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Current Restaurant Restrictions and Capacity By State

Coronavirus cases in the United States are growing. On Friday the U.S. recorded over 99,000 new cases – the highest single day total recorded by any country. With concerns rising over the upward trend in cases, restaurants across the country are beginning to see a new wave of restrictions. We're breaking down the latest restaurant news by state...

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Dec 1 1:13 AM, Urner Barry



The Consumer Confidence Index Decreased in November

The Conference Board Consumer Confidence Index declined in November, after remaining relatively flat in October. The Index now stands at 96.1 (1985=100), down from 101.4 (an upward revision) in October. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – decreased slightly from 106.2 to 105.9. The Expectations Index – based on consumers’ short-term outlook for income, business, and labor market conditions – declined from 98.2 in October to 89.5 this month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and...

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Nov 25 8:25 AM, General News


UK Consumer Spending to Fall by Nearly 14.9% in 2020

Total UK consumer spending is expected to fall by a staggering £183.6 billion (14.9%) this year due to the COVID-19-induced lockdowns, according to new research from Mintel’s flagship British Lifestyles report. This equates to a drop in spending of around £6,600 per household – with the biggest decreases occurring in the transport, foodservice, and holiday industries. Consumer spending in these three categories will fall by an astonishing £140.1 billion in total, or just over £5,000 per household – representing around 77% of the overall decline in consumer spending this year.

But it seems there is light at the end of the tunnel for these three categories as they are expected to bounce back the strongest in 2021: spending on transport will increase by...

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Nov 25 8:24 AM, General News


Top Meat, Poultry, Egg and Seafood Price Action Broken Down in the Latest Market Briefing 

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals...

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Nov 25 8:23 AM, Urner Barry


Albertsons Implements Contactless Temperature and Health Screening Across All Facilities

Albertsons Companies announced that it has taken another step in enhancing its safe environment by implementing a contactless temperature check and health screening solution for associates and vendors. The new technology, now being deployed across all Albertsons Companies locations, enables a safer and more reliable health screening process for those who work in their stores and facilities.

After extensive testing and process refinements, the selected technology, provided by Turing Video Inc., leverages a built-in touchless body temperature scanner and...

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Nov 24 9:08 AM, General News


Hormel Foods Reports Fourth Quarter and Fiscal 2020 Earnings

Hormel Foods Corporation reported results for the fourth quarter of fiscal 2020. All comparisons are to the fourth quarter of fiscal 2019 unless otherwise noted.

The impact of the Sadler's Smokehouse acquisition (March 2020) is excluded in the presentation of the fourth quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. The impact of the CytoSport divestiture last year is excluded from...

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Nov 24 8:45 AM, General News


Nielsen Analyzes U.S. Store Locations Benefiting the Most During COVID-19 

In cities across America, the face of grocery and household shopping has changed dramatically this year. Months of working from home, reduced levels of commuting and high unemployment numbers are all adding up to a very different outlook for the consumer packaged goods (CPG) industry.

Many of the top-performing stores across the nation have emerged in areas that haven’t historically shared the spotlight of strategic focus for companies. With signs of growing staying power, these changes are...

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Nov 24 8:21 AM, General News


Billions in Consumer Spending Are Shifting as COVID-19 Forces Widespread Retail Disruption

Some of the highest revenue-generating grocery stores in the world are facing sweeping changes to their customer bases and their ability to deliver value to brands as people change where they shop—a change that, for some, may be permanent. The shifts come as COVID-19 forces millions of people to spend more time at home and less time commuting, a key driver of the shift.

The changes are effectively shifting the balance of power in the grocery segment. Some stores that were once the biggest sales contributors are now seeing sales declines while those that may have been...

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Nov 24 8:20 AM, General News


Nielsen: Thanksgiving Highlights COVID-19 Divide 

In a year unlike any other, even Thanksgiving is not immune to polarization in the U.S.

As we confront ever-rising COVID-19 cases and physical and financial restraints, this year’s Thanksgiving festivities will look and feel drastically different, depending on location, generation and the financial impact of the pandemic. Yet from online shopping to price hikes, consumers share commonalities in confronting a Thanksgiving unlike any other.

Americans are almost perfectly split on whether they’re planning to...

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Nov 23 8:16 AM, General News


Tyson Foods Issues Statement on Waterloo Lawsuit Allegations

Tyson Foods, Inc. issued the following statement from Tyson Foods President & CEO Dean Banks in response to allegations made in an amended lawsuit involving the company’s pork plant in Waterloo, Iowa:

“We are extremely upset about the accusations involving some of the leadership at our Waterloo plant. Tyson Foods is a family company with 139,000 team members and these allegations do not represent who we are, or our Core Values and Team Behaviors. We expect every team member at Tyson Foods to operate with...

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Nov 20 8:36 AM, General News


ANALYSIS: Power Move Setting Up In the Beef Cutout Behind Retail Strength

There has been a recent broad-based surge in the boxed beef market. Strength in ribeyes, tenderloins, chuck rolls, and...

 

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Nov 20 8:30 AM, Urner Barry


Postmates Reveals Unprecedented Ordering Trends of 2020

Postmates revealed the unprecedented ordering trends of 2020 and it's clear 2020 was a year like no other.

The year started on a predictable note, with popular New Year's Eve hydration hangover remedies like Gatorade spiking 197% (WoW) on New Year's Day. Customers fell in love with heart-shaped pizzas this year (+1,800% YoY) on Valentine's Day where there was also a 4,462% (WoW) increase in orders for flowers - not too surprising. But in early March, as the global pandemic was declared and shelter-in-place orders began...

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Nov 20 8:25 AM, General News


Americans Flock to Chicken, the Nation’s #1 Quarantine Protein

Throughout the last year, as home kitchens took center stage, Americans have been relying on chicken as a healthy and convenient protein that can be enjoyed by everyone. In fact, three-quarters (75%) of Americans who eat any chicken say they prepare chicken at home at least once a week. During the past 9 months of COVID-19, retail chicken sales have increased $1.3B, up 19.5% from the same period last year, according to IRI and 210 Analytics.

Today the National Chicken Council (NCC) unveiled the findings of a new survey fielded with the goal of better understanding chicken consumption trends and...

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Nov 20 8:24 AM, General News


Rabobank Global Animal Protein Outlook 2021: Emerging From a World of Uncertainty

After a year full of uncertainties, global animal protein is expected to rise again, as it looks for opportunities.

In 2021, Rabobank anticipates production growth in most regions, with the biggest change taking place in Asia, where the impacts of African swine fever (ASF) are fading. Pork is expected to lead that growth – with a gradual recovery process, as ASF is still active. Poultry and aquaculture are also forecast to grow, followed by beef. Wild-catch seafood, however, is expected to decline.

Global animal protein trade continues to create areas of opportunity and risk, with China...

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Nov 19 8:21 AM, General News


Church's Chicken Reinvents Brand Standards Measurement

When Church's Chicken re-imagined its restaurant-level brand standards measurement program to comply with COVID-19 travel restrictions, the goal was simple – make sure restaurants keep a high level of quality and service, without in-person visits from regional management and field teams. In just 60 days, the Global OPS Services team transformed the 5+ hour in-person Operation Excellence Review (OER) into a streamlined, Remote OER visitation that can now be implemented remotely. This enhanced evaluation of a restaurant's operation provides operators a detailed action plan with specific recommendations on improving brand standards. Since these Virtual OERs are much shorter than the standard visit, the brand can now conduct more visits more frequently, allowing the Operations team in the domestic and international business to provide added support for their franchisees.

"COVID-19 has caused us to innovate in so many ways. We realized that we can't send our field teams to the restaurants like we've done for years – we had to figure out how to conduct our visits remotely. These virtual visitations allow the field team to measure the operations using our proprietary mobile app called...

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Nov 16 8:21 AM, General News


Sysco Eliminates Minimum Delivery Requirements and Offers Services to Support Restaurant Industry

Sysco Corporation announced it will eliminate minimum delivery size requirements for customers’ regularly scheduled delivery days as part of the company’s Restaurants Rising campaign. This change is effective on Nov. 16 for all U.S. Broadline, FreshPoint, Buckhead Meat and Newport Meat customers.

Removing minimum delivery requirements is yet another way Sysco is leading the industry in supporting the success of restaurants, providing operators significant added flexibility in managing their business and making it easier to...

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Nov 16 8:20 AM, General News


ANALYSIS: How Bone-In Hams Perform Prior to Christmas

Hams, whether bone-in or boneless, take the limelight across domestic and export markets during the fourth quarter of the year as buyers...

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Nov 13 8:32 AM, Urner Barry


Technomic's Take: What to Expect in Canada in 2021

As we head into 2021, the world of foodservice remains in unprecedented territory as we collectively deal with the immediate and long-lasting impacts of the COVID-19 pandemic. While many unknowns linger as the world anxiously awaits an end to the virus, we do know that those who demonstrate the most versatility in response to industry, consumer and cultural shifts are best set to succeed in the coming year. Read ahead for Technomic’s expert predictions to better equip yourself for what’s to come and how to prepare for a post-pandemic world.

1. The Road to Recovery Steadies

Foodservice will experience the start of a financial recovery in 2021, but sales results across segments will be a mixed bag. Limited-service restaurants will turn...

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Nov 12 8:24 AM, General News


Beyond Meat Reports Third Quarter 2020 Results

Beyond Meat, Inc., a leader in plant-based meat, reported financial results for its third quarter ended September 26, 2020.

Third Quarter 2020 Financial Highlights

  • Net revenues were $94.4 million, an increase of 2.7% year-over-year.
  • Gross profit was $25.5 million, or gross margin of 27.0% of net revenues; Adjusted gross profit was $27.3 million, or
  • Adjusted gross margin of 28.9% of net revenues, reflecting exclusion of expenses attributable to COVID-19.
  • Net loss was $19.3 million, or $0.31 per common share; Adjusted net loss was $17.5 million, or $0.28 per common share, reflecting exclusion of expenses attributable to COVID-19.
  • Adjusted EBITDA was a loss...
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Nov 11 8:15 AM, General News


Trader Joe's Shares Information on COVID-19 Safety Practices and Positive Cases

As an essential business since the pandemic was declared, Trader Joe's has prioritized creating a safe working and shopping environment every day. To do this important work Trader Joe's has developed, and continues to develop, effective procedures that meet or exceed CDC guidelines to safeguard the health and safety of Crew Members and customers.

"The health and safety practices and procedures that have been put in place, and that continually evolve, have been effective because of the great work done by our Crew Members in every store, every day. We appreciate our Crew Members' diligence and our customers' patience as we...

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Nov 11 8:14 AM, General News


Retailers Prepare for Thanksgiving and Unprecedented Holiday Shopping Season 

As consumers prepare for smaller gatherings at Thanksgiving and an unusual holiday season, retailers are providing increased safety and convenience measures to offer an ideal shopping experience. 

For example, Meijer is encouraging customers to shop in whatever way fits their lives, offering delivery services and free pickup on orders over $50 online. The retailer is also adding more available time slots for pickup. Stores will be rolling out new hand sanitizer stations over the course of the holiday season and will install eight stations near high-traffic travel paths including entrances, pharmacies, produce areas, and check lanes. Meijer announced it will be extending...

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Nov 11 8:13 AM, Urner Barry


Imports Set New 'Peak Season' Record as Retailers Prepare for Holidays

Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Peak season is the Superbowl of the supply chain world each year as retailers make sure they have enough merchandise on hand to satisfy demand during the holidays, and this is the busiest we’ve ever seen,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Part of this surge was fueled by restocking after retail sales rebounded this summer and part could be making sure there aren’t shortages if...

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Nov 11 8:13 AM, General News


ANALYSIS: Shell Egg Values Hold, Even as Inventories Remain Perched at Near-Record Levels

While it’s quite common – if not expected – to see shell-egg supplies increase in early-November as producers gear up for...

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Nov 11 8:08 AM, Urner Barry


Acosta Explores the "Mobile-ization" of Grocery Shopping and Acceleration Caused by COVID-19

With more than 260 million people now using smartphones in the U.S., it's no surprise that grocery shopping is becoming an increasingly mobile experience, which has only been accelerated by the COVID-19 pandemic. Research released in The Mobile-ization of Grocery Shopping report from Acosta — a leading full-service sales and marketing agency in the consumer packaged goods industry — provides insight into how and why consumers are "mobile-izing" when it comes to grocery shopping.

"Smartphones have grown to become a huge part of daily life, so it's only natural that retailers and shoppers are connecting this technology with the grocery buying experience," said Colin Stewart, Executive Vice President, Business Intelligence at Acosta. "We saw...

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Nov 10 8:15 AM, General News


U.S. Restaurant Chain Customer Transaction Declines Stabilize at -9% Compared to Year Ago in October

Customer transaction declines at major U.S. restaurant chains held steady at  -9% every week in October compared to same weeks year ago, reports The NPD Group.  Quick service restaurant chains, which have been able to leverage their off-premises operations during the pandemic, also stabilized transaction declines at  -9% throughout the month. Full service restaurant chains, which are more heavily reliant on dine-in services, saw transaction declines fluctuate from  -16% in the first week of October to  -14% in the last full week of the month, according to NPD’s CREST® Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing 53% of the commercial restaurant traffic in U.S...

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Nov 10 8:09 AM, General News


Global Food Prices Continue Rising in October

Global food prices continued rising for the fifth consecutive month in October, led by cereals, sugar, dairy and vegetable oils, according to a new report from the Food and Agriculture Organization of the United Nations.

The FAO Food Price Index, which tracks international prices of the most traded food commodities, averaged 100.9 points in October 2020, up 3.1 percent from September and 6.0 percent above its value in October 2019.

The FAO Cereal Price Index climbed 7.2 percent from the previous month and 16.5 percent above its value in October 2019. The surge was mainly driven by wheat prices amid shrinking...

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Nov 9 2:55 PM, General News


Nathan’s Famous Launches New Chicken Wings and Waffles Virtual Concept, Wings of New York

Nathan’s Famous, Inc., the American tradition serving New York favorites for more than 100 years, announced today the launch of its new brand, Wings of New York. Wings of New York is a virtual concept offering New York style wings as well as Harlem-style chicken and waffles. The roll out of this concept will only be available through third-party delivery initially in the New York Tri-State area, with expansion plans across the US in the coming weeks...

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Nov 9 8:02 AM, General News


ANALYSIS: Medium and Jumbo Boneless Breasts: Straying From the Traditional Price Spread

Historically speaking, medium-sized boneless breasts have enjoyed a clear-cut premium over their jumbo-sized counterparts...

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Nov 6 8:37 AM, Urner Barry


Consumers Likely to Continue Increased Usage of Takeout and Delivery

With indoor dining restaurant traffic significantly curtailed due to COVID-19 restrictions and concerns, the availability of takeout and delivery options became more important for consumers and restaurants. Many foodservice operators began offering these options recently, and consumers have increased their usage of takeout and delivery.

According to the National Restaurant Association, the uptick in takeout and delivery frequency was visible across each of the three major dayparts in recent months. The Association reported that 66% of consumers said they ordered takeout or delivery for dinner last week. That is up from 58% during the last week of February.

The trend was similar for lunch. About 47% of consumers ordered takeout or delivery for lunch last week, a level that has...

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Nov 6 8:29 AM, Urner Barry


ANALYSIS: Turkey Drums Find Their Rhythm

With November now upon us, whole body turkeys are commanding much of the seasonal spotlight, however...

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Nov 5 8:37 AM, Urner Barry


NRF Chief Economist Says Strong Retail Sales Growth 'Points to The Resiliency of Consumers'

Retail sales have largely recovered from the pandemic heading into the holiday season but the growing number of coronavirus cases remains a threat and additional federal stimulus could help keep the economy on track, National Retail Federation Chief Economist Jack Kleinhenz said today.

“Strong growth in retail sales during the last few months points to the resiliency of consumers even in this disruptive pandemic environment,” Kleinhenz said. “Taking in all the evidence available, the U.S. economic recovery has progressed more quickly than generally expected.”

Kleinhenz agreed with Federal Reserve Chairman Jerome Powell’s recent call for additional...

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Nov 5 8:34 AM, General News


Sysco Reports Sales Decline in First Quarter Fiscal 2021 Results

On Tuesday Sysco Corporation announced their financial results for its 13-week first fiscal quarter, which ended September 26, 2020. According to the company, sales decreased by 23% to $11.8 billion and gross profit decreased by 24.6% to $2.2 billion.

“Although our first quarter 2021 results continue to be impacted by the pandemic, we are pleased with our overall expense management and our ability to produce positive free cash flow and a profitable quarter despite a 23% reduction in sales,” said Sysco president and CEO Kevin Hourican...

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Nov 3 10:14 AM, SeafoodNews


Publix Reports Third Quarter 2020 Results

The coronavirus pandemic was declared a national emergency on March 13, 2020 and continues to be a challenge. It remains a top priority of Publix to serve the communities in which it operates in a way that protects the health and safety of its associates and customers.

Publix’s sales for the three months ended Sept. 26, 2020 were $11.1 billion, an 18.3% increase from $9.3 billion in 2019. Comparable store sales for the three months ended Sept. 26, 2020 increased 16.5%. The company estimates its sales for the three months ended Sept. 26, 2020 increased approximately $1.25 billion or 13.4% due to the impact of the coronavirus pandemic.

Net earnings for the three months ended Sept. 26, 2020 were $917.6 million, compared to $574 million in 2019, an increase of 59.9%. Earnings per share for the three months ended Sept. 26, 2020 increased to $1.31 per share, up from...

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Nov 3 9:22 AM, General News


The Cheesecake Factory Reports Results for the Third Quarter of 2020

The Cheesecake Factory Incorporated reported financial results for the third quarter of fiscal 2020, which ended on September 29, 2020.

Total revenues were $517.7 million in the third quarter of fiscal 2020 compared to $586.5 million in the third quarter of fiscal 2019. Net loss and diluted net loss per share were $28.3 million and $0.76, respectively, in the third quarter of fiscal 2020, reflecting the impact of COVID-19. The results in this press release include the acquisition of North Italia and the remaining business of Fox Restaurant Concepts LLC (“FRC”) on October 2, 2019.

During the third quarter of fiscal 2020, the Company recorded pre-tax impairment of assets and lease termination expense of $10.4 million, $5.4 million of which was cash lease termination expense associated with one...

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Nov 3 8:24 AM, General News


Ruth's Hospitality Provides Business Update and Reports Third Quarter 2020 Financial Results

Ruth’s Hospitality Group, Inc. provided a business update on the impact of the COVID-19 pandemic and reported unaudited financial results for its third quarter ended September 27, 2020.

Business and Liquidity Update

  • By the end of the third quarter, the Company was able to re-open 94% (72 of 77) of its Company-owned and managed restaurants, which included 71 restaurants offering limited capacity dining service and one restaurant offering to-go and delivery service only.
  • 99% (71 of 72) of the Company’s franchisee-owned restaurants were open with capacity restricted dining rooms as of the end of the third quarter.
  • Third quarter comparable restaurant sales at Company-owned restaurants decreased...
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Nov 3 8:23 AM, General News


NPFDA Moves Forward with In-Person Convention and Showcase

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

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

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Nov 2 8:27 AM, General News


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

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

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

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Nov 2 8:14 AM, General News


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

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

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

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Oct 30 8:25 AM, General News


Yum China Reports Third Quarter 2020 Results

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

Impact of COVID-19 Outbreak and Mitigation Efforts

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

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Oct 29 10:00 AM, General News


Blue Apron Reports Third Quarter 2020 Results

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

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

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Oct 29 9:53 AM, General News


Pilgrim's Pride Reports Third Quarter Financial Results

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

Third Quarter Highlights

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


ANALYSIS: Whole Body Hens: Looking Beyond the Holiday

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

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Oct 29 8:23 AM, Urner Barry


Cattle Industry Convention Postponed Until August 2021

The Cattle Industry Annual Convention and NCBA Trade Show is one of the industry’s biggest events each year, bringing together cattlemen and cattlewomen from across the nation to do the work of our industry. Unfortunately, the current pandemic presents challenges that make bringing people together difficult. With the health and safety of our attendees, exhibitors, sponsors, and partners in mind, NCBA has made the difficult decision to postpone the in-person event to August 2021. However, NCBA will hold some of its traditional business meetings in the January or February timeframe, in accordance with the association’s bylaws.

“Decisions of this magnitude, which impact multiple organizations, stakeholders and companies, are never easy. However, the limits on the number of people who can gather at an event in Nashville and the travel restrictions facing...

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Oct 29 8:23 AM, General News


Dine Brands Global Reports Third Quarter 2020 Results

Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, announced financial results for the third quarter of 2020.

“We continue to execute on our strategy to stabilize our business and restore growth, which resulted in both brands delivering continued improvements during this challenging time for our industry. I want to thank our franchisees and team members who have been working tirelessly this year. They have adapted to the significant challenges of 2020 with remarkable agility, bringing our delicious, affordable food to guests in a low-contact and safe manner,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce added, “We believe that both Applebee’s and IHOP are well-positioned to build on the impressive expansion of our off-premise growth, return restaurant sales to pre-pandemic levels and resume...

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Oct 29 8:23 AM, General News


Maple Leaf Foods Reports Third Quarter 2020 Financial Results

Maple Leaf Foods Inc. reported its financial results for the third quarter ending September 30, 2020.

"Maple Leaf continues to deliver on its responsibility as an essential service, its commitment to protect employees, and its support of local communities during these extraordinary times," stated Michael H. McCain, the Company's President and CEO. "I continue to be amazed and humbled by the steadfastness of our team and their ability to maintain critical infrastructure in the face of extremely challenging circumstances.

"Our operational resiliency, strong brands, and the success of our sustainable meat strategy delivered excellent results in Meat Protein in the third quarter," continued Mr. McCain. "While supply chain disruptions impacted short-term Plant Protein performance, we are seeing...

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Oct 28 9:34 AM, General News


The Consumer Confidence Index Decreased Slightly in October

The Conference Board Consumer Confidence Index declined slightly in October, after increasing sharply in September. The Index now stands at 100.9 (1985=100), down from 101.3 in September. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – increased from 98.9 to 104.6. However, the Expectations Index – based on consumers’ short-term outlook for income, business, and labor market conditions – decreased from 102.9 in September to 98.4 this month.

The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers...

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Oct 28 8:28 AM, General News


Burger King, Tim Hortons, and Popeyes to Modernize Its Drive Thru Experience 

Restaurant Brands International Inc. announced that it is modernizing the drive-thru experience at more than 10,000 Burger King and Tim Hortons locations, with Popeyes beginning its own rollout later this year. More than 40,000 digital screens are being installed with powerful 'predictive selling' technology, integration with restaurant loyalty programs and the ability for remote, contactless payment, reflecting the strategic importance and value of the drive thru experience to RBI's iconic restaurant brands.

"Our guests have sought out our drive-thru lanes for our iconic food and beverages throughout the COVID-19 pandemic – even in the face of mandated dining room closures around the world," said Jose Cil, CEO of RBI. "We believe strongly that it is time to...

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Oct 27 8:49 AM, General News


Consumers Begin to Venture Back Out to Eat with Cost in Mind 

As we enter the eighth month of the coronavirus pandemic, there is some good news for the foodservice industry. According to Datassential, consumers have begun to venture back out to eat a little more. In a recent report, Datassential found that only 26% of consumers said they were using restaurants less to save money, down from 38% when asked the same question in April. However, Americans remain value conscious as ever, and find ways to keep their average spend in line with tighter budgets, which means paying close attention to prices.

To help consumers pressured to maintain a budget, Datassential suggests the food industry must make the value proposition transparent and compelling. Consumers will accept...

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Oct 27 8:25 AM, Urner Barry


Urner Barry's Market Briefing Brings You the Latest in Protein Pricing Insight

In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals....

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Oct 26 8:19 AM, Urner Barry


ANALYSIS: A Challenging Year for Chicken Tenders

2020 has been anything but a traditional year for the chicken industry and line run tenders are no exception...

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Oct 23 7:35 AM, Urner Barry


Instacart and ALDI Announce New Pilot For EBT SNAP Online Payment

Instacart announced its Supplemental Nutrition Assistance Program and Electronic Benefit Transfer (EBT SNAP) integration in partnership with ALDI. For the first time, EBT SNAP participants will be able to access fresh food and pantry staples from ALDI via Instacart's same-day delivery and pickup services. The multi-phased launch will begin in Georgia in the coming weeks across more than 60 ALDI stores, with anticipated plans to expand to more than 570 stores across Illinois, California, Florida and Pennsylvania in the coming months.

The introduction of Instacart's EBT SNAP payments comes at a time when food insecurity in the U.S. has compounded as the nation continues to be impacted by COVID-19. According to Feeding America, due to the effects of the pandemic, more than 54 million people may experience...

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Oct 22 9:48 AM, General News


Survey: COVID Led to Surge in Off-Premise Dining, Other Operational Changes for Franchisees

The 2020 Restaurant Franchise Pulse survey, conducted by TD Bank, found that coronavirus lockdowns and unwillingness to eat out at restaurants led restaurant franchisees to pivot to a pick-up and delivery model.

Just shy of 75% of survey respondents prioritized off-premise dining with enhanced delivery and online or mobile ordering methods due to COVID-19. This led to a 19% jump in the percentage of sales linked to off-premise orders.

An interesting note was that although 86% of respondents had delivery...

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Oct 22 9:17 AM, Urner Barry


ANALYSIS: What’s Going On with Tom Breast Meat?

It’s safe to say that Thanksgiving and the whole bird centric activity which typically...

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Oct 22 8:11 AM, Urner Barry


ANALYSIS: SpareRibs Lingering Around PEDv 2014 Levels

Like most items throughout the fresh pork complex, spareribs underwent a significant rally from...

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Oct 22 8:09 AM, Urner Barry


Whole Foods Market Forecasts Top 10 Food Trends for 2021

Whole Foods Market global buyers and experts unveiled their top 10 anticipated food trends for 2021 in the retailer’s sixth annual trends predictions. Hard kombucha, upcycled foods, leveled-up breakfasts and jerky made from produce are among the food influences expected to take off in the next year.

Each year, a Trends Council of more than 50 Whole Foods Market team members, including local foragers, regional and global buyers and culinary experts, compile trend predictions based on decades of experience and expertise in product sourcing, studying consumer preferences and being on the frontlines with...

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Oct 22 8:07 AM, General News


Lidl to Install Hospital Grade Air Filters in All U.S. Stores to Prevent Spread of COVID-19

Following recently issued Centers for Disease Control guidelines stating that the COVID-19 virus can be spread through the air, Lidl US announced it will install new air filtration systems rated MERV 13 or higher in all of its U.S. stores by the end of this year. Air filters rated MERV 13 or higher, which are typically found in hospitals, help filter out COVID-19, according to public health and industry leaders.

"Since the beginning of the pandemic, we have worked diligently to protect the health of everyone in our stores by meeting or exceeding CDC guidelines and this measure to create cleaner, healthier air is no different," said Johannes Fieber, CEO of Lidl US. "Customers and team members in Lidl stores can breathe easier knowing we have...

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Oct 21 8:16 AM, General News




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