Beating a dire cancer diagnosis emboldened Vice Cream founder Dan Shorr to embrace the entrepreneurial spirit while hiring smart people to manage while he tackles strategy and fundraising. "If I find that I am managing the team, I think I have the wrong team as a small company," he says.
The parent of IHOP and Applebee's Neighborhood Grill & Bar has changed its name from DineEquity to Dine Brands Global, reflecting the company's increased focus on international growth, Chief Executive Officer Stephen Joyce said. The company will close between 90 and 120 units this year, even as it seeks new brands for expansion and franchisees plan up to 15 new international locations.
Domino's Pizza opened 1,045 new units last year and booked sales of $12.2 billion, surpassing rival Pizza Hut's $12 billion in sales. The company's growing size gives it an increased ability to negotiate better deals from suppliers, said Chief Executive Officer and President J. Patrick Doyle said.
Private labels are becoming more important to shoppers, with 53% saying they would pick a store for its private label items, according to a report from Daymon. Successful private labels also encourage innovation and price competition from national brands as consumers have come to trust store brands, the report states.
Tyson Foods has built a seven-person innovation team that is working to create a new product that will hit shelves in six months. One item in development is a high-protein snack derived from ingredients left behind during other food and beverage production processes.
Food could be imprinted with effective, edible circuitry that would allow individual items to be tracked, according to a study from Rice University. In the study, lasers were used to carve a thin layer of graphene on food that could function as a tracking chip.
School-menu options were on display during the Region 5 Education Service Center Food Service Cooperative's annual food show at the Beaumont Civic Center in Texas. The event drew more than 1,000 students and school administrators who sampled items and voted for their favorites.
Some students at a West Virginia middle school are arriving to school early and participating in a walking challenge. Students log their steps as part of a competition for which the winning team earns an extra period of physical education.
Fewer students are eating school meals under federal nutrition mandates, school nutrition professionals in a Missouri district say -- resulting in a $100,000 decline in revenue. Now, district leaders plan to opt out of the federal school nutrition program to secure more flexibility in menu planning.
Conagra Brands aims to expand its frozen-food offerings with multiple new products, including a Healthy Choice Power Bowls line for breakfast in flavors such as Unwrapped Burrito Scramble. The firm is also rolling out meatless varieties of Power Bowls, new handheld frozen products such as Banquet Sliders, and additional items in the Marie Callender's and P.F. Chang's lines.