Are We Facing a Restaurant Recession?

The Top 500 restaurant market is in a slump right now. With the lead dining brands’ same-store sales visibly lagging this past second quarter, some analysts and reporters are even using the phrase “restaurant recession.” At reporting chains, year-over-year same-store sales only increased half of a percentage point in quarter two, the slowest growth seen […]

Canadian foodservice industry faces the challenges of a dropping loonie and rising food costs

Just this month, the Canadian dollar dropped to an unprecedented low, reaching 69 cents U.S. for the first time in about a decade. Some forecasters even predict the value of the loonie will continue to drop as much as 10 cents to reach a record low of 59 cents U.S. by the end of the […]

Looking Ahead: Top 500 Unit-Growth Forecast

Technomic’s unit-growth forecast for Top 500 chains helps draw a map of what to expect from the chain-restaurant industry as we approach the end of 2015 and move into the New Year. We recently compiled this Top 500 chain unit-growth forecast for 2015 using third-quarter unit counts obtained from public company filings, web collection and […]

Technomic Spotlights Five Food Trends for Canada’s Restaurant Industry in 2016

Heading into 2016, what’s on the horizon for the Canadian foodservice industry? Leading food research and consulting firm Technomic sees these buzzworthy food and restaurant trends making a big impact in the coming year: Trend #1—Oktoberfest all year. Canadian diners are now embracing the food and drink of the Bavarian fall festival year round. There’s […]

The On-Demand Delivery Revolution

We have just released Technomic’s trend predictions for the coming year. I’d like to take a closer look at No. 10—what we’re calling “The Delivery Revolution”—which may transform the foodservice industry more than the other nine trends put together. The proliferation of order-and-pay mobile apps and third-party online ordering and delivery services like GrubHub is […]

Technomic’s Take: 2016 Food Trends

The U.S. restaurant industry is evolving in profound ways, according to Technomic. The nation’s leading food research and consulting firm lays out 10 trends that may prove transformational in 2016, ranging from menu tweaks to technological and social upheavals. Technomic’s consultants and experts base their annual predictions on site visits in trendsetting cities plus interviews […]

How the Next Decade Will Make or Break Food Brands

Technomic forecasts the food industry grow to more than $2 trillion in annual sales by 2025, which certainly seems like a giant number. However, that headline figure comprises growth from many categories, each of which offers the opportunity to gain market share to companies that recognize changing consumer preferences and invest in innovation. According to […]

What Wall Street Sees

To gauge what 2015 may bring, I’d like to explore the surge in IPOs, acquisitions and private-equity investments in restaurants. A closer look at the chains making financial news shows us where investors think industry growth will occur. At least in the short run, those who bought into restaurants’ initial public offerings in 2014 have […]

Consumer Trends Continue to Evolve in 2015

It’s difficult to anticipate the next shift in restaurant consumers’ preferences and need states, but operators can count on one expectation heading into 2015: Consumers will expect more from their brands, especially in the areas of technological amenities and food quality. Meeting those evolving demands will require restaurant leaders to invest heavily in their brands. […]

5 Foodservice Stats to Toast at the Close of 2014

As restaurants and retailers wait eagerly for December’s final sales numbers to roll in, let’s pause to enjoy five stats worth celebrating from 2014. Many Americans are feeling better about their finances! Forty-two percent of American consumers polled by Technomic and American Express in November this year said they are “living comfortably” or are “very […]