Milling & Baking News Corporate Profiles - November 2013 - (Page 60)
Food Service
Food service
Menu trends range from better-for-you to over-the-top
A
s softer sales and reduced foot
traffic continue to challenge the
industry, restaurant operators
have responded in a number of ways.
To compete with the quickly growing
fast-casual segment, top fast-food
chains have introduced more premium
products. Wendy's menu additions this
year included a bacon cheeseburger
with a nine-green spring mix on a
toasted artisan-baked pretzel bun,
as well as grilled chicken sandwiches
and fresh vegetables served in a multigrain flatbread made with flax seeds,
cracked wheat, rolled oats, millet and
sesame seeds. Wendy's also began
revamping some of its restaurants to
included contemporized lounge seating,
flat-screen televisions and Wi-Fi.
Similarly, KFC in August began testing
an upmarket concept that serves only
the boneless variety of its Original
60 \ November 2013
Recipe chicken, plus updated side
dishes, salads, rice bowls and flatbread
sandwiches.
"Fast casual has taken some share
overall from quick-service, so all of
these chains are smart to look at how
they can take what they do and upgrade
it just enough to stay in the game," said
Mary Chapman, director of product
innovation at Chicago-based research
firm Technomic, Inc.
Meanwhile, several casual-dining
chains, including Applebee's and Red
Lobster, have experimented with an
express lunch model in an effort to
emulate the success of fast-casual
leaders Panera Bread and Chipotle
Mexican Grill.
Total restaurant industry sales
were expected to increase 4% and
exceed $660 billion in 2013, with
local sourcing and children's nutrition
topping consumer trends at restaurants,
according to the National Restaurant
Association's 2013 Restaurant Industry
Forecast.
"Despite a continued challenging
operating environment, the restaurant
industry remains a strong driver in
the nation's economy," said Dawn
Sweeney, president and chief executive
officer
of
the
Washington-based
N.R.A. "Ours is a resilient and flexible
industry that continually finds new
ways to keep growing, relying on the
creativity and innovation exhibited by
the entrepreneurial spirit. In 2013,
restaurant operators will continue to
explore ways of navigating the rocky
landscape to find the road to success."
From healthy to hedonistic
Menu trends this year have ranged
from healthy to hedonistic - with
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Corporate Profiles
Table of Contents for the Digital Edition of Milling & Baking News Corporate Profiles - November 2013
Milling & Baking News Corporate Profiles - November 2013
Table of Contents
Editorial - Share price performance remains at odds with food industry financials
Grain-based Foods - Break-up of Hostess reverberates across several categories during 2013
Prepared Foods - Soup category simmers while frozen foods sales stay cool
Beverages - Caffeine buzz rushes through the category
Meat and Poultry - Tight beef supplies offer opportunities for competing proteins
Dairy - Milk production grows amid industry struggles
Confectionery - Segment in recovery, but new challenges beckon
Food service - Menu trends range from better-for-you to over-the-top
Gluten-free - Grain-based foods companies get on board growing trend
F.D.A. defines ‘gluten-free’
Company Overview - Aryzta AG
Company Overview - Grupo Bimbo S.A.B. de C.V.
Company Overview - Campbell Soup Co.
Company Overview - Coca-Cola Co.
Company Overview - ConAgra Foods, Inc.
Company Overview - Groupe Danone S.A.
Company Overview - Dean Foods Co.
Company Overview - Dunkin’ Brands Group, Inc.
Company Overview - Flowers Foods, Inc.
Company Overview - General Mills, Inc.
Company Overview - Hain Celestial Group, Inc.
Company Overview - The H.J. Heinz Co.
Company Overview - The Hershey Co.
Company Overview - Hillshire Brands Co.
Company Overview - Hostess Brands L.L.C.
Company Overview - Kellogg Co.
Company Overview - Kraft Foods Group, Inc.
Company Overview - Mondelez International, Inc.
Company Overview - Nestle S.A.
Company Overview - Panera Bread Co.
Company Overview - PepsiCo, Inc.
Company Overview - Post Holdings, Inc.
Company Overview - Smithfield Foods, Inc.
Company Overview - The J.M. Smucker Co.
Company Overview - Snyder’s-Lance, Inc.
Company Overview - TreeHouse Foods, Inc.
Company Overview - Tyson Foods, Inc.
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