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.
U.S. Restaurant Chain Customer Transactions Begin to Recover
In mid-March 2020, U.S. governing authorities, to get the COVID-19 global pandemic under control, restricted on-premises dining at roughly 70% of all U.S. restaurants, a historical defining moment for the industry. By the last week of March 2020, customer transactions at major restaurant chains had fallen by -43% compared to year ago and by -77% at full service chains, which were most impacted by the dine-in restrictions.
In March 2021, with the lifting of restrictions and more consumers vaccinated, customer transactions at major restaurant chains were up +32% compared to the steep declines year ago, although still down -6% compared to two years ago, March 2019. Major chain transactions at full service restaurants were up...
Carl's Jr. and Beyond Meat Partner for Plant-based Meat Menu Takeover on Earth Day
Carl’s Jr. is inspiring fans to Go Beyond this Earth Day by hosting a one-of-a-kind, one day plant-based meat menu takeover at a local restaurant in Los Angeles. The store will Go Beyond for customers to stop by and try a complimentary eco-friendly Beyond Meat® item. Fans of Carl’s Jr. and Beyond Meat who are not able to join the celebration in Los Angeles can enjoy any Beyond Burger for five dollars via an email offer at participating Carl’s Jr. locations throughout the U.S.
“We are excited to give our fans a fun, delicious way to celebrate Earth Day this year with a full plant-based meat experience at Carl’s Jr.,” said Patty Trevino, senior vice president of brand marketing at CKE Restaurants. “With nearly one-third of consumers identifying as flexitarian, we continue to...
Nathan’s Famous Adds to Hand-Dipped Chicken Sandwich Menu
Nathan’s Famous announced new additions to its recently evolved line of chicken sandwiches. The two new additions, the Nashville Hot Fried Chicken Sandwich and Sticky, Spicy Grilled Chicken Sandwich, will feature the more flavorful boneless, skinless chicken thigh, unique to QSR and Fast Casual restaurants, but popular with chefs and foodies across the country.
"We continue to evolve our menu based on customer preference and feedback, and the two new chicken sandwiches are no exception,” states James Walker, Senior Vice President, Restaurants. “After a great deal of research and development, we found that the use of the chicken thigh gave...
Taco Bell to Continue New York City Expansion this Month
Taco Bell is making its presence known with a new Cantina in the heart of Times Square. Built with the energy and on-the-go vibrance of New York City in mind, the newest restaurant embraces technology in a whole new way to serve the demands of New Yorkers.
The Cantina opens its doors to New Yorkers on April 14. Below are the unique elements of both the restaurant itself and its new neighborhood...
Domino's and Nuro Launch Autonomous Pizza Delivery with On-Road Robot
Domino's and Nuro are launching autonomous pizza delivery in Houston. Beginning this week, select customers who place a prepaid order on dominos.com on certain days and times from Domino's in Woodland Heights, located at 3209 Houston Ave., can choose to have their pizza delivered by Nuro's R2 robot. Nuro's R2 is the first completely autonomous, occupantless on-road delivery vehicle with a regulatory approval by the U.S. Department of Transportation.
This collaboration between Domino's and Nuro will introduce an entirely new delivery experience to pizza lovers. Here's how it works: select customers who place a prepaid website order from the participating Domino's store can opt to...
Nathan’s Famous Launches Value Menu Featuring Old Favorites and New Items
Nathan’s Famous announced the launch of its new value menu, featuring items from the current menu, as well as new recipes, all between $4 and $7. The launch of the Nathan’s Famous value menu provides expanded premium menu options for value conscious customers, making Nathan’s Famous more accessible for any occasion and any budget.
"For more than 100 years, Nathan’s Famous has been one of America’s top destinations for great food fast, and our goal with this new value menu launch is to make it accessible too,” states James Walker, Senior Vice President, Restaurants. “We’ve spent the past two years evolving the menu to focus on premium offerings that are memorable, craveable and Instagrammable. These new value menu items offer that same level of appeal, but...
Taco Bell Plans for Major Hiring Push in April
Taco Bell is preparing for continued restaurant growth and reopenings by launching its fourth annual Hiring Parties event on Wednesday, April 21. Converting parking lots into job fairs, these one-day events with on-the-spot interview opportunities will take place at almost 2,000 participating company and franchise-owned locations across the U.S. The goal is to hire at least 5,000 new team members from this year’s Hiring Parties.
Adhering to COVID-19 safety precautions, this year’s Hiring Parties will be held outside, in creative locations like patio areas—some candidates may even be able to participate in...
Technomic Reports Top 500 Chain Restaurant Sales Fell by More than 8% in 2020Technomic just released one of the most highly anticipated reports, the 2021 Top 500 Chain Restaurant Report, which includes expert findings and insights into the sales performance of U.S. chain restaurants from 2020. The report is built using decades of historical data with detailed analysis into the foodservice industry and overarching trends, including the impact of COVID-19 and performance rankings, as well as annual sales and unit counts by chain and segment.
“Disrupted by the COVID-19 pandemic, the Top 500 chain restaurants saw sales fall by $27 billion in 2020, decreasing by more than 8% compared to 2019,” explains Kevin Schimpf, senior research manager at Technomic. “As many small chains and independent restaurants struggled to...
Checkers & Rally's Joins the Chicken Sandwich Wars with the Candied Bacon Mother Cruncher
Checkers & Rally's is taking the QSR chicken sandwich wars to the next level. From April 5 through May 16, 2021, the brand is serving up a new version of their Mother Cruncher Chicken Sandwich, now topped with candied bacon.
Checkers & Rally's Classic Mother Cruncher chicken sandwich made its debut last summer and quickly became one of the brand's best-selling sandwiches. The Mother Cruncher's "mega crunch" breading and creamy, signature Squawk Sauce raised the bar in the QSR space.
Now, the Candied Bacon Mother Cruncher takes the Mother Cruncher's extra-crispy, all-white-meat fried chicken breast and tops it with...
Wendy's Bacon Double Stack is Back in the Biggie Bag
Wendy's is giving consumers a chance to #SecureTheBag with the return of the Bacon Double Stack in one of its best deals - the $5 Biggie Bag. The Bacon Double Stack – featuring two beef patties, Applewood smoked bacon, cheese, ketchup, mustard, pickle and onion – is back in this ultimate meal deal. With the Bacon Double Stack, customers will get 4-piece chicken nuggets (Spicy or Crispy), small fries and a small drink for just $5.
The $5 Biggie Bag is available now at participating Wendy's restaurants nationwide. Wendy's is always customer-first when it comes to value. From introducing...
ANALYSIS: WOGS--How Quickly We Forget
It’s no secret that the vast majority of key lines within the chicken complex have performed quite admirably throughout Q1...
US Foodservice: Expect an Even Bigger Lift From the Third Stimulus
Checks under the USD 1.9 trillion American Rescue Plan, the third and largest stimulus package since the pandemic outbreak, began rolling out mid-March. The US government expects nearly 85% of all US residents – adults, children, seniors – to receive direct payments of up to USD 1,400 based on household income. The ongoing stimulus is substantially higher than the last two in April and December 2020, which included direct payments of USD 1,200 (plus USD 500 per child) and USD 600 (plus USD 600 per child), respectively.
Recipients Spent 10% to 15% More in Restaurants Following the Last Two Rounds of Stimulus
Credit/debit card transaction data from Earnest Research, a data analytics firm that tracks the US consumer economy through foot traffic, credit/debit card spend, retail pricing, and healthcare data, shows...
Carl’s Jr. and Hardee’s Introduce Godzilla vs. Kong-Inspired Limited Time Offers Globally
CKE Restaurants announced today its partnership with Warner Bros. and Legendary Entertainment to promote the premiere of the highly-anticipated cinematic actioner Godzilla vs. Kong timed to the film’s release, with special edition menu offerings at Carl’s Jr. and Hardee’s restaurants around the world. Godzilla vs. Kong is in theaters internationally and, as of today, March 31, in U.S. theaters and on HBO Max for 31 days from theatrical release.
Carl’s Jr. and Hardee’s will now offer a special edition Godzilla Burger, Kong Burger and Kong Chicken Sandwich, each inspired by the epic battle for the ages between the two Titans, in more than 20 countries and regions around the globe, including Mexico, Canada, Latin America, Asia, Australia, Europe and the Middle East...
Pizza Hut Launches a Digital Carryout Option
After becoming the first national pizza brand to offer Contactless Curbside Pickup, Pizza Hut is doubling down on safety and convenience and launching The Hut Lane™, a dedicated digital order pick-up window available at over 1,500 locations across the country with more to come.
As customer preferences shifted during the early months of the pandemic, Pizza Hut adapted to offer a way for customers to place digital orders without ever having to leave their vehicles. The Hut Lane represents the next evolution of this breakthrough experience, offering safety, convenience and speed without customers ever having to park their cars.
"We are giving our customers a variety of options to optimize their pizza-eating experience as we build on our business momentum," said Nicolas Burquier, Chief Customer & Operations Officer, Pizza Hut. "Not only do we offer industry-leading, innovative menu items that are only...
Dunkin’ Celebrates 1,000th Next Generation Restaurant Opening
Back in 2018, Dunkin' opened its first Next Generation restaurant in Quincy, MA, featuring a new design with a modern atmosphere and innovative features. Now, just three years later, Dunkin' is celebrating the opening of its 1,000th Next Gen restaurant in Woodstock, GA.
For the official ribbon-cutting, franchisee Andy Awale of the Awale Network was joined by Scott Murphy, Head of Inspire Brands Beverage-Snack Category and President of Dunkin’, and Mathias Piercy, Regional Vice President at Dunkin’. Other festivities included merch and free coffee giveaways, a presentation of a $1,000 grant to the Northside Hospital Cherokee NICU – Miracle Babies Fund from the Dunkin’ Joy in Childhood Foundation, and a donation of 1,000 pounds of Dunkin’ packaged coffee to the Never Alone food pantry.
The Next Generation store concept includes...
10% of All U.S. Restaurants have Closed Permanently Since the Pandemic Began
Datassential revealed that 10.2 percent of U.S. food establishments have closed permanently since the pandemic began, citing new data from the company's proprietary Firefly database released.
Of the 778,807 food establishments in operation since the onset of COVID-19, 79,438 have closed for good as of Monday, according to the report from Datassential. The figure does include restaurants that have opened during the pandemic.
That includes restaurants at all levels of service: QSR (fast-food), fast-casual, midscale, casual and fine dining as well as food trucks. Food trucks have been affected the most of any segment, with...
Sonic Introduces New Bacon Jam Cheeseburger for a Limited Time
SONIC® Drive-In introduces a complete bacon experience with the new Bacon Jam Cheeseburger.
The Bacon Jam Cheeseburger starts with a quarter-pound, 100% pure beef patty, layered with American cheese, crispy bacon and a sweet and savory bacon onion jam, topped with mayo and mustard, all on a toasted brioche bun.
“As the star of the show, our new bacon onion jam is a magical culmination of flavors with bacon, brown sugar and caramelized onions,” said Scott Uehlein, vice president of product innovation and development for SONIC. “Topped with...
Del Taco Enters the Chicken Wars with New Menu Items
Del Taco Restaurants continues to innovate with crispy chicken with the sweet, tangy smokiness of Honey Chipotle BBQ sauce. While some quick service brands have introduced a single sandwich during the crispy chicken wars, Del Taco’s new Honey Chipotle BBQ Taco and Epic Burrito bring the total to 11 unique and new crispy chicken items introduced since July 2020.
For a limited time, the new sauce flavor will be available on the following items...
Popeyes Announces Agreement to Open Restaurants Across India, Bangladesh, Nepal and Bhutan
Popeyes® and Jubilant Foodworks Limited ("JFL") announced exciting new plans to develop and open hundreds of Popeyes® restaurants across India, Bangladesh, Nepal and Bhutan in the coming years.
"We're excited to introduce our iconic Louisiana-style chicken to a new population in the world that already celebrates and loves bold and delicious flavours," said David Shear, President RBI International, parent company of Popeyes®. "At Popeyes®, we believe that the best food takes time, we marinate our chicken for 12 hours in bold Louisiana seasonings, then hand batter and slowly cook it to make it the juiciest and crispiest chicken that I think our guests will ever have."
Founded in New Orleans in 1972, Popeyes® has more than 45 years of history and culinary tradition. Popeyes® distinguishes itself with a unique New Orleans style menu featuring...
Eat Just Closes $200 Million in New Funding to Accelerate Growth
Eat Just, Inc., announced that it has secured $200 million in a new funding round led by the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar; joined by private investment firm Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen.
The industry-leading food tech startup, which has raised more than $650 million since its founding in 2011, will add QIA and Charlesbank to its Board of Directors. BofA Securities, Inc., acted as lead placement agent and ABG, LLC, advised on the investment that will be used to build capacity for...
Taco Bell is Redefining the Restaurant of The Future with Ambitious Growth Pipeline
Taco Bell® is looking long-term as it reinvents what it means to be a restaurant of the future. On track to have 10,000 restaurants open globally this decade, the brand is leveraging a multitude of design formats to enhance and redefine both the customer and team member QSR experience in a constantly shifting world.
In collaboration with its franchisees, Taco Bell has continued to evolve its restaurants on an ongoing basis. Back in 2015, the brand saw that customers were eager for urban locations without drive-thrus; so, they developed Cantinas. In navigating COVID-19, Taco Bell again adapted with improvements to digital and...
How COVID-19 has Changed Eating Out Over the Last 12 Months In the UK
It’s 12 months since the UK’s first COVID-19 lockdown, and one of the sectors that has been most heavily impacted is hospitality. Here, The NPD Group picks out eight eating out/eating in trends from the pandemic’s first year (March 2020 to February 2021) and suggests how they will unfold as lockdown eases. From a surge in home deliveries to the growth of collection, the rise of eating on a deal, the surge of drive-thru, treating to beat boredom, a doubling of choosing vegan and veggie options, the rise of al fresco dining and a laser-like focus on delivering the best customer service, here’s how COVID-19 has changed the way we eat out (and in).
Delivery: In the 12 months of COVID, delivery’s share of out of home eating has more than doubled
Ordering takeaway main meals for home delivery has been a big part of locked down life and, according to The NPD Group’s consumer data, spend increased...
In France, No More Plastic McDonald's Happy Meal Toys
McDonald’s France this year introduced sustainable toys: offering more environmentally-friendly toys by removing all plastic toys from its Happy Meal menu as of February.
It’s a big move for one of France’s major toy distributors and builds on the company’s continuous steps toward reducing hard-to-recycle plastic in guest packaging, including McDonald’s Happy Meal toys.
In 2014, McDonald’s France removed batteries from toys; in 2018, it developed new paper games such as coloring and trading cards; and in 2020, eliminated...
Popeyes Announces Expansion in Mexico
Popeyes® announced an exciting new agreement with JK Capital to bring hundreds of new Popeyes® restaurants to Mexico over the coming years.
Popeyes® presence in the country is currently limited to the city of Guadalajara, where its famous Chicken Sandwich launched earlier this year to the excitement of local guests. This announcement to grow the brand's presence in the country further builds on Popeyes® global expansion goal to bring Louisiana-style cooking to fans all over the world. Currently, the Popeyes® system operates in over...
Tim Hortons Announces Investment to Support its Back to Basics Plan
Tim Hortons announced an C$80M corporate investment in Canada for 2021 to supercharge advertising expenses, highlight menu improvements in product quality and support continued enhancements in the digital guest experience, including the Tims Rewards program.
Tim Hortons recently launched three new quality upgrades to its menu as part of its Back to Basics plan, including a new dark roast coffee, Craveables lunch sandwiches and freshly cracked Canadian eggs in breakfast sandwiches. Part of the corporate investment will support awareness of these launches and...
Yum China has Acquired a 5% Equity Interest in Fujian Sunner Development
Yum China Holdings, Inc. announced that it has acquired a 5% equity interest in Fujian Sunner Development Co., Ltd.
Founded in 1983 and headquartered in the Fujian Province, Sunner is China's largest white- feathered chicken producer. Sunner has a vertically integrated business model covering the full production chain, which primarily includes chicken breeding and farming, feed processing and meat processing.
"We are excited to become a strategic investor in Sunner, our largest poultry supplier. Yum China and Sunner are longstanding business partners. The management team of Sunner has demonstrated exceptional execution capabilities over the years," said Joey Wat, CEO of Yum China. "With this strategic investment, we look forward to...
Wendy's Celebrates Return of NCAA Tournament as Official Breakfast of March Madness
The biggest stage in college basketball is back. As the Official Breakfast of March Madness®, Wendy's is celebrating its one-year breakfast "Wendy-versary" by fueling athletes and fans across the nation with deals.
In honor of the return of March Madness, Wendy's is giving fans the chance to experience its top-seed breakfast with a free Honey Butter Chicken Biscuit during breakfast hours beginning Thursday, March 18 through Saturday, March 20. Fans can pick up their new favorite breakfast sandwich in-restaurant or via drive-thru at participating locations nationwide and no purchase is necessary. Wendy's is also running point on...
Domino's Names Frank Garrido EVP - U.S. Operations
Domino's Pizza announced the promotion of Frank Garrido to executive vice president – U.S. operations and support, effective March 15, 2021.
Garrido replaces Tom Curtis, who is leaving to pursue another opportunity. Garrido will report to Russell Weiner, Domino's chief operating officer and president – Domino's U.S.
"We wish Tom the best of luck in his new role, as he served Domino's well for many years," said Weiner. "Moving forward, we are thrilled to have Frank join...
Burger King Appoints New Chief Operating Officer
Burger King announced industry veteran Tom Curtis will be appointed Chief Operating Officer (COO) of Burger King Americas, joining the leadership team to oversee field operations, restaurant development and restaurant operations.
Mr. Curtis joins Burger King from industry giant Domino's where he built an impressive 35-year career and most recently served as Executive Vice President, U.S. Operations and Support, overseeing both franchise and company-owned operations. Prior to that role he led U.S. company operations as Executive Vice President of Corporate Operations. Curtis will report to Christopher Finazzo, President of Burger King, Americas.
"We are excited to add another seasoned expert to our leadership team and for our entire system to benefit from his impressive experience and operational expertise," said Chris Finazzo. "Tom will be an important leader and asset in...
U.S. Restaurant Customer Transaction Declines Steepen in February
Severe weather in many parts of the country in February hampered the softening of customer transaction declines at major U.S. restaurant chains reported in the last few months of 2020 and this January, finds The NPD Group. Major restaurant chain customer transactions declined by -13% versus year ago, compared to a -9% decline in January, according to NPD’s CREST® Performance Alerts which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing 53% of the commercial restaurant traffic in U.S.
Record-shattering cold, snow, and rain affected a large swath of the U.S. in February. Texas, the second most populated state after California, was hit with a winter storm in mid-February that dropped significant amounts of...
Taco Bell Brings Back Iconic Limited Time Offer: The Quesalupa
Taco Bell is no stranger to rocking the quick-service restaurant industry with its innovative menu items, and the 2016 introduction of the Quesalupa was no exception. After years of perfecting the recipe, Taco Bell is bringing it back. During its debut, the Quesalupa was one of the brand's biggest limited-time offers in history. Now it's back, with 50 percent more cheese inside its double-layered shell.
The journey of transforming a chalupa to Quesalupa starts with stuffing the crispy chalupa shell with a blend of melted pepper jack and mozzarella cheeses from edge-to-edge. Inside are Taco Bell's signature flavors including seasoned beef, crispy lettuce, shredded cheddar cheese, fresh diced tomatoes and...
Del Taco Restaurants Reports Fiscal Fourth Quarter and Fiscal Year 2020 Financial Results
Del Taco Restaurants reported fiscal fourth quarter and fiscal year 2020 financial results for the 16-week and 52-week periods ending December 29, 2020 and provided a business update.
John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We delivered a solid fourth quarter performance in terms of comparable restaurant sales growth, restaurant contribution margin and adjusted EBITDA performance. Our great food, great value, and great experiences drove overall satisfaction scores to record levels, while the success of our Crispy Chicken menu and seasonal Tamale promotion enabled us to...
Wendy's Names Dr. Beverly Stallings-Johnson Chief Diversity, Equity and Inclusion Officer
The Wendy's Company announced the appointment of Dr. Beverly Stallings-Johnson to the newly created position of Vice President, Chief Diversity, Equity & Inclusion Officer effective March 15, 2021. Beverly will lead the Company's efforts to advance and promote diversity, equity and inclusion across the Wendy's global system, including with employees, franchisees and suppliers.
Prior to joining Wendy's, Beverly served as Chief Diversity Officer for the City of Columbus, leading the City's Office of Diversity and Inclusion. In partnership with Columbus Mayor Andrew Ginther, she helped to advance the Equity Agenda to impact disparities across the nearly million residents of the City. She has been a resident of central Ohio for 15 years and brings to Wendy's a deep connection to...
Nathan’s Famous Continues International Expansion in North America and Beyond
Nathan’s Famous, Inc., announces the expansion of their products to Mexico City, Brazil, Canada, Indonesia, Malaysia and Singapore. The brand will also introduce its new virtual kitchen concept, Wings of New York, in all locations, with the exception of Brazil. Nathan’s Famous and Wings of New York will be available in a multitude of ways, including brick and mortar locations, ghost kitchens or retail, depending on the market.
“This is an exciting time for Nathan’s Famous and Wings of New York,” said James Walker, SVP, Restaurants. “We are embarking on a new chapter in our company as we continue to grow the brand’s presence all across the globe...
Popeyes Announces New Quality and Sustainability Commitments
Popeyes has announced new food quality commitments for the next 5 years as part of the Restaurant Brands for Good sustainability plan. The commitments are part of the brand’s work to serve responsibly sourced, high quality and great tasting food every day while continuously working to reduce its environmental footprint.
Real Ingredients - Popeyes® is working on removing colors, flavors and preservatives from artificial sources from fried chicken menu items in the U.S. by the end of 2022, starting with its famous Popeyes® Chicken Sandwich.
Antibiotics - Popeyes® is eliminating antibiotics important to human medicine from their chicken supply chain in the US and Canada by the end of 2021. This new sourcing policy supports...
Wendy's Reports Fourth Quarter And Full Year 2020 Results
The Wendy's Company reported results for the fourth quarter and fiscal year ended January 3, 2021.
"I could not be more proud of our results and the work that was done by the Wendy's® System across the globe in 2020 with all the challenges we faced and overcame during the year. I am confident that we have emerged as a stronger, more unified brand that is poised to deliver outsized growth" President and Chief Executive Officer Todd Penegor said. "We accomplished a lot in 2020, including securing our position as the #2 QSR hamburger restaurant chain* in the U.S., achieving our two highest quarterly Global same restaurant sales results in over...
SONIC Creates New Mesquite Butter Bacon Cheeseburger
Sonic Drive-In puts its own spin on the distinct, slow-burned flavor of Mesquite barbecue and sears butter into the burger to create its newest menu item: the Mesquite Butter Bacon Cheeseburger.
At $4.99, the Mesquite Butter Bacon Cheeseburger begins with a griddled, 100% pure beef quarter-pound burger seared with smoky mesquite butter and glazed with tangy BBQ sauce, and is topped with crispy bacon, two slices of melted American cheese, lettuce, grilled onions and pickles, all on a toasted brioche bun.
“In every bite, tangy BBQ sauce takes on a sultry-sweet twist as the nuanced smokiness of Mesquite barbecue joins forces with smooth, melty butter to elevate the classic cheeseburger with...
Beyond Meat Announces Global Strategic Agreements with McDonald's and Yum! Brands
Following the release of its financial results for the fourth quarter and full year 2020, Beyond Meat announced a global strategic partnership with McDonald's and Yum! Brands to offer signature plant-based menu items.
As part of the three-year global agreement with McDonald's, Beyond Meat will be the preferred supplier for the patty in the McPlant, a new plant-based burger being tested in select McDonald's markets globally. Additionally, Beyond Meat and McDonald's will explore developing other plant-based menu items together, including options for chicken, pork, and eggs, as part of McDonald's broader McPlant platform.
The announcement further solidifies the relationship between McDonald's and Beyond Meat, which began in 2019 with the test of...
Papa John’s Announces Fourth Quarter and Full Year 2020 Financial Results
Papa John’s International announced financial results for the three months and full year ended December 27, 2020.
“2020 was a transformational year for Papa John’s, as we turned our focus to the future. We were able to deliver industry-leading sales growth and significant profitability by coming together as a system to take care of our team members, customers and communities in one of the most challenging years in history,” said President & CEO Rob Lynch. “Q4 2020 was the third consecutive quarter of...
Domino's Pizza Announces Fourth Quarter and Fiscal 2020 Financial Results
Domino's Pizza, Inc. announced results for the fourth quarter and fiscal 2020, comprised of growth in global retail sales, same store sales and earnings per share. Global retail sales increased 21.7% in the fourth quarter, or 20.9% excluding the positive impact of foreign currency. Global retail sales increased 12.5% in fiscal 2020, or 13.2% excluding the negative impact of foreign currency. Global retail sales were benefited in the fourth quarter and fiscal 2020 by the inclusion of an extra, or 53rd week. Global retail sales increased 12.0% in the fourth quarter, excluding the positive impact of foreign currency and the impact of the 53rd week. Global retail sales increased 10.4% in fiscal 2020 excluding the negative impact of foreign currency and the positive impact of the 53rd week.
U.S. same store sales grew 11.2% during the quarter and 11.5% for the full year, continuing the positive sales momentum in the Company's U.S. stores business. The international business also posted...
While Chicken Sandwich Wars in the U.S. Intensify, Burgers Still Rule the Roost
No doubt that chicken sandwiches have gained a lot of attention over the past few years as more chicken restaurant concepts open and more chicken sandwiches appear on menus. The question is though, have these sandwich sensations knocked burgers from their perch as the top entrée item ordered at U.S. restaurants? That’s a hard “no,” says The NPD Group.
In the year ending 2020, burgers were included in 13.5% of all restaurant orders, which translated to 7 billion servings of burgers. Chicken sandwiches (breaded and grilled) were included in...
From Animal Meat to Fungi, U.S. Consumers Tap into A Host of Sources to Get Protein into Their Diets
The want of more protein in their diets have U.S. consumers seeking the coveted macronutrient from a variety sources, reports The NPD Group. Protein, the nutritional counterpart to fat and carbohydrates, is considered the body’s building blocks, and can be found in a long list of foods, like seafood, meat, poultry, eggs, legumes, and vegetables.
In order to get more protein into their diets, consumers are availing themselves to all of these types of foods in addition to whatever might be the trendy protein of the day, like fungi, according to NPD’s Eating Patterns in America, an annual compilation of the company’s daily tracking of U.S. consumers’ eating behaviors away from and...
Subway Announces Steve Rafferty as Senior Vice President of Development
Subway restaurants have announced Steve Rafferty as Senior Vice President of Development for North America.
In this role, Rafferty is responsible for leading the strategic direction for business development, supporting the network of Subway developers and leading growth initiatives for new and existing franchisees.
"Steve has the deep experience to successfully lead teams to achieve new franchise recruitment, unit growth, and new market entry goals. His wealth of knowledge, along with...
Eat Beyond Adds Plant Power to Its Portfolio and Extends Marketing Agreement
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is making an investment in, and adding Plant Power Restaurant Group, LLC ("Plant Power") to its portfolio.
California-based Plant Power Fast Food is known as an innovator in the Quick Service Restaurant ("QSR") field with its 100% plant-based offerings and biodegradable packaging. Plant Power features a menu that ranges from burgers, fries, shakes and 'chicken' tenders - to wraps, salads, juices, raw items and...
Wendy's New Jalapeño Popper Chicken Sandwich Heats Up the Chicken Wars
Wendy's unveiled two new bold menu items, the Wendy's Jalapeño Popper Chicken Sandwich and Salad, to its already-stacked chicken lineup.
"Inspired by classic jalapeño poppers fans know and love, my culinary team took the familiar flavors of the beloved appetizer and gave it a unique Wendy's twist only we can deliver," said John Li, Vice President of Culinary Innovation for The Wendy's Company. "The new Jalapeño Popper Chicken Sandwich and Salad brings Wendy's fans a bold, innovative flavor they can't get anywhere else. Each bite is graced by the perfect balance of...
A Look at Protein Demand as the Six-Week Lenten Period Begins
As the six-week Lenten period leadup to Easter begins, foodservice and retail are catering to those who cannot eat meat at least one day a week. As SeafoodNews reported, restaurants like Bojangles, White Castle, and Quizno’s are just a few offering seafood items for a limited time.
Last year, Popeyes brought in a limited time Buttermilk Biscuit Shrimp offering for Lent. To switch things up this year, Popeyes introduced a new contender in the "Chicken Sandwich Wars," a Cajun Flounder Sandwich. But how could a new fish sandwich offering during Lent impact the chicken sandwich battle, which has become...
Jack in the Box Reports First Quarter FY 2021 Earnings
Jack in the Box Inc., reported financial results for the first quarter ended January 17, 2021.
Jack in the Box® system same-store sales increased 12.5 percent for the quarter. Company same-store sales increased 7.5 percent in the first quarter driven by average check growth of 21.2 percent while transactions decreased 13.7 percent.
Darin Harris, chief executive officer, said, "Our ongoing strategy continues to resonate with our guests with same-store sales significantly outperforming our peers. We saw strong...
Shifting Trends See Global Food Giants Ramp Up Their Plant-based Offerings
The past few years have seen plant-based meat and dairy alternatives go from a niche product to a mainstream trend, and finally to a mainstay in the food industry. Now that the average consumer has had the opportunity to try plant-based alternatives, the market has spoken and plant-based foods are taking a much larger role in the food industry in 2021.
Plant-based offerings are being added to the lineups of the world's largest food producers, multinational restaurants and cafes, and to important segments like the infant nutrition space. It's clear that the largest players in the food industry like Tyson Foods, PepsiCo, Starbucks Corporation, and Yum! Brands, along with innovative plant-based foods companies like...
Eat Beyond Adds Zoglo's Incredible Food to Its Portfolio
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that it has completed an investment in Zoglo's Incredible Food Corp. ("Zoglo's"), by joining its recent seed round. Zoglo's has plans to become publicly traded via reverse take over in the coming months. At the present time, Eat Beyond anticipates further increasing its interest in Zoglo's by participating in its next financing - the "go public" round.
Zoglo's has been a leading company offering kosher, plant-based products for over 25 years and is now ready to enter the mainstream market. It has a product selection of over...
Nathan's Famous Launches Brand's First Plant-Based Hamburger Patty with Impossible Foods
Nathan’s Famous, Inc., announced its partnership with Impossible Foods to bring consumers the brand’s first gourmet, hamburger patty made from plants. The Impossible Foods patty made from plants for meat lovers adds to the Nathan’s Famous New York-themed fresh angus burger line-up.
“At Nathan’s Famous, we are always focused on offering our customers food that is memorable, craveable and instagrammable and this announcement does just that, while making our menu...
Church's Chicken Succeeds from Full-Scale Digital Transformation
It has been nearly two years since Church's Chicken first embarked on a digital transformation focused on reaching new guests with digital media and creating loyalty with engaging experiences at every interaction. In that time frame, digital has been a key driver of the brand's positive sales and growth, with 2020 turning in impressive results from this key focus area. The popular QSR chicken brand saw a 540% increase in Order Ahead sales in 2020 compared to the previous year, third-party delivery sales increased by 77% in the same period, and web digital conversion rate reached 16%. Like much of Church's steady growth and success over the past five years, the secret lies in a strong spirit of innovation and a renewed ability to be quick and nimble in adapting to both challenges and opportunities.
"The digital success we are seeing now is because of plans and initiatives first put in place in 2019," shares Alan Magee, Vice President of Digital Marketing & Technology for Church's. "The industry has been shifting to...
Foodservice and Retail Get Creative for an Unprecedented Valentine’s Day
While the pandemic has caused disruptions to gatherings and going out, there remains a special significance around Valentine’s Day. Consumers are committed to celebrating the holiday, even if traditional celebrations must be altered. According to the National Retail Federation, about 52% of adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billon.Nearly three-quarters of consumers celebrating the holiday this year feel it is important to do so given the current state of the pandemic. The virus is still a focus, with 74% indicating it will directly impact their plans for the holiday. About 24% of consumers plan to gift their loved one with an evening out, the lowest in...
Restaurant Brands International Reports Full Year and Fourth Quarter 2020 Results
Restaurant Brands International Inc. reported financial results for the full year and fourth quarter ended December 31, 2020.
Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "We are confident that our efforts in food and beverage quality, restaurant experience, digital leadership and brand building will be beneficial to returning our business to the growth we know we are capable of in all three brands. While we ended 2020 with about the same restaurant count as 2019, we have been working closely with our network of franchisees on...
American Egg Board Partners with Wendy's to Drive Breakfast Menu Trial
The American Egg Board (AEB) recently joined forces with Wendy's to help further the brand's successful expansion into the breakfast daypart, partnering on a custom social media influencer program that leveraged consumer affinity for eggs to drive off-premise breakfast consumption in key markets.
"Wendy's was built on fresh, real ingredients — and our recently launched breakfast menu is no exception," said John Li, vice president of culinary innovation at Wendy's. "Our partnership through the AEB's new program helped us expand on consumer demand for a high-quality breakfast by highlighting...
Nathan’s Famous Opens 100th Ghost Kitchen Since Pandemic Began
Nathan’s Famous, Inc., the American tradition serving New York favorites for more than 100 years, announced today the opening of its 100th ghost kitchen since June 2020. The ghost kitchens, which offer both the Nathan’s Famous menu as well as the recently launched virtual kitchen concept Wings of New York, are open across the globe, ranging from markets like Dubai to Florida. Both brands currently have signed agreements to open an additional 45 locations in the coming months...
Nathan's Famous, Inc. Reports Third Quarter Results
Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the third quarter of its 2021 fiscal year that ended December 27, 2020.
For the fiscal quarter ended December 27, 2020:
Yum China Reports Fourth Quarter and Full Year 2020 Results
Yum China Holdings, Inc. reported unaudited results for the fourth quarter and year ended December 31, 2020.
Impact of COVID-19 Outbreak and Mitigation Efforts
Fourth quarter operations improved sequentially from the third quarter. The Company's primary focus continues to be safety, efficiency and sales recovery. To counter the pandemic impact, we ran strong value and digital campaigns to drive traffic. Delivery and takeaway remained popular, while dine-in recovered sequentially. Proactive cost structure realignment, productivity improvements and one-off cost savings helped...
Yum! Brands Reports Fourth-Quarter Results
Yum! Brands, Inc. (NYSE: YUM) today reported results for the fourth-quarter and year ended December 31, 2020. Fourth-quarter GAAP EPS was $1.08, a decrease of (32)%. Full-year GAAP EPS was $2.94, a decrease of (29)%. Fourth-quarter EPS excluding Special Items was $1.15, an increase of 15%. Full-year EPS excluding Special Items was $3.62, an increase of 2%.
DAVID GIBBS & CHRIS TURNER COMMENTS
David Gibbs, CEO, said “Yum! enters 2021 a stronger company primed to profitably grow system sales this year and beyond. Despite the challenges of 2020...
Church's Chicken Reveals New 5-Year Strategic Plan
During the Conversation Tour held just weeks ago for Church's Chicken®, the brand came together with franchisees in various regions of the country to recap achievements for the past year and set the tone on the next five years. Strong communications and teamwork have been essential to Church's impressive upward trend since 2016. Now, the brand is looking to leverage the power of its franchise network to reach even higher benchmarks for 2021 through 2026.
"Every year has been better than the last for us – in sales and in average check – and that's in spite of a global pandemic and while we have been rolling out various operational changes and improvements. That success is 100% rooted in the determination and hard work we have put into...
Tracy Skeans Promoted to Chief Operating Officer at Yum! Brands
Yum! Brands, Inc. announced the promotion of Tracy Skeans to Chief Operating Officer. Skeans, who has been with the Company for 20 years, has served as Chief Transformation and People Officer since 2016. Skeans’ promotion to COO formalizes the expanded role she is already playing to drive cross-brand collaboration on operational execution, people capability and customer experience imperatives that will fuel same-store sales and net-new unit growth. Skeans will retain her current responsibilities as Chief People Officer and continue reporting to Yum! Brands Chief Executive Officer David Gibbs.
“Tracy and I share a people-first vision and passion for elevating the customer and employee experience, which makes her the perfect choice for Chief Operating Officer in our next phase of growth,” said Gibbs. “Tracy has been an invaluable strategic partner to me and our global leadership team as we have...
Taco Bell Introduces Build Your Own Cravings Box
For just $5, Taco Bell is introducing a new Build Your Own Cravings Box. The offer will be available exclusively to Taco Bell Rewards Beta members on the Taco Bell app starting today, and to other Taco Bell digital customers on February 11.
Stretching customers' dollars further than ever before, the Build Your Own Cravings Box is the ultimate Taco Bell eating experience. Packaged in a convenient, recyclable paperboard box, guests can create their meal exactly as they please from a selection of favorites. With the click of a button, 18 different variations appear on Taco Bell's mobile and website, showcased in the following categories...
Domino's Promotes Delivery Offerings for Super Bowl Sunday
Large gatherings and parties may seem like a distant memory, but one thing remains the same: on the biggest game day of the year, football fans from all over the country will take a seat around their respective TVs and enjoy pizza, and Domino's corporate and franchise-owned stores are ready to deliver.
Whether you're ordering a meal for one or for your entire household, when it comes to delivering a satisfying game day feast, there's only one play to remember: Domino's $5.99 mix and match deal. Football fans can please everyone by choosing two or more of the following menu items for just...
Ryan Ostrom to Join Jack in the Box as New Chief Marketing Officer
Jack in the Box Inc. announced that Ryan Ostrom will join the company as Executive Vice President and Chief Marketing Officer, effective February 1, 2021. Ostrom joins the company with over 15 years of marketing and branding experience, with a passion for driving innovation through creative consumer strategies. Most recently, Ostrom served as Chief Brand Officer for General Nutrition Centers (GNC), where he helped lead the transformation of GNC from a traditional retailer to a global digital brand by modernizing their marketing, eCommerce, innovation, and product development.
Previously, Ostrom served roles at Yum! Brands, Kenmore, Craftsman & DieHard at Sears Holding Corporation, and Reebok. During his time at Yum! Brands, Ostrom helped...
Auntie Anne's Introduces New Pretzel Rollups Featuring Bacon and Turkey
Auntie Anne's is here to help consumers shake up mealtime with something different. With more than 40% of consumers feeling challenged in having to plan different meals on a daily basis, Auntie Anne's is taking away the stress of mealtime and adding golden pretzels, cheddar, bacon, and turkey to everyday meals and snacks with all-new Pretzel Rollups.
Available in Turkey & Cheddar and Bacon & Cheddar, the Pretzel Rollups are made for pairing with dips and beverages, and no prep is required. Delivery is also available through...
SONIC Upgrades Its Classic Cheesesteak for a Limited Time
SONIC Drive-In is warming up the cold season with the all new Extra-Long Ultimate Cheesesteaks, layered with SONIC's golden Tots.
The Original Extra-Long Ultimate Cheesesteak bundles seasoned steak and grilled onions, topped with cheddar cheese, zesty cheese sauce and crispy, golden Tots all in an extra-long bun. The Spicy Extra-Long Ultimate Cheesesteak kicks it up a notch with...
Field Roast Introduces Plant-Based Hot Dog
Greenleaf Foods, SPC, owner of Field Roast Grain Meat Co (“Field Roast”), is bringing a new level of flavor exploration to the plant-based hot dog category with the launch of its Field Roast Signature Stadium Dog, a plant-based premium hot dog that is naturally smoked. It is the first plant-based hot dog to be made from pea protein, rather than soy, and will be the first plant-based hot dog to be sold alongside traditional beef dogs when it becomes available in retail stores this spring.
Starting today, hot dog lovers can get a first taste of the Field Roast Signature Stadium Dog at select Wienerschnitzels, the world’s largest hot dog chain. The Field Roast Plant-Based Dog will appear on menus as...
ANALYSIS: Boneless Chicken Breasts in the Crosshairs
One of the first things that any Econ student quickly gets acclimated with is how the quantity of a given commodity that manufacturers want to sell and the quantity of consumers who wish to buy, interact with one another...
Church's Chicken Unveils New Signature Texas Tenders
Church's Chicken announced the arrival of its newest boneless chicken category offering: Church's Texas Tenders. Starting Jan. 28, Church's new Texas Tenders will be a permanent menu item, meeting the growing demand for high-quality boneless chicken and on-the-go menu options following the successful launch of the Church's Chicken Sandwich in October 2020. The Texas Tenders are big and bold, taking inspiration from Church's home state of Texas, and are debuting in the Tenders 'N Shrimp meal, a limited-time combo offering available for Lent.
"The evolution of our tenders with the introduction of our new Texas Tenders gives our guests even more reasons to choose Church's," said Brian Gies, chief marketing officer for Church's. "With the new Texas Tenders 'N Shrimp meal, we're combining two menu items packed with...
McDonald's Reports Fourth Quarter And Full Year 2020 Results
McDonald's Corporation announced results for the fourth quarter and year ended December 31, 2020.
"2020 will be remembered as one of McDonald's most challenging, yet inspiring, moments in our long history. The resilience of the McDonald's System was on display – making safety and service a priority, putting our customers and people first, and running great restaurants," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Against an uncertain backdrop, we are committed to staying true to our values and our brand purpose to feed and foster communities. By investing for the future and leveraging competitive strengths within...
Starbucks Reports Q1 Fiscal 2021 Results
Starbucks Corporation reported financial results for its 13-week fiscal first quarter ended December 27, 2020. GAAP results in fiscal 2021 and fiscal 2020 include items that are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.
“I am very pleased with our start to fiscal 2021, with meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic. Investments in our partners, beverage innovation and digital customer relationships continued to fuel our recovery and...
Cargill Expands Value-Added Protein Footprint Through Acquisition of ProPortion Foods
Cargill, the global food, agricultural, financial and industrial products company, announced the expansion of its value-added protein footprint through the acquisition of ProPortion Foods, a food manufacturer that supplies a variety of innovative fully cooked products, portion control steaks and marinated ready-to-grill meats.
Through the purchase, which closed in December 2020, Cargill gains two further-processed protein plants in Round Rock, Texas and Vernon, California. The Round Rock and Vernon facilities will deliver a variety of quality, fully cooked protein products for Cargill’s...
White Castle Introduces New Package Design for Sliders Sold in Grocery and Retail Stores Nationwide
On the heels of a record year – and a record decade – for its retail division, White Castle is introducing a brand-new look for its retail packaging.
The nation's first fast-food hamburger chain began rolling out the new design on select packages in October. By the end of March, all retail packages will sport the new look, which features a consumer-approved contemporary design with clean lines and bold colors to create consistency across the portfolio of products. The new design also appeals to customers' sense of taste with...
Spicy Chicken Nuggets and Mighty Hot Sauce are Returning to McDonald's
McDonald's Spicy Chicken McNuggets and Mighty Hot Sauce will be returning to participating restaurants nationwide February 1 for a limited time. These limited time menu offerings include:
Chick-fil-A Heats Up Menu with Grilled Spicy Chicken Deluxe Sandwich
Chick-fil-A is kicking off the year by offering a grilled version of a spicy favorite. Starting January 25, Chick-fil-A is introducing the Grilled Spicy Chicken Deluxe Sandwich, available for a limited time at participating restaurants nationwide. The sandwich delivers the same flavor guests love from the current Chick-fil-A spicy offerings, now available in a grilled option.
The Grilled Spicy Deluxe was first developed and tested in Fall 2017 in select markets, where it received positive feedback from guests. It is the first limited-time entrée to be featured on the national menu since...
ANALYSIS: The Tug of War Between Chicken Wings and Boneless Breasts
During October of last year, we explored the growing price disparity between jumbo boneless breast quotations and jumbo-sized whole wings...
ANALYSIS: Boneless Chicken Breasts Blaze the Seasonal Trail
Since the year’s outset, several key lines within the chicken white meat complex have experienced a considerable uptick in...
Taco Bell Announces Return of Potatoes and Plans to Launch Beyond Meat Menu Items
Taco Bell is starting fresh in 2021, especially with its vegetarian fans. The brand is kicking the year off with the return of potatoes and exploring a new plant-based protein with Beyond Meat.
After a brief hiatus from menus due to Taco Bell's menu simplification efforts last year, Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco will be back starting March 11. Taco Bell is also teaming up with Beyond Meat to create an innovative new plant-based protein that will be tested in the next year. Taco Bell chose to team up with...
JUST Egg Product to Be Served at Leading Fast-Food Chain in China
Eat Beyond Global Holdings Inc., an investment issuer focused on the global plant-based and alternative food sector, is announcing that Dicos, one of China's leading fast-food chains, has added Eat Beyond portfolio company Eat Just Inc.'s product JUST Egg to its menu at over 500 locations.
Dicos is one of the largest foodservice companies in China, with 2,600 stores across 32 provinces and autonomous regions serving 600 million consumers annually.
Dicos' conventional egg patty will be replaced with...
International Dairy Queen On Track to Meet Cage-Free Egg Commitment in 2025
International Dairy Queen Corporation (IDQ) announced it is on track to meet its cage-free egg commitment in the U.S. and Canada for shell eggs, liquid eggs and DQ® proprietary products by 2025.
“In 2016, we made a commitment to animal welfare when we announced our transition to cagefree eggs in the U.S. and Canada by 2025,” said Steve Min, Executive Vice President of Research and Development at International Dairy Queen. “As we continue to make progress toward our goal, we reduced...
Nathan’s Famous Expands Through Third Party Delivery to Canada
Nathan’s Famous, Inc., announces the expansion of their menu offerings to Victoria, Canada. The menu is available to consumers through Uber Eats, DoorDash and SkipTheDishes third-party delivery only. Nathan’s Famous is offering its classic hot dog and fries as well as its expanded menu featuring premium burgers, hand-dipped chicken favorites and more.
“We are excited to bring the Nathan’s Famous menu to Victoria, Canada for the first time in the brand’s history,” said James Walker, SVP, Restaurants. “We expect the brand to resonate well with...
Del Taco Restaurants Announces Preliminary Unaudited Fourth Quarter and Fiscal Year 2020 Results
Del Taco Restaurants, Inc., reported preliminary unaudited fiscal fourth quarter and fiscal year 2020 sales results for the 16 and 52 week periods ending December 29, 2020. The Company also provided a liquidity and share repurchase update and announced that its Board of Directors has authorized the initiation of a quarterly cash dividend.
John D. Cappasola, Jr., President and Chief Executive Officer of Del Taco, commented, “We are very pleased to report a system-wide comparable restaurant sales increase of 3.8% during the fourth quarter consisting of positive results at both company-operated and franchised restaurants. We are proud of our restaurant teams, franchisees and support center staff for...
Del Taco Introduces Honey Mango Crispy Chicken
Del Taco Restaurants continues to reinvent its popular crispy chicken menu items. Meet the Honey Mango Crispy Chicken lineup, Del Taco’s sweet start to 2021. For a limited time, the new sauce flavor will be available on the following items:
U.S. Restaurant Industry Ends 2020 Making Its Way Out of the Steep Declines Caused by Pandemic
The U.S. restaurant industry closed one of the most unpopular years in history moving its way out of the steepest declines the industry has experienced since the Great Recession, reports The NPD Group. Customer transaction declines at major restaurant chains in December were down -10% compared to same period year ago, a 27-point improvement from April, the height of the shelter-at-home and restaurant dine-in closure mandates, when transactions declined by -37% from a year ago, according to NPD’s CREST® Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing...
Kentucky Fried Chicken Introduces New Chicken Sandwich
Kentucky Fried Chicken kicked off 2021 with the introduction of its best chicken sandwich ever. The new KFC Chicken Sandwich is available in select markets and will be available seven days a week in all 4,000 KFC restaurants in the U.S. by the end of February.
The new sandwich features a quarter-pound, all-white meat, double-breaded chicken breast filet, toasted buttery brioche bun, thicker pickles, and...
REPORTER: Egg Product Markets Rally to Second Half Highs
Though retail demand for shell eggs has run significantly above average since the peak pandemic period, foodservice demand has struggled to return to normal volumes. As much as 22% of all U.S. production is destined for this channel, around 7% being shell eggs and the rest going into the sector in the form of egg products.
Processors have been forced to reduce outputs over the last eight months, evident in the USDA’s Eggs Processed Under Federal Inspection report, which showed total cases broken running at about 1.1 million a week from...
Atlast Raises $40M to Expand Production of Whole Cut Plant-Based Meat
Urner Barry Releases April Soy & Wheat Protein Report
Global Consumer Confidence Hits Record High
US Foods Releases 2020 Corporate Social Responsibility Report
Domino's and Nuro Launch Autonomous Pizza Delivery with On-Road Robot
URNER BARRY INDICES