Cancel OK

Restaurant industry projected to add 525,000 summer jobs

- General News
This is the first time on record that demand has reached this level two summers in a row.

Sysco outlines growth strategy at 2024 Investor Day

- General News
Sysco Corporation, the world’s largest foodservice distributor, hosted its 2024 Investor Day at the New York Stock Exchange (NYSE) to present an update on the company’s growth strategy and highlight initiatives that improve how the company serves its customers while delivering consistent financial performance.

Unilever Food Solutions releases foodservice trends report

- General News
Unilever Food Solutions (UFS) unveiled Future Menus Top North America Trends 2024 report, which identifies top menu trends predicted to influence the restaurant industry in the coming years.

US Foods mourns loss of board chair

- General News
US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced today that Board Chair, Robert “Bob” Dutkowsky unexpectedly passed away today in his home in Florida at the age of 69.

Sysco opens distribution and culinary center in PA

- General News
Sysco Corporation, the leading global foodservice distribution company, today announced the grand opening of Sysco Allentown, a new 454,000 square foot, state-of-the-art distribution center in Northampton, PA.

Burger King owner acquires largest franchisee

- General News
Restaurant Brands International Inc. announced today that it has completed its previously announced acquisition of all issued and outstanding shares of Carrols Restaurant Group, Inc. that are not already held by RBI or its affiliates for $9.55 per share in an all cash transaction, or an aggregate total enterprise value of approximately $1.0 billion.

Popmenu study finds consumers spending less of monthly food budgets on restaurants

- General News
Consumers love restaurants — 64% said they would dine at or order from restaurants every day if they could manage it — but a prolonged struggle with inflation is tempering their spend and gratuities for staff.

US Foods releases Q1 report, closes acquisition

- General News
US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced results for the first quarter fiscal year 2024.

Report: Value gains importance as restaurant sales, traffic remain soft

- Analysis
March’s year-over-year (YoY) same-store sales growth was 0.1%. The good news is that this was the first month of this year the industry has been able to post positive sales growth.

Restaurant trend report finds consumers trading down, dining out less

- General News
Vericast's 2024 Restaurant TrendWatch report shows 60% of consumers surveyed will ‘trade down’ from a casual dining restaurant to fast food.