Food-to-go & eating out news

16 July 2020
McDonald’s has recommended price cuts to it franchises following last week’s VAT cut announcement by the UK government.  Paul Pomroy, McDonald’s chief executive UK and Ireland commented: “ We welcome the timely package of measures from the UK government to protect the hospitality sector. They enable us, along with our franchisees, to protect our people, absorb the increased costs of oper...
09 July 2020
Leading UK food-to-go retailer, Pret, has announced that 30 sites will close permanently as part of a restructure to cope with the impact of COVID-19.  The closures represent just over 7% of Pret’s 410-strong estate. Two-thirds of the closures will be outside London, including sites in Glasgow, Reading, Cardiff, Edinburgh, Nottingham and Sheffield.  It will also start a consultation to reduce hea...
03 July 2020
US-based Wegmans is permanently closing all its Pub by Wegmans locations, having temporarily closed them during the COVID-19 pandemic. Pivoting towards fast-casual, pickup and delivery Wegmans operated 12 ‘Pub’ restaurants within its stores, offering a casual dining experience and adult beverages. Moving forward, the retailer will focus on fast-casual solutions, including in-store, for pick...
01 July 2020
Leading retailer of food in travel locations, SSP has indicated that it is initiating a major review of its UK operations in the light of slow returning business post-lockdown.  With global sales running 90% below normal levels in June, the business is beginning to see an uptick in traffic in some geographies as lockdowns are eased in North America and Continental Europe.  However, this relative ...
01 July 2020
IGD analysts share their thoughts regarding the impact of COVID-19 on grocery retail channels. “Discount growth could accelerate in the medium to long term” Maxime Delacour, Senior Retail Analyst Prior to the pandemic, the discount channel was enjoying some of the fastest growth in the industry. This is expected to continue, with discount retailers adapting quickly to market trends to ...
30 June 2020
We review Couche-Tard’s fourth quarter performance and its outlook as it navigates the current phase of the COVID-19 pandemic. Key numbers Fourth quarter merchandise and service revenues fell 2.6% to $3.2bn Same-store merchandise revenues fell 6.5% in Europe and 0.5% in the US, while Canada saw a 4.7% increase Fourth quarter operating income increased 87.6% to $769.7m Full year ...
24 June 2020
COVID-19 has caused a monumental shift in consumers’ food and drink habits. Our new Eating In Vs Dining Out report, produced in collaboration with foodservice consultant Peter Backman, explores the impact of COVID-19 on the UK food and drink market and outlines four scenarios for the future. During the pandemic, the boundaries between eating at home and out-of-home, already blurred, have bro...
18 June 2020
Leading food-to-go specialist Greggs has opened 800 of its stores on 18 June for takeaway only, as the first major tranche in its programme to reactivate its total portfolio of over 2,000 stores by early July.  Having been wholly suspended since 24 March the business is offering an edited range from the reopened stores, including a breadth of options for both its key breakfast and lunchtime daypa...
18 June 2020
Figures reported by McDonald’s on performance-to-date in its current quarter indicate that the network’s global sales fell by 30% over the two-month period of April and May.  However, with its lowest ebb in April, when sales were down 39%, May saw a relative recovery to -21%, as demand began to return through progressively reopening restaurants in the course of the month. Continuing drive thru...
18 June 2020
Leading UK coffee shop operator, Costa has announced it is stepping up the re-opening of its sites and will have over 1,100 operating on a takeaway and/or delivery basis by the end of this month.  The business has been progressively opening sites over the last six to eight weeks, but this has stepped up significantly over the last week with over 100 stores being added each day.  With 164 re-opene...