Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 21, 2024

Red Robin Gourmet Burgers, Inc. , a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 21, 2024.

Highlights for the First Quarter of Fiscal 2024, Compared to the First Quarter of Fiscal 2023:

• Total revenues are $388.5 million, a decrease of $29.3 million.
• Comparable restaurant revenue(1) decreased 6.5%.
• Net loss is $9.5 million, compared to a... 

G. Willi-Food international Reports the results of first quarter 2024

G. Willi-Food International Ltd., a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the first quarter ended March 31, 2024.

First Quarter Fiscal Year 2024

• Sales decreased by 10.1% to NIS 136.0 million (USD 37.0 million) from NIS 151.4 million (USD 41.1 million) in the first quarter of 2023.
• Gross profit decreased by 13.5% year-over-year to NIS 34.7 million (USD 9.4 million).
• Operating profit decreased by 10.7% year-over-year to...

Mintec Releases "Christmas Dinner Index 2023" Report

Consumer Spending in U.S. Restaurants Continued to Rise in November

Household spending is being supported by consumers' positive sentiment about their local economies.

Restaurant sales rose steadily in recent months, as resilient consumers maintained their willingness to spend on experiences.

Eating and drinking places* registered total sales of $94.7 billion on a seasonally adjusted basis in November, according to preliminary data from the U.S. Census Bureau. That was up a solid 1.6% from October’s upward-revised volume of $93.2 and represented the ninth consecutive month of sales growth...

Mintec Releases "Thanksgiving Dinner Index 2023" Report; Read It Here

Mintec enables the world's largest food and manufacturing brands to implement more efficient and sustainable procurement strategies. We do this through our cutting-edge SaaS platform, Mintec Analytics, which delivers market prices and analysis for thousands of commodities, food ingredients and associated materials. Our data and tools empower our customers to understand prices better, analyze their spend and negotiate with confidence.

Mintec’s latest report, “Thanksgiving Dinner Index 2023,” is a look at the components that make up the traditional holiday dinner...

Census Says Retail Sales Grew Year Over Year in October But Growth Continued to Slow

Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, National Retail Federation Chief Economist Jack Kleinhenz said in response to the U.S. Census Bureau’s release of monthly retail sales data today.

“Fourth-quarter consumer spending stepped off on a more moderate pace, as expected,” Kleinhenz said. “The staying power of the American consumer has been the story of 2023, but financial conditions have...

Where Are Commodities Prices Headed?

Individuals investing in commodities haven't had a smooth ride over the past few years.

U.S. crude-oil futures briefly turned negative during the height of the pandemic in 2020 before rebounding to more than $82 a barrel recently. World food prices reached their highest level on record last year, in part as the Russia-Ukraine war spooked markets, but have fallen back more recently. And commodities from lumber to copper rode high and then fell, as global inflationary pressures and recession concerns drove trading.

So what happens next...

Circana Research Reveals 79% of Americans Will Celebrate Thanksgiving with Their Usual Traditions

Circana™, the leading advisor on the complexity of consumer behavior, today released its first Thanksgiving Tracker, offering vital insights into anticipated consumer behavior and purchasing trends for 2023 and looking back at similar trends from 2022. This comprehensive analysis will enable manufacturers, retailers and media organizations to make more informed decisions about merchandising and promotions to drive growth and profitability during the Thanksgiving season.

The week prior to and the week of Thanksgiving are critical sales drivers, although consumers also shop early for spot deals...

Sprouts Farmers Market, Inc. Reports Third Quarter 2023 Results

Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week third quarter ended October 1, 2023. "We are pleased to report another solid quarter at Sprouts, with continued increases in both traffic and comparable store sales," said Jack Sinclair, chief executive officer of Sprouts Farmers Market. "Our results signal the alignment of our 31,000 team members across merchandising, marketing, supply chain, and operational initiatives-- propelling our strategy forward."

Third Quarter Highlights:

• Net sales totaled $1.7 billion; a 7.6% increase from the same period in 2022...

Record Value for Mexico Fuels August Pork Exports; Modest Rebound for Beef

August exports of U.S. pork were steady year-over-year, led by another tremendous performance in Mexico, according to data released by USDA and compiled by USMEF. Beef exports were well below the large totals posted in August 2022 but showed improvement over July results.

August pork exports totaled 226,519 metric tons (mt), steady with last year, while export value fell 1.5% to $649.5 million. Through the first eight months of 2023, pork exports were 11% above last year’s pace at 1.91 million mt, valued...

American Farm Bureau Federation: Turkey Prices Fall as Thanksgiving Approaches

The cost of purchasing a turkey could be lower this Thanksgiving, thanks to a drop in avian influenza cases and a recovery of the turkey population in the United States. American Farm Bureau Federation economists analyzed turkey and egg prices in the latest Market Intel report, which states the average price for an 8-to-16 pound turkey typically served for Thanksgiving was $1.27 per pound in August 2023, 22% lower than the same time last year.

“The status of HPAI (Highly Pathogenic Avian Influenza) is much...

August U.S. Retail Spending Results Reflect Easing Inflation 

Declining prices contribute to slowing growth in food and beverage spending, and back-to-school shopping remains tardy

In August 2023, U.S. retail sales revenue, including both discretionary general merchandise and consumer packaged goods (CPG), remained unchanged compared to the same month last year, and unit sales declined 2%. Discretionary general merchandise spending declines continued with a 5% decline in dollar sales and 7% drop in unit sales compared to last August. CPG spending gains slowed slightly from last month, with 3% growth in food and beverage, a 2% increase in...

United States Online Food Delivery Market Analysis, Size, & Forecast Report 2023

Market Set to Grow by Almost $50 Billion - Growing Integration of AI and Machine Learning Gaining Momentum

The "United States Online Food Delivery Market, Size, Forecast 2023-2030, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.

The United States Online Food Delivery market is anticipated to reach US$ 84.84 Billion in 2030 US$35.36 Billion in 2022, growing at a CAGR of 11.6%

With a wide range of food options from multiple restaurants available at their fingertips, online...

Outstanding First Half for U.S. Pork Exports; Beef Exports Below Record Pace of 2022

U.S. pork exports concluded an excellent first half with another strong performance in June, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While well below the record pace established in 2022, June beef exports topped $900 million in value, pushing first-half export value to nearly $5 billion.

June pork exports totaled 245,964 metric tons (mt), up 12% from a year ago, while export value climbed 6% to $691.4 million. Through the...