The latest FI Fast Break podcast examines how the overabundance of discounts is actually working against many fast-food chains these days.
Elsewhere, a chicken supply surplus is depressing wholesale prices and squeezing major producers’ profits. Offerings of boneless chicken breasts, wings, and thighs have ramped up this year, but consumer demand for beef hasn’t cooled, leaving producers with a surplus, reported The Wall Street Journal. Full Story (Sub. Req.)
In other news, are cheap deals no longer working for fast-food companies? The strongest Q2 performers chose to pair bargains with menu innovations, quality improvements, and a smoother customer experience, reported Reuters via AOL. Full Story
Meanwhile, McDonald’s is officially entering the energy drink space on Aug. 17 with the launch of its Red Bull Dragonberry Energizer. The chain will also begin serving 8.4-oz. cans of Red Bull at its restaurants. Full Story
Food industry CEOs allegedly petitioned the Trump administration to delay publication of a proposed definition for ultra-processed foods, according to sources. The leaders reportedly argued that the white paper’s release would increase both litigation risk and costs while hurting business, reported Bloomberg. Full Story (Sub. Req.)
Domino’s is betting on solo dining with its new Detroit-style Domino pizza, targeting customizable, portable occasions as pizza competition intensifies across QSR, convenience, foodservice, and retail markets. FI Focus
And finally, Dunkin’ has brought back its 48-oz. Iced Beverage Buckets for a limited time. The chain also debuted a Dunkin’ Iced Beverage Bucket Holder that fits into a standard car cup holder. Full Story
The FI Fast Break podcast provides the F&B industry with a quick-hitting update regarding impactful news. The podcast aims to keep F&B business leaders up to date on news that can help them stay a step ahead of the competition. This type of content is just a preview of the type of need-to-know info FI members are provided on a daily basis. For more information on FI memberships, please click here.
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