Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of Aug. 9, 2021

Page created by Melanie Coleman
 
CONTINUE READING
Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of Aug. 9, 2021
Industry
Insights
A roundup of noteworthy Canadian foodservice
findings for the week of Aug. 9, 2021
Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of Aug. 9, 2021
Keep track
of the top
chains
Staying up to date on competitive
performance is crucial to effectively
differentiate and win business. Schedule
a demo of Technomic’s Ignite Company
today to see how we can help.

info@technomic.com | technomic.com

© 2021 Technomic, Inc.
Industry Insights A roundup of noteworthy Canadian foodservice findings for the week of Aug. 9, 2021
I G N I TE C O M PAN Y
                                                                                                TIM HORTONS SAME-STORE SALES
                                                                                                  YEAR-OVER-YEAR CHANGE (%)

Tim Hortons Shows                                                                     Q2 2019                              0.7%

Signs of Rebound                                                                      Q3 2019                      -1.2%

                                                                                      Q4 2019                    -4.6%
Tim Hortons wrapped up the second           Louisiana Kitchen. Burger King’s global
quarter of 2021 with Canadian               same-store sales grew by more than
systemwide sales up by nearly 30%           18% in the second quarter, while          Q1 2020             -10.8%
from the year prior. Despite an uptick in   Popeyes’ global numbers declined by
sales, its total location count in Canada   0.3%.
shrank slightly from this time last year,                                             Q2 2020 -29.9%
falling from 3,997 to 3,938 stores.
The bump in total system sales was
                                                                                      Q3 2020           -13.7%
largely due to a 27% increase in same-
store sales over the year prior. This
marks the first term of positive
comparable sales growth since mid-                                                    Q4 2020            -11.9%
2019.
Restaurant Brands International, the                                                  Q1 2021                     -3.3%
parent company of Tim Hortons, also
owns Burger King and Popeyes
                                                                                      Q2 2021                                     27.4%

Source: Technomic Ignite Company

© 2021 Technomic, Inc.                                                                                                                    3
I G N I TE M E N U                                                                                KEY FINDINGS

Key Takeaways From                                                                                Canadian menu item counts are
                                                                                                  down 9% comparing pre-pandemic
                                                                                                  menus to today. However, in Q2
                                                                                                                                         Comfort is still key, as craveable
                                                                                                                                         classic ingredients such as cavatelli
                                                                                                                                         (+64%) and chicken thighs (+57%)

the Q2 2021 Ignite
                                                                                                  2021, we saw the first uptick in       show increases.
                                                                                                  average number of items on
                                                                                                  operator menus in a quarter            Value and variety continue to be
                                                                                                  since the year prior, a sign that      major traffic drivers, with value

Menu Data
                                                                                                  operators are building their menus     meals (+12%) and build-your-own
                                                                                                  back up.                               value meals (+700%) growing
                                                                                                                                         significantly over the course of the
                                                                                                  Health halo items, especially plant-   pandemic.
Technomic’s recently published                            findings in the Q2 2021 data can help   based food and beverage, are
Canadian Food & Beverage Takeaways                        illuminate the impact of COVID-19 on    trending extensively, including oat
summarized crucial trends from Q2                         menus and how operators can best        milk (+133%) and plant-based beef
2021 Ignite Menu data. The pandemic                       move forward to make a strong           (+65%).
has proved difficult for operators, but                   comeback.
growing ingredients and gradual
                                                          Please check out the whitepaper,
recovery to menu item counts give a
                                                          available now on Ignite, or contact
reason for hope in the year ahead.
                                                          Technomic at info@technomic.com for
Although we usually showcase year-                        information on how to access it.
over-year changes in data, because this
past year has been anything but usual,
the current view compares Q1 2020
data to our current quarter of Q2 2021,
allowing us to contrast pre-pandemic
menu data compared to today.
Although we still have a long way to go
on the road to recovery, our key
                                                                                                                                                                 Hibiscus iced tea
                                                                                                                                                         Image Source: Shutterstock

Source: Technomic Ignite Menu national food trends data
Image Source: Shutterstock

© 2021 Technomic, Inc.                                                                                                                                                           4
I G N I TE C O N S U M E R                                                                                                  ANTICIPATED CHANGE IN BURGER CONSUMPTION AFTER

Burger Consumption
                                                                                                                                         THE PANDEMIC SUBSIDES

                                                                                                                                                                                   49%
                                                                                                                            My burger consumption will not
                                                                                                                                                                             33%

Changes Post-
                                                                                                                                       change
                                                                                                                                                                                     55%

                                                                                                                         I will order burgers while dining at        18%
                                                                                                                           restaurants instead of ordering            20%

Pandemic
                                                                                                                                        takeout                      17%

                                                                                                                         I will order burgers while dining at        15%
                                                                                                                           restaurants instead of ordering             21%
Nearly half of consumers expect their                          again, but online burger ordering will                                   delivery                    13%
burger consumption will change after                           continue to be a big part of consumers’
COVID-19 subsides. This means that                             lives after seeing how convenient it has                                                            11%
                                                                                                                          I will order burgers from different
not all behaviour formed during the                            been during the pandemic.                                                                             17%             Overall
                                                                                                                              restaurants than I am now
pandemic is permanent, as many                                                                                                                                    8%
                                                                                                                                                                                     18-34
expect to be dining out more often.
                                                                                                                                                                   10%               35+
However, the other half of consumers                                                                                  I will order burgers for different types
                                                                                                                                                                     15%
say their consumption will remain                                                                                       of meals/occasions than I am now
                                                                                                                                                                  8%
unchanged, proving to some extent that
habits of ordering takeout and delivery                                                                                                                           9%
may stick.                                                                                                                 I will order burgers with different
                                                                                                                                                                   13%
                                                                                                                           groups of people than I am now
There will be a return to dine-in service                                                                                                                        7%
as restrictions are lifted and consumers
                                                                                                                                                                  7%
look to go out with friends and family                                                                                I will order different types of burgers
                                                                                                                                                                    12%
                                                                                                                                   than I am now
                                                                                                                                                                 5%

Base: 1,000 consumers who eat burgers                                                                                                                               15%
Q: Looking ahead, how do you expect your burger consumption from restaurants and other foodservice locations will                                   Not sure        15%
change once the pandemic subsides (i.e., population reaches herd immunity and all COVID-19-related restrictions are
lifted)? Select all that apply.                                                                                                                                     15%
Source: Technomic Ignite Consumer featuring the 2021 Canadian Burger Consumer Trend Report

© 2021 Technomic, Inc.                                                                                                                                                                         5
G L O B AL F O O D S E RV I C E N AV I G ATO R

Immunity Boosts
Functional Ingredient
Trend
A year and a half into the pandemic and                  Restaurant Toks
immunity remains a popular callouts on
                                                         Mexico’s No. 2 FSR introduced a new
restaurant menus. Recent examples:
                                                         Immunity Juice billed as an immune-
Black Canyon Coffee                                      defense juice made with apple, beet,
                                                         orange and carrot.
Thailand’s No. 8 restaurant chain rolled
out a menu of food and drinks featuring                  Yoshinoya
finger root and ginger—touting them as
                                                         In Japan, where states of emergency
immunity boosters.
                                                         may soon increase, the venerable beef
Macao Imperial Tea                                       bowl brand is touting protein, barley,
                                                         okra and tororo (a grated yam
The beverage specialist’s new
                                                         preparation) in its new Beef & Barley
Malunggay Series of tea drinks in the
                                                         Rice as immunity boosters.
Philippines features immunity-boosting
ingredients such as malunggay, ginger                    Technomic is the global menu trend
and okra.                                                leader, tracking 800+ chain menus
                                                         globally each month for new products
                                                         and innovations.

Source: Technomic Global Foodservice Navigator Program                                            Image Source: Shutterstock

© 2021 Technomic, Inc.                                                                                                    6
WAN T M O R E I N S I G H T S ?

                                                                                                          Since 1966, we have
    You can get this                Ignite Company                    Ignite Menu
                                                                                                           produced in-depth
                                    See where restaurant chains       Pinpoint the latest menu trends
   report delivered to              are, how many units they have     and see what’s on the horizon.    research focused on the
     you bi-weekly!                 and how well they’re doing.
                                    Explore>>
                                                                      Explore>>
                                                                                                          foodservice industry.
           Sign up here>>
                                                                                                         We provide insights into consumer,
                                                                                                            industry and menu trends in
                                                                                                         the U.S., Canada and 23 countries
                                                                                                                  around the world.

                                                                                                         Our team of experts helps leaders
 Ignite Consumer                    Global Foodservice                                                     in the industry make complex
 Get to know your customers’        Navigator                                                             business decisions, set strategy
 customers through 60+ attributes   Understand the global industry,                                         and stay ahead of the curve.
 and visit occasion metrics.        from menu trends to consumers,
 Explore>>                          in 25 countries. Explore>>
                                                                                                        Have questions about this report?
                                                                                                              Reach out to us today.

                                                                                                                   312-876-0004
                                                                                                               info@technomic.com
                                                                                                                  technomic.com

© 2021 Technomic, Inc.
You can also read