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McDonald’s Names Ian Borden as President, International

McDonald's Corporation today announced that Ian Borden, most recently President, International Developmental Licensed (IDL) Markets, has been appointed to President, International, effective immediately. Borden will continue reporting to Chris Kempczinski, McDonald’s President and Chief Executive Officer. This announcement follows the appointment of Joe Erlinger to President, McDonald's USA.

In his new role, Borden will assume oversight for all international markets, including International Operated Markets (IOM) which include all wholly-owned markets outside of the U.S., in addition to the more than 80 markets in the IDL segment that he oversees in his current role.

“Ian has a proven record of focusing on the customer to deliver profitable business growth while strengthening collaboration with our global franchisee community,” said Chris Kempczinski, McDonald’s President and Chief Executive Officer. “His deep experiences leading...

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Dec 10 11:40 AM, General News



Elevation Burger Debuts Impossible Burger and Dairy-Free Daiya Cheddar Style Slices Nationwide

FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Elevation Burger, known for serving 100% organic, grass-fed, free-range beef burgers and fresh fries cooked in heart-healthy olive oil, is pleased to announce all domestic locations across America will now carry the plant-based Impossible™ Burger as well as dairy-free Daiya Cheddar Style Slices.

Elevation Burger’s nationwide launch of the Impossible Burger and dairy-free Daiya Cheddar Style Slices demonstrates the brand's commitment to serving customers of all dietary preferences. The Impossible™ Burger handles, cooks and tastes like ground beef — but is made entirely from plants — while each Daiya Cheddar Style Slice delivers the same incredible melt and slight sharpness as dairy-based cheese that pairs perfectly with...

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Dec 9 9:52 AM, General News


Burger King Announces Plan to Develop More Than 100 New Restaurants in Canada 

Burger King is announcing plans to open more than 100 restaurants in Ontario and Manitoba over the next five years. To drive growth in the underpenetrated burger market of Canada, Burger King Canada has inked a new five-year expansion deal with long-time partner, Redberry Restaurants ("Redberry"), to grow the number of Burger King restaurants in Canada by 25% so even more guests can enjoy the iconic flame-grilled Whopper sandwich, chicken fries and other Burger King favourites.

"For far too long, Canadian burger lovers have not had enough flame grilled options to choose from," said Matt Wright, General Manager, Burger King Canada. "Premium ingredients and signature recipes have defined Burger King for 50 successful years in Canada. We're excited that even more Canadians will be introduced to...

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Dec 5 10:04 AM, General News


Grubhub Launches Annual "Year In Food" Report Highlighting the Top Trends in 2019

Grubhub, the nation's leading online and mobile food-ordering and delivery marketplace, today released findings from its annual "Year in Food" report. To find out what food trends shaped the year (or didn't), Grubhub analyzed tens of millions of orders placed by more than 21 million diners on its platform to uncover the flavors and tastes rising up the ranks among today's diners. Additionally, diners will receive their personalized "Taste of 2019" to get a glimpse of their favorite cuisines, menu items, and ordering habits throughout the year.

Key takeaways from the 2019 "Year in Food" report includes...

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Dec 5 8:18 AM, UB Newswires


Postmates And TGI Fridays Announce On-Demand Delivery Partnership

Postmates, the leader in delivering nearly anything on-demand, and TGI Fridays™ announced a partnership to deliver the world-famous restaurant brand's menu on-demand. Now, Postmates customers can enjoy the iconic taste of their favorite TGI Fridays dishes, like potato skins, whisky glaze, sizzling skillets, and more - brought right to their doorsteps, every day and night.

"Third-party delivery is one more way we're bringing the TGI Fridays experience to People of All Stripes," explained the brand's CEO, Ray Blanchette. "Now, everyone can enjoy the tastes that have always made Fridays famous, brought right to their doorsteps. We are pleased to be working with Postmates on this new offering. Their large national presence and reputation for reliable service made them an ideal partner for serving as many TGI Fridays fans as possible with on-demand delivery."

"TGI Fridays was formed to bring people together over the things that everyone can enjoy – like classic food favorites and innovative new culinary creations. We are proud to bring that experience...

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Dec 5 8:17 AM, General News


Restaurant Gift Card Use Trends Up

Gift card season is officially upon us. And though the majority of Winter holiday shoppers are focused on gift cards for top retailers, it’s important not to overlook the growing use of gift cards to popular restaurants and coffeehouses.

In the recent report Eating Trends: Restaurant Use, Packaged Facts states that between 2011 and 2019, the share of adults who buy gift cards overall has declined by five percentage points, to 39%. However, purchase of gift cards specifically for restaurants or coffeehouses is up by three percentage points, to 20%. Usage has steadily increased each year since 2011. As a result, growth in use of restaurant gift cards, much like growth in the use of restaurant coupons, is...

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Dec 4 9:31 AM, General News


Taco Del Mar Takes Beyond Meat Taco Chain-wide

Following a successful test earlier this year, Taco Del Mar has announced that it is rolling out its new Beyond Meat Taco across all locations starting December 3, 2019. The fast-casual restaurant chain is excited to introduce a delicious, new plant-based protein to its current vegetarian and vegan menu as a limited time offering with the possibility of extending product availability into the future.

Taco Del Mar guests can enjoy the new Beyond Meat Taco, which features plant-based Beyond Beef Feisty Crumbles sautéed with medium chipotle salsa, diced onions and minced serrano peppers, topped with...

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Dec 3 8:24 AM, General News


OpenTable Reveals Dining Trends for 2019

Before closing the menu on 2019, OpenTable released a retrospective look back at this year's most popular dining trends. From trending reviews to dining behavior across the country, this year's diners are looking to have their cake and eat it too.

"We hit a major milestone this year - 10 billion diners seated, using our software. To put that in perspective, that's more than the world's population," said Andrea Johnston, COO at OpenTable. "This year alone, we sat over 283 million diners who gave more than 13 million reviews. This uncovered a treasure trove of food trends and shifts in behavior to provide insightful context as to how people are eating in 2019."

On OpenTable's plate in 2019, diners moved towards more health-conscious dining preferences. Alternative diets are...

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Dec 3 8:22 AM, General News


Sonic Drive-In Sizes Up With the Biggie Cheese

Sonic Drive-In is beefing up the menu with the Biggie Cheese, a new cheeseburger piled high with double the beef and triple the cheese to prove that size does matter when it come to satisfying those savory cravings.

Available for just $4.99, the Biggie Cheese is made with two juicy 100% pure beef patties, covered with three slices of melty American cheese and stacked with grilled onions, crisp pickles, and tangy Hickory BBQ sauce double-decker-style on a bakery-soft brioche bun.

“With a whopping three slices of melty cheese and two juicy beef patties, we not only made our classicly delicious cheeseburger bigger, we also...

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Dec 2 9:46 AM, General News


KFC Canada Introduces Plant-Based Chicken 

KFC Canada announced its latest innovation, KFC Plant-Based Fried Chicken. With the desire to share the Colonel's legendary finger lickin' good taste with every Canadian, KFC Canada partnered with Lightlife, a leading plant-based protein brand, to create a signature Plant-Based Fried Chicken Sandwich and Popcorn Chicken.

KFC Canada's Plant-Based Fried Chicken will make its debut during a limited, one-restaurant, one-day test on Wednesday, November 27 in Mississauga, Ontario. KFC fans looking to try the new plant-based options are invited to visit KFC at 6055 Creditview Road in Mississauga, Ontario between the hours of 10:30am to 11:00pm, or while supplies last.

"We believe the Colonel's famous finger lickin' good taste should have no boundaries," said Sam Redman, Chief Marketing Officer, KFC Canada. "So we've created...

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Nov 27 11:45 AM, General News


Performance Food Group Company Appoints Three New Independent Directors

Performance Food Group Company, today announced that the Board of Directors of PFG has appointed Barbara J. Beck, Matthew C. Flanigan, and David V. Singer to the Board of Directors, effective immediately. With these appointments, PFG’s Board of Directors expands to 10 directors.

Barbara J. Beck, 59, recently retired from her position as the Chief Executive Officer of Learning Care Group, Inc. (LCG), a global for-profit early childhood education provider. She served as Chief Executive Officer of LCG, from March 2011 until June 2019, and currently acts as an advisor to American Securities, the private equity owner of LCG. Ms. Beck also serves on the Executive Council of American Securities. Prior to joining LCG, Ms. Beck spent nine years as an executive of Manpower Inc., a world leader in the employment services industry, including...

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Nov 27 9:20 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2020 Results

Cracker Barrel Old Country Store today reported its financial results for the first quarter ended November 1, 2019.

First Quarter Fiscal 2020 Highlights

  • Comparable store restaurant sales growth of 2.1% and traffic of -1.5% outperformed the casual dining industry.
  • As previously announced, the Company acquired Maple Street Biscuit Company in an all-cash transaction for $36 million.
  • The Company repurchased $14.2 million in shares in the first quarter.
  • GAAP earnings per diluted share were $1.79 compared to prior year first quarter earnings per diluted share of $1.96. This figure includes unfavorable impacts to earnings per diluted share for...
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Nov 26 10:04 AM, General News


Jack in the Box Inc. Reports Fourth Quarter FY 2019 Earnings

Jack in the Box today reported financial results for the fourth quarter and fiscal year ended September 29, 2019.

Jack in the Box system same-store sales increased 3.0 percent in the fourth quarter. Company same-store sales increased 3.5 percent, driven by average check growth of 2.8 percent and transaction growth of 0.7 percent.

Lenny Comma, chairman and chief executive officer, said, "Our 2019 operating results demonstrate the momentum in the Jack in the Box brand, with same-store sales improving to the strongest performance in four years. We have now achieved...

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Nov 21 9:28 AM, General News


Aramark Names Marc Bruno Chief Operating Officer, U.S. Food & Facilities

Aramark, a global leader in food, facilities management and uniforms, announced today that Marc Bruno has been promoted to Chief Operating Officer, U.S. Food & Facilities, reporting to CEO John Zillmer. In this new role, Bruno will focus on driving the Company’s hospitality culture and growth across Aramark’s eight U.S. food and facilities businesses.

Bruno joined Aramark in 1993 after graduating from the Cornell University School of Hotel Administration. Throughout the course of his career, he has risen through the ranks leading virtually every one of Aramark’s U.S. food and facilities businesses, as well as the Company’s Olympic involvement around the globe. In addition, Bruno has overseen some of the world’s largest events for the Company, including...

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Nov 21 9:23 AM, General News


Technomic: Brands Must Differentiate to Stay Ahead as Competition for Breakfast Heats Up

As more players fight for share, breakfast wars are intensifying. Technomic’s 2019 Breakfast Consumer Trend Report takes a look at what brands can do to stay ahead of competition, such as adapting to off-premise trends by way of enhancing ordering amenities, updating menus with bold flavor innovation and adding healthier options. Convenience should also be a big focus, including for weekend occasions.

“Moving forward, brands must differentiate themselves from competitors to drive customer loyalty,” explains Anne Mills, senior manager of consumer insights at Technomic. “Adapting off-premise capabilities and creating innovative menus to meet consumers’ increasing needs for...

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Nov 21 8:53 AM, General News


Michael Foster Joins Sysco Corporation as Chief Information and Technology Officer

Sysco Corporation announced today that Michael Foster will join the company as chief information and technology officer, effective December 2. He will serve as Sysco’s senior technology leader with responsibility for all aspects of our global technology agenda, and will partner with other Sysco leaders in helping to shape the company’s broader strategic direction and future growth agenda.

"We are very pleased to welcome Michael to Sysco,” said Tom Bené, Sysco's chairman, president and chief executive officer. “His deep background in complex supply chain and logistics businesses, as well as his experience leading digital transformation, infrastructure modernization and...

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Nov 20 9:34 AM, General News


Aramark Reports Fourth Quarter and Full Year 2019 Earnings

Aramark today reported fourth quarter and full-year fiscal 2019 results.

“Aramark is an iconic company with a promising future. I am incredibly inspired by the many talented field leaders and valued client partners I have met in just 45 days back with the Company,” said John Zillmer, Chief Executive Officer, Aramark. “My immediate priority is to elevate the Company’s hospitality culture and drive the business forward in a way that unlocks meaningful value for all stakeholders."

Fourth Quarter Results

Consolidated revenue was $4.0 billion in the quarter, an increase of 1.0% over the prior year. Adjusted Revenue grew 4.9% compared to the prior year attributed to...

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Nov 19 10:06 AM, General News


October Retail Sales Grew 4.2 Percent Over Last Year

Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year, the National Retail Federation said.

“Despite the gradual slowdown in the U.S. economy, consumers are in a good place and October’s retail sales are a step forward into the all-important holiday season,” NRF Chief Economist Jack Kleinhenz said. “Uncertainty around trade policy has impacted consumer sentiment recently but ongoing job growth, low interest rates, low inflation and the stock market hitting record highs provide support for consumer spending.”

October’s results make up for most of the 0.3 percent month-over-month decline seen in September and build on September’s year-over-year increase of...

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Nov 19 9:51 AM, General News


Quiznos to Test Plant-based Corned Beef Sandwich at Denver-area Restaurants

Starting November 15th, Denver-area Quiznos locations will offer plant-based eaters and curious carnivores alike the chance to try its new Plant-based Corned Beef sandwich for a limited time only. Featuring Mrs. Goldfarb’s Unreal Deli, this deli classic also includes Swiss cheese, pickles, sauerkraut and honey French dressing on a Quiznos bread of choice.

On November 17th, investors on ABC’s “Shark Tank” will decide whether corned beef made from beets, chickpeas and other plant-based ingredients is as good as – or even better than – the real thing, though local Denverites need not wait to hear the outcome and can visit their local Quiznos to try it for themselves.

“Given consumers’ growing desire for meatless options and the rise of plant-based foods, we wanted to...

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Nov 18 8:44 AM, General News


Packaged Facts: Consumer Use of Restaurant Coupons

Though overall use of coupons is down since 2009, consumer use and redemption of restaurant coupons is up by five percentage points, to about a third of U.S. adults, according to Eating Trends: Restaurant Use, the fourth study in a five report Eating Trends series by market research firm Packaged Facts.

Restaurant coupons have been given a boost by instant, digital, and online/app point-of-sales use through newer delivery services—this is on top of longstanding restaurant coupon use for fast-food pizza chains (including delivery or take-out) or other fast-food chains (including for drive-through).

These services have helped diversify the range of eating establishments and the range of...

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Nov 15 9:22 AM, General News


Shake Shack Begins Nationwide Delivery with Grubhub 

Today Shake Shack will officially begin delivery nationwide with Grubhub, the nation's leading online and mobile food-ordering and delivery marketplace. With more than 140 restaurants across the U.S. now available for delivery on Grubhub, diners can order their Shake Shack favorites with free delivery today through November 17th.

"As we begin our integrated partnership with Grubhub, we're focused on creating the best delivery experience for both our restaurant operators and our guests," stated Randy Garutti, chief executive officer of Shake Shack. "We're committed to being an accessible omnichannel business, giving our guests the chance to experience Shake Shack whenever they want it, with...

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Nov 15 8:55 AM, General News


Subway Restaurants Names John Chidsey CEO 

Subway Restaurants announced that John Chidsey has been named Chief Executive Officer effective November 18, 2019.

John's career as a global franchise executive and senior leader for some of the world's well-known corporations spans brands in and outside of the food and beverage industries.

John was previously the Chairman and CEO of Burger King Holdings, Inc.

Prior to that, he served as Burger King's President and Chief Financial Officer and held other senior management positions...

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Nov 14 9:08 AM, General News


NPD Group Releases Report on Eating Patterns in America 

A burger has held the crown as the top food ordered at U.S. restaurants for decades, but this year that burger may well be a plant-based burger, according to this year’s edition of The NPD Group’s Eating Patterns in America, which is an annual compilation of the company’s daily tracking of U.S. consumption behavior. U.S. consumers may appear to be creatures of habit in their eating patterns but the foods they eat today have a modern twist that is influenced by a host of factors like ethnicity, age/generational group, and health/social consciousness.

“For 34 years The NPD Group has been tracking eating patterns in America and from a topline view many of the same foods are being consumed today as they were...

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Nov 13 10:25 AM, General News


Sysco Acquires Hawaii-Based Armstrong Produce and Kula Produce

Sysco Corporation today announced it has acquired Armstrong Produce and Kula Produce, Hawaii-based broadline fresh produce wholesalers and distributors with approximately $155 million in combined annual revenue. The acquisitions will operate as part of FreshPoint, Sysco’s specialty produce company.

Armstrong Produce was founded in 1979 and has grown from a small family-run wholesale business into Hawaii’s leading produce wholesaler and distributor. With operations in Honolulu, Kona and Kahului, the company supplies a wide range of customers, from local chefs to retailers, with fresh produce daily. Armstrong Produce and Kula Produce are sister companies.

“Armstrong Produce and Kula Produce have been providing quality service and produce to...

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Nov 13 9:22 AM, General News


Chipotle Extends Carne Asada Into Early 2020

Chipotle Mexican Grill announced that it will be extending its new menu addition, Carne Asada, through the end of the year and into the first quarter of 2020. Originally introduced as a limited time offer, this premium protein continues to exceed the brand's expectations and drive new customer acquisitions. Offering responsibly raised beef with no antibiotics or added hormones that meets its food with integrity standards can sometimes limit options for supply; however, Chipotle sourced additional premium cuts of steak to season with fresh squeezed lime and finish with hand-chopped cilantro and a blend of signature spices to satisfy customer cravings.

Known for its animal welfare standards, Chipotle understands the connection between how food is raised and prepared and how it tastes. It makes an extra effort to partner with farmers, ranchers, and...

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Nov 12 10:07 AM, General News


Technomic’s Take: 2020 Canada Trends

Chillier weather and holidays on the horizon signify a special time for Technomic: the coming year’s foodservice trend predictions. Our 2020 trends—which touch on menu, operations and labour—reflect today’s biggest cultural, governmental and consumer shifts impacting macro industry trends. Operators and suppliers need to understand how and why macro trends such as health, sustainability, technology and employee engagement are changing in order to succeed in today’s highly competitive foodservice arena. Read ahead for Technomic’s expert predictions of the trends that will have the greatest impressions on foodservice in 2020.

Marine Eats

Operators will shine a light on aquatic-based ingredients in a plethora of new ways. Not only will restaurants continue to highlight less familiar seaweeds, algae and sea plants, including...

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Nov 12 9:46 AM, General News


FAT Brands Inc. Reports Fiscal Third Quarter 2019 Financial Results

FAT Brands Inc. today reported fiscal third quarter 2019 financial results for the 13-week period ending September 29, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased with our performance in the third quarter which included nearly 11% revenue growth and EBITDA growth of over 70%, as we continue to execute our brand acquisition strategy. During the quarter we successfully integrated our latest acquisition, Elevation Burger, which is now running at full synergies. We have built a considerable brand pipeline from which we will acquire synergistic brands to add to our unique platform.”

Wiederhorn continued, “We continue to pursue financing that will lower our cost of capital. To that end, we recently completed the initial closing of our Series B preferred offering...

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Nov 8 10:13 AM, General News


McDonald's USA Signs Large-Scale Virtual Power Purchase Agreements

McDonald's announced the signing of two long-term, large-scale virtual power purchase agreements (VPPAs), whereby McDonald's will buy renewable energy generated by Aviator Wind West, a wind power project located in Coke County, Texas and a solar project located in Texas. The combined 380MW in renewable energy expected to be generated from McDonald's contribution to these projects will help to prevent over 700,000 metric tons of carbon emissions each year, which is equivalent to planting more than 11 million trees or taking over 140,000 cars off the road for one year. Additionally, the energy generated by these U.S. projects will be equivalent to over 2,500 restaurants-worth of electricity.

In March 2018, McDonald's became the first restaurant company in the world to set a greenhouse gas (GHG) emissions target approved by the Science Based Targets initiative (SBTi). These two U.S. renewable energy projects will...

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Nov 8 8:20 AM, General News


Performance Food Group Reports First-Quarter Fiscal 2020 Results

Performance Food Group Company announced its first-quarter fiscal 2020 business results.

“I am pleased with our first-quarter results driven by double-digit EBITDA growth in our Foodservice and Vistar segments,” said George Holm, PFG’s President & Chief Executive Officer. “Vistar continued to deliver strong top and bottom-line results fueled by broad-based growth across its sales channels. Our Foodservice segment generated 13% in EBITDA growth driven by its customer-centric focus and its continued strategic investments in people and technology. Based on our strong start to the year, we are pleased to increase our full-year Adjusted EBITDA and Adjusted Diluted EPS outlook.”

First-Quarter Fiscal 2020 Financial Summary

Total case volume increased 10.7% for the first quarter of fiscal 2020 compared to the prior year period, with underlying organic growth of 3.2%. Total case volume included Eby-Brown Company, LLC (“Eby-Brown”), a 5.6% increase in...

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Nov 7 10:08 AM, General News


Sysco Announces 2019 Corporate Social Responsibility Report

Sysco Corporation, the leading global foodservice distribution company, announced today it has published its 2019 Corporate Social Responsibility (CSR) Report, documenting the company’s progress toward the 2025 CSR goals established in 2018. Sysco’s CSR strategy focuses on three key areas: people, products and planet, with the objective of Delivering A Better Tomorrow. This strategy sets a clear path for the future and demonstrate the company’s continued commitment to caring for people, sourcing products responsibly and protecting the planet.

“As we celebrate Sysco’s 50th anniversary this fiscal year, we understand the importance of a strong CSR strategy that is focused on finding systemic solutions and...

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Nov 7 8:23 AM, General News


Papa John’s Strengthens and Streamlines Management Team

Papa John's International, Inc. today announced a new, more streamlined senior management team, with additions to the team as well as promotions and expanded roles for key leaders. The updated management structure aligns with the company’s new strategy and priorities.

“After two months as CEO, I’m more excited than ever by the dedication, drive and resilience of Papa John’s team members and franchisees. Today I’m announcing a new management structure that will be the foundation on which we build our future,” said Rob Lynch, President and Chief Executive Officer. “As we introduce a more focused plan and strategic priorities for the company, we are realigning Papa John’s senior management, promoting leaders within the company and adding proven talent. The strong, streamlined team has more clearly defined responsibilities and...

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Nov 7 8:22 AM, General News


Papa John’s Announces Third Quarter 2019 Results

Papa John’s International, Inc. today announced financial results for the three and nine months ended September 29, 2019.

Highlights

  • Third quarter 2019 loss per diluted share of ($0.10) as compared to third quarter 2018 loss per diluted share of ($0.42)
  • Excluding Special items, adjusted earnings per diluted share of $0.21 compared to $0.19 for the third quarter of 2018
  • Third quarter system-wide North America comparable sales increase of 1.0%
  • Third quarter international comparable sales increase of 1.6%; international franchise sales increase of...
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Nov 6 10:22 AM, General News


The Wendy's Company Reports Third Quarter 2019 Results

The Wendy's Company today reported unaudited results for the third quarter ended September 29, 2019.

"We delivered a strong quarter of sales and earnings growth, demonstrating that we are building an even stronger foundation for the Wendy's® brand," President and Chief Executive Officer Todd Penegor said. "We remain relentlessly focused on executing our plan to accelerate same-restaurant sales and drive global restaurant expansion across the globe. We are well positioned to drive growth in 2020 and beyond to achieve our vision of becoming the world's most thriving and beloved restaurant brand, and to become...

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Nov 6 8:58 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Third Quarter

Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the quarter ended October 6, 2019.

Third Quarter 2019 Financial Summary Compared to Third Quarter 2018

  • Comparable restaurant revenue increased 1.6% (using constant currency rates), the third consecutive quarter of improved trends;
  • Comparable restaurant guest counts decreased 3.1%;
  • Off-premise sales, including catering, increased 37.3% and comprised 13.2% of total food and beverage sales, including...
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Nov 6 8:48 AM, General News


National Restaurant Association Unveils its Restaurant Industry 2030 Report

Today the National Restaurant Association, in partnership with American Express and Nestlé Professional, released its 10-year outlook report on the projected state of the restaurant industry in 2030. The report, "Restaurant Industry 2030: Actionable Insights for the Future," examines the key indicators shaping the future of the industry, identifies the most and least likely developments over the upcoming decade, and considers possible disrupters outside the industry that could transform it. The findings are based on input from a variety of restaurant sector experts, futurists, and government statistics.

Key economic projections for 2030 include...

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Nov 5 11:32 AM, General News


US Foods Reports Third Quarter Fiscal 2019 Earnings 

US Foods Holding Corp., one of the leading foodservice distributors in the United States, today announced results for the third quarter of fiscal 2019. In this press release we refer to certain organic financial results. Organic financial results exclude contributions during the respective period from the Food Group of Companies (the "Food Group"), which was acquired on September 13, 2019.

Third Quarter Fiscal 2019 Highlights

  • Total case volume increased 3.0%; independent restaurant case volume increased 6.3%
  • Total organic case volume increased 0.9%; independent restaurant organic case volume increased 4.2%
  • Net sales increased 6.1% to $6.5 billion; organic Net sales increased 4.0% to...
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Nov 5 9:40 AM, General News


Shake Shack Announces Third Quarter Financial Results 

Shake Shack Inc. today reported its financial results for the third quarter ended September 25, 2019, a period that included 13 weeks.

Financial Highlights for the Third Quarter 2019 compared to the Third Quarter 2018:

  • Total revenue increased 31.9% to $157.8 million.
  • Shack sales increased 31.5% to $152.4 million.
  • Same-Shack sales increased 2.0%.
  • Licensed revenue increased 43.3% to $5.4 million.
  • Shack system-wide sales increased 35.0% to $239.1 million.
  • Operating income was $8.2 million, or 5.2% of...
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Nov 5 8:34 AM, General News


Sysco Reports First Quarter Fiscal 2020 Results

Sysco Corporation today announced financial results for its 13-week first fiscal quarter ended September 28, 2019.

First Quarter Fiscal 2020 Highlights

  • Sales increased 0.6% to $15.3 billion
  • Gross profit increased 1.4% to $2.9 billion; gross margin increased 15 basis points
  • Operating income increased 6.4% to $668.3 million; adjusted¹ operating income increased 7.3% to $741.9 million
  • EPS increased $0.06 to $0.87; adjusted¹ EPS increased $0.08 to $0.98

“We saw improved financial results in the first quarter with adjusted operating income growth that was...

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Nov 4 9:54 AM, General News


El Pollo Loco Announces Third Quarter 2019 Financial Results

El Pollo Loco Holdings, Inc. announced financial results for the 13-week period ended September 25, 2019.

Highlights for the third quarter ended September 25, 2019, compared to the third quarter ended September 26, 2018 were as follows:

  • Total revenue was $112.1 million compared to $112.2 million.
  • System-wide comparable restaurant sales increased 1.1%, including a 1.6% increase for company-operated restaurants, and a 0.6% increase for franchised restaurants.
  • Net income was $6.4 million, or $0.18 per diluted share, compared to...
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Nov 1 11:50 AM, General News


Aramark Celebrates National Sandwich Day with New Items

Aramark, the award winning food and hospitality partner of 10 NHL and NBA teams, is celebrating National Sandwich Day, November 3, 2019, with a vibrant selection of new sandwiches at the eight arenas it serves.

Super Sandwiches

  • 1st Street Jalapeno Fried Chicken Sandwich (SAP Center) - Crispy honey glazed chicken thigh, herb cheese spread, lettuce, bacon, Sriracha mayonnaise, on a brioche bun.
  • Braised Short Rib Sandwich (Capital One Arena) - Braised short rib, house pickled coleslaw, on a brioche bun.
  • Chicken Cutlet Sandwich (Wells Fargo Center) - House made chicken cutlet, sharp provolone, broccoli rabe, on...
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Nov 1 11:41 AM, General News


Ruth’s Hospitality Group, Inc. Reports Third Quarter 2019 Financial Results

Ruth’s Hospitality Group, Inc. today reported unaudited financial results for its third quarter ended September 29, 2019.

Highlights for the third quarter of 2019 were as follows:

  • Total revenues in the third quarter of 2019 increased 4.0% to $103.0 million compared to $99.0 million in the third quarter of 2018.
  • Net income in the third quarter of 2019 increased 25.7% to $4.5 million, or $0.16 per diluted share, compared to net income of $3.6 million, or $0.12 per diluted share, in the third quarter of 2018...
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Nov 1 9:03 AM, General News


Postmates Partners with Dine Brands to Provide On-Demand Delivery

Postmates, the leader in enabling anyone to get nearly anything on-demand, announced today that is has partnered with Dine Brands (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants. Postmates customers can now order from both of these restaurants in the more than 3,500 cities that the company operates in.

"Both Applebee's and IHOP are very popular on the Postmates platform," said Craig Whitmer, VP, Merchant Business Development, Postmates. "We are thrilled to provide customers access to these restaurants in the 3,500+ cities we operate in and as we near the busy holiday season, there is no better time to Postmate It."

From the outset of the partnership, Postmates and Dine Brands will integrate delivery orders directly into...

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Nov 1 8:22 AM, General News


Technomic: Off-Premise Occasions Impact Consumers Desire to Try New Flavors 

While consumer demand for flavor innovation is high, Technomic’s 2019 Flavor Consumer Trend Report reveals that consumers’ willingness to try new flavors varies by dining occasion. Consumers are less likely to experiment with flavors when ordering delivery rather than dine-in or takeout. Opportunity exists in offering foods exclusive to specific order formats, such as dine-in or delivery-only menus or free delivery promotions for specific menu items.

“Consumers are already hesitant to pay for something they might not like when trying new dishes, and the added cost of delivery simply exacerbates this concern,” explains Charles Winship, manager at Technomic. “Operators may consider bringing more familiar ingredients and...

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Oct 31 9:53 AM, General News


Starbucks Reports Q4 and Full Year Fiscal 2019 Results

Starbucks Corporation today reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended September 29, 2019. GAAP results in fiscal 2019 and fiscal 2018 include items which are excluded from non-GAAP results. Please refer to the reconciliation of GAAP measures to non-GAAP measures at the end of this release for more information.

“I’m very pleased with our strong finish to fiscal 2019, as we sustained positive momentum across each of our business segments,” said Kevin Johnson, president and ceo. “Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by...

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Oct 31 9:25 AM, General News


Dine Brands Global, Inc. Reports Third Quarter 2019 Results

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, today announced financial results for the third quarter of 2019.

“We are pleased with our overall performance. Our business model continues to deliver robust margin expansion and generate significant adjusted free cash flow. IHOP achieved its seventh consecutive quarter of positive sales growth. While Applebee’s faced a difficult comparison against very strong same-restaurant sales in the third quarter of 2018, we are confident in the brand’s strategy that’s in place,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce added, “We are seeing significant unit growth opportunities as...

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Oct 31 8:15 AM, General News


Yum! Brands Reports Third Quarter Results

Yum! Brands, Inc. today reported results for the third-quarter ended September 30, 2019. Worldwide system sales excluding foreign currency translation grew 8%, with 7% net-new units and 3% same-store sales growth. Third-quarter GAAP EPS was $0.81, a decrease of (42)%. Third-quarter EPS excluding Special Items was $0.80, a decrease of (23)%.

Greg Creed Comments

Greg Creed, CEO, said “Following a very strong first half of 2019 and in line with our expectations, third-quarter results were consistent with our long-term growth model. We delivered system sales growth of 8%, with same-store sales of...

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Oct 30 11:52 AM, General News


Grubhub Reports Third Quarter 2019 Results

Grubhub Inc., the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the third quarter ended September 30, 2019 and also posted a letter to shareholders on its investor relations website. The Company reported revenues of $322 million, which is a 30% year-over-year increase from $247 million in the third quarter of 2018. Gross Food Sales grew 15% year-over-year to $1.4 billion, up from $1.2 billion in the same period last year.

"Our teams had another strong quarter of execution, adding nearly one million active diners and 15,000 restaurants to our platform," said Matt Maloney, Grubhub founder and CEO. "As we detail in our shareholder letter, we are entering the next phase of growth in the U.S. online food ordering industry where...

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Oct 29 8:58 AM, General News


Dine Brands International Continues Expansion with Deal to Bring More IHOP Restaurants to Canada

Dine Brands International announced today an agreement with Saeed Minhas, of Minhas Holdings, to bring the IHOP brand to exclusive locations in the Greater Toronto Area. The agreement calls for 15 new IHOP locations over seven years. The first location is expected to open mid-year 2020.

The new locations are expected to create approximately 900 jobs and contribute up to $15 million to the construction industry in the Greater Toronto Area.

“IHOP is a strong brand with a huge fan base around the world, and we are excited to expand its presence in Canada,” said Saeed Minhas, CEO of Minhas Holdings. “We can’t wait for...

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Oct 29 8:23 AM, General News


Denny's to Offer Beyond Meat Burger 

For more than 65 years, Denny's has been delivering on its commitment to serve guests delicious and affordable meals, investing in menu innovation and increased quality that has put America's Diner at the forefront of the Family Dining category. In response to guests' interest in plant-based dining and flexitarian diets, Denny's has partnered with Beyond Meat to launch the Denny's Beyond Burger.

Available at all Los Angeles area Denny's locations beginning today, the new Denny's Beyond Burger features a 100% plant-based Beyond Burger patty topped with freshly sliced tomatoes and onions, crisp lettuce, pickles, American cheese and All-American sauce on a multigrain bun - offered...

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Oct 28 11:14 AM, General News


Restaurant Brands International Inc. Reports Third Quarter 2019 Results

Restaurant Brands International Inc. today reported financial results for the third quarter ended September 30, 2019.

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the third quarter, we grew system-wide sales nearly 9% through a combination of strong global comparable sales growth and restaurant expansion. At Burger King, we continue to see exciting growth around the world, with our system-wide sales increasing approximately 15% internationally for the quarter and the successful launch of our Impossible Whopper driving 5% comparable sales growth in the US, our strongest level since 2015. Popeyes had one of...

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Oct 28 8:23 AM, General News


DoorDash and Impossible Foods Partner to Launch Impossible Cuisine Category 

Impossible Foods, maker of the famously delicious Impossible Burger, today announced a first-of-its-kind partnership with DoorDash, the nation’s largest on-demand destination for door-to-door delivery. DoorDash has created a custom cuisine carousel featuring merchants that offer Impossible menu items in select US cities including San Francisco, Sacramento, Los Angeles, New York, Chicago, Miami, D.C., Detroit, Atlanta, Boston, Denver, Dallas, Cleveland, Philadelphia, Minneapolis, Orlando, Houston, Pittsburgh, Bellevue, Indianapolis, Phoenix, Las Vegas, and Central Illinois — powering the discovery of even more delicious Impossible food.

DoorDash’s carousels provide discovery and education for customers looking to pair their cravings with comparable restaurants. This is the first time DoorDash has created a plant-based carousel, which will feature...

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Oct 24 10:08 AM, General News


Technomic’s Take: 7 Hot Trends to Watch for 2020

Everything’s connected.

That’s the central theme that emerged as we at Technomic considered the patterns, hurdles and opportunities that are poised to affect the restaurant and foodservice industry as we head into 2020.

While some noteworthy trends were expected and others have turned out to be a bit more surprising, common threads of connection among these trends were revealed during our research.

Ever-shifting demands for health and flavor innovation are guiding menus toward new sustainably grown and sourced ingredients, which connects to an elevated prioritization around waste reduction—both on the menu and in back of the house. But this heightened sense of...

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Oct 24 9:49 AM, General News


TripAdvisor Reveals Diners' Favorite Restaurants with 2019 Travelers' Choice Awards

TripAdvisor, the world's largest travel platform, today announced the winners of its annual Travelers' Choice Awards for Restaurants. Based on a full year of TripAdvisor reviews, these restaurants were consistently given high ratings and praise by diners across the globe.

This year, the awards recognize 584 total restaurants globally and 75 U.S. restaurants in the categories of Fine Dining, Everyday Dining and Fast Casual. Award winners were determined by factoring in the quantity and quality of reviews, gathered over a 12-month period. Daniel in New York City has been awarded the top U.S. Fine Dining spot this year, reclaiming...

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Oct 23 9:55 AM, General News


Chipotle Announces Third Quarter 2019 Results

Chipotle Mexican Grill, Inc. reported financial results for its third quarter ended September 30, 2019.

Third quarter highlights, year over year:

  • Revenue increased 14.6% to $1.4 billion
  • Comparable restaurant sales increased 11.0%, net of 10 bps from loyalty deferral, and included nearly 7.5% of comparable restaurant transactions growth
  • Digital sales grew 87.9% and accounted for 18.3% of sales for the quarter
  • Restaurant level operating margin was 20.8%, an increase of 210 basis points
  • Diluted earnings per share was $3.47, net of...
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Oct 23 8:49 AM, General News


Pizza Hut Tests Two New Product Innovations

Since the beginning of time, pizza boxes were square and the round pies inside of them were topped with meat. Not anymore. Tomorrow, October 23, Pizza Hut will introduce a limited-time test of a plant-based pizza topping served up in a game-changing ROUND pizza box. The test of both innovations will take place exclusively at one Pizza Hut location in Phoenix where America's Original Pizza Company will introduce the new Garden Specialty Pizza topped with Incogmeato by MorningStar Farms Italian sausage.

"We innovate for human's sake and we'll win on taste—PERIOD. At Pizza Hut we don't do anything halfway and improving the customer experience and delivering a better tasting pizza is our core mission," said Marianne Radley, chief brand officer, Pizza Hut. "When we talk about feeding more...

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Oct 23 8:16 AM, General News


Starbucks Delivers Comes to Five New U.S. Markets 

Starbucks Coffee Company today announced the latest expansion of Starbucks Delivers to five new U.S. markets, Atlanta, Denver, Phoenix, Philadelphia, and New Jersey, as well as further expansion in the New York Metro. The delivery program, which initially launched as a pilot in partnership with Uber Eats in late 2018, is now available in a total of 16 major U.S. markets and will reach national availability in early 2020.

“Following our recent commitment to make delivery available nationwide in 2020, we are excited to bring Starbucks Delivers to five more major U.S. markets,” said Roz Brewer, group president and chief operating officer for Starbucks. “The expansion of Starbucks Delivers is part of our continuous effort to...

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Oct 22 9:24 AM, General News


McDonald's Reports Third Quarter 2019 Results

McDonald's Corporation today announced results for the third quarter ended September 30, 2019.

"Our third quarter performance was strong, and broad-based momentum continued with our 17th consecutive quarter of global comparable sales growth," said McDonald's President and Chief Executive Officer Steve Easterbrook. "Globally, our customers are rewarding our commitment of running better restaurants and executing our Velocity Growth Plan by visiting more often."

Third Quarter Highlights:

  • Strong, global comparable sales of 5.9% demonstrated broad-based strength with the International Operated segment increase of 5.6%, the U.S. increase of 4.8%, and the International Developmental Licensed segment increase of...
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Oct 22 9:13 AM, General News


Del Taco Reports Fiscal Third Quarter 2019 Financial Results

Del Taco Restaurants, Inc., the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal third quarter 2019 financial results for the 12-week period ending September 10, 2019.

Fiscal Third Quarter 2019 Highlights

  • System-wide comparable restaurant sales increased 1.0%;
  • Company-operated comparable restaurant sales increased 0.4%. Company-operated comparable restaurant sales were comprised of average check growth of 4.1%, including modest menu mix growth, mostly offset by a transaction decline of 3.7%;
  • Franchised comparable restaurant sales increased 1.8%;
  • Total revenue of $120.2 million representing...
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Oct 22 8:55 AM, General News


RAVE Restaurant Group, Inc. Names Brandon Solano CEO

RAVE Restaurant Group, Inc., today announced that its Board of Directors has named Brandon L. Solano as Chief Executive Officer, effective immediately. Mr. Solano succeeds Scott Crane, whose tenure with the Company ended in July 2019.

Mr. Solano most recently served as Chief Marketing & Digital Officer of fast-casual concept Pei Wei Asian Kitchen, where he recorded the best positive traffic the brand had seen in seven years behind the launch of "Wei Better Orange Chicken," cauliflower rice and a clean-label initiative dubbed "The Wei Forward." In the process, he creatively poked fun at Panda Express, garnering substantial positive publicity and...

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Oct 22 8:48 AM, General News


Whole Foods Market Predicts Top 10 Food Trends For 2020

Today, Whole Foods Market’s global buyers and experts revealed the most anticipated and innovative food trends for 2020 in the retailer’s fifth annual trends predictions announcement. Regenerative agriculture, West African foods, meat-plant blends and new varieties of flour are among the food influences and movements expected to take off in the next year.

Each year, more than 50 Whole Foods Market team members including local foragers, regional and global buyers and culinary experts thoughtfully compile the report based on decades of experience and expertise in product sourcing, studying...

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Oct 21 10:31 AM, General News


Dunkin' and Beyond Meat Accelerate Nationwide Launch of Beyond Sausage Sandwich

Dunkin' today marked a major step in making plant-based menu options easily accessible to Americans everywhere, announcing plans for the nationwide rollout of its highly-anticipated Beyond Sausage Sandwich. First introduced exclusively in Manhattan in July, the Beyond Sausage Sandwich quickly became one of the top-selling sandwiches, driving Dunkin' to accelerate plans for the national launch, with participating U.S. restaurants serving the Beyond Sausage Sandwich beginning November 6.

Dunkin' is the first nationwide U.S. quick service restaurant brand to Go Beyond traditional on-the-go breakfast choices by serving Beyond Breakfast Sausage. Offering the delicious taste and texture of a juicy, savory breakfast sausage patty, Dunkin's Beyond Sausage Sandwich features Beyond Meat's breakfast sausage patty made with...

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Oct 21 10:14 AM, General News


Chick-fil-A Announces Dine-In Mobile Ordering

Chick-fil-A announced a new technology that will make ordering and dining at Chick-fil-A even more convenient. “Dine-in mobile ordering” is a new ordering option via the Chick-fil-A App that allows guests to order from a table in the restaurant and eliminates the need to stand in line or place an order at the counter. Starting today, dine-in mobile ordering is available at participating Chick-fil-A restaurants nationwide.

With dine-in mobile ordering, customers can conveniently order their meal via the Chick-fil-A App and have their meal delivered directly to their table by a restaurant Team Member. Dine-in mobile ordering works in three easy steps...

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Oct 21 8:28 AM, General News


Hardee's to Begin Testing Beyond Meat at Breakfast, Lunch, and Dinner 

Hardee’s, known for quality you can taste, today announced it will be partnering with Beyond Meat as one of the first U.S. quick service restaurants to offer plant-based breakfast, lunch and dinner options. In keeping with the brand’s innovative heritage of offering new twists on classic favorites, Hardee’s will be testing a new Beyond Breakfast Sausage Biscuit and an Original Beyond Thickburger for a limited-time in two regional markets – Raleigh, NC and Kansas City, MO, beginning October 16, 2019.

To celebrate the launch, Hardee’s will offer customers a free Beyond Breakfast Sausage Biscuit, during breakfast hours, or Original Beyond Thickburger, during...

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Oct 16 10:02 AM, General News


Dunkin' Brands Announces Departure of Tony Weisman, U.S. Chief Marketing Officer

Dunkin’ Brands, the parent company of Dunkin' and Baskin-Robbins, today announced that Tony Weisman, Chief Marketing Officer Dunkin’ U.S., is stepping down from his position effective December 1, 2019. The company will immediately begin a search for his replacement, and Mr. Weisman has agreed to assist in the search. Until the appointment of a new CMO, the marketing department will report to Dave Hoffmann, Dunkin’ Brands CEO and Dunkin’ U.S. President.

“Tony has played a key role in the transformation of our brand, including our widely lauded decision to drop “Donuts” from our logo, our very successful espresso relaunch, and the introduction of innovative products like our plant-based Beyond Sausage Breakfast Sandwich, currently available in Manhattan. Additionally, he has assembled...

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Oct 16 9:14 AM, General News


Post-Summer Back to the Grind Kept U.S. Restaurant Transactions Flat in September

The post-summer back to business and school as usual kept U.S. restaurant transactions flat in September compared to year ago, reports The NPD Group. The month started out with transactions up but flattened as the month went on, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale, and casual dining chains.

Transactions at quick service restaurant (QSR) chains, which represent the bulk of industry transactions, were flat in September compared to year ago. While the full service segments of casual dining and...

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Oct 16 8:19 AM, General News


Burger King Partners with Uber Eats for Delivery

All of your favorite flame grilled sandwiches from Burger King restaurants can now be delivered right to your doorstep through Uber Eats. BK guests nationwide can now place a food order, including the iconic Whopper Sandwich, with the tap of a button on the Uber Eats app.

“At Burger King restaurants, delivery is a major priority to ensure our food is available to anyone, anywhere,” said Chris Finazzo, President, North America, Burger King Corporation. “We know our guests value convenience and adding the Burger King brand to Uber Eats is another way we will meet the demands of millions of people on this platform.”

“We’re thrilled to team up with Burger King restaurants to offer their beloved menu items to...

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Oct 15 9:26 AM, General News


Cracker Barrel Acquires Maple Street Biscuit Company

Cracker Barrel Old Country Store, Inc. announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Scott Moore will remain CEO of Maple Street Biscuit Company and will report directly to Sandra B. Cochran, President and CEO of Cracker Barrel.

“The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. We have long admired Maple Street Biscuit Company with...

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Oct 15 8:15 AM, General News


KFC Introduces Fried Wings 

Kentucky Fried Chicken is delivering a touchdown this football season with the introduction of its new Kentucky Fried Wings™. The chicken expert's new, always hot and fresh wings are available in participating KFC U.S. restaurants today as part of the permanent menu. Making this even hotter, fans can try them out from the comfort of their own home with free delivery* on kfc.com, the fried chicken chain's new online delivery platform, Grubhub and Seamless.

Sure to be the MVP of this season's tailgate parties and more, Kentucky Fried Wings are available classic (unsauced) or tossed in your choice of three sauces: Nashville Hot, Buffalo or Honey BBQ – all so finger lickin' good, you won't even need a Wet-Nap.

Thanks to Kentucky Fried Wings, gone are the days of waiting for hot and fresh wings, or needing to call ahead with an order. Kentucky Fried Wings are...

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Oct 11 8:19 AM, General News


Chipotle Enhances Animal Welfare Standards in Canada and Europe 

Chipotle Mexican Grill announced that it's signing the European Chicken Commitment, a venture that will apply even higher animal welfare standards to its entire European supply chain by 2026. Priding itself on serving food with integrity, Chipotle was an early participant in the U.S., supporting the Better Chicken Commitment since 2017 and has now extended this U.S. Broiler commitment to its operations in Canada as well.

Chipotle is committed to cultivating a better world, which means sourcing responsibly raised ingredients. For over 25 years, Chipotle has been an industry leader in exceptional animal welfare standards in the fast-casual space. As a brand started by a classically trained chef with a passion for real food, Chipotle has pioneered...

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Oct 10 8:20 AM, General News


Nestlé Develops Fully Plant-Based 'Bacon Cheeseburger'

Nestlé announced today that it has developed vegan alternatives to cheese and bacon, designed to complement its existing plant-based burger patties. This makes it the first food and beverage company to develop and produce all three essential elements for a no-compromise plant-based 'bacon cheeseburger'.

This complete burger solution will first be offered to professional clients such as restaurant and foodservice operators. Nestlé's plant-based burger patties are already available to food professionals, with the full package including...

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Oct 9 10:18 AM, General News


Subway Restaurants Names New Chief Marketing Officer

The Subway brand is proud to name Carrie Walsh as Chief Marketing Officer, North America, where she will be responsible for driving the brand's North America marketing and advertising strategy, as well as defining global brand standards and marketing strategies throughout Subway's international markets.

A seasoned marketing professional, Walsh joins Subway with more than 15 years of experience building brands across the restaurant, retail and CPG industries. Most recently, Walsh led marketing for Michaels Stores, the largest arts & crafts retailer in North America. Walsh also previously held the Chief Marketing Officer role for YUM! Brands Pizza Hut, where she led teams across marketing disciplines including calendar planning, menu insights and...

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Oct 9 10:12 AM, General News


Carl's Jr. Launches New BBQ Cheeseburger Made with Beyond Meat 

Carl’s Jr., known for craveable menu items, is excited to expand its partnership with Beyond Meat® to launch an innovative new menu item – the Beyond BBQ Cheeseburger – available at participating restaurants beginning October 9, 2019. Drawing on the success of its Beyond Famous Star, the restaurant developed a new burger build meant to complement the Beyond Burger™ patty, while drawing on the flavors of its famed Western Bacon Cheeseburger.

The new Beyond BBQ Cheeseburger will feature some of the restaurant’s most popular ingredients including a Beyond Burger patty topped with Carl's Jr. original BBQ sauce, American cheese, crispy onion rings, all on a sesame seed bun, for an indulgent flexitarian option that turns...

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Oct 9 9:42 AM, General News


Domino's Pizza Announces Third Quarter 2019 Financial Results

Domino's Pizza, Inc., the largest pizza company in the world based on global retail sales, announced results for the third quarter, comprised of growth in global retail sales and earnings per share. Global retail sales increased 5.8% in the third quarter, or 7.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 2.4% during the quarter versus the prior year quarter, continuing the positive sales momentum in the Company's U.S. business.

The international division also posted positive results, with same store sales growth of 1.7% during the quarter. The third quarter marked the 103rd consecutive quarter of international same store sales growth and the 34th consecutive quarter of...

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Oct 8 10:07 AM, General News


Sysco’s Cutting Edge Solutions Announces Additional Product Offerings

Sysco Corporation, the leading global foodservice distribution company, announced the availability of nine new products exclusively for customers through its Cutting Edge Solutions platform.

Designed to enable customers to succeed by differentiating themselves in an evolving and competitive business environment, Cutting Edge Solutions products are sourced from leading and up-and-coming suppliers and assists customers with refreshing their menus, driving increased traffic and streamlining back-of-house operations. Since its inception in October 2015, Cutting Edge Solutions has delivered...

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Oct 8 9:29 AM, General News


Kepak Secures USDA Approval to Distribute Irish Beef Burgers in the United States

Kepak Group has become the first ever European meat processor to be awarded United States Department of Agriculture (USDA) approval for the supply, marketing and distribution of Irish beef in a value-added format of beef burgers into the US market.

The approval announced at Anuga, the world’s largest trade fair for food and beverages in Cologne, Germany, secures access for Kepak to the US beef burger market which is currently valued at over $122bn.

The development follows the successful launch in 2017 of the first Irish beef retail brand in the United States, Kepak’s Celtic Beef Company, and means...

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Oct 8 9:08 AM, General News


Red Robin Gourmet Burgers and Brews Unveils Latest Fall Menu Items 

At Red Robin Gourmet Burgers and Brews beginning today through January 26, guests can satisfy their burger cravings with the all-new French Onion Ringer, a flavor-packed burger with Swiss cheese, crispy onion straws, French Onion spread and tomatoes on a melted provolone-capped onion bun, topped off with three golden-fried onion rings. The Gourmet Burger Authority is also bringing back a fan favorite, the El Ranchero Burger, which is topped with American cheese, candied bacon, crispy onion straws, house-made jalapeño ranch, barbecue ketchup, tomatoes and shredded romaine.

"At Red Robin, we are excited to introduce these new, unique burgers with ingredients that guests can only experience at...

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Oct 7 11:39 AM, General News


McRib Season is Almost Here

‘Tis the season for the saucy return of the McRib to participating McDonald’s restaurants nationwide!

The craveable and delicious sandwich – a seasoned boneless pork slathered in tangy barbecue sauce and topped with slivered onions and tart pickles – is set to return for a limited time in more than 10,000 U.S. restaurants as early as Monday, Oct. 7. To locate the closest participating restaurant, customers can enter their zip code at mcdfinder.com.

“We’re always listening to our customers and we know the McRib has some of the most loyal fans,” said Chef Chad Schafer, Senior Director of Culinary Innovation & Commercialization at McDonald’s USA. “This year we’re excited to...

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Oct 4 10:11 AM, General News


Mintel: Affluent Brits Flock to Chicken Shops and Restaurants as Sales Increase

Well-heeled Brits are joining the nation’s chicken shop obsession, according to latest research from Mintel. Over the last year alone, the number of affluent Brits visiting chicken outlets and restaurants has shot up from 40% in 2018 to 45% in 2019.

Meanwhile, those who have stable household finances are also now more likely to be enjoying the nation’s chicken shops and restaurants. Almost half (47%) of those describing their financial situation as ‘OK’ visited a chicken shop in 2019, compared to 41% a year earlier. This comes as the chicken segment has seen some worse-off consumers exiting the market. The number of Brits with a challenging financial situation visiting chicken shops dropped from...

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Oct 4 9:15 AM, General News


The Cheesecake Factory Completes Acquisitions of North Italia and Fox Restaurant Concepts

The Cheesecake Factory Incorporated announced that it has closed the acquisitions of North Italia and Fox Restaurant Concepts (“FRC”), including Flower Child.

The transactions were completed for $308 million in consideration at closing, including $12 million earmarked for customary post-closing adjustments. An additional $45 million will be due ratably over the next four years, and the FRC transaction also includes an earn-out provision based on the financial performance of the FRC brands outside of North Italia and Flower Child. The Company previously invested...

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Oct 4 8:18 AM, Urner Barry


Mintel: Organic Food and Drink Products Gain Popularity 

According to Mintel Global New Products Database, in the last 10 years, the total number of new food and drink product launches globally with an organic claim has risen from 6% to 10% between August 2009 and July 2019.

Mintel research finds that Europe is leading the way in terms of organic food and drink innovation, with almost a fifth of all food and drink products launched in Europe carrying an organic claim. In the 10 years to July 2019, the number of European food and drink launches with an organic claim has shot up from 9% to 17%, satisfying Europe’s hunger for organics. Current leading innovators include...

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Oct 3 11:28 AM, General News




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