Food Business News - September 13, 2011 - (Page 32)

Restaurant Performance Index falls beneath 100 to 11-month low in July WASHINGTON — The National Restaurant Association’s Restaurant Performance Index was at 99.7 in July, down from 100.6 in June and at the lowest level in 11 months. “Although same-store sales and customer traffic levels remained positive in July, restaurant operators’ outlook for the economy took a pessimistic turn,” said Hudson Riehle, senior vice-president of the research and knowledge group for the association. “This survey month was burdened with the debt ceiling crisis and the downgrade in the nation’s credit rating, which added an additional layer of uncertainty in an already fragile economic recovery. Restaurant operators reported softer same-store sales in July with 48% of operators reporting a gain compared with the previous year, down from 51% who reported higher same-store sales in June. Also, 34% of operators had same-store sales decline in July, up from 31% of operators who had lower same-store sales in June. There was also overall softer traffic in July with 40% of operators seeing an increase in customer traffic compared with the previous year, down from 44% who reported higher traffic in June, while 37% of operators reported a traffic decline in July, up from 33% who reported the same in June. Restaurant operators are optimistic about sales growth in coming months with 39% of operators expecting higher sales in six months, nearly unchanged from the previous month. Yet 23% of operators expect sales volume in six months to be lower than it was during the same period of the previous year, up from 16% who said the same thing in June. Restaurant operators are not very optimistic about the direction of the overall economy, with just 17% of operators saying they expect economic conditions to improve in six months, down from 26% who reported optimism in June. Additionally, 31% of operators said they expect economic conditions to decline in the next six months, up from 20% who said the same in June. FBN 104 103 102 101 100 99 98 97 96 Restaurant Performance Index Values greater than 100 = Expansion; Values less than 100 = Contraction 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: National Restaurant Association Frutalose® SF75 “SUGARS OUT....FIBER IN”™ 32 FOODBUSINESS NEWS ® September 13, 2011

Table of Contents for the Digital Edition of Food Business News - September 13, 2011

Food Business News - September 13, 2011
Kraft’s split on schedule
Nonfat dry milk prices drop as milk output rises
Shining a light on sugary drinks
Web Contents
Editorial - Preparing for the rising cost of fresh water
Private label products make gains in salad, sugar categories
Seaboard’s Rod Brenneman to lead Butterball
Limited avocado supply hurts Calavo earnings
PepsiCo outlines path for global snacks growth
F.D.A. initiates projects to trace foodborne illnesses
U.S.D.A. study shows food insecurity down from 2009
McCormick completes acquisition of Kamis
Leadership team set for Sara Lee’s CoffeeCo spin-off
Seneca, Allens terminate merger negotiations
Human milk components the focus of partnership
JBS shifting operations in Brazil
Dannon opens new innovation center
July red meat production down 4% from year ago
Aramark to acquire Filterfresh from G.M.C.R.
Tyson Foods to ramp up prepared foods output
McDonald’s investing $1 billion in Canada
Rowland Coffee integration on track at Smucker
Food trucks transitioning from fad to trend
Kraft’s split on schedule
Restructuring charges weigh on Campbell earnings
Starbucks K-Cup Portion Packs going to grocery stores
Sanderson Farms swings to loss in quarter
Nestle completes production unit for nutrition factory
Restaurant Performance Index falls beneath 100 to 11-month low in July
Washington - Shining a light on sugary drinks
Market Insight - Nonfat dry milk prices drop as milk output rises
Health and Wellness - School lunches get slimmer
Ingredient Innovations - Possible opportunity in immunity
Flavor Trends - Fire and flavor
New Product Trends - Expanding flavors and protein sources in jerky
New Food Products - Dannon introduces Activia Selects yogurt
New Food Products - Balance Bar launches nimble bar for women
New Food Products - Nestle introducing Nescafe LiquiFresh Gourmet Blend
New Food Products - New jerky from Jack Link’s uses Cholula Hot Sauce
New Food Products - Odwalla adds Super Protein Mango smoothie
New Food Products - Frito-Lay introduces Doritos and Cheetos Fiery Fusion
New Food Products - Burger King adds Quaker oatmeal to breakfast menu
New Food Products - Lifestyle Foods launching G2 snack line
INGREDIENT MARKET TRENDS - Winter wheat planting under way except in dry Southwest
Ingredient Markets
Supplier Innovations and News - Soy blend has texture characteristics of meat
Supplier Innovations and News - Sustainable palm oil certifi cation reaches Brazil
Supplier Innovations and News - Grain Processing Corp. promotes scientist
Supplier Innovations and News - Starches offer retort, freeze/thaw benefits
Supplier Innovations and News - Red Arrow launches pot roast fl avor
Supplier Innovations and News - Takasago names v.p. of consumer insight
Supplier Innovations and News - Honey, fig flavors join balsamic vinegar line
Ad Index
Food Business in the News

Food Business News - September 13, 2011