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The company’s sales slumped as inflation-weary customers chose to eat at home instead of grabbing fast food. But a $5 meal deal introduced in June helped draw lower-income customers back into ...
Inflation, ongoing consumer demand and early stages of tech integration took over the fast food industry this past year. As Wall Street looks to 2023, it expects those key trends and others to ...
On a conference call with investors Monday, McDonald's Chairman, President and CEO Chris Kempczinski said industry-wide fast food sales to low-income consumers were down double-digits in the U.S ...
The Australian fast food market is valued at more than 2.7 billion GPB and is composed of 1.4 billion fast food meals. This includes meals serviced at 17,000 fast food outlets. The fast food market has experienced an average annual growth rate of 6.5 percent, which is the most rapidly growing sector of the retail food market.
The third quarter ushered in a drop of 6% in North American comparable sales, the company reported. The downward trend in sales was also supported by a decrease in both company-owned domestic ...
The chicken sandwich wars were a marketing trend in the United States during which numerous American quick serve restaurant chains introduced fried chicken sandwiches to their menus. The phenomenon began in 2019 when Popeyes and Chick-fil-A disputed which of them was first to serve such an item. Over 20 American fast food brands added fried ...
A fast-food chain restaurant is generally owned either by the parent company of the fast-food chain or a franchisee – an independent party given the right to use the company's trademark and trade name. In the latter case, a contract is made between the franchisee and the parent company, typically requiring the franchisee to pay an initial ...
Fast food has long been a staple of American diets because it is, or was, so inexpensive. Not so much anymore. Over the past five years, prices for popular menu items at chains like McDonald's and ...