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.
The Federal Reserve surprised many by keeping interest rates near zero. Major chains are under pressure to spin off their real estate holdings but the IRS may intervene. Sysco has a three-year plan that includes focusing sales attention on independent restaurants. Foodservice prices continue to increase faster than overall consumer prices. These stories and a whole lot more This Week In Foodservice.
Restaurant sales remained moderately strong in August. Job openings hit an all-time high in July. Operators are not standing idly by while McDonald’s rolls out its all day breakfast program. Wawa says foodservice was the primary reason for the largest remodeling program in the c-store chain’s history. To escape expensive ground floor rents, New York City restaurants continue to lease upper floors. These stories and a whole lot more This Week In Foodservice.
McDonald’s all day breakfast requires new kitchen equipment. U.S. manufacturing struggles while employment data is mixed. Foodservice operators continue to hire. Subway plans a major shift in their strategy. These stories and a whole lot more This Week In Foodservice.
The Restaurant Performance Index chalked up a solid gain in July and operators continued to invest in equipment. GDP was up 3.7 percent in the second quarter. As the economy improves, operators find the labor market tightening. A study finds independent hamburger restaurants grew faster than the chains. These stories and a whole lot more This Week In Foodservice.
Casual restaurant sales in July slowed to a crawl. Restaurants experiment with different approaches to compensation, including price increases and no tipping plans, but finding the perfect system appears elusive. Activist Nelson Peltz of Trian lands two seats on Sysco’s board. Breakfast remains a terrific opportunity for foodservice. These stories and a whole lot more This Week In Foodservice.
Restaurants and drinking places are doing well according to the recent retail trade numbers. An expected ruling from the National Labor Relations Board could have serious consequences for the foodservice industry. Sysco outlines its strategy moving forward as the broadline distributor gets targeted by an activist investor. Is Subway too big? One school of thought thinks so. These stories and a whole lot more This Week in Foodservice.
Laggards for a long time, midscale restaurants have become one of the industry’s hottest segments. Despite encouraging top line job numbers a deeper look shows a few nagging weaknesses. Foodservice led the way in hiring last month. Sysco’s case sales indicate the broadline distributor may increase market share. More than a dozen chains report their comparable same-store sales. These stories and a whole lot more This Week in Foodservice.
The NRA’s Restaurant Performance Index retreated in June. The latest GDP estimate shows the economy continues to move ahead slowly. Foodservice group purchasing organizations grow in importance. The restaurant count shrank last year as the number of full-service independent restaurants declined. There are over a dozen comp store sales reports from major chains. These articles and a whole lot more This Week In Foodservice.
McDonald’s could be buying a lot of new equipment. Existing home sales hit an 8-year high while first time jobless claims hit a 40-year low. Fast food employees in New York State may be earning $15 an hour. These stories and a whole lot more in This Week In Foodservice.
Knapp-Track reports casual dining sales remain soft. Technomic says fast-casual operations are still charging along with build-your-own concepts leading the way. The NPD Group finds lunch traffic around the world shows improvement. Hispanics are a great target audience for foodservice. These stories and a whole lot more This Week In Foodservice.
U.S. retail sales unexpectedly fall in June. The NPD Group reports more patrons are choosing to eat in restaurants. The FDA has postponed menu nutritional data posting requirements until December next year. Meals served at full-service restaurants are no healthier than those served at fast food operations. These stories and a whole lot more This Week In Foodservice.