Food Business News - October 9, 2012 - (Page 24)

operators reported lower same-store sales in August, down from 36% in July. Restaurant operators also reported a net increase in customer traffic levels in August. Forty-seven per cent of restaurant operators reported higher customer traffic levels between August 2011 and August 2012, up from 35% who reported positive traffic in July. In contrast, only 32% of operators reported lower customer traffic levels in August, down sharply from 46% in July. The Expectations Index measures restaurant operators’ six-month outlook and is based on four indicators – same-store sales, employees, capital expenditures and business conditions. It stood at 100.7 in August, unchanged from July’s level. Although August marked the 12th consecutive month that the Expectations Index stood above 100, it remained nearly two index points below the post-recession peak reached in March 2012. Reduce SodiumKeep the Taste™ “ … The Expectations Index remained dampened compared to recent stronger levels, with restaurant operators retaining a cautious outlook for sales growth and the economy in the months ahead.” Mr. Riehle said. Restaurant operators remain generally optimistic that their sales levels will improve in the months ahead, as their sales outlook was essentially unchanged from July. Forty per cent expect to have higher sales in six months when compared to the same period in the previous year. Forty-two per cent reported similarly last month. Meanwhile, only 12% of restaurant operators expect their sales volume in six months to be lower than it was during the same period in the previous year, down slightly from 15% last month. Restaurant operators are not as bullish about the direction of the overall economy, though their outlook improved somewhat from last month. Twenty-nine per cent said they expect economic conditions to improve in six months, up from 22% who reported similarly last month. Meanwhile, 20% of operators said they expect economic conditions to worsen in the next six months, while 51% think conditions will stay about the same. FBN Hershey to source 100% certified cocoa by 2020 Our R&D efforts are focused on developing phosphates that reduce sodium in Baking, Processed Meat, Poultry and Dairy applications while maintaining optimum flavor and functionality. ◆ CAL-RISE® ◆ DOUGH-RISE® ◆ V-90® ◆ REGENT 12XX® ◆ LEVAIR® ◆ ACTIF-8® ◆ CURAVIS® SO-LO 93 ◆ SUPERBIND™ HB-CT ◆ TEXTUR-MELT™ LS-50 ◆ DCP D We’re dedicated to healthy innovation, while keeping an eye on your bottom line. Call Technical Assistance at (866) 631-7394. Call Innophos Customer Service today at (800) 243-5052 to place your order. HERSHEY, PA. – The Hershey Co. plans to source 100% certified cocoa for its global chocolate product lines by 2020, the company said Oct. 3. Independent auditors will assure the cocoa is grown in line with internationally recognized standards for labor, environmental and better farming practices. Certified cocoa currently accounts for less than 5% of the world’s cocoa supply. West Africa produces about 70% of the world’s cocoa. “Consistent with Hershey’s values, we are directly addressing the economic and social issues that impact West Africa’s 2 million cocoa farmers and families,” said J.P. Bilbrey, president and chief executive officer of The Hershey Co. The company is in the process of having Rainforest Alliance certify Hershey’s Bliss chocolates by the end of the year. Hershey’s Dagoba organic chocolate already is 100% certified by Rainforest Alliance. Hershey said its Scharffen Berger brand will source 100% certified cocoa by the end of 2013. FBN Innovate with Phosphate™ ◆ 24 FOODBUSINESS NEWS ® October 9, 2012

Table of Contents for the Digital Edition of Food Business News - October 9, 2012

Food Business News - October 9, 2012
Unilever may put Skippy brand up for sale
Fruit prices on the rise
Bio-engineering on the ballot in California
Table of Contents
Web Contents
Editorial - Instant noodles as single food product success
Snyder’s-Lance expands distribution in southwest U.S.
American Sugar buys majority of Belize Sugar Industries
F.A.O. Food Price Index rises in September
Sunland peanut butter recall expands
RAND study shows rapid rise of morbid obesity
Dean puts Morningstar Foods on the trading block
Chiquita Brands names Edward Lonergan as c.e.o.
Smart Balance unveils new name, new structure
Clarkson Grain acquires US Soy
Alpina opens yogurt facility in New York
Chris Solly to c.e.o. of Ehrmann USA
ConAgra to expand frozen meals production
Campbell Soup closing two facilities
Jack Link’s acquiring Nebraska facility
New Kraft seeks to unlock ‘true potential'
Mondelez establishes global ambitions
August Restaurant Performance Index rises
Hershey to source 100% certified cocoa by 2020
Kroger introducing ‘Simple’ brands
Environmental claims to face greater scrutiny
Health and Wellness - Sodium reduction remains a priority
Ingredient Innovations - GRAS for probiotics seen as step toward market acceptance
Studies focus on probiotic benefits
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 9, 2012