Despite the incessant chatter about “burger wars,” the competitor McDonald’s should be closely watching is neither Burger King nor Wendy’s but Chick-fil-A, according to an investor brief from Janney Montgomery Scott analyst Mark Kalinowski. He calls the chicken chain a “serious and growing competitive threat” to the largest QSR brand.
Chick-fil-A won’t top McDonald’s in [...]
Restaurants reined in advertising spending in 2014’s first quarter after significantly exceeding the average throughout 2013. According to Kantar Media, total U.S. advertising expenditures (all businesses) increased a surprisingly strong 5.7% to $34.9 billion in the first quarter.
However, restaurant spending in Q1 increased just 1.9% to $1.678 billion. That ended the industry’s year-old streak [...]
Looking for a burger restaurant? You’ll have the best luck in California or Mississippi. California has the largest number of burger joints; 11.72% of all Mississippi restaurants are burger-menu spots, highest share in the U.S. And if you want an independent burger spot rather than a chain location, your best bet is Washington, where 26.61% [...]
Jack in the Box sought to drive breakfast traffic with a Breakfast Melts deal.
Customer traffic at breakfast has been among the few bright spots—and sometimes the only bright spot—for the restaurant business. Last year, morning-meal visits were up 3% while both lunch and dinner showed 1% declines, according to data from The NPD [...]
The recession is finally behind the foodservice industry. Consumer spending on food away from home rose 2.7% between July 2012 and July 2013, while at-home food spending declined by 0.2%. The increase in away-from-home spending brought foodservice (food-away-from-home) spending back to where it was before the recession.
Source: BLS. (*) 2012 and 2013 are [...]
Peter Backman is managing director of London-based Horizons FS Limited, the UK’s most respected foodservice authority. Again this year, he was in Chicago for the just concluded National Restaurant Association Restaurant, Hotel-Motel Show. And as he has been kind enough to do in the past, Peter has again shared with BurgerBusiness.com his report to Horizons’ [...]
Red Robin Gourmet Burgers is proving itself an exception to the general decline of the casual-dining segment of the restaurant business. The Colorado-based chain reported a strong Q1, including a 5.4% increase in same-store sales. Helped by heavier ad spending and the continued success of its top-price Finest burgers, guest counts increased by 0.5% and [...]
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 [...]