Meritage Hospitality swings to profit in Q1 2024

The restaurant operator's sales grew by 3.3% to $162.8m from $157.7m a year previously.

Forward this email  |  View in browser VerdictFoodService In Brief April 15, 2024 SPOTLIGHT READ MTY Food Group net income decreases 6% in Q1 2024 The company's system sales were down by 2% to $1.33bn from $1.36bn in Q1 2023. Hi manoj, tell us what you want to see more of Take our quick survey to share your thoughts about our newsletter Take the survey LATEST NEWS Meritage Hospitality swings to profit in Q1 2024 The restaurant operator's sales grew by 3.3% to $162.8m from $157.7m a year previously.   bb.q Chicken opens new location in Montgomery, Alabama, US The brand is known for its Korean Fried Chicken and other K-food items such as ddeok-bokki.   Adora POS partners with Voicify for voice AI integration The collaboration will benefit a variety of restaurant types, from fast casual to bars, and is scalable across both single-location and multi-unit brands.   Tim Hortons launches new Iced Capps and cold drinks menu in Canada The Caramilk Iced Capp combines Tims Iced Capp base with milk chocolate chunks, whipped topping and caramel syrup.   Taco Bell launches Agua Refrescas beverages in California, US Infused with real fruit pieces and with a green tea base, the beverage has been launched in three flavours.   Toast unveils new software suite for restaurants The Restaurant Management Suite will cater to the needs of small and medium-sized restaurants as well as large enterprise brands.   Olo launches Smart Cross-Sells to boost sales at restaurants The new feature uses AI to offer recommendations based on factors such as order history and menu options at the location. Read more news IN-DEPTH READ South Korea Foodservice Market Overview   GlobalData's latest report evaluates the South Korea foodservice market in terms of profit sector channels and cost sector channels for the next five years (2022-27). The South Korea foodservice profit sector recorded sales of KRW131.1 trillion ($101.5 billion) in 2022 and is expected to attain a CAGR of over 6% during 2022-2027.  Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Click below to view more from across the network: Just Food   |    Just Drinks   |   Packaging Gateway   Was this email forwarded to you? Sign up here.   Please send any news or comments to: foodservices_sales@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences