So who wouldn’t enjoy an Egg McMuffin for dinner? How about someone concerned about the nation’s egg supply, ChicagoBusiness.com reports. With the nation’s restaurants already struggling with a limited egg supply, the recent announcement by McDonald’s could well strain an already slim supply of eggs, says Technomic’s Darren Tristano. What does that possibly mean? How about higher prices for everyone and more imported eggs. Egg prices are already historically high, due to the Avian flu’s decimation of the U.S. chicken supply. Prices may even go higher with the holidays approaching, Tristano notes. Still, McDonald’s is banking on the all-day Egg McMuffin to add 3% to its anemic bottom line.
The All-Day Breakfast Trend Continues
White Castle, famous for its mini-burgers, often referred to as sliders by burger aficionados, is working on another claim-to-fame – an all-day breakfast menu. The 390-chain fast-food business began offering its new menu last week, FoodBusinessNews.com reports. The announcement came one day after its larger rival McDonald’s announced its plans to offer all-day breakfast items.
Millennials Making Their Presence Felt
Millennials love to snack, which means they have more opportunities to eat. That fact is not lost on perceptive restaurants that are cooking up entirely new menus to attract these increasingly well heeled and numerous clientele, SmartBlog reports. With 40% of the demographic saying that snacking is important, their opinions are fueling a new trend that plays into the continued growth of smaller sample servings that feature fresh, local, organic, vegan, chocolate, and ancient and sprouted grains. “At the end of the day, identifying these growth opportunities and capturing them is the important thing,” Sally Lyons Wyatt, executive vice president and practice leader of snacks for IRI, says.
Key Word For Growth In Sauces: Natural
There are two words that move mountains in the sauces, dressings, and condiments market: organic and natural. According to Technavio, the market for these products is growing at a 3% clip per year. What tops the list in sauces? Tomato sauce, soy sauce, mustard sauce, chili sauce, bechamel sauce, and hollandaise sauce. As for dressings, no real surprises, with mayonnaise, red wine oil and vinegar, Caeser, Italian, and Russian coming in as fan favorites.
August Restaurant Sales Up 1.7%
It may not seem like a lot, but August sales in restaurant industry posted a 1.7% improvement over the previous month, Nation’s Restaurant News reports. That means year-to-date increases total 2.2%. The trend is encouraging. There has been consistent growth since last August. Restaurant traffic remains low, but it is improving. Finally, the industry is on track to enjoy its second-best quarterly results since 2012.
Subway Moves To Antibiotic-free Meats
Under pressure from the Natural Resources Defense Council (NRDC), Subway announced that it will begin using antibiotic-free chicken, and will do the same for all meats once the giant chain finds adequate substitutes for its 44,000 restaurants. More than 60 environmental organizations are targeting Subway to abandon the use of chicken treated with human antibiotics. In response, the company said it shares those concerns and is working towards a solution with all of its suppliers, but admitted it is challenging for a chain its size. “We’re hoping to see a more concrete commitment,” Lena Brook, NRDC food policy advocate, says. “We’d love to see Subway become a leader on this issue, rather than a laggard.” She told Nation’s Restaurant News. “We’re here to help them figure out the details about what it takes to be strong antibiotic stewards.”
Got A Great Restaurant Concept? Crowdfund
Ever hear of Kickstarter? If you are interested in growing new restaurant concepts, remember this: crowdfunding through sites like Kickstarter raised more than $5 billion more than venture capital, Restaurant Hospitality says. “Restaurateurs who are design savvy and social media fluent are using crowdfunding to finance restaurant expansions, food trucks, packaged foods, and pop-up dinners,” says Tim Lyum, an accomplished restaurateur with several projects under his belt in the San Francisco Bay Area.
Google Maps Now Provides Restaurant Recommendations
Walking through Times Square and looking for a good place to eat? Now Google maps are providing users with more than just directions. Depending upon past choices, location, and time of day, Google is providing restaurant suggestions, Restaurant News reports. While many consumers might find that helpful, some restaurants may be wondering if the listings play favorites.