Are fast-casual chains like Sweetgreen and Chipotle defying the dining industry's slowdown? Fast-casual chains, including Chipotle, Wingstop, and Sweetgreen, are outperforming expectations amid a broader industry slump. Unlike traditional fast-food outlets, their clientele, predominantly higher-income earners, perceive them as offering better value, shielding them from the spending downturn affecting other eateries. These chains are capitalizing on consumer preferences, with data showing higher traffic growth than any other dining sector. Efforts to improve efficiency and throughput, such as those by Chipotle and Sweetgreen, are driving faster service and increased transactions, enhancing their appeal to customers seeking quality and convenience. 👉 Click link for details: https://lnkd.in/g5fesRBd #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #sweetgreen #chipotle #wingstop #casualdining
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Beyond the surface: A closer look at restaurant earnings. While strong earnings performance prevailed, a subset faced hurdles in meeting Wall Street's quarterly revenue forecasts, highlighting industry dynamics. Let's remember, we all love lunch and the places that serve it! #RestaurantPerformance #QuarterlyRevenue
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📈 MARKET HIT! DRI Misses: Consumers Miss Low Prices and High Value In this report, we leverage Consumer Edge sub-industry and demographic data to explore how income affects spending among the Darden restaurant portfolio. Darden Restaurants (DRI) continues to outperform the Casual Dining sub-industry, driven by its value-driven LongHorn Steakhouse. https://hubs.li/Q02D0gP20 #DRI #DardenRestaurants #investors #markethit
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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
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The restaurant industry is expected to pass $1 trillion in annual sales this year for the first time and, after 4 (exhaustingly) challenging years, we’re hearing the word “normalize” more frequently. No doubt we should celebrate this resiliency, but it's also important to be pragmatic. By no stretch of any imagination are things back to “normal,” given inflation, high interest rates, labor shortages and costs, and so on... All these factors have contributed to a sort of redefinition of “growth.” Check out what that means in the Nation's Restaurant News Growth Report, which takes a look at current pinch points, geographic variations, segment variations, and how four wildly different concepts are navigating this "reality reset" environment. Special shoutout to Sharon Zackfia, Blake Kaplan, Hudson Riehle, Lauren Fernandez, R. J. Hottovy, CFA, Lisa W. Miller, CSP, Richard Shank, and Joe Pawlak for distilling a complex confluence of trends.
The restaurant operator’s Growth Report
nrn.com
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This is a fun article from the NY Times on the evolution of menus within restaurants: https://lnkd.in/eG9ucC9P It inspired me to take a look at restaurant sales. Even with CPI for #food away from home easing, #restaurant sales continue to surprise. Even though December was a bit light on growth, Q4 2023 sales were still up 10% over Q4 2022. Taking into account the entire year, #2023 restaurant sales were up 12% over 2022. #foodandbeverage #inflation #cbre #cbreresearch CBRE Retail
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The fast-casual dining industry is grappling with declining customer traffic as inflation and rising costs force budget-conscious consumers, particularly those with lower incomes, to cut back on restaurant visits. Instead of broad discounts, chains are employing more targeted promotions and emphasizing dine-in experiences to justify higher prices. The pandemic initially hurt the segment as in-restaurant dining declined, though fast-casual chains adapted by boosting off-premises channels like takeout and delivery. However, as the cost of dining out has increased significantly, consumers are now treating it more as an entertainment splurge, favoring viral fine-dining spots over casual chains. Independent restaurants were hit harder during the pandemic compared to chains. Said BAST AMRON LLP attorney Alejandra Mercedes Iglesia of a recent article by Bloomberg. https://lnkd.in/eyQ5HdbE. #insolvencylitigators #insolvencyandbankruptcy #insolvencyandrestructuring #Bankrutpcyinsights
Fast Casual Dining Hurt by Consumer Struggles
bloomberg.com
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🚨Insights fresh out of the box! 🚨 We're diving into the biggest updates in the restaurant industry-- Here are a few snippets: 📉Sales and Traffic Slowdowns: ➡️Same-store sales growth was -0.1% in June, which represented a 0.4 percentage point deceleration in sales growth for restaurants. ➡️Same-store traffic growth was -2.8% in June, which, although represented a small 0.3 percentage point improvement compared with May, remains very weak compared to historical performance. 💡Value is Key: ➡️As inflation remains a top concern, consumers are more focused on getting the best bang for their buck. ➡️Restaurants that deliver on value are seeing stronger traffic and sales growth. 📊Segment Performance: ➡️The top-performing industry segment from a same-store sales growth perspective in June was quick service, followed by fine dining and fast casual. ➡️Only two segments posted negative year-over-year sales growth in June: family dining and casual dining. ➡️All industry segments experienced negative same-store traffic growth in June. #RestaurantIndustry #EconomicOutlook #ValueMatters #RestaurantTrends #InflationImpact
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The stock price of our client Wingstop Restaurants Inc. has increased by nearly 80% in 2023, with an impressive additional surge of 24% since January 1, 2024. This #performance is quite exceptional in the restaurant sector and can be explained by Wingstop's very particular model, which not only has the ability to appeal to a very broad customer base but also manages to leverage on the brand's high level of #desirability to maintain a #premium positioning. At WhiteSpace Partners Ltd., we are particularly proud to work with #Wingstop to define and implement their development strategy in Europe. #restaurants #strategicconsulting #internationalexpansion #internationalfranchising #fastcasual #QSR #foodservice
Why Shake Shack, Wingstop ended 2023 on top
fastcasual.com
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Marketplace Feature: Sequence Menu 🔨 Perfect for 'build your own' messaging 🎨 Customisable to suit your industry ✨ Clear layout for easy-reading ⭐ Industry match: restaurants, cafes, retail 🔍 Simply search 'sequence menu 1' in the Marketplace 👉 https://lnkd.in/gr-M_S_6 #digitalsignage #digitalsignagesoftware #fusionsignage #marketplace
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Empowering multi-location enterprises to automate & scale marketing efforts across all digital channels in a way that’s brand directed, locally perfected, and data connected.
Consumer spending is trending upwards, and these 27 restaurant brands are reaping the benefits. (https://lnkd.in/emkZnKzZ) 27 fastest-growing restaurant chains right now - https://lnkd.in/eUn-gezE #QSR #growth #multilocationbrands #socicustomers #fastgrowing #consumerspend
The 42 Fastest-Growing Restaurant Chains Right Now
eatthis.com
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