Modern Restaurant Management

OCTOBER 24, 2022

Restaurants and customers are feeling the effects of inflation, according to the third quarter 2022 data for the Yelp Economic Average (YEA) report, The report reveals that inflation experiences have intensified for consumers in every state in the U.S. percent from 2022,” added Mudan. ”

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Fast Casual Food Supply 2022 2021 160

Modern Restaurant Management

OCTOBER 16, 2023

In 2022, there were about 631,000 restaurants in the United States. For casual dining habits at restaurants like Olive Garden: 56 percent said they ate at casual restaurants frequently or occasionally. 29 percent said they rarely ate at casual restaurants. More likely to occasionally eat at casual restaurants.

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Fast Casual Fine Dining 2023 Casual 208

Modern Restaurant Management

APRIL 26, 2023

At a high level, the findings indicated that reported usage across restaurant segments and revenue channels has fallen compared to Q4 2022. On the bright side, sales continue to perform positively compared to last year, primarily driven by price increases throughout 2022. percent YOY) exceeded Food-At-Home prices (+8.4

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2023 Fast Casual 2022 Pricing 138

Modern Restaurant Management

JULY 21, 2022

In May 2022, the annual rate was 8.6 Come June, the Labor Department's Consumer Price Index saw that annual rate climb even further to 9.1 Come June, the Labor Department's Consumer Price Index saw that annual rate climb even further to 9.1 Consumers see a drop in gas prices , bringing them back to drive-thrus.

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2022 2005 Fast Casual Consumer Goods 170

Modern Restaurant Management

FEBRUARY 17, 2023

When Revenue Management Solutions asked respondents about their past behavior, frequent users reported increased usage across all restaurant categories in Q4 2022, particularly quick-service. Move value menus from low-price to abundance. In our survey, 84 percent of households with children report at least one weekly takeout order.

Loyalty Program 176

Loyalty Program Mobile Ordering Customer Service Online Ordering 176

Black Box Intelligence

JUNE 23, 2022

Data through the week ending June 12, 2022. Highest Performers include: Fine-Dining, Fast Casual, and Upscale Casual (based on sales growth). Lowest Performers include: Quick-Service and Casual Dining (based on sales growth). Casual Dining is a newcomer to the low performer category. Overall Sales & Traffic.

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2022 Fast Casual Fine Dining Casual 52

Modern Restaurant Management

JANUARY 26, 2023

There is a widespread new appreciation for restaurants, an encouraging sign for the future, according to The Bank of America 2022 State of the Restaurant Industry report. How would you characterize 2022 for restaurants? In 2021, restaurants saw a rebound, leading many to approach 2022 with rose colored glasses.

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2023 Franchise Franchising Employee Relations 186

Modern Restaurant Management

DECEMBER 22, 2022

Chefs are expressing optimism and anticipate a return to “normal,” according to the 2022 James Beard Foundation Fall Industry Survey. What were common menu items where prices were raised? . Sixty-seven percent of respondents raised prices throughout their entire menu, and 25 percent on a few items.

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Food Supply 2023 Fast Casual Fine Dining 183

Black Box Intelligence

OCTOBER 27, 2022

Steep declines in gas prices and the moderation of inflation rates appear to be the reason behind the bolstered sales growth numbers. from August 2022. in June and July (a sliver of a silver lining) – this is the seventh month in a row (since March 2022) that same-store traffic growth numbers have been negative.

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2022 Point of Sale Fast Casual Fine Dining 40

Aaron Allen & Associates

JUNE 13, 2024

*Originally Published in the Aaron Allen & Associates Newsletter on 06/03/2024 The 50 fastest-growing emerging restaurant chains expanded their sales by a median of 35% year-over-year (in 2022). Every foodservice category has a clear market share leader with one exception – casual dining. Interested in a menu overhaul?

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Fast Casual Point of Sale Guest Recovery Casual 52

Modern Restaurant Management

OCTOBER 20, 2021

So how do operators plan for 2022? Why Takeout Still Reigns (And How Operators Should Price). “But now it’s a normal course of business and should have its own strategy that drives everything from menu to staffing to pricing.” Breakfast and casual eateries/coffee shops can be optimistic. see below).

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2021 Dine-in Customer Service Casual 212

Modern Restaurant Management

NOVEMBER 21, 2022

As is the norm in the widespread economic landscape of 2022, inflation has well-and-truly hit the restaurant industry. Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. In August of this year, the cost for consumers of purchasing food away from home rose by 8.3

Operations 190

Operations Cash Management Seasonal Menu Loyalty Program 190

Modern Restaurant Management

FEBRUARY 21, 2022

Bn at an impressive 22 percent CAGR in 2022. Plant-based eating was previously limited to some selected restaurants and casual cafes. percent CAGR between 2022 and 2032, and Plant-Based Milk sales will grow ~ 2x by 2032, says Future Market Insights. What to Expect in 2022. Plant Based Protein accounted for US$ 11.3

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Fine Dining Fast Casual Food Supply 2022 210

Apicbase

FEBRUARY 29, 2024

Food costs increased in 2023: according to one survey, 60% of operators reported that all or most suppliers raised their prices , up from 50% in 2022. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. million in 2022, to $1,087 million in 2023. million in 2022, to $1,087 million in 2023.

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2024 Operations 2023 Loyalty Program 52

Black Box Intelligence

DECEMBER 16, 2022

Inflation began its decline in late summer, the short term increase in gas prices has since subsided, and the impact of those economic trends can be seen in consumer spending at restaurants. . The restaurant industry has been a primary casualty of the 2022 labor shortage—and guests haven’t been forgiving. year over year in November.

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Fast Casual Point of Sale Front of House Fine Dining 78

Black Box Intelligence

AUGUST 20, 2022

Same-store traffic experienced negative YoY growth for the five-month period ending in July 2022. July’s top performing segments based on sales growth were Family Dining and Fast Casual. The industry’s worst performing segments – those posting negative YoY same-store sales growth – were Casual Dining and Fine Dining.

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Fast Casual Fine Dining Point of Sale Casual 89

EATER

OCTOBER 28, 2022

short Vancouver’s old(er) guard of fine dining restaurants were left by the roadside last night at a Michelin Guide ceremony where only eight one-star awards and 23 Bib Gourmands (the guide’s ‘great food at a great price’ category) were handed out. Here’s the full list: Vancouver’s 2022 Michelin Stars.

Fine Dining 100

Fine Dining Casual Back of House Social Media 100

Black Box Intelligence

SEPTEMBER 16, 2022

Restaurant Sales Growth Rebounds – Posting Best Month Since March 2022 . How did the restaurant industry perform in August 2022? A drop in gas prices combined with a more positive short-term outlook for income, business, and the labor market were all contributing factors. percentage points over July 2022’s growth rate.

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Fast Casual Point of Sale Front of House Fine Dining 68

Restaurant365

MARCH 3, 2022

According to Vacasa’s 2022 Spring Travel Trend’s survey, one thing is clear: everyone needs a break this spring. Casual dining – 32%. Fast casual – 25%. So, whether you are a specialty kiosk, fast-casual, or fine dining, there is additional money to be made by catering to tourists. Springbreak 2022.

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Travel Fast Casual Social Media Fine Dining 146

Black Box Intelligence

JULY 26, 2022

New data from Black Box Intelligence confirms fewer price hikes positively impacts intent to return; leads to increase in guest traffic and sales. Year-over-year guest counts have now been in a three-month decline (since March 2022), impacting sales and traffic. Upscale Casual also saw a steep decline compared to May 2022.

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Fast Casual Point of Sale 2022 Fine Dining 78

Modern Restaurant Management

DECEMBER 21, 2022

Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Don’t be afraid to increase price. The key question is whether or not dining-out traffic will hold up long enough for restaurants to recover the profits they lost in 2022. and the U.K.,

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2023 Loyalty Program Mobile Ordering Customer Experience 193

EATER

JUNE 4, 2024

As the area changes and new residents move in, though, rising housing prices and gentrification represent their own threat to the families who have long lived here. It has also paved the way for bars like Kissproof Belleville , which opened in 2022 and was also among the Le Fooding recognitions this year.

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Back of House Seasonal Menu Bar 2002 76

7 Shifts

JUNE 1, 2022

With more than 30 speakers and 800 attendees at the 2022 event, the Food Marketing Conference - hosted by Western Michigan University - is the event for restaurateurs hoping to spread the word of their business to the right audiences in the most cost-effective ways. In-Person or Virtual: Both ( In 2022 ). Food Marketing Conference.

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2022 Fast Casual Website Management Workshop 195

Modern Restaurant Management

FEBRUARY 5, 2024

Yelp’s engaged community of locals who share their opinions and reviews is what enables its community to connect with great local and affordable businesses – more than 85% of the businesses on the list are priced under 30 dollars per person. The Bureau of Labor Statistics reported that fast-food prices jumped 6.2

2024 189

2024 Loyalty Program Food Order 2030 189

Future Food

SEPTEMBER 6, 2023

Whether owning or renting, the combination of 12 interest rate increases since May 2022, looming fixed rate mortgage cliff and predictions of one more rate increase before year end – interest rate impacts will continue to dominate cost of living pressures. During the last year of the pandemic, costs grew faster than prices rose.

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Hospitality Loyalty Program Retail Food 78

Foodable

MARCH 29, 2022

Instacart still could be overvalued relative to DASH, however, as its revenue growth, last year was less than a third of DoorDash’s, 21% versus 69%, while its price-to-sales ratio is more than 50% higher at 13x compared to DASH’s 7.5x. Fast Casual Drive-Thru? Will this move continue to help the stock price ? March 18, 2022)).

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Fast Casual Employee Relations 2021 Point of Sale 105

Future Food

SEPTEMBER 4, 2023

Whether owning or renting, the combination of 12 interest rate increases since May 2022, looming fixed rate mortgage cliff and predictions of one more rate increase before year end – interest rate impacts will continue to dominate cost of living pressures. During the last year of the pandemic, costs grew faster than prices rose.

Hospitality 78

Hospitality Loyalty Program Fast Casual Food 78

EATER

MAY 5, 2023

Now, McDonald’s and other fast food and fast casual giants are betting on the “digital kitchen” — sleek, compact stores that harness automation and digitalization to have diners ordering through mobile apps or digital kiosks — to get diners in and out in record time. billion , after increasing prices by about 10 percent in 2022, too.

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Fast Casual Food Food Order Mobile Ordering 105

Black Box Intelligence

MAY 23, 2023

The Omicron-induced sales growth boost enjoyed during the first months of the year is long gone, and the industry is now contending with a harsher reality: sales growth is now weaker than it was at the end of 2022. during the months of Q4 2022. recorded for the Q4 2022 months. reported for the months in Q4 2022.

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Webinar Point of Sale 2022 Front of House 52

Black Box Intelligence

SEPTEMBER 15, 2022

Restaurant Sales Growth Rebounds – Posting Best Month Since March 2022 All growth numbers are year over year unless specified. How did the restaurant industry perform in August 2022? A drop in gas prices combined with a more positive short-term outlook for income, business, and the labor market were all contributing factors.

Fast Casual 40

Fast Casual Point of Sale Front of House Fine Dining 40

Black Box Intelligence

DECEMBER 16, 2022

Restaurant Sales & Traffic Growth Softening Again, Likely Signaling Tougher Times Ahead Inflation began its decline in late summer, the short term increase in gas prices has since subsided, and the impact of those economic trends can be seen in consumer spending at restaurants. year over year in November. Yet, staffing levels remain flat.

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Fast Casual Point of Sale Front of House Fine Dining 40

The Restaurant Times

JULY 6, 2023

Today, David is responsible for all aspects of franchise development and operations for Capriotti’s, scaling a recently acquired fast-casual concept Wing Zone to new heights. Capriotti’s has received numerous awards, including the Franchise Innovation 2020 Award and being named in the Top 100 Movers and Shakers by Fast Casual.

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Franchise Franchising Fast Casual Casual 52

Black Box Intelligence

JULY 26, 2022

New data from Black Box Intelligence confirms fewer price hikes positively impacts intent to return; leads to increase in guest traffic and sales All growth numbers are year over year unless specified. Upscale Casual also saw a steep decline compared to May 2022. Industry-wide price increases have driven up check performance.

Fast Casual 40

Fast Casual Point of Sale 2022 Fine Dining 40

Black Box Intelligence

AUGUST 20, 2022

Same-store traffic experienced negative YoY growth for the five-month period ending in July 2022. July’s top performing segments based on sales growth were Family Dining and Fast Casual. The industry’s worst performing segments – those posting negative YoY same-store sales growth – were Casual Dining and Fine Dining.

Fast Casual 40

Fast Casual Fine Dining Point of Sale Casual 40

Goliath Consulting

NOVEMBER 3, 2022

However, in 2022, this number might have just increased a bit more since 2011. According to the Los Angeles Times , poultry prices have increased up to 17% from a year ago. It is an opportunity for all sectors of the restaurant business including quick service, fast casual, casual dining, and fine dining. Shorten hours.

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2011 Fast Casual Fine Dining Dine-in 78

Aaron Allen & Associates

JULY 29, 2022

Already in 2019, restaurants were not able to pass inflationary costs on to consumers (back then, the average restaurant price increase was 3.1% And in 2021 restaurant price increases were 4.5% Bear Robotics closed an $81M Series B funding round in March 2022, led by IMM Investment Corp. while labor cost was growing at 3.8%

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Front of House Back of House 2022 Kitchen Safety 64

The Rail

DECEMBER 20, 2022

We’ve already gone over our top restaurant stories of 2022 , so let’s see what the crystal ball says for 2023. While it may be beyond 2023 that full-service restaurants are able to access this technology, look for it at the fast casual restaurant nearest to you in the very near future. Your Menu Will Never Be the Same.

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2023 Fast Casual Food Supply Seasonal Menu 110