The Restaurant Report

Manna Drone Delivery is making 3-minute air delivery a reality, whether you want food, medicine or anything you need in your local community. Using custom-developed aerospace grade drones, they deliver directly from restaurants and centralized kitchens to consumer's homes. Manna drones fly at an altitude of 80 meters and a speed of over 80kph - delivering within a 2km radius in less than 3 minutes...

Beyond Meat (BYND) is a Los Angeles-based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company has products designed to emulate beef, meatballs, ground meat, and pork sausage links and patties. Beyond Meat's innovation will be a key factor in its retail and dining expansion, however it appears it may get a bit of help from the WallStreetBets Gamestop/AMC crowd. It's...

A common sight in ghost kitchens and restaurants is a wall of multiple ipads for online food orders. Deliverect integrates all your online orders to your existing point-of-sale and offers a suite of omni-channel restaurant management tools to perfect your operational flow both front and back of house. Deliverect has the ability to update all your online menus with just one click and provide insigh...

Flytrex offers real world drone delivery service, today. Fully autonomous, regulatory approved and insured. Starting at 0.8c per mile. Walmart also began drone delivery with select grocery and household essential items from Walmart stores using Flytrex’s automated drones. The drones are controlled over the cloud using a smart and easy control dashboard. Using our wire release mechanism, orders are...

Sunday, is a new payment process for restaurant owners. The Sunday app provides QR Code payment for restaurant customers within 30 seconds. Sunday claims 15 min of time saved per table. 30% less expensive than other payment methods. +40% more tips. and +10% average basket. Sunday didn’t stop at the menu as it also connects directly to the cash register system. Sunday supports Oracle Micros, Brinks...

Ghost Kitchen Brands freshly prepares well known food brands in one kitchen and location, optimized for online delivery and pick up. Ghost Kitchen Brands (GKB) recently announced it is teaming up with Walmart Canada, its first partnership with a big-box retailer to bring one-stop meal pickup and delivery to more Canadians. Customers can order freshly prepared meals in-store and online for contactl...

The plant-based meat company Impossible Foods Inc. is rumoured to go public, expecting a valuation of $10 billion, as per reports. After a funding round in 2020, the California-based company valued at $4 billion. It may either file for an initial public offering in the next several months or merge with a Special Purpose Acquisition Company (SPAC). Impossible Foods has witnessed immense growth, wit...

Although text messaging (SMS & MMS) is not a new technology, it is for restaurant businesses. Yum! Brands—the parent company of KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill recently announced it has begun the first steps in integrating Text-To-Order technology to help restaurant chains drive growth. Text-to-order comes with a built-in direct response marketing channel that allows brands t...

Restaurant digital menu's have recently relied on QR code enable digital menus consisting of an ugly webpage with the dreaded downloadable PDF link. Worse so, once PDF is downloaded it consists of one giant (zoomed out) image of the menu. While that basic user interface was necessary to ramp up quickly during the restaurant closures, the lazy design experience won't cut it any longer. A great alte...

Ghost Kitchen Brands (GKB) is teaming up with Walmart, its first partnership with a big-box retailer to bring one-stop meal pickup and food delivery to customers. Customers can order freshly prepared meals in-store and online for contactless pickup or delivery (from a third-party app such as Uber Eats), and mix and match from more than 20 well-known brands including: Quiznos, The Cheesecake Factor...

On this stock analysis episode, we break down the top restaurant brands with a forward thinking strategy in implementing ghost kitchens and virtual brands. On our list is Denny's ($DENN) who spinned off two virtual brands The Melt Down (sandwiches) and The Burger Den (burgers). Brinker International ($EAT) known for Chili's restaurants, focused on chicken wings with its "It's Just Wings" virtual c...

Beyond Meat (BYND) is a Los Angeles-based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company has products designed to emulate beef, meatballs, ground meat, and pork sausage links and patties. Beyond Meat's innovation will be a key factor in its retail and dining expansion, though competition from industry giants like Tyson won't go unnoticed. Beyond Meat website ➜...

Tattooed Chef ($TTCF) is a plant-based food company offering a broad portfolio of innovative and sustainably sourced plant-based foods. Tattooed Chef’s signature products include ready-to-cook bowls, zucchini spirals, riced cauliflower, acai and smoothie bowls, and cauliflower pizza crusts, which are available in the frozen food sections of leading national retail food stores across the United Sta...

Finally something passed that targets restaurants, helping food service establishments around the country avoid closure through billions in grants. $28.6 billion of the bill will go to assist restaurants, food trucks, bars, and street vendors in paying their back rent, mortgages, and pretty much anything else. This is not a loan but a non-repayable grant. Grants will be capped at $10 million for r...

On this episode of The Barron Report, host Paul Barron explores the future of trade shows based on the latest data on consumer behavior and visitor expectations. The National Restaurant Association Show is being canceled for a second straight year as the state of Illinois’s order to limit gatherings to no more than 50 people remains in effect until early June, according to an NRN announcement. Wit...

We're diving into Starbucks ($SBUX) and analyzing it's short term growth. With over 80% of We're diving into Starbucks ($SBUX) and analyzing it's short term growth. With over 80% of company leaders reportedly planning to permit remote work after the pandemic could we begin to see less restaurant sales in over 84,000 urban locations? Starbucks has been seeing lower revenue and extra costs associate...

We're going into a deep dive stock analysis on Darden Restaurants ( $DRI ). Darden Restaurants is a multi-brand restaurant operator headquartered in Orlando. They own fine dining restaurant chains: Eddie V's Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch Kitchen. Darden ha...

On this episode of The Barron Report, host Paul Barron explores the rise of YouTuber Jimmy Donaldson’s virtual restaurant concept, MrBeast Burger. The restaurant—which launched only two months ago—has already sold one million sandwiches.

Can restaurant revenue hit $1.3 Trillion by 2023? The restaurant industry (justifiably) is undervalued significantly due to COVID, bad PR, and the volume of closures. This might mean the opposite of an implosion, we may begin to see record growth occurring in the market. With marketing-driving big companies targeting retail consumers, virtual/ghost kitchen restaurants, and food tech innovations th...

Rae Phillips-Luther is a leading brand strategist that has built and transformed brands and company cultures. She is a visionary leader, big thinker, and strategic changemaker. Rae has previously served as Chief Marketing Officer at Jamba Juice and Zoës Kitchen, where she reinvigorated Jamba’s legacy brand and successfully positioned the Zoës brand, and subsequently led it through a record-setting...

Tesla's EV robo-taxis' very low cost per mile of range could have effects beyond just taking over transportation as a service (TAAS) with it's autopilot and full self-driving capability. This may mean Tesla would also be on the way to rival (and destroy) UberEats and dominate the food delivery and logistics market for restaurants/foodservice. On this episode, we predict and breakdown this possibil...

We break down the top food trends to look out for in 2021

Erle Dardick is an independent consultant and off premises thought leader. Erle created “The 5 Pillars of Successful Takeout, Delivery & Catering” in 1997 based on his success in turning around a struggling Vancouver deli and developing it into a flourishing restaurant and off-premise operation. The 5 Pillars has since evolved to become the leading strategic framework for the restaurant and foodse...

Restaurant gift cards are due for some rapid innovation and a step into our ever-changing digital landscape. Uptown Network AR Gifting is providing restaurants a much more interactive, engaging, and social option to replace boring physical cards still used by the restaurant industry. Virtual gifting for restaurants allows restauranteurs to turn their menu items into a 3D augmented reality using AR...

Stephanie O’Rourk, CPA, is a partner at CohnReznick who leads the Firm’s National Hospitality Emerging Concepts and Operational and Financial Consulting Divisions. With more than 25 years of public accounting experience in both audit, advisory and tax, Stephanie has worked closely with entrepreneurs, advising clients on best practices and tax efficient strategies. Her clients consider her a truste...