U.S. meat buyers, also purchase...

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Aug 8 9:26 AM, General News


Aug 8 9:11 AM, Urner Barry Video

Heavy Hams Have Had an Anomaly of a Summer;
Turkey Demand Drives YoY Export Advances;
Sponsored by COMTELL's Phone App
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US Foods Launches US Foods Direct

US Foods Holding Corp. (NYSE: USFD) today announced the addition of US Foods Direct to the company’s exclusive e-commerce platform. This new offering is integrated into US Foods’ online ordering platform, providing operators with an endless aisle of more than 40,000 specialty products and counting. US Foods Direct gives operators easier access to hard-to-find ingredients, such as specialty spices, seasonings, herbs, pastas, flours, sauces or oils, and innovative, on-trend items such as plant-based proteins, dairy-free or vegan alternatives, and gluten-free products. With US Foods Direct, operators now have a one-stop shop for distinctive ingredients that will set their menu apart from the competition.

Sixty-three percent of foodservice operators say they want to improve on offering something different from the competition. Unfortunately, for many operators who are searching for unique ingredients, this can mean sourcing products from other specialty food channels which require longer lead times and additional resources. With sixty two percent of operators reporting...

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Aug 7 10:07 AM, General News


The Wendy's Company Reports Second Quarter 2019 Results

The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the second quarter ended June 30, 2019.

"We delivered another quarter of strong earnings growth and are pleased with our continued progress to build an even stronger foundation for the Wendy's® brand," President and Chief Executive Officer Todd Penegor said. "We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model . Our relentless focus on bringing every element of The Wendy's Way to life by providing...

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Aug 7 9:20 AM, General News


Top Taste Food Warehouse Recalls Meat and Poultry Products 

Top Taste Food Warehouse, a Brooklyn, N.Y. establishment, is recalling an undetermined amount of pork and chicken dumpling product because they were produced, packed, and distributed without the benefit of USDA inspection and used the mark of inspection without authorization, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen pork with vegetable dumpling and the chicken with vegetable dumpling items were produced July 30, 2018 through July 31, 2019. The following products are subject to recall...

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Aug 7 9:10 AM, General News


Aug 7 9:07 AM, Urner Barry Video

U.S. Pork, Beef Exports Finish Strong in First Half;
Maine Lobster Season Impacts New Shell Prices;
Sponsored by Obsono’s Market Insight Report
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Subway and Beyond Meat Unveil Partnership and the Beyond Meatball Marinara 

Subway fans know they can customize their favorite sub to fit any lifestyle and now guests have even more options. Today, Subway unveils a new culinary innovation partnership with Beyond Meat to test exclusive plant-based protein options. Starting this September and for a limited time only, Subway restaurants will test the Beyond Meatball Marinara sub in 685 participating restaurants in Canada and the U.S.

The strategic collaboration with Beyond Meat reflects Subway's continued culinary innovation journey to offer guests even more best-in-class food experiences that they can only find at Subway restaurants. In the past month, Subway has announced exclusive partnerships to offer...

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Aug 7 9:00 AM, General News


Papa John's Announces Second Quarter 2019 Results 

Papa John’s International, Inc. (NASDAQ: PZZA)today announced financial results for the three and six months ended June 30, 2019.

Highlights

  • Second quarter 2019 earnings per diluted share of $0.15
  • Excluding Special items, adjusted earnings per diluted share of $0.28 compared to $0.48 for the second quarter of 2018
  • Second quarter system-wide North America comparable sales decrease of 5.7%
  • Second quarter international comparable sales increase of...
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Aug 7 8:20 AM, General News


Aramark Acquires On-Demand Food Delivery Service, Good Uncle

Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, today announced the acquisition of privately-held Good Uncle, an innovative, app-based on-demand food delivery service that brings freshly prepared, restaurant quality meals to conveniently located pick-up points around college campuses. The addition of this concierge service to the Aramark portfolio furthers the company’s commitment to advancing innovation through culinary-and technology-driven solutions that better serve customers and clients.

“We are pleased to welcome the Good Uncle team to the Aramark family. As consumer dining habits evolve, we’re continually looking for new ways to disrupt the marketplace with innovative services,” said Eric J. Foss, Aramark’s Chairman, President and CEO. “Good Uncle strengthens our ability to offer...

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Aug 7 8:17 AM, General News


High Consumer Expectations, Low Levels of Appreciation Make it Tough to Be a Farmer

Add conflicting consumer expectations to the list of reasons farming is a tough row to hoe. In its new global study, Cargill found consumers had a hard-to-satisfy wish list for those who put food on our tables—with most claiming to feel knowledgeable about how our food is raised. Farmers should care most about “providing safe, healthy, abundant and affordable food,” said a majority of survey takers. Yet those same respondents would prefer their food come from smaller/specialty, local or organic farms—which can’t necessarily compete on cost.

“Farmers are foundational to feeding the world in a safe, responsible and sustainable way,” says Pilar Cruz, president of Cargill’s feed and nutrition business. “But they do so under pressure. On one hand, affordable food is central to many families’ budgets. On the other, people are questioning the farming approaches that have made food more available and affordable. Cargill sees all viewpoints because we partner with...

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Aug 7 8:16 AM, General News


Meal Kits and Online Grocery Shopping Revitalize Interest in Home Cooking

More than half of U.S. adults claim they really enjoy cooking (53%) and more than a third consider the kitchen to be the most important room in the home (35%), according to data in the new report Eating Trends: Cooking & Food Shopping from market research firm Packaged Facts. These percentages are up compared to a decade ago.

Packaged Facts found that most people who don't cook at home either have a lack of time to grocery shop and meal prep or they lack confidence in their cooking skills. The latter reason is especially prevalent among Gen Z adults (ages 18-24) and to a lesser extent Millennials (ages 25-39).

The meal kit industry is arguably the best example of a food industry segment that's making it easier for adults to start cooking more at home again. The products are marketed to emphasize...

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Aug 7 8:16 AM, General News


Strong Finish to First Half for U.S. Pork, Beef Exports

U.S. pork and beef exports were above year-ago levels in both volume and value in June, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Led by a rebound in Mexico and China, pork export value was the highest in 14 months, while strong results in South Korea and Taiwan pushed beef export value to the fourth-highest total on record.

June pork exports posted double-digit gains in both volume and value, reaching 212,887 metric tons (mt), up 11% year-over-year, valued at $569.2 million (up 12%). For the first half of 2019, pork exports remained 2% below last year in volume (1.25 million mt) and were down 6% in value to $3.14 billion.

Pork export value averaged $56.99 per head slaughtered in June, up 7% from a year ago and the highest monthly average since April 2018. First-half export value averaged $50.05 per head, down...

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Aug 6 10:00 AM, General News


Aramark Reports Third Quarter Results

Aramark (NYSE: ARMK) today reported third quarter fiscal 2019 results.

“Our performance in the third quarter was strong and broad-based, anchored in a relentless focus on innovative growth strategies that directly engage the millions of consumers we serve every day,” said Eric J. Foss, Aramark’s Chairman, President and CEO. "We continue to advance our brand and product offerings as part of our commitment to combine technology, convenience and curation across our portfolio. This disciplined approach, combined with the exemplary efforts of our global team members, drove solid year-to-date results, positioning us well to achieve our full year expectations.

“The foundation we are creating provides us with ample opportunity to infuse sales growth and optimize our investments to scale the business,” Foss added. “As a testament to our enhanced...

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Aug 6 9:49 AM, General News


US Foods Reports Second Quarter Fiscal 2019 Earnings

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2019.

Second Quarter Fiscal 2019 Highlights

  • Total case volume increased 1.7%; independent restaurant case volume increased 4.8%
  • Net sales increased 4.6% to $6.4 billion
  • Gross profit increased 2.5% to $1.1 billion
  • Income before income taxes decreased $7 million to $154 million
  • Net income decreased $10 million to $116 million
  • Adjusted EBITDA increased 6.7% to...
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Aug 6 9:39 AM, General News


QDOBA Mexican Eats Launches New Keto, Vegan, and Double Protein Bowls

QDOBA Mexican Eats, a leading Mexican fast-casual chain, is adding three new chef-inspired bowls to its restaurants systemwide. Following the successful introduction of Impossible™ – a plant-based protein – to its menu, the brand continues to expand its lifestyle options to fit guests’ varying lifestyles. QDOBA’s latest creations include:

  • Smoked Brisket Keto Bowl: Smoked brisket and hand-smashed guacamole sit on a bed of crisp lettuce, topped with made in-house pico de gallo, salsa verde and shredded cheese.
  • Grilled Fajita Vegan Bowl: Sautéed fajita vegetables, hand-smashed guacamole, corn salsa, made in-house pico de gallo and salsa verde piled high on seasoned...
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Aug 6 9:36 AM, General News


Aug 6 9:00 AM, Urner Barry Video

Breakthrough Agreement to Allow Access of U.S. Beef into EU;
Top Weekly Spot for Protein Feature Volume;
NOAA’s “Status of the Stocks” Mentions Global Warming with Fish Stocks
Sustainability; Sponsored by The Meat Buyer's Guide Online
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Blue Apron Holdings Reports Second Quarter 2019 Results

Blue Apron Holdings, Inc. (NYSE: APRN) announced today financial results for the quarter ended June 30, 2019.

“Blue Apron’s next phase will be defined by focusing on our customers and our core business in order to return the business to growth in 2020,” said Linda Findley Kozlowski, Blue Apron Chief Executive Officer. “We’ve clearly and thoroughly demonstrated results in operational optimization and fiscal discipline throughout the organization. Now, we need to prove we can grow our customer base and revenue through both better execution and new initiatives that enable our core business to reach its full potential. Our market opportunity is large and we believe that it is growing, leading to...

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Aug 6 8:42 AM, General News


Shake Shack Announces Partnership With Grubhub for Nationwide Delivery

Shake Shack (NYSE:SHAK), the modern day “roadside” burger stand, today announced they have entered into an integrated partnership with Grubhub (NYSE:GRUB), the nation's leading online and mobile food-ordering and delivery marketplace. The partnership reflects Shake Shack’s long-term digital growth and innovation strategy to make its iconic food more accessible to consumers through an increasing number of channels.

Grubhub and its Seamless brand in Shake Shack’s hometown of New York City - will be Shake Shack’s national delivery partner with direct-to-POS integration for menu syncing and order submission. With Grubhub’s “Just in Time” technology, pickups by drivers will be timed to the moment an order is ready, resulting in faster delivery, fresher food and a better guest experience. Shake Shack will have access to enhanced tools to analyze...

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Aug 6 8:18 AM, General News


CHART: Industry Expectations for Weekly Cattle Slaughter

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Aug 5 3:17 PM, Urner Barry


Denny's Features Sirloin Steak in New Limited Time Offer 

For more than 60 years, Denny's has been offering guests a variety of delicious and affordable menu items for breakfast, lunch, dinner and any time in between. And now, Denny's is dishing up even more value than ever before with its new Sirloin Steak & Eggs available starting today for only $8.99 ($10.99 in some markets), offering guests the perfect combination of breakfast and dinner for less.

For a limited time, guests can enjoy Denny's new Sirloin Steak & Eggs, featuring an expertly seasoned USDA choice sirloin steak, crispy hash browns and two fresh eggs. This winning combination is just one of many new and exciting menu items that has been added to the Denny's menu recently. 78 percent of Denny's menu has been updated to reflect new recipes, higher-quality ingredients and...

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Aug 5 12:29 PM, General News


Industry Reacts to US Beef Access to the EU 

On Friday, the United States and European Union signed a breakthrough agreement to allow access of US beef into the EU. The United States will be able to nearly triple its annual duty-free exports of beef to the EU over the next seven years. American ranchers will be guaranteed a larger share of Europe's beef market, with annual exports expected to increase from $150 million to $420 million once the agreement is fully implemented.

The North American Meat Institute is applauding the Trump Administration's successful efforts to expand access for US beef. Meat Institute President and CEO, Julia Ann Potts, said, “We again thank the Administration for prioritizing the expansion of markets for US meat products. We look forward to continuing to work with the Administration to further reduce barriers impeding, and improve access for, US meat and...

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Aug 5 9:51 AM, Urner Barry


Aug 5 9:03 AM, Urner Barry Video

Canadians Ordering More Burgers from Foodservice Monthly;
Movers of the Week from the HRI Buyers Guide;
Sponsored by Obsono's Market Insight
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Tyson Foods Reports Third Quarter Fiscal 2019 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

First Nine Months Highlights

•GAAP EPS of $4.51, down 33% from record prior year (prior year included a one-time tax benefit of $2.71)
•Adjusted EPS of $4.25, down 7% from record prior year
•GAAP operating income of $2,223 million; Adjusted operating income of $2,291 million
•Total Company GAAP operating margin...

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Aug 5 8:24 AM, General News


United States and European Union Sign Breakthrough Agreement on U.S. Beef Access to EU

The United States will be able to nearly triple its annual duty-free exports of beef to the European Union (EU) over the next seven years under a new agreement signed today at the White House.

American ranchers will be guaranteed a bigger share of Europe’s beef market, with annual duty-free exports expected to grow from $150 million to $420 million when the agreement is fully implemented.

“American ranchers produce the best beef in the world. Thanks to President Trump’s leadership, this new agreement ensures that American ranchers can sell more...

 

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Aug 5 8:16 AM, General News


This Week in Retail: Enter the Dog Days

Goodbye July—hello August. The dog days of summer are here as we enter the lazy hazy final crazy days of the season.  

August is often referred to as the “Sunday of summer” and that perspective could bode well for retail sales as consumers seek to soak up the last few weeks of sunshine and outdoor activity before the school year resumes and the weather begins to transition again.

Beef is killing the retail game in recent weeks, taking the top weekly spot for protein feature volume during the entire month of July. Currently, beef ads account for 27 percent of circular real estate, beating out second placed seafood at 23 percent. Steak features make up about half...

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Aug 5 8:14 AM, UB Newswires


Innovation is Bringing New Excitement to the Burger Category in Canada

More Canadians today than a year ago say they’re ordering burgers from foodservice at least once a month, and the growth of the LSR burger category is outpacing the industry. In the 2019 Canadian Burger Consumer Trend Report, Technomic dives into the factors at play, including innovations such as plant-based burgers and unique flavour profiles.

“The bigger the burger category gets, the more important it is that operators maintain points of differentiation,” explains Charles Winship, manager of consumer insights at Technomic. “Responding to demands for plant-based options as well as spicier, bolder flavours will be critical as brands look to offer burgers that truly stand out.”

Key takeaways from the report include...

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Aug 5 8:13 AM, General News


Outbreak of Drug Resistant Salmonella Linked to Contact with Pig Ear Dog Treats 

The CDC and FDA are advising consumers not to buy or feed pig ear dog treats to pets, including any that may already be in homes. People may contract Salmonella after handling the treats or caring for dogs that have eaten the pig ears. Dogs may also become sick after consumption. A total of 127 people infected with the outbreak strains of Salmonella have been reported from 33 states. While 26 people have been hospitalized, no deaths have been reported. About 21% of reported illnesses are among children younger than the age of 5.

Laboratory and traceback evidence indicated that contact with pig ear dog treats from many different suppliers is likely the source of the Salmonella outbreak. State health and regulatory officials in several states along with...

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Aug 2 9:41 AM, Urner Barry


Ruth’s Hospitality Group Reports Second Quarter 2019 Financial Results

Ruth’s Hospitality Group, Inc. (the “Company”) (NASDAQ: RUTH) today reported unaudited financial results for its second quarter ended June 30, 2019.

Highlights for the second quarter of 2019 were as follows:

  • Restaurant sales in the second quarter of 2019 increased 0.5% to $104.0 million compared to $103.5 million in the second quarter of 2018. Average unit weekly sales were $102.6 thousand in the second quarter of 2019, a decrease of 0.8% compared to $103.4 thousand in the second quarter of 2018.
  • Net income in the second quarter of 2019 was $9.3 million, or $0.31 per diluted share, compared to net income of $9.6 million, or $0.32 per diluted share, in the second quarter of 2018.

Net income in the second quarter of 2019 included $71 thousand in acquisition-related expenses associated with...

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Aug 2 9:14 AM, General News


Restaurant Brands International Reports Second Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the second quarter ended June 30, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."

"We are excited by the tremendous opportunity for restaurant growth in front of us, most recently highlighted by new partnerships we announced for Popeyes in China and Spain, and Tim Hortons in Thailand," continued Cil. "We are working closely with our restaurant owners to deliver an enhanced guest experience including...

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Aug 2 9:03 AM, General News


Aug 2 8:55 AM, Urner Barry Video

10% Tariff on $300 Billion of Goods Imported from China in September;
Is Automated Deboning Diluting Seasonal Volatility?;
Sponsored by Urner Barry's Prospector
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Retailers Respond to Administration’s Latest Tariff Escalation

The National Retail Federation today issued the following statement from Senior Vice President for Government Relations David French in response to the Trump administration’s plans to impose a 10 percent tariff on $300 billion worth of goods imported from China beginning September 1.

“As we’ve said repeatedly, we support the administration’s goal of restructuring the U.S.-China trade relationship. But we are disappointed the administration is doubling-down on a flawed tariff strategy that is already slowing U.S. economic growth, creating uncertainty and discouraging investment. These additional tariffs will only threaten U.S. jobs and raise costs for American families on everyday goods.

“The tariffs imposed over the past year haven’t worked, and there’s no evidence another tax increase on American businesses and consumers will...

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Aug 2 8:25 AM, General News


Dunkin' Brands Reports Second Quarter 2019 Results

Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the second quarter ended June 29, 2019.

"Continuing the momentum established earlier in the year, our second quarter performance was highlighted by double-digit sales growth of espresso, our national value platforms, and terrific consumer reception to our latest menu innovation, our better-for-you Power Platform. We're attracting a new consumer with both espresso and our Power Platform and will continue to bring more on-trend innovation to fuel guests throughout the day," said David Hoffmann, Dunkin' Brands Chief Executive Officer and President of Dunkin' U.S. "Additionally, as a result of...

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Aug 2 8:17 AM, General News


Domino's Appoints Lisa Price Executive Vice President, Chief Human Resources Officer

Domino's Pizza, (NYSE: DPZ), the largest pizza company in the world based on global retail sales, today announced that Lisa V. Price will be joining the company as executive vice president, chief human resources officer, effective Aug. 26. Price will be a part of Domino's executive leadership team and will report directly to Chief Executive Officer Ritch Allison.

Price joins Domino's from Nordstrom, where she most recently served as senior vice president of human resources. From 2000-2015, Price had progressively more responsible roles in human resources at Starbucks Coffee Co., most recently as vice president of partner resources. With the exception of a year at Nordstrom in 2000, Price spent most of her career at Starbucks, joining the brand in 1994.

"Lisa brings extensive experience in both retail and restaurants to Domino's," said Allison. "She began her career in the stores at Starbucks and eventually worked her way up...

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Aug 2 8:17 AM, General News


Burger King to Launch the Impossible Whopper Nationwide

Burger King restaurants announced today that it is bringing the plant-based Impossible Whopper sandwich nationwide this month. Starting on August 8, guests across the nation will be able to visit their local BK restaurant, or order for delivery via the BK App and through DoorDash, to try the Impossible Whopper for a limited time only and decide for themselves if it delivers the same flame-grilled, juicy craveability of the famous Whopper sandwich.

The Impossible Whopper is 100% Whopper, 0% beef. It features a flame-grilled patty made from plants topped with freshly sliced tomatoes and onions, crisp lettuce, creamy mayonnaise, ketchup and zesty pickles on a toasted sesame seed bun.

“We are really excited to be able to offer our new Impossible Whopper to our guests across the country at an unbeatable value for a limited time,” said Chris Finazzo, President, North America, Burger King Corporation. “Since we first launched our market tests in St. Louis in April, and...

 

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Aug 1 10:01 AM, General News


Maple Leaf Foods Reports Second Quarter 2019 Financial Results

Maple Leaf Foods Inc. ("Maple Leaf Foods" or "the Company") (TSX: MFI) today reported its financial results for the second quarter ending June 30, 2019.

Quarterly Highlights

  • Sales increased by 12.5%, driven by acquisitions, our value-added product portfolio and continued double-digit growth in plant-based protein
  • Recorded a net loss of $6.3 million or $0.05 per share due to $60.7 million of non-cash fair value changes on balance sheet items, not reflective of the commercial performance of the Company and excluded from Adjusted EBITDA
  • Adjusted EBITDA Margin of 11.3% in meat protein and 10.6% for the Company, driven by strong commercial performance
  • Net Debt of $403.4 million, of which...
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Aug 1 9:38 AM, General News


Dine Brands Global Inc Reports Strong Second Quarter 2019 Results

Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the second quarter of 2019.

“Our strategy continues to drive significant improvements across key metrics. We have made important decisions over the last two years that have improved our fundamentals and enhanced our ability to deliver sustainable growth. We successfully completed a $1.3 billion refinancing of our securitized debt, replacing our 2014 fixed rate senior secured notes. We are also pleased to announce that Applebee’s franchisees agreed to extend the increase in the advertising contribution rate to 4.25% through the end of next year,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce continued, “Our performance reflects the strength and stability of our highly franchised business model. While comparable same-restaurant sales at Applebee’s were lower than expected, these results are not indicative of...

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Aug 1 9:16 AM, General News


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