Jersey Mike's Subs’ Post

Feeling hungry? Check out Mitchell Taylor's latest thoughts on the state of the AUS fast-food industry and how to create value in this space 🍕

It's hard to believe we're halfway through 2024, but that means it's time for a state of the industry! Thanks, QSR for this thought-provoking article. #RestaurantNews #RestaurantBusiness #DataDrivenMarketing

This is an interesting snapshot into the evolving nuance of restaurant loyalty: “Since the beginning, when a customer drives up to 7 Brew, an employee asks for a phone number. Once the guest provides that, they’re in the loyalty program. Across roughly 220 locations, there are 3.2 million loyalty members, and 92 percent of transactions have a customer ID associated with them. When a loyalty member returns, the employee can pull up the person’s most recent order or suggest something similar.”

Interesting read - have QSR's taken price increases too far? 69% of low-income consumers say rising prices are making restaurant dining too expensive* & 59% will eat out less often (10% incr. vs. prior year)*. Will Value Menu going to be enough to engage consumers to come back? How will brands incentivize consumers to move beyond Value Menu options? How do brands plan to incentivize guests to come back? What impact does Value Meal pricing have on margins? How does a brand drive margin and value at the same time?

📊 Latest QSR Trends Update 🍔📈 🚦 QSR US traffic is showing a minor dip, down -1.7% compared to Q4 2022. 📈 Notable Highlights: 1️⃣ Despite the traffic decline, net sales are holding strong with a positive growth rate of +2.5%. 2️⃣ 🌆 Dinner reigns supreme! It continues to be the best-performing daypart for QSR, experiencing a positive traffic boost of 0.6% compared to Q4 2022. 🔍 Dive deeper into the numbers and stay ahead of the game in the ever-evolving Quick Service Restaurant industry. 💼🍟 #QSR #Trends #BusinessInsights #FastFoodEconomics

Fantastic article by Danny Klein! The new QSR Value Menus are driving traffic, which is no surprise. The key issue remains how long most chains can sustain this strategy before it erodes margins. It will be interesting to watch over the summer and into the back-to-school season... Check out the full article here: #QSR #ValueMenus #RestaurantIndustry

Interesting News in QSR Trends! 🍔🍟 The New York Post shared an article featuring Revenue Management Solutions insights on how Sonic's new $1.99 value menu is tackling rising prices. Unlike their rivals' temporary deals, Sonic's new value menu is "here to stay." Read on below for more details! #QSR #ValueMenu #FoodIndustry #ConsumerTrends #Sonic

Every year, we look forward to QSR Magazine’s drive-thru report, which helps shape our innovations in the busiest part of QSR operations Key insights from this year’s report include: 🔎Speed & Efficiency are still key: With a remarkable 15% increase in drive-thru transactions, speed has never been more crucial. New technology innovation is transforming the customer experience. 🔎Accuracy is "absolutely critical": In today’s fast-paced environment, guests expect their orders to be exactly as requested—no compromises. 🔎Digital Innovation is the way of the future: Mobile ordering and AI-driven systems are enhancing convenience, driving engagement, and boosting sales. Digital menu boards are also a game-changer, offering real-time updates that significantly enhance order accuracy. Restaurants using digital menu boards reported an 8% increase in order accuracy when customers confirm their orders. Leading QSR brands are increasingly moving towards a fully digital experience. 🔎Customer Satisfaction is a balance: Leading QSRs are focused on finding the right mix of speed, accuracy, and hospitality to improve the experience for both team members and customers. With insights like these, we continue to develop technology solutions that meet restaurant needs and deliver the best possible experience for both team members and their customers 🍔 To read the full report, click the link below: https://hubs.la/Q02St29c0

In Sam Danley's latest article for QSR, our CEO Zachary Goldstein shares insights on the shifting dynamics of restaurant delivery. Zach emphasizes that while third-party delivery is often necessary, restaurants must prioritize their first-party channels to maintain valuable customer relationships and data. At Thanx, we’re committed to helping restaurants enhance these direct connections through personalized, data-driven loyalty programs that go beyond discounts. Read the full article to see how the industry is evolving and why focusing on first-party experiences is crucial for long-term success: https://lnkd.in/gQ2fqPja

🍔 Wendy's "dynamic pricing" announcement made headlines.. and I've shared my thoughts here on where the industry has opportunity. Dynamic and personalized promotions to enhance the guest experience. Grow loyalty, boost sales and profitability. Published in QSR Magazine. #qsr #dynamicpricing #promotions #marketing #pricingstrategy #wendys