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Foodservice Industry Performance in October Slightly Declined from the Month Before

According to Technomic’s latest TIndex, its index on foodservice industry health, performance in October declined slightly compared to September, dropping to 97.8 from 98.9. The decline could be due to a few key factors, including softness in the travel and leisure segments as well as slight traffic moderation among independent restaurants.

“Based on this data, the industry is down 2.2% over a two-year basis,” explains Joe Pawlak, managing principal at Technomic. “With that being said, however, foodservice has grown by 18.5% compared to the same..."

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Dec 2 8:00 AM, General News



eCommerce Platform Pepper Raises $16M in Series A Funding for Food Distributors

Pepper, the eCommerce platform for food distributors, has raised $16 million in Series A funding that will enhance the ordering experience for distributors servicing over 25,000 restaurants and grocery stores in the U.S. and Canada. Index Ventures led the round with participation from Greylock, Imaginary Ventures, BoxGroup, Moving Capital, and Brett Schulman, bringing the total capital raised to date to $20M.

With the Series A secured, platform enhancements are a top priority for Pepper. “This funding enables us to accelerate product development in..."

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Dec 1 8:19 AM, General News


Velvet Taco Receives Significant Investment from Leonard Green & Partners

Velvet Taco (the "Company"), the popular Dallas-based restaurant concept serving up globally inspired tacos, today announced that Leonard Green & Partners, L.P. ("LGP") acquired a majority stake in Velvet Taco from L Catterton, the largest global consumer-focused private equity firm, and FB Society (formerly Front Burner Restaurants), which spearheaded the creation of Velvet Taco ten years ago. L Catterton and FB Society will retain significant minority ownership stakes in the business. Terms of the transaction were not disclosed.

Founded in Dallas in 2011, Velvet Taco is a...

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Nov 30 2:03 PM, General News


Hopdoddy Burger Bar Adds Force of Nature Bison to its Better Burger Menu

Hopdoddy Burger Bar, a leader in the burger space, has partnered with Force of Nature to provide the highest quality free-range, grass-fed bison for its famous Buffalo Bill burger or as an alternative patty option in any burger on the menu. The new partnership is Hopdoddy's latest step in evolving and elevating the better burger concept it pioneered more than a decade ago with the opening of its first Austin location.

Located in Dripping Springs, Texas, Force of Nature is committed to regenerative farming...

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Nov 29 2:07 PM, General News


Carry-out, Drive-thru, and Delivery Continue As Growth Areas for the Canadian Restaurant Industry

Online and physical visits to Canadian restaurants and foodservice outlets were flat in the year ending September 2021 compared to a year ago when traffic was down double-digits. Helping the industry recover was the growth in foodservice off-premises orders from carry-out, drive-thru, and delivery, reports The NPD Group. Although foodservice traffic has improved from the steep declines experienced last year, visits were 18% below the pre-pandemic level in September 2019, according to NPD’s continual tracking of the Canadian foodservice industry...

 

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Nov 24 8:19 AM, General News


Dine Brands International Announces First Virtual IHOP® Location in North America

Dine Brands International today announces the debut of its first virtual IHOP location in Toronto, Canada as part of its partnership with Ghost Kitchens Brands, which owns and operates a network of virtual kitchens across the continent, featuring items from more than 20 well-known restaurants and CPG brands.

At its 60 Sudbury St. location in Toronto’s Liberty Village area, guests can now enjoy a selection of IHOP’s World-Famous Pancakes, Breakfast Combos, Omelettes, Burritos, Bowls, and more for takeout and delivery. Ghost Kitchen Brands’ direct...

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Nov 23 7:57 AM, General News


Deliverect Partners With Grubhub To Help Restaurants Improve Order Accuracy & Efficiency

Deliverect, a global scale-up that simplifies online ordering for more than 12,000 establishments across 30 markets, and Grubhub, a leading global online food delivery marketplace in the U.S., have partnered to streamline orders for hundreds of thousands of restaurants. Together, the partnership helps to improve order accuracy and operational efficiency, as well as save restaurant owners' time.

The partnership allows orders made on Grubhub to integrate directly into a restaurant's POS (Point of Sale), collating all orders on one device. Restaurants on Grubhub will also be able to...

 

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Nov 19 8:00 AM, General News


Restaurant and More Convenient Lunch Meals Are Returning After A Pandemic Induced Hiatus

Before the pandemic, grabbing lunch from a restaurant or prepared foods from a grocery store was frequent because consumers were at work, school, or out and about. Restaurant lunch visits experienced steep declines early in the pandemic when 78% of lunches were prepared and eaten at home, but with more consumers returning to worksites, schools, and regular midday routines, restaurant and other convenient lunches are recovering, reports The NPD Group.

Online and physical restaurant visits during lunch increased by 4% in the year ending September 2021...

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Nov 11 8:00 AM, General News


Dine-In Traffic Remains A Headwind for U.S. Restaurant Industry Recovery

The U.S. restaurant industry continues to recover from last year’s steep declines, although not yet back to pre-pandemic levels. Total restaurant online and physical visits were up 5% in the year ending September compared to the same period last year, and down 6% from September 2019. While restaurant visits continue to improve overall, dine-in or on-premises traffic continues to struggle compared to pre-pandemic levels, reports The NPD Group.

Dine-in visits to restaurants were down 48% in the 12 months ending September 2021 compared to...

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Nov 3 8:31 AM, General News


Smokey Mo's TX BBQ Hires Restaurant Industry Veterans and Plans Texas Expansion

Smokey Mo's TX BBQ, an authentic Texas barbeque chain with 16 locations throughout Central Texas and 21 years of successful corporate operations, announced new members of its leadership team. They will be spearheading a company rebrand, franchise development and expansion, menu refinement and the enhancement of guest experiences.

The new team members have deep roots in growing Texas restaurants, including Rudy's Country Store & Bar-B-Q and Mighty Fine Burgers Fries & Shakes. Craig Haley, president, and Gini Quiroz, vice president of human resources, join the Smokey Mo's team...

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Oct 27 9:12 AM, General News


2022: The Year of the Climb

If 2020 and 2021 were the years that emphasized uncertainty, 2022 will be the year the foodservice industry focuses on new, ingenious solutions to head off challenges on multiple fronts. As operators across channels essentially do more with fewer resources, they’ll seek out strategies and partnerships that will help them innovate around menu shortages, labor constraints and the ever-shifting expectations and needs of the consumer.

What are some of the trends on the horizon for 2022, from the state of the industry and operations to menu optimization and enhancing the guest experience...

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Oct 26 8:40 AM, General News


Yum China Inaugurates Digital R&D Center to Further Implement Digital Strategy

Yum China Holdings, Inc. announced the opening of its Digital R&D Center with three sites in Shanghai, Nanjing, and Xi'an. The inauguration of the Digital R&D Center represents an important milestone for the Company's strategy to build a dynamic digital ecosystem comprised of 1) the Digital R&D Center, 2) joint venturing, and 3) third party collaboration, to provide a solid foundation for Yum China to further develop its brands and businesses, accelerate expansion and capture market opportunities.

The Digital R&D Center will consolidate and...



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Oct 21 8:00 AM, General News


‘Tis the Season: Ruth’s Chris Steak House Unveils Holiday Offerings

Ruth’s Chris Steak House, known for its unmatched dining experience and steaks served on 500-degree sizzling plates, today announced its holiday offerings available soon in-restaurant or for pick-up at more than 150 locations nationwide.

Enjoy the Holidays at Ruth’s Table

Ruth’s Chris’ in-restaurant menu for Thanksgiving encompasses the following:

Traditional Thanksgiving Dinner
Single portion inclusive of the below; exclusively available in-restaurant on Nov. 25.
- Starter: Choice of Caesar Salad, Steak House Salad or Lobster Bisque
- Entrée: Sliced Oven Roasted Turkey, Ruth’s Sausage and Herb Stuffing...

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Oct 21 8:00 AM, General News


Grubhub And Restaurant Strong Fund to Give $4 Million to Restaurants

Today, Grubhub, a leading global online food delivery marketplace, and The Greg Hill Foundation's Restaurant Strong Fund, announced they will be giving $4 million in grants to support restaurants across the country that have been working hard to survive the pandemic. Ranging from $5,000 to $50,000, the grants are part of the Restaurant Strong Fund's All Day campaign and will help restaurant owners fund indoor and outdoor dining improvements, equipment and technology maintenance and upgrades, marketing and promotion efforts, staff hiring and training, Covid-19...

 

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Oct 8 7:50 AM, General News


Technomic’s Latest TIndex Release Reveals Reasons for Softening of Foodservice Industry Growth

Technomic’s August TIndex, Technomic’s index on the total foodservice industry, showed decelerated growth. The number dropped to 98.1 in August from 101.1 in July, meaning the industry declined 1.9% over a two-year basis but has grown by 28% compared to the same month in 2020.

“There are a few clear reasons for this softening,” explains Joe Pawlak, managing principal at Technomic. “First, of course, is due to increased fears of the delta variant. This deceleration is also seen mostly within the travel and leisure segments..."

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Oct 1 11:10 AM, General News


Canada’s Foodservice Industry Recovery Overall Is Steady in August, But Has Some Declines

Canada’s commercial foodservice industry remained on a stable course to recovery in August, reports The NPD Group. In August, online and physical visits to restaurants and other foodservice outlets increased by +16% compared to August 2020 and were down -4% compared to the pre-pandemic level in August 2019. Consumer spending increased by +23% in August compared to the same month year ago and is up +1% from August 2019.

While total foodservice traffic and consumer spending continued to improve in August, the...

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Sep 30 8:35 AM, General News


Indeed and OpenTable Join Together to Accelerate US Restaurant Recovery

According to the National Restaurant Association, the restaurant industry is 1 million jobs below where it should be before the pandemic. That’s why, Indeed, the world’s number one job site, and OpenTable, the world's leading provider of online restaurant reservations, announced today the launch of Interview Days: Restaurant Jobs. This month-long U.S. hiring initiative, which begins on October 1st, aims to accelerate the recovery of the food and beverage industry by providing free hiring tools to help businesses and restaurateurs source, screen and host interviews. A new dedicated portal...

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Sep 28 8:53 AM, General News


U.S. Restaurant Industry Continues Gradual Recovery in August While Dine-in Visits Remain Low

Despite bad weather and the delta variant spread, consumer online and physical restaurant visits in August continued to recover from last year’s steep declines, reports The NPD Group. U.S. restaurant traffic increased by +5% over the -10% decline in August 2020 and declined by -5% compared to the pre-pandemic level in August 2019. Larger average check sizes drove a +13% increase in dollars compared to a year ago and a +3% gain in dollars over the same month two years ago, according...

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Sep 22 8:00 AM, General News


Cracker Barrel Reports Fourth Quarter And Full Year Fiscal 2021 Results And Quarterly Dividend

Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2021 ended July 30, 2021.

Fourth Quarter Fiscal 2021 Highlights

- Total revenue in the fourth quarter of $784.4 million was approximately flat compared to the fourth quarter of fiscal 2019 total revenue of $787.1 million.
- Compared to the fourth quarter of fiscal 2019, comparable store restaurant sales decreased 6.8% and comparable store retail sales increased 18.2%.
       - Comparable store off-premise restaurant sales grew 108.6% compared to the...

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Sep 21 8:46 AM, General News


OpsAnalitica and FreshFry Launch Partnership to Help Restaurants Define and Track Sustainability

OpsAnalitica, the restaurant ops and food safety compliance analytics platform, and FreshFry, the sustainable food tech company providing restaurants with all-natural, plant-based, easy to use frying oil filtering solutions, are thrilled to announce their partnership in an effort to help restaurants define and track sustainability.

The food industry spends over $80B per year on edible oil and together, the OpsAnalitica and FreshFry partnership provide restaurants with money-saving solutions for oil mismanagement. The partnership is an integration of FreshFry's compliance checklist into the OpsAnalitica platform...

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Sep 8 8:59 AM, General News


Wingstop Promotes Michael Skipworth and Alex Kaleida

Wingstop, the leading digitally-savvy, tech-focused restaurant brand with more than 1,600 locations worldwide, today announced the promotion of Michael Skipworth to President and Chief Operating Officer, and Alex Kaleida to Chief Financial Officer. Michael succeeds Mahesh Sadarangani, the Company's COO who has resigned after being recruited to become CEO of a private equity-backed company.

"I'm thrilled to provide amazing growth opportunities within our organization for both Michael and Alex," said Chairman and CEO Charlie Morrison. "People are the foundation of our business, and I truly believe we have some of..." 

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Aug 31 9:09 AM, General News


Bojangles To Close For Two Upcoming Mondays To Give Staff a Break

Following a long, challenging year and a half for the restaurant industry, Bojangles is investing in its most important asset by closing all company-owned stores on Monday, Aug. 30, and Monday, Sept. 13, to give around 8,000 crew members and managers a well-deserved break.

Affected stores will close at their regular times the Sunday prior and reopen at their regular times the following Tuesday. For a full list of which stores will be closed on Aug. 30 and Sept. 13, go here.

“We appreciate everything our..."

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Aug 31 8:30 AM, Foodmarket


Technomic Study Uncovers Labor Crisis for Foodservice Industry May Not be Temporary

Technomic recently released the Crisis on the Front Lines Multi Client Study uncovering drivers and deterrents to unit-level employment in the commercial restaurant industry among job seekers and current employees. The strategic study also uncovers strategies and tactics for operators as they navigate staffing locations and positioning their brand as employers of choice.

“Foodservice operators are facing new challenges in connecting with job-seekers while also keeping up with...

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Aug 24 8:59 AM, General News


Checkers & Rally's Continues Nationwide Growth with California Expansion

Checkers Drive-In Restaurants, Inc., the parent company of Checkers & Rally's iconic drive-thru restaurants, today announced it is accelerating growth on the West Coast with a call for interested franchisee operators for the San Diego market. This announcement follows a recently announced 15 store development agreement in Orange County. The company has available growth opportunities through additional franchise agreements in Texas, Arizona and California markets in addition to San Diego.

With a focus on nationwide growth, Checkers & Rally's continues to bolster its multi-unit franchise system, offering...

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Aug 24 8:36 AM, General News


OpenTable And CLEAR Partner to Help Restaurants Streamline Proof Of Vaccination Across The US 

As the Delta variant spreads and more cities require proof of vaccination for indoor dining, OpenTable, the world's leading provider of online restaurant reservations and part of Booking Holdings Inc., and CLEAR, the secure identity company, are partnering to offer diners a simple way to show proof of vaccination at a restaurant through CLEAR's digital vaccine card.

"Our partnership with CLEAR furthers our commitment to help both restaurants and diners navigate dining out in the next chapter of the pandemic," said Debby Soo, CEO...

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Aug 23 10:03 AM, General News







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