article thumbnail

Surgical Pricing Strategies: How QSRs Can Navigate Inflation

Modern Restaurant Management

Using the QSR traffic and sales data Revenue Management Solutions (RMS) has been gathering for 25-plus years, our analysts recently completed an exhaustive comparison of pre and post-pandemic data, comparing the first two quarters of 2022 and 2023 to the same period in 2019. Since 2019, however, QSR traffic has been down nearly 20% (18.4

Pricing 193
article thumbnail

7+ Awesome Restaurant Super Bowl Specials and Promotions for 2023

7 Shifts

In 2019, diners spent $81.30 There are a few things restaurants can do to get ready for the Super Bowl: Stock up on supplies: Make sure you have enough food, drinks, and utensils to accommodate the increase in customers.Think of what's most likely to sell out first: finger foods, wings, pizza, kegs, napkins, special items, etc.

Specials 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Mitigating Cost Price Inflation Via Supplier Management

Hot Schedules

Mitigating Cost Price Inflation Via Supplier Management. T echnology alone can’t affect the causes of cost price inflation. No more special cases. First, let’s talk about supplier lists. It’s good for customers too, as dishes are consistent and quality control stays high. Which leads to a better experience — and repeat visits.

Pricing 148
article thumbnail

MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

While restaurant sales were lower for November of 2018, November of 2019 did not include the same holiday headwinds. Second, the shift of Thanksgiving into December of 2019 converts from tailwind to headwind this month. percent from 2018 to 2019, sales for the whole weekend only increased about four percent. First, at 2.1

2019 128
article thumbnail

Best Summer Cocktail Trends of 2019

Lavu

Take advantage of the festive, summer vibes and offer a special seasonal cocktail menu. Your competition is going to offer summer drinks specials. We’ve scoured the Web, spoken to in-the-know bartenders, and taste-tested the newest drinks to bring you the best summer cocktail trends of 2019. In other words, it’s party time!

2019 60
article thumbnail

Celebrating 90 Years of Fresh, Maine Lobster

Modern Restaurant Management

Our indoor restaurant business started to improve in August of 2019 as more people started to feel comfortable about traveling, especially within driving distance. Food prices are rising all over, how can you manage with a high-ticket item such as lobster? We go out of our way to explain to guests the seafood and lobster pricing.

article thumbnail

MRM Research Roundup: End-of-September 2021 Edition

Modern Restaurant Management

The data further signaled that price increases have had a significant impact on consumer restaurant habits. Nearly two-thirds (63 percent) of participants indicated they have ordered or visited less due to higher prices. Inflation and Pricing Concerns. · 63 percent of customers are impacted by recent price increases.

2021 170