Industry Insights A roundup of noteworthy foodservice findings for the week of March 8, 2021 - Winsight
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Industry Insights A roundup of noteworthy foodservice findings for the week of March 8, 2021
I G N I TE C O M PAN Y
Breakfast Launch
WENDY’S U.S. SAME-STORE SALES
YEAR-OVER-YEAR CHANGE %
Boosts Wendy’s 7.0%
5.5%
Wendy’s breakfast menu launch proved Wendy’s announced plans to invest
to be a success in 2020, playing a more heavily in breakfast in 2021, with
major role in boosting the chain’s expectations that morning daypart sales
performance over the second half of the could grow up to 30% this year from 2.0%
year. intensified marketing efforts.
Same-store sales grew 2.0% for 0.0%
Wendy’s in 2020, capped by a 5.5%
surge during the fourth quarter ended
Jan. 3, 2021. The year prior, the burger
chain registered 2.9% annual same-
store sales growth.
-4.4%
Q1 2020 Q2 2020 Q3 2020 Q4 2020 2020 Total
Sources: Technomic Ignite company data and Wendy’s Investor Relations
© 2021 Technomic, Inc. 2I G N I TE M E N U NO. 1 FEBRUARY LTO
Cheesy Breakfast
BY PURCHASE INTENT
Sausage, Egg and Cheese
LTOs Garner Broad
Bagel Breakfast Sandwich
Melted American cheese over a
freshly cracked egg, grilled 61% of consumers
sausage, all on a toasted bagel
say they are likely
Appeal in February
(Jack in the Box)
or very likely to
purchase this item
Among the limited-time offers that breakfast handhelds didn’t show up in
Technomic ran through its monthly the top 20 lists for draw, uniqueness or
Ignite concept testing survey, cheesy craveability.
breakfast handhelds forged their way to
As a result, we designate most of these
the top of the purchase intent list.
as broad appeal items, which is
Within the top 20 list were a Sausage,
typically a good indicator of concepts
Egg and Cheese Bagel Breakfast
that could become permanent menu
Sandwich from Jack in the Box;
features, as they typically appeal to
Chicken, Bacon And Cheese Croissant
core users of the brand but may lack
Stuffers and Three Cheese Croissant
the excitement seen in items with
Stuffers from Dunkin’; and a Breakfast
higher draw, uniqueness or craveability.
Bacon King Sandwich from Burger
King. Various cheeses, meats, buns
and other toppings packed these
appealing breakfast sandwiches.
Although these items had high
purchase intent scores, cheesy
Source: Technomic Ignite menu data featuring concept testing Image Source: Jack in the Box website
© 2021 Technomic, Inc. 3I G N I TE C O N S U M E R
WHAT MEAL DID YOU EAT DURING YOUR MOST RECENT ORDER OR
VISIT? (CONSUMERS ORDERING ONLINE FOR PICKUP OR DELIVERY)
Digital Order 3%
Dayparts Drift
Breakfast/a.m. snack
5%
23%
Lunch
26%
As online ordering accelerated indicate that foodservice helps them
throughout 2020, new dayparts meet their daily obligations.
emerged as digital areas of consumer 4%
Operators looking to maintain traction Afternoon snack
opportunity. With the pandemic
among newly minted digital guests 6%
shuttering dining rooms across much of
should consider promoting non-dinner 2019
the U.S. for a significant period of the
dayparts through digital channels.
year, consumers were forced to rethink 67% 2020
the ways—and times of day—in which Dinner
they engaged with restaurants. 60%
Work-from-home situations, remote
learning schedules and increasingly
2%
complicated out-of-home trips—fraught Late-night snack
with extra safety precautions—all 2%
contributed to the shift. Although not
shown, Technomic data reveals
significant growth in the number of 1%
“time-starved” consumers—those who Other
2%
Base: 4,153 (2019) and 4,490 (2020) recent chain guests ordering online for pickup or delivery
Source: Technomic Ignite consumer data
© 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. 5COVID-19 DISRUPTION INDEX
COVID-19
COVID-19 Disruption Index is Change Versus Previous Week and PERCENT PERCENT
TOP 5 MOST DISRUPTED MARKETS DISRUPTION
CHANGE CHANGE
powered by Shortest Track, utilizing AI, Month BY INDEX POINT CHANGE INDEX
VERSUS VERSUS
machine learning and disparate sets of Change versus previous week/month (VERSUS PREVIOUS WEEK) (MAX: 1.00, HIGH
LAST WEEK LAST MONTH
DISRUPTION)
data resources to quantify the potential allows users to see if the market is
risks that U.S. businesses face from the becoming more or less disrupted over
spread of the COVID-19 virus at the time. Changes that are positive (+)
market level. show a move toward becoming 1 Lynchburg, Va. 0.348 1.67% 6.26%
increasingly more impacted by COVID-
The highest index possible is 1.00, 19 (not good). Changes that are 2 Lewiston-Auburn, Maine 0.453 1.19% 4.25%
which is not good and reflects markets negative (-) show a trend toward being
that are extremely disrupted. The index less impacted by COVID-19 (good). 3 Charlottesville, Va. 0.371 1.36% 4.97%
is updated on a weekly basis.
Ignite Subscribers: Download full 4 Casper, Wy. 0.080 6.39% 11.88%
The COVID-19 Disruption Risk Index market report
shares weekly updates through a 5 Richmond, Va. 0.487 0.95% 3.19%
business lens, rather than a health lens,
and incorporates more than 20 different
data signals to measure disruption and
predict future impact. These signals
include infection rates, deaths, state-
level restrictions and social distancing
requirements, population densities and
mobility, group size limitations and
lifestyle risk factors contributing to
spread. More information is available
HERE.
Notes: Data updated March 1, 2021
Source: Shortest Track
© 2021 Technomic, Inc. 6WAN T M O R E I N S I G H T S ?
Since 1966, we have
You can get this Ignite Company Ignite Menu
produced in-depth
See where restaurant chains Pinpoint the latest menu trends
report delivered to are, how many units they have and see what’s on the horizon. research focused on the
you every week! and how well they’re doing.
Explore>>
Explore>>
foodservice industry.
Sign up here>>
We provide insights into consumer,
industry and menu trends in
the U.S., Canada and 23 countries
around the world.
Our team of experts helps leaders
Ignite Consumer Global Foodservice in the industry make complex
Get to know your customers’ Navigator business decisions, set strategy
customers through 60+ attributes Understand the global industry, and stay ahead of the curve.
and visit occasion metrics. from menu trends to consumers,
Explore>> in 25 countries. Explore>>
Have questions about this report?
Reach out to us today.
312-876-0004
info@technomic.com
technomic.com
© 2021 Technomic, Inc.You can also read
