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.
Restaurant sales slid in February, perhaps due to weather. Foodservice employee turnover continued to rise in 2014. Sysco notified the SEC that they are postponing the closing of the US Foods acquisition for 60 days.
Are humans soon to be obsolete in the kitchen? Foodservice hired at a hot pace in January. Fewer independent restaurants pulled down the overall number of foodservice locations last year. We will explore these stories and a whole lot more in This Week in Foodservice.
The NRA says January was a good month. Restaurant wages are heading up. Family dining chains are coming on strong. These stories and a whole lot more in This Week In Foodservice.
The good news about 2014 restaurant sales comes with a question mark. The Sysco/US Foods merger looks to be headed to court. Wait staff are far from getting rich but are also doing better than minimum wage. “I’m a drone and I’ll be your server this evening.” These stories and a whole lot more.
U.S. January retail sales slipped but restaurant sales started the year on a high note. Knapp-Track data shows casual restaurant chains did well in January, too. And the LA Times reported that minimum wage increases don’t force restaurants out of business but that other problems are created. These stories and more in This Week In Foodservice.
The U.S. employment picture brightens as foodservice continues to be a big factor in job growth. Other news this week in foodservice includes questions about the Sysco/US Foods deal, fast-casual continues to lead the way in traffic growth, and despite a rough January some bright spots may be starting to emerge for McDonald’s.
This week we compare 2015 forecasts from the National Restaurant Association and Technomic, look at projections for worldwide foodservice equipment sales and update Sysco’s latest efforts to gain approval of its deal to acquire US Foods.
A Wall Streeter is bullish on restaurants in 2015. The housing market news was good in December. Should YUM spin off Taco Bell? McDonald’s financials remain weak while there is speculation on what Big Mac will trim from their menu. These stories and a whole lot more in This Week in Foodservice.
Retail sales weakened in December but restaurants showed a nice sales increase. Technomic reports diner traffic is up. Restaurant “real” sales should have been up last year. Various studies show confidence in the U.S. is improving.
Knapp-Track finds reasons for optimism among the casual-dining chains. Gallup’s Economic Confidence Index (finally) turns positive. Employment reports are pretty good and that includes foodservice hiring. These items and a whole lot more in This Week In Foodservice.
The NRA’s Restaurant Performance Index slipped in November. If it seems mergers and acquisitions were up last year in foodservice, you’re right. Wendy’s is taking one of their largest franchisees to court. These and a lot more stories in This Week In Foodservice.