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Bloomin’ Brands Announces Board of Directors Changes
Bloomin’ Brands, Inc. and JANA Partners LLC announced the addition of John P. Gainor, Jr. and Lawrence V. Jackson to the Bloomin’ Brands Board of Directors. In April, the two companies announced an agreement that included an increase to the size of the Board to ten members. The new positions filled by Gainor and Jackson became effective July 1, 2020.
Gainor served as the President and Chief Executive Officer (CEO) of International Dairy Queen, a franchisor of quick service restaurants, and a subsidiary of Berkshire Hathaway from 2008 until he retired in 2017. He joined Dairy Queen in 2003 and served as the Chief Supply Chain Officer prior to his role as CEO. Gainor is also a member of the Board of Directors for Jack in the Box, Inc. and Saia, Inc.
Jackson served as President and CEO of Global Procurement and Executive Vice President and Chief People Officer at Walmart, and in various executive roles at...
Wingstop Opens First Ghost Kitchen in U.S.
Wingstop has announced the opening of its first domestic ghost kitchen located in the brand’s hometown of Dallas.
At the onset of COVID-19 in March 2020, Wingstop moved quickly to close its dining rooms and shift to 100% off-premise. Wingstop was well-positioned based on its pre-COVID investments in digital and technology platforms, allowing for the brand to seamlessly shift from 80% off-premise and adapt to the change in consumers’ dining behaviors. The resiliency of Wingstop was demonstrated in its April 2020 same-store sales growth of 33.4% and 65% digital sales, which included a delivery sales mix of more than 30% of total sales.
“We have a goal to digitize 100% of transactions as we drive to become a top 10 global restaurant brand and we believe ghost kitchens are a great step for the brand as...
Denny's Corporation and its Franchisees Hiring 10,000 Restaurant Employees Nationwide
Denny's announced its plans to hire 10,000 restaurant-level employees at both company and franchise operated restaurants across the United States by the end of 2020. The COVID-19 pandemic has caused unemployment to rise, impacting countless Americans, and Denny's is committed to helping people get back to work. Denny's Corporation and its franchisees are helping to jumpstart hiring across the U.S., by providing job opportunities to future employees.
With dine-in restrictions lifting and guests returning to restaurants as well as taking advantage of takeout and delivery options, Denny's is encouraging people, especially those in the severely impacted restaurant industry, to apply for a position at one of its franchises or company-owned restaurants around the country. As demand for dine-in service grows, Denny's hopes to employ jobseekers from a variety of diverse backgrounds, boost morale in local communities and play a part in the nationwide effort to...
Taco Bell Unveils Grilled Cheese Burrito
Taco Bell is now introducing grilled cheese, thanks to the all-new Grilled Cheese Burrito. The burrito draws inspiration from the classic grilled cheese sandwich. It features fan favorite fillings like seasoned beef, seasoned rice, a three-cheese blend, crunchy red strips, chipotle sauce and reduced fat sour cream, all wrapped with a warm flour tortilla hugged by a warm layer of grilled cheese. Guests can also enjoy a vegetarian version by simply asking to swap beans for meat.
Available for a limited time and while supplies last, the Grilled Cheese Burrito is served at participating U.S locations a la carte for $2.99, or part of a $5 Box and comes with a Crunchy Taco, Cinnamon Twists and a medium soda drink. It was first tested in...
After Two Months of Steady Improvements, Restaurant Recovery Hits a Bump as COVID-19 Cases Surge
Customer transactions at major U.S. restaurant chains declined by 13% in the week ending June 21 versus the same week a year ago, which is slightly softer than the 12% decline in the previous week, reports The NPD Group. This is the first time since the week ending April 12 there has not been an improvement in the year-over-year trend. COVID-19 case surges in a number of states contributed to the backtrack in decline improvements. The current period also included Father’s Day, which unlike Mother’s Day, is more of a backyard BBQ occasion than a restaurant dining event.
With new COVID-19 cases suddenly surging across multiple states, some of the states that have been reporting the highest number of new cases experienced steeper declines in major restaurant chain customer transactions in week ending June 21. Arizona, with a well-publicized surge in cases, saw a 5-point decline in...
NYC Pulls Back on Indoor Dining as U.S. Sees Biggest One-Day COVID-19 Spike Since Start of Pandemic
New York City is not taking any chances when it comes to the coronavirus. Mayor Bill de Blasio announced on Wednesday that indoor dining will no longer move ahead as scheduled.
New York Governor Andrew Cuomo has been reopening the state by regions. New York City, which was one of the regions hit the hardest by the coronavirus, was expected to enter Phase 3 of reopening on Monday, July 6. Phase 3 was supposed to include indoor dining at no more...
Seven Lessons Foodservice Can Learn from a Pandemic
As states begin to reopen, restaurants are adapting to a new normal to welcome diners back. These adaptions include providing outdoor seating, incorporating stricter sanitary procedures, and paperless menus. According to a recent report by Datassential, there are seven lessons foodservice operators can learn from the COVID-19 pandemic that will benefit their business going forward.
The first lesson is goodbye fear, hello caution. As more places begin to ease coronavirus restrictions, consumers are feeling more comfortable returning to public spaces if certain safety measures are met. After restrictions are lifted, about 63% of those surveyed feel safe eating at a restaurant with outdoor dining. Around 54% feel safe returning to a convenience store, and the same percentage feel comfortable with...
Taco Bell Amps Up Digital Experience with New Loyalty Program
Taco Bell is now expanding its digital experience for customers to make it even more rewarding.
“We’re excited to elevate our digital ecosystem and bring our biggest fans an even more convenient, safe, and rewarding experience at Taco Bell,” said Taco Bell’s Vice President of Digital, Zipporah Allen. “Exclusive experiences in our app - like a free Chalupa Cravings Box and earning points towards free food with Taco Bell Rewards - are just the start of the many digital initiatives that we plan to bring fans throughout the year.”
The brand is also launching a beta version of Taco Bell Rewards, a way for fans to earn free tacos (and more) for eating tacos. The loyalty program begins to rollout via the Taco Bell app nationwide in...
Papa John’s Provides Business Update on Ongoing Impact of COVID-19 Pandemic
Papa John’s International, Inc. provided an additional update on the ongoing business impact of the global coronavirus (COVID-19) pandemic, including preliminary estimated comparable sales information for the June month and second quarter fiscal periods. In light of the uncertainty and volatility related to the pandemic, the company has continued to provide this information on a monthly basis.
Rob Lynch, President & CEO said, “In June Papa John’s delivered a third consecutive month of double-digit sales growth in North America and strong growth internationally. Continued strong results reflect both the hard work of our team members and local franchisees, as well as the trust that we have earned from millions of customers who have...
Shake Shack Plans to Expand in China
Shake Shack Inc. and licensee Maxim’s Caterers Limited announced an expanded partnership, with plans to open a minimum of 15 Shacks in South China by 2030, including locations in Shenzhen, Guangzhou, Fuzhou and Xiamen.
Together, Shake Shack and Maxim's Caterers Limited plan to operate 55 Shacks in mainland China by 2030. Maxim’s currently operates Shake Shack locations in Shanghai and Hong Kong, with Beijing and Macau in development with goals to open later in 2020. As a well-respected and proven operator in Asia, Maxim's has more than 60 years of experience in the food, beverage and retail sectors, and its diversified operations include...
Restaurant Brands International Provides Business Update
The following letter was provided by Jose Cil, Chief Executive Officer of Restaurant Brands International:
"This week marked 100 days since COVID-19 turned business in our home markets upside down.
In March, April and May, we shared an update on how we've been managing the crisis and driving substantial change at Restaurant Brands International . As we finish the last week of our second quarter, I wanted to share one more update on the recovery of our business, a return to growth in certain parts of our business and some reflection on long-term priorities; including...
Papa John’s and Shaquille O’Neal Launch New Shaq-a-Roni Pizza
Papa John’s announced today the launch of the new Shaq-a-Roni pizza in collaboration with board member and restaurant owner Shaquille O’Neal. Designed to deliver a bigger pizza experience, Papa John’s will donate one dollar from every Shaq-a-Roni sold through August 23, 2020 to The Papa John’s Foundation for Building Community, which supports communities as they work together for equality, fairness, respect and opportunity for all.
“It was important to me for the Shaq-a-Roni to be bigger than just pizza. By giving my new pie a try, one dollar will be donated to The Papa John’s Foundation for Building Community to support COVID-19 relief...
Domino's Introduces Carside Delivery
Domino's Pizza is offering customers of the brand yet another way to carry out their favorite pizza: via Domino's Carside Delivery. Domino's Carside Delivery is a new contactless carryout option that customers can choose when placing a prepaid online order, and it is now available in stores across the U.S.
"Domino's is all about providing a delicious, hot meal, the way customers want it – whether via carryout or delivery," said Dennis Maloney, Domino's senior vice president-chief innovation officer. "Domino's Carside Delivery gives customers the option to stay in their vehicle while...
Chipotle Announces Partnership with Grubhub to Expand Delivery Footprint
Chipotle Mexican Grill announced that it is partnering with Grubhub, the nation's leading pickup and delivery marketplace with the largest network of restaurant partners, to expand its delivery footprint in the U.S. Chipotle and Grubhub have established a fully-integrated partnership to provide efficient operations and a seamless diner experience, ensuring food arrives as fresh and fast as possible. Available now, customers can order from Chipotle locations through the Grubhub app or Grubhub.com.
Digital orders from Chipotle are customized via the brand's Digital Kitchens, which are comprised of a dedicated ingredient station and operated by a special team in nearly all Chipotle locations. Chipotle deliveries also feature a tamper evident packaging seal to help ensure food is untouched during delivery. Grubhub users will also...
New Jersey Postpones Indoor Dining Indefinitely as Other States Pause Reopening
Just days before New Jersey restaurants were set to reopen indoor dining at 25% capacity, Governor Phil Murphy announced that the state would be postponing indoor dining indefinitely.
“UPDATE: INDOOR DINING WILL NO LONGER RESUME ON THURSDAY,” Murphy posted in a series of messages on social media Monday afternoon. “We had planned to loosen restrictions this week. However, after COVID19 spikes in other states driven by, in part, the return of indoor dining, we have decided to postpone indoor dining indefinitely...
Church's Chicken Rallies in Q2, Sets Sights on Continued Growth and Positive Momentum
Just six months ago, Church's Chicken turned in its best performance in ten years for comparable same-store sales, and made 2020 the launch date for the brand's five-year strategic plan. Then, like all restaurants and businesses, plans were set back due to COVID-19 and the brand enacted a refocused action plan in response. Overall, the COVID-19 sales challenges were only temporary for Church's, as it reports that domestic sales have returned to pre-pandemic positive trends the past two months.
"Without question, our ability to weather this crisis is due to our entire franchise community, corporate and restaurant team members coming together to quickly and effectively adapt to a changing market and continue to...
ANALYSIS: Hatchery figures: Filling a Need but Which One?
By almost every measure, 2020 has been an historic year and one which has rocked the chicken industry to its core...
Darden Restaurants Reports Financial Results and Provides 2021 First Quarter Outlook
Darden Restaurants, Inc., reported its financial results for the fourth quarter and fiscal year ended May 31, 2020, which included a 53rd week of operations compared to 52 weeks last year.
Statement from Gene Lee, CEO:
"The strategy we put in place five years ago helped us successfully navigate one of the most challenging periods in our Company's history. When our dining rooms closed, our operators did an amazing job of reimagining the guest experience by staying true to our back-to-basics operating philosophy.
We benefited greatly from our competitive advantages that form the foundation of our strategy, especially our scale and our culture. Our scale allowed us to quickly react to...
ANALYSIS: Retail Beef and Broiler Prices At Highs, Pork Close
There was a change in leadership in food spend during the COVID-19, and it probably wasn’t unexpected given what transpired globally...
Dine Brands Global Announces International President; Chief Information Officer Appointments
Dine Brands, the parent company of Applebee's Neighborhood Grill & Bar and IHOP restaurants, announces the appointment of Tony Moralejo as President, International and Global Development; and Justin Skelton, Chief Information Officer. Moralejo and Skelton are both experienced leaders who will make an immediate impact in the recovery and acceleration of the business post crisis. They will report to Thomas Song, Chief Financial Officer, and join the Dine Brands Executive Team.
Moralejo joins Dine from Church's/Texas Chicken, an international quick service restaurant company. Moralejo’s prior experience spans over two decades, leading global teams in various operations, franchise development and...
Reopening Regulations Lead to New Formats and Menu Innovations
China has put several parts of Beijing under lockdown following a spike in recent virus infections. The second wave prevention measures include the closure of some bars and the sanitization of restaurants.
South Africa is now allowing restaurants to offer dine-in service after having been under one of the world’s tightest lockdowns since late March.
Wisconsin’s Supreme Court ruled that prohibitions on business reopenings are unconstitutional, opening the door for restaurant dining rooms and bars to welcome guests again.
Governors in both Texas and Florida announced that restaurant dining rooms can reopen at 25% capacity. However, in Florida, stay-at-home orders remain in place for the more...
Spikes in COVID-19 Cases in Open States are Not Yet Impacting Restaurant Recovery
The spikes in COVID-19 cases in states that have reopened restaurant dine-in services haven’t yet impacted the continuing improvement in major restaurant chain transaction declines as more states reopen, reports The NPD Group. Arizona, California, and Florida, three states that reported an uptick in COVID-19 cases, showed several points of improvement in restaurant chain customer transaction declines at full service restaurants — the restaurant segment most affected by dine-in closures — in week ending June 14 compared to the previous week, according to...
Subway Restaurants to Add 50,000 Jobs
With record unemployment levels across the country, Subway Restaurants announced its local Franchise Owners seek to hire approximately 50,000 jobs in North American restaurants. This effort further deepens the brand's community connections as Subway can be found in almost every community across the U.S. and Canada, and directly addresses some of the devastating effects of the COVID-19 crisis.
Subway recognizes the importance of supporting its communities and providing safe, reliable job opportunities to those seeking employment – now more than ever. Starting this summer at participating North America restaurants, thousands of job opportunities will be available ranging from entry-level to management.
"As our business continues to see a growing demand for our value offerings, curbside pick-up and delivery, we are happy to support such a large-scale employment opportunity to meet...
McDonald's Restaurants Anticipate Hiring Approximately 260,000 this Summer
As states and communities continue to re-open their economies, McDonald’s restaurants are expecting to hire approximately 260,000 restaurant employees in the U.S. this summer. This comes as McDonald’s restaurants begin to welcome customers back into dining rooms with extra precautions in place.
McDonald’s has implemented nearly 50 new safety procedures to protect crew and customers. These include wellness and temperature checks, social distancing floor stickers, protective barriers at order points, masks and gloves for employees with the addition of new procedures, and training for the opening of dining rooms.
“We are excited to welcome new employees to our McFamily, and we want candidates and their families to know we have one goal – to keep our people safe. We’ve put new minimum national standards and nearly 50 new processes in place in our restaurants as they continue to...
New Legislation Introduced to Help Independent Restaurants Recover from COVID-19 Challenges
The Real Economic Support That Acknowledges Unique Restaurant Assistance Needed to Survive (RESTAURANTS) Act of 2020 was introduced on June 18 calling for $120 billion to help independent restaurants recover from the challenges posed by COVID-19.
Introduced by a bipartisan coalition of politicians including U.S. Senators Roger Wicker, R-Miss., and Kyrsten Sinema, D-Ariz., and Representatives Earl Blumenauer, D-Ore., and Brian Fitzpatrick, R-Pa, the legislation will create a fund to deal with the impacts of the coronavirus and help reemploy...
ANALYSIS: Heavy Chickens and More of Them
Keen observers of the chicken market are well aware of the growing price spread between medium and jumbo-sized product...
Six Flags Announces New Mobile Food Ordering
Six Flags Entertainment Corporation announced the biggest planned rollout of Mobile Food Ordering in the regional theme park space. As more Six Flags parks open with new safety guidelines in place, the program offers a minimal to no-contact process with the use of the Six Flags App.
“Social distancing is a key component of our operations. By utilizing Mobile Food Ordering, guests will spend significantly less time in food lines and more time enjoying their visit. More than 75% of our dining locations now offer...
ANALYSIS: Tom and Hen Poults Follow a Distinct YoY Path
As stay-at-home guidelines are lifted and the foodservice sector gradually returns, turkey market participants look to the hatch data in an attempt to refine their buying and...
While COVID-19 Remains a Focus, Consumers’ Interests have Started to Shift Beyond the Pandemic
Since the beginning of the pandemic, the world has been focused on coronavirus. With the virus impacting just about every aspect of consumers’ lives, stepping away from the news is not always enough to escape the fatigue.
For the first time in three months, the virus is no longer front and center amid recent events surrounding protests. In some ways, Datassential found that this has caused some households of younger generations to relax COVID-19 precautions and take on more risk to get out and reclaim their lives.
More than others, younger generations and households with children are partaking in socializing in larger groups and heading back to dining rooms. While Americans are not ready to completely turn off virus-related news, they are ready to...
Chipotle Expands Digital Platform with Canadian App Launch and U.S. Ordering Enhancements
Chipotle Mexican Grill announced a series of innovations to its digital platform to increase access and convenience for guests, including the introduction of the Chipotle app in Canada. Now guests in Canada can order their favorite Chipotle meals via Chipotle.ca or the Chipotle app, as well as through DoorDash and Uber Eats.
"Investing in our digital ecosystem in Canada will enhance the guest experience and position us well for future growth," said Anat Davidzon, Managing Director – Canada, Chipotle.
Chipotle is also introducing a series of enhancements to its mobile ordering capabilities including Pepper, its Concierge Bot on Facebook Messenger. Beginning June 22, customers can...
Mintel: A Quarter of British Millennials Say COVID-19 has Made a Vegan Diet More Appealing
The prospect of a diet packed with chickpeas, lentils, and quinoa appears to be more tempting as of late, as new research from Mintel reveals that a quarter (25%) of young British Millennials (aged 21-30) say that the COVID-19 pandemic has made a vegan diet more appealing.
These plant-loving Millennials are not alone, as the research reveals that a vegan diet is proving more attractive to over one in ten (12%) of all Brits, rising to almost a quarter (22%) of Londoners, since the start of the pandemic.
This comes as Mintel research indicates there is a strong belief in the healing power of plants, as half of Brits (51%) believe plant/botanical ingredients (eg herbs, spices) can have...
Hard Rock Cafe to Reopen Restaurant Locations Under New Health and Safety Plan
Hard Rock International announced plans to reopen company-owned Hard Rock Cafe locations in the United States and Europe, in compliance with recommendations from national and local health officials. To help keep guests and team members safe and healthy, Hard Rock Cafes have implemented "SAFE + SOUND," a new program featuring stringent guidelines developed in collaboration with leading worldwide health and sanitization partners like ECOSURE and the National Sanitation Foundation (NSF).
The "SAFE + SOUND" program implements the highest of level of safety, sanitation, food handling and employee training. As part of the new protocol, all guests and team members will be required to...
Denny's Reintroduces Popular Value Menu
Denny's is re-introducing its famed $2 $4 $6 $8 Value Menu in celebration of its 10th anniversary, offering guests breakfast and dinner favorites alongside new and exciting items, all at a great price. The limited-time value menu will be available for dine-in, takeout or delivery via Dennys.com, while supplies last at participating locations. Denny's is also offering free delivery through Denny's on Demand from now until June 22, 2020.
Denny's $2 $4 $6 $8 Value Menu features options for breakfast, lunch and dinner, including...
As Restaurants Begin to Reopen, Operators Expect a Long Road Ahead
According to the National Restaurant Association, the restaurant industry has lost $120 billion in sales over the last three months due to the COVID-19 pandemic in the United States.
The Association said stay-at-home policies led to losses of $30 billion in March, $50 billion in April, and another $40 billion in May.
Most of the country is beginning to reopen dining at some capacity. States are allowing limited capacity while others are set to allow outdoor dining and there is hope that restaurants...
McDonald's Reports April and May 2020 Comparable Sales and Provides COVID-19 Business Update
McDonald's is providing comparable sales results and an update on the COVID-19 impact to the Company's operations ahead of the second quarter earnings announcement.
"Our strong foundation and the unique advantages of the McDonald's System, including...
U.S. Restaurant Chain Transaction Declines Continue to Soften, Down 14% in Week Ending June 7
U.S. major restaurant chain transactions were down 14% in the week ending June 7 versus the same week a year ago, a 29 point gain from the steepest decline during the COVID-19 pandemic of 43% in week ending April 12, reports The NPD Group. Sixty-nine percent of restaurant units are now in geographies that permit some level of on-premise dining and the number should increase to 74% in week ending June 14.
Major full service restaurant (FSRs) chains are still seeing the most improvement of restaurant segments as more dining rooms open and those already open increase capacity...
Burger King Restaurants Launch the Impossible Croissan’wich
Burger King today announced it is lauurger nching the new Impossible Croissan’wich sandwich nationwide. After a successful test earlier this year in select U.S. markets, BK guests across the country can now get the same Croissan’wich sandwich they know and love with a delicious Impossible breakfast plant-based patty. This new menu item makes Burger King the first national restaurant to offer an Impossible breakfast plant-based patty on a breakfast sandwich. The all-new, limited-time-only Impossible Croissan’wich features a toasted flaky croissant, fluffy eggs, melted American cheese and a seasoned breakfast plant-based patty from Impossible Foods...
Sysco Launches New Interactive Virtual ‘Restaurant Readiness Tool’ for Operators
Today, Sysco announced the launch of its Restaurant Readiness Tool, a first-of-its kind simulation that intuitively provides a comprehensive view of best practices, key considerations and essential supplies for operators re-opening their restaurants as COVID-19 stay-at-home orders continue to ease.
The Restaurant Readiness Tool enables operators to tour a virtual restaurant where they experience an immersive, 360-degree view of the establishment. Users can navigate through the restaurant, clicking various icons for each area and foodservice role to learn about best practices for ensuring the health and safety of both guests and employees...
Taco Bell Owner Sues Grubhub, Claiming it Violated Distribution Agreement
Taco Bell owner Yum Brands is suing Grubhub, claiming that it violated its distribution agreement.
Yum bought a 3% stake in the third-party delivery app in 2018 as more national chains looked to lift sales by offering delivery. As part of the deal, the two signed a contract that required the delivery app to give Yum favorable pricing and service levels for thousands of Taco Bell and KFC restaurants, which are largely operated by franchisees...
Consumers to Take Cautious Approach as Restaurants Reopen
With the United States beginning to reopen amid the COVID-19 pandemic, restaurant operators are eagerly awaiting consumers to walk back through their doors.
Americans have been stuck in their houses for months and with many ready to spend time out of the house, the foodservice industry hopes they are craving not only a good meal but a night out as well.
However, a recent survey from the restaurant discovery platform Zagat indicates that most consumers are still unwilling to sit down in a restaurant for an extended period of time...
Who Bought Grubhub? A look at Just Eat Takeaway.com
On Wednesday news broke that Grubhub was being acquired by Just Eat Takeaway.com in a $7.3 billion deal. The acquisition news came as a shock as Uber had reportedly been in negotiations with the food delivery company.
So, who is Just Eat Takeaway.com?
Takeaway.com was founded in 2000 by its CEO, Jitse Groen. The site, Thuisbezorgd.nl, was initially launched in the Netherlands and was one of the world’s first online food delivery marketplaces. By 2011 the name was changed to Takeaway.com, and since then they’ve been...
Bloomin’ Brands Provides Business Update Related to the COVID-19 Pandemic
Bloomin’ Brands, Inc. (Nasdaq: BLMN) today announced a business update related to COVID-19 as well as recent sales results and details on cash utilization and liquidity.
Statement from David Deno, Chief Executive Officer
The priorities for Bloomin’ Brands remain unchanged as we navigate these challenging times. We are focused on taking care of our people and serving food in a safe environment that protects both our Team Members and customers.
Since the onset of the pandemic, we have been nimble in adapting our business. This included a pivot to an off-premises model as dining rooms were forced to close...
Dunkin' Franchisees Plan to Hire Approximately 25,000 Restaurant Employees Nationwide
At a time of record unemployment, Dunkin' has been an essential, trusted part of the communities it serves, with approximately 90% of Dunkin' restaurants open to help keep Americans running and provide some sense of normalcy for loyal guests. Now, as more of America opens up, Dunkin' franchisees are seeking to hire up to 25,000 new restaurant employees at Dunkin' locations, from front-counter to restaurant management, creating immediate jobs that offer long-term education benefits and key career skills for people all across the U.S.
To support its franchisees, who are independent business owners, in hiring and retaining employees who embody the brand's core values, Dunkin' is taking several steps to welcome new restaurant employees and...
Technomic: Recent Protests Resulted in Restaurant Foot Traffic Declines
Major cities where protests were held, including Minneapolis, experienced declines in QSR and overall restaurant foot traffic that overindex national levels.
There is significant concern that the virus will reappear
Driven by the New England region (88%) and consumers ages 55-64 (85%), the vast majority (77%) express concern that the virus will be back before the end of year. On the flip side, 32% of West North Central and 31% of consumers ages 18-24 report that they are not concerned or very concerned.
Employees’ safety and health are top of mind for operators
Healthcare operators are more likely to be concerned with...
United Natural Foods Reports Third Quarter Fiscal 2020 Results
United Natural Foods, Inc. reported financial results for the third quarter of fiscal 2020 (13 weeks) ended May 2, 2020.
Third Quarter Fiscal 2020 Highlights
Wendy's Provides Business Update on COVID-19
Wendy's announced an update on the impact of the COVID-19 pandemic on the Company's business.
Global same-restaurant sales have improved each week throughout the fiscal month of May after being impacted by the previously disclosed disruption in beef supply at the beginning of the month. Global same-restaurant sales for the last week of May turned positive in the low single digit range.
Breakfast in the U.S. continued to perform very strongly in...
Restaurant Transaction Declines Continued to Improve in Week Ending May 31
Nearly three months have passed since most U.S. restaurant dine-in operations were ordered to close to prevent the spread of COVID-19, and this week more than 68% of all restaurant units are in states, counties, or municipalities where they are permitted to reopen their on-premise dining service. This does not mean all restaurants in those areas have reopened, but it is an indicator of loosening regulations.
With a growing number of restaurant dine-in services reopening, major restaurant chain customer transactions have been improving, reports The NPD Group. In the week ending May 31, U.S. restaurant chain transactions declined by 18% compared to same period year ago, a 3%...
COVID-19 Is Reshaping the $4 Trillion Global Foodservice Industry
COVID-19 is reshaping the nearly $4 trillion global foodservice industry, with a number of permanent effects expected. Not only is the pandemic accelerating growth of existing trends like online food delivery and curbside pickup, it is giving rise to new ones, such as expanded sanitation protocols and social-distancing dining.
While creative fads are unlikely to go mainstream, foodservice establishments must find ways to adapt to market challenges such as limited-capacity seating and quell consumer concerns about contagion in order stay competitive.
A new Freedonia Group analysis examines the short- and long-term impacts of COVID-19 on global foodservice revenues, which are forecast to rise...
Checkers & Rally's Launches New Chicken Sandwich
On Monday, June 8, Checkers & Rally's launched the "Mother Cruncher" chicken sandwiches.
In true Checkers & Rally's fashion, The Mother Cruncher is no ordinary chicken sandwich. The new sandwich features an all-white chicken breast coated in the "mega crunch" breading, topped with pickles, crisp iceberg lettuce and a slice of ripe red tomato, served on a toasted bun and finished off with Checkers & Rally's new top-secret, creamy, signature Squawk Sauce.
"We've always stood behind our steadfast commitment to providing our guests with the most indulgent, craveable menu items — and we've outdone ourselves with...
ANALYSIS: Pork Butts See Significant Pressure After Memorial Day
Substantial pressure continues to be noted throughout the fresh pork complex with bone-in butts seeing considerable losses in just...
Red Robin to Re-Open Approximately 65% Company-Operated Dining Rooms by June 7
Red Robin Gourmet Burgers, Inc. announced that the Company expects to have re-opened approximately 270 dining rooms with limited capacity by June 7, 2020, representing approximately 65% of currently open Company-operated restaurants.
Paul J.B. Murphy III, Red Robin’s President and Chief Executive Officer, said, “With our relentless focus on health and safety for our Team Members and Guests, we are continuing to make progress re-opening our dining rooms across the country and welcome back our loyal Red Robin fans to experience...
The Cheesecake Factory Provides Business Update
The Cheesecake Factory Incorporated provided a business update given the ongoing COVID-19 pandemic.
The Company began to reopen dining rooms across its concepts the second week of May. As of today, approximately 25% of the Company’s restaurants across its concepts, including 34 Cheesecake Factory restaurants, have reopened dining rooms with limited capacity in accordance with local mandates.
The reopened Cheesecake Factory restaurants have recaptured, on average, approximately 75% of prior year sales levels, reflecting continued strength in off-premise sales and building dine-in business. For The Cheesecake Factory restaurants that are continuing to operate...
Nielsen: Understanding Consumer Sentiment Can Help Companies Adjust as the U.S. Begins to Reopen
Even though the year is almost half over, it’s just now starting to feel like a new year in parts of the U.S., as many states have allowed certain non-essential businesses like restaurants, movie theaters and retail stores to re-open in at least some capacity. We know, however, that many Americans plan to play it safe as businesses come back online rather than immediately jumping back into pre-lockdown behaviors. That’s why companies need to understand evolving consumer sentiment before assuming that open-for-business means business as usual.
The rise in CPG purchases (both on and offline) has been well documented throughout the lockdown period, but we have yet to see how consumers approach visiting non-essential businesses once they’re open again...
Cracker Barrel Reports Third Quarter Fiscal 2020 Results And Provides Business Update
Cracker Barrel Old Country Store, Inc. reported its financial results for the third quarter ended May 1, 2020 and provided an update regarding the impact of the coronavirus disease ("COVID-19") pandemic on the Company's business.
COVID-19 Business Update
Beginning in March, the unprecedented circumstances and rapidly changing market conditions caused by the COVID-19 pandemic resulted in significant disruptions to the restaurant industry and to the Company's business. As previously disclosed, the Company undertook numerous actions in response to the pandemic to...
Uncertainty Surrounds the Reopening of Businesses
While the reopening of businesses shut down because of the coronavirus pandemic is a significant step forward, the rate at which the economy will recover or consumers will feel comfortable resuming activities such as dining out or shopping remains to be seen.
“Is it possible the worst of the coronavirus pandemic is behind us? Maybe, but we are not out of the woods yet, and uncertainty abounds,” said National Retail Federation Chief Economist Jack Kleinhenz.
Kleinhenz added, “Predicting what will happen is even more challenging than usual. While history often helps guide us, previous downturns offer little guidance on what is likely to unfold over the next six to 12 months. There is no user’s manual in which government, businesses or consumers can find...
U.S. Restaurant Chain Transactions Down 18% Compared to Year Ago but Continue to Improve
With nearly 320,000 restaurant units in the U.S. now allowed to offer some level of on-premise dining, customer transaction declines at major restaurant chains continued to improve in the week ending May 24, reports The NPD Group. Total major restaurant chain transactions declined by 18% in the week compared to same week year ago, a 25 point gain from the steepest decline during the COVID-19 pandemic of 43% in week ending April 12, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.
Major full service chain restaurant transactions declined by 42% versus same time year ago, a 7 point improvement from the prior week’s decline of...
Yum China to Introduce Beyond Burger at Select KFC, Pizza Hut and Taco Bell Restaurants
Yum China Holdings, Inc., announced that it is partnering with Beyond Meat, Inc., a leader in plant-based meat, to introduce the Beyond Burger as a limited time offering at select KFC, Pizza Hut and Taco Bell locations in mainland China starting June 3. This partnership marks the introduction of Beyond Meat's Beyond Burger in mainland China.
"We see great potential for the plant-based meat market in China," said Joey Wat, CEO of Yum China. "This latest introduction across KFC, Pizza Hut and Taco Bell brands is expected to capture valuable consumer feedback across different regions in China. It will enable us to optimize flavors and processes and help assess...
US Foods to Provide Free Reopening Kits to Independent Restaurants Across the Country
US Foods Holding Corp. announced it is giving away free reopening kits to qualifying independent restaurant owners to help support restaurant reopening efforts in communities across the U.S. The reopening kits provide independent restaurant operators with must-have supplies such as masks and safety guidance posters as well as resource guides to navigate state and local COVID-19 reopening requirements and help create a safer environment for staff and customers alike.
This initiative builds on the company’s ongoing commitment to providing foodservice operators with the expertise, resources and tools to help them successfully adapt their operations during COVID-19...
FAT Brands Reports First Quarter 2020 Financial Results
FAT(Fresh. Authentic. Tasty.) Brands Inc., reported fiscal first quarter 2020 financial results for the 13-week period ending March 29, 2020 and provided an update on the business as it relates to the COVID-19 pandemic.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “The first five months of 2020 have been unprecedented, and our mission has been steadfast - to guide our franchisees and their employees through these challenging times as safely as possible so they may best serve their communities and guests. As we are now moving into the re-opening phase in many locations both domestically and internationally, our operations teams have...
Papa John’s Provides Business Update on Ongoing Response to COVID-19 Pandemic
Papa John’s International, Inc. provided an update on the ongoing business impact of the global coronavirus (COVID-19) pandemic, including preliminary estimated comparable sales information for the May fiscal period. In the spirit of transparency during these uncertain times, the company will continue providing this information on a monthly basis through the June fiscal period, which is the end of the second quarter.
Rob Lynch, President & CEO said, “In May, for the second straight month, Papa John’s team members and franchisees delivered the best sales period in the company’s history. Our teams continue to meet the needs of new and returning customers and their communities, while making...
ANALYSIS: A Bird’s Eye View of YTD Chicken Production
With mid-year just around the corner, this week we thought it would be a good opportunity to investigate how chicken headcount and average live weights are stacking up against...
DoorDash Launches Initiative to Continue Supporting Local Restaurants
DoorDash announced Main Street Strong, an initiative to help restaurants navigate the recovery phase of the COVID-19 pandemic. Through this initiative, DoorDash is launching a suite of products, programs, and policies to help restaurants grow their business and take control of the customer experience by building their own digital ordering solutions.
As part of the "Main Street Strong" initiative, DoorDash is announcing new products and programs aimed at helping restaurants build their own brands online according to their unique needs.
Launching DoorDash Storefront, a service that enables restaurants to create their own online stores, providing them with a turnkey solution to offer their customers on-demand access to their restaurant without investing in in-house logistics. By our estimate, 40% of our restaurant partners today do not have...
Yum China Releases 2019 Sustainability Report
Yum China Holdings, Inc., issued its annual Sustainability Report, which highlights its commitment to sustainability and dedication to giving back to the community. It is the Company's third annual Sustainability Report since becoming an independent, publicly-traded company in 2016.
The new report outlines Yum China's sustainability strategy and its accomplishments in 2019, underscoring the importance of sustainability, innovation and culture to the Company's operations. The report also reflects Yum China's commitment to developing goals and taking actions in line with the Sustainable Development Goals to support the United Nations 2030 Agenda.
"As China's largest restaurant company, we are committed to working with stakeholders across the value chain to promote economic, social, and environmental sustainability. This is crucial not only for...
Technomic: Turmoil, Uncertainty and Some Relief Expected for Foodservice Over the Next 18 Months
The foodservice industry will experience significant declines in 2020.
The degree of decline will be dependent upon the timing of lifting restaurant closure restrictions, the status of school and college openings in the fall, the degree of travel return and a possible second COVID-19 wave in the fall.
Healthcare and retail hosts will be the strongest performers
In terms of segments, healthcare will perform at the strongest level in 2020, followed by retail hosts (e.g., c-stores, supermarkets) and limited-service restaurants. Retail and healthcare are less impacted by closures and LSR is strongly positioned for off-premise business. The most affected segments are...
Domino's Pizza Announces Business Update
Domino's Pizza, Inc., announced preliminary information from the first eight weeks of the second quarter in advance of its second quarter earnings release on Thursday, July 16, 2020 in light of the dynamic situation related to the COVID-19 pandemic.
Statement from Ritch Allison, Domino's Chief Executive Officer:
"Today we are providing a business update which includes preliminary sales results from the first eight weeks of the second quarter. We are doing so in the spirit of transparency, and due to the material increase in U.S. same store sales that we have experienced subsequent to...
Field Roast Expands Frozen Portfolio with Plant-Based Nuggets
Field Roast Grain Meat Co, owned by Greenleaf Foods, has added Plant-Based Nuggets to its portfolio of frozen plant-based appetizers and entrees. The crispy, bite-size nuggets feature a bold, inspiring taste and expand the brand’s frozen portfolio that also includes Fruffalo Wings and Miniature Corn Dogs.
“Remember the joy that a chicken nugget could bring you as a kid?,” said Dan Curtin, president of Greenleaf Foods. “We’re bringing that back with an absolutely delicious plant-based nugget...
JUST Announces Partnership with Post Holdings’ Michael Foods
JUST and Michael Foods, a subsidiary of Post Holdings and one of the largest processors of value-added eggs in the world, announced a groundbreaking new partnership to bring the top-selling, plant-based JUST Egg to millions more consumers in the United States.
Under the arrangement, Michael Foods will be the exclusive manufacturer, supplier and distributor of JUST Egg to foodservice and food ingredient customers who are already familiar with their industry-leading egg brands such as Papetti’s, Abbotsford Farms and Davidson’s Safest Choice and are in search of a unique, plant-based egg product.
For over 100 years, the Michael Foods family of businesses have leveraged quality ingredients and cutting-edge processes to offer the finest products and solutions to their customers. This partnership adds...
Cargill Launches New Plant-Based Products in China
Cargill announced it is launching a series of plant-based products in China, bringing more quality protein options to the Chinese market. The launch includes products for foodservice and a consumer-facing brand PlantEver. PlantEver is expected to debut in the Chinese market at the end of June and be available online and offline. “Our plant-based protein products were developed through extensive consumer engagement and research. We combine our knowledge and expertise in R&D and innovation to create some of the best tasting products in the plant-based category,” said Jackson Chan, managing director of Cargill Protein China. “The launch is just the beginning, we look forward to continuing to innovate. Our customers in China can count on a partner with...
COVID-19 Impact on the Plant-Based Meat Market
According to MarketsandMarkets, the global plant-based meat market size is projected to grow from $3.6 billion in 2020 to $4.2 billion by 2021, recording a compound annual growth rate of 17.0% in the realistic scenario during the forecast period.
The pea segment is projected to be the fastest-growing segment in the plant-based meat market during the forecast period.
The use of pea in plant-based meat has gained significant prominence over the past two years, driven by companies such as Beyond Meat (US), R&S Blumos (Brazil), and other regional players who are...
Rabobank: Impact of Coronavirus on Southeast Asian Food & Agribusiness
Southeast Asia will face far-reaching challenges from the impacts of the coronavirus outbreak, such as economic decline, reduced out-of-home consumption, and supply chains disruptions, even beyond the lockdowns.
After panic buying, consumers will shift from foodservice to retail and – after a short, suppressed splurge (if any) – to recession-period spending.
Production will also be affected, albeit less, but transporting goods will continue to experience problems due to...
JUST Expands Partnerships Globally, Raises Capital & Adds Former Coca-Cola Executive
JUST announced a host of partnerships to manufacture and distribute its JUST Egg across North America, Latin America, Europe, and East Asia. This global infrastructure, which includes millions of additional points of potential distribution and access to production facilities on multiple continents, will provide the scale needed to meet the increasing worldwide demand for the product.
Included in this partnership announcement are South Korea’s food company, SPC Samlip; one of Southeast Asia’s largest food companies, Betagro Group; bakery company, Grupo Bimbo; one of Latin America’s largest edible oil and fat producers, Alianza Team; and local delivery platform, Delivery Hero. This infrastructure builds on a previously announced manufacturing and distribution partnership with...
Alternative Proteins See Impressive Growth on Menus
According to a recent webinar by Datassential, trending dishes are driven by a variety of factors, including global influences, mash ups, and plant based. Among these factors, plant based is especially driving several growing dishes. The research found that 44% of consumers are trying to increase their intake of vegetable-based protein. Meanwhile, vegan items have seen an increase of 621% in menu penetration over the past decade. However, consumers stated that plant-based or vegetarian diets are loved the most, while vegan diets are hated the most.
Products that attempt to mimic the texture and taste of meat are growing on menus as alternative proteins. The research found that 69% of consumers would at least occasionally order a plant-based meat if available. In the past four years, the plant-based burger’s menu penetration has increased by...
Taco Bell Introduces Veggie Mode
On March 12, Taco Bell officially activates Veggie Mode, a single-swipe feature that instantly transforms the menu to show only vegetarian items on self-service ordering kiosks nationwide. While most of the industry is celebrating plant-based with one single offering on their menus, Veggie Mode makes it easier than ever for consumers to gain instant access to Taco Bell's nearly 50 American Vegetarian Association (AVA)-certified items.
Taco Bell has also expanded its amount of AVA-certified vegetarian ingredients, now including fan favorites like Potato Bites, Chalupa shells and Hash Browns. As always, customers can further customize their orders while in Veggie Mode, with a total of over...
Impossible Foods Partners with The Halal Shack to Serve Halal Certified Cuisine
Impossible Foods has announced its latest national restaurant partner: The Halal Shack. With 8 locations in New York, California and Texas and 25 more locations in development nationally, The Halal Shack combines the best of Mediterranean and Middle Eastern flavors with a classic American spin for a delicious and unique dining experience. Impossible Burger meat will be available as a filling for any menu item, and can be added to Bowls, gyros, Wraps and Salads.
The Impossible Burger first became halal certified in 2018, and Halal Shack is the latest to benefit from this certification. The word “halal” derives from the Arabic word meaning lawful or permitted, as opposed to “haram” or prohibited. Halal meats are sourced and prepared in accordance with...
US Foods Announces Launch of Spring Scoop
US Foods announced the launch of Spring Scoop, “Raising the Bar: The Classics – Celebrated and Elevated.” The 25th edition of Scoop features products designed to help bar-and-grill operators easily get creative and innovate with their menus, with elevated, upsell-worthy versions of their traditional bar-and-grill fare.
As modern diners seek bolder flavors, new menu experiences and flexible dietary substitutions, adding new items to the menu and elevating the classics with on-trend ingredients is critical to maintaining a competitive advantage. In fact, 54% of diners consider new menu items important to their decision when...
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