Foodservice Equipment & Supplies magazine’s Post

On the day Foodservice Equipment & Supplies magazine releases its 2024 Distribution Giants Study, M&A activity strikes again in the dealer community as Singer Equipment Co. purchases Mississippi-based Hotel & Restaurant Supply. Interesting deal, for certain. Will this spark more dealer-related M&A this year? Only time will tell.

Over the past two years, we've seen consistent growth in restaurant sales, reflecting resilience and adaptability in a challenging market. However, it's important to note that this growth hasn't quite matched the pace of menu price inflation. This indicates a potential saturation in the industry, where increased costs aren't fully translating into proportional revenue gains. As we move forward, restaurateurs must innovate and find new ways to attract and retain customers, manage costs, and stay competitive in this dynamic landscape. The key will be balancing quality, value, and experience to thrive in a market that's reaching its saturation point. Check out this fantastic article from Restaurant Business Online's Jonathan Maze to learn more. #restaurants #salesgrowth #inflation #markettrends

After a strong Q1, the foodservice and equipment industry is gaining speed that hasn’t been present since pre-2020. Foodservice Equipment & Supplies magazine reports that the top 100 distributors in the industry saw a total increase in sales over $1B in 2023 and are on track for an equally strong 2024. According to those interviewed, after several years of turbulence, things are starting to feel ‘normal’ again. Distributors are seeing account growth, new contracts but also a new business plan that incorporates the world from pre-2020 and lessons learned during the pandemic. “When the supply lines got tight, some operators had to make do by trading down to cheaper brands. That’s not necessarily the case now. While people are looking for solutions, they are cognizant of quality. They have learned that not all brands are the same. Yes, they are cost-conscious, but they are also total-cost-of-ownership conscious." - Jameel Burkett, president and CEO of Burkett Restaurant Equipment We are excited to see so many of our trusted distribution partners on this list and anticipate a great year ahead. Check out the list: https://lnkd.in/dxW2W4hE

The big have gotten bigger, with those top 500 generating about $424 billion of the industry’s roughly $1 trillion in sales. The entire supply chain and incentive programs of foodservice needs to change or we will be a world of chains

Casey's expects to test a dual foodservice program in some CEFCO Convenience Stores locations before it fully integrates the newly acquired company, Darren Rebelez, chairman, president and CEO of Casey’s, said during the company’s fiscal second quarter earnings call on Tuesday. https://lnkd.in/epdiYb6w

While food is the core of any restaurant business, exploring additional revenue streams can provide significant opportunities for growth and profitability. Bradley Saxe, Co-CEO at Goldbergs Group, will join a panel of experts at Restaurant Franchising & Innovation Summit 2025 who will delve into strategies for diversifying your restaurant's income, including: ✅ Merchandise and retail ✅ Catering and event services ✅ Meal kits and delivery services ✅ Partnerships and collaborations #RFISummit #restaurants #strategy #growth

Guzman y Gomez Mexican Kitchen Ltd (ASX:GYG) has reported above-expectation comparable #salesgrowth in its Australia segment for the first quarter of the 2025 financial year (July 1 to September 30, 2024). GYG has a market capitalisation of nearly $4 billion and booked first-quarter sales in Australia of $260.2 million, up from $214.8 million over the same period last year. Total sales rose to $278.8 million from $230.9 million a year earlier. The company remains on track to hit prospectus forecasts for earnings in 2025. Guzman y Gomez is forecasting fiscal 2025 sales of $428.2 million, earnings of $59.9 million and a net profit of $6 million. The growth was driven by strong delivery performance, the successful implementation of the ‘Clean is the New Healthy’ campaign and increased demand for value menu options such as the $12 #ChickenMiniMeal. More at #Proactive #ProactiveInvestors #fastfood #MexicanFood #ASX http://ow.ly/efzO105Lw2j

While some customers still think of c-stores as a fuel-up spot with a “smokes and Cokes” store attached, many companies are changing those perceptions. Chains like Casey’s General Stores, Wawa and Buc-ee’s are becoming renowned for the meals customers can find inside. As the landscape continues to change, C-Store Dive has put together a selection of top foodservice-related news since the beginning of 2024. https://lnkd.in/eUA77XVY

Read about SWA’s work to ensure a thriving net zero Scottish wholesale sector in this month’s Better Wholesaling Sustainability feature. 🌍🌲 Our sustainability & decarbonisation programme provides support, information, and practical guidance to help every member, whether they are just starting out, or are further along on their journey to net zero and environmental sustainability. Among the support available is action on food waste, highlighted in the feature by our recent collaborative work with Mark Murphy Dole plc and Zero Waste Scotland, which resulted in a 33% reduction in food waste for the company. 🍽️ To find out more about reducing food waste, read the case study below, or contact us for more information. 🔗https://lnkd.in/euNCpKx3 Paul Hill, Ernie Miller, Scotland Food & Drink Partnership Net Zero Commitment #netzero #foodwaste #scottishwholesale

Fancy focus group? I much prefer reading real reviews from real customers. The testimonials we see online everyday are indisputable evidence of how well Shanky's Whip is being received in the real world. Here is an example of the consistent 5 star reviews we get everyday on Shanky's ⭐⭐⭐⭐⭐ We love to see it! Biggar & Leith Lafayette Imports Binny's Beverage Depot #review #testimonial #customertestimonial #retail #online #onlinestore #onlinereviews #irishwhiskey #whiskey #whiskeybusiness #spiritsbusiness #innovation #ireland #madeinireland #irish #homepremise #athome #focusgroup #marketing #sales #spiritsmarketing