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Subway® Record-Setting Sales Results Continue Following 'Subway Series' Launch
Subway®, one of the world's largest restaurant brands, announced continued strong sales following the launch of Subway Series, an all-new menu with signature sandwiches and a simplified ordering process that builds on last summer's Eat Fresh® Refresh and marks the continuation of the brand's transformation journey.
Over the past 18 months, Subway has seen positive growth in U.S. restaurant same-store sales, with record-setting sales initially driven in 2021 by the launch of Eat Fresh Refresh and now accelerated further by Subway Series...
New York City and Other Major Metro Areas are Coming Back from Pandemic Losses
Spring Break and Pent-Up Demand Help to Advance Recovery of Lodging and Recreation Foodservice in April
Spring break 2022 was a stark contrast to two years ago when it was the height of the pandemic. Travel sources reported spring bookings up 134% from 2021, and the World Travel & Tourism Council projects that travel and tourism will reach pre-pandemic levels in 2022. As a result of more travel and tourism and the release of pent-up demand, case units shipped from broadline foodservice distributors to...
Plant-based Meat Market - 40% of Growth to Originate from North America
The plant-based meat market size is expected to increase by USD 7.21 billion from 2020 to 2025, at a CAGR of 25.14% as per the latest market report by Technavio. The plant-based meat market share growth in the plant-based beef segment will be significant during the forecast period. The growing health consciousness among consumers is increasing the demand for plant-based protein products, particularly, plant-based beef. In addition, the increasing number of product launches and innovations will drive the growth of plant-based beef...
Real Good Foods Highlights Another Consecutive Period of Strong Sales and Velocity Growth
The Real Good Food Company, Inc., an innovative, high-growth, branded, health- and wellness-focused frozen food company, today released the U.S. SPINS retail scanner performance data across all its products from the most recent period ending March 20th, 2022(1). For perspective, SPINS data captures consumption data in the Food, Drug and Mass retail channel, which represents approximately 50% of the Company's sales.
- The overall Frozen category (2) grew 5.8% over the four-week period.- The Health & Wellness Frozen Food subcategory (2), which includes Health and...
Nathan's Famous to Pilot With Let us Nudge in 15 Locations Throughout the U.S.
Nathan's Famous, the American tradition serving New York favorites for more than 100 years, announces its partnership with Let us Nudge, an emergent restaurant technology solution that provides table seating efficiencies during both busy and slow times. We expect the Let us Nudge technology will enable Nathan's to increase sales through campaign management and targeted coupons at 15 Nathan's Famous locations throughout the country with the Nudge@Home platform.
"At Nathan's Famous, we are always seeking partners with innovative technology that enables us to offer our customers..."
NRF Forecasts Annual Retail Sales to Grow Between 6 Percent and 8 Percent
The National Retail Federation today issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022. The announcement was made during NRF’s annual State of Retail & the Consumer virtual event where retail industry leaders discussed the strength of the consumer economy and the future of retail.
“NRF expects retail sales to increase in 2022, as consumers are ready to spend and have the resources to do so,” NRF President and CEO Matthew Shay said...
The Real Good Food Company, Inc., an innovative, high-growth, branded, health- and wellness-focused frozen food company, today released the U.S. SPINS retail scanner performance data across all its products from the most recent period ending February 20, 2022(1). For perspective, SPINS data captures consumption data in the Food, Drug and Mass retail channel, which represents approximately 50% of the Company's sales.
- The overall Frozen category (2) grew 4.2% over the four-week period.- The Health & Wellness Frozen Food subcategory...
Consumer and Corporate Food Gifting Market Rises to $33 Billion
The U.S. food and beverage industry has been impacted heavily by COVID-19. In 2020 and 2021, more people were staying at home and not gathering as much in person. Food gifts have been a good gift to send directly to people who are staying at home because they are practical, easy to ship, comforting, and a good way to send treats to someone who cannot be visited in person. Corporate gifting has also increased rapidly during the pandemic as more employers have canceled in-person holiday parties and...
Checkers® & Rally's® Experiences Monumental Year After Successful Expansion on the East & West Coast
Checkers & Rally's, an iconic and innovative drive-thru restaurant chain known for bold and flavorful food at an exceptional value and its people-first attitude, today announced its record year-end progress for 2021 and accelerated growth plans for 2022 as the restaurant brand continues to reach new markets and expand nationwide. This past year, the company successfully executed 90 new commitments towards new restaurants, attributing 39 units to existing franchisees and 51 units to new franchisees. The company is expected to open more than...
TGI Fridays Credits Digital Innovation, Craveable Menu for Industry-Leading Performance
TGI Fridays®, the world's first and most recognized casual bar and grill, today announced its year-to-date financial results with 41 consecutive weeks of same-store sales growth versus pre-pandemic numbers in 2019 and double-digit growth in the back half of 2021. This industry-leading performance is driven by its digital channels, where year-to-date sales volumes are up 290 percent compared to 2019; new revenue streams through virtual restaurants; and continuing to offer the craveable food guests have come to love...
Stryve Foods Lands Nearly 8,000 Convenience Store Order for Standing Floor Displays with 7-Eleven
Stryve Foods, Inc., an emerging healthy snack and eating platform disrupting traditional consumer packaged goods (CPG) categories, and a leader in the air-dried meat snack industry in the United States, announced a major new distribution agreement with 7-Eleven, the world's largest convenience retailer with more than 77,000 stores worldwide, that will bring three flavors of its popular Vacadillos carne seca air-dried meat snacks for the first time to nearly 8,000 7-Eleven domestic convenience stores, a record new sale for the product...
Capriotti's Sandwich Shop and Wing Zone Announces 2021 Growth, New Investors
As 2021 comes to a close, Capriotti's Sandwich Shop (Capriotti's) and Wing Zone announced another extremely successful quarter which brought the signing of 12 area developer agreements equating to a total of 53 new shops between the two brands. With the addition of these new signings, Capriotti's closes out the year with a total of 96 new shops, and Wing Zone signed agreements for 91 new shops in 2021.
The Q4 area developer agreements will expand both brands into new territories – bringing award-winning food to new fans across...
November Retail Sales Put Holiday Season on Track to Set New Records
Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said today.
“Despite economic headwinds, November retail sales data confirms that consumers continue to spend, as demonstrated by a 14 percent increase in sales year-over-year,” NRF President and CEO Matthew Shay said. “We expect demand will remain strong through December, even though consumers started holiday shopping earlier than ever this year. Despite the rise of..."
Real Good Foods Highlights Sales Growth and Velocity Acceleration in Retail Channel
The Real Good Food Company, Inc., an innovative, high-growth, branded, health- and wellness-focused frozen food company, today released U.S. SPINS retail scanner data for the most recent four week period ending November 28, 2021.(1) For perspective, SPINS data captures consumption data in the Food, Drug and Mass retail channel, which has historically represented approximately 50% of the Company's net sales.
- The overall Frozen Food category grew 7.1% over the period.- The Health & Wellness Frozen Food subcategory grew 12.6% over the period...
Church's Chicken's® Chief People Officer Positions Brand for Category Leadership
Since 2018, Church'sChicken® has been re-establishing its presence as a dominant player in the QSR space, especially within the chicken category. The brand has yielded substantial positive results, with year-over-year growth in sales and profitability continually increasing over the past four years. Now, in the fifth year of its turnaround, Church's raised the bar again with a people-centric approach that extends throughout all aspects of the organization and its global network – beginning first and foremost with employees.
"Essentially, we want people..."
Hormel Foods Reports Record Fourth Quarter Sales And Earnings
Hormel Foods Corporation, a leading global branded food company, today reported results for the fourth quarter of fiscal 2021. The fourth quarter and full year of 2021 contain an extra week as compared to the prior year. All comparisons are to the fourth quarter of fiscal 2020 unless otherwise noted.
EXECUTIVE SUMMARY - FOURTH QUARTER
- Volume of 1.4 billion lbs., up 14%; organic volume1 up 8%- Record net sales of $3.5 billion, up 43%; organic net sales1 up 32%- Operating income of $358 million, up 29%- Operating margin of 10.4%...
U.S. Pet Treat Sales Approach $10 Billion Mark
In its just-released report on Pet Treats and Chews in the U.S., Packaged Facts projects that U.S. retail sales of dog and cat treats will reach $9.87 billion by the end of 2021, after two years of double-digit increases.
Sales growth in treats has consistently outpaced the more mature pet food market and pet supplies in general, and this growth accelerated with the COVID-19 pandemic. “Pet owners spending more time at home with their pets has translates into more opportunities for treat-giving,” notes Packaged Facts analyst...
Protein Markets Contend with More Than Just "Seasonal" Issues Heading Into Q4
ANALYSIS: Shell Egg Prices Crack New Record Highs Amid Strong Demand, Depleted Inventories
This Week in Retail: Seasonal Trends Start to Shift
Urner Barry Releases September Soy & Wheat Report
Urner Barry Releases September Pulse Protein Report