PFG reports 3Q 2018 financial results

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.

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Opportunities abound for fast casuals, despite slowing growth: Report

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.

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Digital ordering served up restaurant-style by LevelUp, MonkeyMedia partnership

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.

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Three beverage trends to watch in 2018

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.

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Top 2018 food trends: National Restaurant Association Hot Chef Survey

2018 “What’s Hot” Chef Survey, American Culinary Federation..prevailing predictions, new cuts of meat, global breakfast, uncommon herbs

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D.C.-area fast-casuals make list of high-growth restaurant chains

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.

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Restaurant delivery helps restaurateurs grow business: culture of convenience

A report by AlixParters dispells the notion that loyalty is a main driver of restaurant tech influencing whether to patronize a restaurant. Instead, 40 percent and 35 percent of consumers say that online ordering and Wi-Fi, respectively, are the main tech-related factors in using a particular restaurant.

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