QSR Magazine I A Quick-Serve Rebound?

Dickey's Barbecue Pit enjoyed the best growth among quick service restaurants.Technomic report shows strong growth for some chains in 2012.

In a sign that the economic landscape might finally be rebounding for quick serves, early results from Technomic’s upcoming “Top 500 Restaurant Chain” report reveal that the fastest-growing limited-service restaurant chains in the U.S. realized average sales increases of 22.3 percent between 2011 and 2012.

Dickey’s Barbecue Pit was the fastest-growing quick-service chain, enjoying a sales increase of 46.5 percent to $249 million, along with unit growth of 40.4 percent. Firehouse Subs sales spiked 33.5 percent to $380 million, followed by Jersey Mike’s Subs (26.3 percent to $348 million), Raising Cane’s Chicken Fingers (26 percent to $260 million), and Jimmy John’s Gourmet Sandwich Shop (24.6 percent to $1.27 billion). Chipotle (a 20.2 percent sales increase to $2.716 billion) was not far behind.

“For most of these chains, it is not a change in what they are doing; it is what they have been doing successfully year after year,” says Mary Chapman, director of product innovation for Technomic. “Regional chains that are doing well are able to get high-quality financiers, and then are able to grow quickly.”

Read more: QSR Magazine: A Quick-Serve Rebound?
Re-posted by: Crosbie Real Estate Group
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QSR Magazine I Denver No. 1 in QSR Magazine’s Growth 40 Report

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According to QSR magazine’s third-annual Growth 40 report, Denver is the No. 1 large market in the U.S. for quick-service restaurant growth potential.

“Denver has a lot of things going for it: population growth, a thriving business climate, and a popular food and beverage scene,” says Sam Oches, editor of QSR. “And between 2011 and 2016, the city’s quick-service traffic is expected to increase 11 percent. These and other factors will contribute to it being a popular destination for limited-service brands.”

Read more:  http://www.qsrmagazine.com/news/denver-no-1-qsr-magazine-s-growth-40-report?utm_source=jolt&utm_medium=email&utm_campaign=20130108
Re-posted by:  Crosbie Real Estate Group

QSR Magazine | Wendy’s Raises Animal Welfare Standards for Chickens, Pigs

Wendy’s Animal Welfare Council, Dennis Hecker, head of Wendy’s Animal Welfare Council and SVP of Quality Assurance today announced two major improvements to its animal welfare standards to significantly improve the humane treatment of chickens and pigs.

“Wendy’s takes our role as a responsible corporate citizen very seriously, which includes the humane treatment of animals,” says Dennis Hecker, head of Wendy’s Animal Welfare Council and SVP of Quality Assurance. “For more than a decade, our council has set industry leading standards for animal welfare.”

CoStar | The Global 30

A Closer Look: QSR has been reporting on the largest companies in the quick-service segment for nearly 15 years. But the QSR 50 only tells a portion of our industry’s story. Beyond our borders, there is a world of opportunity. Our readers recognize it, and this year’s Global 30 is QSR’s first foray into calculating just how large those opportunities are.

The Global 30 is meant to be a guide to international expansion for domestic companies looking to grow, as well as a directory of the world’s strongest brands for potential international franchisees looking to tap into a perfected system. Like our domestic list, the Global 30 ranks quick-serve and fast-casual companies by systemwide sales. For the international list, however, the sales are only from non-U.S. units, and the companies are all U.S.-based.

View Chart HERE

Read more: http://www.qsrmagazine.com/content/global-30?utm_campaign=20120207&utm_source=jolt&utm_medium=email
Re-posted by: Crosbie Real Estate Group

QSR Magazine | Wendy’s: It’s Time to Compete with Fast Casuals

Wendy’s president and CEO Emil J. Brolick unveiled in the company’s fourth-quarter earnings call yesterday a new recipe to “take the brand where we need it to be,” and said reviving the iconic brand will require competing with upstart fast-casual brands.

While Wendy’s North American company-operated same-store sales increased 5.1 percent in the fourth quarter, Brolick said the company faces stiff headwinds from both convenience stores and what he called the “new [quick serves].”

He said restaurants such as Chipotle Mexican Grill, Five Guys Burgers and Fries, and Panera Bread have grown at a compounded rate of 6.7 percent over the past five years and, not including the breakfast daypart, “have gained virtually all the share, or accounted for all the growth” in the quick-serve segment during the last five years.

Read more: http://www.qsrmagazine.com/news/wendys-its-time-compete-fast-casuals
Re-posted by: Crosbie Real Estate Group

QSR Magazine | The Growth 40

A Closer Look: The following data is from American Express Business Insights. According to the company’s experts, each quick serve will watch different factors to decide whether expansion into an area is right. But negative numbers don’t always tell the full story. For example, if a city posts a declining transaction size but its number of real transactions is up, it may be a good place for operators to expand, if their concepts rely on high traffic and low ticket averages.

CLICK HERE TO VIEW THE CHART

Methodology: The Growth 40 cities are ranked based on a cumulative score. That cumulative score is made up of population rank, spending rank, number of transactions rank, and average transaction size rank. Population data is based on the 2010 U.S. Census. Spending, number of transactions, and average transaction size data were provided by American Express Business Insights. Ties in the cumulative scores were decided based on raw population data, with the larger metro ranking higher.

Read more:  http://www.qsrmagazine.com/growth/growth-40-0
Re-posted by:  Crosbie Real Estate Group