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Restaurant Industry in Review: Trends from October 2024

Black Box Intelligence

And recovery for the industry is continued into October. The recent uptick suggests that the industry may be in full-fledged recovery mode. This made October the strongest month since April in terms of traffic recovery. As a comparison, average guest check increased by a much higher 5.4% Comp Sales -2.5% from September.

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State of the Restaurant Industry Q4 2024: Key Insights and Trends

Black Box Intelligence

Fast Casual Dining They have seen a slight traffic boost This is possibly due to customers’ “trade up” from QSR, especially when price differences narrow. Casual Dining Both traffic and sales underperforming compared to QSR and fast casual. The importance of perceived value has surged among consumers.

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MRM Research Roundup: End-of-May 2021 Edition

Modern Restaurant Management

Data findings in the series have offered insight into customer expectations to support restaurant brands as they navigate through the health crisis and continue to move forward through the recovery. “The data strongly signals long wait times are a vulnerability for fast food restaurants as they compete for customers. .

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MRM Research Roundup: Labor Struggles, Holiday Habits, and Food Truck Trends

Modern Restaurant Management

Fast-Casual Fast Growth Rising prices in recent years have evidently been good for someone: Fast-casual restaurants. ” That report finds that, through the first half of 2024, fast-casual restaurants saw visit growth of 3.2 The fast-casual burger chain increased prices by 2.5

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Restaurant Industry in Review: Trends from July 2024

Black Box Intelligence

July’s Anomalous Performance and Industry Recovery July proved to be a tough month for restaurants, with same-store sales growth. And guests seemingly also slowed down their average spending per restaurant visit or order during July. But what can the most recent trends tell them to generate future success?

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August Restaurant Performance: Could It Be the Turning Point? 

Black Box Intelligence

After several challenging months, signs of recovery are beginning to appear. Our expectation has always been for a stronger Q4 relative to Q3, and the latest data shows that the recovery may start earlier than expected. In addition, Fast Casual, and Upscale Casual were also successful. AUGUST: BY THE NUMBERS -0.4%

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Emerging Restaurant Chains Are Vacuuming Traffic From Established Chains…

Aaron Allen & Associates

This growth rate has remained consistent through the years for fast-growing concepts with sales between $20m-$60m. The competition between these fast-growing emerging restaurant chains and large established chains resembles a lot of competition between an oil tanker and a speed boat.