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Restaurant Customer Transactions Declined by 42% in Week Ending March 29

The majority of U.S. restaurants are now impacted by mandated dine-in closures, reports The NPD Group. Restaurant customer transactions dropped by 42% in the week ending March 29 compared to same week year ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

While steep transaction declines are being seen industry-wide, some restaurant models are better suited than others to retain existing off-premise business, like drive-thru, carry-out, and delivery. Quick service restaurants, which historically have more off-premise business, realized transaction declines of...

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Apr 8 8:18 AM, General News



ANALYSIS: Fresh 50s Trend Sharply Lower

The market for fresh 50s closed sharply lower for the second day in a row. The weighted average moved about 21% lower on Tuesday and another...

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Apr 3 8:26 AM, Urner Barry


IFA Announces New Initiative to Ensure Truck Drivers have Access to Food on the Road

The International Franchise Association (IFA) today announced that it is working with the Owner–Operator Independent Drivers Association (OOIDA) and The American Trucking Associations (ATA) on a new project aimed at helping truck drivers to navigate the coronavirus pandemic.

Truck drivers are playing a unique and essential role keeping the economy functioning during this period of social distancing and quarantine. However, because increased restrictions on dine-in options, truck drivers are struggling to eat on the road and facing new challenges as they do their jobs. In short, their trucks are too big to fit in a drive-thru, it’s largely prohibited for..

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Apr 3 8:25 AM, General News


Technomic: Potential Economic Shock from Coronavirus Pandemic is Unprecedented 

There is wide disagreement about whether COVID-19 will be an economic shock with a sharp recovery or if it will pull the economy into a sluggish recession. The previous worst quarter in U.S. history for GDP was Q2 2009, immediately after the economic crash. That quarter, the GDP dove by 3.9%, a fraction of the projections we are seeing as a result of COVID-19. The economic shock from this event is unprecedented.

Consumer spending on foodservice continues to drop. For the average consumer, Technomic research suggests that spending has declined by an estimated 45% from a typical week in February, with further planned reductions expected to come. Consumer demand is still present in the marketplace, but as the pandemic has heightened and concerns have grown, a new normal is setting in. Shelter-in-place and social distancing actions have resulted in...

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Apr 3 8:22 AM, General News


U.S. Restaurant Chain Transactions Drop by 36% as Mandated Restaurant Dine-In Closures Take Effect

The mandated restaurant dine-in closures that took effect in most states beginning the week ending March 22 took a toll on U.S. restaurant transactions, reports The NPD Group. Total restaurant customer transactions declined by 36% in the week ending March 22 compared to same week year ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

Customer transactions at quick service restaurants, which represent the bulk of restaurant industry transactions and have more off-premise business than full service restaurants, decreased by...

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Apr 1 8:17 AM, General News


Restaurants Offer Deals to Boost Traffic During the Coronavirus Pandemic 

Now that President Trump has extended social distancing guidelines until April 30th, consumers should expect to get food delivered, takeout, or from the drive-thru for the next month when they want to dine out. Restaurants are offering incentives to get consumers to eat away from home to generate income during these unprecedented times.

Taco Bell announced that the chain wants to give back to Americans this Tuesday, with a free Doritos Locos Taco for drive-thru guests. The restaurant is also offering free delivery through GrubHub on all orders more than $12.00. The chain will also be transforming its Taco Bell Trucks to...

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Mar 31 8:17 AM, Urner Barry


Wendy's Provides Coronavirus Update and Actions Taken

The Wendy's Company announced an update on the impact of the COVID-19 pandemic on the Company's business.

"This is an unprecedented time, and we are focused on the actions where we can make a positive difference. To that end, we have taken several precautionary steps to advance public health goals, maintain essential access to high quality food, support our franchisees, and safeguard our team members and customers from the spread of COVID-19," said President and CEO Todd Penegor. "As we navigate any challenges we face, we'll do it...

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Mar 27 8:21 AM, General News


Yum Brands Closing 7,000 Stores Globally Due to COVID-19

Yum Brands is closing 1,000 Pizza Hut Express outlets and at least 900 U.K. KFC stores in a group of 7,000 restaurant outlets the Louisville, Kentucky-based company said it is closing globally, according to a U.S. Securities and Exchange Commission filing and the Louisville Courier-Journal newspaper.

As the parent company of those two brands, as well as the Mexican-American QSR, Taco Bell, and the fast casual brand it just closed the sale on this month, The Habit Burger Grill, Yum has approximately 50,000 outlets globally.

The SEC filing relayed that the cause for the closings was the current COVID-19 pandemic and...

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Mar 26 8:22 AM, Urner Barry


U.S. Restaurant Customer Transactions Decline by 8% in Week Ending March 15

With the COVID-19 pandemic spreading throughout the country, more people working from home, and social distancing guidance in place, U.S. restaurant customer transactions declined by 8% in the week ending March 15 compared to year ago, reports The NPD Group.

In the prior week ending March 8, the quick service restaurant chain “breakfast wars” helped to drive a 4% increase in total U.S. restaurant customer transactions compared to year ago, according to NPD’s CREST Performance Alerts, which provides...

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Mar 25 8:21 AM, General News


Papa John’s to Hire 20,000 New Team Members Immediately

Papa John’s announced the company is hiring up to 20,000 new restaurant team members.

“For anyone looking for immediate ways to earn an income, we’re making it quick and simple to apply, interview and be hired at Papa John’s,” said Marvin Boakye, Papa John’s chief people and diversity officer. “We want to add talented team members to our Papa John’s family across the country to deliver food safely to our customers’ doorsteps. We are in the unique position – as a restaurant that specializes in...

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Mar 24 8:18 AM, General News


Yum China Provides Business Update 

Yum China Holdings, Inc. updated stakeholders on the impact of the coronavirus (COVID-19) situation.

The current COVID-19 situation is one of unprecedented scale and impact, and first and foremost we want to give thanks and appreciation to all the medical personnel, government workers, volunteers and other frontline workers who have put public health and safety above their own in fighting this global pandemic. At Yum China, our commitment has been to safety above all else -- safety for our employees, as they operate in this difficult environment; and safety for our customers, as they...

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Mar 23 9:33 AM, General News


Yum! Brands Completes Acquisition of The Habit Restaurants

Yum! Brands, Inc. announced the completion of its acquisition of The Habit Restaurants, Inc., following the approval by The Habit Burger Grill stockholders. The transaction marks the addition of the first fast-casual concept to Yum! Brands’ portfolio of iconic global restaurant brands.

Yum! Brands acquired all of the issued and outstanding common shares of The Habit Burger Grill for $14 per share in cash or a total of approximately $375 million. Yum! Brands funded the transaction using cash on hand and available...

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Mar 19 8:19 AM, General News


Quick Service Breakfast Wars Help Drive Transactions Up Despite Coronavirus

The 24/7 news cycle around the coronavirus (COVID-19) didn’t deter consumers from sampling an array of breakfast promotions offered by quick service restaurant (QSR) chains last week. The QSR chain “breakfast wars” helped to drive a 4% increase in total U.S. restaurant customer transactions for the week ending March 8 compared to same period year ago, reports The NPD Group.

QSR chains, which represent the bulk of U.S. restaurant customer transactions, also grew transactions by 4% in the week ending March 8, the highest gain in...

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Mar 17 8:58 AM, General News


Restaurants Limit Business to Prevent Spread of Coronavirus 

Due to the spread of the coronavirus in the United States, restaurants and bars are closing or limiting business to prevent further contamination. Governors in states including California, Ohio, Illinois, Massachusetts, and Washington have closed restaurants, bars, and wineries. Meanwhile, mayors of major cities throughout the country have ordered similar restrictions. These decisions come amid growing pressure for state and city governments to act as the number of coronavirus cases in the United States is rising. At the time of this publication, there are over 3,800 cases throughout the country.

Several restaurant chains announced that they will be closing their dining rooms, switching to take out or delivery models until further notice. Chick-fil-A announced...

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Mar 16 10:23 AM, Urner Barry


Taco Bell Unveils Plans For New, More Experiential Cantina Restaurant Concepts

After redefining the quick service restaurant (QSR) experience in 2015 with its urban Cantina concept, Taco Bell today announced plans to test new “fast social” restaurants that will once again push the boundaries of both the industry and the guest experience. The development plans—including new Cantinas and conversions of traditional Taco Bell restaurants—are one of the brand’s key growth strategies to becoming a $20 billion brand with 10,000 restaurants globally in this decade.

Initially known for being a staple in suburban communities, Taco Bell successfully made its way into metropolitan cities with the introduction of its urban-inline restaurants. With this new wave of growth came a more simplified and modern restaurant experience, bringing forward an atmosphere as unique as...

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Mar 5 9:57 AM, General News


Solo Diners Represent the Largest Share of U.S. Restaurant Visits Among Party Sizes

Over the last five years, solo diners, or parties of 1, have increased their share of restaurant visits while other party sizes have declined, reports The NPD Group. Last year solo diners represented 35% of restaurant visits whereas parties of two represented 27% of visits, parties of three, 14%, parties of four, 12%, and parties of 5 or more, 13%. Solo diners made 15.4B restaurant visits in the year ending December 2019, an increase of 1% compared to year ago, with the exception of parties of 4, visits from all other party sizes declined, according to NPD’s ongoing foodservice market research, CREST.

Quick service restaurants (QSRs) get the bulk, 89%, of solo diners’ visits and 10% of their visits go to full service restaurants. Their use of QSRs is about 10% higher than...

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Mar 5 8:21 AM, General News


Taco Bell Introduces Veggie Mode 

On March 12, Taco Bell officially activates Veggie Mode, a single-swipe feature that instantly transforms the menu to show only vegetarian items on self-service ordering kiosks nationwide. While most of the industry is celebrating plant-based with one single offering on their menus, Veggie Mode makes it easier than ever for consumers to gain instant access to Taco Bell's nearly 50 American Vegetarian Association (AVA)-certified items.

Taco Bell has also expanded its amount of AVA-certified vegetarian ingredients, now including fan favorites like Potato Bites, Chalupa shells and Hash Browns. As always, customers can further customize their orders while in Veggie Mode, with a total of over...

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Mar 3 9:55 AM, General News


McDonald's to Celebrate National Egg McMuffin Day, As Breakfast Wars Heat Up

With Wendy's launching a nationwide breakfast menu on Monday, McDonald's is heading into the breakfast battle by declaring Monday, March 2, National Egg McMuffin Day. McDonald's is inviting guests to celebrate by getting a free Egg McMuffin from 6-10:30 AM. To redeem the offer, customers need to download the McDonald's mobile app. “While we’re giving the Egg McMuffin its moment, we’re really honoring our breakfast fans who have woken up with McDonald’s breakfast for nearly 50 years. And we just thought, ‘hey, why not declare March 2 as National Egg McMuffin Day?’,” said David Tovar, Vice President of U.S. Communications. McDonald's also released 5 crave-worthy reasons why consumers will want to start their day with an Egg McMuffin.

The declaration of National Egg McMuffin Day could potentially disrupt Wendy's launch of their new breakfast menu, also being released on March 2nd. Wendy's breakfast menu brings a fresh twist to familiar flavors and pays homage to Wendy's fan favorites. The menu features items like...

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Feb 28 10:25 AM, Urner Barry


Papa John’s Announces Fourth Quarter 2019 Results

Papa John’s International, Inc. today announced financial results for the three months and full year ended December 29, 2019.

Highlights

  • Fourth quarter 2019 loss per diluted share of ($0.18) and adjusted earnings per diluted share, excluding the impact of Special items, of $0.37 versus fourth quarter 2018 loss per diluted share of ($0.41) and adjusted earnings per diluted share of $0.18
  • Full Year 2019 loss per diluted share of ($0.24) and adjusted earnings per diluted share, excluding the impact of Special items, of $1.17 versus full year 2018 earnings per diluted share of $0.08 and...
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Feb 26 12:07 PM, General News


Dunkin' Features Bacon, Eggs, and Sausage Items in New Spring Menu

With the spring season fast approaching, the temps are heating up and so are Dunkin's menu offerings. From a sizzling, new snack bound to delight, to returning fan-favorites Irish Creme flavored coffee, breakfast bowls and more, Dunkin' is delivering the sunshine this season.

New Snackin' Bacon

For anyone who's seeking a satisfying snack but is stuck with a sad selection at their desk, office kitchen or vending machine, Dunkin' is adding some extra sizzle to its menu. Dunkin' today unveiled new Snackin' Bacon with Sweet Black Pepper seasoning to help on-the-go customers conquer their cravings without settling for tired and typical snacking choices.

Available at participating Dunkin' restaurants nationwide beginning...

 

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Feb 26 10:12 AM, General News


Wendy's Reports Fourth Quarter And Full Year 2019 Results

The Wendy's Company reported results for the fourth quarter and fiscal year ended December 29, 2019.

"We delivered a very strong year of sales growth and have laid the foundation in 2019 to set the Wendy's brand up for future success," President and Chief Executive Officer Todd Penegor said. "We have momentum in our business as evidenced by our accelerating sales growth in the second half of the year, which sets us up well going into 2020. Our focus remains on efficient, accelerated growth behind our three major growth pillars: entering the breakfast daypart, growing our digital business, and expanding...

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Feb 26 9:55 AM, General News


Jack in the Box Reports First Quarter FY 2020 Earnings

Jack in the Box Inc. reported financial results for the first quarter ended January 19, 2020.

Jack in the Box system same-store sales increased 1.7 percent for the quarter. Company same-store sales increased 2.9 percent in the first quarter driven by average check growth of 2.6 percent and transaction growth of 0.3 percent.

Lenny Comma, chairman and chief executive officer, said, "Our same-store sales growth in the first quarter resulted from guests continuing to respond favorably to our breadth of promotions, including compelling bundles at competitive price points and innovation on products guests crave. Looking to the remainder of 2020, we reiterate our annual targets as we...

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Feb 21 9:32 AM, General News


KFC Brings Chicken & Donuts to Restaurants Nationwide

After creating a consumer frenzy with a limited run test in 2019, Kentucky Fried Chicken announced today it is bringing its coveted, always hot, Kentucky Fried Chicken & Donuts to fans nationwide.

Kentucky Fried Chicken & Donuts brings two all-American classics together, a delicious pairing of KFC's world-famous fried chicken, coupled with a warm, fresh-glazed donut. Beginning February 24, Kentucky Fried Chicken & Donuts will be available at participating restaurants in the U.S. for a limited time only.

Like the nationwide debut of Nashville Hot Chicken in 2016 and Chicken & Waffles in 2018, KFC is once again bringing the latest rising fried chicken trend to the masses with the introduction of Kentucky Fried Chicken & Donuts. This latest pairing has...

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Feb 21 8:15 AM, General News


Domino's Pizza Announces Fourth Quarter and Fiscal 2019 Financial Results

Domino's Pizza announced results for the fourth quarter and fiscal 2019, comprised of growth in global retail sales, same store sales and earnings per share. Global retail sales increased 6.9% in the fourth quarter, or 7.6% excluding foreign currency impact. Global retail sales increased 5.7% in fiscal 2019, or 8.0% excluding foreign currency impact. U.S. same store sales grew 3.4% during the quarter and 3.2% for the full year, continuing the positive sales momentum in the Company's U.S. stores business.

The international business also posted positive results, with same store sales growth of 1.7% during the quarter and 1.9% for the full year. The fourth quarter marked the 104th consecutive quarter of international same store sales growth and the 35th consecutive quarter of...

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Feb 20 9:51 AM, General News


Burger King Launches Ad Campaign About Removing Artificial Preservatives from the Whopper

The Burger King brand has pulled a surprising, global, integrated advertising campaign showing its iconic Whopper sandwich covered in mold. Yes, you read it right. A Whopper sandwich covered in mold.

Instead of featuring its product with the classic, flawless, and often perfect photographic style commonly used to showcase fast food products, the Burger King brand let its most iconic product rot to make a powerful statement: The brand has achieved a milestone by...

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Feb 19 10:09 AM, General News


White Castle to Complement Impossible Slider with Dairy-Free Cheese at Select Locations

White Castle will soon become one of the first fast-food hamburger chains in the U.S. to offer a dairy-free alternative to cheddar cheese. White Castle announced that it will launch the non-dairy product on March 1 in its New Jersey and New York City restaurants.

Customers will be able to order dairy free cheddar to top any slider, including the Impossible Slider, the plant-based slider that White Castle introduced in April 2018 as a test item and then launched as a permanent menu item five months later.

"Our Impossible Slider was an instant Craver favorite, but it's about to get a new dimension with...

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Feb 19 8:16 AM, General News


Amanda Clark Joins Papa John's as Chief Development Officer 

Papa John's International, Inc. announced the appointment of Amanda Clark as its Chief Development Officer. Ms. Clark will lead the company’s strategy to continue expanding its restaurant footprint in North America and internationally.

“Amanda is a passionate leader with a proven track record of driving growth at one of the restaurant industry’s biggest success stories over the past 10 years,” said Papa John’s President and CEO Rob Lynch. “I had the pleasure of working with Amanda during my time at both Procter & Gamble and Taco Bell, and...

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Feb 18 11:12 AM, General News


Foodservice Participates in Valentine’s Day with Tempting Offers

Whether consumers plan to dine out or stay in on Valentine’s Day, another record is expected to be set this year. According to the National Retail Federation, consumers plan to spend an average of $196.31, up 21 percent over last year’s previous record of $161.96. Spending is expected to total $27.4 billion, up 32 percent from the previous year’s record of $20.7 billion. Of that total, $4.3 billion is expected to be spent on an evening out.

Romantics looking to get ahead of the rush to book a reservation at a restaurant for Valentines’ Day should have done so before February 4th. According to data released by OpenTable, majority of diners wait until ten days or less in advance to reserve a table, despite this being...

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Feb 13 8:26 AM, Urner Barry


U.S. Restaurant Customer Transactions Increased in January Compared to Year Ago

Customer transactions at U.S. restaurant chains were up in January, a benefit of milder weather compared to a year ago when extreme weather conditions, including a polar vortex and above average precipitation, hit many areas of the United States.

For the retail weeks ending January 6 through February 2, total restaurant transactions increased by 2% over same time last year and quick service restaurant (QSR) chains were the primary contributor to these gains, according to NPD’s CREST Performance Alerts, which provides...

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Feb 12 9:28 AM, General News


Del Taco Restaurants Appoints Tim Hackbardt as Chief Marketing Officer

Del Taco Restaurants, Inc., today announced that Tim Hackbardt has been appointed Chief Marketing Officer.

Mr. Hackbardt is a restaurant industry veteran with over 27 years of experience and has led or advised numerous restaurant chains as a marketing executive and brand consultant across the quick-service, fast-casual, family dining, casual and polished-casual categories. Among these brands are BJ’s Restaurant & Brewhouse, Rubio’s, Pieology, Steak ‘n Shake, Johnny Rockets, and Lucille’s Smokehouse Bar-B-Que. He has a proven track record of driving sales and...

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Feb 10 9:46 AM, General News


Restaurant Brands International Reports Full Year and Fourth Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the full year and fourth quarter ended December 31, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "We have three iconic restaurant brands that are together growing rapidly around the world. Last year, we shared a long-term aspiration to build the most loved restaurant brands in the world and have more than 40,000 restaurants open within 8-10 years. I'm proud that our 2019 results have us solidly on track."

"Burger King delivered its strongest year of restaurant growth in the last two decades. Popeyes launched an iconic Chicken Sandwich that has proven to be a game changer for the brand in every way. At Tim Hortons, our performance did not...

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Feb 10 9:36 AM, General News


Taco Bell Appoints Nikki Lawson As Global Chief Brand Officer

Taco Bell Corp. today announced that it has named Nikki Lawson as Global Chief Brand Officer, responsible for continuing the success of the Taco Bell brand in the US and across the world.

Lawson, former Managing Director, KFC SOPAC (South Pacific), will join the brand effective this April, reporting to Mark King, Chief Executive Officer, Taco Bell Corp. Lawson comes to Taco Bell after nearly 20 years at KFC, having held numerous marketing leadership roles, first in the KFC Africa business, and later in SOPAC, where she served as Chief Marketing & Development Officer and...

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Feb 10 8:14 AM, General News


Yum! Brands Reports Solid Fourth-Quarter Results

Yum! Brands, Inc. today reported results for the fourth-quarter and year ended December 31, 2019. Fourth-quarter GAAP EPS was $1.58, an increase of 51%. Full-year GAAP EPS was $4.14, a decrease of (12)%. Fourth-quarter EPS excluding Special Items was $1.00, an increase of 148%. Full-year EPS excluding Special Items was $3.55, an increase of 12%.

David Gibbs & Chris Turner Comments

David Gibbs, CEO, said “I am proud to announce that we completed our three-year transformation of Yum!, having achieved all of our transformation goals and evolved into a more focused, more franchised and more efficient business. 2019 was a truly historic year for our company. For the full-year, we generated over $50 billion in system sales and ended the year with over...

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Feb 6 10:40 AM, General News


Yum China Reports Fourth Quarter and Fiscal Year 2019 Results

Yum China Holdings, Inc. today reported unaudited results for the fourth quarter and year ended December 31, 2019. Reported GAAP results include Special Items, which are excluded from adjusted measures. Special Items are not allocated to any segment and therefore only impact reported GAAP results of Yum China. See "Reconciliation of Reported GAAP Results to Adjusted Measures" within this release.

Fourth Quarter Highlights

  • Total revenues increased 6% year over year to $2.03 billion from $1.91 billion (8% increase excluding foreign currency translation ("F/X")).
  • Total system sales grew 8% year over year, with growth of 10% at KFC and 1% at Pizza Hut, excluding F/X.
  • Same-store sales grew 2% year over year, with a 3% increase at KFC and flat same-store sales at...
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Feb 6 10:15 AM, General News


Dunkin' Brands Reports Fourth Quarter and Fiscal Year 2019 Results

Dunkin' Brands Group, Inc., the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the fourth quarter and fiscal year ended December 28, 2019.

"Our strong performance in 2019 is indicative of the progress we're making to transform our two beloved brands around the world. All business segments delivered positive comparable store sales growth in the fourth quarter and for the fiscal year, reflecting broad-based momentum across the system," said Dave Hoffmann, Dunkin' Brands Chief Executive Officer. "We had a strong finish to the year, led by Dunkin' U.S. comparable store sales growth of 2.8 percent in the fourth quarter, the...

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Feb 6 9:59 AM, General News


Wendy's Introduces New Breakfast Menu

Today Wendy's announced that, on March 2, consumers can get their hands on a selection of fresh, craveable, bold new morning options. From fresh, hand-cracked eggs on every sandwich, to savory Applewood smoked bacon, Wendy's breakfast menu brings a fresh twist to familiar flavors and pays homage to Wendy's fan favorites – featuring items like the Breakfast Baconator, Honey Butter Chicken Biscuit and Frosty-ccino.

"People deserve a delicious, affordable and higher quality breakfast than what they're currently getting, so that's exactly what we're going to serve when Wendy's launches breakfast nationally on March 2," said Kurt Kane, President, U.S. and Chief Commercial Officer of The Wendy's Company. "Our crew will be...

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Feb 4 11:37 AM, General News


Dunkin' Brands Announces New Vice President Of Marketing Strategy

Dunkin' Brands, the parent company of Dunkin' and Baskin-Robbins, today announced the promotion of Jill McVicar Nelson to Vice President, Marketing Strategy.

In her new position as Vice President, Marketing Strategy, Dunkin' U.S., Nelson will lead a newly reorganized team responsible for brand marketing & planning as well as value and pricing strategies. She will report on an interim basis to Dunkin' Brands CEO Dave Hoffmann. Most recently, Nelson served as Director of Corporate Strategy and Chief of Staff to the CEO.

"We are combining our strategic, go-to-market functions into one team in order to accelerate the growth of Dunkin' U.S. through a more integrated marketing approach, and I am delighted to announce the appointment of...

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Feb 4 9:44 AM, General News


Papa John’s Launches the Papadia Sandwich 

Papa John’s is upgrading guests’ lunch routines with the new Papadia – a toasty, hearty alternative to the same old sandwich routine, for just $6.

“The Papadia is inspired by the ‘piadina,’ an Italian folded flatbread sandwich from Northern Italy. It combines the original Papa John’s crust people crave along with fresh toppings, making it the best of both worlds – it’s both a pizza and a sandwich,” said Paul Fabre, SVP Product Innovation at Papa John’s. “The Papadia is great for people on the go who are looking to mix up their traditional lunch routine.”

The options include...

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Feb 3 9:55 AM, General News


Carl’s Jr. and Hardee’s Offer Free Beyond Meat Menu Items the Monday After Sunday’s Big Game

Carl’s Jr. and Hardee’s are encouraging Americans who overindulged during Sunday’s Big Game to recover with a plant-based Monday by enjoying an item from the all-day Beyond Meat menu. Monday, February 3, recovering Americans can use the phrase “Beyond the Game” to unlock one free Beyond Meat menu item with the purchase of any large drink, including soft drinks, coffee and cold brew, at participating locations.

The day after Sunday’s Big Game is notoriously the most skipped workday in America, with an estimated 17.2 million Americans missing work. Knowing the woes of adulting on one of the worst Mondays of the year, Carl’s Jr. and Hardee’s are...

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Jan 31 9:45 AM, General News


Dunkin' Brands Announces Appointment of Three International Vice Presidents

Dunkin' Brands, the parent company of Dunkin' and Baskin-Robbins, announced the appointment of three vice presidents to its international team. Rini Ernawati has been promoted to Regional Vice President, Asia Pacific, Caner Gursoy has been promoted to Regional Vice President, Europe, Middle East, Africa and Australia, and Ashish Asthana has joined the company as Vice President of International Marketing. All three vice presidents will report to John Varughese, Senior Vice President, International.

According to Dave Hoffmann, Dunkin' Brands CEO, "We are thrilled to add these three executives with their deep industry and global experience to help lead key growth segments for both Baskin-Robbins and Dunkin'. These appointments are...

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Jan 30 9:58 AM, General News


Rabobank Talks Alternative Protein Surprises

Rabobank kicks off the first note of the decade by sharing some of the main highlights from their annual ‘We Didn’t See That Coming’ survey of food trends. At the end of every year, for the past five years, Rabobank has asked in confidence the simple but highly revealing question: “In the world of food, what surprised you the most over the last twelve months?”

The main surprise can be summed up as the ‘the rapid growth and consumer acceptance of alternative proteins.’ For ease of digestion Rabobank has broken it into four sections...

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Jan 30 8:17 AM, General News


Starbucks Reports Q1 Fiscal 2020 Results

Starbucks Corporation today reported financial results for its 13-week fiscal first quarter ended December 29, 2019. GAAP results in fiscal 2020 and fiscal 2019 include items which 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.

“Building on solid business momentum from fiscal 2019, Starbucks performed very well throughout the first quarter, including one of the strongest holiday seasons in the history of our company. As a result, we are off to a strong start in fiscal 2020,” said Kevin Johnson, president and ceo. “Our growth was fueled by a healthy balance of comparable sales growth and new store development, as well as...

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Jan 29 10:08 AM, General News


KFC Beyond Fried Chicken Expands to Two New Markets

Kentucky Fried Chicken and Beyond Meat are announcing an expanded test of Beyond Fried Chicken, plant-based chicken. Beginning February 3, select KFC restaurants in Charlotte, Nashville and surrounding areas, will offer new Beyond Fried Chicken menu items, available through February 23, or while supplies last.

The expanded test comes on the heels of the overwhelmingly successful test launch in Atlanta last summer, making KFC the first national U.S. QSR to introduce plant-based chicken in partnership with Beyond Meat. With customers lining up hours before the restaurant opened and...

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Jan 29 9:57 AM, General News


McDonald's Reports Fourth Quarter and Full Year 2019 Results 

McDonald's Corporation today announced results for the fourth quarter and year ended December 31, 2019.

"2019 marked a year of significant milestones for McDonald's - including surpassing $100 billion in Systemwide sales and achieving our highest global comparable sales growth in over a decade," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Through the execution of our Velocity Growth Plan, we once again served more customers the food they crave, marking three consecutive years of global comparable guest count growth."

Fourth quarter highlights...

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Jan 29 9:42 AM, General News


Breakfast Remains a Deeply Rooted Institution in the U.S. and Its Future is Bright

Breakfast means breaking a fast and whether consumed at 6 a.m. or 11 a.m., it’s always been an important meal in the U.S. Last year Americans consumed nearly 102 billion breakfasts, with another 50 billion morning snack occasions rounding out the average morning, reports The NPD Group. And, the future of breakfast looks rosy too with forecast growth of breakfast foods that meet consumers’ primary needs of function, convenience, and enjoyment, according to NPD’s recently released Future of Morning study, which illustrates how morning foods are changing today and into the future.

“While breakfast as an institution is deeply rooted, the what, how, and why surrounding our food and beverage choices and...

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Jan 29 8:24 AM, General News


McDonald’s Goes Bigger on Breakfast by Adding the McChicken to Its Morning Menu Nationwide

For the first time, customers across the country can wake up to McDonald’s Chicken McGriddles and McChicken Biscuit breakfast sandwiches for a limited time. Available as early as 6am for fans looking to get a jump on their mornings, and always 7 days a week. A staple long-beloved by McDonald’s Southern customers, the two menu additions now give everyone the chance to enjoy McChicken for breakfast.

  • Chicken McGriddles: Soft, warm griddle cakes with the sweet taste of maple, paired with our fan-favorite McChicken
  • McChicken Biscuit: A warm, buttery biscuit paired with our beloved McChicken sandwich...

 

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Jan 28 9:20 AM, General News


Bojangles’ Names Gary Vaynerchuk to Board of Directors

Bojangles’, Inc. announced today it has added Gary Vaynerchuk, a serial entrepreneur and the CEO and co-founder of VaynerMedia, to its Board of Directors. As a board member, Mr. Vaynerchuk will work alongside senior leadership at the Company to help guide the famous chicken and biscuit chain’s future.

Vaynerchuk is known for establishing one of the first e-commerce wine sites, WineLibrary.com, and helping his father grow the family wine business from $3 million to $60 million in sales in just five years. He now runs VaynerMedia, a full-service digital agency servicing Fortune 500 clients across the company’s four locations.

“With Gary’s extensive experience in building brands and passion for disruptive innovation, he’ll bring a fresh perspective to...

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Jan 22 8:20 AM, General News


NPD Group: Holiday Cheer Spurred Transaction Gains for Quick Service Restaurants in December

Quick service restaurant (QSR) chains, which represent the bulk of industry transactions, had four consecutive weeks of transaction increases in the retail month of December (December 2 through January 5) and were the primary contributor to the total industry gains in the month, reports The NPD Group. Casual dining chains, on the other hand, began the month stable but saw transaction declines in the last three weeks of the month. Midscale/family dining chains, despite a drop in the last week, finished the month flat, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and...

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Jan 17 9:46 AM, General News


Burger King Adds the Impossible Whopper to the 2 for $6 Lineup

Burger King restaurants are jazzing up the popular 2 for $6 promotion, now with the Impossible Whopper sandwich. Available for a limited time only, guests can choose between the Impossible Whopper, Spicy Crispy Chicken, Crispy Chicken and Whopper sandwich.

“We are excited to offer our guests a plant-based product like the Impossible Whopper as part of our 2 for $6 promotion,” said Chris Finazzo, President, North America, Burger King Corporation. “This unbeatable deal gives friends and family a new reason to come in and try the Impossible Whopper and other BK favorites at an amazing value.”

Burger King restaurants rolled out the Impossible Whopper sandwich with a patty made from plants nationwide last year following...

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Jan 16 9:46 AM, General News


Popeyes Announces New Partnership with DoorDash

Popeyes today announced a new, nationwide partnership with DoorDash, bringing the Popeyes Chicken Sandwich and other fan-favorite menu items directly to customers’ doorsteps around the country. To celebrate the new partnership, Popeyes is thanking its loyal customers by giving away free Chicken Sandwiches exclusively through DoorDash for the next week only.

From January 13 through 19, customers who order $20 or more of Popeyes through DoorDash can receive a free Chicken Sandwich combo meal and a $0 delivery fee with code...

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Jan 13 9:30 AM, General News


McDonald’s Expanding Trials of Plant-Based Burger in Canada

McDonald’s announced the trial of its Beyond Meat burger has expanded to more locations in Canada as it attempts to gain feedback on its new plant-based menu item.

The burger will be available in 52 restaurants in Southwestern Ontario, starting on January 14. The sandwich, dubbed, “P.L.T.” for plant, lettuce, tomato was introduced to test markets last September in 28 restaurants in Ontario and nearby regions.

“The initial test of the P.L.T. allowed us to learn more about guest demand and how to integrate this new menu item into restaurant..."

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Jan 9 8:49 AM, Urner Barry


Del Taco Brings Back Ground Turkey For a Limited Time

Del Taco Restaurants invites guests to eat (and spend) well with Del in the new year with the return of fan-favorite seasoned ground turkey, available for a limited time. Beginning today, guests can get two Turkey Del Tacos for just $3 at the company’s more than 580 locations nationwide.

Loaded with seasoned ground turkey, freshly grated cheddar cheese, crisp lettuce and fresh chopped tomatoes, all stuffed in a crunchy corn shell, the Turkey Del Taco offers the same craveable Del Taco flavor as the original. In fact, Del Taco’s lean turkey has all the flavor with 40 percent less fat than our seasoned beef.

“At Del Taco, we’re committed to offering menu options that allow guests to reduce the fat, without reducing the flavor – something that we know our guests are seeking...

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Jan 8 8:25 AM, General News


Burger King Tests the Impossible Croissan’wich

Burger King restaurants announces today it is testing the new Impossible Croissan’wich sandwich. Starting late January in select test markets across the U.S. market, BK guests can now get the same breakfast Croissan’wich sandwich they know and love with a plant-based patty. The all-new, limited-time-only Impossible Croissan’wich features a toasted croissant, egg, cheese and a seasoned plant-based sausage from Impossible Foods. This test makes Burger King the first restaurant to test Impossible Sausage made from plants on a breakfast sandwich.

Participating Burger King restaurants in Savannah, GA, Albuquerque, NM, Montgomery, AL, Lansing, MI and Springfield, IL will be testing the Impossible Croissan’wich. The Impossible Croissan’wich is made with...

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Jan 7 9:57 AM, General News


Little Caesars Partners with DoorDash for Delivery

Customers can now get the value and convenience, and Crazy Bread they appreciate from Little Caesars in a whole new way: delivery. Further differentiating the company from its pizza chain peers, Little Caesars offers the same every day menu price whether pick-up or delivery and regardless of quantity -- bringing much needed affordability to delivered pizza. So, whether you want a single pizza or enough to feed a game-day crowd, Little Caesars is now geared up to deliver extreme value from thousands of stores throughout the United States. Delivery service is available for the full menu and during all store operating hours.

"We've seen such expensive and complex pricings throughout the pizza industry, and we think it's crazy!" said David Scrivano, President & CEO for Little Caesars. "Some chains require a minimum purchase to get their deals, or...

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Jan 7 8:20 AM, General News


Church's Chicken Adds New Items to Menu for a Limited Time

Church's Chicken is kicking off the new year with double the deliciousness, featuring a duo of limited-time offerings sure to appeal to the flavor seeker in all of us - without breaking the bank.

First is the all-new Handheld Chicken Pot Pie – a perfectly portable version of classic chicken pot pie, featuring all-white-meat chicken and mixed vegetables in a buttery and creamy sauce wrapped in a hot, flaky and golden fried pie crust. In addition, fans will celebrate the return of one of Church's most popular Down Home taste sensations – Buttermilk Ranch MegaBites – dippable, portable and juicy, all-white-meat chicken bites hand battered and...

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Jan 6 11:28 AM, General News


Yum! Brands to Acquire The Habit Restaurants

Yum! Brands, Inc. and The Habit Restaurants, Inc. announced that they have entered into a definitive agreement pursuant to which Yum! Brands will acquire all of the issued and outstanding common shares of The Habit Burger Grill for $14 per share in cash or a total of approximately $375 million. The board of directors of The Habit Burger Grill, acting on the recommendation of a special committee composed of non-executive independent directors, has unanimously approved the transaction.

The acquisition of The Habit Burger Grill will add an award-winning fast-casual concept with a loyal fan-base to Yum! Brands, the world’s largest restaurant company in terms of units and parent of the KFC, Pizza Hut and Taco Bell global brands. Founded in California in 1969, The Habit Burger Grill offers...

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Jan 6 9:34 AM, General News


Pollo Tropical Launches New Vegan Menu Items Featuring Beyond Meat

Starting today, Pollo Tropical is taking its bold flavors beyond chicken with the launch of a Vegan Tropichop and Wrap featuring a "picadillo" made with Beyond Meat.

The Vegan Tropichop gives guests a new way to enjoy one of their most popular menu items. This Tropichop includes your choice of White or Brown Rice, Pollo Tropical's famous Black Beans, and the picadillo made with Beyond Beef, all topped with sautéed peppers and onions. The Vegan Wrap also features Beyond Beef, your choice of rice, plus black beans and Pollo Tropical's sweet plantains wrapped in a tortilla. These options are launching at $4.49 and $4.09 respectively.

Pollo Tropical partnered with Beyond Meat to develop these plant-based options that are...

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Jan 3 9:20 AM, General News


REPORTER: Chicken Sandwich Wars

This article was originally featured in the Winter 2020 Edition of Urner Barry's Reporter magazine.

Whether you’re a loyal foodie hungry for a new twist on an old favorite, or a chicken industry veteran who has weathered more than a few conflicts, almost everyone has heard of or were quite possibly impacted by the great chicken war of 2019. This past summer one certainly couldn’t tweet, turn on the TV, listen to the radio, or pop in your favorite fast food establishment without seeing or hearing some reference to the month-long marketing campaign turned social...

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Jan 2 8:51 AM, Urner Barry


Axel Schwan Joins Global Leadership Team at Restaurant Brands International

Restaurant Brands International CEO Jose Cil announced that Axel Schwan will join the global leadership team of the company. Mr. Schwan was appointed the Regional President of Tim Hortons for Canada and the US in October.

"I am very proud to welcome Axel to the leadership team. I have worked closely with him in Europe, the U.S. and now in Canada and he has proven himself to be a valuable leader of our Tim Hortons business, as well as a strong leader of people and teams," said Mr. Cil.

Axel Schwan will add the Latin America region to his accountabilities. Other international Tim Hortons locations and...

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Dec 30 9:23 AM, General News


Chipotle Debuts New Restaurant Design to Support its $1 Billion Digital Business

Chipotle Mexican Grill announced today that it's testing a new restaurant design to better support its billion-dollar digital business. The evolved design will be trialed in four new restaurants of the following types: an urban store front, a standalone restaurant with a Chipotlane and an endcap unit with a Chipotlane, in Chicago, Cincinnati, and two locations in Phoenix.

Additionally, the new restaurant design will be trialed in two retrofits in Newport Beach and San Diego. As part of its stage gate process, Chipotle will assess the performance of each restaurant for transactions, guest feedback, and ability to incorporate future menu innovations, among other metrics, before...

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Dec 23 9:42 AM, General News


Carl's Jr. and Hardees Introduce Beyond Meat All-Day Menu Items Nationwide

CKE, the parent company of Carl’s Jr. and Hardee’s, today announced that the company will expand its partnership with Beyond Meat, a leader in plant-based meat, with the introduction of new all-day plant-based protein options during breakfast, lunch and dinner nationwide.

“Since its debut less than a year ago, Carl’s Jr. has sold more than 6.7 million Beyond Famous Star burgers to-date, making it the most successful product launch in the past two years. We’re continuing to build on this success by expanding our Beyond Meat partnership to Hardee’s,” said Patty Trevino, Senior Vice President, Brand Marketing at CKE Restaurants. “As we head into 2020, the addition of these new options at both restaurants is...

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Dec 20 8:22 AM, General News


Taco Bell's 21 $1 Menu Offerings Lead the Way for Value in 2020

While the competition shrinks their dollar menus as small as the menu items on them, Taco Bell is bucking the trend by kicking off 2020 with 21 flavorful $1 offerings. Leading the way, the brand is reintroducing one of its most successful $1 menu items, the $1 Double Stacked Tacos in three craveable flavors. The Nacho Crunch, Chipotle Cheddar and Reaper Ranch Double Stacked Tacos will be available a la carte and in a $5 Cravings Box nationwide and for a limited time starting on December 26.

"It's more important than ever before that we give fans the craveable food they not only want, but can afford, and we've built our menu with some of our most innovative items from $1 to $5 to ensure there is...

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Dec 17 9:50 AM, General News


Dunkin’ Brands Names Scott Murphy President, Dunkin’ Americas

Dunkin’ Brands, the parent company of Dunkin' and Baskin-Robbins, today announced that Scott Murphy, formerly Dunkin’ U.S. Chief Operating Officer, has been promoted to President, Dunkin’ Americas. He assumes the role from Dave Hoffmann, who continues to serve as Dunkin’ Brands CEO. Additionally, Dana Reid has been promoted to Vice President, Field Marketing, Dunkin’ U.S.

Murphy, a 15-year veteran with the company, will have responsibility in his new role for all aspects of operations, restaurant development, franchising, field marketing, supply chain, and consumer packaged goods (CPG) for the approximately 10,000 Dunkin’ restaurants in North and South America.

“Scott is a rare leader who is both strategic and impactful. He inspires all who work with him through his vision, attention to detail, and ability to...

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Dec 13 9:11 AM, General News


NPD Group: Thanksgiving Week is Synonymous with Food but Not with Restaurant Transactions

Restaurant transactions for Thanksgiving week, the week ending December 1, were down 7% compared to same week last year (Thanksgiving was a week earlier in 2018), reports The NPD Group. Restaurant transactions declined by 8% for both the casual dining and quick service restaurant segments during Thanksgiving week, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale, and casual dining chains.

Midscale/family dining restaurants, which offer sit down breakfasts, pies, and other desserts, realized an 18% increase in transactions during Thanksgiving week compared to same period year ago. Restaurant transactions for...

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Dec 12 8:19 AM, General News


Nathan’s Famous Hires Industry Veterans to Lead Franchise Development and Operations

Nathan’s Famous, Inc announced yesterday the hiring of two industry veterans, Erik Mallon and Jim Hicks, to bolster its franchise sales and development teams. Both bring over 25 years of restaurant and franchise experience to the Nathan’s Famous brand.

Erik Mallon will serve as Senior Director of Franchise Development, and Jim Hicks assumes the role of Director of Operational Services and Training.

“The past year has been a busy one as we’ve readied Nathan’s Famous for new franchise growth and development," states James Walker, Senior Vice President, Restaurants. "Hiring these two industry veterans helps...

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Dec 12 8:18 AM, General News


McDonald’s Names Ian Borden as President, International

McDonald's Corporation today announced that Ian Borden, most recently President, International Developmental Licensed (IDL) Markets, has been appointed to President, International, effective immediately. Borden will continue reporting to Chris Kempczinski, McDonald’s President and Chief Executive Officer. This announcement follows the appointment of Joe Erlinger to President, McDonald's USA.

In his new role, Borden will assume oversight for all international markets, including International Operated Markets (IOM) which include all wholly-owned markets outside of the U.S., in addition to the more than 80 markets in the IDL segment that he oversees in his current role.

“Ian has a proven record of focusing on the customer to deliver profitable business growth while strengthening collaboration with our global franchisee community,” said Chris Kempczinski, McDonald’s President and Chief Executive Officer. “His deep experiences leading...

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Dec 10 11:40 AM, General News


Burger King Announces Plan to Develop More Than 100 New Restaurants in Canada 

Burger King is announcing plans to open more than 100 restaurants in Ontario and Manitoba over the next five years. To drive growth in the underpenetrated burger market of Canada, Burger King Canada has inked a new five-year expansion deal with long-time partner, Redberry Restaurants ("Redberry"), to grow the number of Burger King restaurants in Canada by 25% so even more guests can enjoy the iconic flame-grilled Whopper sandwich, chicken fries and other Burger King favourites.

"For far too long, Canadian burger lovers have not had enough flame grilled options to choose from," said Matt Wright, General Manager, Burger King Canada. "Premium ingredients and signature recipes have defined Burger King for 50 successful years in Canada. We're excited that even more Canadians will be introduced to...

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Dec 5 10:04 AM, General News


Sonic Drive-In Sizes Up With the Biggie Cheese

Sonic Drive-In is beefing up the menu with the Biggie Cheese, a new cheeseburger piled high with double the beef and triple the cheese to prove that size does matter when it come to satisfying those savory cravings.

Available for just $4.99, the Biggie Cheese is made with two juicy 100% pure beef patties, covered with three slices of melty American cheese and stacked with grilled onions, crisp pickles, and tangy Hickory BBQ sauce double-decker-style on a bakery-soft brioche bun.

“With a whopping three slices of melty cheese and two juicy beef patties, we not only made our classicly delicious cheeseburger bigger, we also...

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Dec 2 9:46 AM, General News


KFC Canada Introduces Plant-Based Chicken 

KFC Canada announced its latest innovation, KFC Plant-Based Fried Chicken. With the desire to share the Colonel's legendary finger lickin' good taste with every Canadian, KFC Canada partnered with Lightlife, a leading plant-based protein brand, to create a signature Plant-Based Fried Chicken Sandwich and Popcorn Chicken.

KFC Canada's Plant-Based Fried Chicken will make its debut during a limited, one-restaurant, one-day test on Wednesday, November 27 in Mississauga, Ontario. KFC fans looking to try the new plant-based options are invited to visit KFC at 6055 Creditview Road in Mississauga, Ontario between the hours of 10:30am to 11:00pm, or while supplies last.

"We believe the Colonel's famous finger lickin' good taste should have no boundaries," said Sam Redman, Chief Marketing Officer, KFC Canada. "So we've created...

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Nov 27 11:45 AM, General News


Jack in the Box Inc. Reports Fourth Quarter FY 2019 Earnings

Jack in the Box today reported financial results for the fourth quarter and fiscal year ended September 29, 2019.

Jack in the Box system same-store sales increased 3.0 percent in the fourth quarter. Company same-store sales increased 3.5 percent, driven by average check growth of 2.8 percent and transaction growth of 0.7 percent.

Lenny Comma, chairman and chief executive officer, said, "Our 2019 operating results demonstrate the momentum in the Jack in the Box brand, with same-store sales improving to the strongest performance in four years. We have now achieved...

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Nov 21 9:28 AM, General News


Packaged Facts: Consumer Use of Restaurant Coupons

Though overall use of coupons is down since 2009, consumer use and redemption of restaurant coupons is up by five percentage points, to about a third of U.S. adults, according to Eating Trends: Restaurant Use, the fourth study in a five report Eating Trends series by market research firm Packaged Facts.

Restaurant coupons have been given a boost by instant, digital, and online/app point-of-sales use through newer delivery services—this is on top of longstanding restaurant coupon use for fast-food pizza chains (including delivery or take-out) or other fast-food chains (including for drive-through).

These services have helped diversify the range of eating establishments and the range of...

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Nov 15 9:22 AM, General News


Subway Restaurants Names John Chidsey CEO 

Subway Restaurants announced that John Chidsey has been named Chief Executive Officer effective November 18, 2019.

John's career as a global franchise executive and senior leader for some of the world's well-known corporations spans brands in and outside of the food and beverage industries.

John was previously the Chairman and CEO of Burger King Holdings, Inc.

Prior to that, he served as Burger King's President and Chief Financial Officer and held other senior management positions...

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Nov 14 9:08 AM, General News


NPD Group Releases Report on Eating Patterns in America 

A burger has held the crown as the top food ordered at U.S. restaurants for decades, but this year that burger may well be a plant-based burger, according to this year’s edition of The NPD Group’s Eating Patterns in America, which is an annual compilation of the company’s daily tracking of U.S. consumption behavior. U.S. consumers may appear to be creatures of habit in their eating patterns but the foods they eat today have a modern twist that is influenced by a host of factors like ethnicity, age/generational group, and health/social consciousness.

“For 34 years The NPD Group has been tracking eating patterns in America and from a topline view many of the same foods are being consumed today as they were...

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Nov 13 10:25 AM, General News




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