Top 5 Casual-dining Restaurant Chains by Sales
Olive Garden’s sales have bloomed even as the economy has wilted, topping the list of U.S. casual-dining chains in terms of systemwide sales.
Tag: sales
Walmart Earnings Seem Optimistic for The Food Industry. Its Strategy Might Not Be
Retail giant Walmart is hardly moving like a lumbering incumbent, but rather at a pace more like that of a startup. That seems a terrifying prospect for the rest of the industry, said FI’s resident stock analyst.
FI Live Replay: How I (Re)built The Stuckey’s Brand
When Stephanie Stuckey reclaimed her family’s roadside convenience-store business in 2019, it was a far cry from the 350-store operation run during the company’s peak years. Fast forward to 2022, and the Stuckey’s brand has …
FI Live Replay: Go To Market Strategies For Foodservice Companies
Watch the replay of The Food Institute’s recent livestream on Go To Market Strategies for Foodservice Companies. What are the most effective go-to-market strategies for foodservice companies in the post-pandemic environment? How can sales teams …
Fresh Berry Category Ripe for Summertime Success
Berries were a powerhouse throughout the pandemic and the category continues to thrive as convenience and nutritional appeal keep consumers coming back for more. According to an April report by IRI, fresh berries are the …
Bacon Battles Soaring Inflation with Innovation
As record high prices put a damper on bacon sales, retailers and producers are leveraging innovation to help drive consumer engagement. Per IRI data, dollar sales for bacon totaled $6.4 billion in the week ending …
Amazon Reports Higher Sales and Prime Membership Price Hike
Amazon sales continue to rise, with the e-commerce giant reporting fourth-quarter sales grew 9.4% to $137.4 billion. Notably, Amazon had its biggest-ever Black Friday to Cyber Monday holiday shopping weekend. Further, during the holiday season, …
FI Fast Break audio news: Nov. 10, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine changing consumer purchasing habits, the lunch day-part’s recovery at restaurants, and more. The Food Institute Podcast · FI Fast Break News – Nov. …
What’s Driving Beyond Meat’s Slide?
What’s going on at Beyond Meat? A week ago, the company’s stock price fell 12% after it warned that third-quarter revenue should come in at $106 million—far lower than its prior outlook and the nearly …
FI Fast Break audio news: Nov. 3, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we examine encouraging holiday retail sales news, and update trucking delays. The Food Institute Podcast · FI Fast Break News – Nov. 3, 2021 The …
Product and Technology Gap ‘Fill-ins’ to Continue Driving Agtech M&A
Despite the pandemic, 2020 was a big year for agtech M&A activity. According to AgFunder’s 2021 Farm Tech Investment Report, 37 agriculture technology M&A deals were completed in fiscal year 2020. As is often the case, …
FI Webinar Recap: What’s Driving Food & Beverage M&A Activity?
The food and beverage industry has seen no shortage of mergers and acquisitions of late, to put it mildly. And that begs the question: What, exactly, are the driving forces behind these transactions? In a recent webinar …
Restaurants Say Conditions Worse than Three Months Ago as Sales Slow
Over half of restaurant operators surveyed by the National Restaurant Association (NRA) say that business conditions are worse now than three months ago. At the same time, sales are sagging. Here’s a look at the …
Higher Food Prices, Lower Inventory Expected Through Holidays
According to industry experts, consumers can expect to see higher prices in the last quarter of this year in several grocery categories. Ingredient suppliers are seeing longer lead times because of issues like labor shortages …
Kombucha Gains in Popularity as Functional Beverage Market Growth Continues
Amid the growth of the “better for you” beverage category, one drink in particular has experienced massive gains. The kombucha category grew from $1 million in sales in 2014 to $1.8 billion in sales in …
Is the U.S. Cattle Oversupply Finally Cleared?
After a tumultuous year of COVID-related meat processor backlogs, is the U.S. beef supply finally evening out? One banking and financial services company thinks so: the U.S. oversupply of beef appears to have “finally cleared,” …
Digesting This Week’s Earnings from McDonald’s and Other Food Companies
With a slew of earnings being released over the past week, The Food Institute looked into which companies are thriving, as well as which companies are experiencing issues. EARNINGS ‘WINNERS’ McDonalds (MCD) Global comparable sales …
EARNINGS UPDATE: Coca-Cola Reports Strong Second Quarter Results
Coca-Cola Co. released its second quarter earnings this week—and sales rebounded faster than expected. HIGHLIGHTS: Net Revenues grew 42% Organic Revenues (Non-GAAP) grew 37% Operating Income grew 52% Operating Margin was 29.8% versus 27.7% in …
The Future of Catering? Panera Focusing on Remote Workers
Panera Bread is now catering to remote and hybrid employees as it moves to regain sales in the once high-ticket sector. The chain’s new program, Panera Connects, enables companies to host catered meetings regardless of …
EARNINGS UPDATE: McCormick Reports Strong Second Quarter Sales
McCormick & Co. today reported financial results for its fiscal second quarter ended May 31, 2021. KEY HIGHLIGHTS Sales rose 11% in the second quarter from the year-ago period. In constant currency, the company grew sales …
Customer Development Strategies in a Post-Pandemic Environment
FI Fast Break: May 27, 2021
This week, in The Food Institute’s quick-hitting, audio news podcast, we break down food shortages, a spike in organic food sales, and the recent uptick in automation. The Food Institute Podcast · FI Fast Break …
Chick-fil-A Turning to Food Trucks to Leave Pandemic Challenges in Rear-View Mirror
Fast-food restaurant chains are turning their attention to food trucks as a way to give pandemic-beleaguered franchisees an alternative channel to boost sales damaged by restrictions on the number of customers who can dine in …
Increasing Sales through Connected TV and Display Ads
Increasing sales through connected TV and display ads may seem difficult during a pandemic, but that’s precisely what Filippo Berio and Valassis set out to do. In this episode of the Food Institute Podcast, Filippo …
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Restaurants Seeing Signs of Recovery, Glimmer of Hope
There have been recent signs of recovery for the restaurant industry, but obstacles still need to be scaled before the industry is back to a full bill of health. RESTAURANT SALES SHOWING RECOVERY Restaurant sales …
Traditional CPGs Can No Longer Use COVID-19 Purchasing Trends as a Crutch for Growth
Throughout the pandemic, consumer packaged goods (CPG) companies benefitted from purchases of classic CPG items like canned vegetables, pasta, and coffee, as consumers stocked up during quarantine. However, as the country opens back up, CPG …
Danone Feels Pressure from COVID-19 and Weaker Sales
Danone is being pressured on three fronts: nondairy substitutes are failing to compensate for a slowdown in yogurt consumption, demand for bottled water has wilted, and infant formula sales have weakened due to slowing birthrates. …
Earnings Update: Sales Rising for Retailers Publix, Dollar Tree, and Grocery Outlet
Several retailers have released results for their final quarters of 2020, as well as their fiscal years. Among the noteworthy takeaways were the following: Publix says the pandemic increased fiscal 2020 sales by 12.1% Dollar …
Restaurant Earnings Show Continued Recovery
Foodservices’ latest quarters have seen mixed results as restaurants continue to cope with pandemic-related losses. In 2020, restaurant and foodservice industry sales fell by $240 billion, from an expected level of $899 billion, according to …
ADM Fourth-Quarter Profit Bolstered By Growth in Nutrition Segment
Archer-Daniels-Midland Company reported fourth quarter earnings of $687 million. Here are some highlights from the report: NUTRITION ADM’s Nutrition business delivered 24% year-over-year operating profit growth. “Our Nutrition business continued to harvest investments, lead in …
Restaurants Receive Boost from Stimulus, But Can it Last?
Restaurant chains are getting a sales bump from the latest round of stimulus money, but if patterns mimic the first round, the lift could be short-lived. STIMULUS IMPACT While the amounts given in the roughly …
Booming Online Chipotle Sales Open the Door for New Growth Areas
Chipotle’s online business soared during 2020, making up more than half of sales. With that, the digital boom is likely leading the company to consider more drive thrus and introduce breakfast options. DRIVE THRUS COULD …
Will Consumers Be Attracted to Buy Restaurant Gift Cards this Holiday Season?
Weak gift card sales could be an obstacle to full recovery for restaurant chains, reported The Wall Street Journal (Dec. 1). As COVID-19 cases rise, more restrictions are being placed on restaurants and less people …
Black Friday 2020 Online Sales Break All-Time Record
U.S. consumers spent an estimated $9 billion this year on U.S. retail websites for Black Friday, according to Adobe Analytics, reported AL.com (Nov. 28). The spend represents a 22% increase over a record $7.4 billion …
Beyond Meat’s Third Quarter Results Disappoint, while Foodservice Opportunities are Looking Up
Beyond Meat shares plummeted 22% in after-hours trading following the release of the company’s third quarter results, reported Yakima Herald Republic (Nov. 9). The company noted U.S. retail sales of Beyond Meat slowed in the …
Grocery Gains Could Evaporate Without Consumer Loyalty, But a Vaccine Looks Promising
Grocers’ COVID-19 gains with consumers could evaporate quickly in the year ahead, unless grocers refresh their approach to customer loyalty, according to a Bain & Co. report, reported CNBC (Nov. 9). The firm said that …