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.
Chicken Salad Chick Targets Midwest for Development, Announces Aggressive Franchise Growth Goals
Chicken Salad Chick, the nation's only Southern inspired, fast casual chicken salad restaurant concept, announces aggressive franchise expansion plans for the Midwest. The fast-growing brand has mapped out development goals to add 50 locations to the pipeline for the Midwest in the next four years via strategic franchise partnerships.
These development goals build on the tremendous growth Chicken Salad Chick has experienced this year, with 17 signed agreements year-to-date and 40 locations projected to open by year-end. In addition to this impressive development...
Chipotle Continues To Evolve Its Loyalty Program And App Experience With Record Digital Sales
Chipotle Mexican Grill today announced it is continuing to evolve its digital experience with enhancements to the Chipotle Rewards program, which has helped the business already surpass $2 billion in digital sales this year. The Chipotle Rewards program now boasts 24 million members and remains among the fastest growing loyalty programs in the history of the restaurant industry.
Introducing Extras from Chipotle RewardsToday, Chipotle is officially rolling out Extras, an exclusive feature for Chipotle Rewards members that unlocks access to extra points, helping...
Chipotle Tests Plant-Based Chorizo in Select Markets
Chipotle Mexican Grill today announced its latest menu innovation, Plant-Based Chorizo, is in test in Denver and Indianapolis. Plant-Based Chorizo is the brand's first new plant-based protein option since the debut of Sofritas® in 2014.
All Plant-Based, For RealOver the past year, Chipotle's culinary team has worked relentlessly to develop a Plant-Based Chorizo recipe that aligns with the brand's industry-leading Food with Integrity standards and delivers a craveable plant-based protein using only real ingredients.
Chipotle's breakthrough new Plant-Based Chorizo has the...
QDOBA Mexican Eats Promotes Eric Williams to Chief Operating Officer
QDOBA announced the promotion of Eric Williams, a seasoned foodservice industry executive with more than 30 years of experience, to chief operating officer. Previously, Williams served as vice president of franchise & license operations, and in his new role will oversee more than 740 QDOBA locations across the U.S. and Canada and support QDOBA franchise owners, ultimately ensuring the company's continued overall success.
"Since joining QDOBA, Eric has proven to be an exceptional leader capable of taking on additional responsibility," said Keith Guilbault, CEO of QDOBA. "He has provided valuable insight to...
The Habit Burger Grill Launches with Impossible Foods
The Habit Burger Grill announced the continuation of its offerings with Impossible Foods Inc., bringing the company's plant-based meat to select locations in the US. Beginning August 11th, The Habit Burger Grill will introduce two culinary innovations to their menu, the Original Impossible™ Burger and the Impossible™ Bistro Burger, both of which are made with Impossible Foods' award-winning plant-based meat.
Combining The Habit Burger Grill's standard for freshly prepped ingredients and high-quality food, the Original Impossible Burger and the Impossible Bistro Burger aim to satisfy guests' desire for a delicious and...
Shake Shack Announces Second Quarter 2021 Financial Results
Shake Shack reported its financial results for the second quarter ended June 30, 2021, a period that included 13 weeks.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, “We remain on the path towards full sales recovery, with total revenue up over 104% versus the second quarter of 2020. As restrictions relaxed across the country, in-Shack sales rose more than 300% year on year. The resilience of our business can be seen through the ongoing revenue improvement in our hardest hit urban Shacks, while at the same time we retained the strong business we built in our suburban Shacks. Additionally, even as more of our guests came back to meet us in person, we still grew our digital business double digits and retained approximately 80% of the digital sales versus...
Chipotle Announces Second Quarter 2021 Results
Chipotle Mexican Grill reported financial results for its second quarter ended June 30, 2021.
Second quarter highlights, year over year:
Portillo's Announces Confidential Submission of Draft Registration Statement for Proposed IPO
Portillo's Hot Dogs, LLC ("Portillo's") today announced that Portillo's, Inc. has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions...
Baja Fresh Adds Impossible Foods to Menus Nationwide
Baja Fresh Mexican Grill, the fast-casual Mexican food chain, is launching three new menu options featuring Impossible™ meat made from plants. The lineup of Impossible™ dishes will be available at participating stores nationwide.
The three Impossible™ varieties include:
The Fried Chickin' Sandwich Goes Plant-Based this Summer at Veggie Grill
Veggie Grill has launched its Crispy Buffalo Chickin' Sandwich for a limited time only. From June 30 – July 27, guests can grab this classic crispy treat with all of the flavor and none of the meat. The sandwich features Crispy Chickin' topped with creamy ranch, buffalo sauce, pickles, lettuce and tomato, all layered between a warm toasted brioche bun.
"We believe our plant-based Crispy Buffalo Chickin' Sandwich rivals any other fried chicken sandwich offered on the market," said T.K. Pillan, founder and executive chairman, Veggie Grill. "All our menu items...
Shake Shack Announces China Expansion
Shake Shack and licensee Maxim’s Caterers Limited are continuing the momentum in China with an expanded partnership to open 10 Shacks in new territories by 2031, including locations in Sichuan, Chongqing, Yunnan, Hubei, Shaanxi, Anhui, Henan and Guizhou.
The new agreement increases the company’s development commitment with Maxim’s Caterers Limited in China to 79 by 2031. There are currently 16 Shacks open in China, with 2021 new market entries so far in Macau and Shenzhen; Hangzhou will come...
RAVE Restaurant Group Names Clint Fendley CFO
RAVE Restaurant Group, the parent Company of Pizza Inn and Pie Five Pizza, announced the promotion of RAVE's Vice President of Finance, Clint Fendley, to chief financial officer, effective July 5, 2021.
Fendley was hired in January 2020 as RAVE Restaurant Group's Vice President of Finance. During this time, Fendley led the finance team and helped guide the Company during the pandemic, with a focus on cost control and cash management. Fendley also led RAVE Restaurant Group's successful efforts to regain compliance with...
Shake Shack Appoints Katherine Fogertey as Chief Financial Officer
Shake Shack announced that Katherine Fogertey has been appointed to serve as the Company’s Chief Financial Officer, effective June 14, 2021. Katie joins Shake Shack’s executive leadership team and will be responsible for leading financial operations across the Company, including accounting and control, financial planning and analysis, operations finance, investor relations and external reporting.
Katie brings to Shake Shack more than 15 years of financial and investment experience, including equity and derivatives research, financial modeling and forecasting, and a deep understanding and focus on the restaurant industry.
Randy Garutti, CEO of Shake Shack, stated, "I am excited to welcome Katie to the Shake Shack leadership team as...
QDOBA Mexican Eats Appoints Jim Sullivan to Chief Development Officer
QDOBA announced the appointment of Jim Sullivan, a seasoned restaurant industry executive with more than 25 years of experience in real estate, franchise development, and site acquisition management, to chief development officer. In his new role, Sullivan will lead all restaurant development activities, including market planning, site selection, real estate negotiations, franchise sales and more to support the company's aggressive growth plan.
"Jim brings a unique perspective and strong leadership approach, backed by a proven track record of successfully accelerating franchise growth for some of the nation's leading restaurant concepts," said Keith Guilbault, CEO of QDOBA. "His expertise and years of experience in growing brands similar to...
Panera Bread Announces Plans for New Bakery-Cafe Design
Panera unveiled its next-generation Panera bakery-cafe restaurant design. Panera is redefining its modern experience to serve today's guest. This includes enhanced digital capabilities, personalized options and more drive-thru access for an increasingly off-premise world; yet, the brand is still betting on dine-in with comfortable seating around its signature fireplace and a focus on its unique craft bakery experience within a vibrant, warm and welcoming environment.
The new restaurant design builds upon Panera's innovation in digital and positions the concept to continue to thrive in off-premise channels including Delivery, Drive-Thru and Rapid Pick Up® – both in-cafe and...
Chipotle Increases Wages and Provides Path to Six Figure Compensation
Chipotle Mexican Grill announced it is increasing restaurant wages resulting in a $15 average hourly wage by the end of June. In addition to best-in-class benefits and a competitive hourly rate, Chipotle's crew members can advance to a Restaurateur, the highest General Manager position, in as little as three and a half years, with average compensation of $100,000 while leading a multi-million-dollar growing business.
The wage increases for new and existing hourly and salaried restaurant employees will be rolled out over the next few weeks and will result in hourly crew member starting wages ranging from $11-$18 per hour.
Chipotle has also introduced...
Shake Shack Announces First Quarter 2021 Financial Results
Shake Shack reported its financial results for the first quarter ended March 31, 2021, a period that included 13 weeks.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Spring has ushered in a great energy around the country and in our hometown of New York City. With COVID cases stabilizing and more regions steadily loosening restrictions, we are optimistic that improving trends can continue for our industry."
Garutti continued, “In the first quarter and so far through fiscal April, the positive momentum of our financial recovery continued. Total revenue was $155.3 million in the first quarter, up...
Yum! Brands Reports First-Quarter Results
Yum! Brands reported results for the first-quarter ended March 31, 2021. Worldwide system sales excluding foreign currency translation grew 11%, with 9% same-store sales and 1% unit growth. First-quarter GAAP EPS was $1.07. First-quarter EPS excluding Special Items was also $1.07, an increase of 67% over the prior year quarter.
David Gibbs Comments
David Gibbs, CEO, said “First-quarter results reflect encouraging momentum across our business, including solid 2-year same-store sales growth and a meaningful uplift in unit development, underpinned by the focus and collaboration of our franchise partners and restaurant teams around the world. During the quarter we took important steps to further boost our digital and marketing capabilities through the acquisitions of...
Yum! Brands Announces Approved Science-Based Targets to Address Climate Change
Yum! Brands, parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurants, announced it will decrease its greenhouse gas (GHG) emissions 46% by 2030 in partnership with its franchisees, suppliers and producers as part of its broader strategy to address climate change. Additionally, Yum! pledged to achieve net-zero emissions by 2050. The science-based targets (SBTs) are consistent with reductions required to keep warming to 1.5ºC and have been approved by the Science Based Targets initiative.
“Climate change is one of the top priorities of our Recipe for Good strategy, and we’re investing significantly in sustainable growth to address this issue by working closely with our brands, franchisees and suppliers,” said David Gibbs, Yum! Brands CEO. “We believe in the collective power of Yum! and...
Chipotle Announces First Quarter 2021 Results
Chipotle Mexican Grill, Inc. reported financial results for its first quarter ended March 31, 2021.
First quarter highlights, year over year:
Smashburger Calls to End the Chicken Wars with Launch of Peace Offering Promotion
Smashburger invites guests to test their spicy-food threshold with the announcement of the brand's newest premium menu creation, the Scorchin' Hot Crispy Chicken Sandwich. Made with Nashville hot crispy chicken, spicy red pepper mayo, pickles, and served on a classic toasted bun, the hot new menu item is available at Smashburger locations nationwide starting today through June 15, 2021.
In the spirit of the competitive pressure for chicken sandwich dominance among many quick service restaurant brands, Smashburger is calling an end to the famous chicken wars inviting restaurant chains to...
U.S. Restaurant Chain Customer Transactions Begin to Recover
In mid-March 2020, U.S. governing authorities, to get the COVID-19 global pandemic under control, restricted on-premises dining at roughly 70% of all U.S. restaurants, a historical defining moment for the industry. By the last week of March 2020, customer transactions at major restaurant chains had fallen by -43% compared to year ago and by -77% at full service chains, which were most impacted by the dine-in restrictions.
In March 2021, with the lifting of restrictions and more consumers vaccinated, customer transactions at major restaurant chains were up +32% compared to the steep declines year ago, although still down -6% compared to two years ago, March 2019. Major chain transactions at full service restaurants were up...
Chipotle Releases 2020 Sustainability Report, Achieves 50% Waste Diversion Goal
Chipotle Mexican Grill announced the publication of its 2020 Sustainability Report. The report covers Chipotle's impact, progress and goals across a variety of areas that play a critical role in its mission to Cultivate a Better World.
Chipotle achieved a 51% waste diversion rate through recycling, composting, and waste-to-energy programs, reaching a key goal outlined in its 2018 Sustainability Report. The company continues to expand its innovative methods of diverting waste, including its Glove to Bags program, an initiative that transforms...
US Foodservice: Expect an Even Bigger Lift From the Third Stimulus
Checks under the USD 1.9 trillion American Rescue Plan, the third and largest stimulus package since the pandemic outbreak, began rolling out mid-March. The US government expects nearly 85% of all US residents – adults, children, seniors – to receive direct payments of up to USD 1,400 based on household income. The ongoing stimulus is substantially higher than the last two in April and December 2020, which included direct payments of USD 1,200 (plus USD 500 per child) and USD 600 (plus USD 600 per child), respectively.
Recipients Spent 10% to 15% More in Restaurants Following the Last Two Rounds of Stimulus
Credit/debit card transaction data from Earnest Research, a data analytics firm that tracks the US consumer economy through foot traffic, credit/debit card spend, retail pricing, and healthcare data, shows...
Shake Shack Announces Tara Comonte Stepping Down as President and CFO
Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced that Tara Comonte, President and Chief Financial Officer for the last four years, will depart the Company to become CEO of a private company outside of the restaurant industry.
Comonte, who joined Shake Shack in 2017, will remain in her current role through May 7, 2021 to oversee the Company's fiscal first quarter 2021 reporting period and ensure a thorough transition of her responsibilities...
10% of All U.S. Restaurants have Closed Permanently Since the Pandemic Began
Datassential revealed that 10.2 percent of U.S. food establishments have closed permanently since the pandemic began, citing new data from the company's proprietary Firefly database released.
Of the 778,807 food establishments in operation since the onset of COVID-19, 79,438 have closed for good as of Monday, according to the report from Datassential. The figure does include restaurants that have opened during the pandemic.
That includes restaurants at all levels of service: QSR (fast-food), fast-casual, midscale, casual and fine dining as well as food trucks. Food trucks have been affected the most of any segment, with...
Chipotle Invests in Leading Autonomous Delivery Company, Nuro
Chipotle Mexican Grill announced that it has invested in Nuro, a leader in autonomous delivery, as part of their Series C funding round. Nuro uses robotics in their fleet of on-road, occupantless and autonomous vehicles to deliver everyday consumer goods. This is the first significant investment in a third-party technology company the organization has made since Chairman and Chief Executive Officer Brian Niccol took the helm in 2018.
Expanding access and convenience through Chipotle's digital ecosystem is a strategic priority for the company. Chipotle's digital business grew over 174% year over year in 2020, with about half of the digital sales coming from...
Chipotle to Accelerate Expansion into Canada
Chipotle Mexican Grill announced it will continue its expansion into Canada with a new location in Surrey, BC that is scheduled to open on March 30. The restaurant will be Chipotle's first new Canadian location since its Markham, Ontario restaurant opened its doors in October 2018.
Chipotle also has plans to unveil its first Canadian Chipotlane at a new restaurant opening in Port Coquitlam, BC this summer. Chipotlane, the brand's drive-thru digital order pickup lane, increases access and convenience by providing a speedy and seamless guest experience in under a minute.
In addition to the Surrey and Port Coquitlam locations, Chipotle plans to open six additional restaurants in British Columbia and Ontario over the next 12 months. There are currently...
U.S. Restaurant Customer Transaction Declines Steepen in February
Severe weather in many parts of the country in February hampered the softening of customer transaction declines at major U.S. restaurant chains reported in the last few months of 2020 and this January, finds The NPD Group. Major restaurant chain customer transactions declined by -13% versus year ago, compared to a -9% decline in January, according to NPD’s CREST® Performance Alerts which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing 53% of the commercial restaurant traffic in U.S.
Record-shattering cold, snow, and rain affected a large swath of the U.S. in February. Texas, the second most populated state after California, was hit with a winter storm in mid-February that dropped significant amounts of...
Chipotle Launches New Hand-Crafted Quesadilla as Its First Customizable Digital-Only EntreeChipotle Mexican Grill announced it is introducing a new Hand-Crafted Quesadilla as a digital-only menu item on March 11. The Quesadilla marks the first customizable entrée Chipotle will add to its menu since it introduced a salad option 17 years ago.
"We're so excited to answer the call from fans and introduce one of the most highly anticipated menu items in our brand's history," said Chris Brandt, Chief Marketing Officer. "The Hand-Crafted Quesadilla brings so many new possibilities to our menu, and fans will love exploring fresh flavor combinations through...
Chipotle Announces Executive Compensation Metrics Tied to Sustainability Goals
Chipotle Mexican Grill announced that it has introduced a new Environmental, Social and Governance (ESG) metric that ties executive compensation to ESG goals. The objectives, which are categorized by Food & Animals, People, and the Environment, will hold Chipotle’s executive leadership team responsible to make business decisions that cultivate a better world.
Ten percent of officers’ annual incentive bonus will be tied to the company’s progress toward achieving the company’s goals.
“We are passionate about inspiring real change in people, food, and the environment every day,” said Laurie Schalow, Chief Corporate Affairs & Food Safety Officer. “The compensation plan...
Shake Shack Announces Fourth Quarter and Fiscal Year 2020 Financial Results
Shake Shack Inc., reported financial results for the fourth quarter and the fiscal year ended December 30, 2020, periods that included 14 and 53 weeks, respectively, as fiscal 2020 contained an additional operating week compared to fiscal 2019.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, “As we close the chapter on 2020, I'm so grateful and proud of the way our Shack family has overcome the obstacles that came our way, and led the continued recovery of our business while supporting each other and our communities. With much of the country still under varying degrees of lockdown, we're pleased to report revenue in the fourth quarter of $157.5 million, with same-Shack sales improving to...
Foodservice and Retail Get Creative for an Unprecedented Valentine’s Day
While the pandemic has caused disruptions to gatherings and going out, there remains a special significance around Valentine’s Day. Consumers are committed to celebrating the holiday, even if traditional celebrations must be altered. According to the National Retail Federation, about 52% of adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billon.Nearly three-quarters of consumers celebrating the holiday this year feel it is important to do so given the current state of the pandemic. The virus is still a focus, with 74% indicating it will directly impact their plans for the holiday. About 24% of consumers plan to gift their loved one with an evening out, the lowest in...
Chipotle Announces Fourth Quarter And Full Year 2020 Results
Chipotle Mexican Grill, Inc. reported financial results for its fourth quarter and fiscal year ended December 31, 2020.
Fourth quarter highlights, year over year:
Chipotle Tests Carside Pickup
Chipotle Mexican Grill announced it is testing Chipotle Carside at 29 restaurants in California. For the first time, fans can get Chipotle's real food delivered right to their parked cars using the Chipotle app.
How it Works
When ordering from participating restaurants, guests can select "Carside Pickup" in the checkout section of the Chipotle app.
After the order is confirmed, the following instructions will be displayed...
Boston Market Brings the Heat to the Chicken Sandwich Wars with All-New Nashville Hot
Boston Market is heating things up this winter, with its first-ever crispy chicken sandwich. Available for a limited time, guests can fire up their taste buds with the Nashville Hot Crispy Chicken Sandwich, plus two additional Nashville Hot menu offerings, including a spicy new take on its rotisserie chicken. A new, fire-free Crispy Chicken BLT Sandwich and Crispy Chicken with White Gravy Meal, plus returning guest favorites Chicken Marsala and Roasted Garlic & Herb Chicken, are also hitting Boston Market restaurants for a limited time.
"2020 is behind us, and so are the chicken sandwich wars. We've been bringing the heat in our rotisserie ovens for more than 30 years, and our new Nashville Hot Crispy Chicken Sandwich proves that...
QDOBA Launches New Health-Conscious Menu Offerings
Ahead of the New Year, QDOBA launched new, health-conscious creations under the Vegetarian, Keto & More category of their online menu. Introduced on December 29, the new entrées are designed to provide customers with menu options that help meet guests' dietary goals and needs, such as keto, vegetarian, low-carb, gluten-free and more. The offerings include QDOBA's recently introduced Mexican Cauliflower Mash, a low-carb alternative to rice made with fresh cauliflower that's oven-roasted in-house daily.
"With many people looking to improve their personal wellness in the New Year, we wanted to offer our guests a wide range of menu options that help them...
Shake Shack Provides Fourth Quarter 2020 Business Update
Shake Shack Inc. announced preliminary unaudited results for the fiscal fourth quarter and the fiscal year ended December 30, 2020 ahead of presenting at the 23rd Annual ICR Conference.
“We are pleased to see trends in the fourth quarter 2020 continue to improve with Average Weekly Sales of $62,000 compared to $58,000 in the third quarter 2020, and $45,000 in the second quarter 2020. Also in the fourth quarter 2020, Same-Shack sales declined 17.4% compared to...
U.S. Restaurant Industry Ends 2020 Making Its Way Out of the Steep Declines Caused by Pandemic
The U.S. restaurant industry closed one of the most unpopular years in history moving its way out of the steepest declines the industry has experienced since the Great Recession, reports The NPD Group. Customer transaction declines at major restaurant chains in December were down -10% compared to same period year ago, a 27-point improvement from April, the height of the shelter-at-home and restaurant dine-in closure mandates, when transactions declined by -37% from a year ago, according to NPD’s CREST® Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing...
Chipotle Launches Cilantro-Lime Cauliflower Rice for New Lifestyle Bowls
Chipotle Mexican Grill announced Cilantro-Lime Cauliflower Rice is available at U.S. and Canadian restaurants for a limited time. Chipotle's latest plant-based option is made with freshly grilled, riced cauliflower, finished with hand-chopped cilantro, lime, and salt, and prepared fresh in-restaurant every day.
New Year, New Start
Chipotle fans can start 2021 off with a new rice option that is compliant with Keto, Whole30®, Paleo, Vegan, and Vegetarian diets. Cilantro-Lime Cauliflower Rice has...
Muscle Maker Grill Opens the Doors to Their First Ghost Kitchen Location
Muscle Maker, Inc. the parent company of Muscle Maker Grill, Healthy Joe’s and MMG Burger Bar, a fast-casual concept known for serving “healthier for you” meals, announced the opening of its first ghost kitchen location in the Fairmount neighborhood of the city of Philadelphia. The company will open its second location in the Girard neighborhood.
Both the Fairmount and Girard locations are centrally located near a high density of both student/university eaters as well as a large pool of corporate workers who commonly order...
QDOBA Appoints Leviathan Winn as Chief Financial Officer
QDOBA announced the appointment of Leviathan Winn to Chief Financial Officer. In this role, he will help drive the QDOBA brand's continued growth.
"Leviathan's impressive track record of proven success in private equity, financial restructuring and corporate transformation will be valuable in his new role at QDOBA," said Keith Guilbault, CEO of QDOBA. "Throughout his career, Leviathan has executed a broad range of transactions including...
Boston Market Announces December Holiday Meal Offerings
Boston Market is offering countless festive meal options this December. Whether looking to bring home a pre-cooked feast, have one shipped directly to any doorstep or add a few a la carte staples to round out your holiday menu, Boston Market offers a variety of meal solutions.
"This year more than ever, the holidays should be a time to enjoy precious moments with loved ones, whether that be around a table or on a computer screen," said Boston Market President Randy Miller. "We pride ourselves on serving up hassle-free meal solutions that allow our guests more time to...
Smashburger Introduces New Pulled Pork Tailgater Burger Nationwide
Smashburger has announced its newest premium burger creation that is big enough for game day. Now through January 17, 2021, guests are invited to indulge in the Pulled Pork Tailgater Burger available at Smashburger locations nationwide along with a $2 beer special.
Featuring slow-smoked pulled pork, caramelized onions, Swiss and Certified Angus Beef® piled up on a pretzel bun with spicy mustard, the new Pulled Pork Tailgater is made to...
Chipotle Tests Smoked Brisket in Select Markets
Chipotle Mexican Grill announced it is testing Smoked Brisket at 64 restaurants throughout Cincinnati and part of Sacramento, California. Chipotle's latest protein features smoked beef brisket that is seasoned with a special spice blend, seared on the grill every day, and finished with a sauce made with Mexican peppers.
"We're thrilled to offer a new, responsibly-sourced brisket that tastes terrific and meets our industry leading Food with Integrity standards," said Chris Brandt, Chief Marketing Officer. "The richness of...
QDOBA Adds Michael A. Jackson to Its Board of Directors
QDOBA announced that seasoned finance and investment management executive Michael A. Jackson has been added to its Board of Directors.
"We're pleased to welcome Michael to our Board of Directors and are confident that his extensive knowledge and experience in the financial sector will elevate QDOBA to new heights as we head into a new fiscal year," said Keith Guilbault, CEO of QDOBA.
Jackson has over 30 years of experience in the finance industry, specifically in investment management and equity sales. Prior to joining QDOBA's Board of Directors, Jackson served as...
Chipotle to Open Its First Digital-Only Restaurant
Chipotle Mexican Grill announced its first-ever Chipotle digital-only restaurant called the Chipotle Digital Kitchen. Located just outside of the gates to the military academy in Highland Falls, NY, the restaurant will open this Saturday for pick-up and delivery only. The new prototype will allow Chipotle to enter more urban areas that wouldn't support a full-size restaurant and allows for flexibility with future locations.
Digital Kitchen Restaurant Design
The Digital Kitchen concept is focused on accelerating the digital business in non-traditional locations. It is unique because it does not include a dining room or front service line and...
Shake Shack Announces Third Quarter 2020 Financial Results
Shake Shack Inc. reported its financial results for the third quarter ended September 23, 2020, a period that included 13 weeks.
Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Our business during this most recent quarter showed steady recovery, thanks to the hard work and dedication of our team, their agility in adapting new Shack protocols and models and an increasingly strong suite of digital capabilities. As a result, guests have been able to enjoy their Shack the way they want it, with a choice of convenient and safe ordering and...
Boston Market Introduces Holiday Meal Options
Boston Market is aiming to bring families together both near and far with countless affordable holiday meal options for every type of celebration, no matter how different it may look this year. Whether gathering with family in-person around the table or across the country over the internet, Boston Market has you and your loved ones covered this holiday season with complete meal solutions starting at just $10.99 per person.
"With all that has happened this past year, connecting with friends and loved ones over a delicious meal to celebrate the things that matter most has never been more important," said Boston Market President, Randy Miller. "That's why we're serving up decadent, hassle-free meals in a variety of ways that allow families to...
Panera Rolls Into the Pizza Category with Launch of Three New Flatbread Pizzas
Panera announces the launch of Flatbread Pizza – a new menu category from Panera, rolling out nationwide this week. Panera's newly-appointed Head Chef Claes Petersson has fine-tuned three new flatbread creations, featuring extra finely ground flour for delicate yet crisp crust, topped with delicious, hearty ingredients. Expertly crafted from Panera's pantry of clean ingredients, new Panera Flatbread Pizzas are available in Cheese, Margherita and Chipotle Chicken & Bacon, providing real choice and options for pizza night.
"At Panera, baking is at the core of who we are and what we're known for – we knew that we had all the elements to bring our delicious, hearty flatbreads to life," said Petersson, Panera's Chief Food & Innovation Officer. "With the launch of Flatbread Pizza, we are looking to redefine the expectation of pizza and carve out a niche for Panera in the pizza category. Our Flatbread Pizzas encompass...
Chipotle Launches Real Foodprint, Introduces Sustainability Impact Trackers for Digital Orders
Chipotle announced the debut of Real Foodprint, a sustainability impact tracker that compares average values for each of Chipotle's 53 real ingredients to their conventional counterparts against five key metrics:
Chipotle Announces Third Quarter 2020 Results
Chipotle Mexican Grill, Inc. reported financial results for its third quarter ended September 30, 2020.
Third quarter highlights, which incorporate the impact of COVID-19, year over year
Jeannie Cho Joins QDOBA Mexican Eats as Chief Marketing Officer
QDOBA named Jeannie Cho Chief Marketing Officer. In this role, Cho will lead QDOBA's marketing and brand strategy to unlock additional growth for the company.
"I am excited to have Jeannie – a seasoned food-industry marketing executive – as an integral member of the QDOBA team," said Keith Guilbault, CEO of QDOBA. "She brings tremendous ability to elevate our brand position and purpose to achieve top line growth through her strategic and breakthrough thinking. I am confident that Jeannie's analytical and creative approach to marketing will lead to...
QDOBA Introduces New Cholula Hot and Sweet Chicken
QDOBA announced the addition of a new, limited-time menu offering: Cholula Hot & Sweet Chicken. Made every day in its kitchens with grilled in-house chicken tossed in a flavorful blend of Cholula Original Hot Sauce and sweet honey, Cholula Hot & Sweet Chicken adds sweet heat to what is sure to become your favorite QDOBA entrée.
"At QDOBA, our brand goal is to bring flavor to people's lives, and in Cholula, we've found another brand that shares that purpose," said CEO Keith Guilbault. "We strive to bring our guests the best Mexican flavors, with entrees freshly prepared every day, and the launch of Cholula Hot & Sweet Chicken underscores that goal while...
Research and Markets: Consumer Spending in QSRs and Growing Online Food Delivery
According to Research and Markets, the U.S. foodservice market is projected to witness a CAGR of 3.7% during the forecast period, 2020-2025.
Increased digitalization of food service is among the primary factors driving the market, as consumers find it comfortable to book prior and make payments online.
Fast food restaurants focusing on organic produce and healthy food are expected to be the focus of the market in the future. In the United States, the demand for organic food is rapidly rising. However, factors, like...
Panera Bread Hires Lauren Cody as Chief of Staff and Chief Customer Officer
Panera Bread announced the appointment of Lauren Cody as Chief of Staff and Chief Customer Officer. A dynamic leader with global experience, Cody comes to the brand with more than two decades of experience in the food service industry. Cody has extensive expertise in consumer and business insights, general management and strategy creation and execution at companies within the US and globally.
“It’s an exciting time at Panera and we are very pleased to have Lauren join us as Chief of Staff and Chief Customer Officer, reporting directly to me,” said Niren Chaudhary, Panera CEO. “Panera is a brand that puts our guests first, and with Lauren driving strategy at the helm of our Customer Care division, we are excited to continue...
Boston Market Brings Back Fall Menu Items
With autumn well underway, Boston Market is bringing back seasonal items to the menu. Available for a limited time, guest favorites Chicken Marsala, Tuscan Chicken and Roasted Garlic & Herb Chicken return to Boston Market menus alongside Warm Apple Cobbler and all new Cilantro Lime Rice are now available at restaurants nationwide.
"This summer was unlike any other we've experienced in previous years, so we're getting back to what we know, love and appreciate this fall with familiar flavors that we hope can offer some much needed comfort and security", stated Randy Miller, President of Boston Market. "That is why we are so excited to be bring back...
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report
US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners
Urner Barry's Fall 2021 Reporter Issue Released; Read It Online For Free Now
Urner Barry Releases September Soy & Wheat Report
The Executive Conference is Back and Better Than Ever This Year—and There's Still Time to Register!
URNER BARRY INDICES