Chipotle Predicts it will still Struggle in 4Q

 

n-CHIPOTLE-DELIVERY-628x314.jpg

Photo: Google.com

Chipotle announced Tuesday that it expects same-store sales to fall 4.8 percent in the fourth quarter, which is still the best results they’ve seen in five quarters. Chipotle released their preliminary fourth-quarter results ahead of its presentation Tuesday at the ICR Conference in Orlando, FL. The company will release its full fourth-quarter and fiscal 2016 results on February 2. Chipotle’s stock rose more than 4 percent in early trading Tuesday after the announcement of their 4Q same-store sales. Chipotle expects its operating margin to be 13-14 percent in the fourth quarter. The operator said it saw higher expenses in the quarter than originally forecasted. They also spent more on television advertising in the quarter, and that higher avocado costs led to higher-than-expected food costs. To read more about Chipotles same-store sales click here.

The Robotic Chef of the Future

09-robot-chef-5-w710-h473-2x

Photo: Grubstreet

We all know incorporating technology into restaurants  is a trend we need to keep up with. Whether it be ordering through an app or having an actual tablet sit at your table so you can order food and pay at your convenience. However, Moley Robotics – a U.K. based company, is taking it to the next level with their robotic chef, Moley. Moley is simply two sleek, humanoid arms that hang above a conventional stovetop. The robot can only make one dish as of right now – crab bisque. The U.K. based company hopes to bring Moley to the market by 2018; with the robot being able to offer more dishes than just crab bisque of course. Moley is projected to cost around $100k by the time it hits the market. To read more about how Moley will actually work click here.

The NBA is booming

BisonBullEmbedded.jpg

Not that NBA (Nation Basketball Association)…the National Bison Association!

“Our main challenge now is to keep up with the production. Whereas a decade ago, I was spending 90% of my time talking to the consuming public or the general public about eating bison, I’m now spending 90% of my time talking to folks about building the herds or getting into the bison business so that we can keep up with that demand.” Dave Carter, executive director for the N.B.A. in Westminster, Colo.

Read more here

 

 

Nothing beats the human touch

04COV3-master768.jpg

For years, so-called fast-casual restaurants have worked to lower costs by keeping the help behind the counter and adopting a cafeteria format that leaves much of the work to diners, who stand in line, order, pay and carry the food to a table or out the door.

[…] restaurants, from small ones like Breads Bakery to chains like Sweetgreen, are the quickest-growing segment of the dining business, combining speedy service with food that they claim is fresher and higher quality than traditional fast food. And as they battle rising competition from a new source — delivery services — workers like Fritz are the first line of defense.

Who’s Fritz? click here to find out

Small Spaces with Large Offerings

 

Dina_Avila_Beast-8329.0.jpeg

New York has its fair share of tiny restaurants. Ones where you are basically sitting on top of your neighbor, listening to their conversation, basically sharing a meal with them. Ever wonder why these places were made so tiny? Why didn’t the owner just get a bigger space or design the floor plan better? Well, maybe the owner did plan better, and smarter than everyone else. Look at Talula’s Table, a 12-person restaurant in Chester County, PA. From a practical perspective, a small restaurant is also a smart restaurant. Servers here also do clean-up, saving the owner from having to pay a busboy or busgirl. Chefs also throw the towels in the laundry in the back, saving money that could have been spent on a laundry service. If the food is good enough to charge guests a little more money, a small restaurant can make a profit with less risk than a large restaurant. The rent is cheaper, the build out is cheaper, and the return comes in a little faster. To read more about the business model of a small restaurant and how they offer just as much, if not more than a large restaurant  click here.

Food Trends: An Art or Science?

28predictcov-blog427

Photo: New York Times

It’s a new year which means new foods trends. Every December public relation firms come out with reports that detail what new food trends to look out for this upcoming year. According to Editor in chief Dana Cowin at Food & Wine, “A good trend list requires everything from data and science to pure intuition.”

Annika Stensson, director of research communications for the National Restaurant Association believes the perfect 2017 food trend would be a fast-casual concept serving dishes with deep, heady African flavors. The dishes would be made with locally produced ingredients. Put this African dish into a bowl and you’ve got yourself another 2017 food trend. One of the top items that users post on Pinterest – which is used by 150 million people a month – are Buddha bowls. Food is bowls is pleasing to the eye and makes a great Instagram picture – and who doesn’t love a great Instagram picture? To read more about the trends of 2017 click here.