Fast-casual chains such as Smashburger have fared better than QSRs.
Sales by the top burger-menu chains was $72 billion in 2013 but nominal growth was just 1.2%, according to researcher Technomic. Inflation-adjusted sales show a decline last year. “Burger chains have finally reached maturity,” the company concludes in its latest report.
Technomic says the [...]
The 10-Ks have been filed with the SEC allowing the annual comparative look at the balance of power among the largest burger chains. There’s one significant change this year.
A few years back, it was widely reported that Wendy’s had passed Burger King and become the No. 2 burger chain. News outlets repeated it [...]
Source: The NPD Group (click for larger)
The U.S. foodservice industry saw a 1% decline in customer traffic in 2013’s Q4 coupled with a 1.8% increase in spending (though much of that likely is from menu price hikes). Increasing both traffic and check proved to be difficult at the end of last [...]
The burger boom rolls on. The number of independent burger restaurants continues to increase at a rate faster than those for chain burger units, all quick-service or the total restaurant industry.
Indie burger restaurants continue to grow fast than chain burger brands or the total industry. Source: NPD Group.
According to The NPD Group’s [...]
Hot dogs are the fastest-growing item on English menus, growing in popularity and sophistication in much the same way that burgers have done in the U.S. over the past decade.
Last summer hot dogs cracked the list of the Top 20 foods in Britain across all categories (pub, restaurant and hotel) on British researcher Horizons’ [...]
The battle for customers waged between fast-casual and quick-service restaurants proved about as noncompetitive last year as Sunday’s Super Bowl. Fast casual won. Again.
Source: The NPD Group/CREST
Full-year data from The NPD Group survey reveal that customer traffic at fast-casual restaurants increased 8% in 2013 (12 months ending November). Meanwhile, the total restaurant [...]
Consumer prices rose 1.5% from December 2012 to December 2013 but menu prices (food away from home) rose faster, jumping 2.1%, according to full-year data from the Bureau of Labor Statistics.
Source: Bureau of Labor Statistics
That meant the cost of dining out rose more than four times that for dining at [...]
Source: The NPD Group
The Philly Cheesesteak Burger available for a limited time at Carl’s Jr. and Hardee’s is a beef patty topped with sliced steak, melted Swiss and grilled peppers and onions. It sounds good but new research from The NPD Group says only one in five customers is likely to order it. [...]