Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required.
Password is required.
Cracker Barrel Acquires Maple Street Biscuit Company
Cracker Barrel Old Country Store, Inc. announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Scott Moore will remain CEO of Maple Street Biscuit Company and will report directly to Sandra B. Cochran, President and CEO of Cracker Barrel.
“The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. We have long admired Maple Street Biscuit Company with...
Chipotle Enhances Animal Welfare Standards in Canada and Europe
Chipotle Mexican Grill announced that it's signing the European Chicken Commitment, a venture that will apply even higher animal welfare standards to its entire European supply chain by 2026. Priding itself on serving food with integrity, Chipotle was an early participant in the U.S., supporting the Better Chicken Commitment since 2017 and has now extended this U.S. Broiler commitment to its operations in Canada as well.
Chipotle is committed to cultivating a better world, which means sourcing responsibly raised ingredients. For over 25 years, Chipotle has been an industry leader in exceptional animal welfare standards in the fast-casual space. As a brand started by a classically trained chef with a passion for real food, Chipotle has pioneered...
Panera Bread Launches New Category of Warm Grain Bowls
Just in time for fall, Panera is launching hearty, warm Grain Bowls featuring a medley of whole grains, crisp greens, vibrant vegetables and lean protein infused with bold, internationally-inspired flavors and sauces. The new Baja warm Grain Bowl and Mediterranean warm Grain Bowl--both available with or without chicken--mark Panera's entry into the grain bowl category. The introduction of grain bowls is the next step in Panera's evolving mission to offer more grains, plants and proteins on its menu, with a focus on delivering craveable food that makes you feel not just full, but fulfilled. This "Full of Good" philosophy leans into the notion that consumers shouldn't have to compromise between...
NPD Group: U.S. Restaurant Cash Registers Rang More in August
Amidst a chicken sandwich war, taking advantage of the last remaining days of summer vacation, and the want of having someone else do the cooking, consumers made more purchases at U.S. restaurants in August than they did the year before, reports The NPD Group. Quick service restaurants (QSRs) were the primary beneficiaries of this consumer demand with same-store dollars up by 4.4 percent.
Restaurant transactions were positive for QSR chains throughout the month of August, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale chains, and casual dining chains. The full service segment of casual and midscale/family chains continued to be soft compared to...
Moe's Southwest Grill Appoints Erik Hess as Brand President
Erik Hess joins the Moe's Southwest Grill brand with more than 25 years of global experience in the food and beverage industry specializing in business strategy, consumer insights and improving operations. Hess will be leading as President of the Moe's brand, a fast-casual Mexican concept with more than 725 operating units, where he will oversee franchise and company operations, marketing, supply chain and product innovation.
"I am excited to lead the Moe's Southwest Grill brand because it sits in one of the fastest growing segments in the restaurant industry," says Erik Hess, President, Moe's Southwest Grill. "The brand has great food, an incredibly loyal fan base and very involved franchisees. We're well positioned to accelerate growth."
Previously, Hess spent 25 years at McDonald's Corporation in a wide variety of senior leadership positions responsible for...
Panera Bread Expands Delivery Capabilities through Partnerships with DoorDash, Grubhub and Uber Eats
Panera Bread today announced the availability of its national delivery service for the first time through DoorDash, Grubhub and Uber Eats. In addition to being able to order from Panera's own app and web site, consumers will now be able to use all three apps to order Panera for lunch or dinner. Whether customers order via Panera's apps or through one of its partners, their orders will be delivered to them by Panera's own delivery drivers in most markets. Through these new partnerships, Panera is creating more ways for guests to access their Panera favorites while still ensuring the quality Panera delivery experience the company has honed over the last three years.
Delivery via the Panera app and ecommerce platforms remains in place and will continue to be a strong point of access, for both new and existing Panera customers. Year to date, Panera's platforms have driven more than 28 million delivery orders, resulting in...
Total U.S. Restaurant Visits in July Held Steady While Consumer Spending Increases
U.S. consumers visited restaurants this July at the same pace they did last July and consumer spending was up three percent compared to year ago, reports The NPD Group. Total U.S. traffic volume for commercial restaurants in the year ending June was 61 billion visits.
Industry bright spots this summer include quick service restaurant traffic gains and continued visit growth to fast casual restaurants, although increases are not as strong as in previous years, according to NPD’s ongoing foodservice market research. Digital orders, which include internet/mobile app and text message orders for carry out and delivery, are growing rapidly but still represent a small amount of traffic share. On premise dining is also realizing visit gains this summer.
NPD’s SalesTrack® Weekly, which is a national weekly same-store sales pulse of 60 participating brands representing over 113,000 QSR and full service locations, showed...
FAT Brands Continues Expansion in Pakistan With 5-Unit Development Deal
FAT(Fresh. Authentic. Tasty.) Brands Inc, parent company of Fatburger, The Last Great Hamburger Stand, announces today the development of five co-branded Fatburger and Buffalo’s Express concepts in Pakistan. In partnership with Crescent Star Foods (Pvt), the co-branded restaurants will increase the brand’s presence in Pakistan to six restaurants.
Hollywood's iconic Fatburger is best known for its mouthwatering, juicy burgers made famous by founder Lovie Yancey in Los Angeles more than 70 years ago. Each Fatburger is made-to-order with traditional fixings and delicious add-on items such as bacon, onion rings, cheese and egg. Buffalo’s Express further complements Fatburger’s menu offerings with...
FAT Brands Reports Fiscal Second Quarter 2019 Financial Results
FAT Brands Inc. today reported fiscal second quarter 2019 financial results for the 13-week period ending June 30, 2019.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased to report that the considerable growth in revenues was matched by an equally robust increase in adjusted EBTDA and that we leveraged our G&A expenses on our expanded top-line.”
Wiederhorn continued, “We are also excited to have closed on our acquisition of Elevation Burger in June. The brand is well-aligned with our own commitment to fresh, authentic, tasty food and we are confident that it has considerable opportunity to expand domestically and internationally with its organic, free-range, grass-fed offerings. Elevation Burger reflects another synergistic opportunity for...
QDOBA Mexican Eats Launches New Keto, Vegan, and Double Protein Bowls
QDOBA Mexican Eats, a leading Mexican fast-casual chain, is adding three new chef-inspired bowls to its restaurants systemwide. Following the successful introduction of Impossible™ – a plant-based protein – to its menu, the brand continues to expand its lifestyle options to fit guests’ varying lifestyles. QDOBA’s latest creations include:
Shake Shack Announces Partnership With Grubhub for Nationwide Delivery
Shake Shack (NYSE:SHAK), the modern day “roadside” burger stand, today announced they have entered into an integrated partnership with Grubhub (NYSE:GRUB), the nation's leading online and mobile food-ordering and delivery marketplace. The partnership reflects Shake Shack’s long-term digital growth and innovation strategy to make its iconic food more accessible to consumers through an increasing number of channels.
Grubhub and its Seamless brand in Shake Shack’s hometown of New York City - will be Shake Shack’s national delivery partner with direct-to-POS integration for menu syncing and order submission. With Grubhub’s “Just in Time” technology, pickups by drivers will be timed to the moment an order is ready, resulting in faster delivery, fresher food and a better guest experience. Shake Shack will have access to enhanced tools to analyze...
FAT Brands Completes Acquisition of Elevation Burger
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) announced that it has successfully completed the acquisition of Elevation Burger for $10 million which was funded through a combination of sellers’ notes and cash. With the acquisition of Elevation Burger, FAT Brands now franchises more than 400 restaurants around the world with annual system-wide sales exceeding $400 million.
Elevation Burger was originally conceived in 2002 by Hans Hess as a healthier burger offering. Delivering authentic, sustainably prepared food, Elevation Burger offers grass-fed, free-range options that are better for consumers and for the environment. Elevation Burger franchises 44 locations across the U.S. and internationally. Utilizing FAT Brands' vast expertise and resources, the acquisition is set to propel Elevation's forthcoming expansion, both globally and domestically...
Boston Market Launches New Summer Sandwich Menu
The first day of summer – and longest day of the year – is just around the corner, and that can only mean one thing: time to sack the sad sack lunch. While the nation gears up for summer Fridays and weekend picnics in the park, we quickly forget that lunch is arguably the most important meal of the day, and no one deserves a subpar sandwich. To help guide the way (well, minus the "sub") toward more mouth-watering midday options, the rotisserie everything experts at Boston Market® are debuting four new sandwich offerings this month that must be tasted to be believed – literally.
Friday, June 21 from 11 a.m. – 2 p.m., Boston Market is inviting everyone to leave that corner bakery and/or cafe in the dust and enjoy a free sandwich on the house – pitting "theirs" against ours in a full-on sandwich throwdown. Simply bring in your current favorite sandwich and taste the difference fresh, never frozen (and never "fil-a'd") rotisserie chicken can make. You'll be hooked. Guests are then invited to vote for...
QDOBA Mexican Eats Names San Diego “Home” with New Brand Headquarters
QDOBA Mexican Eats®, a leading Mexican fast-casual chain, is choosing to stay and invest in San Diego by opening its new headquarters in the AMP&RSAND office complex. Named “QDOBA Flavor Central,” the headquarters will also serve as a hub for the culinary team to create and test menu innovations.
“The QDOBA team is excited to call ‘America’s Finest City’ our official home,” said Keith Guilbault, CEO of QDOBA Mexican Eats. “During the search for our new office, we knew we wanted to stay in San Diego and diligently sought out a space that reflects our collaboration-centric culture. The AMP&RSAND is a perfect fit.”
Formerly occupied by The San Diego Union-Tribune, QDOBA’s new headquarters is located at 350 Camino De La Reina. The office features exposed brick, concrete pillars and...
Postmates and Pei Wei Launch On-Demand Delivery with Free Delivery
Postmates and Pei Wei Asian Kitchen, the leading fresh, Asian fast-casual restaurant, announced that they have partnered to bring Pei Wei's delicious Asian cuisine direct to the customer's doorstep. To celebrate, the companies are providing customers with free delivery. From the new, customizable Bento Boxes to its fresh, house-made Cauliflower Rice, every dish is made to order with quality ingredients, like house-chopped veggies and grass-fed flank steak. Now, you can have any of these delicious offerings delivered right to your door with no delivery fee.
"We are thrilled to add Pei Wei Asian Kitchen to our already long list of partners," said Dan Mosher, SVP, Merchant Lead at Postmates. "Our goal is to provide our customers with the most choices of any delivery platform, giving them the ability to...
Panera Bread Appoints Niren Chaudhary as CEO
Panera Bread ("Panera" or "the Company") today announced that it has appointed Niren Chaudhary as President and Chief Executive Officer, succeeding Blaine Hurst who is retiring from his current role as CEO of Panera effective May 23, 2019. Hurst will remain on the Board of Panera and become Vice Chairman, and will work alongside Chaudhary after he joins the Company in early May to help ensure a smooth transition into his new role.
Chaudhary joins Panera from Krispy Kreme, where he has been the Chief Operating Officer and President of Krispy Kreme International since 2017. Previously Chaudhary spent 23 years with Yum! Brands in a variety of executive positions. He has more than 25 years of international corporate leadership experience in the food retail and hospitality industry, and brings broad experience in...
U.S. Fast Casual Restaurant Chains Still Growing in Units and Customer Visits
Fast casual restaurant chains have been growing both in units and customer visits for the last decade, finds The NPD Group. The number of fast casual chain restaurants rose by 1 percent to 25,312 total units, based on NPD’s Fall 2018 ReCount® restaurant census, which includes restaurants open as of September 30, 2018. In the year ending February 2019 compared to year ago, fast casual customers increased their visits by 3 percent while the total quick service restaurant category, under which the fast casual category falls, were up 1 percent and total U.S. foodservice traffic remained flat, according to NPD’s ongoing foodservice market research.
The top five city metro areas with the most fast casual chain units based on the Fall 2018 ReCount are in rank order ...
Habit Burger Grill Named Best Regional Fast Food in USA Today’s 2019 10Best Readers' Choice Awards
Since 1969, The Habit Burger Grill (Nasdaq:HABT) has been winning the hearts and stomachs of burger lovers time and time again. Now as the company celebrates its 50th anniversary, The Habit Burger Grill is once again recognized for its flavorful chargrilled burgers, handcrafted sandwiches and fresh salads as the 2019 USA Today 10Best “Regional Fast Food” award winner.
“At The Habit, we strive to deliver high quality taste in each bite of every menu item every day, and our fans have shown their appreciation with this award,” said Russ Bendel, Chief Executive Officer at The Habit. “Being voted as the 2019 USA Today’s 10Best Readers’ Choice winner is a humbling honor for our company.”
The Habit has also received honors as the “Best Tasting Burger in America” from a leading consumer magazine. Earlier this year, Thrillist called out The Habit as the ...
QDOBA Mexican Eats Adding Impossible to Restaurants Nationwide by May 28
QDOBA Mexican Eats® is adding plant-based Impossible™ to its restaurants’ menus across the U.S. Following a successful product test in Michigan, the brand has decided to broaden its offering of Impossible with rolling availability beginning April 23 at select restaurants in Brooklyn, Denver and Los Angeles. By May 28, Impossible will be available at more than 730 locations across the country, which will make QDOBA the largest Mexican fast-casual chain to serve this plant-based protein.
“During our test, we quickly learned that consumers loved our unique take on Impossible, making it an easy decision to launch nationally,” said Jill Adams, vice president of marketing for QDOBA. “Our Impossible offering appeals to both meat lovers and vegans, while also delivering on the big, bold flavors that ...
Boston Market Springs into Spring with New Seasonal Flavors and Easter Offerings
Just in time for spring, the rotisserie everything experts at Boston Market® are serving up new, seasonal-inspired dishes featuring fresh flavors of the warmer months. Starting April 1, Boston Market will serve its famous rotisserie chicken with a new balsamic twist, as well as a new side dish and dessert, available nationwide only through June 2. The new spring menu selections include ...
FAT Brands Announces Multi-Unit Development Deal in Shanghai
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”), parent company of Fatburger, The Last Great Hamburger Stand™, announces the development of six new co-branded Fatburger and Buffalo's Express restaurants throughout Shanghai with Bloomfield Pty. Ltd. The new locations will build on FAT Brands' existing presence in China, where the company currently operates multiple successful locations in both Beijing and Shanghai.
Fatburger, the beloved Hollywood burger chain founded by Lovie Yancey, maintains and upholds its unique culture and trademark menu offerings crafted by founder Lovie Yancey when she launched the brand almost 70 years ago. Each Fatburger burger is made-to-order with traditional fixings and ...
The Emerging Foodservice Brands of 2019
A recent report by Fishbowl has defined emerging brands in the restaurant industry as chains with 5-75 units that exhibit a strong promise of potential growth in the future and embrace developments that are innovative and unique. These locations generate excitement, and consumers express interest in discovering these restaurants as the brands grow. The 2019 list was developed by survey analytics to obtain nominees from industry experts, food enthusiasts, executives, and advisors. Fishbowl then leveraged proprietary social data software to analyze more structured reviews, check-ins, and ratings. The Fishbowl Social Score was also used to rank the brands, using key performance indicators to rate restaurants on a score derived from the mining of consumer feedback. The algorithm is calculated on each brand's sentiment score, consumer ratings, check-in frequency, an enthusiasm index, and ...
FAT Brands Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2018 Financial Results
FAT(Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fiscal fourth quarter and fiscal year 2018 financial results for the 13-week and 52-week periods ending December 30, 2018.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “2018 was our first full year operating with our management platform, which was designed to seamlessly scale with new brand acquisitions. We demonstrated its capability through the smooth integration of both Hurricane Grill & Wings and Yalla Mediterranean into our system. We continue to seek synergistic acquisition opportunities that meet our criteria, where we can leverage our platform to drive efficiencies and growth.”
Because 2018 was our initial full year of operation, comparative information is not available for ...
Millennials with Kids Are a Growth Group for U.S. Restaurants
Millennial parents, just like parents from the generations that preceded them, are increasingly looking to restaurants to take on the task of cooking for their families. Millennials with children increased their restaurant visits by 5 percent in 2018 compared to prior year, reports The NPD Group. Their visit increase is in comparison to flat traffic growth for the total foodservice industry in 2018, according to NPD, which tracks on a daily basis U.S. consumers’ use of restaurants and other foodservice outlets.
Millennials overall make the most restaurant visits per capita although their visits have been slowing. As teens and young adults they influenced the growth of the fast casual category, the “fresh” movement, and were early adopters of the hottest sauces and an assortment of ethnic flavors. Now as parents with hectic lives they’re turning to restaurants for ...
Wingstop Appoints Chief Growth & Experience Officer and Names Leader of Digital
Wingstop Inc. (NASDAQ:WING) the award-winning wing concept with more than 1,200 locations globally, today announced that Maurice Cooper has been appointed to the newly created role of Executive Vice President, Chief Growth & Experience Officer, effective immediately. Maurice will maintain the responsibilities he held previously as Chief Marketing Officer, while also overseeing the end-to-end guest experience. Additionally, he will lead the Company’s revenue-driving initiatives, which include the national scale of delivery, and digital innovation. Maurice will continue to report to Charlie Morrison, Chairman and Chief Executive Officer.
“Since June 2018, Maurice has served as Wingstop’s Chief Marketing Officer, leading our growth strategy transformation by introducing a national advertising platform to ...
Technomic Reports that Foodservice Achieved Strong Sales Growth in 2018
According to Technomic's 2019 Top 500 Chain Restaurant Advance Report, restaurant chains achieved stronger sales growth in 2018 than what was observed the prior year. This growth comes despite diminishing consumer foot traffic, labor challenges, and volatile operating conditions. For 2018, cumulative sales for the top 500 chains grew to $318 billion. Meanwhile, sales growth for casual dining rebounded to 1.3% in 2018, after dipping to 0.3% in 2017. Fast casual remains to be the fastest growing segment, increasing its sales 7.3% for the year. While sales have seen increased growth, new locations growth fell to a rate of 0.7% in 2018.
Also, total U.S. sales for the top quick service food chains is above $10 billion, whereas last year ...
Tillster Serves the Stats on QSR and Fast-Casual Delivery
Shake Shack Announces Fourth Quarter and Fiscal Year Ended 2018 Financial Results
Shake Shack Inc. (NYSE: SHAK), today reported financial results for the fourth quarter and the fiscal year ended December 26, 2018, periods that included 13 and 52 weeks, respectively.
Financial Highlights for the Fourth Quarter 2018:
Foodservice Celebrates Valentine’s Day with Charming Limited Time Offers
Whether consumers are celebrating Valentine’s Day with a significant other, family, friends, coworkers, or plan to splurge on oneself, foodservice is providing exclusive limited time offers for those celebrating.
According to research from the National Restaurant Association, more than 30% of consumers will celebrate the holiday by dining out with their loved ones on February 14th, and since Valentine's Day falls on a Thursday this year, consumers will be celebrating their love well into the weekend. While the National Retail Federation reports that fewer consumers are celebrating the holiday this year, those that do are spending more than ever before. Therefore, it comes as no surprise that foodservice operators are looking to entice consumers during this commercial holiday to earn a cut of the record amount of spending expected to take place this year...
Moe's Southwest Grill Launches Quinoa Power Bowl Nationwide
Moe's Southwest Grill® is rolling out a new menu offering for those looking for more health conscious options - the Quinoa Power Bowl. The bowl packs all of the Southwest flavor that Moe's is known for with higher protein and fiber and lower carbohydrates. Today, the new bowl will roll out nationwide across the Moe's portfolio of more than 700 restaurants, making Moe's restaurants the first to launch a quinoa bowl in the Mexican fast casual segment.
The Quinoa Power Bowl is made with Mojo Chicken (all-natural white meat chicken breast), quinoa blend (quinoa, brown rice, sweet potato and zucchini), frijoles, shredded romaine lettuce, corn pico, guac, cilantro and queso fresco. Fans can also grab the quinoa blend as a side or an addition to other menu items ...
Firehouse Subs Brings the Heat with New Spicy Cajun Chicken Sub
To kick off Firehouse Subs' 25th anniversary year, the brand debuts its latest result of menu innovation, the Spicy Cajun Chicken Sub. Available now for a limited time in all U.S. and Puerto Rico restaurants*, this sub is a hearty serving of Cajun-seasoned grilled chicken breast with zesty cherry peppers, melted Pepper Jack cheese and house-made Cajun mayo, served steaming hot on Firehouse Subs' signature toasted sub roll, available in white or wheat.
At $5.55 for a medium Spicy Cajun Chicken Sub**, Firehouse Subs guests can enjoy the brand's newest menu item at an affordable price that delivers the unmatched quality, portions and flavor they expect and enjoy. Additionally, guests can make their sub a combo with ...
Chicken Salad Chick Signs Franchise Agreements for Development Beyond the Southeast
Fast casual concept to open first locations in Ohio and Illinois
Chicken Salad Chick, the nation's only southern inspired, fast casual chicken salad restaurant concept, announced today the signing of new franchise agreements that will expand its footprint beyond the Southeast and into the Midwest and South Central regions. These agreements will grow Chicken Salad Chick's presence in existing markets, including Texas and Louisiana, and mark its entry into Ohio and Illinois.
First-time Chicken Salad Chick franchisees Beth and Mike Heydt of Right to Serve, LLC and Jen Critchfiled of Buckeye Chick are fueling development in Ohio with the opening of the state's first restaurants in Columbus and Mason respectively. Illinois will also welcome its first Chicken Salad Chick location when Brad and Lisa Mazanek and Hannah Lukowski of SJ Restaurants, LLC open their new restaurant in Edwardsville next year, with an additional slated for development in O'Fallon. The company will continue to ...
FAT Brands Acquires Yalla Mediterranean
Rapidly Growing West Coast Franchisor Expands with Acquisition of Authentic Mediterranean Cuisine Chain
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) completed the acquisition of Yalla Mediterranean, a Los Angeles-based chain specializing in authentic, healthful Mediterranean cuisine and environmentally-friendly operations. With the acquisition of Yalla Mediterranean, FAT Brands franchises more than 300 restaurants worldwide and has over 300 additional restaurants under development in 32 countries, with annual system-wide sales greater than $300 million.
Founded in 2014, Yalla Mediterranean serves authentic cuisine prepared fresh daily with farm-friendly, GMO-free local ingredients from a menu that includes vegetarian, vegan, gluten-free and dairy-free options to accommodate customers with a wide variety of dining needs and preferences ...
Taziki’s Mediterranean Café Launches New Innovative App
Customers to Receive Offers And Better Ordering Experience
Taziki's Mediterranean Café Launches New Innovative AppBirmingham, AL (Restaurant News Release) Taziki’s Mediterranean Café, recently named one of Inc. 5000’s fastest growing companies, has seen an impressive rise in online ordering and to-go sales in 2018.
During the past three years, the company has experienced an over 200% increase in the amount of online and to-go orders.
As a result, Taziki’s is focusing on efficiency and improving the customer experience with the ordering process. The restaurant is working to create more convenient ways to order ahead, both with a mobile app and online ordering options ...
CAVA Announces Completion of Zoës Kitchen Acquisition
The combined company will have more than 8,000 team members across 24 states
CAVA Group Inc., a privately held and fast growing Mediterranean culinary brand, today announced that it has completed its acquisition of Zoe's Kitchen, Inc., (NYSE: ZOES) and that Thursday, November 22nd will be the first day of operations for the combined company.
Zoës Kitchen shareholders received $12.75 per share in an all-cash transaction valued at approximately $300 million, as was originally announced on August 16, 2018. The acquisition will bring Zoës Kitchen into the private market...
Panera Bread Meets Demand for Better Breakfast On the Go with Breakfast Delivery
First National Restaurant Company to Offer Breakfast Delivery by Its Own Drivers to Office or Home
Whether you prefer early dining at your desk or breakfast in bed, Panera Bread is giving you a new way to kick-start the morning by launching breakfast delivery, starting with 231 cities and towns nationwide. Now, Panera fans who work or live near participating cafes can order a better breakfast on the go that is packed with wholesome ingredients like fresh fruit, 100% clean bacon or brioche rolls baked fresh...
Pei Wei is Now Offering Delivery, Making it Easier to Indulge in Fresh, Handcrafted Asian Food
Leading fresh, Asian fast-casual restaurant now delivers
Pei Wei Asian Kitchen has launched delivery nationwide, making it more convenient for guests to enjoy their favorite handcrafted, Asian-inspired dishes. Stay inside where it’s warm and cozy, because the leading fresh, Asian fast-casual restaurant now delivers straight to your door!
“After we re-launched our online ordering platform and mobile app, we saw an immediate increase in online ordering sales,” said Pei Wei Chief Marketing and Digital Officer Brandon Solano. “Online ordering correlates with delivery services, so we knew that we needed to launch this feature in order to make our food even more accessible to our loyal guests...
Restaurant Sales Continue To Improve As Guests Visit Less But Spend More
Same-store sales growth on a two-year basis was 1.1 percent during October according to TDn2K’s Black Box Intelligence™ data, based on weekly sales from over 30,000+ locations representing 170+ brands and nearly $71 billion in annual sales.
Headlines continue to be encouraging for the industry, as chain restaurants posted their fifth consecutive month of positive same-store sales growth during October. This month’s sales growth rate of 0.8 percent does represent a slowdown from the 1.2 percent reported for September and the 1.8 percent for August, but there was a promising sign in October’s results. Same-store sales growth on a two-year basis was 1.1 percent during October. As a comparison, two-year sales growth rates averaged -0.9 percent for the previous six months. These insights come from TDn2K’s Black Box Intelligence™ data, based on weekly sales from over 30,000+ locations representing 170+ brands and nearly $71 billion in annual sales.
“As the industry heads into the fourth quarter, the fear was that...
Plain and Simple, some Chains are Offering Clean-Label Menu Items
Restaurant companies, committed to answering their customers’ calls for clean-label items, are taking that request seriously.
In addition to offering more better-for-you menu options that are smaller in size, lower in calories and made with whole grains and lean proteins, some restaurant chains also are removing artificial colors and preservatives from their foods. Here’s a sampling...
Explosion Suspends Production at Cargill's Dodge City Plant
Post-Summer Back to the Grind Kept U.S. Restaurant Transactions Flat in September
Sold-Out Global Protein Summit a Smash Hit in Chicago
Cattlemen Participate in White House Event Spotlighting Federal Overreach
EPA, USDA Announce Agreement on Promoting Biofuels
URNER BARRY INDICES