Articles Tagged with ''restaurant industry''

Foodservice spending, which was up 3% in the year ending April 2015, did not equate to foodservice visits, which were flat in the period, according to The NPD Group, a global information company.

The fast-casual segment's blistering pace of sales and unit expansion continued in 2014.

Full service restaurants accounted for the largest proportion of sales globally, followed by fast food and cafes/bars.

Fast-casual brands in Technomic Inc.'s Top 500 Chain Restaurant Report increased their collective annual sales by 12.8 percent to $30 billion in 2014, and that growth rate was nearly double the next-largest increase from any other restaurant segment.

King & Prince Seafood’s new Small Plates/Bar Bites product line features Jambalaya Fritters, Crispy Southern Flounder and Lobster & Seafood Pups.

The 500 largest restaurant chains in the United States accelerated their cumulative sales growth in 2014 to a 4% increase, totaling an estimated $274.4 billion. But some of the biggest brands among them, namely Subway and McDonald's, lost ground to focused-menu competitors and emerging fast-casual chains and reported overall sales decreases for the year.

One surprising pattern: More than half of eating-out occasions are unplanned or decided on impulse. At 53 percent of all dining occasions, the frequency of "eating on the fly" accounts for more than twice as many routine occasions (25 percent); special occasions account for just 22 percent of dining occasions.

Against tough competition from other sandwiches and flat to declining restaurant traffic, burgers ordered at U.S. restaurants and foodservice outlets had a banner year in 2014, finds foodservice market research from The NPD Group, a leading global information company. There were 9 billion servings of burgers ordered at U.S. restaurants and foodservice outlets last year, an increase of 3 percent compared to prior year, according to NPD’s ongoing foodservice market research.