Consumer Edge’s Post

Restaurant chains in the U.S. account for a market capitalization of almost $500 billion (as of the end of 2023) divided among 48 companies. Every foodservice category has a clear market share leader with one exception - casual dining. While the leaders in QSR, Coffee, Fast-Casual, and Pizza each own more than 60% of the category’s market cap, for Casual Dining the leader accounts for 45% of the segment’s market cap. This is another fascinating proof point that casual dining is ripe for M&A and consolidation. But it’s a category with such a breath of brands, results, and potential that commercial due diligence is vital. #restaurants #QSR #strategy #duediligence

As investors express concern about an economic slowdown, monitoring consumer spending in areas where inflation has been a burden can indicate what's to come https://lnkd.in/ed3vsaTp. One of those key areas is restaurant spending, particularly where inflation has hit hardest: quick-serve restaurants (QSR), casual dining, and fast casual dining. Here's a look at McDonald's (the largest QSR franchise in the U.S.) and Starbucks transactions versus spending. Dig into our latest research to see how current consumer consumption could indicate broader economic trends.

Can foot traffic predict revenue? It depends... Our clients find it to be a powerful indicator of overall business performance, particularly for businesses in industries where total sales are closely tied to in-person consumer visits. One such example is the casual restaurant industry. Consider the graphic below, which uses Unacast data to show revenue and foot traffic data for Dave & Buster’s restaurants between Q1 2019 and Q3 2023. At a glance, you can see how closely the chain’s overall foot traffic pattern mirrors its quarterly revenue results. In the link below, you can read more details about how the correlation analysis further demonstrates how closely foot traffic and revenues are related for Dave and Buster’s, alongside other casual dining restaurants, Cracker Barrel, Chuy’s, Denny’s, and Texas Roadhouse. https://lnkd.in/ey-4kEgA

Navigate the evolving landscape of food halls and emerging brands with our latest episode of The Restaurant Report. Host Paul B. and co-host Amy Hom delve into the strategic timing for market entry, the pivotal role of loyalty programs, and the impact of economic challenges on upscale and casual dining brands. A candid conversation reveals insights into survival tactics amidst rising labor costs and the critical analysis needed for financial sustainability. Tune in for an in-depth look at the complexities facing today’s food industry. 👉 https://lnkd.in/eJUsRKnS #RestaurantIndustry #EconomicChallenges #SavorFM

🍹 Mocktails: The Game Changer Your Restaurant Needs 🍹 The rise of mocktails is more than just a passing trend—it's a revenue revolution! 💸 With consumers seeking healthier, alcohol-free options, this booming category is transforming the restaurant industry. 🌱 📈 Boost Your Bottom Line by tapping into this untapped potential! From creative ingredients to personalized experiences, find out how mocktails can elevate your menu and increase profitability. Don't miss out on this trend that's reshaping dining habits and filling cash registers! 💼🍹 ➡️ Read more to uncover how your restaurant can thrive in the mocktail revolution. #MocktailRevolution #NonAlcoholicDrinks #RestaurantTrends #RevenueBoost #HealthyDining #BeverageInnovation #FandBTrends #AlcoholFree #MenuEngineering https://wix.to/U2rmqlx #newblogpost

The Food & Beverage market is adapting and evolving: https://lnkd.in/ezZpnQ6J Consumers continue to spend on dining out and at-home delivery. Quick Service Restaurants like Wingstop and Greggs are thriving, while middle-market brands face varied outcomes. The coffee and brunch sector is growing, led by brands like Greggs, Starbucks, and Costa. Independent local chains focusing on authenticity are doing well, and experiential dining venues like Gaucho and Hawksmoor are seeing great success. The industry’s resilience and adaptability are commendable. 👉 How are these trends influencing your business strategy? #FoodAndBeverage #MarketTrends #ConsumerBehavior #FandBIndustry

In the vibrant landscape of the restaurant industry, the right technology can be the key to staying ahead. With 7loc, food establishments gain an 'all-in-one' solution for effective business and marketing operations (including loyalty programs, personalized services, and cost-effective delivery options). Swipe a carousel for a detailed look. #restaurantmanagement #dining #foodindustry ##digitaltransformation #businesstips

Over the past year, Fast-Casual & Quick-Service Restaurant (QSR) chains have thrived, consistently outperforming the Full-Service Dining segment with positive year-over-year (YoY) visit growth every quarter since 2023. Some key takeaways from the report by Placer.ai: • Continued investment in fast service is driving shorter visits to QSRs like Taco Bell and Wendy’s. • Applebee’s is gaining lunch-rush diners by embracing quick-service formats. • Chicken chains such as Chick-Fil-A and Raising Cane's are becoming increasingly popular within the Fast-Casual & QSR spaces. • Celebrating the calendar helps bump up traffic to White Castle and Arby’s. Is it all about efficiency that's driving this growth? How big of a factor is price playing? 🤑 What have you personally experienced at a #QSR that made it better? #RestaurantMarketing #ConsumerTrends

As the dining landscape evolves, restaurants are innovating their strategies to thrive amidst rising prices and changing consumer preferences in 2024. Here’s what we uncovered: → Dining Resilience: Despite challenges, restaurant visits are up YoY for most months, with fast-casual dining leading the charge with a 3.3% increase. → Price and Performance: Chains like Shake Shack have successfully raised prices while boosting visits by 22.8%, thanks to their affluent customer base. → Early Bird Specials: Texas Roadhouse thrives with early dining specials, seeing a 9.7% YoY increase in visits, especially during off-peak hours. → LTO Success: Quick-service restaurants are leveraging Limited-Time Offers to attract diners, with McDonald’s seeing notable boosts in targeted markets. → Michelin Magic: A Michelin star not only enhances a restaurant's appeal but also attracts more affluent diners willing to pay premium prices, making these establishments more resilient to inflation compared to their price-sensitive counterparts. For deeper insights into these trends and strategies shaping the restaurant industry, check out our full report linked in the comments below! #RestaurantIndustry #MarketTrends #ConsumerBehavior

$1.5 trillion? This year? 🤯 The market size and job growth is booming, the industry is sizzling. Dive into key restaurant statistics you shouldn't miss out on. Click on the link below! 👇 https://lnkd.in/gfaqRz8E Level up your restaurant marketing with Menu Tiger. Sign up for free today! 🐯 #marketing #strategy #trends #stats #restaurantmarketing #digitalmenu #menutiger #nyc