With San Francisco-based Postmates filing to go public later this year, the cohort of publicly traded delivery providers is swelling to three, a boon for anyone tracking the behind-the-scenes financials of this still-growing, not-always-profitable segment of the restaurant industry.
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As many chain restaurants face flat or declining traffic, Firehouse Subs bucked industry trends last year with gains in average unit volumes and overall traffic, which CEO Don Fox attributed exclusively to a thriving off-premises business. With a phalanx of headwinds blowing into the restaurant world, Fox predicted a coming shakeout between restaurant brands and their delivery partners because of financial arrangements he termed unsustainable. Firehouse Subs, the 116th largest U.S.-based franchise system by sales, grew its traffic 4 percent in 2018, which Fox said is a “5 percent spread” […]
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Anchor’s line of Crisp Food Technologies containers feature raised air flow channels on the bottom to promote cross-flow ventilation and clear anti-fog vented dome lids.
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Jimmy likes delivery, but Jimmy doesn’t like third-party delivery. In fact, Jimmy won’t ever be using third-party delivery no matter what. This is the message from Jimmy John’s, the inescapable sandwich franchise that has its own in-house delivery team. In a strange press release, the Illinois-based franchise announced it will “never authorize” third-party companies like UberEats or DoorDash to deliver its sandwiches.
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Europe’s seventh-most valuable company and global food giant Unilever announced it has acquired the holding company of Graze, the UK-based healthy snack subscription provider. Founded in 2008, Graze ships its customers a range of nuts, seeds, trail mixes and snack bars—all without artificial ingredients. In recent years, the company has expanded its offerings, including selling some of its goods via retail stores and online directly to consumers. According to the press release announcing the news, Unilever said the acquisition will accelerate its presence in the “fast-growing healthy snacking and out-of-home […]
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Jyve is ready to leave “stealth mode” and is making strides to get closer to grocery enterprises with it’s unique “skill-economy” platform with e-commerce fulfillment.
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Grubhub disappointed Wall Street investors with its fourth-quarter earnings that showed solid order growth and positive projections for 2019, but failed to meet analyst forecasts for both its revenue and earnings per share.
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Peapod, a Chicago-based grocery delivery service that’s a subsidiary of Ahold Delhaize USA, signed a deal with crowdsourced logistics company Deliv to provide same-day grocery delivery service in certain markets under the Giant/Martin’s brands that are also part of Ahold Delhaize.
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As seen in Fast Company, Starship Technologies has deployed their fleet of 25 delivery robots on the George Mason University campus in Fairfax, Virginia. These robots are able to make late night coffee and food runs or simply deliver lunch on a busy day. Through an app based program using the student’s meal plans, students are able to order from on campus retailers and expect delivery within 15 minutes. College students were sought as the experimental demographic. CEO of Starship Technologies Lex Bayer stated, “I think students are really comfortable […]
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The food delivery startup, Munchery, left local San Francisco small business owners eating the bill after abruptly shutting their doors. Munchery provided prepared meals to residents in San Francisco, Los Angelas, Seattle and New York. In San Francisco, Munchery partnered with local businesses like “Crumble & Whisk,” whose owner, Charles Farriér was outspoken on the unexpected shutdown and the impact on his business. When Farriér went to Munchery headquarters to collect his final payment of $1,700 the only other person there was another upset vendor. “They just expect us to […]
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