Restaurant owners find themselves in a better bargaining position, but some of the biggest considerations in selecting the right distributor partnership have become more complex. Competitive pricing, reliability, distributor perks, convenience and industry know-how are reflective of some of the most important considerations…Independent restaurants will outpace chain sales growth by nearly double (independents to grow +4 to +5 percent vs. chains’ +2 to +3 percent growth).Read More
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.Read More
Wharf DC: There will be some great opportunities for restaurants because people simply love dining on the water… lease consderations incredibly important.Read More
D.C.-based &pizza chain has received a new round of funding….RSE Ventures, a firm with ties to the Miami Dolphins NFL team has investedRead More
report this spring from Pentallect shows that independent restaurants are projected to gain more sales than chains in years 2017 to 2020Read More