Latest news with #NicholasBertram
Yahoo
01-05-2025
- Business
- Yahoo
Flashfood Appoints Jordan Schenck as Chief Executive Officer
Outgoing CEO Nicholas Bertram will remain on Flashfood's board TORONTO, May 01, 2025--(BUSINESS WIRE)--Flashfood, the app-based marketplace connecting consumers with affordable groceries, announced today the appointment of Jordan Schenck as its new Chief Executive Officer. Schenck has served as Flashfood's President and Chief Operating Officer since October 2024. She assumes the role immediately and succeeds Nicholas Bertram, who will remain on the board. This transition comes at a pivotal time in Flashfood's growth trajectory. The company has added over 1,000 doors and experienced 200% revenue growth since completing its Series A in 2022, expanding its footprint to 33 US states and all 10 Canadian provinces. This occurred while achieving B-Corp Certification, launching new products, and replatforming its applications to achieve even greater impact in North America. "Jordan is a generational talent, and her growth over the last two years has benefited our company tremendously. She is ready to take on this role, and I am thrilled for her to lead our talented teammates as they achieve our mission of feeding families, not landfills," said Bertram on her appointment. Bertram recruited Schenck in early 2023 to serve as Flashfood's Chief Brand Officer and has since promoted her twice, from Chief Customer Officer to President and Chief Operating Officer. In her tenure, Schenck led the company's transformational rebrand in January 2024, oversaw the relaunch of Flashfood's consumer app, and was instrumental in the development and launch of Flashfood for Independents – a new platform for independently owned grocers. "Stepping into the CEO role, I am energized by the extraordinary potential ahead of us. Flashfood's technology has the power to build a world where food is never wasted and access to affordable, fresh products is a daily occurrence," said Jordan Schenck, CEO of Flashfood. "With a product-driven approach, relentless innovation and the use of AI, we will empower grocers to turn close-dated inventory into a competitive advantage – earning more frequent shoppers and wasting zero food." "Flashfood has achieved significant growth in recent years, and Jordan has demonstrated outstanding leadership and vision during a pivotal period for the company," said Chuck Templeton, Flashfood Board Director and Managing Partner at S2G Investments. "Her growth mindset and deep understanding of consumer and retailer dynamics make her exceptionally equipped to lead Flashfood forward and scale its ability to lower food costs and reduce unnecessary waste." Earlier in her career, Schenck served as co-founder and Chief Revenue Officer of wellness brand Sunwink, which became one of the fastest growing ready-to-drink beverages in the market. Before Sunwink, Schenck was head of consumer marketing for Impossible Foods and supported the company's explosive growth across new verticals and markets. About Flashfood Flashfood is on a mission to feed families, not landfills. The app marketplace connects shoppers with fresh produce, meat and other groceries at up to 50% off. By partnering with retailers across North America, Flashfood offers shoppers nutritious staples at affordable prices, and reduces the amount of food going to landfills. To date, Flashfood has rerouted more than 130 million pounds of food from landfills while saving its shoppers more than $330 million on their groceries. Flashfood is a B-Corp certified company currently partnered with more than 2,300 stores across North America. For more information, please visit View source version on Contacts Esther
Miami Herald
21-03-2025
- Business
- Miami Herald
The Cheesecake Factory makes bittersweet changes to its menu
The Cheesecake Factory (CAKE) ended 2024 on a strong note unlike some of its competitors in the restaurant industry, which is suffering from an alarming consumer trend. In The Cheesecake Factory's fourth-quarter earnings report for 2024, it revealed that its comparable restaurant sales increased by 1.7% year-over-year during the quarter. It also generated $921 million in total revenues, which is 5% higher than what it earned during the same time period in 2023. Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get the first month FREE The boost in sales and profit comes during a time when many consumers are increasingly avoiding fast-food chains and restaurants to save money as they battle inflation and higher costs of living. Related: Domino's Pizza unveils generous deal amid alarming consumer trend It appears that this trend isn't going away anytime soon. According to a recent survey from The Harris Poll and Flashfood, 81% of Americans said that saving money on food is a priority for them this year. Also, 89% said that cooking at home not only saves money, but is a healthier option than eating out. "Consumers are going to focus more on cooking at home as opposed to eating out or ordering from restaurants to save money," said Flashfood CEO Nicholas Bertram in a press release. "This is an opportunity for retailers to think creatively about their tech offerings to make sure they enable the purchase of quality, nutritious and affordable food." Amid this consumer trend, The Cheesecake Factory is making major changes to its menu, which is famous for containing 250 items, in an effort to attract more restaurant chain is axing 13 menu items, which include: Everything Flatbread PizzaMushroom BurgerSeared Ahi Tuna SaladWhite Chicken ChiliSpicy Cashew ChickenBistro Shrimp PastaFried Shrimp PlatterPetite FiletFactory CombinationsLoaded Mashed Potato OmeletteTaco Dorados and EggsSkinnyLicious Lemon Herb Parmesan ChickenSkinnyLicious Spicy Shrimp Pasta To lessen the blow for fans, The Cheesecake Factory is also adding roughly 20 new menu items. These new offerings include Honey Roasted Carrots, Seared Tuna Tataki Salad, Grilled Steak & Eggs, Asian Cucumber Salad, etc. During an earnings call on Feb. 20, The Cheesecake Factory President David Gordon first teased that the company's new menu has a wider range of price points. Related: Steak 'n Shake's beef tallow fries aren't as healthy as they appear "This new menu has a great range of price points, everything from $12.95 to $31," said Gordon. "So if you're looking for value at a lower price point with an appetizer, it's there or if you want some of the best steak treats you've ever had at $31, which is a great value if you compare that to a high-end steakhouse when it comes to what our offering is, we are meeting all those different price points." The restaurant chain will also be focused on adding a plethora of mocktails to its menu as more Americans develop a cautious attitude towards alcohol consumption. "We are also focused this year on rolling out some incremental non-alcoholic beverages because that's the one category, I think that the industry has seen a little bit of pressure in," said Matthew Clark, The Cheesecake Factory chief financial officer, during a recent earnings call. More Food + Dining: Starbucks announces bittersweet change you will soon see in storesCostco confirms major change to its food court menuMcDonald's menu change sparks sharp criticism from customers According to a recent survey from Gallup, 45% of Americans believe that drinking one or two alcoholic beverages a day is harmful to one's health. This is a six-percentage-point increase compared to survey results from last year and a 17-point increase compared to responses in 2018. This change in attitude toward alcohol consumption may have recently negatively impacted alcohol sales in the U.S. as beer, wine and spirit sales dipped in 2024. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
11-02-2025
- Business
- Yahoo
How Cooking at Home Can Help Americans Save Money in 2025
Inflation has significantly impacted household budgets, especially food costs, pushing Americans to rethink their spending habits. In 2025, 81% of Americans have identified saving money on food as a top financial goal, making home cooking a key strategy to reduce expenses. The rising cost of groceries has led many families to explore ways to eat affordably while still prioritizing health and sustainability. Read Next: Learn More: 4 Things You Must Do When Your Savings Reach $50,000 Nicholas Bertram, President and CEO of Flashfood, explains how platforms like Flashfood can help families save money and meet their financial goals while supporting sustainability. Through Flashfood, consumers gain access to discounted groceries, including surplus food and items nearing their best-by dates, offering a valuable solution for those looking to cut food costs without compromising on quality. Food prices have risen significantly in recent years, currently 27% higher than they were in 2020, according to CNN. Factors such as inflation, supply chain issues and unexpected events like the bird flu outbreak have contributed to soaring grocery costs. As a result, many families are feeling the pressure on their budgets. Although food inflation has leveled off somewhat, other factors, like natural disasters and global conflicts, continue to create short-term price hikes, fueling the perception that food prices are spiraling out of control. As a result, many Americans are looking for ways to cut food costs. Find Out: One of the most effective ways to combat rising food costs is cooking at home more frequently. A recent survey revealed that 89% of Americans believe cooking at home is one of the best ways to save money on food. Furthermore, 89% of respondents agree that preparing meals at home is healthier than dining out or ordering takeout. But is cooking at home really more affordable, and what are the potential savings? Cooking at home is almost always cheaper than dining out. For example, a pasta dinner at a restaurant could cost a family of four anywhere from $50 to $60, including drinks and tips. By contrast, the same meal made at home with a box of pasta and tomato sauce might cost just a few dollars. In addition to saving money, cooking at home offers greater control over the nutritional content of your meals. Restaurant food is often high in calories, fats and sodium, making it difficult to gauge exactly what you're consuming. When cooking at home, you can choose fresh ingredients, control portion sizes and ensure you're feeding your family healthier meals. The price difference between home-cooked meals and takeout can be substantial. For instance, a simple pasta dish at a fast-casual restaurant costs $10 to $15 per plate. This adds up to $40-$60 for a family of four. However, buying the same ingredients at the grocery store could cost less than $10. This clear price difference highlights how cooking at home provides significant savings. Making the shift from dining out to cooking at home can be challenging, but there are several ways to make the transition smoother and more affordable: Plan Your Meals: One of the best ways to avoid last-minute takeout orders is by meal planning. Having a set plan for the week's meals can help you stay on track and prevent unnecessary spending. Plus, once you're familiar with your go-to recipes, you'll know exactly what ingredients to buy and how to cook them efficiently. Batch Cooking: Cooking large quantities of food and storing leftovers is a great way to save time and money. A big pot of chili or soup can feed a family for several days, reducing the need to cook every night and minimizing the temptation to order takeout. Be Mindful of Food Waste: Food waste is essentially money thrown away. Take stock of what you have in your pantry and fridge before planning meals. Using up what you already have on hand can prevent you from buying unnecessary items and ensure you're getting the most value out of your groceries. Here are a few ways to maximize your grocery savings while still eating healthily: Buy in Bulk: Purchasing items in bulk, especially non-perishable goods like rice, pasta and canned goods, can save you money in the long run. Bulk purchases often come at a lower cost per unit, making it an economical option for families. Shop Sales and Discounts: Be flexible with your grocery list and take advantage of sales. For instance, if ground turkey is on sale but your recipe calls for ground chicken, opt for the turkey. Small adjustments like this can lead to big savings over time. Use Discount Grocery Apps: Apps like Flashfood help shoppers find discounts on groceries, including surplus food or items nearing their best-by dates, which can be purchased for up to 50% off. These savings can add up quickly, allowing you to eat affordably without sacrificing quality. While cooking at home offers significant savings, it's also possible to enjoy the occasional takeout or dining out experience. Budgeting for these meals is key. If you're diligent about planning meals, using discounts and shopping for affordable groceries, you can still afford to treat yourself to a meal out once in a while. The key is moderation and ensuring that eating out doesn't become a regular habit that strains your budget. More From GOBankingRates5 Subtly Genius Moves All Wealthy People Make With Their Money 4 Low-Risk Ways To Build Your Savings in 2025This article originally appeared on How Cooking at Home Can Help Americans Save Money in 2025 Sign in to access your portfolio
