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Cargill Predicts Food Trends for 2020

Consumers connection to their foods is driving change across supply chains throughout the food system. When considering the protein industry, innovation, convenience, nutrition, transparency, and sustainability are leading to new practices and products. Cargill has provided 10 trends influencing what, how, and the way consumers are expected to eat in the year 2020.

1. Growing appeal of protein 

U.S. consumers have a growing appetite for protein, with 55% of U.S. households saying high protein is an important attribute to consider when buying food. In fact, 65% of consumers often or always think about protein in their diets and...

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Jan 17 1:56 PM, General News



NPD Group: Holiday Cheer Spurred Transaction Gains for Quick Service Restaurants in December

Quick service restaurant (QSR) chains, which represent the bulk of industry transactions, had four consecutive weeks of transaction increases in the retail month of December (December 2 through January 5) and were the primary contributor to the total industry gains in the month, reports The NPD Group. Casual dining chains, on the other hand, began the month stable but saw transaction declines in the last three weeks of the month. Midscale/family dining chains, despite a drop in the last week, finished the month flat, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and...

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Jan 17 9:46 AM, General News


Sysco Announces U.S. Launch of Sysco Simply Plant-Based Burger Patty

Sysco Corporation, the leading global foodservice distribution company, announced the launch of its Sysco Simply Plant-Based Meatless Burger Patty, a Sysco brand exclusive product. This innovative burger is now available to the company’s customers in the majority of its U.S. markets.

This plant-based burger is the latest offering from Sysco Simply, the company’s lifestyle brand designed to help foodservice operators meet growing consumer demand for flexible and customized menu choices. The Sysco Simply burger is a vegan, gluten-free, non-GMO soy patty with 18 grams of plant-based protein per serving, helping foodservice operators...

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Jan 17 8:23 AM, General News


Burger King Adds the Impossible Whopper to the 2 for $6 Lineup

Burger King restaurants are jazzing up the popular 2 for $6 promotion, now with the Impossible Whopper sandwich. Available for a limited time only, guests can choose between the Impossible Whopper, Spicy Crispy Chicken, Crispy Chicken and Whopper sandwich.

“We are excited to offer our guests a plant-based product like the Impossible Whopper as part of our 2 for $6 promotion,” said Chris Finazzo, President, North America, Burger King Corporation. “This unbeatable deal gives friends and family a new reason to come in and try the Impossible Whopper and other BK favorites at an amazing value.”

Burger King restaurants rolled out the Impossible Whopper sandwich with a patty made from plants nationwide last year following...

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Jan 16 9:46 AM, General News


Certified Angus Beef: Consumer Demand, Ample Supply Spur Growth 

For a mature brand, sales growth, particularly over several consecutive years, is far from guaranteed. Sure, having a high quality product helps. But sustained success takes intention, a focus on shared goals, and commitment from the entire community behind the brand, said John Stika, president of Certified Angus Beef LLC.It’s a recipe for achievement that succeeded once again for the Certified Angus Beef brand in fiscal 2019. For the 13th year in a row, the brand saw record global sales. It was also the 15th consecutive year of sales growth.

The brand’s global network of nearly 19,000 licensed processor, foodservice and retail partners marketed 1.25 billion pounds of product, a 3.1% increase—or an additional...

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Jan 15 9:53 AM, General News


TGI Fridays Kicks Off 2020 with Dinners for Two Starting at $20

TGI Fridays has announced it's kicking off 2020 by giving people the opportunity to get together more often, starting with its launch of Fridays Feast. Beginning January 13, guests can visit their favorite local Fridays and enjoy a complete three-course meal for two (two apps + two entrees + two desserts) starting at just $20. This menu offering is a delicious and affordable solution for guests who resolved to have more affordable together time with friends and family.

"We are excited to invite guests to come together over Fridays Feast," said Cindy Syracuse, TGI Fridays vice president of marketing. "Fridays knows a delicious meal at a great price offers a valuable opportunity for...

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Jan 15 8:14 AM, General News


U.S. Per Capita Availability of Red Meat, Poultry, and Seafood on the Rise

After falling from 148.6 pounds in 2004 to 133.5 pounds in 2014, the per capita supply of red meat, poultry, and fish/shellfish available for Americans to eat after adjusting for losses rose to 143.9 pounds in 2017. Red meat (beef, pork, veal, and lamb) accounted for 51 percent of 2017’s 143.9-pound total, compared with 42 percent for poultry (chicken and turkey) and 7 percent for fish and shellfish.

ERS calculates per capita loss-adjusted food availability in a given year by taking per capita supplies of food available for human consumption and adjusting for some of the spoilage, plate waste, and other losses in grocery stores, restaurants, and homes to more closely approximate consumption. Over 2015-17, beef had the...

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Jan 14 8:16 AM, General News


Sysco Announces Senior Leadership Changes to Accelerate Next Phase of Development

Sysco Corporation announced today that Tom Bené will be stepping down from his roles as president and chief executive officer effective January 31, 2020. Tom will stay on with Sysco as an executive advisor until March 1, 2020, to be available to assist with a smooth and orderly transition of leadership for the Company. The board of directors has unanimously elected Kevin Hourican as the Company’s new president and chief executive officer, starting on February 1, 2020. Kevin most recently served as executive vice president of CVS Health and president of CVS Pharmacy and is a proven business leader with...

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Jan 13 9:42 AM, General News


Popeyes Announces New Partnership with DoorDash

Popeyes today announced a new, nationwide partnership with DoorDash, bringing the Popeyes Chicken Sandwich and other fan-favorite menu items directly to customers’ doorsteps around the country. To celebrate the new partnership, Popeyes is thanking its loyal customers by giving away free Chicken Sandwiches exclusively through DoorDash for the next week only.

From January 13 through 19, customers who order $20 or more of Popeyes through DoorDash can receive a free Chicken Sandwich combo meal and a $0 delivery fee with code...

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Jan 13 9:30 AM, General News


Wingstop Appoints Mahesh Sadarangani as Chief Operating Officer 

Wingstop Inc. announced the appointment of Mahesh Sadarangani as Chief Operating Officer, previously Wingstop’s Senior Vice President of Channel Strategy, effective immediately. In his new role, Mahesh will be responsible for domestic operations and will continue reporting to Charlie Morrison, Chairman and CEO. Mahesh is replacing Larry Kruguer, who resigned on December 26, 2019.

With more than 20 years of operational leadership experience, Mahesh joined Wingstop in July 2019 from CEC Entertainment, the parent company for Chuck E. Cheese and Peter Piper Pizza. Most recently, Mahesh served as Chief Administrative Officer of CEC Entertainment and President of the Peter Piper Pizza brand leading strategy, revenue management, supply chain, and operations. Previous executive roles include...

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Jan 13 8:56 AM, General News


NPD Group: Most U.S. Consumers Read the Nutrition Facts Label

Food companies with annual sales of at least $10 million began following the federal government’s updated nutrition facts labeling rules on January 1. Since the majority of consumers, nearly 90%, do read the labels, it’s an important information source for them, reports The NPD Group.

The top two items consumers look for on the labels are sugars and calories, both of which had an update with the new labeling rules. Fifty-seven percent of consumers who read nutrition facts labels look for sugars, and 45% of adults say they look at the nutrition facts label to find information on calories, according to NPD’s Health Aspirations and Behavioral Tracking Service. On the new label, calories are...

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Jan 10 8:17 AM, General News


On The Border to Offer Tacos Featuring Beyond Meat 

On The Border Mexican Grill & Cantina is giving taco lovers a new tasty, plant-based protein option with endless opportunities.

On The Border is the first brand in its category to offer Beyond Beef, a delicious plant-based ground meat from Beyond Meat, in enchiladas, nachos and even unlimited Beyond Meat Tacos as part of its Endless Tacos offer.

Available from Jan. 6 to March 8, On The Border guests can try the all-new Beyond Meat Taco – featuring 100% plant-based ground Beyond Beef seasoned exactly like On The Border's seasoned ground beef, topped with...

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Jan 9 10:33 AM, General News


McDonald’s Expanding Trials of Plant-Based Burger in Canada

McDonald’s announced the trial of its Beyond Meat burger has expanded to more locations in Canada as it attempts to gain feedback on its new plant-based menu item.

The burger will be available in 52 restaurants in Southwestern Ontario, starting on January 14. The sandwich, dubbed, “P.L.T.” for plant, lettuce, tomato was introduced to test markets last September in 28 restaurants in Ontario and nearby regions.

“The initial test of the P.L.T. allowed us to learn more about guest demand and how to integrate this new menu item into restaurant..."

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Jan 9 8:49 AM, Urner Barry


Del Taco Brings Back Ground Turkey For a Limited Time

Del Taco Restaurants invites guests to eat (and spend) well with Del in the new year with the return of fan-favorite seasoned ground turkey, available for a limited time. Beginning today, guests can get two Turkey Del Tacos for just $3 at the company’s more than 580 locations nationwide.

Loaded with seasoned ground turkey, freshly grated cheddar cheese, crisp lettuce and fresh chopped tomatoes, all stuffed in a crunchy corn shell, the Turkey Del Taco offers the same craveable Del Taco flavor as the original. In fact, Del Taco’s lean turkey has all the flavor with 40 percent less fat than our seasoned beef.

“At Del Taco, we’re committed to offering menu options that allow guests to reduce the fat, without reducing the flavor – something that we know our guests are seeking...

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Jan 8 8:25 AM, General News


Burger King Tests the Impossible Croissan’wich

Burger King restaurants announces today it is testing the new Impossible Croissan’wich sandwich. Starting late January in select test markets across the U.S. market, BK guests can now get the same breakfast Croissan’wich sandwich they know and love with a plant-based patty. The all-new, limited-time-only Impossible Croissan’wich features a toasted croissant, egg, cheese and a seasoned plant-based sausage from Impossible Foods. This test makes Burger King the first restaurant to test Impossible Sausage made from plants on a breakfast sandwich.

Participating Burger King restaurants in Savannah, GA, Albuquerque, NM, Montgomery, AL, Lansing, MI and Springfield, IL will be testing the Impossible Croissan’wich. The Impossible Croissan’wich is made with...

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Jan 7 9:57 AM, General News


GrubMarket Completes Two New Acquisitions to Kick-Off Their Rapid Expansion Plans in 2020

GrubMarket today announced it has completed the acquisitions of Eating with the Seasons Inc and EJ Food Distributor Inc, two highly-reputable food companies with established customer bases across Northern California. Eating with the Seasons was founded in 2000 by Pat Herbert, a fourth generation farmer. His business originally consisted of offering weekly boxes of his farm's fresh and seasonal bounty. Two years later, Pat's daughter Becky Herbert, left her job in publishing to help market and promote the farm's produce, and through her innovative thinking and operational excellence, she created one of the nation's first customizable produce boxes for Eating with the Seasons. Since then, Becky has developed...

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Jan 7 9:49 AM, General News


REPORTER: Sustainability: The Deciding Factors For Consumers

The ways in which foodservice is delivering on brand promises to consumers are widening as sustainability is becoming increasingly important. While Nielsen expects shoppers to spend up to $150 billion on sustainable products by 2021, sustainability is starting to drive gains in categories from resource management to product packaging. On a global scale, 81% of consumers feel that it is “extremely” or “very” important that companies implement programs to improve the environment. Meanwhile, 70% of shoppers would “definitely” or “probably” change their consumption habits to reduce their personal impact on the environment... 

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Jan 7 8:26 AM, Urner Barry


Little Caesars Partners with DoorDash for Delivery

Customers can now get the value and convenience, and Crazy Bread they appreciate from Little Caesars in a whole new way: delivery. Further differentiating the company from its pizza chain peers, Little Caesars offers the same every day menu price whether pick-up or delivery and regardless of quantity -- bringing much needed affordability to delivered pizza. So, whether you want a single pizza or enough to feed a game-day crowd, Little Caesars is now geared up to deliver extreme value from thousands of stores throughout the United States. Delivery service is available for the full menu and during all store operating hours.

"We've seen such expensive and complex pricings throughout the pizza industry, and we think it's crazy!" said David Scrivano, President & CEO for Little Caesars. "Some chains require a minimum purchase to get their deals, or...

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Jan 7 8:20 AM, General News


Hooters Launches Meatless Wings Nationwide 

Meatless tacos, meatless burgers, now it's time for meatless wings! For the first time on the casual-dining stage, 318 Hooters restaurants across the U.S. are introducing meatless wings in a national launch – the Unreal Wings made with Quorn.

Hooters Unreal wings are made with Quorn's Meatless Wings, which are fried and then tossed in Hooters' classic sauces and dry rubs. From Original BBQ to Honey Thai Chili Pepper to Classic Buffalo, the Unreal Wings are vegetarian, non-GMO, soy-free and...

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Jan 7 8:20 AM, General News


Church's Chicken Adds New Items to Menu for a Limited Time

Church's Chicken is kicking off the new year with double the deliciousness, featuring a duo of limited-time offerings sure to appeal to the flavor seeker in all of us - without breaking the bank.

First is the all-new Handheld Chicken Pot Pie – a perfectly portable version of classic chicken pot pie, featuring all-white-meat chicken and mixed vegetables in a buttery and creamy sauce wrapped in a hot, flaky and golden fried pie crust. In addition, fans will celebrate the return of one of Church's most popular Down Home taste sensations – Buttermilk Ranch MegaBites – dippable, portable and juicy, all-white-meat chicken bites hand battered and...

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Jan 6 11:28 AM, General News


Aramark Names Thomas Ondrof as Chief Financial Officer

Aramark, a $16 billion global leader in food, facilities management and uniforms, announced today that Thomas Ondrof will join the Company as Executive Vice President, Chief Financial Officer, effective January 7, 2020, succeeding Steve Bramlage who will remain with the Company until April 3, 2020 in the role of Executive Advisor to assist in this transition.

Ondrof previously served as Chief Financial Officer with Performance Food Group, a $23 billion foodservice distributor. Prior to PFG, Ondrof spent 24 years at Compass Group North America, where he served in a variety of financial and...

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Jan 6 9:44 AM, General News


Yum! Brands to Acquire The Habit Restaurants

Yum! Brands, Inc. and The Habit Restaurants, Inc. announced that they have entered into a definitive agreement pursuant to which Yum! Brands will acquire all of the issued and outstanding common shares of The Habit Burger Grill for $14 per share in cash or a total of approximately $375 million. The board of directors of The Habit Burger Grill, acting on the recommendation of a special committee composed of non-executive independent directors, has unanimously approved the transaction.

The acquisition of The Habit Burger Grill will add an award-winning fast-casual concept with a loyal fan-base to Yum! Brands, the world’s largest restaurant company in terms of units and parent of the KFC, Pizza Hut and Taco Bell global brands. Founded in California in 1969, The Habit Burger Grill offers...

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Jan 6 9:34 AM, General News


Pollo Tropical Launches New Vegan Menu Items Featuring Beyond Meat

Starting today, Pollo Tropical is taking its bold flavors beyond chicken with the launch of a Vegan Tropichop and Wrap featuring a "picadillo" made with Beyond Meat.

The Vegan Tropichop gives guests a new way to enjoy one of their most popular menu items. This Tropichop includes your choice of White or Brown Rice, Pollo Tropical's famous Black Beans, and the picadillo made with Beyond Beef, all topped with sautéed peppers and onions. The Vegan Wrap also features Beyond Beef, your choice of rice, plus black beans and Pollo Tropical's sweet plantains wrapped in a tortilla. These options are launching at $4.49 and $4.09 respectively.

Pollo Tropical partnered with Beyond Meat to develop these plant-based options that are...

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Jan 3 9:20 AM, General News


Chipotle Innovates Lifestyle Bowls

Chipotle Mexican Grill announced today that it's rolling out a Supergreens salad mix nationally this week. Made of hand-cut romaine, antioxidant-rich baby kale and crisp baby spinach, Supergreens will replace the existing romaine-only salad base. This is Chipotle's second new menu item added in the last four months, following the successful launch of Carne Asada in September 2019. Chipotle has also made its grilled, Adobo chicken Whole30 compliant by switching the oil in its marinade, keeping the same great taste, but providing guests with specific dietary goals more options.

Chipotle was the first in the fast-casual industry to offer preconfigured, diet driven Lifestyle Bowls last year, which aided its digital sales growth to hit a $1B milestone recently. Statistics have shown that less than 25% of people stay committed to their new year's resolutions after 30 days, and...

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Jan 2 10:06 AM, General News


REPORTER: Chicken Sandwich Wars

This article was originally featured in the Winter 2020 Edition of Urner Barry's Reporter magazine.

Whether you’re a loyal foodie hungry for a new twist on an old favorite, or a chicken industry veteran who has weathered more than a few conflicts, almost everyone has heard of or were quite possibly impacted by the great chicken war of 2019. This past summer one certainly couldn’t tweet, turn on the TV, listen to the radio, or pop in your favorite fast food establishment without seeing or hearing some reference to the month-long marketing campaign turned social...

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Jan 2 8:51 AM, Urner Barry


Performance Food Group Company Completes the Acquisition of Reinhart Foodservice

Performance Food Group Company announced that it has completed the acquisition of Reinhart Foodservice, L.L.C. (Reinhart). With the close of the transaction, PFG is now positioned as one of the largest distributors in the U.S., with approximately $30 billion in annual net revenue and nearly 25,000 talented associates. PFG continues to expect to generate approximately $50 million of annual run-rate cost synergies in the third full fiscal year following today’s close. This is anticipated to result in low single-digit Adjusted Diluted EPS accretion in the first full fiscal year and low double-digit accretion expected in the third full fiscal year.

“We are excited to close the acquisition and welcome Reinhart’s many talented associates to the PFG family of companies,” said George Holm, PFG Chairman, President & CEO. “The Reyes family has built a strong business and...

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Dec 31 8:54 AM, General News


Axel Schwan Joins Global Leadership Team at Restaurant Brands International

Restaurant Brands International CEO Jose Cil announced that Axel Schwan will join the global leadership team of the company. Mr. Schwan was appointed the Regional President of Tim Hortons for Canada and the US in October.

"I am very proud to welcome Axel to the leadership team. I have worked closely with him in Europe, the U.S. and now in Canada and he has proven himself to be a valuable leader of our Tim Hortons business, as well as a strong leader of people and teams," said Mr. Cil.

Axel Schwan will add the Latin America region to his accountabilities. Other international Tim Hortons locations and...

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Dec 30 9:23 AM, General News


Performance Food Group Company Receives FTC Approval for Acquisition of Reinhart Foodservice

Performance Food Group Company announced that it has received approval from the Federal Trade Commission (FTC) to acquire Reinhart Foodservice, L.L.C. (Reinhart). PFG now expects to close the transaction on or about December 30, 2019, subject to the satisfaction or waiver of the remaining closing conditions.

“We are pleased to receive FTC approval to move forward with our acquisition of Reinhart Foodservice,” said George Holm, PFG Chairman, President & CEO. “This transaction builds upon our strong distribution platform and will provide us with greater overall scale and a diverse customer base, including independent customers. We expect this transaction to enhance our ability to help...

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Dec 24 9:44 AM, General News


Chipotle Debuts New Restaurant Design to Support its $1 Billion Digital Business

Chipotle Mexican Grill announced today that it's testing a new restaurant design to better support its billion-dollar digital business. The evolved design will be trialed in four new restaurants of the following types: an urban store front, a standalone restaurant with a Chipotlane and an endcap unit with a Chipotlane, in Chicago, Cincinnati, and two locations in Phoenix.

Additionally, the new restaurant design will be trialed in two retrofits in Newport Beach and San Diego. As part of its stage gate process, Chipotle will assess the performance of each restaurant for transactions, guest feedback, and ability to incorporate future menu innovations, among other metrics, before...

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Dec 23 9:42 AM, General News


Carl's Jr. and Hardees Introduce Beyond Meat All-Day Menu Items Nationwide

CKE, the parent company of Carl’s Jr. and Hardee’s, today announced that the company will expand its partnership with Beyond Meat, a leader in plant-based meat, with the introduction of new all-day plant-based protein options during breakfast, lunch and dinner nationwide.

“Since its debut less than a year ago, Carl’s Jr. has sold more than 6.7 million Beyond Famous Star burgers to-date, making it the most successful product launch in the past two years. We’re continuing to build on this success by expanding our Beyond Meat partnership to Hardee’s,” said Patty Trevino, Senior Vice President, Brand Marketing at CKE Restaurants. “As we head into 2020, the addition of these new options at both restaurants is...

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Dec 20 8:22 AM, General News


Technomic: Retail Foodservice Purchases on the Rise Compared to 2017 

Technomic found that 66% of consumers purchase prepared foods from retail at least three times a month, compared to 55% in 2017. Technomic’s 2019 Retail Foodservice Consumer Trend Report takes a look at what’s driving this growth, including recent retailer investments in foodservice menu variety and quality.

“Regularly scheduled grocery trips drive many prepared foods purchases as consumers appreciate being able to take care of grocery shopping while also having access to a freshly prepared meal or snack,” explains Bret Yonke, manager of consumer insights at Technomic. “Moving forward, full-service restaurant and food hall experiences will begin to...

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Dec 19 8:24 AM, General News


Daring Foods Launches Nationwide with Rastelli Foods Group

Daring Foods, the first plant-based chicken made from only five non-GMO ingredients, announced today its arrival in the US through a strategic partnership with family-run butcher and industry leading food service supplier, Rastelli Foods Group.

Through the multi-million USD deal partnership, Rastelli Foods Group will be the exclusive national distributor of Daring Foods; bringing its plant-based chicken to restaurants and retailers throughout the country. In addition, Rastelli's will support Daring's push into direct-to-consumer product delivery in February 2020 through daringfoods.com.

This marks a new chapter in plant-based alternatives – created from simple ingredients that customers will have no trouble recognizing, yet mimics chicken in...

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Dec 18 11:27 AM, General News


Taco Bell's 21 $1 Menu Offerings Lead the Way for Value in 2020

While the competition shrinks their dollar menus as small as the menu items on them, Taco Bell is bucking the trend by kicking off 2020 with 21 flavorful $1 offerings. Leading the way, the brand is reintroducing one of its most successful $1 menu items, the $1 Double Stacked Tacos in three craveable flavors. The Nacho Crunch, Chipotle Cheddar and Reaper Ranch Double Stacked Tacos will be available a la carte and in a $5 Cravings Box nationwide and for a limited time starting on December 26.

"It's more important than ever before that we give fans the craveable food they not only want, but can afford, and we've built our menu with some of our most innovative items from $1 to $5 to ensure there is...

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Dec 17 9:50 AM, General News


Dunkin’ Brands Names Scott Murphy President, Dunkin’ Americas

Dunkin’ Brands, the parent company of Dunkin' and Baskin-Robbins, today announced that Scott Murphy, formerly Dunkin’ U.S. Chief Operating Officer, has been promoted to President, Dunkin’ Americas. He assumes the role from Dave Hoffmann, who continues to serve as Dunkin’ Brands CEO. Additionally, Dana Reid has been promoted to Vice President, Field Marketing, Dunkin’ U.S.

Murphy, a 15-year veteran with the company, will have responsibility in his new role for all aspects of operations, restaurant development, franchising, field marketing, supply chain, and consumer packaged goods (CPG) for the approximately 10,000 Dunkin’ restaurants in North and South America.

“Scott is a rare leader who is both strategic and impactful. He inspires all who work with him through his vision, attention to detail, and ability to...

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Dec 13 9:11 AM, General News


Hunter Releases Annual Food News Study 

or the first time in the history of the HUNTER Annual Food News Study, a social media-led story broke through as the most memorable story of the year, with news of the Fast Food Chicken Sandwich Throwdown On Twitter ranking as 2019's No. 1 food news story. What's not new is the presence of fast food in the number one spot. From 2010 to 2019, nearly half of the top food news stories were related to fast food. Throughout the past decade, food safety, social policy and menu evolutions consistently made for memorable headlines, underscoring the impact fast food establishments have in food and contemporary culture.

"Americans are hungry for food news. Nearly half believe that food and nutrition stories are more important than other types of news stories," said Heddy DeMaria, Chief Insights Officer of HUNTER. "Our annual study not only helps to identify which stories are capturing the most attention but also measures...

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Dec 13 8:22 AM, General News


Mintel Announces Global Food and Drink Trends for 2030 

Mintel has announced three key trends that will shape the global food, drink, and foodservice industries over the next 10 years:

  • Change, Incorporated: Successful companies will be those that improve the health of the planet and its population.
  • Smart Diets: Technology will enable consumers to construct hyper-individualised approaches to physical and mental health.
  • High-tech Harvests: Consumer trust in food science and technology will strengthen as these become vital tools to save the food supply.

Expect to see consumers further prioritise plants in their diets, with the planet’s health in mind as much as their own. From beer made from...

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Dec 13 8:22 AM, General News


Survey Finds that Dining Experience Beats Convenience when U.S. Consumers Make Restaurant Choices

While Americans are addicted to the convenience that mobile devices offer, new research suggests that more consumers prefer to slow down and enjoy the in-restaurant dining experience over online ordering and delivery services. The research also found that food quality and consistency are what sway consumers' choices the most, when selecting a restaurant for either dining in or takeout.

A nationwide survey of more than 1,000 U.S. consumers by facilities management leader Vixxo found that two in three Americans still prefer dining in restaurants (62%) over takeout or delivery (34%). The findings – which were surprisingly consistent across all demographic groups – suggest that people prefer their meals to be...

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Dec 13 8:21 AM, General News


Technomic Releases 2020 Global Restaurant Trends 

The end of another decade offers a great opportunity to reflect on just how dynamic and fast-moving the restaurant industry truly is. Plant-based “meats,” third-party delivery apps, social media-friendly dining spaces—these were not much more than blips on the radar in 2010. But in 2020, they are essential and vital to the industry.

Looking ahead, expect to see many of last year’s macro trends evolve and mature, while quick-moving fads burn bright and fade. We can also expect the unexpected—a viral video that sparks the end of plastic straws, restaurant brands that mushroom from one to 1,000 locations seemingly overnight—all seems...

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Dec 13 8:21 AM, General News


NPD Group: Thanksgiving Week is Synonymous with Food but Not with Restaurant Transactions

Restaurant transactions for Thanksgiving week, the week ending December 1, were down 7% compared to same week last year (Thanksgiving was a week earlier in 2018), reports The NPD Group. Restaurant transactions declined by 8% for both the casual dining and quick service restaurant segments during Thanksgiving week, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale, and casual dining chains.

Midscale/family dining restaurants, which offer sit down breakfasts, pies, and other desserts, realized an 18% increase in transactions during Thanksgiving week compared to same period year ago. Restaurant transactions for...

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Dec 12 8:19 AM, General News


Nathan’s Famous Hires Industry Veterans to Lead Franchise Development and Operations

Nathan’s Famous, Inc announced yesterday the hiring of two industry veterans, Erik Mallon and Jim Hicks, to bolster its franchise sales and development teams. Both bring over 25 years of restaurant and franchise experience to the Nathan’s Famous brand.

Erik Mallon will serve as Senior Director of Franchise Development, and Jim Hicks assumes the role of Director of Operational Services and Training.

“The past year has been a busy one as we’ve readied Nathan’s Famous for new franchise growth and development," states James Walker, Senior Vice President, Restaurants. "Hiring these two industry veterans helps...

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Dec 12 8:18 AM, General News


McDonald’s Names Ian Borden as President, International

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

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

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

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Dec 10 11:40 AM, General News


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

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

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

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Dec 9 9:52 AM, General News


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

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

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

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Dec 5 10:04 AM, General News


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

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

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

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Dec 5 8:18 AM, UB Newswires


Postmates And TGI Fridays Announce On-Demand Delivery Partnership

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

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

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

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Dec 5 8:17 AM, General News


Restaurant Gift Card Use Trends Up

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

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

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Dec 4 9:31 AM, General News


Taco Del Mar Takes Beyond Meat Taco Chain-wide

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

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

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Dec 3 8:24 AM, General News


OpenTable Reveals Dining Trends for 2019

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

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

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

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Dec 3 8:22 AM, General News


Sonic Drive-In Sizes Up With the Biggie Cheese

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

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

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

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Dec 2 9:46 AM, General News


KFC Canada Introduces Plant-Based Chicken 

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

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

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

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Nov 27 11:45 AM, General News


Performance Food Group Company Appoints Three New Independent Directors

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

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

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Nov 27 9:20 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2020 Results

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

First Quarter Fiscal 2020 Highlights

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


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

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

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

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

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Nov 21 9:28 AM, General News


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

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

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

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Nov 21 9:23 AM, General News


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

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

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

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Nov 21 8:53 AM, General News


Michael Foster Joins Sysco Corporation as Chief Information and Technology Officer

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

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

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Nov 20 9:34 AM, General News


Aramark Reports Fourth Quarter and Full Year 2019 Earnings

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

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

Fourth Quarter Results

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

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Nov 19 10:06 AM, General News


October Retail Sales Grew 4.2 Percent Over Last Year

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

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

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

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Nov 19 9:51 AM, General News


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

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

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

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

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Nov 18 8:44 AM, General News


Packaged Facts: Consumer Use of Restaurant Coupons

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

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

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

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Nov 15 9:22 AM, General News


Shake Shack Begins Nationwide Delivery with Grubhub 

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

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

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Nov 15 8:55 AM, General News


Subway Restaurants Names John Chidsey CEO 

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

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

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

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

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Nov 14 9:08 AM, General News


NPD Group Releases Report on Eating Patterns in America 

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

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

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Nov 13 10:25 AM, General News


Sysco Acquires Hawaii-Based Armstrong Produce and Kula Produce

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

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

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

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Nov 13 9:22 AM, General News


Chipotle Extends Carne Asada Into Early 2020

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

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

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Nov 12 10:07 AM, General News


Technomic’s Take: 2020 Canada Trends

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

Marine Eats

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

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Nov 12 9:46 AM, General News


FAT Brands Inc. Reports Fiscal Third Quarter 2019 Financial Results

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

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

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

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Nov 8 10:13 AM, General News


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

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

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

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Nov 8 8:20 AM, General News


Performance Food Group Reports First-Quarter Fiscal 2020 Results

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

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

First-Quarter Fiscal 2020 Financial Summary

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

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Nov 7 10:08 AM, General News


Sysco Announces 2019 Corporate Social Responsibility Report

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

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

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Nov 7 8:23 AM, General News


Papa John’s Strengthens and Streamlines Management Team

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

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

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Nov 7 8:22 AM, General News


Papa John’s Announces Third Quarter 2019 Results

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

Highlights

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


The Wendy's Company Reports Third Quarter 2019 Results

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

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

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Nov 6 8:58 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Third Quarter

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

Third Quarter 2019 Financial Summary Compared to Third Quarter 2018

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


National Restaurant Association Unveils its Restaurant Industry 2030 Report

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

Key economic projections for 2030 include...

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Nov 5 11:32 AM, General News


US Foods Reports Third Quarter Fiscal 2019 Earnings 

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

Third Quarter Fiscal 2019 Highlights

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


Shake Shack Announces Third Quarter Financial Results 

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

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

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


Sysco Reports First Quarter Fiscal 2020 Results

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

First Quarter Fiscal 2020 Highlights

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

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

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Nov 4 9:54 AM, General News


El Pollo Loco Announces Third Quarter 2019 Financial Results

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

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

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


Aramark Celebrates National Sandwich Day with New Items

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

Super Sandwiches

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


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

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

Highlights for the third quarter of 2019 were as follows:

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


Postmates Partners with Dine Brands to Provide On-Demand Delivery

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

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

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

Full Story »
Nov 1 8:22 AM, General News


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

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

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

Full Story »
Oct 31 9:53 AM, General News




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