Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of March 8, 2021 - Winsight
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Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of March 8, 2021
I G N I TE C O M PAN Y
Pizza Pizza Sees QUARTERLY SAME-STORE SALES
Mixed Quarterly
YEAR-OVER-YEAR CHANGE %
Pizza Pizza Pizza 73
Results
Pizza Pizza and Pizza 73, brands The COVID-19 pandemic limited
owned by Pizza Pizza Royalty Corp., customer foot traffic in stores, resulting -2.4%
-3.4%
both continued to see declining in a sharp decline in walk-in sales. This,
numbers in 2020. Pizza Pizza accounts combined with a significant decrease in
-6.3%
for 85% of the group’s locations in nontraditional sales (stores located in
Canada. sports and entertainment venues), were -8.3%
the primary drivers for the decrease in
The two saw a combined 12.5% -10.6%
same-store sales.
decrease in annualized same-store
sales after 0.5% growth the year prior.
Pizza Pizza and Pizza 73 experienced
identical 17.6% same-store sales -17.6% -17.6%
decreases in Q4 of 2020. Pizza Pizza
-19.1%
had a 13.4% annualized comparable
sales decline in 2020, while Pizza 73
saw an 8.1% decrease over the year.
Q1 2020 Q2 2020 Q3 2020 Q4 2020
Source: Technomic Ignite company news
© 2021 Technomic, Inc. 2
I G N I TE M E N U
Canadian-Raised
Chicken Callouts
Chicken remains a staple on menus, breaded and seasoned chicken patty
with 83.2% of operators menuing it, and made with chicken raised on Canadian
restaurants are increasingly turning to farms. In another example, KFC
local Canadian farms for sourcing. Canada’s Original Recipe Box includes
Local sourcing can be a draw for two pieces of Canadian farm-raised,
consumers, with 41% agreeing that hand-breaded, bone-in chicken. Pizza
food or beverage described as local is Pizza also called out Canadian
tastier. This is helping drive purchase sourcing in its Popcorn Chicken, which
decisions, with a further 68% of is made with Canadian farm-raised
consumers reporting that they would be chicken.
more likely to purchase foods described
as local.
Mainstream restaurants have been
calling out the use of Canadian-raised
chicken, with McDonald’s Canada
recently releasing a limited-time
Chicken McMuffin, which features a
Source: Technomic Ignite menu data and Technomic 2020 Canadian Healthy Eating Consumer Trend Report
Image Source: Shutterstock
© 2021 Technomic, Inc. 3I G N I TE C O N S U M E R
“I PREFER MY PIZZA CRUST TO BE…”
Thin Crust Cravings 6—Thin 5 4 3 2 1—Thick
13% 35%, up from
23%, down
from 30% in
20% 31% in 2018
2018
Pizza has been a staple during the These options tend to be thinner overall
pandemic in part because of its and can be positioned as a lighter
craveability and portability. These choice. 10%
options continue to proliferate at
While thin-crust pizzas continue to gain
restaurants, and many brands are using
widespread appeal, it will be
new ingredients and dough
increasingly important for operators and
preparations to differentiate.
retailers to consider crust innovation,
15%
Demand for thick-crust pizzas has such as veggie-forward and specialty-
diminished compared to 2018, with only diet crusts. Pizza Pizza just released its
23% of consumers saying they prefer a Superfood pizza crust, made with
thicker crust. Thin crust is the most purple cauliflower, purple sweet 22%
preferred crust type overall, with 47% of potatoes and butternut squash.
consumers saying they would consider Extending offerings beyond keto-
ordering pizza with a thin crust. Keto- friendly crusts to similar lifestyle-diet
friendly and gluten-free pizza options options, such as paleo and Whole 30 21%
have also expanded over the last few pizzas, can help target current
years to meet various dietary needs. definitions of health.
Base: 590 consumers ages 18+
Source: Technomic Ignite consumer data featuring the Technomic 2020 Canadian Pizza Consumer Trend Report Image Source: Shutterstock
© 2021 Technomic, Inc. 4G L O B AL F O O D S E RV I C E N AV I G ATO R
Operators Serve Up
Fresh Batch of IPOs
Last October, we identified a number of Ediya Coffee | South Korea
operators looking to go public across
The homegrown coffee cafe chain is
the world—particularly across the Asia
once again mulling an IPO, having
Pacific region, from Kyochon and Paik’s
previously shelved plans in 2018. With
Coffee in South Norea to Nayuki and
more than 3,000 locations, Ediya is
Heyteq in China to Guzman y Gomez in
twice the size of its closest coffee
Australia.
competitor.
Additional chains have since started
Sapphire Foods | India
readying IPO plans. Here’s a recap of
recent developments. Set to launch an offering as early as
this year, this KFC, Pizza Hut and Taco
Dodo Brands | Russia
Bell franchisee oversees a portfolio of
The Dodo Pizza parent reportedly more than 400 units of the Yum Brands
expects to launch an IPO by 2024. In chains in India, Sri Lanka and the
addition to operating Russia’s largest Maldives.
pizza chain, Dodo Brands recently
Pizza Hut | Australia
introduced both a coffee concept and a
doner brand. Local owner Allegro Funds is reportedly
mulling an IPO for the market’s No. 2
pizza chain in the near future.
Source: Technomic Global Foodservice Navigator Program Image Source: Shutterstock
© 2021 Technomic, Inc. 5WAN T M O R E I N S I G H T S ?
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