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Tim Hortons overhauls loyalty program after giveaways put a big hole in sales

RGU

Sales at Tims fell US$150 million last year, compared to the year previous. ​ Sales at Tims fell US$150 million last year, compared to the year previous. “We’ve attracted far more guests to our loyalty program far more quickly than we had planned,” Cil told investors on a conference call on Monday. .

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Tim Hortons overhauls loyalty program after giveaways put a big hole in sales

RGU

Sales at Tims fell US$150 million last year, compared to the year previous. ​ Sales at Tims fell US$150 million last year, compared to the year previous. “We’ve attracted far more guests to our loyalty program far more quickly than we had planned,” Cil told investors on a conference call on Monday. .

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2023 Reflections: The Year That Was in Restaurants, Part Two

Modern Restaurant Management

As with most other industries, the biggest talking point for restaurants in 2023 has been artificial intelligence. . Each year, Modern Restaurant Management (MRM) magazine asks experts for their views on the state of the industry. Here are some of their insights. Click here for the first part.

2023 192
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The State of Full Service Restaurants

Modern Restaurant Management

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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MRM Research Roundup: QSR Update and What Feeds Us

Modern Restaurant Management

To accurately assess the underlying trends of restaurant performance, RMS compared 2021 sales and traffic to pre-pandemic 2019 data. On average, sales were up 8.1 percent over 2019, and average check increased by a remarkable 22.9 percent compared to 2019. QSR 2021 Performance. ” QSR App Adoption.

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MRM Research Roundup: End-of-September 2021 Edition

Modern Restaurant Management

The data also points to a broken customer arrival experience. Consumers ranked local chains as their second most desired type of apps and loyalty programs. The edition of MRM Research Roundup features what feeds us, drive-thru drama, a Tik Tok survey on restaurants and the best cities for beer. The State of What Feeds Us.

2021 157
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Top Restaurant Tech Trends in 2024

Chowly

The restaurant industry’s optimism rests on customer loyalty, with 9 in 10 consumers considering dining out an essential lifestyle choice. While restaurant sales are predicted to rise in 2024, high operational costs will limit profit margins. trillion in sales for 2024 signals strong economic activity.

2024 96