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.
A Wall Streeter is bullish on restaurants in 2015. The housing market news was good in December. Should YUM spin off Taco Bell? McDonald’s financials remain weak while there is speculation on what Big Mac will trim from their menu. These stories and a whole lot more in This Week in Foodservice.
Retail sales weakened in December but restaurants showed a nice sales increase. Technomic reports diner traffic is up. Restaurant “real” sales should have been up last year. Various studies show confidence in the U.S. is improving.
Knapp-Track finds reasons for optimism among the casual-dining chains. Gallup’s Economic Confidence Index (finally) turns positive. Employment reports are pretty good and that includes foodservice hiring. These items and a whole lot more in This Week In Foodservice.
The NRA’s Restaurant Performance Index slipped in November. If it seems mergers and acquisitions were up last year in foodservice, you’re right. Wendy’s is taking one of their largest franchisees to court. These and a lot more stories in This Week In Foodservice.
November retail sales were stronger than anticipated while restaurant sales performed well, too. A study of minimum wage increase produces negative results. Sysco’s proposed merger with US Foods carries a steep penalty. This and lot more in This Week In Foodservice.
The employment picture brightened in November with foodservice doing heavy hiring. Is $2.00 a gallon gas in our future? McDonald’s continues to face struggles. Starbucks is broadening its menu. And a lot more.
The Restaurant Performance Index bounced back in October. Global fast food charges ahead. McDonald’s and KFC are doing a great job with social media. These stories and a whole lot more in This Week In Foodservice.
Third quarter customer traffic was flat, sales up, according to The NPD Group. Technomic looks for the Top 500 Chains to have a healthy increase in units. Sysco is planning on divesting assets to gain government approval for its US Foods acquisition. This and a whole lot more in This Week In Foodservice.
Restaurant sales looked good in October. The NRA says consumers spent more on food away from home but NPD says traffic is down. Godfather’s enters the chicken business. Steam grills prove their worth for an up and coming chain and a whole lot more in This Week In Foodservice.
New sales data from Knapp Track indicates casual restaurants may have turned the corner. Most of last week’s employment reports are positive while restaurant hiring comes on strong. Of the couple dozen chains reporting same-store sales, most are looking good. All this and more in This Week In Foodservice.
The NRA says September sales turned soft but gross domestic product did better than forecast in the third quarter. Sysco reports higher sales and profits.