Foodservice operators and distributors need to have facts at their fingertips every day to compete in a crowded marketplace where business requires knowing consumer trends as well how much that will cost. Foodservice members of the Food Institute will be able to:
Darden Restaurant-owned Olive Garden's same-store sales increased 3.5% for its second quarter ended Nov. 25, while Cheddar's Scratch Kitchen's same-store sales were down 4% from a year ago. Overall same-store sales increased 2.1% across Darden's eight brands, as LongHorn Steakhouse, Capital Grille and Eddie V's all saw same-store sales growth, while Yard House, Seasons 52 and Bahama Breeze recorded negative numbers, reported Orlando Sentinel. Full Story
Chick-fil-A could become the third largest U.S. restaurant concept in terms of sales in 2018, according to Kalinowski Equity Research. Kalinowski notes Chick-fil-A sales and traffic were up 15.5% and 10% in 2018, respectively. McDonald's and Starbucks earned the top two spots in 2017, reported MarketWatch. Full Story
Four Corners Property Trust acquired six Red Lobster restaurant properties for $25.9 million. The restaurants are located in Delaware, Indiana, Kentucky, Minnesota, Mississippi and North Dakota. Full Story
Mooyah Burgers, Fries & Shakes opened a location in Sudbury, MA, with another slated for Mansfield in early 2019. Full Story
Taco Bueno closed 12 locations in Texas and Oklahoma. Full Storyread more
The Food Institute and OFW Law are announcing a new food labeling review service, including a Class Action Risk Analysis. In addition to reviewing compliance with basic FDA requirements, OFW Law will review the risk posed by claims not defined by FDA such as “Natural,” “Handcrafted,” “Made with Whole Wheat,” “Contains Real Fruit,” “Wholesome,” etc. and...
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