Content Spotlight
Tech Tracker: How digital tech is capitalizing on the hot restaurant reservations market
Tock and Google now offer experience reservations; Diibs launches as a platform for bidding on last-minute reservations
While sales remain positive, casual-dining chains are suffering and quick-service brands thriving from The Great Trade Down
Already have an account?
The biggest trend throughout the most recent quarter has been the trade down throughout the restaurant industry. Though same-store sales continue to trend positive across the board — likely thanks to ever-increasing menu prices — traffic has begun to slip at full-service restaurants, while limited-service brands are seeing a boost.
Of course, for every rule, there must be an exception. So far, that title belongs to Texas Roadhouse, a casual-dining chain which has seen record traffic levels over the last seven weeks.
At fast-casual restaurants, same-store sales seem to be strong but still underperforming against expectations. Chipotle, for example, saw an increase of 5.6% but still referred to it as a tough quarter. Shake Shack, with a same-store sales increase of 5.1% and increased traffic, seemed more optimistic as it continues to target diners with “affordable luxury.”
In the quick-service space, restaurants are thriving. Krispy Kreme same-store sales were up 15% as that company continues to lean into its omnichannel strategy. Taco Bell saw increased same-store sales of 11% on the strength of its breakfast program, while the other QSR chains in Yum Brands’ portfolio also had increased same-store sales.
Click through this gallery to see how these and other restaurant companies performed in their most recent quarters.
Read more about:
McDonald’sBrinkerChili’s Grill & BarStarbucksChipotleYum BrandsTaco BellPizza Hut Inc.KFCThe Habit Burger GrillDenny’s Corp.Krispy KremeShake ShackTexas Roadhouse Inc.