Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of May 31, 2021 - Winsight
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Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of May 31, 2021
Understand what consumers are eating Uncover the demographic profile of the average tea drinker, burger eater or chicken chomper with menu ordering detail using Technomic’s Ignite Consumer info@technomic.com | technomic.com © 2021 Technomic, Inc.
I G N I TE C O M PAN Y
Industry Restrictions RECIPE UNLIMITED SYSTEM SALES
Continue to Hamper
YEAR-OVER-YEAR CHANGE %
Recipe Unlimited
Multiconcept operator Recipe Unlimited location in Montreal, a takeout and -12.2%
continues to struggle amid the COVID- delivery concept that offers menus from
19 pandemic, with total system sales multiple Recipe Unlimited brands, as
down 28.1% from the same period in well as one new St-Hubert restaurant. -22.2%
2020. This is a slight improvement from
the prior quarter when total system -28.1%
sales had declined by 31.8%. Despite -31.8%
this, e-commerce sales were up 75.0%
from the same period in 2020.
In the first quarter of 2021, Recipe
Unlimited experienced a net loss of 11
restaurants in Canada after closing
locations from Swiss Chalet, Harvey’s, -55.3%
Montana’s BBQ & Bar, Kelseys Original
Roadhouse, Milestones and New York Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
Fries. Offsetting these closures, the
group opened its third Ultimate Kitchens
Sources: Technomic Ignite Company
© 2021 Technomic, Inc. 3I G N I TE M E N U
Pizza Operators Add
Sweet Heat
Pizza consumption remains high, with featuring Mike’s Hot Honey, a honey
80% of consumers reporting that they infused with Brazilian chiles. Pizzaiolo
eat pizza at least once a month. A diet debuted a new Honey Heat Pizza in Q1
staple for many, this traditional comfort showcasing organic honey and chile
food is evolving to include more flakes. Savino Pizzeria also joined the
complex and dynamic flavours. trend with its Quatro Formaggi With
Prosciutto Pizza that spotlights
Trending among recent new and
housemade chile oil and local honey.
limited-time pizzas is sweet heat. This
distinctive pizza combination aligns with Another sweet ingredient partnering up
changing pizza tastes among younger with spice on pizza is maple syrup.
folks, with 33% of 18- to 34-year-olds Blaze Pizza Canada recently released
agreeing they are more interested in a new limited-time Hot Maple Drizzle
trying pizza with unique toppings than that is available on any pizza, made
they were two years ago. with chile- and cayenne-infused
Canadian maple syrup.
Recently, Pizza Nova launched the
limited-time Honey Stinger Pizza,
Source: Technomic Ignite Menu Chile-infused honey
Technomic 2020 Canadian Pizza Consumer Trend Report Image Source: Shutterstock
© 2021 Technomic, Inc. 4I G N I TE C O N S U M E R
REASONS FOR EATING THE FOLLOWING PROTEINS LESS
OFTEN THAN BEFORE THE PANDEMIC
Value Essential for This protein is now more expensive at
grocery stores
21%
27%
47%
Proteins
35%
33%
I now have less money to spend on 25%
eating out 27%
35%
32%
Value is a strong motivator for the satiating and filling protein content I now have less money to spend on 23%
consumers, now more than ever. of menu offerings can also help boost groceries 17%
value perceptions. As sales levels and 30%
Consumers who indicate that they are Beef
the economy begin to rebound from
eating proteins less often during the 28%
COVID-19 though, there will be more I am trying to eat healthier and consider Pork
pandemic are likely to equate this shift 36%
room to create value through other key this protein to be less healthy than other
to increased prices at grocery stores, as 27% Chicken
factors, such as food quality, innovation meat options 10%
well as less money to spend on their
and service amenities. Seafood
meals. This is especially true of beef 25%
and seafood consumers, as these Other proteins are less expensive than 14%
categories can often be tied to premium this protein 12%
and upscale positionings. 31%
Value positioning will likely surround 24%
pricing strategies for the next few I am trying to reduce my animal protein 24%
months in light of uncertainty about consumption 27%
where the pandemic and economic 17%
environment are heading. Showcasing 23%
Dishes with this protein are now more 10%
expensive at restaurants 12%
27%
Base: Varies by category; Any consumers who indicate eating less of these proteins than before the pandemic
Source: Technomic Ignite Consumer featuring Technomic’s Canadian Centre of the Plate Consumer Trend Report
© 2021 Technomic, Inc. 5G L O B AL F O O D S E RV I C E N AV I G ATO R
Restaurants Around the World
Continue IPO Bonanza
Public offerings remain hot on chain Dicos Since reporting on restaurant IPOs
menus across the globe. In just the past post-pandemic, the clear takeaways are
China’s No. 2 chicken chain could go
few months, Technomic’s Global that chains looking to go public are
public should Taiwan-based owner Ting
Foodservice Navigator program has largely limited service, often specialize
Hsin move forward with plans to list its
reported on potential offerings from the in delivery-friendly foods, have a tech-
mainland restaurant business on the
likes of Dodo Pizza in Russia, Nayuki centric operating model and skew
Hong Kong exchange.
Tea and Heytea in China, Ediya Coffee toward beverage—probably not a
and Paik’s Coffee in South Korea, Devyani International surprise to many.
Sapphire Foods in India and Tealive in This KFC, Pizza Hut and Costa Coffee
Malaysia. operator in India is reportedly looking to
Let’s catch up on the latest batch. raise some US$191 million with a
listing. It would mark the third major
Krispy Kreme
restaurant IPO in India in less than a
The doughnut specialist recently filed year, following Burger King’s local
for an IPO in the U.S. after being private franchisee along with local CDR chain
for about five years. Barbeque Nation.
Source: Technomic Global Foodservice Navigator Program
Image Source: Shutterstock
© 2021 Technomic, Inc. 6WAN T M O R E I N S I G H T S ?
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