The elevated foot traffic is also boosting food sales and driving innovation in the space. In addition to being popular attractions this summer, seasonal event spaces are a hotbed of food experimentation.

Stadiums and amusement parks are serving up more international foods this year. Inspirations from the Wisconsin State Fair include sweet and savory dill pickle doughnuts and sweet potato iced lattes with brown sugar boba pearls. For stay-at-home consumers, upside-down puff pastry tarts are trending on TikTok.

These hand-held snacks are simple to make and showcase the sweet and savory flavors of summer produce. Regionality plays a big role in seasonal trends and this combination can also be highly influential with nostalgia offerings. and what state fairs I attended. Convenience stores are under-leveraging summer LTOs.

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Sizzling Sales is our flagship product which provides an easy-to-use, all-in-one, cloud based solution for food trucks and their enthusiastic customers A common phrase you may have heard in sales and business, is sell the sizzle, not the steak. If someone were to go past a restaurant, and 1. Use Loyalty Strategies to Increase Repeat Customers · Thank You Messages. Automated thank you messages can be sent to customers after they purchase products

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Sizzling Food Sales - As a restaurant owner, you have to know when you need to sell the sizzle and when to sell the steak in your quest to increase restaurant sales Sizzling Sales is our flagship product which provides an easy-to-use, all-in-one, cloud based solution for food trucks and their enthusiastic customers A common phrase you may have heard in sales and business, is sell the sizzle, not the steak. If someone were to go past a restaurant, and 1. Use Loyalty Strategies to Increase Repeat Customers · Thank You Messages. Automated thank you messages can be sent to customers after they purchase products

Little Caesars held up relatively well during as the company posted positive cumulative SSS during the period.

In addition, sales remained resilient during the pandemic as the company's brands' off-premise focused business models satisfied consumers' desire for food away from home but in a low-touch environment. Fitch believes the company's largely off-premise and recession resistant business model will continue to be key advantages for Sizzling Platter.

High Leverage, Adequate Liquidity: Under private equity ownership, Sizzling Platter operated with leverage around 7x pre-pandemic as growth in EBITDA was offset by incremental debt to fund acquisitions. Leverage at YE approached 10x, however, as pandemic-related costs weighed on EBITDA and as the company added to debt levels to pre-fund acquisitions.

As the company has used cash on hand to fund acquisitions, pro forma gross leverage has declined to around 7x. Fitch expects leverage to decline gradually over the next year through modest EBITDA growth.

Fitch would become more concerned about refinancing risk if leverage remains at or above 7x as it approaches its debt maturities.

While Fitch views current liquidity as adequate, further acquisitions funded by revolver draws could lead to downward rating pressure. Sizzling Platter's rating is a notch above peer GPS Hospitality Holding Co.

Legends' rating reflects the ongoing recovery of the company's financial metrics following pandemic-related disruptions to its business model, which drove negative EBITDA in , with Fitch expecting leverage to return to the low-7x in and FCF approaching neutral in Sizzling Platter's rating is also in line with Rite Aid Corp.

Rite Aid's 'B-' rating and Negative Outlook incorporate its weak position in the relatively stable U. drug retail business, its limited to negative FCF, and its high lease adjusted leverage capitalizing rent expense at 8x , projected in the mid-7x range in Fitch expects SSS growth will return to the low-single-digit percent range in and, combined with new store openings, will drive mid-single-digit percent revenue growth.

Fitch expects breakeven FCF as the company continues to prioritize growth. International scale credit ratings of Non-Financial Corporate issuers have a best-case rating upgrade scenario defined as the 99th percentile of rating transitions, measured in a positive direction of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario defined as the 99th percentile of rating transitions, measured in a negative direction of four notches over three years.

The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are based on historical performance.

Fitch expects that the company will continue using internally generated funds to acquire and open new stores. The revolver and notes are secured on a first priority basis by substantially all domestic assets of the company with the revolver benefiting from "super-priority" status.

The company has no near-term maturities with both the revolver and senior notes maturing in Sizzling Platter, LLC is a leading franchisee of the Little Caesars, Jamba and Wingstop quick-serve chains, as well as a franchisee of Dunkin', Jersey Mike's, Red Robin and Sizzler.

The principal sources of information used in the analysis are described in the Applicable Criteria. Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'.

This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity.

For more information on Fitch's ESG Relevance Scores, visit www. Additional information is available on www. Numbers in parentheses accompanying applicable model s contain hyperlinks to criteria providing description of model s. Other efforts include increased investments behind digital technology and brand marketing.

McCormick also is counting on consumer trends favoring the categories in which the company competes. McCormick is poised to benefit from five factors driving growth in spices and seasonings and recipe mixes.

The first is a strong interest in cooking among millennial consumers. Second, the influence of ethnic demographics has stirred an American appetite for global fare. flavoring occasions, Mr. Third, consumers are more connected, sharing recipes, meal ideas and photos of food on-line.

In response, McCormick has doubled its digital marketing spend over the past few years and introduced FlavorPrint, a personalized recipe recommendation web site designed to help consumers identify flavor preferences and discover recipes. survey of 80 packaged foods brands in the U.

The fourth trend driving growth in flavor categories is a significant shift toward healthy eating in global markets, which translates to consumption of fresh products suited for flavoring. McCormick is partnering with government and trade agencies to help inspire better-for-you choices among consumers.

The fifth and final driver is a rising middle class in emerging markets, where consumers gradually are converting to packaged spices and herbs from bulk products. Also inspiring confidence at McCormick is a flattening of private label performance in the spices category, where the company previously lost share to store brands and smaller competitors.

For the third quarter ended Aug. Contributing to growth during the quarter were new products, continued strength in recipe mixes and improved sales of grilling products compared to the prior-year quarter.

Register to view on-demand webinar that highlights the flavors and applications that will drive innovation in Home » Innovation sizzling at McCormick.

Innovation brewing at McCormick. Carne asada launch leads to sizzling sales at Chipotle Mexican Grill. McCormick, Pinnacle Foods win innovation awards. Product innovation pushes McCormick profit up. McCormick benefitting from acquisitions, innovation.

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