The Legacy Companies Announces the Acquisition of Admiral Craft Equipment Corporation

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Greenfield World Trade, Inc. d/b/a The Legacy Companies (“Legacy”), leading consumer products and commercial food service equipment provider, today announced that it has closed upon its acquisition of Admiral Craft Equipment Corp. of Jericho, New York. The terms of the transaction were not disclosed. Admiral Craft is a leading manufacturer and distributor of equipment, small… read more

McDonald’s Discontinued its Fake Meat Burger the McPlant. Good Riddance.

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In this photo illustration, a McDonald’s McPlant Beyond Meat burger is displayed with french fries at a McDonald’s restaurant on Feb. 14, 2022, in San Rafael, Calif. Last week, McDonald’s confirmed to CNBC that its U.S. test of the McPlant burger has ended. Yes, that means the fast food corporation’s first ever meatless burger is no more,… read more

Global Foodservice News – August 1, 2022 Edition

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The Casual – Dining Chain Remains Thoughtful about Sustainability and Giving Back to Local Communities . . . . Snooze Fuels Growth with Impactful ESG Strategy Snooze an A.M. Eatery first opened in 2006. What began in Denver, Colorado, has grown to 52 locations across nine states, and there are plans for an additional eight… read more

What Will Food Halls Look Like After the Pandemic?

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Traffic at Revival Food Hall in Chicago’s Loop neighborhood hasn’t fully rebounded to its pre-pandemic levels. But people have been steadily returning for office lunches, after-work drinks, and dinners as more workers return to the office and embrace habits of the past. By March, traffic had nearly doubled over January, when the Omicron variant was… read more

Wingstop looks to buoy sales with new chicken sandwich, Uber Eats

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Wingstop Inc. is pulling sales levers like the introduction of a chicken sandwich in September and adding the third-party delivery platform Uber Eats to its DoorDash channel as it enjoys deflation in the price of wings, company executives said Thursday. Addison, a Texas-based company, which released its earnings for the second quarter ended June 25,… read more

The FSR Growth 23: These Restaurants Defied the Pandemic Odds in 2020

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In many ways, the pandemic was a great equalizer for full-service restaurants. It didn’t matter whether a restaurant specialized in Mexican cuisine or sushi, barbecue or vegetarian fare. And just the same, longevity and size had a marginal bearing on how well a brand navigated the crisis. A new, relatively small upstart could fare just… read more

Chipotle Investing in ‘Fundamentals’

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Chipotle Mexican Grill, Inc. is investing in “being brilliant at the basics” after the fast-casual chain experienced a slowdown in sales during the latter half of the recent quarter, said Brian R. Niccol, chairman, and chief executive officer. A newly launched operations initiative focuses on retraining employees on the fundamentals of the business. “These fundamentals… read more

To many Americans, it might feel like COVID-19 is in the rearview mirror

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But for The Cheesecake Factory, the virus is as real as ever. It’s COVID, and not the country’s economic turmoil, that has been causing the 308-unit casual-dining operator’s business to fluctuate from month to month and market to market, said CFO Matthew Clark on Wednesday. “When you see the cases move up, you see sales… read more

Wingstop saw traffic fall in the second quarter as inflation rose

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Something unusual happened at Wingstop in the second quarter: Its same-store sales, which have been positive on an annual basis for 18 consecutive years, declined. Domestic comps at the 1,858-unit chicken wing chain fell 3.3% in the period ended June 25, which executives attributed to a “perfect storm” of factors, including tough comparisons to a… read more

Slower traffic at Texas Roadhouse this summer could be a Good Sign

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If the chain’s executives are right, the 0.8% year-over-year decline simply means customers are getting back to their normal routines, governed by work schedules and summer vacations that have traditionally made the 680-unit steakhouse chain a bit less busy in the warmer months. “It really has felt like we’ve got back to a more seasonal… read more