Proteins take menu, marketing spotlight despite historically high costs

.

The trend is largely driven by millennials, who look at price value differently; they want it to be worth what they pay and they’re not willing to compromise on taste.

FEATURES


Domino's riding strong Q3 momentum

Gas prices tumble 30 cents in one month.

National gas prices hovering near 4-year lows

Domino’s Pizza shares hit a lifetime high after a positive Q3 earnings report.

Firehouse CEO: Restaurant industry dealing with unprecedented headwinds

Union activism, food costs, data breaches and minimum wage debates are just part of the 'external factors' facing restaurant operators.

A case for produce management

Produce is hard to benchmark what you should be paying on a regular basis because there is no regularity to the product category.

Wheat prices spike as gas falls

Wheat prices increased after weeks of decreasing prices.

Reducing food waste can improve the bottom line and the environment

A study commissioned by the Food Waste Reduction Alliance found that approximately 80 billion pounds of food are discarded into US landfills every year, with restaurants accounting for 37 percent of that waste.

Gas prices are at seven-month lows

Wheat prices also continue to plummet.

Beef O’ Brady’s overcomes franchisee skepticism to launch pizza program

The company spent three years testing ingredients, operations and ovens, and has experienced a sizable comp lift since adding pizza to its brand positioning.

Cheese prices up 10 cents in a week

Papa Murphy's stock is up $2 in two weeks.

Record-setting harvests push wheat to 4-year low

Wheat prices closed below the $6 mark twice last week, plunging to $5.68 on Friday.

See More »

NEWS


Restaurant Canada feathers ruffled by government's lack of transparency on chicken pricing

Restaurants Canada is calling on a government commission to be more transparent as it investigates the cost of production formula used in setting the price of Ontario chicken.

Culinary Software Services releases Cheftec Xt4

Culinary Software Services recently released ChefTec xt4, featuring simplified entry of Hazard Analysis & Critical Control Points information, a new EDI interface with FreshPoint and improved interfaces.

Latest SpenDifference study to forecast 2015 restaurant menu prices

Participants will be entered in a drawing to win a $100 Amazon gift card and will receive a complimentary copy of the findings.

Survey launched to track restaurant menu prices

Restaurant supply chain co-op SpenDifference has launched the latest survey in its menu price tracking study program. U.S.

NRA to participate in US Food Waste Challenge webinar

The webinar, sponsored by the US Department of Agriculture, will offer information on reducing food waste through food donation.

RMD Technologies teams with Verizon for new 'smart' temperature monitoring technology

RMD Technologies, LCC recently launched the D-Mometer and TAM Network, a "machine-to-machine" (M2M) solution that provides businesses and consumers real-time information on the time and temperature exposure of meats, produce and other perishable items.

Tyson’s tender offer for Hillshire set at $63 per share

Tyson Foods has commenced a cash tender offer for all outstanding shares of common stock of The Hillshire Brands Company at a price of $63.00 per share. The tender offer is being made pursuant to the previously announced merger agreement dated July 1, among the two companies. The tender offer period will expire at midnight Aug.

Report: 93% of restaurant chains plan to raise menu prices

This year's unexpected food cost increases will likely to force chain restaurants to raise menu prices even as competition gets tighter. A new report from supply chain co-op SpenDifference shows that sharp increases in commodities have raised concerns that consumer food-inflation could reach 3 percent by the end of this year.

Tyson submits bid to buy Hillshire for $8.55B

Tyson Foods Inc. today announced it has submitted a unilaterally binding offer to acquire all outstanding shares of The Hillshire Brands Company for a price of $63 per share in cash.

(Updated) Tyson Foods expresses interest in purchasing Hillshire Brands

The Hillshire Brands Company issued the following statement in response to the unsolicited proposal by Tyson Foods on Thursday to acquire Hillshire Brands for $50 per share in cash. “Consistent with its fiduciary duties, and in consultation with its independent...

Restaurant chains ready to pull the trigger on menu price hikes

The majority of America’s chain restaurants held the line on price hikes the first part of the year but plan to start raising them, according to a new survey from SpenDifference, a restaurant supply chain co-op. The survey included nearly...

Pork prices expected to continue climbing due to virus

Due to the spread of a virus (PEDv) affecting hogs, pork supply shortages are expected in many countries in the near term. According to the Rabobank Pork Quarterly Q2 report, the ongoing spread of the virus in the Americas and...

Study: Charging for condiments will drive away consumers

With pressures from rising food costs, restaurant operators are seeking ways to increase check size without increasing the cost of popular menu items, but charging for condiments won't be the easy fix, according to new research from The NPD Group....

Toolkit published to help operators reduce food waste

The Food Waste Reduction Alliance has published the Best Practices and Emerging Solutions Toolkit to help foodservice businesses reduce food waste. The FWRA is a cross-sector industry initiative led by the Food Marketing Institute, the Grocery Manufacturers Association and the...

Report: Consumption shift in beef requires more cost control

Rabobank has published a new report on the U.S. cattle industry, calling for changes in the way beef is produced in order for the industry to remain competitive. In the new report, "Ground Beef Nation," Rabobank says that changing consumer preferences and a production model tailored to production of top-shelf steaks has put the U.S.

See More »
None