This Week in Foodservice provides a high-level summary of the economic data, financial news, menu updates and numerous other statistical packages and developments that impact foodservice operators, consultants, dealers, manufacturers, reps and service agents. In his weekly blog, Jerry Stiegler aggregates key industry data through his infamous Green Sheet and provides some brief analysis that will help foodservice professionals navigate the sea of information. Jerry is a long-time member of the foodservice industry, whose experience includes working for Restaurants & Institutions magazine and FE&S.
U.S. retail sales inched up in February while restaurant and bar sales edged down. Tim Horton’s franchisees are unhappy with their parent company. Legal Seafood will introduce a fast-casual concept. Food away from home prices continue to grow. These stories and a whole lot more This Week In Foodservice.
The National Restaurant Association reports restaurant performance declined in January. U.S. home sales had a good January. ReCount reports the number of restaurants are at a 10-year low. Survey finds the number of consumers eating out declined compared to three months ago. There is speculation on what Restaurant Business International plans for Popeyes.
Retail sales in the U.S. rose in January with restaurants outperforming most retail sectors. Popeyes Lousiana Kitchen will be purchased by Restaurant Brands International. The consumer price index for food was up in January with food away from home leading the way. Wendy’s investment in Arby’s pays off big. The Whole Foods grocery chain introduces a fast-casual restaurant concept. Starbucks tests ice cream. These stories and a whole lot more This Week In Foodservice.
Sysco reports sales increased. The use of local sourcing and organic ingredients increases food safety risks. The number of c-stores grew last year but at a very slow rate. Fast-food restaurant traffic was flat last year while traffic at other restaurants declined. Technology investment pays off for Panera Bread.
The National Restaurant Association reports December restaurant performance remained modest. Foodservice operators kept hiring in January. Walmart introduces another C-store concept. Technomic says takeout food meal sales are continuing to grow.
A cautionary tale about mobile apps. Despite strong sales, rising expenses force some New York City restaurants to close. Danny Meyer invests in two new concepts. McDonald’s CEO looks to technology to drive business improvements. These stories and a whole lot more This Week In Foodservice.
The National Restaurant Association says restaurant performance showed slight improvement in November. A research firm predicts a lean year for restaurants. McDonald’s new HQ will lease space to suppliers. Chains will work with the National Retail Federation to train employees. McFlurry lovers are frequently out of luck.
Retail sales were up last month but restaurants saw a sales decline. Hiring foodservice employees is getting tougher. McDonald’s plans to franchise its China operation and now wants to do the same for Japan. Applebee’s and IHOP are planning major overseas expansion.
The No. 1 foodservice chain will be … Starbucks? Operators continued to hire in December. The NPD Group sees restaurant traffic stalled this year. Prediction is that menu prices will remain high but restaurants will offer deals and promotions. Well known Wall Street analyst Mark Kalinowski predicts that Starbucks will increase its restaurant count by 8.4 percent and same-store sales by +5.0 percent in 2017. Further, he believes some time in the future Starbucks will have the industry’s largest market capitalization, bypassing current leader McDonald’s.