Jed Schneiderman’s Post

McDonald's throws down the gauntlet to Starbucks with CosMc's, a 'beverage concept' ditching Big Macs for bold lemonades, gourmet coffees, and trendy treats. The focus is on establishing a brand that sells pick-me-up customizable drinks and coffee targeted towards the afternoon market. The recently launched pilot store in Bolingbrook, Illinois boasts four drive-thru lanes and skips dining areas, focusing solely on customizable cold drinks and grab-and-go snacks. A few questions: Can CosMc's crack the code on beverages tailored to individual tastes? Will it be able to provide a speedy service that gets the customers back? Will customers miss the human touch of Starbucks? Only time will tell. Meanwhile, what are your views on McDonald's bold move? | #debsreflection #McDonalds #cosmcs #beverage #qsr #retail #customerservice #customerexpereince #operationalefficiency #valueproposition |

🥙 Chipotlanes are picking up steam in 2024. Chipotle Mexican Grill, opened 271 restaurants last year. Of those, 238 had a Chipotlane. In fact, Q4 had the highest number of restaurant openings in its history (via Restaurant Dive), with 121 new units! 📌 Chipotle now has 811 restaurants that feature Chipotlanes with expectations that they could surpass 1,000 this year. 📌 The company expects to open between 285 to 315 new restaurants this year with 80% of those including Chipotlanes. What's so great about Chipotlanes? Customers love them and so does the fast casual chain with sales about 15% higher ⬆️ in Chipotles that feature Chipotlanes over those that don't. Additionally its a super quick way for customers to get food without leaving their 🚗 car. Read more here: https://bit.ly/42JqgDG #TSCG #CREtail #RetailStores #CRE #Retail

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

Interesting insights into the current restaurant industry landscape. The shift in consumer behavior post-Covid is evident, with a surge in demand followed by challenges like inflation and rising operational costs. The impact is clear as sit-down restaurants are facing closures weekly. California Chicken Cafe's focus on takeout and quality food in smaller locations is a winning business model amidst these changes. #RestaurantIndustry #BusinessTrends #ConsumerBehavior #Calforniarealestate

Dine Brands Global is looking to develop more dual-branded restaurants, blending some of its new Applebee’s and IHOP restaurants into one location under the same roof to save money on real estate and supplies while driving more sales. U.S. spending on eateries has held up well across most categories since pandemic-related restrictions were lifted around mid-2021, even as many companies have raised prices in response to elevated food and labor costs. The National Restaurant Association trade group expects the industry to post a record $1.1 trillion in total sales for 2024, and employment to top 15.7 million by year’s end. U.S. restaurants posted an eleventh straight month of sales growth in January. Dine Brands has opened 8 of these dual-branded locations to date all outside the US. Each of the 8 has doubled in revenue from their traditional restaurant. If you would like to read more about the Applebee's and Ihop Dual-branded American expansion read this informative article from Costar https://lnkd.in/e89kpSCP

This is a very nice review and narrative of the Q4 public SSS results. Thank you Jonathan Maze and Restaurant Business Online. A few follow on points. Looking at both Knapp Track and Black Box side by side (thank you Lauren Silberman for very helpful CY 22 and 23 view in DB Restaurant Industry commentary), one can certainly see the decline in casual dining SSS momentum at most brands throughout 2023. I'm particularly seeing no SSS momentum in the prime seasonality months of May-August. Could that be flat marketing or no product new news? Or has the market changed? Especially after the Darden commentary last week about "normalization" we need more perspective about what that means. Also, we should give credit to both brands in The Cheesecake Factory Bakery Group: Cheesecake Factory posted SSS at plus 2.5% and North Italia at plus 7.0%. This validates their operating standards and in time will demonstrate the value of the M&A. Texas Roadhouse was strong as usual, along with Maggiano's

Hungry to find out which #restaurant #brands are the world’s most valuable in 2024? Find out the winners below! This year’s top 10 dominated once again by American brands: - Starbucks reigns supreme in 1st place, with a whopping brand value of US$60.7 billion. - McDonald's holds onto 2nd place, brand value US$38 billion. - KFC sizzles in 3rd place, valued at US$14.2 billion. Discover the full report by clicking the link below. #Restaurants

McDonald's to test a new coffee shop style concept called CosMc’s The firm also has ambitious plans for the core business and wants to open another 10,000 restaurants worldwide in the next four years. McDonald's is testing a coffee shop-style restaurant that puts it in competition with the likes of Starbucks. It's opening the first CosMc's in Illinois this month - with the aim of having 10 in the US by 2024 - mainly in Texas to begin with. CosMc's is described as a "beverage-led concept" that's "inspired by nostalgia" - and is named after a space alien character it introduced in the 1980s. The company already has the McCafe coffee brand within existing McDonald's, but the new stores take that further while also offering a larger menu of specialist drinks. The firm showed off a sample of 13 drinks including a churro frappe, turmeric spiced latte and a blueberry ginger boost. There will also be sweet snacks available and two of the most popular items from mainstream McDonald's - the McFlurry and the Egg McMuffin. McDonald's said it would study the popularity of CosMc's for at least a year before deciding whether to expand. Chief executive Chris Kempczinski said the new concept was intended to fill a sales slump its outlets normally see in the mid-afternoon. "This is a $100bn category that's growing faster than the rest of [casual dining] and with superior margins. And it's a space that we believe we have the right to win," he told an investors' conference on Wednesday. McDonald's also has ambitious plans for the core business and wants to open another 10,000 restaurants worldwide in the next four years - with the aim to hit 50,000 in total. Starbucks meanwhile, has big expansion of its own in the works. Last month, it said it was aiming for 55,000 stores globally by 2030, up from 38,000 today. Do you think it will be a big success? ☕️☕️☕️ #drivethru #coffee #takeaway #hospitalityindustry #growth #diversity #major #in Sky News https://lnkd.in/g89DuZGS