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read moreAt $13.7 billion, Amazon’s proposed acquisition of Whole Foods Market is largest deal ever for a grocer and equates to a 10 times EV/EBITDA multiple, notes a report from BMO Capital Markets.
read moreAn interesting article in The Wall Street Journal today about the Aldi supermarket chain and the impact of the low cost retailer on British food retailers pointed out that the chain is expanding in the U.S. It's surprising however, that there is read more
While sales of food for at-home consumption at $147.3 billion totaled over 50% more than eating and drinking place sales in the first two months of 2015 according to The Food Institute, eating and drinking places’ share of overall food sales did increase 1.5 percentage points in the two month period at the expense of at-home food sales. (See our earlier blog
How would you like to know that 2.2% of your annual revenue was going to come from fees people pay to just to buy your products or services? There might be some administrative costs incurred but other than that, you would have a positive cash flow before actually selling anything. Does this sound good to you?
read moreIn the news reports about the $46 billion merger of Heinz and Kraft Foods, most analysts immediately noted that the new company would be the 3rd largest U.S. food company (or 5th largest in the world, depending on the source). However, much of the talk also centered on the zero-based budgeting plan that will be implemented at the new Kraft-Heinz, which will have nearly $30 billion in annual sales.
read moreFood Institute board member, C. Winston (Win) Taylor, will be feted at Saint Joseph’s University’s second annual Food Marketing Hall of Honor Day on April 21, for his achievements and contributions to the food industry. “This is a well deserved honor for Win, whose career in the food industry speaks for itself and whose passion to share what he has learned with others has made him a valuable asset for the entire industry,” commented Brian Todd, President and CEO of The Food Institute.
read moreThe nation's largest food retailer is three times more efficient picking groceries than Kroger while reducing out of stocks for online orders.
read moreLast year, McDonald’s tested a breakfast bowl with kale in Southern California. It was not surprising, considering that the trendy vegetable has been added to the menus of numerous more upscale quick-serve restaurants like Panera and has been very well received. This was testing the waters as the fast food giant moves to become a "modern, progressive burger company," as Chief Executive Officer Steve Easterbrook commented last year when McDonald’s began offering
Walmart is not the only competitor grocers have to look out for. When Darden Restaurants reported last week that it expects one-fifth of its Olive Garden chain’s sales will come from takeout as it initiates home delivery, grocery store operators near any of those nearly 850 locations should have taken note.
read moreAmericans are not spending more dining out than for groceries, contrary to a report by Bloomberg. They are, however, not always doing so at their local supermarket. The 87-year old Food Institute has been tracking retail sales of food for decades and restaurant and bar sales in March did outpace sales at grocery stores by about $2.54 billion. However, consumers spent about $25 billion more for...
read moreLooking at the latest personal expenditure data from the government, in 2014’s final quarter, consumers spent 9% less than the prior year on gasoline for their vehicles than the year before – or about $33 billion on an annualized basis. At the same time, however, they were apparently driving to restaurants much more as expenditures at eating and drinking places rose 7.4% –
Ambiguous laws can cause problems for businesses and individuals. This is borne out by the recent Supreme Court decision in Yates vs U.S. Much to the chagrin of federal prosecutors, the Court ruled on Feb. 25 that the anti-shredding provision of 2002's Sarbanes-Oxley law (Sarbox) does not apply to fish – something that most laymen...
read moreThe food industry is gearing up for the Millennials who recently surpassed Baby Boomers as the largest segment of the U.S. population but whose eating habits are much different. As noted in the upcoming Demographics Of Food Spending: Here Come The Millennials, from The Food Institute, 25-34 year-old Millennial households spent 45% of their food expenditures away-from-home in 2013 compared to just 37% for 55-64-year households – the tail end of the Baby Boomer...
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