In this week’s food industry news in 2 minutes, we examine unique changes to back-to-school shopping behaviors this year.
Jersey Mike’s Subs plans to raise up to $1.09B through a U.S. IPO. The sandwich chain plans to sell 13.78M shares of Class A common stock as part of the initiative. The company has set an IPO price range between $21 and $25 per share, reported Yahoo! Finance. Full Story
And lastly, Domino’s Pizza reported quarterly revenue which edged past Wall Street estimates, but same-store sales hit a one-year low with a 0.1% increase during Q2. The company noted its supply chain revenues rose on higher order volumes from stores and a 2.2% increase in food-basket pricing, reported CNBC. 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.
Want to sponsor The Food Institute’s Fast Break podcast series? To discuss advertising options, contact FI’s Business Development/Sales Director, Paola Garcia ( paola.garcia@foodinstitute.com ), and Vice President, Content & Relationships, Chris Campbell ( chris.campbell@foodinstitute.com ).