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Chipotle Announces Third Quarter 2021 Results

Chipotle Mexican Grill, Inc. today reported financial results for its third quarter ended September 30, 2021.

Third quarter highlights, year over year:

- Total revenue increased 21.9% to $2.0 billion
- Comparable restaurant sales increased 15.1%
- Digital sales grew 8.6% and accounted for 42.8% of sales
- Operating margin was 12.3%, an increase from 6.7%
- Restaurant level operating margin was 23.5% 1, an increase of 400 basis points
- Diluted earnings per share was $7.18, a 154.6% increase from $2.82. Excluding a $0.16 after-tax net impact resulting from a tax benefit, which...

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Oct 22 8:29 AM, General News



Cracker Barrel Old Country Store Helps Families Celebrate Together With Care This Holiday Season

This holiday season, care is in the air and Cracker Barrel Old Country Store® is the perfect one-stop-shop to help guests care for their loved ones and make this holiday season special. After more than a year of interrupted and often cancelled family gatherings, Cracker Barrel boasts a variety of seasonal offerings made with care, fully prepared meals, and holiday gift options to help guests celebrate with family and friends both in store and at home. For a limited time...

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Oct 22 8:00 AM, General News


This Week in Retail: Buying Opportunities Increase for Pork

Meat and poultry features are bountiful this week as consumers hunker down for hearty home-cooked meals during chilly autumn evenings. While Halloween is just around the corner, some retailers are already showcasing Thanksgiving promotions.

This week in retail, buying opportunities were lower week-over-week for turkey and seafood features. Towards the tail-end of October National Pork Month, marketing campaigns pushed pork features higher than the previous week. Meanwhile, retail activity for chicken and beef was nearly flat with the week prior. 

Buying opportunities for seafood this week are centered around fresh/frozen fillets—namely tilapia—and raw shrimp. The fresh/frozen fillets complex makes up 33% of ad space and averages $6.89 per pound, 20.1% above a year ago. Tilapia is up 7.8% from this week last year at $5.93 per pound on average. Atlantic salmon boneless filet is also widely featured and averages $8.68 per pound, compared to $7.70 per pound last year. The raw shrimp complex claims 23% of ad space. The regional price spread for 16-20 raw ranges from $6.99 per pound to $8.99 per pound, generally on par with year-ago levels...

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Oct 22 8:00 AM, UB Newswires


‘Tis the Season: Ruth’s Chris Steak House Unveils Holiday Offerings

Ruth’s Chris Steak House, known for its unmatched dining experience and steaks served on 500-degree sizzling plates, today announced its holiday offerings available soon in-restaurant or for pick-up at more than 150 locations nationwide.

Enjoy the Holidays at Ruth’s Table

Ruth’s Chris’ in-restaurant menu for Thanksgiving encompasses the following:

Traditional Thanksgiving Dinner
Single portion inclusive of the below; exclusively available in-restaurant on Nov. 25.
- Starter: Choice of Caesar Salad, Steak House Salad or Lobster Bisque
- Entrée: Sliced Oven Roasted Turkey, Ruth’s Sausage and Herb Stuffing...

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Oct 21 8:00 AM, General News


Quiznos Adds a Flavorful Twist to Traditional Favorite with the New Bison Reuben Sandwich

Quiznos is shaking up its fall menu with its latest innovation, the limited-time only Bison Reuben, bringing a unique twist to a popular sandwich. The Bison Reuben features tender and delicious, premium bison from High Plains Bison and is piled high with sauerkraut, swiss cheese and tangy Thousand Island dressing, all served on toasted rustic rye bread.

Quiznos is proud to partner with High Plains Bison to push the boundaries of fast-casual sandwich options and offer a flavorful, high-quality corned bison, free from...

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Oct 21 8:00 AM, General News


Panera Bread Announces Its Goal to Become Climate Positive By 2050

Today, Panera Bread announces its commitment to become climate positive – removing more carbon from the atmosphere than it emits – by 2050. The first national fast casual restaurant company to set a climate positive target, Panera today updated its Food Beliefs to include climate goals, establishing an ambitious vision for its business. With approximately 25 percent of global greenhouse gases created from food production1, Panera hopes to lead and inspire its industry to address the climate crisis.

“Climate change is one of the greatest humanitarian crises of our time..."

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Oct 20 8:39 AM, General News


IHOP® Launches New Hand-Crafted Melts to All-Day Dine in and To-Go Menus

Today, IHOP® introduces its latest menu innovation of Hand-Crafted Melts, a collection of sandwiches with savory flavors, as part of the restaurant’s ongoing commitment to the prioritization of the P.M. daypart and portable menu options. Guests can choose from a lineup of seven different Hand-Crafted Melts – featuring craveable flavors and quality ingredients such as 100% Black Angus steak and all-natural roasted turkey.

The new Hand-Crafted Melts include a range of ingredients, such as signature sweet and tangy IHOP...

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Oct 19 7:58 AM, General News


Jack in the Box Launches Impossible™ Burger at Phoenix Locations

Jack in the Box Inc., one of the nation's leading QSR chains, has partnered with Impossible Foods to test its plant-based beef patty from October 18, 2021 through December 12, 2021 at participating Phoenix locations. Each restaurant will give guests the option to substitute an Impossible Burger patty for a $1 or $1.50 extra per patty for any Jack in the Box burger on the core menu, including the Bacon Ultimate Cheeseburger, Classic Buttery Jack, Jumbo Jack Cheeseburger and more. The market test makes...

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Oct 19 7:58 AM, General News


Domino's Pizza® Announces Third Quarter 2021 Financial Results

Domino's Pizza, Inc., the largest pizza company in the world, announced results for the third quarter. Global retail sales increased 10.0% in the third quarter, or 8.5% excluding foreign currency impact. U.S. same store sales decreased 1.9% during the quarter versus the year-ago period. The international business posted strong results, with same store sales growth of 8.8% during the quarter. The third quarter marked the 111th consecutive quarter of international same store sales growth. The Company had third quarter global net store growth of 323 stores, comprised of 45 net...

 

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Oct 15 8:00 AM, General News


Wendy's and Google Cloud Partner to Enhance the Wendy's Restaurant Experience

Wendy's® and Google Cloud today announced a partnership to enhance the Wendy's restaurant experience and unlock new customer, restaurant, and employee experiences through data-driven insights.

Wendy's intends to leverage Google Cloud's data analytics, artificial intelligence (AI), machine learning (ML), and hybrid cloud tools to create new ways customers can order food in the drive thru, on their mobile devices and through other touchpoints. By expanding the ways customers can engage with the brand in the future, using technology like speech-to-text and...

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Oct 15 8:00 AM, General News


This Week in Retail: Spread Between Food at Home vs Away from Home Narrows

The latest Consumer Price Index (CPI) for September, released by the Bureau of Labor Statistics (BLS), showed the food index up 0.9 percent last month after gaining 0.4 percent in August. The Food at Home (FAH) index showed a 1.2 percent over the month increase with gains across all six major food group indices. The index for meats, poultry, fish, and eggs demonstrated a 2.2 percent over the month increase. The index for dairy and related products posted the smallest increase at 0.7 percent. 

The BLS defines the CPI as the change in prices paid by consumers for goods and services. Overall, the CPI rose by 0.4 percent in September. Notably, gains in the indices for food and shelter contributed to more than half of the monthly all items increase. Over the last 12 months, the all items index rose 5.4 percent before seasonal adjustment. 

The BLS reports that the index for Food Away From Home (FAFH), which was up 0.4 percent in August, gained 0.5 percent in September. Over the last year, the FAFH index rose 4.7 percent. Increases for limited and full-service meals offset a decline in the index for food at employee sites and schools...

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Oct 15 7:59 AM, UB Newswires


Nathan's Famous Announces Agreement with Branded Virtual Kitchens

Nathan's Famous, Inc., the American tradition serving New York favorites for more than 100 years, announces a new agreement with Branded Virtual Kitchens Canada, Ltd (BVK). The agreement will offer operators with existing kitchens the opportunity to add the Nathan’s Famous menu as a virtual concept without any investment from the restaurant.

"We are thrilled with the response we have seen for Nathan's Famous in Canada since expanding there in 2019,” states James Walker, Senior Vice President, Restaurants. "We are excited to move forward with the collaboration with Branded Virtual Kitchens..."

 

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Oct 13 9:01 AM, Urner Barry


Fuzzy’s Taco Shop Introduces the Chipotle Chicken Fajita Taco to Its Menu for a Limited Time

Fuzzy’s Taco Shop announces the addition of the Chipotle Chicken Fajita Taco to its menu, available for a limited time. The new taco brings a delicious blend of savory flavors, packed with fajita chicken and grilled peppers and onions, topped off with a smoky honey chipotle sauce.

The Chipotle Chicken Fajita Taco features house-marinated fajita chicken with grilled peppers and onions, shredded cheese, pico de gallo, Fuzzy’s signature garlic sauce and a honey chipotle sauce on a warm flour tortilla.

Guests will be...

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Oct 13 8:00 AM, General News


U.S. Fast Casual Restaurant Visits Rebound After Steep Declines in 2020

U.S. fast casual restaurants didn’t fare as well as traditional quick service restaurants early in the pandemic, but their customers are returning, reports The NPD Group. Online and physical visits to fast casual restaurants in the year ending August 2021 were up +8% compared to a year ago, which keeps traffic on par or flat to pre-pandemic visits in August 2019. In the quarter ending June 2020, at the height of pandemic lockdowns and restaurant restrictions, fast casual visits were down -23% compared to the prior year...

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Oct 13 7:57 AM, General News


McDonald’s Accelerating Climate Action to Reach Net Zero Emissions by 2050

Today, McDonald’s Corporation is announcing its commitment to achieve net zero emissions across its global operations by 2050. As part of this initiative, the Company is joining the United Nations Race to Zero campaign and signing on to the Science Based Targets initiative’s (SBTi) Business Ambition for 1.5°C campaign. In pursuit of a 1.5°C future, McDonald’s will increase the emissions reduction levels in its existing 2030 science-based target across all scopes of emissions in line with developing SBTi best practices and will set a...

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Oct 12 7:53 AM, General News


Subway® Continues Eat Fresh Refresh™ with New Fall Menu Updates

Subway® restaurants today announced the latest updates to its menu as part of the brand's Eat Fresh Refresh™, which began in July and continues to elevate the entire guest experience. Joining the Subway menu are craveable new items and reimagined fan favorites that perfectly capture the best parts of fall in every bite.

Headlined by the all-new Baja Steak & Jack sandwich, Subway unveiled new Baja Chipotle and Peppercorn Ranch sauces, more flavorful twists on two of its most popular sandwich add-ons...

 

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Oct 8 7:46 AM, General News


Del Taco Expands Southeast Footprint with First North Carolina Deal

Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant*, has signed a deal with successful North Carolina-based franchise group, Ram Restaurants Inc. (“Ram Restaurants”) to open five units within the Raleigh and Durham areas. The deal, expected to bring Del Taco restaurants to North Carolina for the first time, comes only weeks after Del Taco announced a development agreement for Southern Virginia.

“On the heels of a great run of multi-year same store sales growth and a stated desire to penetrate the Southeastern US..."

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Oct 7 8:07 AM, General News


REPORTER: Quick Bites: What’s New and Interesting in Foodservice

This article was originally featured in the Fall 2021 Edition of Urner Barry's Reporter magazine.

THE VEGAN TREND CONTINUES

Grubhub released their third annual “State of the Plate” report, a mid-year report that analyzes what Grubhub users ordered from the platform between January and June 2021. It should come as no surprise that vegan options continue to be a hot trend for diners. According to the global online food delivery marketplace, so far this year vegan orders have increased by 17%, with plant-based burgers specifically increasing by 28%...

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Oct 6 9:01 AM, Urner Barry


Newk's Debuts 9 All-New Signature Menu Items

Newk's Eatery has launched a revamped menu with a focus on high-quality ingredients and premium proteins such as tenderloin steak and grilled salmon.

Newk's new menu features a new look and delicious new items, including:

Newk's Cheesesteak Sandwich made with medium-rare petite tenderloin steak, Newk's signature pimiento cheese, cheddar cheese, red and yellow bell peppers, caramelized onions and mayo on Parisian bread.
Portabella Veggie Sandwich made with portabella mushrooms, red and yellow bell peppers, Swiss cheese and basil pesto on Parisian bread.
Salmon Caesar Salad, featuring grilled salmon atop a...

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Oct 6 8:53 AM, General News


Burger King® Tests New Impossible™ Nuggets Made From Plants

You come to BK to have it your way – whether that’s the iconic flame-grilled Whopper®, the hand-breaded Ch’King™ sandwich, or one of the exciting new innovations on our menu like the Impossible™ Nuggets Made From Plants. Burger King will be the first global quick-service restaurant brand to test the plant-based nuggets from Impossible Foods that have the savory taste of a family favorite, with a golden-brown crispy breading on the outside and a tender, juicy bite on the inside. In short...

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Oct 6 8:28 AM, General News


On The Border Launches Major Menu Enhancements with New Bold Offerings

On The Border Mexican Grill & Cantina, the world’s largest Mexican casual dining brand, has introduced more than 20 new menu items this past year, including the following that launch today:

- Honey-Chipotle Shrimp Tacos – Crispy-fried shrimp, hand-tossed in honey-chipotle sauce with cilantro, spicy avocado ranch and shredded cabbage.
- Tacos Al Pastor – Braised and seasoned carnitas with pineapple salsa.
- Tacos Al Carbon – Corn tortillas with fajita chicken or steak, served with Jack cheese, pico de gallo, fresh guacamole and roasted red chile-tomatillo salsa.
- Smokehouse Fajitas...

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Oct 5 8:07 AM, General News


Offer Returns to Applebee’s with a Dozen Double Crunch Shrimp for Only $1 with any Steak Entrée

Get a bite of this, Applebee’s fans! Now and through the rest of the month, guests can add some crunch to their meals by adding an order of one dozen Double Crunch Shrimp to any steak entrée for just $1. This delicious deal is available however guests choose to dine – whether its Applebee’s To Go, Delivery or your local neighborhood restaurant, the options are endless!*

Applebee’s Double Crunch Shrimp is battered, fried golden brown and served with cocktail sauce. Order any... 

 

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Oct 5 8:01 AM, General News


Technomic’s Latest TIndex Release Reveals Reasons for Softening of Foodservice Industry Growth

Technomic’s August TIndex, Technomic’s index on the total foodservice industry, showed decelerated growth. The number dropped to 98.1 in August from 101.1 in July, meaning the industry declined 1.9% over a two-year basis but has grown by 28% compared to the same month in 2020.

“There are a few clear reasons for this softening,” explains Joe Pawlak, managing principal at Technomic. “First, of course, is due to increased fears of the delta variant. This deceleration is also seen mostly within the travel and leisure segments..."

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Oct 1 11:10 AM, General News


National Taco Day Means Big Deals on Mini Tacos at 7-Eleven

Calling all taco-lovers! National Taco Day is Monday, Oct. 4, and participating 7-Eleven® stores are celebrating with "grande" deals on their popular mini tacos, because even the smallest things should be celebrated.

The world's largest convenience retailer is offering separate mini taco deals for in-store purchase and delivery orders. No matter if you're throwing a fiesta from home or grabbing delicious mini tacos on the way to wherever Monday takes you, 7-Eleven mini tacos fit every occasion. The one-day deals include...

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Oct 1 8:42 AM, General News


The McRib is Back at McDonald's® USA This Fall

McRib fans to the front of the line; the tangy and tantalizing sandwich you've been waiting for all year is almost back! The legendary McRib will make its triumphant return to McDonald's® USA menus this fall - you can grab the craveable sandwich beginning Nov. 1 for a limited time at participating restaurants nationwide.

The McRib made its debut 40 years ago and quickly became a fan-favorite thanks to the unmistakable flavor of the seasoned boneless pork patty slathered in BBQ sauce and topped with slivered onions and...

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Oct 1 8:31 AM, General News


The Popularity of Golf Throughout the Pandemic is Driving Increases in Foodservice Shipments

As an outdoor sport that enables players to socially distance themselves from one another, golf has proven to be the perfect pandemic sport. Golf equipment dollar sales grew by +37% from January through August 2021 compared to the same period a year ago, reports The NPD Group. Often indicative of new players, year-over-year sales of golf club sets and balls grew by +37% and +27%, respectively. In addition to golf equipment manufacturers, foodservice operators at country clubs and golf courses...

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Sep 30 8:40 AM, General News


Canada’s Foodservice Industry Recovery Overall Is Steady in August, But Has Some Declines

Canada’s commercial foodservice industry remained on a stable course to recovery in August, reports The NPD Group. In August, online and physical visits to restaurants and other foodservice outlets increased by +16% compared to August 2020 and were down -4% compared to the pre-pandemic level in August 2019. Consumer spending increased by +23% in August compared to the same month year ago and is up +1% from August 2019.

While total foodservice traffic and consumer spending continued to improve in August, the...

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Sep 30 8:35 AM, General News


Cécilia Manget Joins The NPD Group as Head of Foodservice Europe

The NPD Group today announced that Cécilia Manget has joined the company as Head of Foodservice Europe. In her new role, Cecilia will oversee the continuing development of the company’s foodservice practice, and the expansion of NPD’s ongoing tracking of the foodservice markets throughout Europe. NPD offers its services in 19 countries worldwide, with operations spanning the Americas, Europe, and Asia Pacific.

Prior to joining NPD, Cécilia spent 18 years at Nielsen, which included 15 years in the global fast-moving consumer goods industry. In her last...

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Sep 29 9:05 AM, General News


Beyond Meat® Announces Latest Expansion In Plant-Based Chicken Platform

Beyond Meat®, a leader in plant-based meat, today announced that following multiple successful launches of its best-in-class plant-based chicken items in foodservice, it is debuting its Beyond Chicken® Tenders (MSRP: $4.99) at select retailers nationwide in response to consumer demand.

In addition to the retail rollout of the delicious plant-based chicken tenders, Beyond Meat is also increasing its retail product distribution of other Beyond Meat products at Walmart stores in which Beyond Meat products are currently sold, making this the...

 

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Sep 29 8:02 AM, General News


Freddy's Frozen Custard & Steakburgers Announces New CMO and VP of Brand Marketing 

Leading fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today that it has named Laura Rueckel as Chief Marketing Officer and Erin Walter as Vice President of Brand Marketing. Bringing decades of marketing and franchise industry experience, these appointments will further fuel Freddy's accelerated growth strategy as part of the brand's ongoing efforts to invest in its executive leadership and franchise development teams. Additionally, Freddy's has also promoted Jill Tinsley, who joined Freddy's in 2019 as Public Relations Manager, to Director of Communications. Under the leadership...

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Sep 28 1:19 PM, General News


What’s New at DQ Restaurants in Texas? Cheesy Steak Fingers Infused with Pepper Jack Cheese

Fans who have experienced steak fingers at DQ® restaurants in Texas know they are crispy, tender and oh so delicious. But now there’s a new twist on the classic steak finger with an unexpected flavor combination. Infused with creamy pepper jack cheese, the new Cheesy Steak Fingers are so good that fans better get them early as they are only available for a limited time.

“The Cheesy Steak Fingers are a must experience item before they disappear,” said Lou Romanus, CEO of the...

 

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Sep 28 1:09 PM, General News


Friendly's Restaurants Introduce New Comfort Classics To Its Menu

With the weather cooling down and kids returning to school, Friendly's Restaurants are bringing families together around the table, by adding hearty comfort food entrees and festive ice cream sundaes to the menu for a limited time.

From September 27th to March 13th, the iconic restaurant chain is serving up flavor-packed Aloha stir-frys and bringing a jazzy taste to the menu with the new Cajun Jazz Pasta. Fan Favorite Vermonter burger is back on the menu too as well as new spooky themed ice cream sundaes...

 

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Sep 27 1:00 PM, General News


PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Dao Foods

Dao Foods is a China-focused impact investment firm whose goal is to ultimately “reduce the consumer demand for industrial animal agriculture” through fueling startups “who are targeting the 400 million millennials in China with new, exciting, and delicious plant-based proteins”. The firm was founded by seasoned investors Tao Zhang and Albert Tseng alongside Beyond Meat investor New Crop Capital and the Good Food Institute.

In October 2020, Dao Foods announced a 3-year plan to invest in 30 Next-Gen Good Food Ventures using...

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Sep 23 8:53 AM, Plant Protein


Sabir Sami Promoted to KFC Division CEO, Effective January 1, 2022

Yum! Brands, Inc. today announced the promotion of Sabir Sami, 54, to KFC Division Chief Executive Officer, reporting to Yum! Brands Chief Executive Officer David Gibbs, effective January 1, 2022. Sami, a 12-year veteran of the Company, who currently serves as KFC Division Chief Operating Officer and Managing Director of KFC Asia, will succeed Tony Lowings, who is stepping down as CEO at the end of 2021 in advance of his retirement in early 2022. In this role, Sami will assume global responsibility for driving the brand strategy...

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Sep 23 8:42 AM, General News


McDonald’s Happy Meal Toys Go More Sustainable

For more than 40 years, kids and families have delighted in Happy Meals for delicious food and great fun. Many of us have fond memories of playtime fueled by a toy found inside that magical box.

Today we’re taking a step to keep the fun going while helping to build a more resilient planet for the next generation.

Starting now, and phased in across the globe by the end of 2025, our ambition is that every toy sold in a Happy Meal will be sustainable, made from more renewable, recycled, or certified materials...

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Sep 23 8:00 AM, General News


Carl's Jr. and Hardee's Continue Hand-Breaded Chicken Innovation with New Hot Honey Chicken Lineup

Today, Carl's Jr. and Hardee's are providing a kick of sweet heat to your day with the debut of their Hot Honey Chicken Sandwiches, including the Hot Honey Hand-Breaded Chicken Sandwich, Hot Honey Hand-Breaded Chicken Biscuit and Hot Honey Hand-Breaded Chicken and Waffle Sandwich.

To celebrate the launch, Carl's Jr. and Hardee's are teaming up with Adult Swim, adding even more flavor to the Hot Honey lineup release. Beginning Sept. 22 - Nov. 7, fans can make any combo an Adult Swim meal...

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Sep 22 1:59 PM, General News


Denny's Seasonal Fall Menu Returns

Just in time for fall, Denny's is launching its new limited-time fall menu today, featuring a selection of new and returning favorites, all packed full of seasonal flavors. Whether guests are looking to enjoy traditional autumn spice flavors, chocolatey goodness or classic breakfast dishes, Denny's has options for everyone.

The Pumpkin Pecan Pancake Breakfast is making its autumnal comeback for a limited time as this fall's Spotlight Stack, featuring pumpkin pancakes made with real pumpkin and cooked with pecans, then drizzled with a pecan pie sauce. The meal is served with fresh eggs...

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Sep 22 12:58 PM, General News


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...

 

 

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Sep 22 9:05 AM, General News


U.S. Restaurant Industry Continues Gradual Recovery in August While Dine-in Visits Remain Low

Despite bad weather and the delta variant spread, consumer online and physical restaurant visits in August continued to recover from last year’s steep declines, reports The NPD Group. U.S. restaurant traffic increased by +5% over the -10% decline in August 2020 and declined by -5% compared to the pre-pandemic level in August 2019. Larger average check sizes drove a +13% increase in dollars compared to a year ago and a +3% gain in dollars over the same month two years ago, according...

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Sep 22 8:00 AM, General News


Subway® Restaurants' Historic Brand Refresh Results in Positive Sales Momentum

Subway® fan brand love is stronger than ever following the launch of Eat Fresh Refresh™, a campaign debuting the biggest menu changes in the brand's history.

Sales momentum has steadily been building since the beginning of 2021, including positive same store sales in Q2 of 2021, versus Q2 of 2019, and the Eat Fresh Refresh launch accelerated this momentum, with August sales the strongest Subway has experienced since 2013.

Overall U.S. restaurants sales in August are up more than 4%, compared to the same period in 2019...

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Sep 21 9:02 AM, General News


Cracker Barrel Reports Fourth Quarter And Full Year Fiscal 2021 Results And Quarterly Dividend

Cracker Barrel Old Country Store, Inc. today reported its financial results for the fourth quarter of fiscal 2021 ended July 30, 2021.

Fourth Quarter Fiscal 2021 Highlights

- Total revenue in the fourth quarter of $784.4 million was approximately flat compared to the fourth quarter of fiscal 2019 total revenue of $787.1 million.
- Compared to the fourth quarter of fiscal 2019, comparable store restaurant sales decreased 6.8% and comparable store retail sales increased 18.2%.
       - Comparable store off-premise restaurant sales grew 108.6% compared to the...

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Sep 21 8:46 AM, General News


Chipotle Launches Smoked Brisket In The United States And Canada

Chipotle Mexican Grill today announced Smoked Brisket will be available at U.S. and Canada restaurants for a limited time. Made with Responsibly Raised® beef, the new protein is smoked to perfect tenderness, charred on the grill, and seasoned with Mexican spices, including fire-roasted jalapenos and chipotle chili peppers. The protein is hand-chopped and finished with a new Brisket sauce made with smoky chili peppers.

Brisket: The Chipotle Way
Brisket has been consistently among the top requested menu items by Chipotle guests. Over the past two years, Chipotle's...

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Sep 21 8:30 AM, General News


US Foods Fall Scoop Designed to Help Operators Appeal to Gen Z and Millennial Diners

US Foods Holding Corp. announced the launch of Fall Scoop, the company’s 10th annual edition of Scoop. Themed, “Next-Gen Ideas for Next-Gen Diners,” Fall Scoop features 23 products that cater to the next generation of diners, Gen Z and Millennials. More than half of the nation’s total population are now members of the millennial generation or younger, making them the largest age group of diners who can drive important revenue opportunities for operators. This generation of diners is different than their predecessors – they want familiar menu items with a twist, sustainable and meatless items, and social media-worthy presentations. Fall Scoop products deliver on these demands to entice, attract, and delight this younger generation of dining enthusiasts and help operators “Make It.”

“We’re bringing fresh ideas to our operators that provide the labor savings and versatility they need today with the innovation they’ll need moving forward as they cater to the next generation of diners,” said Stacey Kinkaid, vice president, product development and innovation, US Foods. “To support our Fall Scoop theme...

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Sep 20 9:35 AM, General News


Andrew Truett Cathy Named Third Chief Executive Officer of Chick-fil-A, Inc.

Today, Sept. 16, 2021, Chick-fil-A, Inc. announced that Andrew Truett Cathy will assume the role of Chief Executive Officer on Nov. 1, 2021. Andrew, 43, will succeed his father Dan T. Cathy, 68, who has served as CEO since 2013. Following the CEO transition, Dan will remain Chairman of the Board, and Tim Tassopoulos will continue as President and Chief Operating Officer. Andrew has been Executive Vice President of Operations since 2019.

“The most successful CEO transitions are made when the next leader is..."

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Sep 17 9:44 AM, General News


Nathan's Famous Launches New Bacon Cheddar Cheesy Burger in Celebration of National Cheeseburger Day

Nathan's Famous, Inc., the American tradition serving New York favorites for more than 100 years, announces the launch of its newest menu item, the Bacon Cheddar Cheesy Burger, just in time for National Cheeseburger Day on September 18. The burger features fresh Angus beef, Applewood smoked bacon, and Nathan’s hot, real cheddar cheese sauce.

"We continue to expand our menu based on our customers’ feedback and preferences, and this burger is no exception," states James Walker, Senior Vice President, Restaurants...

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Sep 17 8:44 AM, General News


Subway® Accelerates Delivery Growth, Teams Up With NASCAR Driver Kevin Harvick

Subway® restaurants with Stewart-Haas Racing and driver Kevin Harvick today unveiled a new paint scheme as part of its return to the NASCAR Cup Series. The refresh to the No. 4 car highlights Subway Delivery and will be featured in three races this season, starting Saturday night at Bristol (Tenn.) Motor Speedway.

Now available nationwide, Subway Delivery powered by DoorDash allows guests to order their Subway favorites via the Subway app or on Subway.com. Guests can now earn and redeem Subway MyWay® Rewards points on...

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Sep 14 9:33 AM, General News


Del Taco Signs New 10-Unit Franchise Development Agreement in Virginia Beach

Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant*, has signed a deal with successful franchisees Bharat Patel and Steve Kissel of Virginia Taco, LLC (“Virginia Taco”) to open 10 units in the state of Virginia – a new state on the Del Taco roster. The deal will give the franchise group rights to open in Virginia Beach, Chesapeake, Portsmouth, Norfolk, Hampton, and Newport News and helps pave the way for additional growth in Southern Virginia and throughout the Carolinas.

“Since inception in 2000, we’ve been able to rapidly expand our portfolio to include household names such as Subway, Tropical Smoothie, Mahi’s and more and are thrilled to add Del Taco to that list,” said Bharat Patel, CEO of Virginia Taco. “Del Taco is an influential brand,

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Sep 14 8:53 AM, General News


Wingstop Announces Expanded Role for President of International Nicolas Boudet

Wingstop, the leading technology-focused restaurant brand with more than 1,600 locations worldwide, announced an expanded role for Nicolas Boudet to SVP of Global Development in addition to his current role, President of International.

"Since joining in 2018, Nicolas has made a profound impact on Wingstop's international footprint, pioneering the UK market and laying incredible groundwork for global growth," said Chairman and CEO Charlie Morrison. "Nicolas' strong background in development at leading brands will help catapult Wingstop to achieve our stated vision of becoming a Top 10 Global Restaurant Brand..."

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Sep 13 9:30 AM, General News


Einstein Bros. Bagels Brings Queso To The Breakfast Table With New Bacon & Queso Egg Sandwich

If you need an excuse to eat delicious, ooey-gooey, spicy-melty cheese in the morning, this is it. Einstein Bros.® Bagels continues to innovate the most important meal of the day with queso for breakfast! The Bacon & Queso Egg Sandwich will be available starting Sept. 16, ahead of National Queso Day on Sept. 20.

The Bacon & Queso Egg Sandwich features Einstein Bros. Bagels signature queso, updating a classic queso recipe to include double-whipped Jalapeno Salsa Shmear and spicy green chiles...

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Sep 13 8:29 AM, General News


Cheese The Day! Hamburger Stand Celebrates National Cheeseburger Day With Special Deal

Not to be cheesy, but great things come in pairs. That's why Hamburger Stand, known for its deliciously juicy burgers, is celebrating National Cheeseburger Day with a special Buy One Get One deal. Visit your nearest location on September 18th, order a Cheeseburger and get one FREE with this coupon! The chain's tasty Cheeseburger is made with 100% beef patty, topped with American cheese, mustard, ketchup, pickle and minced onions.

"There are two things Hamburger Stand excels in: 1.) Making delectable food and 2.) celebrating," said Doug Koegeboehn...

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Sep 10 2:30 PM, General News


Wingstop Adds Thighs to Its Menu

Wingstop, the leading technology-focused restaurant brand with more than 1,600 locations worldwide, gained virality this summer with the announcement of its virtual brand, Thighstop. Starting today, thighs are officially joining the Wingstop menu, which means flavor fans can now enjoy delicious, crispy bone-in thighs and boneless Thigh Bites alongside Wingstop's famous wings, tenders, sides and dips.

"When launching Thighstop as a virtual brand, we knew our fans would be excited to try thighs," said Wingstop's Chief Growth Officer Marisa Carona. "The response was overwhelming, and...

 

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Sep 9 8:28 AM, General News


Aramark Announces Food and Beverage Innovations as 2021 NFL Season Kicks Off

As fans return to stadiums across the country for the 2021 National Football League (NFL) season, Aramark, the award-winning food and beverage partner of 10 NFL teams, is introducing a variety of innovative service offerings, state-of-the-art ordering methods, and signature food and beverage items to enhance the game day experience.

“Aramark remains at the forefront of stadium innovation, and we’re thrilled to once again showcase our commitment to service and hospitality through an expansive roll-out of technology innovations that we have piloted..."

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Sep 8 9:08 AM, General News


OpsAnalitica and FreshFry Launch Partnership to Help Restaurants Define and Track Sustainability

OpsAnalitica, the restaurant ops and food safety compliance analytics platform, and FreshFry, the sustainable food tech company providing restaurants with all-natural, plant-based, easy to use frying oil filtering solutions, are thrilled to announce their partnership in an effort to help restaurants define and track sustainability.

The food industry spends over $80B per year on edible oil and together, the OpsAnalitica and FreshFry partnership provide restaurants with money-saving solutions for oil mismanagement. The partnership is an integration of FreshFry's compliance checklist into the OpsAnalitica platform...

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Sep 8 8:59 AM, General News


Yum! Brands Completes Acquisition of Dragontail Systems

Yum! Brands, Inc. announced today the completion of its acquisition of Dragontail Systems Limited (Dragontail), an innovative provider of technology solutions for the food industry, following the successful implementation of the previously announced share scheme of arrangement in accordance with Australian corporations law.

Yum! Brands acquired all of the issued and outstanding common shares of Dragontail for A$0.235 per share in cash or a total of approximately A$93.5 million. With today’s announcement, following the approval by the Australian Federal Court and by Dragontail shareholders and certain other...

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Sep 7 9:30 AM, General News


Del Taco Group Expands Florida Development Agreement After Successful First Opening

Del Taco Restaurants, Inc., the nation’s second largest Mexican quick service restaurant, announced its newest multi-unit deal that will add 10 new locations to the state of Florida in partnership with franchisees Aman Singh, Ajay Singh, Navdeep Bassi and Shubegh Bassi. The expansion deal comes just a few months after the franchisee family opened their first location in Melbourne, FL in May 2021 – the first of an existing three-unit commitment that was made in 2019. By adding 10 new restaurants to their deal, the franchisee family gains...

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Sep 7 9:24 AM, General News


Former Popeyes Executives Sign Agreement to Acquire Seven Bojangles Restaurants and Add 11 More

Bojangles, one of the nation’s leading restaurant franchises famous for its chicken and biscuits, announced today the signing of a franchisee agreement with newly formed franchise group Cedartown Chicken, LLC (“Cedartown”), led by restaurant development industry veteran Greg Vojnovic and a team of former Popeye’s executives. Under the agreement, Cedartown has acquired seven existing Bojangles locations in western Georgia from Robinson Holdings, a former franchisee. In addition to the acquisition of the restaurants, Cedartown has signed an agreement with Bojangles to develop 11 new restaurants in...

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Sep 3 8:41 AM, General News


Former Red Robin CEO Denny Marie Post Joins Nextbite as Advisor

Nextbite, a leader in virtual restaurants, today announced that Denny Marie Post, a 35-year restaurant industry expert and former CEO of Red Robin, has joined the fast-growing company as Advisor. Post will guide Nextbite’s success through disciplined idea pipelines and strategies based on consumer demand to drive sales and increase brand recognition. As the company continues to expand, it will tap Post’s deep expertise in identifying solutions and creating successful brands for enterprise restaurants.

As Nextbite continues its strong growth trajectory, Post will advise on strategies to...

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Sep 2 8:44 AM, General News


Church's Chicken Introduces Everyday Family Value Meals

At Church's Chicken, value is at the center of the entire dining experience. One of the ways Church's is continuing to redefine value is through the Feed Six Meal, which allows customers to choose from a 10-piece Mixed Chicken or 12-piece Legs & Thighs or 15-piece Texas Tenders™ and three Large Classic Sides or two Large Classic sides and six scratch made Honey-Butter Biscuits™, all starting at $20. For a limited time, guests can also opt for four Church's Chicken Sandwiches with a choice of...

 

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Sep 2 8:43 AM, General News


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 Rewards
Today, Chipotle is officially rolling out Extras, an exclusive feature for Chipotle Rewards members that unlocks access to extra points, helping...

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Sep 2 8:41 AM, General News


White Castle's 'Crave Clutch™' Comes in Clutch for Smaller Gatherings with Friends and Family

A year after its launch, White Castle's Crave Clutch has proven to be a popular addition to the brand's lineup of iconic packaging. Customers have embraced the colorful carryout box, which holds 20 Sliders, because it's an ideal size for family meals and smaller friend gatherings that have been so common during the COVID-19 pandemic.

In honor of the one-year anniversary of the launch of the Crave Clutch, White Castle is giving customers $4 off of White Castle's Share-A-Meal #9...

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Sep 1 1:22 PM, General News


IHOP Bolsters Executive Leadership Team With Two New Hires

IHOP® restaurants announced new additions to its executive team, hiring Jacob Barden as Vice President of Development, and Michael Kaufman as Vice President of Strategy and Business Analytics, effective August 2021. Both Barden and Kaufman will report directly to Jay Johns, President.

“Both Jacob and Michael have proven track records of success and a wealth of category knowledge, and we’re thrilled to welcome them both to the team,” said Johns. “With new innovative endeavors, a strong development strategy and the expansion of our menu beyond breakfast, we are bringing..."

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Sep 1 8:56 AM, General News


Wendy's Introduces First-of-Its-Kind Big Bacon Cheddar Cheeseburger

Wendy's® just launched the new Big Bacon Cheddar Cheeseburger. The third addition to the Made to Crave lineup this year, this sandwich flips the notion of a traditional bacon cheeseburger on its bun.

"...We had a desire to dial-up what we do best and create a flavorful, pub-fare style sandwich featuring more bacon, more cheddar and more innovation," said John Li, Vice President of Culinary Innovation at The Wendy's Company. "The result is an unexpected, melt-in-your-mouth sandwich with huge craft flavors..."

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Aug 31 1:01 PM, General News


Wingstop Promotes Michael Skipworth and Alex Kaleida

Wingstop, the leading digitally-savvy, tech-focused restaurant brand with more than 1,600 locations worldwide, today announced the promotion of Michael Skipworth to President and Chief Operating Officer, and Alex Kaleida to Chief Financial Officer. Michael succeeds Mahesh Sadarangani, the Company's COO who has resigned after being recruited to become CEO of a private equity-backed company.

"I'm thrilled to provide amazing growth opportunities within our organization for both Michael and Alex," said Chairman and CEO Charlie Morrison. "People are the foundation of our business, and I truly believe we have some of..." 

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Aug 31 9:09 AM, General News


Bojangles To Close For Two Upcoming Mondays To Give Staff a Break

Following a long, challenging year and a half for the restaurant industry, Bojangles is investing in its most important asset by closing all company-owned stores on Monday, Aug. 30, and Monday, Sept. 13, to give around 8,000 crew members and managers a well-deserved break.

Affected stores will close at their regular times the Sunday prior and reopen at their regular times the following Tuesday. For a full list of which stores will be closed on Aug. 30 and Sept. 13, go here.

“We appreciate everything our..."

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Aug 31 8:30 AM, Foodmarket


Starbucks Promotes Leo Tsoi to CEO of Starbucks China

Starbucks Coffee Company announced the promotion of Leo Tsoi to chief executive officer of Starbucks China. Serving as Starbucks China’s chief operating officer and president of Starbucks Retail for the last five years, Tsoi has led efforts to grow Starbucks footprint across the Chinese mainland to 5,200 stores across more than 200 cities today. He has engineered the development of a robust and diversified store portfolio by pioneering new store concepts, which have influenced new coffee-inspired lifestyles and further elevated third place experiences for Starbucks customers in China.

As one of the leading architects behind Starbucks China’s phenomenal growth since he rejoined the company in 2012, Tsoi previously served in various leadership positions, including...

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Aug 30 8:33 AM, General News


Foodservice Industry 1.1% Larger in July 2021 than July 2019

Technomic’s TIndex, the index on total foodservice industry reported monthly, was down slightly in July from June. However, this number still represents strong industry results versus 2019. The foodservice industry was 1.1% larger in July 2021 compared to 2019 and 31% larger compared to 2020.

“Softening in some noncommercial segments is the reason for the drop in the TIndex, but restaurant sales remain strong,” explains Joe Pawlak, managing principal at Technomic. “As of the end of July, there has been...

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Aug 30 8:33 AM, General News


PLANT PROTEIN: Get to Know Players in the Plant Protein Market: Barvecue 

‘Plant-based’ and ‘barbecue’ may not go hand in hand yet, but a bold and tight-knit team of innovators are making changes in the barbecue belt. "In September, we will open the world's largest plant-based smokehouse, Barvecue's Carolina Smokehouse," says Lee Cooper, founder, and CEO of Barvecue. Since its inception in 2017, Barvecue has been a family affair, nestled in the lush greenery of North Carolina developing plant-based barbeque meats. The mission? “To create the best tasting plant-based barbecue on the market while building a company that cares about people, animals, and the planet," says Cooper.

Barvecue offers chopped and pulled plant-based barbecue meat, lovingly smoked using a fragrant blend of local woods. The chopped Barvecue variety is gluten free while the pulled is not, and both varieties are...

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Aug 27 8:40 AM, Plant Protein


ANALYSIS: USDA Weekly Eggs Processed Numbers Climb, Driven by Manufacturing Needs

Shell Eggs Processed Under Federal Inspection came in at 1,554,781 cases for the week ending August 21st, according to data released yesterday afternoon by the USDA—an increase of...

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Aug 27 8:40 AM, Urner Barry


ANALYSIS: Pondering the Potential of Chicken Wings and Boneless Breasts

Chicken market participants and football fans alike are on the edge of their seats as we inch closer towards the first kickoff of the year...

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Aug 27 8:40 AM, Urner Barry


Dine Brands Global Appoints Martha C. Poulter as Member of Board of Directors

The Board of Directors of Dine Brands Global, Inc. announced the appointment of Martha C. Poulter as a new independent member of its Board of Directors.

Poulter, 54, serves as Senior Vice President and Chief Information Officer, Royal Caribbean Group, a role she has held since 2018.

Prior to Royal Caribbean Group, Poulter served as Executive Vice President and Chief Information Officer at Starwood Hotels and Resorts Worldwide, Inc., where she was the lead architect of...

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Aug 27 8:39 AM, General News


Taco Bell Debuts the Crispy Chicken Sandwich Taco Nationwide

Beginning Sept. 2, Taco Bell's long-awaited Crispy Chicken Sandwich Taco will be available nationwide at participating locations for a limited time. After locally testing earlier this year in Nashville, TN and Charlotte, NC to much success, the test kitchen masterminds knew it was time to go nationwide. Fans can also get their cravings met with early access on Aug. 30 during Happier Hour via the Taco Bell app.

Fluffy like a sandwich, but folded like a taco, the Crispy Chicken Sandwich Taco is the latest from the masterminds in menu item mashups. Taco Bell is no stranger to the world of crispy chicken after introducing fan-favorites like...

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Aug 27 8:38 AM, General News


Yum! Brands Appoints Pizza Hut Division CEO to Drive Global Brand Strategies and Growth

Yum! Brands, Inc. announced that Aaron Powell, 50, former President of Kimberly-Clark Corporation’s Asia-Pacific Consumer Business, will join the Company as global Pizza Hut Division Chief Executive Officer, reporting to Yum! Chief Executive Officer David Gibbs, effective September 20. In this role, Powell will assume global responsibility for driving Pizza Hut Division’s growth strategies, franchise operations and performance. Today’s announcement concludes Yum! Brands’ search for Pizza Hut Division’s top leadership post.

“We couldn’t be happier to welcome Aaron to the Yum! Brands and Pizza Hut family and believe this global brand division leadership structure will enable the Pizza Hut U.S. and international teams to further implement best practices worldwide and continue...

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Aug 27 8:38 AM, General News


Lightlife and Pizza Pizza Partner to Add Plant-Based Chicken to the Menu

Greenleaf Foods, SPC, owner of leading plant-based brands Lightlife and Field Roast announced a partnership with Canadian pizza chain and quick-serve restaurant leader, Pizza Pizza. Available now, Pizza Pizza is expanding its plant-based menu offerings by adding plant-based chicken items for the first time, including a Lightlife Plant-Based Chick’n Sandwich and Plant-Based Chick’n Bites.

“Lightlife is excited to partner with Pizza Pizza to offer consumers something they can enjoy without compromise: a delicious and satisfying breaded plant-based chicken made with simple ingredients they can feel good about,” said Dan Curtin, President of Greenleaf Foods, SPC.

For over 50 years, Pizza Pizza has been serving Canadians using...

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Aug 26 8:27 AM, General News


Beef Quarterly Q3 2021: Déjà Vu Argentina

In May this year, the Argentine government imposed a 30-day suspension on beef exports. After those 30 days, new limitations were placed on the volume and type of beef that could be exported. In our feature article, we look at what impact this will have on the Argentine beef industry and the global market.

Covid-19

Global confirmed case numbers began rising again in mid-June, after falling from a peak in late April. Numbers in Europe, the Eastern Mediterranean region, Africa, and the Western Pacific region have seen large rises. Food retail figures remain strong, and foodservice sales were still...

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Aug 26 8:26 AM, General News


McDonald's Announces Leadership Changes 

Our most valuable asset at McDonald’s is our people. We take great pride in our ability to use our scale and global presence to create life-long career opportunities that serve to strengthen our McFamily. From promoting top talent from within to recruiting experienced new leaders, our focus will remain on building out the best talent pipeline in the business, so that we can continue Accelerating the Arches in an increasingly competitive market environment.

Equally important is pushing our Brand forward while we keep the customer at the center of everything we do. This facilitated the creation of Manu’s new team but has also encouraged us to...

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Aug 26 8:26 AM, General News


Innovative Food Holdings Reports Financial Results for Second Quarter and First Half of 2021

Innovative Food Holdings, Inc. (“IVFH” or the “Company”), a leading direct-to-consumer e-commerce platform with complete multi-channel, specialty food and grocery capabilities for both consumers and professional chefs, today reported its financial results for the second quarter and first half of 2021.

“We are thrilled by the return to year-over-year growth within our specialty foodservice operations, which helped produce record second-quarter revenues and a 17% increase over the prior year period. Our foodservice business increased 148% despite continued uncertainty...

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Aug 25 8:24 AM, General News


Carl's Jr. Enters Master Franchise Agreement in The Russian Federation to Activate Growth

CKE Restaurants Holdings, Inc. ("CKE") announced a master franchise agreement with Nevada Russia Franchising Company LLC ("NRFC") to further expand Carl's Jr.'s presence in the Russian Federation. The partnership marks an extension of CKE Restaurants' international growth plans following the opening of its 1,000th international restaurant earlier this year in Spain. The two groups are aiming to develop 300+ restaurants throughout Russia during the initial term of the agreement.

CKE is partnering with NRFC, a group that has extensive restaurant industry experience throughout Russia...

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Aug 25 8:23 AM, General News


Technomic Study Uncovers Labor Crisis for Foodservice Industry May Not be Temporary

Technomic recently released the Crisis on the Front Lines Multi Client Study uncovering drivers and deterrents to unit-level employment in the commercial restaurant industry among job seekers and current employees. The strategic study also uncovers strategies and tactics for operators as they navigate staffing locations and positioning their brand as employers of choice.

“Foodservice operators are facing new challenges in connecting with job-seekers while also keeping up with...

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Aug 24 8:59 AM, General News


Tom Curtis Appointed President of Burger King U.S. & Canada

José Cil, CEO of Restaurant Brands International, today announced that industry veteran Tom Curtis has been appointed President of Burger King U.S. & Canada.

“Tom joined us a few months ago and has quickly established a strong leadership position in the business and trust with our franchisees, informed by his 35 years of previous restaurant experience as both a franchisee and senior operations executive,” said José Cil. “Tom will lead the acceleration of our business to deliver on our vision that Burger King should always be our guests’ first choice for a..."

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Aug 24 8:47 AM, General News


Taco Bell Teams Up with Lil Nas X and Appoints Him Chief Impact Officer

Back in 2017, Lil Nas X laid down roots working at an Atlanta-area Taco Bell as a team member. Less than five years later, he has ascended to stardom by defying conventions, charting his own course and remaining authentically true to himself - all things that Taco Bell stands for in its own way. Over the next several months, Taco Bell will "Live Nas," as Lil Nas lives Más.

As a cultural icon with an insider's perspective on the Taco Bell team member experience...

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Aug 24 8:38 AM, General News


Subway Takes Over Popular Ads to Promote Eat Fresh Refresh Menu Changes

Subway restaurants announced the next phase of creative for the Eat Fresh Refresh ad campaign with a series of unexpected takeovers of national and local commercials.

Following the historic Eat Fresh Refresh launch in July, Subway has so much new to share that there isn't enough time to share the menu updates in their ads. As a result, Subway purchased space from several popular local and national advertisers. These partners help Subway cover all the new and exciting changes in its...

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Aug 24 8:37 AM, General News


Checkers & Rally's Continues Nationwide Growth with California Expansion

Checkers Drive-In Restaurants, Inc., the parent company of Checkers & Rally's iconic drive-thru restaurants, today announced it is accelerating growth on the West Coast with a call for interested franchisee operators for the San Diego market. This announcement follows a recently announced 15 store development agreement in Orange County. The company has available growth opportunities through additional franchise agreements in Texas, Arizona and California markets in addition to San Diego.

With a focus on nationwide growth, Checkers & Rally's continues to bolster its multi-unit franchise system, offering...

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Aug 24 8:36 AM, General News


Sysco Announces Changes to the Board of Directors

Sysco Corporation, the leading global foodservice distribution company, today announced that Nelson Peltz, chief executive officer and a founding partner, and Joshua D. Frank, partner and co-head of research, of Trian Fund Management, L.P. (“Trian”), have informed the Company that they are stepping down from the Board. Peltz and Frank indicated that the decision to step down was driven by their confidence in Sysco’s leadership, business transformation and continued operating momentum. Peltz and Frank have served on the Board since August 2015 and have made significant contributions to the Company’s business...

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Aug 23 10:02 AM, General News


ANALYSIS: Depleted Inventories Contribute to Boneless Breast Rally

Although the chicken market environment has been anything but consistent lately, that’s not to say that there aren’t some familiar tenets still shining through...

Full Story »
Aug 20 8:21 AM, Urner Barry


Grubhub and Yandex SDG Launch Robot Delivery Technology at The Ohio State University

Grubhub, a leading online and mobile food-ordering and delivery platform on college campuses, and Yandex Self-Driving Group (SDG), a leading autonomous vehicles developer inside Yandex, one of Europe's largest internet companies, will roll out delivery via Yandex's robots at its first college campus — The Ohio State University (OSU).

More than 60,000 hungry Buckeyes will be able to order their favorite foods from on-campus dining locations via the Grubhub app and have them delivered by one of 50 Yandex robots operating at the...

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Aug 20 8:20 AM, General News


Red Robin Gourmet Burgers, Inc. Reports Results for the Fiscal Second Quarter Ended July 11, 2021

Red Robin Gourmet Burgers, Inc. reported financial results for the quarter ended July 11, 2021.

Key Highlights

- Restaurant revenue of $272.2 million and Restaurant Level Operating Profit as a percentage of restaurant revenue (a non-GAAP metric) of 15.7%;
- Second quarter 2021 comparable restaurant revenue increased 66.3% over the same period in 2020, and decreased 2.4% compared to the same period in 2019;
- Average weekly sales per fiscal period grew by a total of $2,503 during the second quarter of 2021;
- Off-premises sales comprised 32.8%, 63.8% and...

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Aug 19 10:28 AM, General News


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 Real
Over 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...

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Aug 19 10:17 AM, General News


Jennie-O Launches New Turkey Barbacoa Innovation for Foodservice

Jennie-O Turkey Store announced the company's newest, recipe ready turkey innovation that is geared toward foodservice operators – a fully cooked turkey barbacoa seasoned and marinated with paprika, garlic and guajillo chili pepper spices. This lean turkey protein is on trend with consumers who are seeking more flavorful, nutritious menu options.

"Our new turkey barbacoa is an exciting product that foodservice operators can just heat and shred," said Katie Lynch, associate brand manager for Jennie-O Foodservice. "We were intentional about the use of guajillo chili pepper for seasoning..."

Full Story »
Aug 19 8:29 AM, General News


Jack in the Box Awards 16 Franchise Development Agreements To Open 64 New Restaurants

Jack in the Box announced it has awarded 16 franchise development agreements year-to-date through the end of Q3 of Fiscal Year 2021 to build 64 new locations in Arizona, California, Idaho, Texas and Utah. The announcement follows the relaunch of Jack in the Box's franchise development program earlier this year encouraging existing and new franchisees to grow with the brand.

"Relaunching the franchise opportunity has been exciting and was one of our main priorities going into 2021. Over the last year and a half, we've proven to be pandemic-resistant and...

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Aug 19 8:29 AM, General News


Dining Services Welcomes Students Back to Campus 

As many college campuses look to reopen in full this fall for the first time since the pandemic began, Aramark joins in the celebration of our students’ resiliency. Upon campus return, students will find that campus dining has evolved over the past two years, offering healthier choices, continued commitment to sustainability, transparency in food sourcing, and an increased presence of local foods.

“The excitement of back-to-school is a little more intense this year,” said Jack Donovan, CEO and President of Aramark Higher Education. “Our goal is to exceed the expectations of our community by offering...

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Aug 19 8:28 AM, General News







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