Here's the latest in foodservice
| Insights from the Leader in Foodservice Intel | | TOP 500 RESTAURANTS | | | How 20 restaurant companies performed in their latest quarters
As the first quarter of 2022 came to a close, the challenges facing the restaurant industry remained mostly the same as they were: inflation, supply chain, labor.
Same-store sales rose at restaurant chains across all segments, with only a few reporting drops. Domino’s in particular lost momentum, blaming its same-store sales decline on labor shortages, supply chain issues and politics. Many quick-service brands pulled out of Russia in the quarter, a response to that country’s invasion of Ukraine. |
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| FAST CASUAL | | | Smokin’ Oak delivers its pizzas with a side of self-serve alcohol
When Linda Black opened Pi Wood Fired Pizza in 2009, she had no idea it would morph into Smokin’ Oak Wood Fired Pizza and Taproom with her friend Matt Mongoven just six years later.
After a lifetime in the restaurant industry, Black opened her own fast-casual wood-fired pizza restaurant in Rochester, Minn., in 2009 when no one else was on the trend nearby. She was focused on handspun dough, fresh ingredients, and real wood-fired pizza. |
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| FINANCE | | | When are price increases warranted?
So many events have occurred over the past couple of years that they have put all industries in a see-saw balancing act weekly. Situations like a cargo ship stuck in a canal, two countries at war, COVID's continued resurgence, and widespread labor shortages have caused so much disruption across the board that we’ve all needed to get very creative in our operations to navigate uncontrollable factors.
With inflation touching a 40-year high, many in the hospitality industry have been re-evaluating how their restaurants are operating. |
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| CHEF INSIGHTS | | | Take a look at the winners of the 2022 James Beard Foundation Restaurant and Chef Awards
After a two-year hiatus, the James Beard Foundation resumed its annual celebration of the restaurant industry with its Restaurant and Chef Awards.
Essentially cancelled in 2020 and 2021, replaced by broader celebrations of the industry as restaurants faced unprecedented challenges due to the pandemic and associated restrictions, the awards now have new judges and new criteria. |
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