Restaurant traffic slips in June, same-store sales continue to rise

The National Restaurant Association’s monthly Restaurant Performance Index reported a moderate decline in June, driven largely by softer traffic. The RPI was 101.3 in June, down from a level of 102.1 in May and the first decline in four months.

FEATURES


5 insights from mobile restaurant customers: The new shopper mindset

The increasing use of smartphones is changing the consumer landscape significantly, particularly for restaurant purchasing.

How do you become the Uber of food?

When an idea comes along like UBER or OpenTable, you have to challenge the status quo and create a better way to serve the customer.

Are Millennials really that hard to please?

Exceeding expectations on food taste is the best way to assure a great experience across generations.

Why is the speakeasy bar concept growing internationally but not in the US?

Colombian-based Wingz's customers require an electronic key to gain access to its restaurants.

How one concept is leveraging the demand for more heat

Mazzio’s added a jalapeno stuffed crust pizza to its new menu platform.

Holy jalapeno! How hot will menus get?

Sriracha, according to CCD Innovation, is in 2014 what chipotle was in 2009.

Can the pizza segment be a contender in the 'breakfast wars?'

Some pizza operators are committed to breakfast because it is a sales additive with few additions to fixed overhead costs.

Papa John’s franchisee: Trying to be everything to everyone is a bad strategy

Pierre Panos expects a ‘shakeout’ in the fast casual pizza subsegment.

Consumer Reports: Low chain restaurant scores should be a ‘wake-up call’

Food quality now trumps location convenience for restaurant consumers.

Millennials want more than brand familiarity

Younger consumers are willing to pay extra for products from companies with positive social, environmental impacts.

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NEWS


Younger consumers prioritize speed of service and technology

Generation Z, Millennials, Generation X and Baby Boomers total about 74 percent of the U.S. population, and make up a majority of foodservice consumers.

More consumers opting for takeout meals over hotel room service

Recent data from PFK Hospitality Research shows that hotel room service revenues fell 9.5 percent from 2007 to 2012, with some hotels discontinuing operations altogether. At the same time, takeout orders to hotels are growing exponentially, according to GrubHub Inc....

U.S. restaurant traffic remains stagnant with no tailwind in sight

U.S. consumers made approximately 61 billion visits to restaurants in the year ending May 2014, which is a stagnant number and remains below pre-Recession traffic levels by about 1.3 billion visits, according to new research from the NPD Group.

Multiunit franchisee growth outpacing restaurant industry growth

According to new data from the Restaurant Finance Monitor’s annual "Monitor 200" ranking, the 200 largest restaurant franchisees in the country saw their total revenues grow by 9 percent in 2013. This growth "easily" outpaced the overall restaurant industry’s growth,...

Kronos outlines three trends transforming workforce management

Kronos Incorporated recently hosted an event with retail and hospitality executives, including those from Starbucks, Dick’s Sporting Goods, Forever 21 and more. According to a news release, attendees held discussions about trends – such as gamification, omni-channel, and global readiness...

Without weather to blame, restaurant industry's Q2 results 'lackluster'

The Restaurant Industry Snapshot for Q2, released this week by Black Box Intelligence and People Report, reports a 0.3-percent growth in same-store sales, which was 0.5 percent higher than the first quarter, which was affected by adverse weather conditions. Still,...

Ethnic cuisine expected to play a larger role in next five years

New research from IBISWorld takes a look at some of the trends emerging in the foodservice industry, and suggests where operators must adapt. According to the report, changing population demographics and more health-conscious consumers are driving these trends.

Consumers showing less concern about sodium intake

New research from The NPD Group finds that U.S. consumers are less concerned about their sodium intake than they were a few years ago.

Chicago Mayor pushes for $13 minimum wage

Earlier this week, a task force appointed by Chicago Mayor Rahm Emanuel released a recommendation that the city’s minimum wage be raised to $13 an hour by the year 2018. According to the Chicago Tribune, state lawmakers are expected to...

C-store traffic gets a lift from foodservice offerings

Adding even more pressure to the increasingly competitive restaurant industry, convenience stores are getting a bump from consumers seeking out foodservice options. According to new research from The NPD Group, more consumers (a 2.4-percent increase) cited "food prepared on site"...

Restaurant industry adds 173K in first six months of 2014

Last week’s jobs report from the Bureau of Labor Statistics showed the national economy adding a net 288,000 jobs in June on a seasonally-adjusted basis. This marked the fifth consecutive month with gains of at least 200K. The positive report set off a ripple effect throughout the country, pushing the Dow Jones beyond 17,000 for the first time.

Foodservice trends: What is the next Sriracha?

Technomic has identified trends emerging for the second half of 2014, including hot peppers and sauces beyond Sriracha, barbecue flavors in QSR handhelds, and classic snack brands incorporated into new menu offerings. According to a news release, Technomic leveraged its...

Report: Dessert opportunities abound in QSR

A new report from Food Genius, titled “Icing on the Cake – Desserts” shows that desserts are available at nearly 70 percent of restaurant locations in the U.S. However, the QSR segment is the most underrepresented market for desserts, while...

Foodservice operators predict spike in sales in 2014

WeiserMazars LLP, an accounting, tax and advisory services firm, has published its second annual U.S. Food & Beverage Industry Study, which found that respondents anticipate growth in sales, profit and employment in 2014. According to a news release, the study is based on a survey from company representatives in the food and beverage industry.

Restaurant industry health and outlook hits a two-year peak

Driven by stronger sales and traffic levels and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in more than two years.  The RPI – a monthly composite index that tracks the health of and outlook for the U.S.

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Research the latest restaurant industry trends and statistics. Understanding the trends driving the industry and how to leverage that knowledge for future growth will keep you ahead of your competition.