Industry Insights A roundup of noteworthy foodservice findings for the week of May 17, 2021
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Industry Insights A roundup of noteworthy foodservice findings for the week of May 17, 2021
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© 2021 Technomic, Inc.I G N I TE C O M PAN Y
Same-Store Sales
QUARTERLY U.S. SAME-STORE SALES
WEIGHTED AVERAGE* CHANGE VS. PRIOR YEAR
Results Spike in Q1 9.1%
After a tumultuous 2020 due to the double-digit quarterly increases from
COVID-19 pandemic, same-store sales several key segment players, including
results for publicly held chain McDonald’s, Wendy’s, Domino’s and
restaurants improved significantly Chipotle.
during the first quarter of 2021, jumping -1.9% -2.5% -2.7%
by an average rate of 9.1% on a year-
over-year basis.
Despite notably improved results from
many full-service chains, overall
segment results remained negative
during the first quarter, falling by 4.5%.
Limited-service chain results were
significantly stronger, with Q1 same-
store sales rising by 12.0%, boosted by -18.0%
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021**
*Weighted average calculated using respective chain sales
**Preliminary reporting
Note: Results are only inclusive of publicly held chain restaurants
Sources: Technomic Ignite company data
© 2021 Technomic, Inc. 3I G N I TE M E N U
What’s Next in Plant-Based Fare?
Plant-based alternatives, particularly swaps out the traditional pork and/or based” to healthier foods and
imitation meats, continue to trend on beef blend filling with imitation meat. beverages.** This, paired with the
menus. In Q1 2021 alone, Top 500 recent news that Epicurious won’t be
Some have even thrown their hat into
chains launched 69% more imitation publishing new beef recipes and New
the patty ring by introducing crumbly
meat limited-time offers* than in all of York City’s famed Eleven Madison Park
textured nutmeat as an alternative to
2020 (27 launched in Q1 2021 is going 100% plant-based (both in
these imitation meats. Sunflower Drive
compared to 16 launched in all of efforts be more sustainable), means
In in Sacramento, Calif., menus the
2020). So, what’s next? operators will likely find more ways to
Nutburger with raw nutmeat, featuring a
incorporate plant-based offerings on
Plant-based burgers are common, but blend of mushrooms, walnuts and
their menus in the years to come.
now, operators are challenged to think spices.
outside the bun when it comes to
The evolution of plant-based fare will
innovating plant-based fare and some
likely continue as consumers look for
already have. Anju’s Restaurant in
more ways to eat healthfully and
Washington, D.C., for example, menus
sustainably. In fact, 54% consumers
Yache Wang Mandu, a dumpling that
say that they relate the term “plant-
Plant-based burger made with
mushrooms, beans, nuts and grains
*Includes imitation meat found in bowls, sandwiches, breakfast sandwiches, burgers, burritos and tacos Image Source: Shutterstock
*Source: Technomic Ignite menu data, Q1 2020-Q1 2021
**Base: Approx. 565 consumers who ever eat at foodservice
**Source: Technomic 2020 Healthy Eating Consumer Trend Report
© 2021 Technomic, Inc. 4I G N I TE C O N S U M E R
At-Home Channels EXPECTED USAGE POST-PANDEMIC
Will Face More
Competition Ghost/virtual
restaurants
16% 20% 35% 18% 10%
Though not shown here, consumers Meal kit providers and virtual
reported a net increase in usage of restaurants must consider focusing on
meal kits and virtual restaurants during ways to build and maintain loyalty as
the pandemic as dining room restrictions are gradually lifted across
Meal kits 14% 22% 41% 17% 7%
shutdowns led consumers to find new the country. While this could include
ways to source food for at-home special rewards programs for loyal
occasions. customers, focusing on execution and
quality will ultimately be the best way to
Data suggests that some of these
retain customers.
changes could stick, with many meal kit
buyers expecting to maintain elevated More often than I am now, and at least as often as I did before the pandemic
usage. However, consumers overall are More often than I am now, but not as often as before the pandemic
less likely to expect increased usage of
meal kits and virtual restaurants than About as often as I am now
emerging channels that were more Less often than I am now
negatively impacted by the coronavirus
Not sure
pandemic, such as food halls and food
trucks.
Base: Varies by channel usage
Q: Looking ahead, how often do you anticipate ordering food and/or beverage from the following foodservice channels
once the pandemic has subsided and all coronavirus-related restrictions are lifted?
Source: Technomic Ignite consumer data featuring the 2021 Emerging Channels Consumer Trend Report
© 2021 Technomic, Inc. 5G L O B AL F O O D S E RV I C E N AV I G ATO R
3 Chains Rapidly Growing in 2020 UNIT GROWTH IN CHINA
China Despite Pandemic
Haidilao
For many in the restaurant industry, found time for a respectable 9.7% unit Check out the performance for China’s
2020 was a year of disruption, pivots, growth in 2020, ending the year with top 25 chains along with consumer, 68.3%
challenges and survival. Unit growth more than 7,100 locations. menu and industry insights in
was not high atop last year’s key Technomic’s new 2021 China Country
Haidilao
priorities (at least from about March Report.
onward). This hot pot chain grew a staggering
68.3% to surpass 1,200 units. That’s a
But some operators in China apparently
laudable feat for any chain, let alone a Heytea
did not get that memo and instead went
all in on expansion.
full serve. 52.3%
Heytea
Let’s check out which chains saw
massive unit growth in the world’s most- Not just a trendy beverage brand KFC
populous market last year. launching ridiculous quantities of LTOs
each month, but a growth engine as 9.7%
KFC
well, Heytea’s 52.3% unit growth took it
China’s dominant restaurant player to about 720 shops on the mainland.
Source: Technomic Global Foodservice Navigator Program
© 2021 Technomic, Inc. 6COVID-19 DISRUPTION INDEX
COVID-19 Disruption Index is Change Versus Previous Week and
COVID-19
powered by Shortest Track, utilizing AI, Month TOP 5 MOST DISRUPTED MARKETS DISRUPTION
PERCENT PERCENT
machine learning and disparate sets of Change versus previous week/month CHANGE CHANGE
BY INDEX POINT CHANGE INDEX
VERSUS VERSUS
data resources to quantify the potential allows users to see if the market is (VERSUS PREVIOUS WEEK) (MAX: 1.00, HIGH
LAST WEEK LAST MONTH
risks that U.S. businesses face from the becoming more or less disrupted over DISRUPTION)
spread of the COVID-19 virus at the time. Changes that are positive (+)
market level. show a move toward becoming
increasingly more impacted by COVID- 1 Burlington-South Burlington, Vt. 0.536 6.23% 14.61%
The highest index possible is 1.00, 19 (not good). Changes that are
which is not good and reflects markets negative (-) show a trend toward being
that are extremely disrupted. The index less impacted by COVID-19 (good). 2 Glens Falls, N.Y. 0.601 5.01% 11.40%
is updated on a weekly basis.
Ignite Subscribers: Download full 3 Lexington-Fayette, Ky. 0.115 27.20% -26.05%
The COVID-19 Disruption Risk Index market report
shares weekly updates through a
business lens, rather than a health lens, 4 Decatur, Alaska 0.458 4.92% -0.74%
and incorporates more than 20 different
data signals to measure disruption and 5 Birmingham-Hoover, Alaska 0.591 2.68% -2.85%
predict future impact. These signals
include infection rates, deaths, state-
level restrictions and social distancing
requirements, population densities and
mobility, group size limitations and
lifestyle risk factors contributing to
spread. More information is available
HERE.
Notes: Data updated May 10, 2021
Source: Shortest Track
© 2021 Technomic, Inc. 7WAN T M O R E I N S I G H T S ?
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