Restaurants https://www.benzinga.com/views/taxonomy/term/39620 en Dickey's Barbecue Pit Expands Retail Line with New Pork Skins Online https://www.benzinga.com/pressreleases/21/05/g21017667/dickeys-barbecue-pit-expands-retail-line-with-new-pork-skins-online <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>Dallas, May 07, 2021 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=O5aFj_Ux7zdn1ZyS2hNNO0nr_mdwCuY7NJeR3MuE_jbQj2qrUnNuZINTMiShFCbpQkefLYRVIgNWJoQ0J6VPMBm335OCHMdemU88kSWnJgwCp1pMwEVhv6MwBXrDMlFk" rel="nofollow" target="_blank" rel="nofollow">Barbecue retailer and meal subscription service</a> Barbecue At Home by Dickey&#039;s is set to expand its retail line with unbelievably addicting pork skins snack in three flavors which includes an Original, Barbecue and Salt &amp; Vinegar flavors.</p> <p> </p> <p>The new crunchy pork skins are guaranteed to satisfy your snacking needs and will soon be available in over 3,000 stores and online through Dickey&#039;s Amazon storefront on amazon.com or athome.dickeys.com.</p> <p> </p> <p>"We&#039;re embracing our southern roots by rolling out a delicious light, airy and perfectly crunchy pork skin snack," said <a href="https://www.globenewswire.com/Tracker?data=_8dLo2OCXziyGphgh8zylIKZVrB6O-Rkc8T7LoFHCYmn8VsuWPuT9mbACxJakUuV6q0PwQUusaCFeq-i-HA7RoOgbzmPItTvCOf31SQqzwxIajTlXHyPDtA57DWE-9cXDeRLjPf88Q-csCx5eq07jZcv3LSQXUzOfxAPzsHUq4CSSahGtd78LQaxME7Yr7Ty" rel="nofollow" target="_blank" rel="nofollow">Laura Rea Dickey, CEO of Dickey&#039;s Barbecue Restaurants, Inc.</a> "Our focus is to share our Texas flavor with folks across the globe and we look forward to unveiling Dickey&#039;s  Barbecue Pit Original, Barbecue and Salt &amp; Vinegar Pork Skins."</p> <p> </p> <p>Dickey&#039;s plans to release ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21017667/dickeys-barbecue-pit-expands-retail-line-with-new-pork-skins-online alt=Dickey&#039;s Barbecue Pit Expands Retail Line with New Pork Skins Online>Full story available on Benzinga.com</a></p> Restaurants Press Releases General Fri, 07 May 2021 18:48:33 +0000 Globe Newswire 21017667 at https://www.benzinga.com 2 Beyond Meat Analysts Offer Split Opinions About Q1 Earnings https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21014504/2-beyond-meat-analysts-offer-split-opinions-about-q1-earnings <p>The plant-based meat provider <strong>Beyond Meat, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bynd#NASDAQ">BYND</a>) served up a dismal Q1 earnings report yesterday, with a net loss was $27.3 million compared to net income of $1.8 million one year earlier and a gross profit of $32.7 million versus a $37.7 million figure from the previous year. Adjusted EBITDA was a loss of $10.8 million, or -10% of net revenues, compared to Adjusted EBITDA of $13.9 million, or 14.3% of net revenues, in Q1 2020.</p> <p>The company&rsquo;s earnings were studied by a pair of analysts who offered very different conclusions based on the new data.</p> <p><strong>Stephen&rsquo;s Half-Full Glass:</strong> For Stephens &amp; Co. analyst Mark Connelly, Beyond Meat&rsquo;s Q1 results were good enough to warrant an Overweight rating and a $190 price target.</p> <p>Connelly theorized that the company&rsquo;s quarterly numbers were the result of the costs related to investing in research and development, staffing and the expansion of its manufacturing facilities in Europe and Asia.</p> <p>He observed that driving revenues in food service was difficult due to lower capacity or continued closures &mdash;&nbsp;especially in Europe &mdash;&nbsp;and he also seemed unconcerned about additional losses for the remainder of the year.</p> <p>&ldquo;Turning a profit isn&#39;t the priority for 2021, and neither is food ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21014504/2-beyond-meat-analysts-offer-split-opinions-about-q1-earnings alt=2 Beyond Meat Analysts Offer Split Opinions About Q1 Earnings>Full story available on Benzinga.com</a></p> Analyst Color btig BYND food service industry MCD News Q1 earnings Stephens YUM Price Target Restaurants Analyst Ratings Trading Ideas General MCD US5801351017 YUM US9884981013 BYND News Analyst Color Price Target Restaurants Analyst Ratings Trading Ideas General Benzinga Fri, 07 May 2021 16:47:13 +0000 Phil Hall 21014504 at https://www.benzinga.com L-Carnitine Market to Outstrip $262.6 Million by 2027 Growing Sturdy at 4.8% CAGR - COVID-19 Impact and Global Analysis by TheInsightPartners.com https://www.benzinga.com/pressreleases/21/05/g21013346/l-carnitine-market-to-outstrip-262-6-million-by-2027-growing-sturdy-at-4-8-cagr-covid-19-impact-an <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">Pune, India., May 07, 2021 (GLOBE NEWSWIRE) -- <b>L-Carnitine Market: Key Insights</b><br />According to our new research study on "<b>L-Carnitine Market to 2027 – Global Analysis and Forecast – by Material, Product, and End User</b>," the <u><a href="https://www.globenewswire.com/Tracker?data=jQ_880AePWjKEZaW03O7tCGCyNh96_T3bajUG7dHFnPnHWqtrtDBBlx7jz43K_J4dShGnuC1cfg09ph5wEkxWezMj9sJFCyMk3ieEYf-MFJx4ICmmYDE4i_5I3FmGQY7zORuwoeZjd_26oMDPdAJmw==" rel="nofollow" target="_blank" rel="nofollow"><u><b>L-Carnitine Market Size</b></u></a></u> was valued at US$ 172.2 million in 2018 and is projected to reach US$ 262.6 million by 2027; it is expected to grow at a CAGR of 4.8% from 2019 to 2027. Growing Demand for L-Carnitine Supplements to Treat Various L-Carnitine Deficiencies Fuel Market Growth; however, adverse effects associated with it may impede the market growth. </p> <p align="justify"><b>L-Carnitine Market: Competition Landscape and Key Developments</b><br />ALPSURE LIFESCIENCES PVT. LTD; Biosint S.p.A.; Cayman Chemical; ChengDa PharmaCeuticals Co., Ltd; HuangGang HuaYang Pharmaceutical Co., Ltd; Kaiyuan Hengtai Nutrition Co., Ltd.; Lonza Group Ltd; Maxsun Industries Incorporated; Merck KGaA; and Northeast Pharmaceutical Group Co., Ltd are key companies operating in the global L-carnitine market. The market leaders are continuously looking forward to tapping prevailing business opportunities by expanding and diversifying their market presence and acquiring new customer bases.</p> <p align="justify">In May 2019, Lonza made Carnipure, an L-carnitine ingredient, available for direct sale in India. In May 2019, P&amp;G acquired the consumer health business of Merck KGaA, following which the latter changed its name to Procter &amp; Gamble Health Ltd.</p> <p align="justify"><strong>Get Exclusive Sample Pages of L-Carnitine Market - COVID-19 Impact and Global Analysis with Strategic Insights at <a href="https://www.globenewswire.com/Tracker?data=AHRvxGV3irOvzs5E_S7iOkvRY54Zec7ITEmRhgA4n86_ZiPNzOYsu2L2gRmfb9IkSUeIp6ek4UCZfIEjh7I5oNlGZR_Pxlq79QUiOhPrbUnJhXl29L0IkHFamLnvsoPluyjWQGwohs9q05H3gc4tGuV15GO5O411VFzCwWfO0ik-ZY1axIb4qII3ilIPeR1T8mA0TzbtYO8GaXITQTewt2QGYBtfFcLSyPerjugv6rU=" rel="nofollow" target="_blank" rel="nofollow">https://www.theinsightpartners.com/sample/TIPRE00010170/</a></strong><br /></p> <p align="justify">In 2018, North America contributed to the largest share in the global L-carnitine market. The market growth in this region is primarily attributed to the presence of well-established pharmaceuticals and dietary supplements, and food &amp; beverages industries in the US and Canada. Rising demand for anti-aging products, and healthy and nutritional food and beverages is also contributing to the L-carnitine market in North America. L-carnitine is used as an additive in animal feed industry, and growing awareness ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21013346/l-carnitine-market-to-outstrip-262-6-million-by-2027-growing-sturdy-at-4-8-cagr-covid-19-impact-an alt=L-Carnitine Market to Outstrip $262.6 Million by 2027 Growing Sturdy at 4.8% CAGR - COVID-19 Impact and Global Analysis by TheInsightPartners.com>Full story available on Benzinga.com</a></p> Restaurants Analyst Ratings Press Releases General Fri, 07 May 2021 14:30:00 +0000 Globe Newswire 21013346 at https://www.benzinga.com Worldwide Sushi Restaurants Industry to 2025 - Key Drivers, Challenges and Trends https://www.benzinga.com/pressreleases/21/05/g21009741/worldwide-sushi-restaurants-industry-to-2025-key-drivers-challenges-and-trends <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>Dublin, May 07, 2021 (GLOBE NEWSWIRE) -- The <a href="https://www.researchandmarkets.com/reports/5318168/global-sushi-restaurants-market-2021-2025?utm_source=GNOM&amp;utm_medium=PressRelease&amp;utm_code=d6kwjv&amp;utm_campaign=1533298+-+Worldwide+Sushi+Restaurants+Industry+to+2025+-+Key+Drivers%2c+Challenges+and+Trends&amp;utm_exec=jamu273prd" rel="nofollow" target="_blank" rel="nofollow">&#34;Global Sushi Restaurants Market 2021-2025&#34;</a> report has been added to <strong>ResearchAndMarkets.com&#39;s</strong> offering. <br /><br />The publisher has been monitoring the sushi restaurants market and it is poised to grow by $2.49 billion during 2021-2025, progressing at a CAGR of almost 3% during the forecast period. The report on sushi restaurants market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.<br /><br />The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing marketing strategies and growing popularity of Japanese cuisine.<br /><br />The sushi restaurants market analysis includes product segment and geographic landscape. This study identifies the rise in the number of new sushi restaurants as one of the prime reasons driving the sushi restaurants market growth during the next few years.</p> <p><strong>The report on sushi restaurants market covers the following areas:</strong></p> <ul> <li>Sushi restaurants market sizing</li> <li>Sushi restaurants market forecast</li> <li>Sushi restaurants market industry analysis</li> </ul> <p>The robust vendor analysis is designed to help clients improve their market position, and in ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21009741/worldwide-sushi-restaurants-industry-to-2025-key-drivers-challenges-and-trends alt=Worldwide Sushi Restaurants Industry to 2025 - Key Drivers, Challenges and Trends>Full story available on Benzinga.com</a></p> Restaurants Analyst Ratings Press Releases General Fri, 07 May 2021 11:33:31 +0000 Globe Newswire 21009741 at https://www.benzinga.com Russ Davis Wholesale Announces Leadership Changes https://www.benzinga.com/pressreleases/21/05/r21007513/russ-davis-wholesale-announces-leadership-changes <p>Russ Davis Wholesale, today, announced the expansion of its leadership team with the goal of positioning the organization to meet the needs created by a growing demand for fresh food.</p> <p>Eagan, MN, May 07, 2021 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- Russ Davis Wholesale, today, announced the expansion of its leadership team with the goal of positioning the organization to meet the needs created by a growing demand for fresh food. &#8220;Creating these roles will help us achieve our long-term goals while also maintaining focus on excellence in customer service and quality as the foundation for future success,&#8221; says Adam Gamble, President.</p> <p>Pat Miller: With long-term strategy and a focus on profitable growth as a priority, Pat will assume the role of Chief Marketing Officer (CMO).</p> <p>Pat started his career in his family&#8217;s grocery store. He spent 7 years learning all about the retail business and found a passion for produce where he spent 13 years running the ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/r21007513/russ-davis-wholesale-announces-leadership-changes alt=Russ Davis Wholesale Announces Leadership Changes>Full story available on Benzinga.com</a></p> business News Retail Sales Restaurants Press Releases Fri, 07 May 2021 07:00:00 +0000 PR.com 21007513 at https://www.benzinga.com Canadian Barista Institute Raises Awareness for the Downtown Eastside Women's Centre https://www.benzinga.com/pressreleases/21/05/g21005643/canadian-barista-institute-raises-awareness-for-the-downtown-eastside-womens-centre <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="left">VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- The Canadian Barista Institute has partnered with French Press Coffee Roasters, Barista Canada and Keffa Coffee to raise awareness and funds for the Downtown Eastside Women&#39;s Centre in R. Michael Ratcliffe&#039;s name.<br /></p> <p>It was 2 years ago on May 9th, 2019 when we lost our energetic, thoughtful and inspiring dear friend far too early. We hope you will join us to remember Michael Ratcliffe&#039;s friendship and continue to celebrate his legacy!</p> <p><em>How the Fundraiser Works</em></p> <p>The French Press Coffee Roasters are ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21005643/canadian-barista-institute-raises-awareness-for-the-downtown-eastside-womens-centre alt=Canadian Barista Institute Raises Awareness for the Downtown Eastside Women&#039;s Centre>Full story available on Benzinga.com</a></p> joint venture Restaurants Press Releases General Thu, 06 May 2021 23:59:49 +0000 Globe Newswire 21005643 at https://www.benzinga.com Potbelly Corporation Reports Results for First Fiscal Quarter 2021 https://www.benzinga.com/pressreleases/21/05/g21002189/potbelly-corporation-reports-results-for-first-fiscal-quarter-2021 <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><em>Sales momentum accelerated throughout the first quarter due to benefits of the Company&#039;s strategic initiatives, operational improvements, and ongoing recovery in the macro-economic environment</em><br /></p> <p align="center"><em>Shop-level profitability achieved ahead of expectations</em></p> <p align="center"><em>Company continues to position itself for a strong second half and reiterates its path to enterprise profitability during 2021</em></p> <p>CHICAGO, May 06, 2021 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: <u>PBPB</u>), the iconic neighborhood sandwich shop concept, today reported financial results for the first fiscal quarter ended March 28, 2021.</p> <p><strong><u>First Quarter Strategic Successes:</u></strong></p> <ul type="disc"> <li style="margin-top:6pt; margin-bottom:6pt;">Same-store sales trends continued to show sequential improvement, ending the first quarter at (3.1%), compared to (19.7%) in the fourth quarter of 2020, with notable strong performance in the final weeks of the quarter.</li> <li style="margin-top:6pt; margin-bottom:6pt;">Continued to advance the ‘Traffic-Driven Profitability&#039; strategic plan with significant activity and momentum across its strategic initiatives.</li> <li style="margin-top:6pt; margin-bottom:6pt;">Returned to profitability at the shop level for the quarter and ahead of previous forecast.</li> <li style="margin-top:6pt; margin-bottom:6pt;">Continued to drive momentum in Potbelly Perks loyalty program, adding 132,000 new members during the quarter, with Perks sales increasing 11% on a year-over-year basis.</li> <li style="margin-top:6pt;">Subsequent to quarter&#039;s end, appointed Scott Swayne as the Company&#039;s Chief People Officer.<br /></li> </ul> <p><strong><u>Key highlights for the thirteen weeks ended March 28, 2021 compared to December 27, 2020:</u></strong></p> <ul type="disc"> <li style="margin-top:6pt;">Total revenues increased by 4.3% to $78.1 million compared to $74.9 million.</li> <li style="margin-top:6pt;">GAAP net loss attributable to Potbelly Corporation was ($14.5) million, compared to a GAAP net loss of ($16.4) million. GAAP diluted loss per share was ($0.56) compared to a GAAP diluted loss per share of ($0.68).</li> <li style="margin-top:6pt;">Adjusted net loss<sup>1</sup> attributable to Potbelly Corporation was ($8.5) million compared to an adjusted net loss of ($13.7) million. Adjusted diluted EPS<sup>1</sup> was a loss of ($0.33) compared to an adjusted diluted EPS loss of ($0.57).</li> <li style="margin-top:6pt;">EBITDA<sup>1</sup> improved to ($10.0) million from ($11.3) million.</li> <li style="margin-top:6pt;">Adjusted EBITDA<sup>1</sup> improved slightly to ($6.6) million compared to ($6.9) million.</li> <li style="margin-top:6pt;">Company paid $3.5 million of $11.3 million of 2020 deferred cash payments in the quarter.</li> <li style="margin-top:6pt;">Based on the progress made during the first quarter, the Company expects to be cash flow positive by the end of the third quarter, ahead of plan.</li> <li style="margin-top:6pt;">Successful execution of $16 million private placement and amendment of credit facility during the quarter, coupled with improving cash flow dynamics, solidifies liquidity position.</li> <li style="margin-top:6pt;">At March 28, 2021, total liquidity, inclusive of cash on hand and availability under its revolving credit facility, was $33.5 million.<br /></li> </ul> <p>Bob Wright, President and Chief Executive Officer of Potbelly Corporation, commented, "As expected, we are seeing incremental improvement across our business as the nation continues to emerge from the pandemic. We are highly encouraged by our first quarter performance – which exceeded our expectations – and that strength has continued so far in the second quarter. The outperformance was driven by some early benefits from our strategic initiatives, operational efficiencies and improvement in the overall environment as a result of re-openings in our core markets and consumers returning to indoor dining. We achieved shop-level profitability during the quarter and continue to strive towards our stated target of enterprise-level profitability as well as positive cash flow in the second half of the year."</p> <p>Wright added, "Our ‘Traffic-Driven Profitability&#039; strategic plan is building internal momentum, as several of the initiatives are being tested and/or implemented across our platform. We are seeing some success in the early stages of our tech stack upgrades including ‘stickiness&#039; in our digital business, despite steady improvements in foot traffic and on-premise dining. We are also achieving positive results from our new menu testing, which has now been rolled out to additional locations and are receiving favorable feedback on our digital and social media campaigns. On the operational side, we are seeing improved efficiencies, particularly within labor, which is resulting in better performing shops and improved customer experience. The Perks loyalty program is having great success with growth rates well above the rest of the business. Finally, we continued to strengthen the Potbelly leadership team and have filled another critical role with the addition of Scott Swayne as Chief People Officer."</p> <p>Steve Cirulis, Chief Financial Officer, added, "This quarter&#039;s strong momentum further solidified our expectations for 2021, which continue to include: 1) sequential improvement in top-line results throughout each quarter of fiscal 2021, 2) the majority of our operating earnings and Adjusted EBITDA are expected to be generated in the second half of 2021, and 3) we expect to deliver enterprise-level profitability as well as positive cash flow during the second half of the year. Finally, our strong balance sheet, solid liquidity foundation and expectation of positive free cash flow to be generated by improving sales in the second half of the year provides us the flexibility to invest in the business and execute against our strategic initiatives. We will remain disciplined in terms of controlling costs and balanced in terms of investing in our strategic initiatives, with an intent to drive long-term sustainable growth."</p> <p><strong><u>Conference Call</u></strong></p> <p>A conference call and audio webcast has been scheduled for 5:00 p.m. Eastern Time today to discuss these results. Investors, analysts, and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call with accompanying presentation slides, available on the investor relations portion of the Company&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=kwTOY1GGN0waUMKsvF4wV83ePSvEBGKw3ol-oZyAyFj1KK3myQluXDh8COsZtAXi2WrOO693OF8Z161NSKoORw==" rel="nofollow" target="_blank" rel="nofollow">www.potbelly.com</a>. For those that cannot join the webcast, you can participate by dialing 1-800-694-6219 in the U.S. &amp; Canada, or 1-312-281-2958 internationally, using the confirmation code of 21993600.</p> <p>For those unable to participate, an audio replay will be available from 8:00 p.m. Eastern Time on Thursday, May 6, 2021 through midnight May 13, 2021. To access the replay, please call 1-844-512-2921 (U.S. &amp; Canada) or 1-412-317-6671 (International) and enter confirmation code 21993600. A web-based archive of the conference call will also be available at the above website.</p> <p><strong><u>About Potbelly</u></strong></p> <p>Potbelly Corporation is a neighborhood sandwich concept that has been feeding customers&#039; smiles with warm, toasty sandwiches, signature salads, hand-dipped shakes and other fresh menu items, customized just the way customers want them, for more than 40 years. Potbelly promises Fresh, Fast &amp; Friendly service in an environment that reflects the local neighborhood. Since opening its first shop in Chicago in 1977, Potbelly has expanded to neighborhoods across the country - with approximately 400 company-owned shops in the United States. Additionally, Potbelly franchisees operate over 40 shops in the United States. For more information, please visit our website at <a href="https://www.globenewswire.com/Tracker?data=kwTOY1GGN0waUMKsvF4wVxbp3zH3ZMFzr5ANB6OHw0q5gYf2Y64fPsH3BFliEjCh9tK00TdH3CAhyFrw9-z4cw==" rel="nofollow" target="_blank" rel="nofollow">www.potbelly.com</a>.</p> <p><strong><u>Definitions</u></strong></p> <p>The following definitions apply to these terms as used throughout this press release:</p> <ul type="disc"> <li style="margin-top:6pt;"><strong>Revenues</strong> – represents net company-operated sandwich shop sales and our franchise operations. Net company-operated shop sales consist of food and beverage sales, net of promotional allowances and employee meals. Franchise royalties and fees consist of an initial franchise fee, a franchise development agreement fee and royalty income from the franchisee.</li> <li style="margin-top:6pt;"><strong>Company-operated comparable store sales</strong> – represents the change in year-over-year sales for the comparable company-operated store base open for 15 months or longer.</li> <li style="margin-top:6pt;"><strong>EBITDA</strong> – represents income before depreciation and amortization expense, interest expense and the provision for income taxes.</li> <li style="margin-top:6pt;"><strong>Adjusted EBITDA</strong> – represents income before depreciation and amortization expense, interest expense and the provision for income taxes, adjusted to eliminate the impact of other items, including certain non-cash as well as other items that we do not consider representative of our ongoing operating performance.</li> <li style="margin-top:6pt;"><strong>Shop-level profit</strong> – represents income (loss) from operations less franchise royalties and fees, general and administrative expenses, depreciation expense, pre-opening costs, restructuring costs and impairment, loss on the disposal of property and equipment and shop closures.</li> <li style="margin-top:6pt;"><strong>Shop-level profit margin</strong> – represents shop-level profit expressed as a percentage of net company-operated sandwich shop sales.</li> </ul> <p><sup><strong>1</strong></sup><strong><u>Non-GAAP Financial Measures</u></strong></p> <p>We prepare our financial statements in accordance with Generally Accepted Accounting Principles ("GAAP"). Within this press release, we make reference to EBITDA, adjusted EBITDA, adjusted diluted EPS, adjusted net loss, shop-level profit, and shop-level profit margin, which are non-GAAP financial measures. The Company includes these non-GAAP financial measures because management believes they are useful to investors in that they provide for greater transparency with respect to supplemental information used by management in its financial and operational decision making.</p> <p>Management uses adjusted EBITDA, adjusted net income and adjusted diluted EPS to evaluate the Company&#039;s performance and in order to have comparable financial results to analyze changes in our underlying business from quarter to quarter. Adjusted EBITDA, adjusted net income and adjusted diluted EPS exclude the impact of certain non-cash charges and other special items that affect the comparability of results in past quarters. Management uses shop-level profit and shop-level profit margin as key metrics to evaluate the profitability of incremental sales at our shops, to evaluate our shop performance across periods and to evaluate our shop financial performance against our competitors.</p> <p>Accordingly, the Company believes the presentation of these non-GAAP financial measures, when used in conjunction with GAAP financial measures, is a useful financial analysis tool that can assist investors in assessing the Company&#039;s operating performance and underlying prospects. This analysis should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. This analysis, as well as the other information in this press release, should be read in conjunction with the Company&#039;s financial statements and footnotes contained in the documents that the Company files with the U.S. Securities and Exchange Commission. The non-GAAP financial measures used by the Company in this press release may be different from the methods used by other companies. For more information on the non-GAAP financial measures, please refer to the table, "Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures."</p> <p><strong><u>Forward-Looking Statements</u></strong></p> <p>In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company&#039;s expectation or belief concerning future events. Without limiting the foregoing, the words "believes," "expects," "may," "might," "will," "should," "seeks," "intends," "plans," "strives," "goal," "estimates," "forecasts," "projects" or "anticipates" or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to our future financial position and results of operations, business strategy, budgets, projected costs and plans and objectives of management for future operations, our expectations regarding improvements in top-line results throughout each fiscal quarter in 2021, our expectation that the majority of our operating earnings and Adjusted EBITDA will be generated in the second half of 2021, our expectation that we will deliver enterprise-level profitability and positive cash flow during the second half of 2021, the strengthening of our liquidity position throughout 2021 and our intention to stay disciplined in controlling costs and balanced in investing in our strategic initiatives. By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement, due to reasons including, but not limited to, risks related to the COVID-19 outbreak; compliance with our Credit Agreement covenants; competition; general economic conditions; our ability to successfully implement our business strategy; the success of our initiatives to increase sales and traffic; changes in commodity, energy and other costs; our ability to attract and retain management and employees; consumer reaction to industry-related public health issues and perceptions of food safety; our ability to manage our growth; reputational and brand issues; price and availability of commodities; consumer confidence and spending patterns; and weather conditions. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See "Risk Factors" and "Cautionary Statement on Forward-Looking Statements" included in our most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings, all of which are available on our website at <a href="http://www.potbelly.com" title="www.potbelly.com" rel="nofollow">www.potbelly.com</a>. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.</p> <p>Contact:</p> <p>Lisa Fortuna or Ryan Coleman <br />Alpha IR Group<br />312-445-2870<br /><a href="https://www.globenewswire.com/Tracker?data=cZWQIxPGBcDNlFhfZTtccf7mSeZcPy3zTdWamgJNH2_stYZB7Lby6IRjjzMqMiUMni51trhpdRoH_fbc7gOGDg==" rel="nofollow" target="_blank" rel="nofollow">PBPB@alpha-ir.com</a></p> <p align="center"><strong><br /></strong></p> <p align="center"><strong>Potbelly Corporation</strong><br /><strong>Consolidated Statements of Operations and Margin Analysis – Unaudited</strong><br /><strong>(Amounts in thousands, except per share data)</strong></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"> <tr> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> <td colspan="14" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>For the 13 Weeks Ended</strong></td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>March 28,</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>% of</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>March 29,</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td colspan="2" style="border-top: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>% of</strong></td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2021</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>Revenue</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: center ; vertical-align: middle; vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>2020</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td colspan="2" style="border-bottom: solid black 1pt ; text-align: center ; vertical-align: middle; vertical-align: bottom ; "><strong>Revenue</strong></td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: bottom ; "><strong>Revenues</strong></td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 25.0px; vertical-align: bottom ; ">Sandwich shop sales, net</td> <td style="vertical-align: bottom ; ">$</td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">77,501</td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">99.3</td> <td style="vertical-align: bottom ; ">%</td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; ">$</td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">86,961</td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; ">99.3</td> <td style="vertical-align: bottom ; ">%</td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 25.0px; vertical-align: bottom ; ">Franchise royalties and fees</td> <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">562</td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">0.7</td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">629</td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; ">0.7</td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 25.0px; vertical-align: bottom ; "><strong>Total revenues</strong></td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>78,063</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>100.0</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>87,590</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "><strong>100.0</strong></td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: middle; text-align: left; padding-left: 20.0px; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td> <td style="border-top: solid black 1pt ; text-align: right ; vertical-align: middle; vertical-align: bottom ; "> </td> <td style="vertical-align: bottom ; "> </td> </tr> <tr> <td style="vertical-align: bottom ; "><strong>Expenses</strong></td> <td style="vertical-align: bottom ; "> </td> <td style="text-align: right ; ...</tr></table><p><a href=https://www.benzinga.com/pressreleases/21/05/g21002189/potbelly-corporation-reports-results-for-first-fiscal-quarter-2021 alt=Potbelly Corporation Reports Results for First Fiscal Quarter 2021>Full story available on Benzinga.com</a></p> Earnings PBPB Retail Sales Restaurants Press Releases General Thu, 06 May 2021 20:49:06 +0000 Globe Newswire 21002189 at https://www.benzinga.com Bring On The Olive Garden Breadsticks! Analyst Is Bullish For Darden Restaurants https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20992125/bring-on-the-olive-garden-breadsticks-analyst-is-bullish-for-darden-restaurants <p>Despite industry-related input costs and labor headwinds, <strong>Darden Restaurants, Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dri#NYSE">DRI</a>) could generate above-consensus earnings in fiscal 2023, driven by Olive Garden sales, according to Cowen.</p> <p><strong>The Darden Restaurants Analyst:</strong> Andrew Charles upgraded the rating for Darden Restaurants from Market Perform to Outperform, while raising the price target from $137 to $164.</p> <p><strong>The Darden Restaurants Thesis: </strong>Olive Garden seems poised to grow its average unit volume from $5 million in 2019 to $6 million in fiscal 2023, Charles said in ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20992125/bring-on-the-olive-garden-breadsticks-analyst-is-bullish-for-darden-restaurants alt=Bring On The Olive Garden Breadsticks! Analyst Is Bullish For Darden Restaurants>Full story available on Benzinga.com</a></p> Analyst Color Andrew Charles breadsticks Cowen DRI food Olive Garden Upgrades Price Target Restaurants Analyst Ratings General DRI US2371941053 Analyst Color Upgrades Price Target Restaurants Analyst Ratings General Benzinga Thu, 06 May 2021 20:08:11 +0000 Priya Nigam 20992125 at https://www.benzinga.com Pure Natura's Whole-Food Supplements from Iceland Now Available on Walmart.com https://www.benzinga.com/pressreleases/21/05/g20998763/pure-naturas-whole-food-supplements-from-iceland-now-available-on-walmart-com <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>PALM BEACH, FL, May 06, 2021 (GLOBE NEWSWIRE) -- Walmart.com is the latest online e-commerce site to carry Icelandic Pure Natura&#039;s whole-food supplements.</p> <p>"We are thrilled that Walmart.com has decided to carry our four flagship dietary supplements," said Hildur Magnusdottir, CEO of Pure Natura, which markets freeze-dried whole-food supplements made from organ meat. "The modern diet lacks the nutritional value of our ancestral nourishment, which is why we developed our supplements."</p> <p>Generations ago, when meals were cooked over a stove fire and not in a microwave, the ancestral diet contained the nutritional sustenance supplied by organ meat.</p> <p>Now, Pure Natura has packed its whole-food supplements with the nutrition of organ meat, which is  is one of the most nutrient-rich super-food that people can eat.</p> <p>"We know we live in a society when cooking meals from scratch is a lost art for many families," Magnusdottir said. ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20998763/pure-naturas-whole-food-supplements-from-iceland-now-available-on-walmart-com alt=Pure Natura&#039;s Whole-Food Supplements from Iceland Now Available on Walmart.com>Full story available on Benzinga.com</a></p> lifestyle Health Care Restaurants Press Releases General Thu, 06 May 2021 19:35:12 +0000 Globe Newswire 20998763 at https://www.benzinga.com Arryved Expands Leadership Team to Prepare For Accelerated Growth in Hospitality https://www.benzinga.com/pressreleases/21/05/g20997003/arryved-expands-leadership-team-to-prepare-for-accelerated-growth-in-hospitality <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>Boulder, Colo., May 06, 2021 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=y9tp10FmKdKo9bEOHU4lplDIMASPI0-oY9oJU-fWF_Fk11dLyBxXYe2GhGqtsWunuaCo17WpJVl1GG83jIAjjQ==" rel="nofollow" target="_blank" rel="nofollow">Arryved</a>, a leading point-of-service (POS) provider for craft beverage, food and entertainment establishments, announces the addition of Loren Bendele to its leadership team as chief executive officer. </p> <p>Prior to joining Arryved, Loren spent the majority of his career in technology leadership positions. Most recently Loren was a co-founder of Gell, a user-generated content platform for civil discourse with the mission of helping society make better decisions. Loren has served as the CEO of Savings.com, which leveraged loyalty and promotions strategies to drive over $500 million in annual sales for Fortune 100 e-commerce companies. He also led the strategy for a next generation point-of-sale system for Teleflora&#039;s member florists, which won "Best in Show" at Microsoft&#039;s Worldwide Partner Conference and was installed in over 10,000 florist locations.</p> <p>The addition of Bendele represents Arryved&#039;s continued investment in leadership and will complement the move of Founder and former CEO David Norman to chief product officer at the company. Norman will also continue as chief operating officer and chairman of the board and continue to lead the overall product vision for the company.</p> <p>"Our growth over the past year has been fueled by innovation and a focus on helping our merchant partners navigate the changing landscape of the pandemic. Looking ahead to the future, this move ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20997003/arryved-expands-leadership-team-to-prepare-for-accelerated-growth-in-hospitality alt=Arryved Expands Leadership Team to Prepare For Accelerated Growth in Hospitality>Full story available on Benzinga.com</a></p> News Restaurants Management Press Releases General Thu, 06 May 2021 18:09:44 +0000 Globe Newswire 20997003 at https://www.benzinga.com WHITE SPOT HOSPITALITY NAMED ONE OF CANADA'S BEST MANAGED COMPANIES FOR 11TH CONSECUTIVE YEAR https://www.benzinga.com/pressreleases/21/05/g20995157/white-spot-hospitality-named-one-of-canadas-best-managed-companies-for-11th-consecutive-year <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>VANCOUVER, BC, May 06, 2021 (GLOBE NEWSWIRE) -- Iconic BC-based restaurant group <a href="https://www.globenewswire.com/Tracker?data=V2y_NqDjzptjwSVkxq7qeOxATUNlh_4EsxZTJmteMuSfE8fOO7qrfUMPK8yVkU6o7IuRyhAtxvOomGO7BJcPg35ZQrzpA_Zg_yVLVvFyCCY=" rel="nofollow" target="_blank" rel="nofollow">White Spot Hospitality</a> was awarded its 11th-straight year with the prestigious <a href="https://www.globenewswire.com/Tracker?data=mfXK4-ACbHrtoPEfA8XgbzHgD17D74PABv-JdMb9DEDNQJqYTjbJceypdX0E5JyBBDRJBb0TqyWMkTyU9up2YF2rRxGZJ1Z9VS9lOBWF3sogz9aRk29HCtnawTnangNfzgJiq592ChNUDLPM_V7KM8g4CSc8kAmKQPWBtqXPa2N0imfGUYkB63b-X7Otd_jx1OcMsWTu-_ookeuAiz0QWA==" rel="nofollow" target="_blank" rel="nofollow">Canada&#039;s Best Managed Companies</a> designation, while also maintaining its Platinum Club status after having achieved the Best Managed designation for more than seven consecutive years.</p> <p>Now in its 28th year, Canada&#39;s Best Managed Companies remains one of the country&#39;s leading business award programs recognizing Canadian-owned and managed companies for innovative, world-class business practices. Every year, hundreds of entrepreneurial companies compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.</p> <p>Despite the difficulties and challenges the pandemic presented, White Spot and Triple O&#039;s has demonstrated perseverance and resiliency, continuing its focus on expanding the brand by opening six new locations in BC, Alberta and Ontario over the past year and plans to open another 30 new restaurants in Ontario in the next five years.</p> <p>"It&#039;s an incredible honour in any year to be named one of Canada&#039;s Best Managed companies, but especially during such a challenging time, this recognition is particularly meaningful for all of us within the White Spot and Triple O&#039;s family," said White Spot and Triple O&#039;s President <b>Warren Erhart</b>. "We are beyond grateful for the continued loyalty and support from our team, guests, franchisees, partners, suppliers, and our ownership Shato Holdings, and appreciate the trust placed in us as we strive to continue to provide the White Spot and Triple O&#039;s experience we have all come to know and love."</p> <p>The pandemic did little to slow White Spot&#039;s commitment to philanthropy and upholding one of the Best Managed Companies&#039; key qualifiers in Corporate Social Responsibility ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20995157/white-spot-hospitality-named-one-of-canadas-best-managed-companies-for-11th-consecutive-year alt=WHITE SPOT HOSPITALITY NAMED ONE OF CANADA&#039;S BEST MANAGED COMPANIES FOR 11TH CONSECUTIVE YEAR>Full story available on Benzinga.com</a></p> lifestyle Restaurants Press Releases General Thu, 06 May 2021 17:06:31 +0000 Globe Newswire 20995157 at https://www.benzinga.com Wendy's Adds Bourbon Bacon Cheeseburger To Menu https://www.benzinga.com/news/21/05/20991224/wendys-adds-bourbon-bacon-cheeseburger-to-menu <p>Here&rsquo;s something for the carnivorous gluttons in the Benzinga audience: <strong>Wendys Co</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wen#NASDAQ">WEN</a>) is celebrating National Hamburger Month with the introduction of its Bourbon Bacon Cheeseburger.</p> <p><strong>What Happened:</strong> This new culinary offering expands on Wendy&rsquo;s bacon cheeseburger with the addition of a proprietary bourbon bacon sauce. According to the restaurant chain, this is the latest in its&nbsp;efforts to build on established favorites.</p> <p>&quot;Following the success of our Pretzel Bacon Pub Cheeseburger and Jalapeno Popper Chicken Sandwiches on the Made to Crave platform, we wanted to go back to our ...</p><p><a href=https://www.benzinga.com/news/21/05/20991224/wendys-adds-bourbon-bacon-cheeseburger-to-menu alt=Wendy&#039;s Adds Bourbon Bacon Cheeseburger To Menu>Full story available on Benzinga.com</a></p> Bourbon Bacon Cheeseburger Carl Loredo fast food restaurants MCD News TACO WEN YUM Restaurants Small Cap General MCD US5801351017 WEN US95058W1009 YUM US9884981013 TACO News Restaurants Small Cap General Benzinga Thu, 06 May 2021 16:26:59 +0000 Phil Hall 20991224 at https://www.benzinga.com Action on Fairtrade: Longo's Becomes First Retailer in North America to Offer Exclusively Fairtrade Bananas https://www.benzinga.com/pressreleases/21/05/g20992238/action-on-fairtrade-longos-becomes-first-retailer-in-north-america-to-offer-exclusively-fairtrade- <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="left">TORONTO, May 06, 2021 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=RspDgf1HsifpDDYyWDf9MZDHMMq8Vgta1Gy1N0Z7mduKV3Ueqx6GnMn3QpUxPr94jkXgDGyoL3aLNbbJeiqOXhrTc-iUpSofXNad6ONYyqk=" rel="nofollow" target="_blank" rel="nofollow"><u>Longo&#039;s Brothers Fruit Market</u></a> ("Longo&#039;s") has become the first grocery retailer in North America to commit to offering only Fairtrade bananas in their 36 stores and through delivery on Grocery Gateway. This is made possible through a partnership with the Canadian company, <a href="https://www.globenewswire.com/Tracker?data=XpC47i8M10A8TV0aCmij7C6-7PmUiIXfCsy7Jj5xjIwMljvja0SzSIgT0WhLFShugUUutwIvSNIkaNpcqEUKUA==" rel="nofollow" target="_blank" rel="nofollow"><u>Equifruit</u></a>. The landmark decision sets a new standard for sustainable produce supply chains in North America. The announcement is aligned with Fairtrade Month, which takes place each May in Canada.<br /></p> <p>With this commitment, Longo&#039;s is ensuring that the farmers and communities where its bananas are sourced are guaranteed a fair and sustainable income and that farmers get financial and technical support to lower their impact on the environment. For Longo&#039;s, a full commitment to Fairtrade bananas comes as the latest in <a href="https://www.globenewswire.com/Tracker?data=OyqFJ5YyeGoJ2vVXsOB4L7F110FLuu1hoPCdM6gYMML4tYCwR2QwHnZjqyhoTy56Zis__0oHUV8sUXW5YiwiMGTqb9YKiuFDiV5tbr69C2G24I7pIqGrij7nFaRun2njUXpU6QOaK2kx9fn2vmJFfs3HVLuPOWrrOMbZLNv5TBM=" rel="nofollow" target="_blank" rel="nofollow"><u>a long line of sustainability initiatives</u></a> centred around environmental stewardship, responsible sourcing, and healthy communities, including waste diversion, use of renewable energy, and community donations.</p> <p>"We aim to be the most trusted and relied upon food partner, and that includes setting sustainability precedents," said Mike Longo, Chief Merchandising Officer at Longo&#039;s. "We&#039;re proud to be the first North American retailer to initiate what is becoming a global purchasing standard for bananas."</p> <p>Fairtrade aims to create more respectful trading partnerships between producers and ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20992238/action-on-fairtrade-longos-becomes-first-retailer-in-north-america-to-offer-exclusively-fairtrade- alt=Action on Fairtrade: Longo&#039;s Becomes First Retailer in North America to Offer Exclusively Fairtrade Bananas>Full story available on Benzinga.com</a></p> Restaurants Press Releases General Thu, 06 May 2021 15:00:00 +0000 Globe Newswire 20992238 at https://www.benzinga.com Vegan Cheese Market Growth Sturdy at 7.1% CAGR to Outstrip $4,651.68 Million by 2027 - COVID-19 Impact and Global Analysis by TheInsightPartners.com https://www.benzinga.com/pressreleases/21/05/g20991120/vegan-cheese-market-growth-sturdy-at-7-1-cagr-to-outstrip-4-651-68-million-by-2027-covid-19-impact <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">Pune, India., May 06, 2021 (GLOBE NEWSWIRE) -- <strong>Vegan Cheese Market: Key Insights</strong><br />According to our new research study on "<b>Vegan Cheese Market to 2027 – Global Analysis and Forecast – by Product Type, Form, Source, and Distribution Channel,</b>" the <b><u><a href="https://www.globenewswire.com/Tracker?data=Z5qFHO2HlzlWrhdTKDQ6wuSopu8Vh7ZWlZk2bCb9oK4fQx4Qm4uy1ui0NAy7QJtKg_e0JHkHFxzStNptQiE7ie4ZY8rPeB7fmyUAkbSfOiTVuukSoKgFfTvNWJsu333yXe3I-2NRU8qVT0lZB1KclQ==" rel="nofollow" target="_blank" rel="nofollow"><u>Vegan Cheese Market Size</u></a></u></b> was valued at US$ 2,705.00 million in 2019, and it is expected to grow at a CAGR of 7.1% during 2020–2027 to reach US$ 4,651.68 million by 2027. Rising incidence of lactose intolerance and health benefits associated with vegan cheese are among the major factors boosting the growth of vegan cheese market. However, inclination toward dairy cheese among a majority of the global populace limits the sales of vegan cheese.</p> <p align="justify"><strong>Vegan Cheese Market: Competition Landscape and Key Developments</strong><br />Daiya Foods Inc.; Field Roast; Follow Your Heart; Galaxy Nutritional Foods, Inc.; Good Planet Foods; Kite Hill; Miyoko&#39;s Creamery; Nush Foods; Uprise Foods LLC; and Wayfare are among the key companies operating in the global vegan cheese market. The major players are striving toward expanding their presence globally to attain better market acquisition.</p> <p align="justify"><strong>Get Exclusive Sample Pages of Vegan Cheese Market - COVID-19 Impact and Global Analysis with Strategic Insights at <a href="https://www.globenewswire.com/Tracker?data=HXEAnB6pkrfm7F5gYUvJOu7oChzeRnC_1iaI2z9fojtl7UxVKW3vhscxlczS352hdATK_X5ePVUkYTTyey0YqyIhusC8tLStkvboN0u7f00vUyOj3N8i-D1noQU3RRCBykQRZR0m5Q5kDr7i6umPJt8nK_TsiBmIPir4eBbojuSQNRncM9VHsThOW-PJGpx97JcMe087F-YCntCkLpQ_60qWuq4rpynLN_PIsZd70jw=" rel="nofollow" target="_blank" rel="nofollow">https://www.theinsightpartners.com/sample/TIPRE00013904/</a></strong><br /></p> <p align="justify">In 2019, Europe held the largest share of the vegan cheese market. The demand for vegan cheese is expected to increase in the region in the coming years due to growing popularity of plant-based proteins as well as rapid developments and rise in vegan cheese manufacturing. Additionally, consumers in Europe, especially in the Germany, France, and Italy, have started consuming plant-based foodstuff, including vegan cheese, in dishes such as hamburgers and sandwiches due to the urge to try new products. This, in turn, supports the vegan cheese market in Europe.</p> <p align="justify"><strong>Increasing Demand in Asia-Pacific Drives Vegan Cheese ...</strong></p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20991120/vegan-cheese-market-growth-sturdy-at-7-1-cagr-to-outstrip-4-651-68-million-by-2027-covid-19-impact alt=Vegan Cheese Market Growth Sturdy at 7.1% CAGR to Outstrip $4,651.68 Million by 2027 - COVID-19 Impact and Global Analysis by TheInsightPartners.com>Full story available on Benzinga.com</a></p> Restaurants Analyst Ratings Press Releases General Thu, 06 May 2021 14:15:00 +0000 Globe Newswire 20991120 at https://www.benzinga.com Plant Protein Market Growth Sturdy at 6.2% CAGR to Outstrip $27,965.9 Million by 2027 - COVID-19 Impact and Global Analysis by TheInsightPartners.com https://www.benzinga.com/pressreleases/21/05/g20987361/plant-protein-market-growth-sturdy-at-6-2-cagr-to-outstrip-27-965-9-million-by-2027-covid-19-impac <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">Pune, India., May 06, 2021 (GLOBE NEWSWIRE) -- <b>Plant Protein Market: Key Insights</b><br />According to our new research study on <b>"Plant Protein Market to 2027 – Global Analysis and Forecast – by Source and Application,"</b> the <b><u><a href="https://www.globenewswire.com/Tracker?data=W6IAyVd-9Hi-h-MUgLXOOSx-Z7tJJeSC56LOIjK9BK9MqRO0upYkpD7FmGUMDv8fUll-13qnRzINGGcHXyHx1wmhWhG6T6YBvxQWSCj3DCExDi9qVUMtML3KJ2SAp18VgiBmCTVk9fw8x3aj8hX7oQ==" rel="nofollow" target="_blank" rel="nofollow"><u>Plant Protein Market Size</u></a></u></b> was valued at US$ 17,222.9 million in 2019 and is projected to be worth US$ 27,965.9 million by 2027; it is expected to growing at a CAGR of 6.2% during the forecast period. Rising consumer inclination toward vegan diet and plant-based proteins is driving the market growth; however, volatility in the prices of plant protein sources impede the market growth. </p> <p align="justify"><b>Plant Protein Market: Competition Landscape and Key Developments</b><br />Archer Daniels Midland Company; Axiom Foods, Inc.; Burcon NutraScience Corporation; Cargill, Incorporated; E. I. Du Pont De Nemours and Company; Glanbia plc; Ingredion Incorporated; Kerry Group; Koninklijke DSM N.V.; and Roquette Frères are among the key companies in the plant protein market. The market leaders are continuously focusing on strategies such as product developments, and mergers and acquisitions to expand their footprint worldwide and fulfill the growing demand of the market.</p> <p align="justify">In January 2020, Archer Daniels Midland (ADM) acquired Yerbalatina Phytoactives, a manufacturer of natural plant-based extracts and ingredients, to strengthen its position in the health and wellness market. Through this acquisition—which includes an alternative protein production facility of the later in Campo Grande as well as beverage extracts, bases, and compounds production facility in Manaus and Uberlândia—ADM aims to strengthen its business in Brazil.</p> <p align="justify"><strong>Get Exclusive Sample Pages of Plant Protein Market - COVID-19 Impact and Global Analysis with Strategic Insights at <a href="https://www.globenewswire.com/Tracker?data=gJmqMlp8-zNu0jQS620rZuiASa9bcKGOcno5QeQhrynErJ6pEfn4ng_TBEZfJie2zkDfjLhxr4FcJrCu18b4iKzd0symd8KWsECj6Fd90p48P9fDa44cC87jUZZ-7gE--WSsM9FVLV5g5mAwVYkzBjQxWtgo2jQu4ZnTK6xJP3E8bjRaoBEgTPCk7br2W9TSwgPgDT1rx-pYySoZalF0G0A1WxT46L5szELzU0Frn0k=" rel="nofollow" target="_blank" rel="nofollow">https://www.theinsightpartners.com/sample/TIPRE00007972/</a></strong><br /></p> <p align="justify">In December 2019, DuPont Nutrition &amp; Biosciences launched a new plant-based solution portfolio to help food producers in addressing the rising demand for healthier, more sustainable food and beverages that are free of meat and dairy.</p> <p align="justify">In 2019, North America accounted for the largest share of the global plant protein market. The US and Canada are the major economies in the region, and they, together, capture a major share of the market in this region. The sales for these proteins in North America are driven by a growing demand for alternative protein types that are sustainable and clean, creating less environmental impact during production. The use of plant proteins as dietary supplements and food ingredients is growing rapidly. This is mainly attributed to the ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g20987361/plant-protein-market-growth-sturdy-at-6-2-cagr-to-outstrip-27-965-9-million-by-2027-covid-19-impac alt=Plant Protein Market Growth Sturdy at 6.2% CAGR to Outstrip $27,965.9 Million by 2027 - COVID-19 Impact and Global Analysis by TheInsightPartners.com>Full story available on Benzinga.com</a></p> Restaurants Analyst Ratings Press Releases General Thu, 06 May 2021 12:30:00 +0000 Globe Newswire 20987361 at https://www.benzinga.com