New data from Revenue Management Solutions finds that breakfast traffic in the QSR segment dropped by 7.4% year-over-year, despite a consistent uptick in morning commuters.
Taco Bell CEO Mark King said the chain has big opportunities to grow its lunch and breakfast dayparts, and its footprint, to be on par with McDonald’s.
Nearly half of all gift card sales occur in the last two months of the year and most of those redemptions happen in Q1, a historically slow time for restaurants.