8/7/2013 3:51 PM ET|
Taco Bell says: Wake up with a waffle taco
Test-marketing of the 460-calorie breakfast menu item is expanding, and for the company the stakes are high.
The chain yesterday announced plans to expand test-marketing of the waffle taco as it prepares to bolster its breakfast offerings next year. Diners can find the waffle sandwich at about 100 locations in Fresno, Calif., Omaha, Neb., and Chattanooga, Tenn. starting Aug. 8, according to Nation's Restaurant News (NRN).
From a nutritional prospective, the waffle taco packs 460 calories and 30 grams of fat, which is better than some sandwiches and worse than others. Taco Bell also is offering healthier breakfast options such as oatmeal with fresh berries, a fruit-topped yogurt and a granola parfait, which should be welcome news to people watching their diets.
The stakes for Yum are high with the waffle taco. As NRN noted, Americans spend about $42 billion annually on breakfast in restaurants, one of the few bright spots for the industry. Taco Bell's strength has helped Yum offset the declines at its China restaurants caused by concerns about the safety of its food sold there.
U.S. same-store sales at Taco Bell, a key measure of sales activity as stores open a year, rose 2% in the most recent quarter.
Reviews of the waffle taco have so far been mixed.
Writing on Serious Eats, Erin Jackson proclaimed, "If they could, my taste buds would have called the cops." Jezebel's Erin Gloria Ryan declared the breakfast sandwich to be "an abomination."
Other reviewers were kinder.
E! Online proclaimed on Twitter, "We are losing our minds that this is now a thing!" One Instagram user cited by The Atlantic found the sandwich to be "awesome."
Whether investors will find the waffle taco to be yummy remains to be seen. Shares of the fast-food operator were up fractionally in early Wednesday trading.
Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.
More on moneyNOW
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] Equity indices have taken a couple steps back from their opening highs, with the Nasdaq (+0.3%) slipping behind the S&P 500 (+0.4%).
The benchmark index currently hovers in the middle of its range, but the tech sector, which displayed early strength, has narrowed its gain to 0.3%. Other heavily-weighted groups like financials (+0.1%) and health care (+0.2%) also trail the broader market. The consumer discretionary space (+0.7%), meanwhile, continues trading ahead of ... More
More Market News
The company has made at least 4 acquisitions in the space, and few people have paid any attention.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'