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Red Robin Gourmet Burgers Reports Results for the Fiscal Second 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 July 14, 2019.
Second Quarter 2019 Financial Highlights Compared to Second Quarter 2018
Aramark Tackles Game Day with 35 of the Hottest Items on Menus at NFL Stadiums
Game days are back and Aramark (NYSE: ARMK), the award-winning food and beverage partner of 11 NFL teams, is ready to welcome six million fans back to stadiums for the most awaited and delicious time of the year, football season.
Aramark, which serves more football fans than any other hospitality company, scouted recipes and food trends from coast to coast, to create new menus that reflect the flavor and tradition of the hometown teams and communities where they reside. Food trends and fan feedback guided Aramark’s culinary team through the off-season, which resulted in a fresh roster of...
Domino's to Open New Workspace Dedicated to Collaborative Innovation
Domino's Pizza, the largest pizza company in the world based on global retail sales, has spent years focused on cutting-edge technology created and built largely by teams at its World Resource Center in Ann Arbor. Those cross-functional teams now have a new space called Domino's Innovation Garage where they can collaborate on, create and test new ideas to take the brand to the next level. Domino's Innovation Garage, located at Domino's Farms in Ann Arbor, will celebrate its grand opening on Wednesday, Aug. 21.
"Domino's Innovation Garage is focused on accelerating Domino's spirit of creativity and collaboration," said Kelly Garcia, Domino's chief technology officer. "As a pizza company with a focus on technology, we want our team members to have a workspace that encourages experimentation and...
Dunkin’ Launches New Burrito Bowls
With autumn on the way, Dunkin’ is giving guests new innovative menu choices and returning fall favorites – perfect for powering through the change in season. Following the success of Dunkin’ Bowls, first available for a limited time earlier this year, Dunkin’ today launched new Burrito Bowls, served in two varieties full of delicious flavors, vegetables and protein for exciting new options for eating on-the-run. Dunkin’ is also delighting fans today by officially welcoming back its highly anticipated fall menu featuring all things pumpkin led by Pumpkin Flavored Coffees, new Cinnamon Sugar Pumpkin Signature Latte, baked goods, and more.
Introducing New Burrito Bowls
Available at participating Dunkin’ restaurants nationwide for a limited time, Dunkin’ is offering guests the choice of two new Burrito Bowls to pair with their favorite Dunkin’ beverages...
Revention and DoorDash Team Up to Offer On-Demand Logistics Services
Revention, the industry-leading provider of restaurant ordering and management solutions, today announced its partnership with the largest and fastest growing last-mile logistics platform in more than 4,000 cities in the United States and Canada, DoorDash.
This partnership will provide restaurateurs the opportunity to grow their business by offering on-demand logistics and/or streamlining existing delivery operations to accommodate for peak times, unexpected surge of orders, downtime, and service outside of standard areas.'
The Revention and DoorDash partnership will significantly expand operational efficiencies for restaurateurs, with potential benefits including...
Denny's Brings Back Super Slam Deal and Seasonal Offerings
Today, Denny's is giving America another chance to enjoy more breakfast items for less with the return of the $5.99 Super Slam. Back by popular demand, the Super Slam is made with high-quality ingredients featuring two fresh eggs, two bacon strips, two sausage links, crispy hash browns and two fluffy buttermilk pancakes. An optional upgrade to seasonal favorite pumpkin pancakes is also available for only 49 cents. The Super Slam delivers the variety and outstanding value that Denny's is known for.
"At Denny's, we pride ourselves on offering our guests high-quality options at unbeatable prices," said John Dillon, chief brand officer for Denny's. "Our $5.99 Super Slam delivers the unique and hearty breakfast flavors our guests crave, without having to overspend to enjoy something special. For breakfast, lunch, dinner and...
Taco Del Mar Goes “Beyond Meat” with New Taco Made with Plant-Based Protein
Taco Del Mar is introducing plant-based protein to its current vegetarian and vegan menu with its new Beyond Meat Taco. Beginning August 20, the taco chain will be testing its new offering at 10 restaurant locations, spread between Seattle, WA and Vancouver, BC.
The Beyond Meat Taco features the popular plant-based Beyond Beef Feisty Crumbles mixed with medium chipotle salsa, diced onions and minced serrano peppers, topped with shredded cheddar and Monterey jack cheese, shredded lettuce, pico de gallo and jalapeños served on warm corn tortillas. The plant-based protein is also available...
FAT Brands Continues Expansion in Pakistan With 5-Unit Development Deal
FAT(Fresh. Authentic. Tasty.) Brands Inc, parent company of Fatburger, The Last Great Hamburger Stand, announces today the development of five co-branded Fatburger and Buffalo’s Express concepts in Pakistan. In partnership with Crescent Star Foods (Pvt), the co-branded restaurants will increase the brand’s presence in Pakistan to six restaurants.
Hollywood's iconic Fatburger is best known for its mouthwatering, juicy burgers made famous by founder Lovie Yancey in Los Angeles more than 70 years ago. Each Fatburger is made-to-order with traditional fixings and delicious add-on items such as bacon, onion rings, cheese and egg. Buffalo’s Express further complements Fatburger’s menu offerings with...
Fast Food Ranked in Top 40% of All Industries in MBLM's Brand Intimacy Study
The fast food industry ranked sixth out of the 15 industries studied in MBLM's Brand Intimacy 2019 Study, which is the largest study of brands based on emotion. Brand Intimacy is defined as the emotional science that measures the bonds we form with the brands we use and love. Chick-fil-A rose to the #1 spot in fast food followed by Dunkin'. Starbucks dropped to third after ranking first for the previous two years. The top 10 for the industry was rounded out by: McDonald's, Taco Bell, Subway, Wendy's, Burger King, Chipotle and KFC.
Chick-Fil-A also ranked 10th in the overall industry. In addition to performing well in MBLM's study, the brand increased its revenue at a 15% annual rate from 2010 to 2018, while the industry as a whole only grew by 3.4%.1 In 2018, Chick-fil-A also reported more than $10 billion in revenue, its 51st consecutive year of sales growth.2 This correlates to the study findings, which revealed that...
Ruby Tuesday to Roll Out Two New Meals for a Limited Time
To reach both current and new guests capitalizing on the Ruby Tuesday commitment to flavor and freshness, Ruby Tuesday is rolling out the flavor-filled Cheesy Crunch Burger and Honey Crunch Chicken Sandwich across 460 participating locations for a limited time only, Aug. 19 through Sept. 23. Combining highly appealing ingredients that are both crunchy and spicy, the new items focus on big flavor at an everyday value price of $7.99.
“We want to create meals that highlight the brand’s belief that fresh is best, flavor is key and comfort is a must,” said Jenifer Boyd Harmon, chief marketing officer for Ruby Tuesday. “In addition, we wanted to remind consumers that Ruby Tuesday offers value you can count on without compromising...
Food And Beverage Industry Seen As Growth Market in U.S. Retail Real Estate Sector
A healthy appetite for food and beverage businesses continues to fuel significant growth in one of the hottest areas in the U.S. retail real estate sector, according to BBG, a leading due diligence commercial real estate firm.
In U.S. cities across the country, more restaurants, bars and grocery stores are opening or expanding operations to meet growing demand for these services, as a result of an ongoing demographic shift in how and where people live, work and play.
That has led to these businesses growing their share of total retail spending, from 24.3 percent during the past decade, compared with 22.7 percent prior to the 2007-2008 recession, according to one recent industry report. F&B sales now account for nearly...
Five Guys and Postmates Partner for National On-Demand Delivery
Postmates, the leader in enabling anyone to have nearly anything delivered on-demand, announced today that it has partnered with Five Guys to enable national on-demand delivery, including an integration with ItsaCheckmate. Five Guys and Postmates customers will now find Five Guys locations across the country integrated into the Postmates feed, making it simple to find your favorite burgers and fries.
"We are thrilled to launch our integrated partnership with Five Guys for on-demand delivery," said Dan Mosher, SVP, Merchant Lead, Postmates. "Five Guys is an incredible family-run business that has a dedicated following and is extremely popular on the Postmates platform."
The Postmates Data and Analytics team dug into the data to uncover these Five Guys Delivery Facts...
Applebee’s Nationwide Delivery Has Arrived
Applebee’s Neighborhood Grill + Bar just made dining at home or on-the-go easier, more convenient and more flavorful with Applebee’s Delivery℠ available at participating restaurants nationwide. Now, wherever you are, you can order online at Applebees.com or through the mobile app and Applebee’s Delivery, powered by DoorDash, will have your favorite mouthwatering Boneless Chicken Wings and Loaded Shrimp Fajitas delivered to your door hot and fresh. For those meals when you’re too tired to cook or just don’t want to pack the family in the car, Applebee’s Delivery has your back.
Applebee’s is celebrating the news in two big ways. First, hungry fans can take advantage of free delivery now through Sunday, September 1 when ordering Applebee’s Delivery. And to commemorate Applebee’s new partnership with NBC Sports’ Football Night in America, free delivery will continue...
Performance Food Group Reports Fourth-Quarter and Full-Year Fiscal 2019 Results
Performance Food Group Company today announced its fourth-quarter and full-year fiscal 2019 business results. “Fiscal 2019 was a successful year for PFG, and I’m very pleased with our team’s execution,” said George Holm, PFG’s Chairman, President and Chief Executive Officer. “Our strong top-line growth, combined with increased gross profit per case, led to profitability at the high end of our expectations for the year. Our core business segments delivered strong financial results led by Vistar’s double-digit EBITDA growth. Looking ahead to fiscal 2020, we believe our two recently announced strategic acquisitions position us well across our business and we expect fiscal 2020 to be another year of solid earnings growth.”
Fourth-Quarter Fiscal 2019 Highlights
FAT Brands Reports Fiscal Second Quarter 2019 Financial Results
FAT Brands Inc. today reported fiscal second quarter 2019 financial results for the 13-week period ending June 30, 2019.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased to report that the considerable growth in revenues was matched by an equally robust increase in adjusted EBTDA and that we leveraged our G&A expenses on our expanded top-line.”
Wiederhorn continued, “We are also excited to have closed on our acquisition of Elevation Burger in June. The brand is well-aligned with our own commitment to fresh, authentic, tasty food and we are confident that it has considerable opportunity to expand domestically and internationally with its organic, free-range, grass-fed offerings. Elevation Burger reflects another synergistic opportunity for...
Domino's Launches National E-Bike Program for Pedal-Powered Delivery
Domino's Pizza, the largest pizza company in the world based on global retail sales, knows a thing or two about pizza delivery, including the fact that cars aren't always the most efficient way to get hot, delicious pizzas to hungry customers. A bike is often a better solution to traffic congestion and parking challenges. Domino's stores across the nation will soon have the option to use custom e-bikes for pizza delivery through a partnership with Rad Power® Bikes – North America's largest e-bike brand.
"Domino's tested e-bikes in a number of corporate-owned stores across Houston, Miami and New York earlier this year, and those stores saw improvements in overall delivery and service," said Tom Curtis, Domino's executive vice president of corporate operations. "They also experienced labor benefits, as the stores were able to hire from a wider pool of candidates, including those who...
Yum! Brands Announces CEO Succession Plan to Drive Next Chapter of Global Growth
Yum! Brands, Inc. (NYSE: YUM) today announced that its Board of Directors has unanimously elected David Gibbs as Chief Executive Officer, effective January 1, 2020, and appointed him to the Company’s Board, effective November 1, 2019. Gibbs, 55, who currently serves as Yum! Brands President and Chief Operating Officer and oversees the global KFC, Pizza Hut and Taco Bell divisions, will succeed Greg Creed, 62, who has announced his decision to retire at the end of 2019 after a successful 25-year career with the Company.
“I’ve had the privilege of partnering with our franchisees to grow the three iconic brands within the Yum! Brands portfolio for over 30 years and am honored to follow in Greg’s footsteps,” Gibbs said. “It's thanks to Greg’s terrific leadership and innovative brand building during some of the most pivotal moments in our history that Yum! Brands has emerged as...
Applebee's Offers Handcrafted Burger Deal for a Limited Time
Applebee’s has mastered the art of crafting craveable burgers with its Handcrafted Burgers, which are made to order with premium toppings stacked high. Each burger at Applebee’s is made tastier and more flavorful with 100% fresh and never frozen ground beef, smashed on the grill to seal in the juicy goodness, and served with endless classic fries.
Leading the pack is Applebee’s own Quesadilla Burger, available for a limited-time price of only $7.99, starting today. The restaurant’s original creation is part burger, part quesadilla, piled high with Pepper Jack cheese, Applebee’s signature Mexi-ranch sauce, crispy Applewood-smoked bacon, house-made pico de gallo and shredded lettuce in a crisp, warm Cheddar quesadilla. To top it off, this limited-time deal also includes...
Nathan's Famous, Inc. Reports First Quarter Results
Nathan's Famous, Inc. (“Nathan’s”, the “Company”, today reported results for its first fiscal quarter ended June 30, 2019.
For the thirteen-week period ended June 30, 2019 (“first quarter fiscal 2020”):
Technomic: Beverage Category Ripe with Opportunity
Beverages have always played a significant role in foodservice and the category is continuously evolving. Technomic’s recently released Away-from-Home Beverage Study covers how consumer demands and business conditions have shifted within the past few years.
“Beverage growth has outpaced that of foodservice within the past few years thanks to innovative options such as nitro coffee, plant-based milks and other alternative beverages entering this space,” explains David Henkes, principal at Technomic. “Although challenges like third-party delivery are encroaching on beverage occasions, the category has a lot of opportunities available through offering a wide variety of innovative beverage options to their guests.”
Key takeaways from the report include...
Sodexo Launches Impossible Burger Menu at More than 1,500 U.S. Locations
Sodexo will be debuting a new product line featuring the Impossible Burger at more than 1,500 locations in the United States. The new menu will launch on August 19th with eight plant-based products, including a sausage muffin sandwich, sausage gravy and biscuits, steakhouse burger, and creole burger. The menu will be offered at colleges, universities, healthcare, and corporate services accounts.
Rob Morasco, Sodexo's Senior Director of Culinary Development, said, "Sodexo is committed to providing customers with more plant-forward and sustainable options as part of their diet, and we are excited to expand our menu to include the Impossible Burger's flavorful blend, which will...
Nielsen: Meet the New "Meat" Eater
Meat alternatives have made a big splash in consumer packaged goods (CPG), and sales are on the rise. But are manufacturers and retailers doing enough to educate consumers in this space? Getting consumers to try trendy plant-based foods is one thing, but encouraging long-term adoption and lifestyle change is another.
Today’s shoppers are, in many cases, omnivores, but they’re playing the field when it comes to exploring meat alternatives in their search for dietary protein. In fact, protein-seeking consumers are more likely than ever to consider all the options available to them. Nielsen Homescan consumer purchase metrics indicate that 98% of meat alternative buyers in America also purchase meat products. Conversely, 21% of U.S. meat buyers, also purchase...
The Wendy's Company Reports Second Quarter 2019 Results
The Wendy's Company (Nasdaq: WEN) today reported unaudited results for the second quarter ended June 30, 2019.
"We delivered another quarter of strong earnings growth and are pleased with our continued progress to build an even stronger foundation for the Wendy's® brand," President and Chief Executive Officer Todd Penegor said. "We are executing on our plan to accelerate same-restaurant sales in North America and drive global restaurant expansion, fueled by a healthy restaurant economic model . Our relentless focus on bringing every element of The Wendy's Way to life by providing...
Subway and Beyond Meat Unveil Partnership and the Beyond Meatball Marinara
Subway fans know they can customize their favorite sub to fit any lifestyle and now guests have even more options. Today, Subway unveils a new culinary innovation partnership with Beyond Meat to test exclusive plant-based protein options. Starting this September and for a limited time only, Subway restaurants will test the Beyond Meatball Marinara sub in 685 participating restaurants in Canada and the U.S.
The strategic collaboration with Beyond Meat reflects Subway's continued culinary innovation journey to offer guests even more best-in-class food experiences that they can only find at Subway restaurants. In the past month, Subway has announced exclusive partnerships to offer...
Papa John's Announces Second Quarter 2019 Results
Papa John’s International, Inc. (NASDAQ: PZZA)today announced financial results for the three and six months ended June 30, 2019.
Aramark Acquires On-Demand Food Delivery Service, Good Uncle
Aramark (NYSE:ARMK), a global leader in food, facilities management and uniforms, today announced the acquisition of privately-held Good Uncle, an innovative, app-based on-demand food delivery service that brings freshly prepared, restaurant quality meals to conveniently located pick-up points around college campuses. The addition of this concierge service to the Aramark portfolio furthers the company’s commitment to advancing innovation through culinary-and technology-driven solutions that better serve customers and clients.
“We are pleased to welcome the Good Uncle team to the Aramark family. As consumer dining habits evolve, we’re continually looking for new ways to disrupt the marketplace with innovative services,” said Eric J. Foss, Aramark’s Chairman, President and CEO. “Good Uncle strengthens our ability to offer...
Aramark Reports Third Quarter Results
Aramark (NYSE: ARMK) today reported third quarter fiscal 2019 results.
“Our performance in the third quarter was strong and broad-based, anchored in a relentless focus on innovative growth strategies that directly engage the millions of consumers we serve every day,” said Eric J. Foss, Aramark’s Chairman, President and CEO. "We continue to advance our brand and product offerings as part of our commitment to combine technology, convenience and curation across our portfolio. This disciplined approach, combined with the exemplary efforts of our global team members, drove solid year-to-date results, positioning us well to achieve our full year expectations.
“The foundation we are creating provides us with ample opportunity to infuse sales growth and optimize our investments to scale the business,” Foss added. “As a testament to our enhanced...
US Foods Reports Second Quarter Fiscal 2019 Earnings
US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the second quarter of fiscal 2019.
Second Quarter Fiscal 2019 Highlights
QDOBA Mexican Eats Launches New Keto, Vegan, and Double Protein Bowls
QDOBA Mexican Eats, a leading Mexican fast-casual chain, is adding three new chef-inspired bowls to its restaurants systemwide. Following the successful introduction of Impossible™ – a plant-based protein – to its menu, the brand continues to expand its lifestyle options to fit guests’ varying lifestyles. QDOBA’s latest creations include:
Shake Shack Announces Partnership With Grubhub for Nationwide Delivery
Shake Shack (NYSE:SHAK), the modern day “roadside” burger stand, today announced they have entered into an integrated partnership with Grubhub (NYSE:GRUB), the nation's leading online and mobile food-ordering and delivery marketplace. The partnership reflects Shake Shack’s long-term digital growth and innovation strategy to make its iconic food more accessible to consumers through an increasing number of channels.
Grubhub and its Seamless brand in Shake Shack’s hometown of New York City - will be Shake Shack’s national delivery partner with direct-to-POS integration for menu syncing and order submission. With Grubhub’s “Just in Time” technology, pickups by drivers will be timed to the moment an order is ready, resulting in faster delivery, fresher food and a better guest experience. Shake Shack will have access to enhanced tools to analyze...
Denny's Features Sirloin Steak in New Limited Time Offer
For more than 60 years, Denny's has been offering guests a variety of delicious and affordable menu items for breakfast, lunch, dinner and any time in between. And now, Denny's is dishing up even more value than ever before with its new Sirloin Steak & Eggs available starting today for only $8.99 ($10.99 in some markets), offering guests the perfect combination of breakfast and dinner for less.
For a limited time, guests can enjoy Denny's new Sirloin Steak & Eggs, featuring an expertly seasoned USDA choice sirloin steak, crispy hash browns and two fresh eggs. This winning combination is just one of many new and exciting menu items that has been added to the Denny's menu recently. 78 percent of Denny's menu has been updated to reflect new recipes, higher-quality ingredients and...
Innovation is Bringing New Excitement to the Burger Category in Canada
More Canadians today than a year ago say they’re ordering burgers from foodservice at least once a month, and the growth of the LSR burger category is outpacing the industry. In the 2019 Canadian Burger Consumer Trend Report, Technomic dives into the factors at play, including innovations such as plant-based burgers and unique flavour profiles.
“The bigger the burger category gets, the more important it is that operators maintain points of differentiation,” explains Charles Winship, manager of consumer insights at Technomic. “Responding to demands for plant-based options as well as spicier, bolder flavours will be critical as brands look to offer burgers that truly stand out.”
Ruth’s Hospitality Group Reports Second Quarter 2019 Financial Results
Ruth’s Hospitality Group, Inc. (the “Company”) (NASDAQ: RUTH) today reported unaudited financial results for its second quarter ended June 30, 2019.
Highlights for the second quarter of 2019 were as follows:
Net income in the second quarter of 2019 included $71 thousand in acquisition-related expenses associated with...
Restaurant Brands International Reports Second Quarter 2019 Results
Restaurant Brands International Inc. today reported financial results for the second quarter ended June 30, 2019.
Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."
"We are excited by the tremendous opportunity for restaurant growth in front of us, most recently highlighted by new partnerships we announced for Popeyes in China and Spain, and Tim Hortons in Thailand," continued Cil. "We are working closely with our restaurant owners to deliver an enhanced guest experience including...
Dunkin' Brands Reports Second Quarter 2019 Results
Dunkin' Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin' and Baskin-Robbins (BR), today reported results for the second quarter ended June 29, 2019.
"Continuing the momentum established earlier in the year, our second quarter performance was highlighted by double-digit sales growth of espresso, our national value platforms, and terrific consumer reception to our latest menu innovation, our better-for-you Power Platform. We're attracting a new consumer with both espresso and our Power Platform and will continue to bring more on-trend innovation to fuel guests throughout the day," said David Hoffmann, Dunkin' Brands Chief Executive Officer and President of Dunkin' U.S. "Additionally, as a result of...
Domino's Appoints Lisa Price Executive Vice President, Chief Human Resources Officer
Domino's Pizza, (NYSE: DPZ), the largest pizza company in the world based on global retail sales, today announced that Lisa V. Price will be joining the company as executive vice president, chief human resources officer, effective Aug. 26. Price will be a part of Domino's executive leadership team and will report directly to Chief Executive Officer Ritch Allison.
Price joins Domino's from Nordstrom, where she most recently served as senior vice president of human resources. From 2000-2015, Price had progressively more responsible roles in human resources at Starbucks Coffee Co., most recently as vice president of partner resources. With the exception of a year at Nordstrom in 2000, Price spent most of her career at Starbucks, joining the brand in 1994.
"Lisa brings extensive experience in both retail and restaurants to Domino's," said Allison. "She began her career in the stores at Starbucks and eventually worked her way up...
Burger King to Launch the Impossible Whopper Nationwide
Burger King restaurants announced today that it is bringing the plant-based Impossible Whopper sandwich nationwide this month. Starting on August 8, guests across the nation will be able to visit their local BK restaurant, or order for delivery via the BK App and through DoorDash, to try the Impossible Whopper for a limited time only and decide for themselves if it delivers the same flame-grilled, juicy craveability of the famous Whopper sandwich.
The Impossible Whopper is 100% Whopper, 0% beef. It features a flame-grilled patty made from plants topped with freshly sliced tomatoes and onions, crisp lettuce, creamy mayonnaise, ketchup and zesty pickles on a toasted sesame seed bun.
“We are really excited to be able to offer our new Impossible Whopper to our guests across the country at an unbeatable value for a limited time,” said Chris Finazzo, President, North America, Burger King Corporation. “Since we first launched our market tests in St. Louis in April, and...
Dine Brands Global Inc Reports Strong Second Quarter 2019 Results
Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the second quarter of 2019.
“Our strategy continues to drive significant improvements across key metrics. We have made important decisions over the last two years that have improved our fundamentals and enhanced our ability to deliver sustainable growth. We successfully completed a $1.3 billion refinancing of our securitized debt, replacing our 2014 fixed rate senior secured notes. We are also pleased to announce that Applebee’s franchisees agreed to extend the increase in the advertising contribution rate to 4.25% through the end of next year,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.
Mr. Joyce continued, “Our performance reflects the strength and stability of our highly franchised business model. While comparable same-restaurant sales at Applebee’s were lower than expected, these results are not indicative of...
The Cheesecake Factory to Acquire Fox Restaurant Concepts and Remaining Interest in North Italia
The Cheesecake Factory Incorporated (NASDAQ: CAKE)today announced that it has entered into definitive agreements to acquire Fox Restaurant Concepts (“FRC”) and the remaining interest in North Italia, reinforcing its leadership position in experiential dining.
“Since making our initial minority investments in North Italia and Flower Child in 2016, we have not only helped fuel the growth of both brands, but also developed a deep relationship with Sam Fox at Fox Restaurant Concepts,” said David Overton, Chairman and Chief Executive Officer of The Cheesecake Factory Incorporated. “We realized the true potential of this relationship as we worked through the integration process for our planned acquisition of North Italia. It became evident that the combination of two of the most experiential and entrepreneurial restaurant companies could drive greater value as one organization.”
Overton continued, “In turn, we have decided to bring together North Italia and Fox Restaurant Concepts, including Flower Child, with The Cheesecake Factory to reinforce our leadership position in...
Taco Bell Releases Statement Regarding Reduction in Antibiotics Used for Beef
Taco Bell recognizes consumers’ growing food supply concerns, including animal welfare and antibiotic resistance. Building upon its commitment to making its beef more sustainable from January 2019, Taco Bell has committed to reduce antibiotics important to human health in its U.S. and Canada beef supply chain by 25% by 2025. This new policy around its dominant menu protein, beef, will better protect human, animal and environmental health.
As part of this new policy, Taco Bell will also give preference to suppliers that are making measured reductions in their use of antibiotics important to human health, as defined by the World Health Organization, as well as suppliers that increase veterinary oversight when it is required to medically treat sick animals. Preference will also be given to...
Dunkin’ Brands Shares Progress Towards Sustainability Goals
Dunkin’ Brands Group, Inc. (Nasdaq: DNKN), the parent company of Dunkin’ and Baskin-Robbins, has published its 2017-18 Sustainability Report, providing a thorough overview of its sustainability progress and the ongoing commitment of its brands and its franchisees to create a positive impact for both customers and communities throughout the world.
Focusing on the key pillars of the company’s sustainability strategy – sustainable food, restaurants and communities – the report highlights Dunkin’ Brands’ recent efforts to serve both people and the planet responsibly by transitioning from foam packaging, offering...
Yum China Reports Second Quarter 2019 Results
Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC) today reported unaudited results for the second quarter ended June 30, 2019. Reported GAAP results include Special Items, which are excluded from adjusted measures. Special Items are not allocated to any segment and therefore only impact reported GAAP results of Yum China. See "Reconciliation of Reported GAAP Results to Adjusted Measures" within this release.
Second Quarter Highlights
White Castle Partners with Uber Eats to Expand Delivery
White Castle, the nation's first fast-food hamburger chain and home of The Original Slider®, today announced a new partnership with Uber Eats, offering online ordering and delivery to Cravers near more than 330 White Castle locations. Coinciding with the 15th anniversary of beloved film classic, Harold & Kumar Go To White Castle, White Castle and Uber Eats will be giving away up to 1 million Original Sliders – one 10 sack per customer (small order fee may apply on orders of less than $10) – to Cravers with their order through the Uber Eats app using promo code 1MILLIONSLIDERS beginning on July 30. The fast-food chain is also offering a new Harold & Kumar meal reflecting pricing from 2004 when the film was released. The meal is available to Uber Eats customers on July 30 and 31 and includes 30 Original Sliders, five small fries and four 21 oz. soft drinks for just $23.40.
Cravers can now order any of White Castle's coveted menu items, such as The Original Slider®, the plant-powered Impossible Slider, or even a Crave Case for those with the boldest of appetites, through the Uber Eats app. Beginning July 30, White Castle will be giving away...
Grubhub Reports Second Quarter 2019 Results
Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced financial results for the second quarter ended June 30, 2019. The Company posted revenues of $325 million, which is a 36% year-over-year increase from $240 million in the second quarter of 2018. Gross Food Sales grew 20% year-over-year to $1.5 billion, up from $1.2 billion in the same period last year.
"The team continued executing in the second quarter, adding thousands of new, high-quality independent and enterprise restaurants and growing our active diner base to more than 20 million," said Matt Maloney, Grubhub founder and CEO. "We are excited about the trajectory of our two-sided marketplace – both in terms of geographic diversity and depth in individual markets. Restaurants are increasingly valuing the incremental sales and...
Del Taco Restaurants Reports Fiscal Second Quarter 2019 Financial Results
Del Taco Restaurants, Inc. (“Del Taco” or the “Company”), (NASDAQ: TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal second quarter 2019 financial results for the 12-week period ending June 18, 2019. Del Taco also reaffirmed its previously announced guidance for fiscal year 2019.
Fiscal Second Quarter 2019 Highlights
Quiznos Launches New Pit-Smoked Brisket Sandwich
Quiznos has announced a mouthwatering new addition to its menu, a Pit-Smoked Brisket sandwich, available now for a limited time only. The Pit-Smoked Brisket sandwich is loaded with savory meat that has been smoked for 13-hours, and is topped with cheddar, pickles, red onions and a sweet and smoky BBQ sauce before being toasted to perfection in signature Quiznos fashion.
“Simply put, this flavorful brisket sandwich is a perfect example of the classic menu staples we carefully craft with the freshest ingredients, finest quality meats and unique sauces that satisfy guests’ cravings,” says Sheila Zimmerman, Vice President of Marketing, REGO Restaurant Group, owner of Quiznos. “Like all our sandwiches, the Pit-Smoked Brisket is made with...
Starbucks Reports Q3 Fiscal 2019 Results
Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June 30, 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.
“Starbucks delivered strong operating performance in the third quarter, further demonstrating that our ‘Growth at Scale’ agenda is working,” says Kevin Johnson, president and ceo. “Our two targeted long-term growth markets, the U.S. and China, performed extremely well across a number of measures as a result of our focus on enhancing...
Yum! Brands Appoints Taco Bell Division and Pizza Hut Division Chief Executive Officers
Yum! Brands, Inc. (NYSE: YUM) today announced that it has appointed Taco Bell Division and Pizza Hut Division Chief Executive Officers who each will assume global responsibility for driving their respective brand’s growth strategies, franchise operations and performance. With today’s announcement, each of the Company’s three global brand divisions will be led by a Chief Executive Officer.
Mark King, 60, former President of adidas Group North America, will join the Company as Taco Bell Division Chief Executive Officer, reporting to David Gibbs, President, Chief Operating Officer and Chief Financial Officer, Yum! Brands. King brings to Taco Bell and Yum! Brands extensive retail experience and an excellent track record driving growth, innovation, brand relevance and culture. In addition, Artie Starrs, 42, President of Pizza Hut U.S., is being promoted to...
U.S. Department of Labor Releases Productivity and Costs by Industry Report
The United States Department of Labor’s Bureau of Labor Statistics released its productivity and costs by industry in 2018 report. The report highlighted changes in the productivity of employees in various industries, along with the compensation workers receive.
The report provides statistics for merchant wholesalers that sell grocery and related products, food and grocery stores, and foodservice and drinking places.
The report highlighted various statistics, including an upswing in labor productivity for foodservice in 2018, which climbed by 1.6 percent. In the same industry...
Tim Hortons to Offer JUST Egg in Canada
Tim Hortons, which is owned by Restaurant Brands International, started offering alternative proteins earlier this year. The first plant-based item to be featured on the menu is Beyond Meat's alternative sausage for three breakfast sandwiches. The quick service restaurant recently began offering the Beyond Burger as well, the first burger to appear on the menu. Now, plant-based company JUST Egg has received its first fast-food deal with Tim Hortons.
Andrew Noyes, a spokesman for JUST, stated that "Canada is one of the most requested markets for JUST and we're excited to be able to offer our product at select Tim Hortons locations for this market test." Tim Hortons reported that the restaurant will...
Technomic: Shifting Definitions of Value Increasingly Include Food Quality and Service
Value remains a vital component in the path to purchase, with 76% of consumers saying it’s a very important factor when deciding where to dine. Technomic’s 2019 Value & Pricing Consumer Trend Report also reveals that roughly one-quarter of consumers say their definition of value has changed over the past two years, with food quality and service, in particular, playing an increasing role in the value proposition.
“As definitions of value continue to evolve, operators will need to renew their focus on meeting, if not exceeding, expectations across all aspects of the value equation—food quality, price, service and atmosphere,” explains Bret Yonke, manager of consumer insights at Technomic. “Moving forward, look for high-traffic, high-volume segments like fast food to further experiment with subscription models, such as...
Chipotle Announces Second Quarter 2019 Results
Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2019.
Second quarter highlights, year over year:
Starbucks Delivery to be Available Throughout the US in Early 2020
Today, Starbucks Coffee Company (NASDAQ: SBUX) announced plans to make Starbucks® Delivers available throughout the U.S. in early 2020 through an agreement with Uber Eats as the preferred delivery provider of Starbucks® items. The intention to expand follows an 11-market roll-out which demonstrated successful operational integration and received positive customer response to an effortless high-quality experience consistent with the Starbucks brand.
“We are driven to create new and unique digital experiences that are meaningful, valuable and convenient for our customers,” said Roz Brewer, group president and chief operating officer for Starbucks. “Partnering with Uber Eats helps us take another step towards...
Dunkin' to Offer Beyond Meat Products in Manhattan
The Big Apple is where Dunkin' and Beyond Meat are bringing their biggest breakfast news of the year, presenting a new plant-based menu option for Dunkin' guests in Manhattan. Dunkin' today announced a new partnership with Beyond Meat, one of the fastest growing U.S. food companies offering a portfolio of revolutionary plant-based meats, to introduce the Beyond Sausage Breakfast Sandwich, available now at participating Dunkin' restaurants in Manhattan with plans for a future national rollout. With the launch, Dunkin' is the first U.S. restaurant brand to Go Beyond™ traditional on-the-go breakfast choices by serving Beyond Breakfast Sausage.
The Beyond Sausage Breakfast Sandwich offers the delicious taste and texture millions of Dunkin' breakfast sandwich customers enjoy and expect with a juicy, savory breakfast sausage patty – but made with 100% plant-based ingredients and...
Popeyes Announces Agreement to Open More than 1,500 Restaurants in China
Today, Popeyes Louisiana Kitchen Inc. (Popeyes) announced an exciting new agreement to develop and open more than 1,500 Popeyes restaurants in the People's Republic of China over the next 10 years.
"We're very excited to grow the Popeyes brand in the Chinese market," said Josh Kobza, Chief Operating Officer of Restaurant Brands International (RBI), parent company of Popeyes. "We look forward to bringing our great tasting chicken, biscuits, sides and beautiful new restaurants to our guests in China with our partner...
IHOP Introduces Crispy Chicken to Expand All-Day Menu
IHOP® Restaurants announced today that it is further expanding its all-day menu by launching new, Buttermilk Crispy Chicken. Made with all-natural chicken breasts and a signature seasoning blend, the Buttermilk Crispy Chicken menu features eight delicious new menu items, ranging from savory to sweet and from breakfast to late-night.
The centerpiece of the new menu is Crispy Chicken & Pancakes, which combines three of IHOP’s hot, fluffy World Famous Buttermilk pancakes with four breaded and seasoned chicken breast strips to create what’s sure to become breakfast’s newest obsession. For a limited time...
McDonald’s Adds DoorDash as U.S. Delivery Partner
Today, McDonald’s USA and DoorDash announced a new partnership to expand the availability and accessibility of McDelivery beyond its current offering, launching first in the Houston, Texas area across more than 200 restaurants beginning July 29th.
“In a few short years, McDelivery, has become an important part of our growth and our customer-centric strategy,” said Chris Kempczinski, President of McDonald’s USA. “Building on the success of McDelivery in the US, we’re excited to make McDelivery accessible to customers on DoorDash, which is available in all 50 states and reaches...
Tim Hortons Expands Beyond Meat Offerings
After the successful launch of three new Beyond Meat® Breakfast Sandwiches last month, Tim Hortons is expanding plant‑based offerings to the lunch and dinner menu with two new, delicious Beyond Burgers. This marks the first time Tim Hortons has been able to include a burger on the menu because the burger patty is prepared in the same way as the Beyond Sausage™ patty for the new breakfast sandwiches.
The 100% plant‑based burger patty was developed by Beyond Meat to taste like a beef burger. The result is a truly satisfying burger experience that is now available at the nearly 4,000 Tim Hortons restaurants nationwide.
There are two Beyond Burgers for guests to enjoy from coast to coast...
Quick Service Burger Buyers Mix it Up Between Plant-Based and Beef
Plant-based burgers are increasingly finding their way on to quick service restaurants (QSRs) menu boards and customers are responding. There were 228 million servings of plant-based burgers ordered at QSRs in the year ending May, up 10 percent from a year ago, reports The NPD Group. With all of the buzz surrounding the popularity of plant-based burgers some are wondering if veggie burgers are closing in on beef burgers or if the growth of plant-based burgers corresponds to an increase in vegetarianism or veganism. Here are some answers.
Beef burgers are still by far the most popular burger ordered at QSRs. There were 6.4 billion beef burgers ordered at QSRs in the year ending May 2019, and although growth is flat compared to year ago, beef burgers are still...
Celebrate the Pizza Days of Summer with Domino's® 50 Percent Off Deal
The pizza days of summer are here and there's only one way to celebrate – with half off pizza! Domino's Pizza (NYSE: DPZ), the largest pizza company in the world based on global retail sales, is offering 50 percent off all menu-priced pizzas ordered online July 15-21.
"Summer is officially here, which means plenty of sun and fun, and pizza, of course!" said Jenny Fouracre, Domino's spokeswoman. "There's no better way to enjoy the nice weather than by grabbing a half-price pizza and savoring it..."
Wendy's Makes Summer Sizzle With Launch Of Baconfest
As the home of the #1 selling bacon cheeseburger*, and quite frankly, the Boss of Bacon, Wendy's is launching an epic bacon celebration – Baconfest. Why? Because Wendy's bacon is always worth celebrating and honestly, doesn't need a reason.
Starting today, Wendy's is kicking off Baconfest exclusively with DoorDash, offering its bacon-loving fanatics a free Jr. Bacon Cheeseburger and $0 delivery fee with a minimum of $10 Wendy's purchase for a limited time using code BACONFEST.** Free bacon and $0 delivery fee? Yes, please...
BJ'S Restaurant & Brewhouse Introduces Three Burger Flavors
Today, BJ's Restaurants, Inc. (NASDAQ: BJRI) announced the addition of three new flavors to their burger offerings with the introduction of two new Loaded Burgers, the Bistro Burger and the Mushroom Swiss Burger, in addition to the new Banh Mi Turkey Burger, which can be found on their lower-calorie EnLIGHTened Entrees® menu. Each burger is loaded with flavor and bursting with ingredients, so much so that they are literally more than a handful. Recent YouGov survey data1 found that there are five main techniques Americans have tried when faced with...
National Restaurant Association: Economic Outlook for 2nd Half of 2019 Remains Positive
Growth in the national economy slowed during the first half of 2019. Job growth averaged just 172,000 a month during the first six months of 2019, which was down from an average monthly gain of more than 223,000 jobs during 2018. In addition, consensus forecasts have U.S. gross domestic product (GDP) rising less than 2 percent during the second quarter, which would make the first half expansion the weakest two-quarter growth in more than a year.
To be sure, a slowing economy doesn’t mean a contracting economy...
Burger King Restaurants Introduces the $1 Crispy Taco
Taco-bout a surprise. Starting today, BURGER KING® restaurants are introducing a $1 Crispy Taco nationwide*. The Crispy Taco features a crispy, crunchy tortilla filled with seasoned beef, shredded cheddar cheese and crisp lettuce, all topped with just the right amount of our savory taco sauce. Perfect as a snack on the go, the Crispy Taco can also be added to any meal order for just $1.
In a new commercial, the BURGER KING® King travels to Austin, TX, a city known by some as the...
All You Can Eat Riblets, Chicken Tenders & Shrimp Is Back at Applebee’s by Popular Demand
Summer is officially here, and longer days and hot nights are the best excuses to ditch the kitchen and head out for dinner. Starting today, All You Can Eat Riblets, Chicken Tenders & Shrimp makes its triumphant return to Applebee’s® restaurants nationwide starting at only $14.99*.
With Double Crunch Shrimp joining the lineup earlier this year to make the ultimate All You Can Eat trio, we had to give it another chance to shine just in time for summertime...
Papa John’s Appoints Industry Veteran Jim Norberg as SVP and Chief of Restaurant Operations
Papa John's International, Inc. (NASDAQ: PZZA) today announced the appointment of Jim Norberg as its Chief Restaurant Operations Officer. Mr. Norberg will oversee the operations of Papa John’s corporate and franchise restaurants in North America.
Norberg, a Quick Service Restaurant (QSR) industry veteran, spent more than 30 years of his career at McDonald’s. His most recent role was Executive Vice President and Chief Operating Officer, where he managed operations for 14,000 U.S. restaurants.
During his time at McDonald’s, Norberg’s leadership was instrumental in unifying company...
KFC Celebrates National Fried Chicken Day with Free Grubhub Delivery July 4-7
Kentucky Fried Chicken® has announced free delivery through delivery partner, Grubhub, to celebrate one of our favorite days of the year, National Fried Chicken Day (July 6). And, because the Colonel thinks every occasion is a good time for a bucket of Original Recipe®, the fried chicken experts are celebrating with free delivery all weekend long (July 4-7) – just in time for the 4th of July holiday weekend.
Heading to a family picnic, summer BBQ or pool party? Give the grill a rest and let the Colonel take the stress out of holiday cooking with a bucket of Original Recipe®, KFC’s world-famous secret blend of 11 herbs & spices. Since its origination in 1940, the Colonel’s secret recipe has been often imitated, but never duplicated, and...
Packaged Facts: Retail Market for Meat Substitutes Now a Billion Dollar Industry
Major opportunities remain in meat and poultry, though not in the usual ways or for the usual players, according to U.S. Food Market Outlook 2019, a report by market research firm Packaged Facts.
Leading players have done much to innovate in meat and poultry with new and acquired products that offer premium farm-to-table experiences with authentic stories; organic ingredients; or grass-fed, free-range, and locally raised animals. Most importantly, they will continue to do so. Nevertheless, meat substitutes and alternatives have...
Technomic: Burgers Risk Losing Affordable Reputation
Burgers are often thought of as being more affordable than other menu items, but as prices continue to rise at a faster rate than the average entree, this view may start shifting. Notably, these price increases are true across a variety of burger types, including bacon cheeseburgers, veggie burgers and specialty burgers. Technomic’s 2019 Burger Consumer Trend Report examines the factors at play.
“Price increases are offering operators a form of relief as they struggle with rising labor and delivery costs, as well as limited growth through traffic,” explains Charles Winship, manager of consumer insights at Technomic. “But continued price increases for burgers could ultimately cut into perceptions around their affordability and push consumers toward other options.”
Hooters of America Acquired by Nord Bay Capital and TriArtisan Capital Advisors
Hooters of America, LLC (“HOA”, “Hooters” or the “Company”) announced today that Nord Bay Capital (“Nord Bay”) and its advisor TriArtisan Capital Advisors LLC (“TriArtisan”) have closed on a transaction to acquire HOA from H.I.G. Capital (“H.I.G.”), Chanticleer Holdings (NASDAQ: BURG) and other investors. Financial terms of the deal were not disclosed. As part of the transaction, the selling entities will each retain a stake in the Company.
Terry Marks, Chief Executive Officer, HOA commented: “The partnership with Nord Bay and TriArtisan comes at an ideal time for the company, bringing fresh partners with complementary skills and experience to support our next phase of growth to the benefit of...
Performance Food Group Company to Acquire Reinhart Foodservice
Performance Food Group Company (“PFG”) (NYSE: PFGC) today announced it has entered into a definitive agreement to acquire Reinhart Foodservice, L.L.C (“Reinhart”) from Reyes Holdings, L.L.C. in a transaction valued at $2.0 billion, or approximately $1.7 billion net of an estimated tax benefit to PFG of approximately $265 million. With annual net sales of over $6 billion, Reinhart is the second largest privately held foodservice distributor in the U.S. and is headquartered in Rosemont, IL.
“We are excited to announce the strategic acquisition of Reinhart and welcome them to Performance Food Group,” said George Holm, PFG Chairman, President & Chief Executive Officer. “I’ve known the Reyes family for nearly two decades, and...
REPORTER: Getting By Without Getting High
Cannabidiol, better known as CBD, has a medicinal history that dates back thousands of years. Used medicinally, CBD can help with issues such as chronic pain, anxiety, inflammation, depression, autoimmune disease, and neurological conditions, to name a few. What makes this market unique is that these products can be used topically or can be consumed orally.
When CBD first took off, it was mostly edible products, such as gummies or oils. However, with the popularity of these items continuing to grow, new edible products began to pop up in the market. From sodas to ice cream, CBD users have a variety of options to explore—and some restaurants are even jumping in on the fun. Fresh&Co, a fast-casual chain in New York, debuted...
Famous Dave's Announces Partnership with Beyond Meat
Famous Dave's is pleased to announce a partnership with Beyond Meat and will be launching a test of plant-based protein menu items in mid-August. The test will roll out initially in five locations, four throughout Colorado and one in Minneapolis, MN.
"For 25 years, our menu has included meat alternative options. In listening to our fans, we see tremendous opportunity to cater to their evolving palates and look forward to expanding the menu even further," said Jeff Crivello, CEO of Famous Dave's. "We remain committed to continued menu innovation and look forward to exploring delicious plant-based options for our guests."
The Famous Dave's culinary team has gone through months of testing, experimenting with different recipes and ingredients. The savory Beyond Meat test menu items will include...
Yum! Brands Names Chris Turner as Chief Financial Officer
Yum! Brands, Inc. (NYSE: YUM) today announced that Chris Turner, 44, will join the Company as Chief Financial Officer, reporting to Chief Executive Officer Greg Creed, effective August 8, 2019. In this role, Turner will assume global responsibility for finance, corporate strategy, supply chain and information technology.
Turner joins Yum! Brands from PepsiCo, where he most recently served as Senior Vice President and General Manager leading PepsiCo’s retail and ecommerce businesses with Walmart in the U.S. and more than 25 countries and across PepsiCo’s brands in the beverage, snack and nutrition categories. Today’s announcement...
Uber Eats Partners with Olo to Simplify Third-Party Delivery for Thousands of Restaurants
Uber Eats today announced it has partnered with Olo, the leading digital food ordering platform for the restaurant industry, to integrate directly into the point-of-sale (POS) of leading restaurant brands via Olo Rails. An important distinction for restaurant brands, this partnership allows orders placed by consumers on the Uber Eats website or app to be injected directly into the order stream at the restaurant, drastically improving order accuracy and operational efficiencies for restaurant operators.
“We’re excited to partner with Olo,” said Liz Meyerdirk, Uber Eats Global Head of Business Development. “This integration will streamline the Eats ordering experience and...
Grubhub's 'State of the Plate' Highlights Top Dining Trends of 2019
Grubhub released its “State of the Plate” report which breaks down America’s dining trends throughout 2019. Grubhub takes data from the 500,000-plus orders placed every day on its platform, and organizes them into different categories to help spot trends for 2019.
With winter and spring already wrapped up, Grubhub found some interesting findings, while their outlook for summer and fall provide some potential trends that could burst onto the scene when as the year moves forward.
Grubhub’s top takeaway involved...
Employed Americans Desire to Eat More Healthy Lunches
More than half (56%) of employed Americans who typically eat lunch during work hours struggle to eat a healthy lunch at work, and more than three quarters (77%) say they're more likely to make healthier decisions at other times of the day if they eat healthy at lunch, according to a new survey from the American Heart Association, the leading voluntary health organization devoted to a world of longer, healthier lives, and Aramark, the largest U.S. based food service company.
The survey was conducted online by The Harris Poll on behalf of the American Heart Association and Aramark as part of their joint initiative, Healthy for Life® 20 By 20, among 907 employed U.S. adults aged 18 or older who say they typically eat lunch during work hours.
"Understanding what employees are eating for lunch on a typical workday and what factors influence their choices helps us develop strategies to improve dietary intake with multi-level approaches through...
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