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.
Here are some takeaways for restaurants from the Consumer & Technology Conference. The latest estimate for 4th Quarter Gross Domestic Product improves but is still not encouraging. Technomic’s top 500 chains shows continued growth. CKE’s CEO says foodservice will continue to develop technology at the expense of entry-level workers. Retailers are increasing their penetration into the foodservice market. These stories and a whole lot more This Week In Foodservice.
Government research shows restaurant sales increased in February. Quick-serve restaurant traffic was up in most countries in the fourth quarter. Prices for food away from home continued to rise in February. These stories and a whole lot more This Week in Foodservice.
Casual dining chains were flat in February. The National Restaurant Association shows restaurants are a source of good jobs. More restaurants are owned by women. What can Chipotle learn from the Jack in the Box food poisoning in the 1990s? These stories and a whole lot more This Week In Foodservice.
How are the major foodservice suppliers doing? Operator’s hiring roared ahead in February. Bloomin’ Brands say they are committed to Bonefish Grill. Thornton’s C-stores make a commitment to foodservice in the Chicago market. These stories and a whole lot more This Week in Foodservice.
A Smashburger executive compares fast casual and fast-food operators. U.S. restaurant count declined last year. A dozen chains reveal expansion plans. These stories and a whole lot more This Week in Foodservice.
Forecasts predict moderate restaurant industry sales increases for 2016. Jack in the Box says competitive activity hurt its financial results. Sysco makes a major acquisition overseas. These stories and a whole lot more This Week in Foodservice.
Restaurant sales soften in January. What restaurant chain gained the most as a result of Chipotle’s troubles? Prepared food delivery business shows impressive growth. The National Restaurant Association says the industry will hire 300,000 more employees this year. Starbucks introduces a new upscale version. These stories and a whole lot more This Week in Foodservice.
Rounding up Chipotle news from the past week. Foodservice employment surged in January. Wendy’s pledges to cut energy usage by 20 percent. Furniture retailer Ikea becomes a destination restaurant and much more!
Incentives are the norm for selling franchises. Economic expansion slowed to a crawl in the fourth quarter. Pizza Hut is investing in new ovens. Olive Garden takes their catering program nationwide. Seattle’s $15 minimum wage is being challenged in court. These stories and a whole lot more This Week in Foodservice.
Where did Chipotle’s customers go? Food away from home prices continue to increase faster than at retail stores. McDonald’s operators find all day breakfast works as fourth quarter sales improve. These stories and a whole lot more This Week in Foodservice.
Restaurants ended 2015 with another month of strong sales in December even though overall retail sales were down. The Christmas selling season turned out to be a good one after all. A Wall Street firm is very bullish on Restaurant Brands International. The Sheetz C-store chain is raising store employees' wages. Are there negative aspects to increasing breakfast sales? One industry observer thinks so. These stories and a whole lot more This Week in Foodservice.