Shake Shack Sees Store Sales Drop

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Shake Shack reported revenues for the first quarter ending March 29, 2017. The NY-based deluxe hamburger chain said total revenue increased 41.7% to $76.7 million in the quarter on the strength of new openings, but same-store sales declined 2.5%.  The news sent the company’s stock down 2% in after-hours trading on Thursday. The chain said …

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Unilever Buys Condiment Maker Sir Kensington’s

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ENGLEWOOD CLIFFS, NJ — Consumer product giant Unilever has signed an agreement to acquire Sir Kensington’s, a New York-based condiment maker. Terms of the purchase were not released. Sir Kensington’s is a pioneer and leader in condiments sold in the organic and natural marketplace. Having seen strong growth the past four years, the product line …

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Pink Drink Joins Starbucks Menu

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Pink Drink officially joins Starbucks year-round beverage menu and will be available for customers to order at participating stores across the U.S. and through mobile orders. Starbucks Pink Drink is a light and refreshing beverage that features the sweet flavors of Strawberry Acai Refreshers with accents of passion fruit and acai combined with Coconut milk, and topped …

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Munchery Launches Lunch Service in Manhattan

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NEW YORK — Munchery, a provider of meal preparation and delivery services, has introduced its new lunch service this week in the Midtown East area of Manhattan. In the coming weeks, Munchery lunch will be available in Midtown West, Flatiron, Chelsea, Financial District, West Village and Soho. Munchery expanded to New York City in March of …

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Panera Bread Shares Soar on Potential Deal

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Shares in Panera Bread soared nearly 8% Monday after Bloomberg reported the bakery chain is considering a sale. Panera stock was up $20.76 to close at $282.63. The company’s shares are up nearly 38% this year. Bloomberg says potential buyers include Starbucks, Domino’s Pizza and JAB Holding Company. JAB is a private equity firm that owns …

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Dunkin’ Donuts Adds New Items for Spring

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Dunkin’ Donuts is readying for spring with several new drinks and donuts but is reportedly ending its popular Coffee Coolatta drink this summer. The drink additions are led by new Coconut Crème Pie flavored iced coffee (pictured above), the return of Butter Pecan flavored iced coffee, and the nationwide launch of Fruited Iced Teas. Dunkin’ …

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Duncan Hines Launches Microwaveable Treats

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PARSIPPANY, NJ — Duncan Hines, a brand of Pinnacle Foods Inc., is introducing Duncan Hines Perfect Size for 1, a broad line of freshly-baked indulgent treats prepared in the microwave in only about a minute. The new treats are available at select retailers and will soon be available in stores nationwide. Duncan Hines Perfect Size for 1 …

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Delta Introducing Food From MoMA Cafes

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Delta is bringing flavors from the cafe of NY’s Museum of Modern Art to the new Delta One spring menu. Beginning today, customers flying in the Delta One cabin on select trans-Atlantic routes to Europe, and transcontinental flights between New York’s John F. Kennedy Airport and Los Angeles International Airport and San Francisco International Airport, …

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Thai Meal Kit Delivery Service Launches in NY

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NEW YORK — A new meal delivery service company is launching in New York City, Thai Direct, which calls itself the first authentic Thai meal kit company. Thai Direct is bringing authentic Thai fresh ingredients and recipes serving homes in Brooklyn and Manhattan. Now home chefs can cook homemade Thai meals and enjoy the authentic …

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Impossible Burger Debuts at Two NYC Restaurants

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NEW YORK — The Impossible Burger — a burger for vegetarians made entirely of plants — has debuted on the menus of two award-winning restaurants in Manhattan. Saxon + Parole is serving the plant-based burger during weekday and weekend dinner service as well as weekend brunch. The American-style bistro — one of New York’s hottest destinations for brunch — includes …

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FreshDirect Said it Had Record Revenues in 2016

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NEW YORK — FreshDirect, an online food retailer based in Long Island City, said it had record revenues for 2016 but didn’t release actual numbers. FreshDirect delivers to customers in five states, including the New York City and Philadelphia metropolitan areas. Company highlights for 2016 included: Closed a $189 million investment round led by J.P. …

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Foodworks Looks to Help Food Entrepreneurs

NEW YORK — Foodworks has created a new platform in Brooklyn bundling physical cooking space and digital infrastructure to help up-and-coming food entrepreneurs. The young company is hoping to change how the food industry connects not just businesses, but wholesale buyers, production facilities, and potential investors as well. Foodworks is a platform looking to aid …

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Online Delivery Restaurant Ando Raises $7 Million

NEW YORK — Ando, the delivery-only, online Manhattan restaurant from David Chang, Momofuku and Expa has closed a $7 million Series A financing round led by Forerunner with participation from BoxGroup and Wildcat Venture Partners. The company has also raised money from strategic angel investors in this round which include, William Lauder, Chairman of Estee Lauder; …

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