ICR XCHANGE – TAKEAWAYS Compass Restaurant Consulting & Research recently attended the ICR Xchange in Miami where over thirty restaurant brands held presentations and breakout sessions. Brand management discussed a range of topics with most focusing on previous quarterly performance or previously made presentations. However, there were several brands that made noteworthy comments about their […]
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Restaurant Industry Summary – December 2012
December was somewhat predictable for restaurant sales (historically one of the best months of the year – QSR & Fast Casual SSS were up moderately; Casual was flat to down). However, towards the end of the month there was a downward shift in several key factors that impact sales. CONSUMER OPTIMISIM was at an all […]
RESTAURANT OPERATORS’ SENTIMENTS – SEPTEMBER 2012
In visiting with many operators during September it became apparent that “uncertainty” is the prevalent attitude. The only caveat was this month many are beginning to move forward with future business plans. So there is a hint of optimism. The main issues that are driving the skepticism are: Any of these issues by themselves have […]
AUGUST RESTAURANT INDUSTRY REVIEW
August brought about several surprises in the drivers that impact sales. There was a retraction back to the “value conscious purchasing habits” seen several other times in the recent years. Even though consumer discretionary spending was up in August, driven mostly by “back-to-school” purchases, customer sentiment swung back to frugal spending. In the current economic […]