Showing posts with label poultry consumption trends. Show all posts
Showing posts with label poultry consumption trends. Show all posts

Wednesday, November 18, 2015

Popeyes reports higher net income, market share in Q3

Popeyes Louisiana Kitchen gave an upbeat picture of the company’s progress during the third quarter of fiscal year 2015, citing an increase in net income, an increase in same-store sales and a gain in domestic market share among U.S. quick service restaurants (QSRs) that specialize in chicken.
The company on November 11 reported a net income of $10.6 million for the quarter, up from the $9.8 million recorded during the third quarter of fiscal year 2014. The fiscal year ended October 4.
The Atlanta-based company also reported a 6 percent increase in global same-store sales so far in 2015. Domestic same-store sales are up 5.6 percent, while international same-store sales are up 9.1 percent. This follows a trend of growth established a year ago, as global same-store sales grew by 7.3 percent in 2014.
"We are pleased to report another quarter of strong sales and earnings. Our combination of innovative menu offerings, media, and messaging delivered global same-store sales of 6 percent and continued market share gains. Going forward, increasing cash flows give us the opportunity to invest in key organic growth strategies, including people initiatives, technology and international expansion. We believe the execution of these strategies will help ensure strong, sustainable financial performance for all of our stakeholders. The board approved a $200 million dollar share repurchase authorization to replace the current authorization," commented Cheryl Bachelder, Popeyes CEO.

Popeyes gains market share among chicken QSRs

Citing independent data, Popeyes reported that its domestic same-store sales have outpaced the chicken quick service restaurant (QSR) segment for 30 consecutive quarters, and the  overall QSR segment for 16 consecutive quarters, according to independent data.
According to the company, Popeyes has increased its domestic market share of the chicken QSR category to 26 percent, compared to 23.7 percent in 2014.

Monday, November 16, 2015

Wingstop’s net income soars in third quarter

Wingstop, a growing quick service restaurant chain specializing in chicken, reported a significant growth in net income during its third quarter of fiscal year 2015. The quarter ended September 26.
The chain achieved a net income of $3.2 million during the quarter, up dramatically from the $2 million reported in the same period during fiscal year 2014.
Wingstop, founded in 1994 headquartered in Dallas, now has 807 locations worldwide, 756 of which are in the United States. The chain also has branches in Mexico, Russia, Singapore, the Philippines, Indonesia and the United Arab Emirates.
"We delivered another solid quarter driven by robust top and bottom line growth attributable to effective execution of our growth strategy. So far this year we have opened 95 net new franchised restaurants and are on track to increase our annual restaurant count by 125-130 restaurants, representing approximately 18 percent unit growth. In addition to our unit growth we had another strong quarter of same store sales growth and are on track to deliver our 12th consecutive year of positive same store sales. We are also proud to have opened our 800th restaurant this past quarter as we continue our growth towards our 2,500 unit domestic potential."

CEO: Hain Pure Protein segment ‘is on fire’

Hain Celestial President and CEO Irwin Simon indicated less than two month ago that he expects the company he oversees to become a growing player in the U.S. poultry industry. Speaking again during the company’s quarterly earnings call on November 5, he backed up those words, revealing that plans for a new poultry plant are in the works.
The organic and natural foods company recorded record revenues and sales during the first quarter of fiscal year 2016, and Simon pointed out that Hain Pure Protein, the company’s poultry segment, had a lot to do with that success, with its FreeBird and Plainville Farms brands growing 27 percent.
“We’ve had unbelievable demand from many, many retailers,” said Simon. “Here is a category that is on fire.”

New poultry plant to be added

To meet the demand for its poultry products, Hain Pure Protein is planning to build a new broiler plant. This would help the company increase its capacity by 25 percent, Simon said. Simon said he expected to have the plant online in the third quarter of 2016, but did not elaborate further about the plant. When contacted after the conference call, company officials said more information regarding the potential plant would be coming soon.
Simon is confident the 25 percent increase in capacity will be easily met, stating, “The demand is there. We can sell all we can get.”

Holiday turkey sales expected to be high

With the growing demand for antibiotic-free (ABF) turkey, Simon is anticipating a surge in sales for its Plainville Farms turkey brand during the Thanksgiving and Christmas holidays. “We’re entering our biggest turkey and ABF meat season with the up and coming holiday in November and December. This year, we will sell over 1.8 million turkeys for this year’s Thanksgiving,” he said.

Wednesday, September 30, 2015

Boneless chicken wings return to SONIC

Back by popular demand, SONIC® Drive-In has announced the return of Boneless Wings with a lineup of exciting flavors for the ultimate wing experience. Tossed with sauces infused with bold ingredients like ginger, spicy habanero sauce, lemongrass, garlic and honey, these fan favorites will please any wing lover.
Sonic's Boneless Wings are made with 100 percent all white-meat chicken and are available in six mouth-watering sauces, each loaded with bold flavor: Garlic Parmesan, Honey Barbeque, Asian Sweet Chili, Buffalo, Island Fire™ and Extreme Habanero Heat. Wing lovers across the nation can also spend their Monday nights at Sonic for Wing Night in America! Every Monday night until Dec. 20, from 5 p.m. to close, Boneless Wings are buy one, get one free.
"Our guests' response was incredibly positive last year when we first introduced our Boneless Wings as a limited time offer. Our team of culinary experts developed a host of exciting new flavors we cannot wait for our fans to try," said Todd Smith, chief marketing officer for Sonic Corp. "Our new lineup elevates sauces to the next level in a way you won't find anywhere else."

Wednesday, August 26, 2015

Maple Leaf Farms introduces roasted duck legs

Adding duck to the menu just became easier as Maple Leaf Farms, North America’s leading producer of quality duck products for foodservice and retail markets, recently introduced Roasted Duck Legs for chefs and caterers. The White Pekin duck legs are lightly seasoned and oven roasted until tender and juicy. They are ideal served whole as an entrĂ©e with a signature sauce and can be shredded for use in sandwiches, salads, soups and pastas. The fully cooked Maple Leaf Farms Duck Legs bring consistency to a menu with minimal kitchen effort.
 
Duck is a major culinary trend according to Food Navigators Hottest Trends report and a platform for creativity. Duck’s sophisticated and unique flavor profile brings excitement to a menu and appeals to today’s adventuresome diners.
 
“The oven roasting process locks in flavor and juices and reduces prep time significantly, allowing chefs to focus on creativity and signature presentations,” said Scott Swaidner, R & D manager about the new roasted duck legs.

Friday, July 24, 2015

7 factors that influence how consumers purchase chicken

Thursday, July 23, 2015

9 things you should know about US chicken consumption

Wednesday, July 15, 2015

Shake Shack chain adds chicken to its menu

Tuesday, July 14, 2015

Chicken consumption in US remains high, survey shows

Thursday, May 14, 2015

Poultry tops Arabic trade list at Brazil supermarket fair

Thursday, April 16, 2015

Eating chicken, eggs could slow climate change

Friday, April 3, 2015

Burger King brings back Chicken Fries permanently

Monday, March 2, 2015

Chicken Selects to return to McDonald's menu

  • WATT Global Media
    McDonald's is bringing Chicken Selects back to its menu after having discontinued the chicken tenders item in 2013.
    From WATTAgNet:
    McDonalds is bringing back Chicken Selects, a chicken tenders menu option that it discontinued in 2013. Chicken Selects will begin appearing at McDonald’s restaurants for at least a limited time, beginning in early March.
    According to McDonald’s spokeswoman Terri Hickey, the move not only makes economic sense as beef prices continue to be high, but it also is a response to customer demand.
    “We are always listening to our customers and evolving our menu offerings to reflect their tastes and preferences, and we are excited to bring back this item that customers told us they enjoyed,” Hickey said.
    Chicken Selects had been on the McDonald’s menu for 10 years, before the company decided to trim down its menu offerings. The move comes in spite of a McDonald’s decision made two months earlier to further streamline its menu.
    One analyst believes McDonald’s decision to reintroduce chicken tenders in its restaurants will be good for the poultry industry, as it should raise demand for chicken, therefore driving up prices and stabilizing the supply.
    “It’s a good thing for the chicken industry,” said Brett Hundley, an analyst for BB&T Capital Markets. “Continuing limited-time offers are definitely a positive for keeping supply and demand aligned.”

South Africa's RCL Foods relies less on frozen chicken sales

  • Andrea Gantz
    RCL Foods is shifting away from frozen chicken sales and relying more on smaller birds.
    From WATTAgNet:
    South African company RCL Foods has significantly reduced its reliance on low-profit frozen chicken by producing smaller birds that can be sold at higher prices to restaurants.
    Individually quick frozen (IQF) chicken products, sold to supermarkets, yield thin margins for domestic poultry producers, partly thanks to what the industry sees as "dumped" imports of cheap portions, the company said. Poultry producers make more money selling to fast-food chains, though they can only supply those customers with smaller birds that fit specific weight requirements.
    RCL Foods CEO Miles Dally said February 18 that his company, which produces poultry under its Rainbow Chicken brand, had reduced IQF volumes by about 40 percent by ensuring its birds were the right size.
    IQF now makes up less than 25 percent of Rainbow’s total volumes of about 5-million birds a week. Dally said RCL was producing lower volumes and smaller chickens, but with higher margins. "We’ve made massive strides" in terms of margins, he said.
    Margins in IQF would improve if import tariffs became effective and when the government enforced caps on the amount of brine water that can be injected into frozen chicken, Dally said.
    "We took a decision a while ago to cap our injection at a level that we thought was appropriate. We haven’t even felt the benefit of that yet, so we’ve had to try to do other things while we wait for the government to enforce this cap that they’ve agreed to," said Dally.

Monday, February 16, 2015

Yum! Brands reports net loss of $86 million in Q4

  • Julie Graber
    Yum! Brands, parent company to KFC, experienced drops in net income for fiscal year 2014 and its fourth quarter of 2014.
    From WATTAgNet:
    Yum! Brands reported a net loss of $86 million for the fourth quarter of fiscal year 2014, but for the year, the company experienced a net income of $1.05 billion. Both are down from the company’s performance in 2013, when Yum! Brands posted a net income of $321 million for the fourth quarter and $1.09 billion for the year.
    Yum! Brands, the parent company of KFC, Pizza Hut and Taco Bell, aims to recover after it experienced a loss in sales when consumer confidence was down in 2014 after an incident in China where a supplier to KFC and Pizza Hut locations in China allegedly repackaged expired meats with false expiration dates.
    Also cutting into the company’s net income was a $361 million charge related to Little Sheep, a Chinese fast-food chain the company acquired in 2012. The company stated the Little Sheep business has performed below expectations since it was acquired. Yum! Brands previously took a charge of $258 million related to Little Sheep in 2013, and the company said the remaining carrying value of the business is about $100 million.
    The company said system sales in its KFC division rose 6 percent in 2014; Pizza Hut system sales rose 1 percent, and Taco Bell system sales rose 4 percent.
    Greg Creed, CEO of Yum! Brands, said the company anticipates "a strong second half of 2015 as the turnaround gains momentum."

Friday, January 30, 2015

Perdue launches antibiotic-free chicken products for schools

Americans to eat 1.25 billion chicken wings for Super Bowl

Thursday, January 29, 2015

What are poultry, meat consumers looking for in the future?

Tuesday, January 27, 2015

Cherkizovo introduces new line of ready-to-cook chicken products

Hain Pure Protein extends relationship with Panera Bread