Industry Insights A roundup of noteworthy foodservice findings for the week of March 22, 2021
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
I G N I TE C O M PAN Y Red Robin Unveils RED ROBIN U.S. SAME-STORE SALES YEAR-OVER-YEAR CHANGE % Three Virtual Brands Red Robin announced three new virtual Red Robin joins several other top brands to bolster its off-premise sales. chains that integrated virtual brands into The Wing Dept., Fresh Set and Chicken their repertoire in the past year. Chili’s, Sammy’s, all delivery-only, will offer an Applebee’s, Chuck E. Cheese and Dog array of options straight from Red Haus are among those that adopted Robin’s menu, as well as items not virtual brands in 2020 in the wake of -20.8% previously featured in stores. COVID-19 restrictions. -25.1% Same-store sales were down 28.5% for Red Robin in 2020, consistent with its -29.0% -28.5% fourth quarter decline of 29.0%. In 2019, the casual-dining chain saw a same-store sales decline of 0.6%. -41.4% Q1 2020 Q2 2020 Q3 2020 Q4 2020 2020 Total Sources: Technomic Ignite company data © 2021 Technomic, Inc. 2
I G N I TE M E N U KEY FINDINGS Key Findings From Chicken is the fastest-growing protein on limited-service restaurant Our New Menu breakfast menus, up 30.8% year over year Brazilian flavors are the fastest- Report growing global flavors on lunch and dinner full-service restaurant menus, at 5.6% year-over-year growth Technomic released a new State of the many of the trends and directions of the Menu report, highlighting growing data may continue for the foreseeable Overall, 37% of best-in-class LTOs ingredients, dishes, drinks and flavors future. Our many learnings from the had brand mentions, proving that on menus; trend predictions that will data and analysis—which are reflected consumers find this appealing surface this year; and insights into best- in the key themes and recommended in-class, limited-time offers. actions—are essential for our clients to LSR breakfast and lunch/dinner Foodservice occasions are drastically be able to plan for the year ahead. menus and FSR breakfast and evolving, and this report provides lunch/dinner menus all saw item Please check out the report, available crucial details on how leading count declines year over year now on Ignite, or contact Technomic at restaurant operators are pivoting their info@technomic.com for purchase menu innovation plans in details. unprecedented ways. Taking a look back is crucial to understanding how the industry has changed and where we’re headed. We’re still not out of this pandemic, so Source: Technomic Ignite menu data featuring the State of the Menu report Image Source: Shutterstock © 2021 Technomic, Inc. 3
I G N I TE C O N S U M E R WHICH OF THE FOLLOWING DESCRIPTORS FOR VEGAN AND VEGETARIAN OPTIONS/SUBSTITUTES IN A DISH WOULD YOU BE MOST LIKELY TO Preferred Protein ORDER AT LEAST OCCASIONALLY? 45% Substitutes Vegetable-based 37% 48% 40% Plant-based 50% Protein substitutes continue to trend on RECOMMENDED ACTION menus and expand into new categories. 35% Identify protein preferences by Protein substitutes vary widely in their demographic to help create menu and 31% ingredients, but vegetable-based Overall marketing strategies that resonate well descriptors lead in appeal, especially Meatless 23% 18-34 with the core customer base. Offering with older consumers. multiple types of protein substitutes 35% 35+ Age differences play a role in these from vegetable-forward dishes to plant- preferences, with younger consumers based meat alternatives can help 20% driving appeal for plant-based claims. maximize appeal across ages. Addressing differences in preference Meat-free 23% will be critical for operators to 19% implement new proteins successfully. 16% Imitation meat 20% 13% Base: 1,032 consumers who ever eat vegetarian or vegan dishes Source: Technomic Ignite consumer data and the Technomic 2021 Center of the Plate: Seafood & Vegetarian Consumer Trend Report © 2021 Technomic, Inc. 4
G L O B AL F O O D S E RV I C E N AV I G ATO R Retro Collabs Grow Creative collaborations have been a In the United States, Pizza Hut global trend for several years. Now, as introduced a new Pac-Man pizza box many consumers seek reconnection to that guests can interact with using their pre-pandemic normalcy, restaurants are smartphones. rolling out vintage items that shine new And in France, casual-dining chain light on some nostalgic brands. Sushi Shop rolled out the Sushi Shop x In Canada, sibling pizza purveyors Polaroid box, celebrating vivid colors on Pizza Pizza and Pizza 73 debuted the and within the limited-edition UNO Combo in partnership with Mattel. packaging. It bundles pizza and drinks with a co- Throughlines branded deck of UNO cards in a special package. • The brands are often tied to the concept of simpler times In China, PizzaMarzano held a Pac- Man Christmas event that included • Retro collabs are often very colorful themed pizzas and kids meals, a Pizza • Opportunity exists for an interactive Fly video game and Pac-Man-themed component that drives engagement restaurant decor. • Packaging is key Sushi Shop touts its new Polaroid box as a vintage creation that pops with color Source: Sushi Shop France website Source: Technomic Global Foodservice Navigator Program © 2021 Technomic, Inc. 5
COVID-19 DISRUPTION INDEX COVID-19 PERCENT PERCENT COVID-19 Disruption Index is Change Versus Previous Week and TOP 5 MOST DISRUPTED MARKETS DISRUPTION CHANGE CHANGE powered by Shortest Track, utilizing AI, Month BY INDEX POINT CHANGE INDEX VERSUS VERSUS (VERSUS PREVIOUS WEEK) (MAX: 1.00, HIGH machine learning and disparate sets of Change versus previous week/month DISRUPTION) LAST WEEK LAST MONTH 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 Springfield, Mo. 0.518 5.00% 16.38% increasingly more impacted by COVID- The highest index possible is 1.00, 19 (not good). Changes that are 2 Decatur, Ala. 0.523 4.91% 17.20% 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). is updated on a weekly basis. 3 Columbia, Mo. 0.575 4.25% 15.37% Ignite Subscribers: Download full The COVID-19 Disruption Risk Index market report 4 Montgomery, Ala. 0.680 3.57% 15.50% shares weekly updates through a business lens, rather than a health lens, and incorporates more than 20 different 5 Birmingham-Hoover, Ala. 0.677 3.57% 15.55% 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 15, 2021 Source: Shortest Track © 2021 Technomic, Inc. 6
WAN 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 bi-weekly! 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