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Restaurant Brands International Inc. Introduces Five-Year Growth Outlook
Restaurant Brands International Inc. Chief Executive Officer, Josh Kobza, and Executive Chairman, Patrick Doyle, today shared their confidence in the long-term global growth outlook for Tim Hortons, Burger King, Popeyes and Firehouse Subs.
Mr. Kobza provided guidance for investors that the company expects to achieve a minimum of 40,000 restaurants, $60B in system-wide sales and $3.2B in Adjusted Operating Income by 2028 by delivering average annual results over the next five years of 3% plus comparable sales...
Krispy Krunchy Chicken Celebrates Record-Breaking 2023
As one of the fastest-growing foodservice solutions in the industry, Krispy Krunchy Chicken® has tapped into a new momentum and secured its spot as a leader in the space with record-breaking success in 2023. The hot food concept is nearly 3,000 locations strong, aided by the opening of 481 new units in 2023.
“Our growth this past year focused on three key components to success: optimizing our menu and procedures for ease of operation, building brand awareness, and, of course, continuing to serve...
New Markets and Award Recognitions Position the Noodles & Company Franchise for Momentum in 2024
Noodles & Company, (NASDAQ: NDLS) the national fast-casual chain known for its globally inspired noodle bowls, best-in-class service, and values-centric culture, entered new franchise markets and achieved high accolades in 2023 with honors from top publications including Forbes, Denver Business Journal, and Franchise Times. Noodles' franchise growth and award achievements demonstrate how the franchise continues to be an enticing opportunity for experienced multi-unit, multi-concept operators.
This year Noodles & Company made significant strides in furthering its franchise growth strategy called...
Stryve Foods Announces Major Distribution Expansion into Leading Retailers Across the United States
Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), a pioneer in healthy protein snacks, is thrilled to announce its strategic distribution expansion into several prominent retail chains, solidifying its presence in key markets. The company's innovative and protein-packed snacks will now be available at Southeastern Grocers, Cub Foods, Lunds/Byerly's, Fresh Thyme, Lowes Foods, AAFES, Holiday Oil, Timewise, Family Express, and Dash In.
This expansion marks a significant milestone for Stryve Foods, as it continues to gain recognition for its commitment to providing...
The Habit Burger Grill Partners with HMSHost On New Restaurant Opening
The Habit Burger Grill, the California, USA-based restaurant company renowned for its award-winning Charburgers grilled over an open flame, signature sandwiches, fresh salads, and more, announced the grand opening of their newest international restaurant in Chongqing, the fourth largest city in China, on Sunday, June 25, 2023. The restaurant is located at Terminal 3 in Chongqing Jiangbei International Airport.
“It is an honor to partner with HMSHost, a global leader in dining with an impressive track record in China. We are excited to open this flagship location...
Smashburger Accelerates Expansion in Utah with Multi-Unit Development Agreement
Smashburger, the leading fast-casual restaurant chain renowned for its hand-smashed to order burgers, announced today the signing of a multi-unit development agreement to further expand its footprint in Utah, bringing five new locations to Salt Lake City. Leading the brand's expansion in the market is multi-unit franchisee Michael Walker of Zuvachs, LLC., who acquired two existing Smashburger locations in Salt Lake City through the deal. The announcement builds on the growth momentum that Smashburger has achieved since the beginning of the year, adding 26 locations to...
Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal First Quarter Ended April 16, 2023
Red Robin Gourmet Burgers, Inc. a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the fiscal first quarter ended April 16, 2023.
Highlights for the First Quarter of Fiscal 2023, Compared to the First Quarter of Fiscal 2022:
US Foods to Acquire Renzi Foodservice
US Foods Holding Corp. -one of America’s leading foodservice distributors – announced today that it has agreed to acquire Renzi Foodservice, a broadline distributor located in Watertown, New York. The acquisition, which is the first for the company since April 2020 and the first under CEO Dave Flitman’s leadership, will allow US Foods to further expand its reach into central upstate New York where the company does not have a distribution center.
Family-owned for two generations, Renzi Foodservice has more than $180 million in annual...
Dollar General Announces Supply Chain Growth
Dollar General today announced recent expansions in its global supply chain network including the opening of its first ground-up, dual facility in Blair, Nebraska and two permanent regional distribution hubs in Newnan, Georgia and Fort Worth, Texas. The Company also announced expansion plans in Jonesville, South Carolina and Amsterdam, New York at existing facilities.
“The recent additions to our supply chain network aim to provide greater efficiencies, create additional jobs and drive positive economic impact,” said Tony Zuazo, Dollar General’s executive vice president of global supply chain. “We’re excited to continue growing our...
Ferraro Foods Announces Major Expansion of Long Island Distribution Business
Ferraro Foods, one of the country’s largest specialty distributors of food and foodservice supplies to Italian restaurants and pizzerias, announced a major expansion of its Long Island distribution business with the addition of a 230,000-square-foot warehouse and distribution center located at 80 Wilshire Blvd in Edgewood, N.Y., positioning the company to greatly increase its share of the world’s largest, most concentrated local pizza market.
Situated near several major highways at the geographical center of Long Island, which accounts for the largest sales volume of specialty Italian foods in...
Post Holdings’ Michael Foods Business Announces Expansion of Norwalk, Iowa Manufacturing Facility
Post Holdings, Inc, a consumer packaged goods holding company, announced expansion plans for its Michael Foods manufacturing and distribution facility in Norwalk, Iowa.
The 150,000 square-foot facility, which processes eggs and precooked egg products, opened in 2019. The expansion will add approximately 132,000 square-feet and is expected to create an estimated 186 new jobs. Construction is expected to begin in July 2023 with targeted completion in December 2024.
“We are excited our continued growth led us to seek expansion in Norwalk...
ANALYSIS: Shifting Market Dynamics Alter Trend Between Cattle and Corn Prices
ANALYSIS: Inside Rounds Witness Post-Valentine's Bump to Highest February Price in Decades
ANALYSIS: Lighter Cattle Weights and Reduced Output Pull YTD Beef Production Lower
ANALYSIS: A Seasonal Snapshot of Christmas and Easter's Boost to Lamb Leg Sales
ANALYSIS: A Closer Look at Formula vs. Negotiated Sales in the Boneless Beef Segment