Remove 2023 Remove Casual Remove Fast Casual Remove Pricing
article thumbnail

MRM EXCLUSIVE: Consumer Data Analytics Reveal Dining Patterns to Attract Customers 

Modern Restaurant Management

More closures in 2023 could reduce the number of restaurants to about 630,000 locations. In August 2023, only eight percent of consumers we surveyed say they do not eat out, so dining out is “in” again. In Causeway Solutions’ September 2023 survey*, we asked more than 800 U.S.

article thumbnail

2024 Outlook: Glass Half Full? 

Modern Restaurant Management

Net sales are primarily driven by average check increases and pricing opportunities are diminishing. When asked if they had ordered more or less from full-service, fast-casual and QSRs in the past month, respondents were primarily bearish, except when it came to QSRs. percent in December 2023 vs. 6.5 percent in Q4 2023.

2024 162
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

2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. Don’t be afraid to increase price.

2023 197
article thumbnail

Moves Modern Restaurants Are Making in 2024

Modern Restaurant Management

We’ve seen this trend take off at many quick-serve or fast-casual chains, where displays and screens provide entertainment value for patrons as they wait for their meals or decide if they are staying for dessert. It has its place in the restaurant industry, particularly for quick-serve experiences. ” It gets better.

2024 203
article thumbnail

Maximizing Restaurant Profits by Routing Out Hidden Financial Risks: A Technology-Based Approach

Modern Restaurant Management

This migration could be a goldmine for casual/fast food brands if only they had the people to support them. It’s not unusual for a fast-casual restaurant with over 1,000 locations to manually save the recipes on these drives and then send them to the field teams, and hope they’re properly uploaded.

article thumbnail

The New Dining Habits of the Wealthy: How High-Income Households Are Cutting Back on Restaurant Spending

Modern Restaurant Management

In March, Revenue Management Solutions surveyed more than 800 restaurant-goers across the US to find out how they’re dining in 2023. For the first quarter of 2023, traffic in the QSR segment was down 0.7 For the first quarter of 2023, traffic in the QSR segment was down 0.7 percent YOY) exceeded Food-At-Home prices (+8.4

2023 159
article thumbnail

JBF Survey: Chefs Optimistic Despite Challenges

Modern Restaurant Management

Rising food costs are the number one issue of concern for chefs heading into 2023, according to the survey, with 44 percent of respondents ranking it as their top worry. 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.