hake Shack reported its financial results for Q2 2018 in a company release and held an investor conference call August 2. Its total revenues, including licensing fees, increased to $116.3M, representing a 27.3 percent increase over the same quarter last year. Total operating store sales, including the impact of new stores, increased to $112.9M, a 28.3-percent increase from last year. Comparable store sales (“same-shack sales”) in Q2 increased 1.1 percent, compared to 1.8 percent decrease reported in the same period last year.
Fast casuals are the only segment in the restaurant industry that are growing traffic, says a report from NPD. The Chicago-based research firm has seen traffic grow 6 percent annually over the most recent five years. According to the NPD Fall 2017 ReCount restaurant census. The growth leaders among fast-casual chains included Chipotle, Panera, Panda Express, and Raising Cane's. Fast casuals have appealed to households with incomes of $100K or more.
Restaurant Business Online identified several up-and-coming chains in its Future 50. The data is based on 2017 information and estimates gathered by Technomic, Inc. The top five chains in the Future 50 comprise CoreLife Eatery, The Halal Guys, Wahlburgers, Maple Street Biscuit Co., and Honeygrow. Rounding out the top 10 are Bibibop Asian Grill, Babalu Tapas, Cava, Ahipoki Bowl, and Duck Donuts.
Performance Food Group Company today announced its third-quarter and first-nine months fiscal 2018 business results: otal case volume grew 0.8 percent Net sales increased 2.7 percent to $4.3 billion Gross profit improved 7.2 percent to $558.7 million... “We are pleased with our third-quarter net sales and profitability, said President and CEO George Holm.
According to its 2018 Top 250 Fast-Casual Chain Restaurant Report, total sales growth for the top restaurant chains in the segment was just 9 percent in 2017. In 2015, Technomic reported fast casual chain restaurants were growing sales at a 11.5-percent clip. Also unit growth rate in 2015 was 9.8 percent, but in 2017, growth was just 6.1 percent...As U.S. saturation nears, chains have opportunities in underdeveloped markets, including Australia, Mexico, Saudi Arabia, Spain.
Now, brands that operate on MONKEYTM can offer mobile ordering for takeout, delivery, and catering to their guests through LevelUp Broadcast, an extensive partner network of digital channels. This strategic integration will provide MonkeyMedia Software's network of more than 8,000 restaurants with access to an ever-increasing population of mobile users who order ahead for takeout, delivery and catering.
Three of the most exciting new healthy beverage trends for 2018...Healthier ingredients in drinks, juices, shakes, and smoothies...already enjoying massive popularity due to testimonials from health food advocates and social media influencers, juices and smoothies are the rage.
2018 “What’s Hot” Chef Survey, American Culinary Federation..prevailing predictions, new cuts of meat, global breakfast, uncommon herbs
Industry trade magazine Restaurant Business identified four Mid-Atlantic fast-casual restaurant chains that are growing at a quick pace. Cava is at the top of the area list with estimated sales of $26.8M, up 76.3 percent in sales in 2016 vs. 2015.