RetailStat’s Post

Interested in taking your restaurant's best dishes to the retail market? Join us for a free workshop session on May 24th at 10am PST. Discover how other restaurant owners are successfully using retail CPG strategies to grow their business. Learn from an industry expert and get ready to expand your brand! Register here: https://lnkd.in/gpm4J8U9 #MenuToMarket #CPG #restaurants #growthstrategies #foodindustry #restaurantgrowth #retailstrategy

Interested in taking your restaurant's best dishes to the retail market? Join us for a free workshop session on June 5th at 10am PST. Discover how other restaurant owners are successfully using retail CPG strategies to grow their business. Learn from an industry expert and get ready to expand your brand! Register here: https://lnkd.in/gfujSQF6 #MenuToMarket #CPG #restaurants #growthstrategies #foodindustry #restaurantgrowth #retailstrategy

Great article here from QSR Magazine surveying changes in QSR and Fast Casual Restaurant consumer behavior: - Overall guests stating “eating less often than last year” at specific restaurants continue to outpace those who are eating “more often.” - 19% of respondents reported visiting Starbucks less in the last year, with just 5% reporting they are visiting more often. 52% of those reporting visiting less cited "too expensive" as the primary reason. - By age bracket, spending growth was led by a 25% increase from those 45-60 and a 13% increase for those 18-29. This was offset by a 4% decline from those 30-44 and a 6% decline for those over 60. - 15% of respondents reported visiting Chipotle Mexican Grill less in the last year, with just 4% reporting they are visiting more often. 28% of those reporting visiting less cited "inconvenient" as the primary reason, with 22% citing "too expensive". - On a sequential basis (last three months), more than 70% of concepts surveyed posted improvement in perceived consumer value, with the largest gains at Pinstripes, Dutch Bros Coffee, Kura Sushi USA, and Potbelly. Full article: https://lnkd.in/gCqYH6H6 #consumerspending #qsr #fastcasual #restaurants #retailrealestate #qsrmagazine #cbre

Fast-casual emerges as the sweet spot for restaurant industry growth The fast-casual category first became a thing in the 1990s (about the time Chipotle emerged) and came of age in the 2010s following the Great Recession, when consumers wanted more bang for their buck in the form of value, speed, and quality. The category came to be defined as a sort of elevated QSR but without the full-service component of casual dining. Fast forward to this post-pandemic environment and fast casual has become a rare sweet spot of growth for the industry as price point lines continue to blur between segments. In the past several quarters, as inflation-weary consumers pull back on visits to most casual-dining concepts and some quick-service concepts, fast-casual players like Potbelly, Chipotle, Wingstop, CAVA, and Shake Shack have enjoyed traffic lifts — in some instances quite significant. The segment has also outperformed on sales. According to recently released Technomic data, fast-casual sales in 2023 grew by 11.2%, followed by quick-service sales at 7.9%. Family-dining restaurants grew by 5.7% and casual-dining chains grew by 4.7%. Read more: https://lnkd.in/gua6xKxQ #foodservice #restaurant #foodandbeverageindustry

"QSR chains generally remain in a good position relative to the dining industry. They are a more affordable option than other food channels, they've invested more in mobile ordering and drive-thru technologies, they're opening more stores in high growth markets, and many chains have embraced new celebrity partnerships to help drive sales and menu innovation -- like McDonald's Famous Orders.'" Consumers have returned to McDonald's, Chipotle Mexican Grill and Panda Restaurant Group post-pandemic, but many are dining outside of what are considered typical breakfast, lunch and dinner times. Teresa Buyikian features Placer.ai's "Catching Up With Fast Food" report and commentary from R. J. Hottovy, CFA in this recent MediaPost article. Read more here: https://lnkd.in/d9xH3C69 #foottraffic #foottrafficanalytics

Navigating the New Era with Roy Rogers! Thrilled to be part of the conversation on brand transparency and innovation in the quick-service restaurant industry. Check out my latest article in QSR's, "How Roy Rogers Plans to Thrive in a New Era of Restaurants.”  https://lnkd.in/ghHSbZ7e   #LegacyBrands #NewEra #RoyRogers

One of the things we've always done at QSR is create a space for experts to share their thoughts. Something like dynamic pricing, I'd much rather open that gate than try to pretend I have any idea what I'm talking about. So yesterday, Michael Lukianoff dropped some wisdom. Today, Sherri Kimes is going to fill you in on a survey she conducted with 300 consumers and what it revealed. "For restaurant operators, the message is straightforward: a well-communicated, strategically thought-out pricing strategy can serve as an effective instrument for managing revenue and distributing demand."

Love seeing our own Ted Babcock’s name in the trade headlines. Few people know as much about #economictrends, #priceoptimization or #menuoptimization in the #restaurantindustry. Ted leads our consulting strategy team and when he talks, we listen. 💯🐟🥣

Sizing up how the end of 2023 was for restaurants #cre #commercialrealestate #goodmanre #restaurants #restaurantnews #restaurantindustry #restaurantrealestate #restauranttrends #restaurantsales

Tired of inventory headaches in your restaurant or F&B establishment? You're not alone. Our regional sales director, Jim Martell sheds light on three common challenges that could be hindering your business success and how to overcome them #LSRetail #InventoryManagement #RestaurantSoftware #RestaurantManagement #FandB #LSCentral #FoodService #RestaurantTech