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US Foods Appoints Andrew Iacobucci Senior EVP, Field Operations and Chief Commercial Officer
US Foods Holding Corp. (NYSE: USFD) announced today that Andrew Iacobucci is appointed Senior Executive Vice President, Field Operations and Chief Commercial Officer effective today. In his new role, Iacobucci will oversee the company’s local sales, commercial excellence, merchandising, marketing, CHEF’STORE, US Foods Direct and MOXē teams and have P&L responsibility for the company’s broadline business. He will report to Dave Flitman, Chief Executive Officer, as a member of the company’s Executive Leadership Team...
Giant Food Debuts First In-Store Fast Casual Restaurant at Ellicott City, MD Location
Today, Giant Food, the leading greater Washington D.C. regional grocery chain, announces the opening of its first in-store fast-casual restaurant in partnership with Maryland-based chain Nalley Fresh. The new location will open at Giant's Ellicott City, MD location on Friday, March 24, and offer customers a selection of highly customizable, healthy and fresh meal options to further elevate the in-store shopping experience.
Perfect for lunch or dinner, Nalley Fresh is a chef-driven concept that makes everything fresh daily and features...
KFC Introduces New Kentucky Fried Chicken Nuggets
Let the nugget wars begin! Kentucky Fried Chicken® is introducing new, 100 percent white meat Kentucky Fried Chicken Nuggets – hand-breaded with KFC's Original Recipe® – to menus nationwide starting March 27.
After a wildly successful test run in 2022 and years without a nugget made with the signature taste of KFC on menus, new Kentucky Fried Chicken Nuggets are making their way to KFC's permanent menu at participating locations – and these chicken nuggets pack a powerful pop of flavor that can be enjoyed nationwide seven days a week...
Fuku Announces Partnership with the New York Yankees and Legends Hospitality
Fuku, a growing collection of fast-casual eateries specializing in spicy fried chicken sandwiches from dynamic chef and restaurateur David Chang, today announced that it has entered a multi-year partnership with the New York Yankees and Legends Hospitality.
This new partnership broadens Fuku’s foothold across a range of iconic New York institutions and existing local concessions partners. At Yankee Stadium, Fuku offerings will be available to all fans at Section 213 and will also be part of suite holder menus. Fuku options at Yankee Stadium will feature the...
Inflation Still Top of Mind for Restaurant Operators and Consumers
According to recent research, inflation remains the number one focus for restaurant operators and their paying customers.
Findings out of TD Bank’s recent survey, which was unveiled at the 2022 Restaurant Finance and Development Conference in Las Vegas, Nevada, found that the number one challenge for restaurants in 2023 is inflation. 300 restaurant franchise operators and other finance professionals provided their takes in the survey that aimed to display restaurant franchise finance trends.
Alongside TD’s poll, Circana, the new brand that was formerly IRI and...
US Foods Debuts Spring 2023 Scoop Menu Solutions to Help Operators 'Stand Out from the Crowd'
Foodservice distribution giant US Foods has unveiled its Spring 2023 Scoop which features 20 products that aim to help operators refresh their menu as the flowers bloom this spring.
“Today, diners are more interested in an intriguing new food experience than spending less while dining out, making it more important than ever that operators differentiate their menu with traffic-driving, on-trend offerings,” said Stacey Kinkaid, vice president of product development and innovation for US Foods. “Seventy-six percent of diners say they are...
The Great White North Just Got Greater: Shake Shack Is Headed to Canada!
O Canada! Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) will be making its much-anticipated entry into Canada in 2024. Shake Shack is proud to partner with Osmington Inc. and Harlo Entertainment Inc. Osmington, founded in 1995, and Harlo Entertainment, founded in 2018, are both Toronto-based private investment companies that prioritize innovation, value creation, and operating exceptional culinary experiences.
“We have been eyeing this incredible opportunity in Canada for quite some time and are elated to have found exceptional partners to serve...
GRUBBRR Partners with Robert Irvine to Address Challenges in the Restaurant Industry
GRUBBRR, the industry-leading provider of self-ordering technologies that are revolutionizing the way commerce is transacted globally, announced today a new partnership and investment with celebrity chef, restaurateur, and TV host Robert Irvine. Together, they will tackle challenges plaguing the restaurant industry, including labor shortages and rising food costs, and help restaurant owners navigate the future of the industry.
The new partnership will combine GRUBBRR's cutting-edge self-ordering technology and Robert Irvine's expertise in the restaurant space to create an unparalleled solution for restaurants...
Urner Barry's Market Briefing Highlights Latest Action Across Protein Markets
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.
Click HERE to view the latest report.
Checkers & Rally's Welcomes Spring with Mushroom Mania Across Burgers and Sides
Checkers & Rally's, an iconic drive-thru restaurant chain known for flavorful, craveable food at a great value, invites all burger fans to feel like winners with its expanded line-up of mushroom-infused burgers and sides along with a new $5 Meal Deal that's sure to satisfy any craving and the wallet, all for a limited time.
For the diehard mushroom lover, treat yourself to Checkers & Rally's new Fried Mushroom Buford featuring two of its largest 100 percent hand-seasoned beef hamburger patties topped with Swiss cheese...
McDonald's USA Appoints Tabassum Zalotrawala as Senior Vice President and Chief Development Officer
Today, McDonald's USA President Joe Erlinger sent the following message to the McDonald's US System announcing new Senior Vice President and Chief Development Officer, Tabassum Zalotrawala.
With the announcement of an evolved Accelerating the Arches strategy to grow faster, meet customer expectations, and make our brand even stronger through new restaurant development, we committed to leveraging our position of strength to grow the number of McDonald's restaurants across the U.S.
That's why, as we lay the foundation for continued long-term growth and rapidly accelerate...
Order Up! Denny's Launches a Fresh New Menu Featuring Food That Jumps off the Page, Literally
Just days after revealing "It's Diner Time," a new brand platform that doubles down on delivering diner comfort for today's America, Denny's announces new elements of its overall experience including the debut of a bold, bright new menu to welcome all and make guests feel even more at home when visiting America's Diner.
As part of "It's Diner Time," Denny's invested more than $25 million to upgrade and improve kitchen equipment, propelling the development of new and improved food offerings while increasing efficiency...
Chipotle Debuts New Protein on Menus in the US, Canada, and Europe
Chipotle Mexican Grill (NYSE: CMG) today announced it is launching Chicken al Pastor, a new protein option that levels up any go-to Chipotle order with a sophisticated flavor profile and elevated taste. This week, Chicken al Pastor is rolling out at Chipotle restaurants worldwide for a limited time, marking the first time the Company has launched a new menu innovation globally.
A Uniquely Chipotle Take on Al Pastor
According to a recent report, al pastor is one of the fastest growing Mexican dishes. The same report also indicates that 43% of consumers choose to dine at restaurants with menu items that they cannot easily make at home, or do not...
Dinova and Technomic Release Latest Business Dining Trends & Forecast
Dinova Inc., the authority in business dining, and Technomic, the leader in foodservice insights, published the Q1 2023 State of Business Dining Report today. The latest in a series of reports beginning in 2020 offers an exclusive look into post-pandemic business dining trends based on proprietary dining and foodservice data.
"The latest seasonal and geographical patterns suggest we're approaching a new normal in business dining," said Dinova CEO Alison Quinn. "But there are key differences from 2019 that restaurants need to consider in their business strategies, as well...
The Future of Dining: Tracking the Trailblazers in the Restaurant Industry
Brizo Data is excited to share the 2023 Restaurant Technology Landscape, providing an unparalleled visualization of the key restaurant technology companies that are driving innovation in the foodservice industry. Brizo FoodMetrics, the company's flagship market analytics platform, leverages billions of data points in the North American foodservice and restaurant business to unlock an in-depth view of the technologies-in-use and empowers businesses to make informed decisions.
"Brizo's data-rich insights show that the adoption of technology isn't only about driving revenue or creating niche, 'futuristic' experiences...
State of the Restaurant Industry Report Points to Continued Growth in a New Normal
“A new normal.”
That term has become a staple in the American vernacular and according to the National Restaurant Association’s 2023 State of the Restaurant Industry report, it is also expected to define the restaurant industry.
Findings indicate that 70% of operators have begun to settle or are on a path to the new normal.
The report was described as an “authoritative look” at the restaurant industry and the opportunities before it based on nationwide surveys of restaurant owners, operators, chefs and consumers...
Plaza Pizza Announces Expansion Plans Throughout Ohio, Kentucky, West Virginia, and Pennsylvania
Plaza Pizza, a Columbus-area pizza franchise and home of the region's premier thin slice pizza since 1971, announced plans to increase its footprint in the Buckeye State as well as Kentucky, West Virginia, and Pennsylvania. With two locations in Heath and Newark on the outskirts of Columbus, the brand is expanding with as many as six new units by the end of 2023.
"Plaza Pizza has been a staple in these communities for more than 50 years and has some fiercely loyal customers...
One in Five Meals Consumed at Home in Europe in 2023 Will Come from Restaurants
For the first time since the pandemic began, consumer spending in the food service industry in Europe bounced back to pre-pandemic highs in November 2022. This was a key finding of the latest “State of the European Food Service Industry”analysis, which was announced today by The NPD Group through its CREST consumer panel.
Continued hybrid working, spending more time at home, and the ease of both online shopping and ordering food for takeout and delivery has...
Los Angeles State of Restaurant Report Shows Operators Dealing with Increased Costs, Lower Profits
TouchBistro’s 2023 “Los Angeles State of Restaurants” report shows that restaurants in the city have recovered to 77.4% of pre-pandemic levels, roughly 3% higher than the national average. While the hope was that restaurants would steadily recover from the pandemic, other factors have impacted the process.
Thanks to rising food costs and other expenses that go alongside with running a restaurant, the report found that the profit margins for full-service eateries in LA have dropped to 9.4%...
Impossible Foods Launches Three New Chicken Products
California-based Impossible Foods today announced the expansion of its crispy, juicy chicken line with three new products: Impossible™ Spicy Chicken Nuggets, Impossible™ Spicy Chicken Patties, and Impossible™ Chicken Tenders — all made from plants.
The new Impossible Spicy Chicken Nuggets and Patties are designed to indulge heat-seeking palates with a blend of custom spices that add kick to the crispy, juicy, tender bite of the brand’s original plant-based chicken recipe. The all-new Impossible Chicken Tenders feature a deliciously savory blend of spices in a larger, elongated shape...
Giddy Up! BurgerFi Unveils the BBQ Rodeo Burger Available for a Limited Time Only
BurgerFi International Inc. (Nasdaq: BFI, BFIIW) ("BurgerFi"), owner of leading fast-casual brand BurgerFi and the casual dining pizza brand Anthony's Coal Fired Pizza & Wings, introduces its first new product launch of the year, the BBQ Rodeo Burger. Available now through April 17, 2023, the BBQ Rodeo Burger provides the perfect combination of savory, sweet and spicy.
"At BurgerFi, we are committed to providing the highest quality Angus Beef burgers in the industry," says Ophir Sternberg, Executive Chairman at BurgerFi. "As a better-for-you brand...
Red Robin Reveals Limited-Time Five Star Flavors Menu
Red Robin Gourmet Burgers and Brews will have guests' tastebuds living in the lap of luxury this spring. The new Five Star Flavors menu takes rich, indulgent ingredients like truffle, porcini, and black garlic, and delivers them with a Red Robin twist. With the limited-time Tycoon Burger and Cheesy Bacon Truffle Fries, guests are invited to experience delicious, fancy flavors in a familiar and affordable environment.
"We are always looking for new ways to offer unique flavor combinations," said Brian Sullivan, VP of Culinary & Beverage...
Texas Roadhouse, Inc. Announces Fourth Quarter 2022 Results
Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 and 52 weeks ended December 27, 2022.
Financial results for the 13 and 52 weeks ended December 27, 2022 and December 28, 2021 were as follows:
Results for the fourth quarter, as compared to the prior year as applicable, included the following:
- Comparable restaurant sales increased 7.3% at company restaurants and increased 7.2% at domestic franchise restaurants;- Average weekly sales at company restaurants were $130,176 of which 12.6% were to-go sales as compared to average weekly...
McDonald's, Beyond Meat are Fulfilling a Long-Awaited Guest Wish with McPlant Nuggets in Germany
The proportion of flexitarians, i.e. people who would like to temporarily do without meat, is growing steadily in the population. With the introduction of the McPlant product platform, McDonald's Germany wants to take this development into account and is adding new plant-based alternatives to its range of products. Another plus: With the McPlant Nuggets, the company can now also offer a plant-based alternative in the Happy Meal.
The two products, McPlant Nuggets and McPlant Burger, offer flexitarian people new choices with their typical...
Wendy's Declares February 16 an Official Grown-Up Snow Day
This February 16th, Wendy's is giving adults the chance to be kids again with its very own Grown-Up Snow Day – gifting everyone $2 off any size 6 PC Homestyle French Toast Sticks Breakfast Combo via mobile order in the app!* You heard it here first, adulthood has officially been canceled for the day.
Everyone deserves to feel like a kid again, even if it's just for a day! Each bite of Wendy's Homestyle French Toast Sticks with syrup dip will transport you back to your childhood...
Buona to Bring Back its Iconic Pepper and Egg Sandwich for Lenten Season
Buona, Chicago's original Italian beef, has today announced that it will bring back its legendary pepper and egg sandwich for Lenten season this year. The classic treat of delicious scrambled eggs and sautéed green peppers on Italian bread will be available at all Buona locations throughout Chicago on Wednesdays and Fridays starting February 22, 2023 through April 7, 2023. The new 2023 availability for the Lenten favorite is expanded from last year due to popular demand among area residents...
Subway to Officially Explore Sale of Operations
Fast food sandwich chain Subway announced that it would explore a possible sale of the company on February 14, roughly a month after the Wall Street Journal reported that the company was in the early stages of the process.
The company stated that there is no timetable or assurance that a sale will occur at all. Subway also announced that J.P. Morgan will advise the company and lead the sale exploration process.
“The management team remains committed to the future and will continue to execute against its multi-year transformation journey, which includes...
US Foods Supports Emissions Reduction Efforts With Initial Delivery of Battery-Electric Trucks
US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, announced today that it received the company’s first battery-electric powered Freightliner® eCascadia® trucks at its La Mirada, California distribution center. The company previously announced plans to add 30 electric trucks to its La Mirada fleet in 2023.
The addition of the electric trucks reinforces the company’s commitment to reducing the carbon footprint of its growing fleet and will support the company’s near-term science-based emissions reduction target recently approved by the...
Joshua Kobza Appointed CEO of Restaurant Brands International
The Board of Directors of Restaurant Brands International Inc. ("RBI") (TSX: QSR) (NYSE: QSR) (TSX: QSP) has appointed Joshua Kobza as the company's Chief Executive Officer (CEO) effective March 1, 2023, as part of its ongoing succession planning process.
Mr. Kobza has held increasingly senior roles with the company over the last 11 years, including Chief Financial Officer (2013-2018), Chief Technology Officer and Development Officer (2018-2019) and Chief Operating Officer (2019-2023), including accountability for strategy, technology, human resources, global procurement, supply chain and international development...
SONIC Drive-In to Open First Hawai’i Location on Monday, February 20
On Monday, February 20, SONIC® Drive-In will introduce the brand’s iconic menu and experience for the first time in the state of Hawai’i with the opening of a new location in Kahului, Maui. Located within the Ho’okele Shopping Center at 1110 Ho’okele Street, the drive-in is owned and operated by North Shore Provisions, LLC, d/b/a SONIC Drive-In Hawai’i, and will welcome guests from 7 a.m. to 11 p.m. seven days a week.
Whether you’re road tripping through the states or vacationing...
Whataburger Hires New Chief Operating Officer
Whataburger has hired Debbie Stroud as its new Executive Vice President and Chief Operating Officer. Debbie is a seasoned executive with more than 30 years of leadership experience in the restaurant and retail industry, most recently as Senior Vice President, U.S. Retail Operations for Starbucks Coffee Company.
During her five years at Starbucks, Debbie was instrumental in creating a strong vision for operational excellence and shared her passion to achieve results as a team. She led the regional vice president team that oversaw store operations across the country...
Roses are Red, Violets are Blue, the Cardi B & Offset Meal is Coming to a McDonald's Near You
While it might not be an official love language, our fans know a true sign of love is knowing your person's go-to McDonald's® order – from memorizing how your bestie takes their McCafé® coffee to knowing your bae's McDelivery meal by heart. And no matter what's in the order, it always tastes a little better when enjoyed together...
So in honor of the season of love, we're serving up the first-ever celebrity duo meal with lifelong McDonald's fans...
Love in a Time of Inflation: How Much Will Valentine's Day Set you Back?
This Valentine's Day is set to look different after a year of record food inflation that has sent up prices of everything from flowers to chocolates and dining in restaurants.
COVID-era supply chain logjams and Russia's invasion of Ukraine have meant that Britons paid a record 16.7% more for food in the four weeks to Jan. 22 compared to the same period last year, according to research firm Kantar.
As a result, romantic Valentine dinners out will cost more and restaurants are modifying their offerings...
Brinker International Names New Supply Chain Leader
Brinker International, Inc. recently announced James Butler has joined the company as Senior Vice President and Chief Supply Chain Officer. In his new role, Butler oversees all supply chain functions, including procurement, food safety and quality assurance, distribution and logistics, brand program management and supply chain systems for Brinker's corporate-owned restaurants.
"James is a visionary leader who builds collaborative, integrated teams and coaches future leaders to continually improve and drive results," said Kevin Hochman, President and CEO of Brinker International. "He will play a key role in executing on our new strategic...
The Wendy's Company Strengthens Commitment to Climate Action
Today, The Wendy's Company announced near-term, science-based targets to reduce Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 47% by 2030 across its global System. The goals, which were recently approved by the Science Based Targets initiative (SBTi), underscore Wendy's® commitment to transparency and mitigating its climate impact.
Wendy's Near-Term Science-Based Targets
Compared to a 2019 base year, by 2030, Wendy's goal is to reduce:
- Absolute Scope 1 and 2 GHG emissions by 47%- Scope 3 GHG emissions intensity by 47% per metric ton of...
Diving Into Restaurant Promotions Ahead of the Big Game
Urner Barry’s Courtney Shum dove into the retail and wholesale side of the protein landscape ahead of the Super Bowl and today, it is time to focus on restaurants and bars.
There will be specials galore for those heading out to enjoy the game with friends, but restaurants are also leaning into delivery and pick-up deals for those hosting parties for the big game at home.
Of course, chicken wings take center stage for this event and the National Chicken Council expects 1.45 billion...
Performance Food Group Company Reports Second-Quarter and First-Half Fiscal 2023 Results
Performance Food Group Company (“PFG” or the “Company”) (NYSE: PFGC) today announced its second quarter and first half fiscal 2023 business results.
“Our momentum continued into the fiscal second quarter, with another period of strong sales and profit results for our company,” said George Holm, PFG’s Chairman & Chief Executive Officer. “Our Foodservice segment produced organic independent restaurant case growth, leading to another quarter of market share gains. Our execution across all business segments, along with positive mix shift, led to margin expansion and strong cash flow generation...
The NPD Group: Foodservice Traffic in Canada Grew by Double-digits in 2022
The past two years were about the recovery and revival of the Canadian foodservice industry. Visits to restaurants and foodservice outlets grew by 11% in 2022, over an 11% gain in 2021, reinforcing upward momentum, reports The NPD Group*. Consumer spending increased by 19% last year compared to the year before, primarily due to higher prices. NPD forecasts modest foodservice traffic growth in 2023 of just over 2%, which is the pre-pandemic growth rate.
Customer visits to quick service restaurants (QSR), representing 67% of total...
PrimoHoagies Offers Full Line-up of Catering Options to Fuel Your Team for the Big Game February 12
PrimoHoagies, famous for mouth-watering hoagies piled high with top-quality meats, cheeses, and a unique blend of spices, is celebrating the Big Game on February 12 with a variety of catering options available at nearly 100 locations across the country.
Get the party started with fan-favorite appetizer trays including:
- The Italian Sampler: Marinated mozzarella, pepperoni bites, sharp provolone, roasted red peppers, olive shooters, buffalo cheese bites, and sopressata.- The Pepperoni and Cheese Sampler: Pepperoni and sharp provolone, with roasted red...
Planet Based Foods Partners with Elevated Colorado Restaurant
Planet Based Foods Global Inc. (CSE: PBF) (OTCQB: PBFFF) (FRA: AZ0) ("PBFG", "Planet Based Foods" or the "Company") is pleased to announce that the Company has partnered with Basecamp Durango, a 100% plant-based kitchen, bar and market located 20 minutes north of Durango, Colorado, to feature a variety of Planet Based Foods products including:
- The Green Chili Southwest Burger - Subtly sweet and spicy flavors of our Green Chili Southwest Hemp Burger, crafted with fresh, zesty slices of green chiles and Southwestern-inspired natural seasoning...
FAT Brands Accelerates Organic Growth in 2022 with 362 Stores Added to Development Pipeline
FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company that owns a number of iconic restaurant brands, including Johnny Rockets, Fatburger, Round Table Pizza, Twin Peaks, Fazoli’s and 12 other concepts, announces it has experienced a historic year of growth, opening 142 new stores in 2022 and adding a total of 362 stores to its development pipeline which spans 29 states and 17 countries.
Leading the way in new store development amongst FAT Brands’ concepts was Fatburger and Buffalo’s Express with 86 stores...
Wendy's Unveils Craveable 2 For $6 Deal on 2/6
WHAT: Starting today, 2/6 and for a limited time, Wendy's® is serving up one of the hottest deals of the season –the new $2 for 6 deal... see what we did there?! We're talking two of your favorites – hamburgers, chicken sandwiches, nuggets AND lemonade, but the ultimate choice is up to you.
Now, let's get to playing matchmaker… or should we say match-saver as we introduce the craveable menu items you can mix and match to create your perfect value combination...
Saladworks Spices Up Q1 with the Addition of Exciting New Menu Items
Saladworks, the nation's leading fast-casual create-your-own salad franchise and part of the WOWorks family of better-for-you restaurant brands, started the year with the addition of a new salad, grain bowl, wrap, and grilled cheeses, with flavors to excite customers' taste buds.
The new featured menu offerings are available now through May 7, 2023 at all Saladworks locations, and aim to provide guests with familiar favorites with the addition of exciting and unique flavor kicks. The featured items on the menu include...
The NPD Group: Plant-based Beverages Food, Becoming Staple in Homes, Becoming Option at Foodservice
The recent buzz about plant-based foods at retail and foodservice has many questioning if interest in plant-based foods is a fad or a long-term trend. Plant-based is a small but expanding category, and as more innovations and products become available and accessible, consumer interest broadens. According to The NPD Group*, about 25 million consumers eat plant-based beverages and foods occasionally or regularly, consuming these foods as part of a meal or as an ingredient...
KFC Takes New Kentucky Fried Chicken Wraps Nationwide
Kentucky Fried Chicken® announced a new menu item that will have wrap lovers on cloud nine. Starting Feb. 6, Kentucky Fried Chicken Wraps will be available at participating restaurants nationwide for a limited time. To celebrate their release, those looking for a meal on the go or a deal can enjoy two KFC Wraps for just $5!
After a successful test in Atlanta in 2022, the new KFC Wraps will finally be available to everyone. KFC is a brand known for listening to its fans, and they made it loud...
Red Robin Names Brian Sullivan as VP of Culinary & Beverage Innovation
Red Robin Gourmet Burgers and Brews is excited to announce the hiring of Brian Sullivan as its new Vice President of Culinary & Beverage Innovation. Sullivan will be leading the brand's efforts to elevate the guest dining experience, which include investing more in food quality and refreshing the menu, as part of the recently-unveiled "North Star" five-point turnaround plan to drive stronger results for the business.
Sullivan is well-positioned to lead this initiative as a visionary leader with over 40 years of industry-leading expertise in...
US Foods Adds Tech Firms to CHECK Business Tools Program to Help Operators Address Labor Shortages
US Foods Holding Corp. (NYSE: USFD), one of America’s largest foodservice distributors, today announced the addition of two transformative technology offerings to its CHECK® Business Tools program: Bear Robotics and 7shifts. US Foods CHECK Business Tools program provides foodservice operators with a growing suite of technology solutions designed to help drive traffic, simplify staffing and reduce waste. Bear Robotics and 7shifts were ultimately selected to join the US Foods CHECK Business Tools line-up after participating in the company’s Innovative...
The NPD Group: Restaurant Industry Witnesses Stability Following Myriad of Headwinds
A pandemic, labor shortages and record inflation are just a few of the challenges that the foodservice industry has faced since early 2020.
The industry persevered and The NPD Group believes calmer seas may be ahead. Findings from The NPD Group show that U.S. commercial foodservice customer traffic to restaurants and other foodservice outlets ended 2022 flat compared to a year ago. Consumer spending at foodservice outlets was up 4%, thanks to higher prices.
“Looking forward to 2023, we anticipate improvements in supply chain disruptions, inflation deceleration...
The Retail Rundown: Comparing Urner Barry's Protein Indices
Seafood features climbed to the top spot across proteins this week with 30% of feature volume. Pork follows with 24%, while beef chimes in with 22%—down from 27% the week prior. Chicken accounts for 19.5% of ad space, while turkey holds onto just over 2%. Buying opportunities for eggs have dwindled in recent weeks and are currently registering zero.
A look at Urner Barry's Weekly Retail Feature Indices so far this year shows that seafood features are priced the highest overall, while chicken features as a whole are the lowest. Seafood and chicken are above their respective year-ago levels, while pork and beef are showing a discount to 2022 levels...
Sysco Reports Second Quarter Results
Sysco Corporation (NYSE: SYY) (“Sysco” or the “company”) today announced financial results for its 13-week second fiscal quarter ended December 31, 2022.
Key financial results for the second quarter of fiscal year 2023 include:
- Sales increased 13.9% versus the same period in fiscal year 2022;- U.S. Foodservice volume increased 5.2% versus the same period in fiscal year 2022;- Gross profit increased 15.9% to $3.3 billion, as compared to the same period last year;- Operating income increased 44.0% to $640.6 million, and adjusted1 operating income increased to...
Super Bowl Sneak Peak: What Are Protein Wholesale Markets Doing?
With less than two weeks to go, fans across the country are gearing up for Super Bowl LVII: Chiefs vs Eagles. Philly center Jason Kelce and Kansas City tight end Travis Kelce will be the first brothers to play each other in the Super Bowl, adding to the palpable excitement ahead of the big game.
From friendly sibling rivalry to maybe not-so-friendly opposition between the two fanbases, contrasts can be drawn between the teams and their hometowns. Which city has the best specialties when it comes to food? Do cheesesteaks, a quintessential Philly staple, overtake Kansas City’s delectable slowly smoked barbeque, or is it the other way around?
While there is no clear answer, wholesalers and retailers alike are cheering for protein lovers from all persuasions. The Super Bowl...
Church’s Texas Chicken, Texas Chicken Reflect on a Successful 2022; Look Toward Growth in 2023
Cajun Operating Company, the operator of the Church’s Texas Chicken® and its sister brand, Texas Chicken™, ended 2022 on a high note with several exciting expansion deals and milestone celebrations, looking to continue on its path of success in 2023.
“After looking back on 2022 and the numerous accomplishments we’ve made, our team is focused on the future of our brand,” said Tim Waddell, Executive Vice President of International Business. “We are striving towards...
TGI Fridays New Three-Course Feast Menu Brings All the Friday Feels Without Breaking the Bank
For fans seeking a guaranteed good deal – and good time, TGI Fridays is serving up a can't-miss menu for guests to share that's sure to please both their taste buds and their wallets. Starting today (just in time for Valentine's Day) through April 3rd, the brand is serving up the all-new Fridays Feast menu – a complete three-course meal for two starting at just $28*.
Only available for a limited time, fans will want to get a taste of Fridays Feast...
McDonald's President: California Keeps Looking for Ways to Raise Prices, Drive Away More Businesses
Whether you're a lawmaker, a business owner or leader, or an everyday voter, one thing is clear: California has become a dramatic case study of putting bad politics over good policy.
Last fall, the legislature passed a bill – AB257, or the FAST Act – almost entirely at the behest of organized labor's firm grip on many of the state's lawmakers. It makes it all but impossible to run small business restaurants, but the impacts are far beyond that. Under the FAST Act
Papa Johns Unveils New Design for International Restaurants
Papa Johns today announced a new design for international restaurants that invites people to enjoy Papa Johns premium pizza together in a warm setting that brings to life the Papa Johns promise of Better Ingredients. Better Pizza.® Premium ingredients – the core of the Papa Johns experience – are highlighted throughout the new restaurant through colors, lighting and decor that showcases Papa Johns new visual brand identity. In a streamlined and flexible environment, Papa Johns team members will be equipped to more efficiently create quality food and serve it in the seamless, personalized...
Only available for a limited time, fans will want to get a taste of Fridays...
The Retail Rundown: Seafood Feature Volume Increases
Seafood feature volume increased to the top spot across the protein complex this week. Seafood ads account for nearly 30% of total protein ads, while beef is a close second with 29%. Pork features claim about 23%, while chicken makes up 17%. With the holiday baking season behind us, egg features accounted for less than one percent of total retail buying opportunities.
In the seafood complex, fresh finfish was the top seller last week with $28.3 million in total sales, or about 32% of the total seafood sales value. A deeper dive into the finfish category shows fresh salmon as the leading species among shoppers. Salmon retailed at an average of $11.24 non-discounted, versus $10.37 discounted.
Fresh cod purchases ranked second with about $19.2 million in sales for the week ended January 8. In the frozen aisle, shrimp retailed at $9.23 non-discounted, 14.5% higher than its discounted average price. Convenient prepared options including frozen seafood cakes made a splash with $560,320 in total sales, according to Information Resources, Inc (IRI) data...
Uber Eats and Visa Partner for Greener Restaurant Packaging
Uber (NYSE:UBER) and Visa (NYSE:V) today announced a new program designed to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions, as part of a broader year-long effort to support SMBs who use Uber Eats to grow their businesses.
Together, the two companies will make $1 million accessible to qualifying Uber Eats restaurants in New York, Los Angeles, London, Paris and Madrid to be used towards funding sustainable packaging solutions to help transition to a greener future, which hospitality industry research indicates...
The Wendy's Company Reports Preliminary Fourth Quarter and Full Year 2022 Results
The Wendy's Company (Nasdaq: WEN) today reported preliminary, unaudited results for the fourth quarter and fiscal year ended January 1, 2023. The Company plans to release its audited financial statements and file its annual report on Form 10-K on March 1, 2023.
"Our 2022 results highlight the strength and resiliency of the Wendy's® brand as we continued to deliver compelling sales and profit growth," President and Chief Executive Officer Todd Penegor said. "During the year, global same-restaurant sales reached double digits on a two-year...
REPORTER: Convenience Stores Could Be The New Quick-Service Restaurant
This article was originally featured in the Winter 2023 Edition of Urner Barry’s Reporter magazine. Want a FREE subscription? Click HERE.
Step aside fast-food restaurants, convenience stores are taking the spotlight. With hot and ready-toeat meals, they are offering cheaper alternatives than what you may find at your local quick-service chain.
Convenience stores are the typical go-to store to get a pack of gum or bag of chips when stopping at the gas station, or even during a road trip to grab a quick bite...
Jollibee to Debut Its First Two-Lane Drive-Thru in U.S. at Orlando, Florida
Restaurant sensation Jollibee is rapidly expanding across North America and sunny Orlando, Florida is next on the list. Known for offering delicious food at great value, Jollibee is bringing its friendly customer service and signature brand of joy to the city of Orlando.
On January 18, 2023, Jollibee will debut its Orlando storefront at 11891 East Colonial Drive and invites hungry Floridians to experience what sets Jollibee apart from its competitors – extraordinary menu offerings and friendly customer service. Jollibee specializes in all things fried...
In-N-Out Burger Announces Expansion to Tennessee
In-N-Out Burger, California's first "drive-thru" hamburger stand founded by Harry and Esther Snyder in 1948, today announced intentions to open future restaurants in Tennessee with an Eastern territory office to be built in the city of Franklin.
“We are very excited to provide Tennesseans with our quality burgers, fries and shakes,” said Lynsi Snyder, In-N-Out owner, president and sole granddaughter of Harry and Esther. “In every decision I make, I always consider what my family would want...
U.S. Restaurants per Capita at Lowest Point in 25 Years, MUFG says
The number of U.S. restaurants – including chain franchises and independent stores – has not yet rebounded to pre-pandemic levels, and is still meaningfully lower than what it was before the advent of COVID-19, according to Nick Cole, Head of Restaurant and Hospitality Finance at Mitsubishi UFJ Financial Group (NYSE: MUFG).
As 2022 comes to an end, Cole shares several viewpoints on the restaurant industry.
Restaurant supply remains low
"The number of restaurants per capita is at its...
Carrols Restaurant Group, Inc. Announces the Passing of President and CEO Paulo A. Pena
Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced the passing of Paulo A. Pena who died unexpectedly in the hospital on Saturday, December 31, 2022. Mr. Pena, who had served as the Company’s President and Chief Executive Officer since April 1, 2022, was 50 years old.
David Harris, the Chairman of the Board of Directors of Carrols, said, “We are deeply saddened by the untimely passing of our friend and colleague Paulo Pena...
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