Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Dao Foods
Dao Foods is a China-focused impact investment firm whose goal is to ultimately “reduce the consumer demand for industrial animal agriculture” through fueling startups “who are targeting the 400 million millennials in China with new, exciting, and delicious plant-based proteins”. The firm was founded by seasoned investors Tao Zhang and Albert Tseng alongside Beyond Meat investor New Crop Capital and the Good Food Institute.
In October 2020, Dao Foods announced a 3-year plan to invest in 30 Next-Gen Good Food Ventures using...
Sabir Sami Promoted to KFC Division CEO, Effective January 1, 2022
Yum! Brands, Inc. today announced the promotion of Sabir Sami, 54, to KFC Division Chief Executive Officer, reporting to Yum! Brands Chief Executive Officer David Gibbs, effective January 1, 2022. Sami, a 12-year veteran of the Company, who currently serves as KFC Division Chief Operating Officer and Managing Director of KFC Asia, will succeed Tony Lowings, who is stepping down as CEO at the end of 2021 in advance of his retirement in early 2022. In this role, Sami will assume global responsibility for driving the brand strategy...
McDonald’s Happy Meal Toys Go More Sustainable
For more than 40 years, kids and families have delighted in Happy Meals for delicious food and great fun. Many of us have fond memories of playtime fueled by a toy found inside that magical box.
Today we’re taking a step to keep the fun going while helping to build a more resilient planet for the next generation.
Starting now, and phased in across the globe by the end of 2025, our ambition is that every toy sold in a Happy Meal will be sustainable, made from more renewable, recycled, or certified materials...
Carl's Jr. and Hardee's Continue Hand-Breaded Chicken Innovation with New Hot Honey Chicken Lineup
Today, Carl's Jr. and Hardee's are providing a kick of sweet heat to your day with the debut of their Hot Honey Chicken Sandwiches, including the Hot Honey Hand-Breaded Chicken Sandwich, Hot Honey Hand-Breaded Chicken Biscuit and Hot Honey Hand-Breaded Chicken and Waffle Sandwich.
To celebrate the launch, Carl's Jr. and Hardee's are teaming up with Adult Swim, adding even more flavor to the Hot Honey lineup release. Beginning Sept. 22 - Nov. 7, fans can make any combo an Adult Swim meal...
Denny's Seasonal Fall Menu Returns
Just in time for fall, Denny's is launching its new limited-time fall menu today, featuring a selection of new and returning favorites, all packed full of seasonal flavors. Whether guests are looking to enjoy traditional autumn spice flavors, chocolatey goodness or classic breakfast dishes, Denny's has options for everyone.
The Pumpkin Pecan Pancake Breakfast is making its autumnal comeback for a limited time as this fall's Spotlight Stack, featuring pumpkin pancakes made with real pumpkin and cooked with pecans, then drizzled with a pecan pie sauce. The meal is served with fresh eggs...
Chicken Salad Chick Targets Midwest for Development, Announces Aggressive Franchise Growth Goals
Chicken Salad Chick, the nation's only Southern inspired, fast casual chicken salad restaurant concept, announces aggressive franchise expansion plans for the Midwest. The fast-growing brand has mapped out development goals to add 50 locations to the pipeline for the Midwest in the next four years via strategic franchise partnerships.
These development goals build on the tremendous growth Chicken Salad Chick has experienced this year, with 17 signed agreements year-to-date and 40 locations projected to open by year-end. In addition to this impressive development...
U.S. Restaurant Industry Continues Gradual Recovery in August While Dine-in Visits Remain Low
Despite bad weather and the delta variant spread, consumer online and physical restaurant visits in August continued to recover from last year’s steep declines, reports The NPD Group. U.S. restaurant traffic increased by +5% over the -10% decline in August 2020 and declined by -5% compared to the pre-pandemic level in August 2019. Larger average check sizes drove a +13% increase in dollars compared to a year ago and a +3% gain in dollars over the same month two years ago, according...
Subway® Restaurants' Historic Brand Refresh Results in Positive Sales Momentum
Subway® fan brand love is stronger than ever following the launch of Eat Fresh Refresh™, a campaign debuting the biggest menu changes in the brand's history.
Sales momentum has steadily been building since the beginning of 2021, including positive same store sales in Q2 of 2021, versus Q2 of 2019, and the Eat Fresh Refresh launch accelerated this momentum, with August sales the strongest Subway has experienced since 2013.
Overall U.S. restaurants sales in August are up more than 4%, compared to the same period in 2019...
Cracker Barrel Reports Fourth Quarter And Full Year Fiscal 2021 Results And Quarterly Dividend
Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2021 ended July 30, 2021.
Fourth Quarter Fiscal 2021 Highlights
- Total revenue in the fourth quarter of $784.4 million was approximately flat compared to the fourth quarter of fiscal 2019 total revenue of $787.1 million.- Compared to the fourth quarter of fiscal 2019, comparable store restaurant sales decreased 6.8% and comparable store retail sales increased 18.2%. - Comparable store off-premise restaurant sales grew 108.6% compared to the...
Chipotle Launches Smoked Brisket In The United States And Canada
Chipotle Mexican Grill today announced Smoked Brisket will be available at U.S. and Canada restaurants for a limited time. Made with Responsibly Raised® beef, the new protein is smoked to perfect tenderness, charred on the grill, and seasoned with Mexican spices, including fire-roasted jalapenos and chipotle chili peppers. The protein is hand-chopped and finished with a new Brisket sauce made with smoky chili peppers.
Brisket: The Chipotle WayBrisket has been consistently among the top requested menu items by Chipotle guests. Over the past two years, Chipotle's...
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
US Foods Holding Corp. announced the launch of Fall Scoop, the company’s 10th annual edition of Scoop. Themed, “Next-Gen Ideas for Next-Gen Diners,” Fall Scoop features 23 products that cater to the next generation of diners, Gen Z and Millennials. More than half of the nation’s total population are now members of the millennial generation or younger, making them the largest age group of diners who can drive important revenue opportunities for operators. This generation of diners is different than their predecessors – they want familiar menu items with a twist, sustainable and meatless items, and social media-worthy presentations. Fall Scoop products deliver on these demands to entice, attract, and delight this younger generation of dining enthusiasts and help operators “Make It.”
“We’re bringing fresh ideas to our operators that provide the labor savings and versatility they need today with the innovation they’ll need moving forward as they cater to the next generation of diners,” said Stacey Kinkaid, vice president, product development and innovation, US Foods. “To support our Fall Scoop theme...
Andrew Truett Cathy Named Third Chief Executive Officer of Chick-fil-A, Inc.
Today, Sept. 16, 2021, Chick-fil-A, Inc. announced that Andrew Truett Cathy will assume the role of Chief Executive Officer on Nov. 1, 2021. Andrew, 43, will succeed his father Dan T. Cathy, 68, who has served as CEO since 2013. Following the CEO transition, Dan will remain Chairman of the Board, and Tim Tassopoulos will continue as President and Chief Operating Officer. Andrew has been Executive Vice President of Operations since 2019.
“The most successful CEO transitions are made when the next leader is..."
Nathan's Famous Launches New Bacon Cheddar Cheesy Burger in Celebration of National Cheeseburger Day
Nathan's Famous, Inc., the American tradition serving New York favorites for more than 100 years, announces the launch of its newest menu item, the Bacon Cheddar Cheesy Burger, just in time for National Cheeseburger Day on September 18. The burger features fresh Angus beef, Applewood smoked bacon, and Nathan’s hot, real cheddar cheese sauce.
"We continue to expand our menu based on our customers’ feedback and preferences, and this burger is no exception," states James Walker, Senior Vice President, Restaurants...
Subway® Accelerates Delivery Growth, Teams Up With NASCAR Driver Kevin Harvick
Subway® restaurants with Stewart-Haas Racing and driver Kevin Harvick today unveiled a new paint scheme as part of its return to the NASCAR Cup Series. The refresh to the No. 4 car highlights Subway Delivery and will be featured in three races this season, starting Saturday night at Bristol (Tenn.) Motor Speedway.
Now available nationwide, Subway Delivery powered by DoorDash allows guests to order their Subway favorites via the Subway app or on Subway.com. Guests can now earn and redeem Subway MyWay® Rewards points on...
Del Taco Signs New 10-Unit Franchise Development Agreement in Virginia Beach
Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant*, has signed a deal with successful franchisees Bharat Patel and Steve Kissel of Virginia Taco, LLC (“Virginia Taco”) to open 10 units in the state of Virginia – a new state on the Del Taco roster. The deal will give the franchise group rights to open in Virginia Beach, Chesapeake, Portsmouth, Norfolk, Hampton, and Newport News and helps pave the way for additional growth in Southern Virginia and throughout the Carolinas.
“Since inception in 2000, we’ve been able to rapidly expand our portfolio to include household names such as Subway, Tropical Smoothie, Mahi’s and more and are thrilled to add Del Taco to that list,” said Bharat Patel, CEO of Virginia Taco. “Del Taco is an influential brand,
Wingstop Announces Expanded Role for President of International Nicolas Boudet
Wingstop, the leading technology-focused restaurant brand with more than 1,600 locations worldwide, announced an expanded role for Nicolas Boudet to SVP of Global Development in addition to his current role, President of International.
"Since joining in 2018, Nicolas has made a profound impact on Wingstop's international footprint, pioneering the UK market and laying incredible groundwork for global growth," said Chairman and CEO Charlie Morrison. "Nicolas' strong background in development at leading brands will help catapult Wingstop to achieve our stated vision of becoming a Top 10 Global Restaurant Brand..."
Einstein Bros. Bagels Brings Queso To The Breakfast Table With New Bacon & Queso Egg Sandwich
If you need an excuse to eat delicious, ooey-gooey, spicy-melty cheese in the morning, this is it. Einstein Bros.® Bagels continues to innovate the most important meal of the day with queso for breakfast! The Bacon & Queso Egg Sandwich will be available starting Sept. 16, ahead of National Queso Day on Sept. 20.
The Bacon & Queso Egg Sandwich features Einstein Bros. Bagels signature queso, updating a classic queso recipe to include double-whipped Jalapeno Salsa Shmear and spicy green chiles...
Cheese The Day! Hamburger Stand Celebrates National Cheeseburger Day With Special Deal
Not to be cheesy, but great things come in pairs. That's why Hamburger Stand, known for its deliciously juicy burgers, is celebrating National Cheeseburger Day with a special Buy One Get One deal. Visit your nearest location on September 18th, order a Cheeseburger and get one FREE with this coupon! The chain's tasty Cheeseburger is made with 100% beef patty, topped with American cheese, mustard, ketchup, pickle and minced onions.
"There are two things Hamburger Stand excels in: 1.) Making delectable food and 2.) celebrating," said Doug Koegeboehn...
Wingstop Adds Thighs to Its Menu
Wingstop, the leading technology-focused restaurant brand with more than 1,600 locations worldwide, gained virality this summer with the announcement of its virtual brand, Thighstop. Starting today, thighs are officially joining the Wingstop menu, which means flavor fans can now enjoy delicious, crispy bone-in thighs and boneless Thigh Bites alongside Wingstop's famous wings, tenders, sides and dips.
"When launching Thighstop as a virtual brand, we knew our fans would be excited to try thighs," said Wingstop's Chief Growth Officer Marisa Carona. "The response was overwhelming, and...
Aramark Announces Food and Beverage Innovations as 2021 NFL Season Kicks Off
As fans return to stadiums across the country for the 2021 National Football League (NFL) season, Aramark, the award-winning food and beverage partner of 10 NFL teams, is introducing a variety of innovative service offerings, state-of-the-art ordering methods, and signature food and beverage items to enhance the game day experience.
“Aramark remains at the forefront of stadium innovation, and we’re thrilled to once again showcase our commitment to service and hospitality through an expansive roll-out of technology innovations that we have piloted..."
OpsAnalitica and FreshFry Launch Partnership to Help Restaurants Define and Track Sustainability
OpsAnalitica, the restaurant ops and food safety compliance analytics platform, and FreshFry, the sustainable food tech company providing restaurants with all-natural, plant-based, easy to use frying oil filtering solutions, are thrilled to announce their partnership in an effort to help restaurants define and track sustainability.
The food industry spends over $80B per year on edible oil and together, the OpsAnalitica and FreshFry partnership provide restaurants with money-saving solutions for oil mismanagement. The partnership is an integration of FreshFry's compliance checklist into the OpsAnalitica platform...
Yum! Brands Completes Acquisition of Dragontail Systems
Yum! Brands, Inc. announced today the completion of its acquisition of Dragontail Systems Limited (Dragontail), an innovative provider of technology solutions for the food industry, following the successful implementation of the previously announced share scheme of arrangement in accordance with Australian corporations law.
Yum! Brands acquired all of the issued and outstanding common shares of Dragontail for A$0.235 per share in cash or a total of approximately A$93.5 million. With today’s announcement, following the approval by the Australian Federal Court and by Dragontail shareholders and certain other...
Del Taco Group Expands Florida Development Agreement After Successful First Opening
Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant, announced its newest multi-unit deal that will add 10 new locations to the state of Florida in partnership with franchisees Aman Singh, Ajay Singh, Navdeep Bassi and Shubegh Bassi. The expansion deal comes just a few months after the franchisee family opened their first location in Melbourne, FL in May 2021 – the first of an existing three-unit commitment that was made in 2019. By adding 10 new restaurants to their deal, the franchisee family gains...
Former Popeyes Executives Sign Agreement to Acquire Seven Bojangles Restaurants and Add 11 More
Bojangles, one of the nation’s leading restaurant franchises famous for its chicken and biscuits, announced today the signing of a franchisee agreement with newly formed franchise group Cedartown Chicken, LLC (“Cedartown”), led by restaurant development industry veteran Greg Vojnovic and a team of former Popeye’s executives. Under the agreement, Cedartown has acquired seven existing Bojangles locations in western Georgia from Robinson Holdings, a former franchisee. In addition to the acquisition of the restaurants, Cedartown has signed an agreement with Bojangles to develop 11 new restaurants in...
Former Red Robin CEO Denny Marie Post Joins Nextbite as Advisor
Nextbite, a leader in virtual restaurants, today announced that Denny Marie Post, a 35-year restaurant industry expert and former CEO of Red Robin, has joined the fast-growing company as Advisor. Post will guide Nextbite’s success through disciplined idea pipelines and strategies based on consumer demand to drive sales and increase brand recognition. As the company continues to expand, it will tap Post’s deep expertise in identifying solutions and creating successful brands for enterprise restaurants.
As Nextbite continues its strong growth trajectory, Post will advise on strategies to...
Church's Chicken Introduces Everyday Family Value Meals
At Church's Chicken, value is at the center of the entire dining experience. One of the ways Church's is continuing to redefine value is through the Feed Six Meal, which allows customers to choose from a 10-piece Mixed Chicken or 12-piece Legs & Thighs or 15-piece Texas Tenders™ and three Large Classic Sides or two Large Classic sides and six scratch made Honey-Butter Biscuits™, all starting at $20. For a limited time, guests can also opt for four Church's Chicken Sandwiches with a choice of...
Chipotle Continues To Evolve Its Loyalty Program And App Experience With Record Digital Sales
Chipotle Mexican Grill today announced it is continuing to evolve its digital experience with enhancements to the Chipotle Rewards program, which has helped the business already surpass $2 billion in digital sales this year. The Chipotle Rewards program now boasts 24 million members and remains among the fastest growing loyalty programs in the history of the restaurant industry.
Introducing Extras from Chipotle RewardsToday, Chipotle is officially rolling out Extras, an exclusive feature for Chipotle Rewards members that unlocks access to extra points, helping...
White Castle's 'Crave Clutch™' Comes in Clutch for Smaller Gatherings with Friends and Family
A year after its launch, White Castle's Crave Clutch has proven to be a popular addition to the brand's lineup of iconic packaging. Customers have embraced the colorful carryout box, which holds 20 Sliders, because it's an ideal size for family meals and smaller friend gatherings that have been so common during the COVID-19 pandemic.
In honor of the one-year anniversary of the launch of the Crave Clutch, White Castle is giving customers $4 off of White Castle's Share-A-Meal #9...
IHOP Bolsters Executive Leadership Team With Two New Hires
IHOP® restaurants announced new additions to its executive team, hiring Jacob Barden as Vice President of Development, and Michael Kaufman as Vice President of Strategy and Business Analytics, effective August 2021. Both Barden and Kaufman will report directly to Jay Johns, President.
“Both Jacob and Michael have proven track records of success and a wealth of category knowledge, and we’re thrilled to welcome them both to the team,” said Johns. “With new innovative endeavors, a strong development strategy and the expansion of our menu beyond breakfast, we are bringing..."
Wendy's Introduces First-of-Its-Kind Big Bacon Cheddar Cheeseburger
Wendy's® just launched the new Big Bacon Cheddar Cheeseburger. The third addition to the Made to Crave lineup this year, this sandwich flips the notion of a traditional bacon cheeseburger on its bun.
"...We had a desire to dial-up what we do best and create a flavorful, pub-fare style sandwich featuring more bacon, more cheddar and more innovation," said John Li, Vice President of Culinary Innovation at The Wendy's Company. "The result is an unexpected, melt-in-your-mouth sandwich with huge craft flavors..."
Wingstop Promotes Michael Skipworth and Alex Kaleida
Wingstop, the leading digitally-savvy, tech-focused restaurant brand with more than 1,600 locations worldwide, today announced the promotion of Michael Skipworth to President and Chief Operating Officer, and Alex Kaleida to Chief Financial Officer. Michael succeeds Mahesh Sadarangani, the Company's COO who has resigned after being recruited to become CEO of a private equity-backed company.
"I'm thrilled to provide amazing growth opportunities within our organization for both Michael and Alex," said Chairman and CEO Charlie Morrison. "People are the foundation of our business, and I truly believe we have some of..."
Bojangles To Close For Two Upcoming Mondays To Give Staff a Break
Following a long, challenging year and a half for the restaurant industry, Bojangles is investing in its most important asset by closing all company-owned stores on Monday, Aug. 30, and Monday, Sept. 13, to give around 8,000 crew members and managers a well-deserved break.
Affected stores will close at their regular times the Sunday prior and reopen at their regular times the following Tuesday. For a full list of which stores will be closed on Aug. 30 and Sept. 13, go here.
“We appreciate everything our..."
Starbucks Promotes Leo Tsoi to CEO of Starbucks China
Starbucks Coffee Company announced the promotion of Leo Tsoi to chief executive officer of Starbucks China. Serving as Starbucks China’s chief operating officer and president of Starbucks Retail for the last five years, Tsoi has led efforts to grow Starbucks footprint across the Chinese mainland to 5,200 stores across more than 200 cities today. He has engineered the development of a robust and diversified store portfolio by pioneering new store concepts, which have influenced new coffee-inspired lifestyles and further elevated third place experiences for Starbucks customers in China.
As one of the leading architects behind Starbucks China’s phenomenal growth since he rejoined the company in 2012, Tsoi previously served in various leadership positions, including...
Foodservice Industry 1.1% Larger in July 2021 than July 2019
Technomic’s TIndex, the index on total foodservice industry reported monthly, was down slightly in July from June. However, this number still represents strong industry results versus 2019. The foodservice industry was 1.1% larger in July 2021 compared to 2019 and 31% larger compared to 2020.
“Softening in some noncommercial segments is the reason for the drop in the TIndex, but restaurant sales remain strong,” explains Joe Pawlak, managing principal at Technomic. “As of the end of July, there has been...
PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Barvecue
‘Plant-based’ and ‘barbecue’ may not go hand in hand yet, but a bold and tight-knit team of innovators are making changes in the barbecue belt. "In September, we will open the world's largest plant-based smokehouse, Barvecue's Carolina Smokehouse," says Lee Cooper, founder, and CEO of Barvecue. Since its inception in 2017, Barvecue has been a family affair, nestled in the lush greenery of North Carolina developing plant-based barbeque meats. The mission? “To create the best tasting plant-based barbecue on the market while building a company that cares about people, animals, and the planet," says Cooper.
Barvecue offers chopped and pulled plant-based barbecue meat, lovingly smoked using a fragrant blend of local woods. The chopped Barvecue variety is gluten free while the pulled is not, and both varieties are...
ANALYSIS: USDA Weekly Eggs Processed Numbers Climb, Driven by Manufacturing Needs
Shell Eggs Processed Under Federal Inspection came in at 1,554,781 cases for the week ending August 21st, according to data released yesterday afternoon by the USDA—an increase of...
ANALYSIS: Pondering the Potential of Chicken Wings and Boneless Breasts
Chicken market participants and football fans alike are on the edge of their seats as we inch closer towards the first kickoff of the year...
Dine Brands Global Appoints Martha C. Poulter as Member of Board of Directors
The Board of Directors of Dine Brands Global, Inc. announced the appointment of Martha C. Poulter as a new independent member of its Board of Directors.
Poulter, 54, serves as Senior Vice President and Chief Information Officer, Royal Caribbean Group, a role she has held since 2018.
Prior to Royal Caribbean Group, Poulter served as Executive Vice President and Chief Information Officer at Starwood Hotels and Resorts Worldwide, Inc., where she was the lead architect of...
Taco Bell Debuts the Crispy Chicken Sandwich Taco Nationwide
Beginning Sept. 2, Taco Bell's long-awaited Crispy Chicken Sandwich Taco will be available nationwide at participating locations for a limited time. After locally testing earlier this year in Nashville, TN and Charlotte, NC to much success, the test kitchen masterminds knew it was time to go nationwide. Fans can also get their cravings met with early access on Aug. 30 during Happier Hour via the Taco Bell app.
Fluffy like a sandwich, but folded like a taco, the Crispy Chicken Sandwich Taco is the latest from the masterminds in menu item mashups. Taco Bell is no stranger to the world of crispy chicken after introducing fan-favorites like...
Yum! Brands Appoints Pizza Hut Division CEO to Drive Global Brand Strategies and Growth
Yum! Brands, Inc. announced that Aaron Powell, 50, former President of Kimberly-Clark Corporation’s Asia-Pacific Consumer Business, will join the Company as global Pizza Hut Division Chief Executive Officer, reporting to Yum! Chief Executive Officer David Gibbs, effective September 20. In this role, Powell will assume global responsibility for driving Pizza Hut Division’s growth strategies, franchise operations and performance. Today’s announcement concludes Yum! Brands’ search for Pizza Hut Division’s top leadership post.
“We couldn’t be happier to welcome Aaron to the Yum! Brands and Pizza Hut family and believe this global brand division leadership structure will enable the Pizza Hut U.S. and international teams to further implement best practices worldwide and continue...
Lightlife and Pizza Pizza Partner to Add Plant-Based Chicken to the Menu
Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife and Field Roast announced a partnership with Canadian pizza chain and quick-serve restaurant leader, Pizza Pizza. Available now, Pizza Pizza is expanding its plant-based menu offerings by adding plant-based chicken items for the first time, including a Lightlife Plant-Based Chick’n Sandwich and Plant-Based Chick’n Bites.
“Lightlife is excited to partner with Pizza Pizza to offer consumers something they can enjoy without compromise: a delicious and satisfying breaded plant-based chicken made with simple ingredients they can feel good about,” said Dan Curtin, President of Greenleaf Foods, SPC.
For over 50 years, Pizza Pizza has been serving Canadians using...
Beef Quarterly Q3 2021: Déjà Vu Argentina
In May this year, the Argentine government imposed a 30-day suspension on beef exports. After those 30 days, new limitations were placed on the volume and type of beef that could be exported. In our feature article, we look at what impact this will have on the Argentine beef industry and the global market.
Global confirmed case numbers began rising again in mid-June, after falling from a peak in late April. Numbers in Europe, the Eastern Mediterranean region, Africa, and the Western Pacific region have seen large rises. Food retail figures remain strong, and foodservice sales were still...
McDonald's Announces Leadership Changes
Our most valuable asset at McDonald’s is our people. We take great pride in our ability to use our scale and global presence to create life-long career opportunities that serve to strengthen our McFamily. From promoting top talent from within to recruiting experienced new leaders, our focus will remain on building out the best talent pipeline in the business, so that we can continue Accelerating the Arches in an increasingly competitive market environment.
Equally important is pushing our Brand forward while we keep the customer at the center of everything we do. This facilitated the creation of Manu’s new team but has also encouraged us to...
Innovative Food Holdings Reports Financial Results for Second Quarter and First Half of 2021
Innovative Food Holdings, Inc. (“IVFH” or the “Company”), a leading direct-to-consumer e-commerce platform with complete multi-channel, specialty food and grocery capabilities for both consumers and professional chefs, today reported its financial results for the second quarter and first half of 2021.
“We are thrilled by the return to year-over-year growth within our specialty foodservice operations, which helped produce record second-quarter revenues and a 17% increase over the prior year period. Our foodservice business increased 148% despite continued uncertainty...
Carl's Jr. Enters Master Franchise Agreement in The Russian Federation to Activate Growth
CKE Restaurants Holdings, Inc. ("CKE") announced a master franchise agreement with Nevada Russia Franchising Company LLC ("NRFC") to further expand Carl's Jr.'s presence in the Russian Federation. The partnership marks an extension of CKE Restaurants' international growth plans following the opening of its 1,000th international restaurant earlier this year in Spain. The two groups are aiming to develop 300+ restaurants throughout Russia during the initial term of the agreement.
CKE is partnering with NRFC, a group that has extensive restaurant industry experience throughout Russia...
Technomic Study Uncovers Labor Crisis for Foodservice Industry May Not be Temporary
Technomic recently released the Crisis on the Front Lines Multi Client Study uncovering drivers and deterrents to unit-level employment in the commercial restaurant industry among job seekers and current employees. The strategic study also uncovers strategies and tactics for operators as they navigate staffing locations and positioning their brand as employers of choice.
“Foodservice operators are facing new challenges in connecting with job-seekers while also keeping up with...
Tom Curtis Appointed President of Burger King U.S. & Canada
José Cil, CEO of Restaurant Brands International, today announced that industry veteran Tom Curtis has been appointed President of Burger King U.S. & Canada.
“Tom joined us a few months ago and has quickly established a strong leadership position in the business and trust with our franchisees, informed by his 35 years of previous restaurant experience as both a franchisee and senior operations executive,” said José Cil. “Tom will lead the acceleration of our business to deliver on our vision that Burger King should always be our guests’ first choice for a..."
Taco Bell Teams Up with Lil Nas X and Appoints Him Chief Impact Officer
Back in 2017, Lil Nas X laid down roots working at an Atlanta-area Taco Bell as a team member. Less than five years later, he has ascended to stardom by defying conventions, charting his own course and remaining authentically true to himself - all things that Taco Bell stands for in its own way. Over the next several months, Taco Bell will "Live Nas," as Lil Nas lives Más.
As a cultural icon with an insider's perspective on the Taco Bell team member experience...
Subway Takes Over Popular Ads to Promote Eat Fresh Refresh Menu Changes
Subway restaurants announced the next phase of creative for the Eat Fresh Refresh ad campaign with a series of unexpected takeovers of national and local commercials.
Following the historic Eat Fresh Refresh launch in July, Subway has so much new to share that there isn't enough time to share the menu updates in their ads. As a result, Subway purchased space from several popular local and national advertisers. These partners help Subway cover all the new and exciting changes in its...
Checkers & Rally's Continues Nationwide Growth with California Expansion
Checkers Drive-In Restaurants, Inc., the parent company of Checkers & Rally's iconic drive-thru restaurants, today announced it is accelerating growth on the West Coast with a call for interested franchisee operators for the San Diego market. This announcement follows a recently announced 15 store development agreement in Orange County. The company has available growth opportunities through additional franchise agreements in Texas, Arizona and California markets in addition to San Diego.
With a focus on nationwide growth, Checkers & Rally's continues to bolster its multi-unit franchise system, offering...
Sysco Announces Changes to the Board of Directors
Sysco Corporation, the leading global foodservice distribution company, today announced that Nelson Peltz, chief executive officer and a founding partner, and Joshua D. Frank, partner and co-head of research, of Trian Fund Management, L.P. (“Trian”), have informed the Company that they are stepping down from the Board. Peltz and Frank indicated that the decision to step down was driven by their confidence in Sysco’s leadership, business transformation and continued operating momentum. Peltz and Frank have served on the Board since August 2015 and have made significant contributions to the Company’s business...
ANALYSIS: Depleted Inventories Contribute to Boneless Breast Rally
Although the chicken market environment has been anything but consistent lately, that’s not to say that there aren’t some familiar tenets still shining through...
Grubhub and Yandex SDG Launch Robot Delivery Technology at The Ohio State University
Grubhub, a leading online and mobile food-ordering and delivery platform on college campuses, and Yandex Self-Driving Group (SDG), a leading autonomous vehicles developer inside Yandex, one of Europe's largest internet companies, will roll out delivery via Yandex's robots at its first college campus — The Ohio State University (OSU).
More than 60,000 hungry Buckeyes will be able to order their favorite foods from on-campus dining locations via the Grubhub app and have them delivered by one of 50 Yandex robots operating at the...
Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Second Quarter Ended July 11, 2021
Red Robin Gourmet Burgers, Inc. reported financial results for the quarter ended July 11, 2021.
- Restaurant revenue of $272.2 million and Restaurant Level Operating Profit as a percentage of restaurant revenue (a non-GAAP metric) of 15.7%;- Second quarter 2021 comparable restaurant revenue increased 66.3% over the same period in 2020, and decreased 2.4% compared to the same period in 2019;- Average weekly sales per fiscal period grew by a total of $2,503 during the second quarter of 2021;- Off-premises sales comprised 32.8%, 63.8% and...
Chipotle Tests Plant-Based Chorizo in Select Markets
Chipotle Mexican Grill today announced its latest menu innovation, Plant-Based Chorizo, is in test in Denver and Indianapolis. Plant-Based Chorizo is the brand's first new plant-based protein option since the debut of Sofritas® in 2014.
All Plant-Based, For RealOver the past year, Chipotle's culinary team has worked relentlessly to develop a Plant-Based Chorizo recipe that aligns with the brand's industry-leading Food with Integrity standards and delivers a craveable plant-based protein using only real ingredients.
Chipotle's breakthrough new Plant-Based Chorizo has the...
Jennie-O Launches New Turkey Barbacoa Innovation for Foodservice
Jennie-O Turkey Store announced the company's newest, recipe ready turkey innovation that is geared toward foodservice operators – a fully cooked turkey barbacoa seasoned and marinated with paprika, garlic and guajillo chili pepper spices. This lean turkey protein is on trend with consumers who are seeking more flavorful, nutritious menu options.
"Our new turkey barbacoa is an exciting product that foodservice operators can just heat and shred," said Katie Lynch, associate brand manager for Jennie-O Foodservice. "We were intentional about the use of guajillo chili pepper for seasoning..."
Jack in the Box Awards 16 Franchise Development Agreements To Open 64 New Restaurants
Jack in the Box announced it has awarded 16 franchise development agreements year-to-date through the end of Q3 of Fiscal Year 2021 to build 64 new locations in Arizona, California, Idaho, Texas and Utah. The announcement follows the relaunch of Jack in the Box's franchise development program earlier this year encouraging existing and new franchisees to grow with the brand.
"Relaunching the franchise opportunity has been exciting and was one of our main priorities going into 2021. Over the last year and a half, we've proven to be pandemic-resistant and...
Dining Services Welcomes Students Back to Campus
As many college campuses look to reopen in full this fall for the first time since the pandemic began, Aramark joins in the celebration of our students’ resiliency. Upon campus return, students will find that campus dining has evolved over the past two years, offering healthier choices, continued commitment to sustainability, transparency in food sourcing, and an increased presence of local foods.
“The excitement of back-to-school is a little more intense this year,” said Jack Donovan, CEO and President of Aramark Higher Education. “Our goal is to exceed the expectations of our community by offering...
QDOBA Mexican Eats Promotes Eric Williams to Chief Operating Officer
QDOBA announced the promotion of Eric Williams, a seasoned foodservice industry executive with more than 30 years of experience, to chief operating officer. Previously, Williams served as vice president of franchise & license operations, and in his new role will oversee more than 740 QDOBA locations across the U.S. and Canada and support QDOBA franchise owners, ultimately ensuring the company's continued overall success.
"Since joining QDOBA, Eric has proven to be an exceptional leader capable of taking on additional responsibility," said Keith Guilbault, CEO of QDOBA. "He has provided valuable insight to...
Wingstop Announces New Growth and Technology Structure, Appoints Digital Marketing Lead
Wingstop, the leading digitally-savvy, tech-focused restaurant brand with more than 1,600 locations worldwide, today announced Stacy Peterson will now serve as EVP, Chief Digital and Technology Officer and the promotion of Marisa Carona to SVP, Chief Growth Officer and Stevie Benjamin to SVP of Digital Marketing.
These changes support the significant investments Wingstop is making to drive one-to-one interactions with the more than 25 million guests in its first-party data platform and, with nearly 65% digital sales, support the brand's drive to achieve its...
Taco Bell Announces Limited Time TRUFF Partnership
Last month, the fan-favorite Nacho Fries made its seventh debut to menus nationwide. Now, Taco Bell is spicing things up through a new partnership with fellow SoCal brand TRUFF, the truffle hot sauce brand known for reimagining and elevating pantry staples, to test Loaded TRUFF Nacho Fries and the Loaded TRUFF Fries Burrito.
Nacho Fries first changed the fry game back in 2018, disrupting traditional ketchup convention with an industry-rocking Nacho Cheese sauce pairing. Thanks to the flavor masterminds at Taco Bell and TRUFF, the secret remains within...
The Makers of Happy Little Plants Brand Launch Plant-Based Pepperoni Style Topping
For any pizzeria or restaurateur looking to add plant-based pizazz to their pizzas, Hormel Foods is introducing Happy Little Plants pepperoni style topping. Everyone should be able to enjoy the experience of pepperoni pizza. Our plant-based pepperoni-style topping will impress both plant-lovers and pork enthusiasts.
"Our team worked closely with pizzerias, chefs, foodservice operators and pizza experts to develop a plant-based pepperoni style topping that...
Plant-based Foods Market to Hit $162 Billion in Next Decade, Projects Bloomberg Intelligence
The plant-based foods market could make up to 7.7% of the global protein market by 2030, with a value of over $162 billion, up from $29.4 billion in 2020, according to a new report by Bloomberg Intelligence (BI). The report Plant-Based Foods Poised for Explosive Growth identifies growth expectations for the plant-based foods market through 2030, as global animal and dairy protein demand is poised to reach $1.2 trillion by then.
According to the new report...
Broadline Shipments of Plant Proteins to U.S. Pizza Operators Jump in Q2 2021
Pizza has repeatedly ranked in the top foods ordered at U.S. restaurants. According to The NPD Group, in the quarter ending June 2021, there were 1.2 billion servings of pizza ordered, up +4% from the same quarter last year. An aspect of pizza’s popularity is that it can be customized to serve many different tastes and needs, like the growing interest in plant-based proteins. Units of plant-based protein meat analogues and ingredients shipped from broadline foodservice distributors to pizza operators increased by +56% in the second quarter compared to a year ago, reports NPD.
There is a lot of attention in the marketplace and media about plant-based foods, but there is also interest in these foods from consumers, chefs, and restaurant operators. Based on NPD research, about 20% of consumers say...
Vegan Fast-Food Chain Opens Second College Campus Location
Plant Power Fast Food announces the opening of its newest location in the North Torrey Pines Living and Learning Neighborhood development on the campus of the University of California in San Diego (UCSD). This new location marks the ninth restaurant currently open and the second to be included on a college campus.
This is Plant Power Fast Food's first foray into a mixed use commercial residential development on a university campus. The location features indoor and outdoor dining, mobile ordering and pick up and will offer Uber Eats and...
DoorDash Plunges Into Loss On Pricey Grocery Expansion
Food-delivery firm DoorDash Inc's loss widened more than expected in the second quarter as the U.S. upstart spent heavily to expand internationally and into a crowded market for grocery during the pandemic.
Shares of the company are trading more than 4% lower in the premarket after total expenses more than doubled to $1.34 billion, overshadowing a surge in revenue.
Demand for delivery of essentials has stayed strong during the health crisis, leading DoorDash to sign new partnerships with pet specialty retailer PetSmart Inc, grocer Albertsons Inc and plant-based...
On The Border Announces Major Franchising Agreement with JRW Inc.
On The Border Mexican Grill & Cantina announced today that it has signed a 60-store Master Franchise Agreement with JRW Inc. making the Korea-based franchisee its Master Franchisor across South Korea.
With this newest agreement, JRW will expand its On The Border presence across South Korea by offering sub-franchise units to its partners.
“This agreement is an incredible opportunity for On The Border to continue the process of expanding our international presence,” said Mike Wood, Chief Development Officer for On The Border...
Wendy's and REEF Announce Development Commitment for 700 Delivery Kitchens
The Wendy's Company and REEF – the largest operator of mobility, logistics hubs and kitchens – today announced a new development commitment to open and operate 700 delivery kitchens over the next five years across the U.S., Canada and the United Kingdom. The commitment builds upon the successful test of eight delivery kitchens in Canada beginning in late 2020. Through this commitment, REEF will become the first Wendy's® franchisee in the United Kingdom.
Wendy's and REEF expect to open approximately 50 delivery kitchens in 2021, with the remainder launched by 2025...
Taco Bell And Franchisee Partner to Revolutionize the Drive-Thru Experience with Taco Bell Defy
One of its most innovative Taco Bell restaurant designs yet, Taco Bell Defy is set to break ground in Brooklyn Park, Minnesota, later this month. With plans to open its doors to the public by summer 2022, the 3,000 square-foot, two-story model features first-of-its-kind Vertical Works Inc.-licensed design and technology, and represents a true franchisee-franchisor relationship at its finest. The revolutionary pickup experience at the Defy restaurant is expected to be the fastest way ever to get Taco Bell – from cruising into any of its four lanes, to checking in, to grabbing your Taco Bell favorites – it's the frictionless future of Taco Bell.
The Defy concept was developed in partnership with Minneapolis-based Vertical Works Inc., a design company that merges manufacturing and construction to concept and build industry-leading solutions for...
Church's Chicken Announces Two New Vice Presidents, Claudia Lezcano and Sarah Whiticar
Church's Chicken recently appointed two new Vice Presidents, as the global chicken restaurant brand continues to focus on optimizing business growth. The Atlanta-based company welcomed Claudia Lezcano as Vice President, Brand Strategy & Activation, and promoted Sarah Whiticar to Vice President, Global Business Intelligence & Product Development. Both will report to Brian Gies, EVP, Global Chief Marketing Officer.
"We're pleased to strengthen and elevate our leadership team with Claudia and Sarah. As we continue our progress in fulfilling our 5-Year Strategic Plan, they will play..."
Canada’s Foodservice Industry Shows Promising Recovery in the Second Quarter Compared to Last Year
Through lockdowns, COVID-19 restrictions, and eventual reopening, Canadians released their pent-up demand and ordered from or visited restaurants and other foodservice outlets in the April-May-June quarter reports The NPD Group. Consumer spending at restaurants and other foodservice outlets increased by +43% in the second quarter of the year compared to the same quarter last year when spending declined by -41% from the year before. Visits, dining in and off-premises orders, improved by +31% compared to the second quarter year ago when traffic declined by -36%, according to NPD’s continual tracking of the foodservice industry.
Each area of the commercial foodservice market is recovering at a different pace. Quick service restaurants (QSR), many of which had well-developed off-premises services like carry-out and...
Olo Teams Up with Grubhub to Streamline Delivery and Digital Orders for Restaurants
Olo, a leading on-demand commerce platform powering the restaurant industry’s digital transformation, announced an engagement with Grubhub, a leading U.S. food-ordering and delivery marketplace, to integrate digital orders directly into the point-of-sale (POS) of tens of thousands of restaurant brand locations via Olo Rails.
Rails is Olo’s solution that makes it easy for restaurant brands to publish their menus, prices and location information on participating third-party marketplaces in order to drive incremental sales, simplify workflows and manage orders from multiple channels into one place. The solution also allows orders placed by consumers on the Grubhub website or app to be injected directly into the order stream at the restaurant to improve order accuracy and...
Hard Rock International Appoints Kimberly Manna as New Senior Vice President of Retail and Licensing
Hard Rock, one of the world's most recognizable and iconic brands, announces the appointment of Kimberly Manna as Senior Vice President of Retail and Licensing. In her new role, Manna will draw on more than three decades of experience in the retail industry, including work with companies such as Panama Jack, Sony Pictures Entertainment and Warner Brothers, to drive brand exposure and customer reach through engaging partnerships and various licensing opportunities. Manna will report directly to Jim Allen, Chairman of Hard Rock International...
The Habit Burger Grill Launches with Impossible Foods
The Habit Burger Grill announced the continuation of its offerings with Impossible Foods Inc., bringing the company's plant-based meat to select locations in the US. Beginning August 11th, The Habit Burger Grill will introduce two culinary innovations to their menu, the Original Impossible™ Burger and the Impossible™ Bistro Burger, both of which are made with Impossible Foods' award-winning plant-based meat.
Combining The Habit Burger Grill's standard for freshly prepped ingredients and high-quality food, the Original Impossible Burger and the Impossible Bistro Burger aim to satisfy guests' desire for a delicious and...
The Wendy's Company Reports Second Quarter 2021 Results
The Wendy's Company reported unaudited results for the second quarter ended July 4, 2021.
"We are thrilled to once again increase our 2021 financial outlook across all key financial metrics, driven by a transformative quarter that showcased our continued momentum and the overall strength of our business," President and Chief Executive Officer Todd Penegor said. "Our robust growth continued in the second quarter, as sales significantly exceeded our expectations, leading to restaurant level margins of more than 20 percent and record profits, fueling our restaurant economic model. We are also excited to meaningfully increase our 2025 Global restaurant target to 8,500 to 9,000, driven by a development commitment with...
Pizza Hut Expands Partnership with Beyond Meat for New Plant-Based Beyond Pepperoni Pizza Topping
Pizza Hut and Beyond Meat have reunited. The two innovation leaders are entering another milestone in their partnership with the debut of Beyond Pepperoni, a plant-based version of Pizza Hut's #1 selling pizza topping, and a first for both brands. Beginning today, the Beyond Pepperoni Pizza will be available as a test in nearly 70 locations across five U.S. markets for a limited time, only at Pizza Hut.
Beyond Pepperoni was co-developed by Beyond Meat and Pizza Hut's culinary teams and is made from simple, plant-based ingredients like peas and rice, with no GMOs, soy, gluten, hormones, antibiotics or cholesterol. As part of its ongoing partnership with Beyond Meat...
Aramark Reports Third Quarter Earnings
Aramark reported third quarter fiscal 2021 results.
“Our third quarter performance continues to reflect Aramark's strong competitive position and flexible business model as we help clients reopen within various stages of recovery, while also driving growth initiatives that resulted in meaningful new business wins and high levels of client retention," said John Zillmer, Aramark's Chief Executive Officer. "I am extremely proud of our team's dedication to serving clients and focusing on our growth agenda.”
THIRD QUARTER RESULTS
Consolidated revenue was $3.0 billion in the quarter, an increase of 39% year-over-year, that reflected increased levels of business activity compared to the prior year and lapping the first full quarter of...
The U.S. Restaurant Industry Recovery Through Second Quarter has Been Slow and Steady
The second quarter of this year reflects a period during which state and local governments lifted pandemic restrictions, restaurants reopened, people got vaccinated, and consumers used restaurants more than they did throughout the pandemic, reports The NPD Group. Consumer spending at restaurants was up +32% in the April-May-June 2021 quarter compared to the same quarter last year, and for a pre-pandemic view, flat compared to the same quarter in 2019. Restaurant visits, dining in or off-premises, increased by +22% in the quarter compared to the same quarter last year and were down -7% compared to the second quarter of 2019, according to NPD’s daily tracking of the U.S. foodservice industry.
Quick service restaurants (QSRs), representing 81% of restaurant visits in the U.S., realized a gain of +15% in visits in the second quarter compared to a year ago and a -5% decline compared to the second quarter of 2019. Throughout the pandemic, QSR restaurants, particularly...
Cracker Barrel Old Country Store Launches New Bacon Menu Items
Cracker Barrel Old Country Store announced that its menu innovation will continue this fall with new additions and limited-time seasonal beverages. Bacon is a breakfast, lunch and dinner staple and will serve as the centerpiece of two new dishes – Bacon Mac n' Cheese and Bacon n' Egg Hashbrown Casserole.
"Care is at the heart of all we do to make the guest experience unique at Cracker Barrel, and part of that is continuing to innovate and offer new menu additions like the flavorful...
Sysco Delivers Robust Fourth Quarter Results and Raises FY22 Guidance Driven by Accelerating Sales
Sysco Corporation announced financial results for its 14-week fourth fiscal quarter and its fiscal year ended July 3, 2021.
Key highlights for the fourth quarter of fiscal year 2021 included:
- Sales were stronger than expected;- Share gains continue, driven by new customer wins;- Sysco’s Recipe for Growth strategy advances;- Inflation effectively managed;- Cash flow stronger than expected, even with significant inventory investments;- International operations show...
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
Urner Barry's Fall 2021 Reporter Issue Released; Read It Online For Free Now
Urner Barry Releases September Soy & Wheat Report
The Executive Conference is Back and Better Than Ever This Year—and There's Still Time to Register!
URNER BARRY INDICES