Potbelly Sandwich Works’ Post

🍔𝗠𝗰𝗗𝗼𝗻𝗮𝗹𝗱’𝘀 𝗮𝗻𝗱 𝗞𝗿𝗶𝘀𝗽𝘆 𝗞𝗿𝗲𝗺𝗲 𝗧𝗮𝗹𝗸 𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽🍩 Krispy Kreme announced on Thursday ongoing discussions concerning the expansion of its partnership with fast-food giant McDonald’s. For over a year now, the two restaurant chains have been exploring consumer demand for doughnuts among Big Mac enthusiasts in selected McDonald’s outlets in Kentucky. By March, the trial had extended to nearly 160 restaurants across Louisville and Lexington, with the broader test aiming to gauge customer demand and the impact of a larger-scale launch on restaurant operations. McDonald’s has been capitalizing on the popularity of coffee, a frequent companion to doughnuts, in an effort to increase customer footfall. Meanwhile, it has scaled back on bakery items such as cinnamon rolls and blueberry muffins. Krispy Kreme, known for its fresh doughnuts, has managed to increase prices without affecting sales, as consumers appear willing to spend on such affordable indulgences. Read the full story > https://lnkd.in/enpNB6XH #McDonalds #KrispyKreme #Partnership #RetailWire #Retail

It's exciting to see how the c-store space continues to evolve, especially where they invest resources when it comes to food service. We're seeing more and more c-store brands come through the Middleby Innovation Kitchen (if you haven't been yet, let me know, we'll get you a tour), or talking to us at events like NACS, National Restaurant Association & Restaurant Facility Management Association about their programs, and how those programs are evolving & expanding. Selling food, especially good food, makes sense and the data proves it: -- Casey's gross margin on prepped #foodandbeverage is around 60%, while margin on fuel is closer to 10% --They're the 5th largest pizza #restaurant in the US, and 75% of their in-store transactions don't involve fuel -- Circle K owner Couche-Tard, has set a target of increasing #food rev by a compound annual rate of 10% over the next 5 years Powerhouse Dynamics The Middleby Corporation #restaurants #retail Jeff McFarland Michelle Fronsee

"Convenience stores are all trying to grab a bigger piece of the food pie. Privately held Wawa launched a dinner menu in 2021 and has been expanding what’s on it, adding pizza in July. Casey’s added thin-crust pizzas to its menu earlier this year after realizing it was missing a piece of the customer base that only eats that variety. Thin crust now accounts for about 13% of Casey’s pizza sales. Texas-based TXB Stores, formerly known as Kwik Chek, has been expanding its family take-home selection, both hot and cold. CEO Kevin Smartt said those offerings took off during the pandemic. These include a $19.99 meal of a dozen tamales, Spanish rice and refried beans. Many of these chains drive hype through limited-time menu items and have loyalty programs on their apps through which customers can order delivery. Fuel and cigarettes historically were the mainstay of many convenience stores, but both are categories in decline. Gasoline sales volumes plummeted in 2020 and have flatlined below prepandemic levels due in part to ongoing improvements in fuel efficiency and rising electric vehicle sales. The Energy Information Administration is forecasting a slight drop in U.S. gasoline demand next year. But a shift to electric vehicles should go well with the food business if it means consumers spend longer stretches of time charging their vehicles. TXB, which has introduced EV charging stations in some stores, deliberately placed them near the outdoor dining facilities, according to Smartt.  Most convenience-store chains still have a fairly hands-off food strategy: It typically involves bringing in prepared chicken fingers, sandwiches and other menu items that are heated up in the store. This is the case for Circle K and 7-Eleven, though those chains also supplement their offers through adjacent restaurants. Selling freshly made food, as Casey’s, Wawa and TXB do, comes with potential for better loyalty and margins—but it isn’t easy: Kitchens are complicated and require investment. It is also a strategy that might work better for chains with some geographical density. Casey’s stores are concentrated in the Midwest, and the company self-distributes out of its three distribution centers in Iowa, Indiana and Missouri. Wawa also does self-distribution. TXB, which works with others, said its stores typically get about three to four food deliveries a week."

Once a small, converted restaurant churning out 100,000 butter cakes a month, Mama Bev's Bakery quickly jumped to a seven-figure business after joining forces with Sprout Creek Bakery. According to founder Gary Plassmeyer, co-manufacturing was "...the best decision we've made," helping to reduce the cost of production by a remarkable 40%. Today, contract food and beverage manufacturing services have become a difficult market for emerging brands to navigate due to a rise in at-home meal preparation, ingredient shortages, and cost inflation. In this Food Technology magazine article, learn how to find the perfect co-man match from industry experts: https://hubs.la/Q01_08dr0 #FoodTech #SupplyChainManagement #ScienceOfFood

McDonald’s expects to open nearly 10,000 restaurants over the next four years, a pace of growth that would be unprecedented even for the world’s largest burger chain. Ahead of a day-long event for investors, the Chicago burger giant said Wednesday that it aims to have 50,000 restaurants in operation worldwide by the end of 2027. McDonald’s had 40,275 restaurants at the start of this year. Other national chains are expanding at a rapid clip as well. Starbucks said last month it expects to have 55,000 stores globally by 2030, up from 38,000 today. More details are expected Wednesday during McDonald’s investor event, including where store growth will be concentrated. The company also announced a partnership with Google Cloud, which it said Wednesday will help it accelerate automated services and reduce complexity for its employees. McDonald’s same-store sales rose nearly 9% worldwide in the third quarter, even as U.S. traffic fell slightly. The company is focused on core menu items like Quarter Pounders and fries which, according to McDonald’s, make up 65% of sales systemwide. Burgers with softer, freshly toasted buns, meltier cheese and more Big Mac sauce are coming to U.S. restaurants by the end of 2024 and most other markets by the end of 2025. McDonald’s said chicken sales are now on par with beef, and it plans to bring its McCrispy sandwich to nearly all global markets by 2025. READ ALSO: First McDonald’s in North Island history opens in Port Hardy Source link

An interactive dashboard showing pizza sales for the year 2015. this analysis was aim towards knowing which pizza sales most, what time of the day do customers place orders and which day is peak days for the store. Lastly stakeholders needed to find out which size of pizza should be taken off the menu. Findings: 🔷 Revenue: From January to December 2015 the company made $817.86k from selling 49.57k quantities of pizza with an average unit price of $16.49. The peak period of sales was the month of July. the company made $72.56 follow by the month of May with $71.40K in sales. During the first and second quarter of the year, the company made $413.72K in revenue. Revenue droppped in the fourth quarter of the year making only $199.12k. 🔷 Orders: Fridays are peak days for the company. Customers placed orders on Fridays more than any another days of the week. A total of $8.24k was made from pizza sales. 🔷 Best Sellers The Thai Chicken Pizza is always on demand. it sold $43.43k follow by The Barbecue Chicken Pizza with $42.77k. While the California Chicken Pizza made a total of $41.41k in sales. and the last being The Spicy Italian Pizza with $34.83k. 🔷 Recommendations: Promotions should be done during the fourth quarter of the year, and the month of December should be the main target since its a festive month. XXlarge size of the pizza should be taken off the menu immediately as this size has an extremely low demand. Partnering with any carbonated drink company to supply pet size of drink so that customers who buy XLarge size of pizza get a pet size of the drink as this will attract new customers and inturn generate revenue for the company.

Are you thinking about opening up a deli? Need a few pointers on how to get started? Speciality Food spoke to two owners about their journeys. Thankyou Simon Jones and Simon Warren for your insight. #deli #retail #finefoodretail

Where to even start on these numbers for Chick Filet from the latest FDD…. Thank you Jonathan Maze for the info and comparisons to some of these other chains. What’s the secret sauce? Is it that tasty chicken, just crunchy enough on the outside and juicy inside? The waffle fries? How about the consistency and cleanliness of the stores? Is it this culture of commitment to customers? All of the above? How do we and other brands duplicate this success? Give me your take in the comments. ✅ Stand-alone restaurants achieved $9.4 million in average unit sales. ✅ U.S. system sales increased nearly 15% to $21.6 billion last year. ✅ Average unit volume more than double that of McDonald’s (~$4 million) and remember they are closed on Sundays ✅ Double-digit sales growth for 10 consecutive years. ✅ Highest-volume restaurant generating nearly $19 million in sales. ‼️What? Even mall locations unit volumes grew 22% to $4.5 million per location. ✅ Now the third-largest chain in the U.S., behind McDonald’s and Starbucks. #ChickfilA #BusinessInsights #FastFoodSuccess #WeSellRestaurants Robert Morrison Eric Gagnon, CFE, CBI https://lnkd.in/ep4dGXrG?

https://lnkd.in/efFxDvjg Some of #radio ’s best #advertisers — fast-casual and quick-service #restaurants — grew sales last year despite only modest expansion. The nation’s largest food and beverage chains increased sales 7.5% last year to $417.1 billion. According to a report by Chain Store Age, that figure was bolstered by price increases. The data is from a preview of Datassential’s annual top 500 chains report. It says the nation’s largest chains increased locations 2.1% last year to 238,152. In terms of total units, Subway (20,133), Starbucks (16,346) and McDonald’s (13,449) led the way in 2023. McDonald’s was No. 1 in systemwide sales last year at $52.9 billion, followed by Starbucks ($29.9 billion) and Chick-fil-A ($21.5 billion). McDonald’s and Chick-fil-A were both among the top 100 radio advertisers in the latest weekly list released by Media Monitors. “There was only one change in ranking among the top 10 chains by units compared to last year,” Chain Store Age writes, “with Domino’s Pizza overtaking Burger King with 6,854 locations nationwide. In terms of sales, Chipotle moved ahead of Subway, with sales of $9.87 billion in 2023.” By individual segments, according to Datassential, salad/healthy chains saw unit growth of 17% vs. 2022. That was followed by chicken restaurants (12%), dessert/snack chains (10.1%) and coffee chains (9.8%). The report also utilized consumer surveys to rank chains on service, quality and experience. The top five in terms of food quality included Texas Roadhouse, Chick-fil-A, Longhorn Steakhouse, Cheesecake Factory and Ruth’s Chris Steak House. For customer service, Chick-fil-A was the highest rated, followed by Texas Roadhouse, Longhorn Steakhouse, Cheesecake Factory and In-N-Out Burger. And for best in terms of experience, it was Chick-fil-A, Ruth’s Chris Steak House, Texas Roadhouse, Maggiano’s Little Italy and In-N-Out Burger.

Been reading a lot about C-stores as a real threat to independent pizzerias. This review of Wawa's Pizza is quite critical and lends insight into some things C-stores will have to clean up if they really want to compete. Namely, the "convenience" proposition isn't really there at this point due to operational complexities in the C-store space. That doesn't mean brands like Wawa won't soon figure out how to make decent pizza more efficiently. In fact, in many ways, you'd have to think this is just the start of the journey. https://lnkd.in/eMwFC_yb