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Butterball Releases Its 2023 Thanksgiving Outlook Report
Butterball, the best known and most loved* brand of turkey in the U.S., today released its annual Thanksgiving Outlook Report, revealing consumer plans and sentiment with the holiday less than three months away.
According to the findings, people are optimistic and planning to celebrate – with turkey as the centerpiece – again this year, but inflation is top of mind for many. Notably, 79% of consumers who plan to celebrate Thanksgiving expect inflation to impact their plans. However, holiday hosts remain committed to serving turkey, with 82% still planning to serve it...
The Freedonia Group Launches New Report on Consumer Insights and Trends in the US Shopping & Dining
The Freedonia Group, a leading provider of market research and business intelligence, has released US Shopping & Dining Consumer Insights 2023. The report examines consumer habits and attitudes about shopping and dining in the US, with a focus on the impact of the COVID-19 pandemic.
The pandemic accelerated a number of existing trends in the shopping and dining market, including the growth of e-commerce and foodservice delivery. The report also finds that consumers are increasingly looking for...
Drake’s “Dave’s Hot Chicken” Named America’s Fastest-Growing Restaurant Chain
In May 2017, four friends scraped together $900 to purchase a fryer, and served up the best-tasting hot chicken tenders around to those willing to venture to their East Hollywood parking lot pop-up. The proprietary hot chicken recipe was so good that, in 2021, Drake took notice, and became a significant investor in the concept, Dave’s Hot Chicken. The company recently celebrated its 6th anniversary by hosting a pop-up in the East Hollywood parking lot where it all began, passing out free food to customers both...
Maple Leaf Foods Releases First Integrated Report Consolidating 2022: Financial and Sustainability
Maple Leaf Foods Inc. today released its first annual integrated report, bringing together its 2022 financial and sustainability performance under one umbrella. This approach to reporting more clearly demonstrates the interconnectivity between the company's sustainability initiatives, business strategy and performance, and provides a more holistic view of how sustainability is woven into all aspects of the company's business and commitment to creating shared value over time through strategic action, leadership and transparency.
In his opening Letter to Stakeholders, Maple Leaf Foods' Executive Chair and CEO, Michael McCain, reflects...
New Smithfield Foods Report Documents 21 Years of Progress Toward Sustainability Goals
Smithfield Foods, Inc. today published its 21st annual sustainability impact report tracking progress toward its ambitious sustainability targets in its continuing commitment to produce "Good Food. Responsibly.®"
"Smithfield's sustainability programs have accelerated over the past several years, and 2022 was a year of significant progress," said Stewart Leeth, chief sustainability officer for Smithfield Foods. "We completed a comprehensive watershed analysis, made progress toward our food loss and waste goals and expanded our renewable energy footprint to further reduce.
Technomic Reports High Inflation Impacted Top 500 Chain Restaurant Performance in 2022
Technomic released one of its most highly anticipated reports, the 2023 Top 500 Chain Restaurant Report, which includes expert findings and insights into the sales performance of U.S. chain restaurants in 2022. The report—built using decades of historical data—provides a detailed analysis of the foodservice industry and overarching trends, annual sales and unit counts by chain and segment, and Top 500 sales forecasts for 2023.
"Unprecedented levels of foodservice inflation had a major effect on the industry's largest chain restaurants...
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