Restaurant operators are looking to increase their traffic share wherever they can, and a focus on Generation X, who represent 20% of the U.S. population, could be among the answers.
July 24, 2017
Generation X, ages 36-52, now represents 23% of all restaurant visits, not a significant difference from Boomers and Millennials, who represent 26% and 25% of visits respectively, according to “What Matters Most To Key Generational Groups.”
Restaurants and other foodservice establishments plan to fight back by updating their menu offerings, negotiating better terms with suppliers and creating digital services like online ordering, the study says.
May 18, 2017
The restaurant industry and other foodservice operators are on a tear, with sales growth outpacing retail for a decade and revenues surpassing retail for the first time in 2015, according to a new study by L.E.K. Consulting, Boston.
The Top 5 largest full-service brands, four of which are casual dining, all either had negative or slow sales in 2016.
May 11, 2017
A report released by Technomic, Chicago, indicates that the restaurant industry overall fared relatively well in 2016, but full service has experienced some highs and lows, with annual sales growth dipping to 1.4% and unit growth remaining flat.
The study finds that 57% of consumers polled plan to dine out the same number of times in the next 12 months as in the previous year.
April 11, 2017
A new study released by AlixPartners, a New York-based global business-advisory firm, posits that the turbulence in the chain-restaurant industry of late—from underperforming results to an uptick in bankruptcies to renewed shareholder pressures—might not be just a blip but rather a sign of structural changes besetting the industry.
Seasonal food and drink ingredients present a welcome opportunity for consumers to extend that special holiday feeling or escape the dreary winter days for sunny summer flavors.
March 3, 2017
While Americans wait all year in anticipation for their favorite seasonal-inspired food and drinks, new research from Mintel, Chicago, reveals that nearly seven in 10 (67%) consumers enjoy being able to consume specific seasonal ingredients year-round.
One bright spot for the industry is strong growth in breakfast traffic, which rose by 6.3% in 2016 and now accounts for just under one in five restaurant visits.
March 2, 2017
An increasingly competitive landscape and weakening consumer spending will limit revenue growth to 3.9% for Canadian restaurants this year, according to The Conference Board of Canada's latest “Canadian Industrial Outlook: Canada's Food Services Industry.”
While proteins and carriers are top of mind for sandwich consumers, other components such as toppings and sauces are convenient pathways by which operators can explore novel flavor profiles.
March 1, 2017
Sandwiches, burgers and other handheld items account for nearly one out of every four dollars spent in the foodservice channel in 2016, totaling just over $205 billion in sales, according to "Foodservice Prepared Sandwich Category," a study produced by Technomic Inc., Chicago.
Visits to full-service restaurants, which combined represent 20% of total industry traffic, declined last year.
February 8, 2017
QSRs, which represent 80% of total commercial foodservice visits, realized no traffic growth in 2016 and total foodservice traffic dipped slightly, according to a report published by The NPD Group, Chicago.