How Do Restaurant Price Hikes Affect Customer Lifetime Value?

customer lifetime value

Have you ever noticed a subtle change in your favorite restaurant’s menu prices and wondered how it might affect your overall dining experience? Well, you’re not alone! In this blog post, we will dive into the intriguing restaurant economics to unravel the mysteries behind those occasional price hikes and their potential impact on customer lifetime […]

How Do You Attract More Customers to Your Restaurant in 2024? 3 Effective Strategies

how do you attract more customers to your restaurant

How do you attract more customers to your restaurant in the ever-evolving landscape of the restaurant industry? 2024 presents a unique set of challenges and opportunities.  As diners become more cautious about their spending, the traditional approach of aggressive price hikes is no longer sustainable. According to Deutsche Bank analyst Lauren Silberman, the era of […]

Enhance Efficiency: 7 Key Methods for Restaurants to Streamline Order and Delivery Processes

streamline order and delivery

The restaurant industry is fast-paced, where efficiency is the key ingredient for success, especially in the quest to streamline order and delivery processes. In an era dominated by on-the-go lifestyles and digital convenience, restaurants are constantly challenged to streamline their order and delivery processes to meet the growing demands of tech-savvy customers. In this blog […]

Shake Shack’s Growth: How It Keeps Learning and Expanding with 500 Locations Strong

Shake Shack's growth

From its humble beginnings as a hot dog cart in Madison Square Park to its current status as a global powerhouse with 500 locations worldwide, Shake Shack’s growth is a fascinating journey of culinary innovation and strategic expansion. As the aroma of their mouthwatering burgers and signature crinkle-cut fries continues to captivate taste buds globally, […]

Will Restaurant Brands Stock Deliver Another Strong Quarter After 9% Top-Line Growth in Q2?

restaurant brands stock

Few industries offer the tantalizing blend of tradition, innovation, and everyday indulgence quite like the restaurant sector. Among the key players in this dynamic field, Restaurant Brands International (RBI) has emerged as a beacon of success, boasting an impressive 9% top-line growth in the second quarter. As the company prepares to unveil its third-quarter results, […]

How Honey Baked Ham Signed Multi-Unit Deal with Founder’s Great-Grandson

Honey Baked Ham signs a multi-unit deal

In the ever-evolving landscape of franchising and family businesses, there are few success stories as heartwarming and intriguing as that of Honey Baked Ham. For decades, this beloved American brand has delighted taste buds and created cherished memories during holidays and special occasions. But what makes this story truly remarkable is how it recently took […]

Why Restaurant Groups Need a Crisis Preparedness Plan

crisis preparedness plan

In the world of restaurant management, one thing is certain: crises are inevitable. Whether it’s a global pandemic, a public relations nightmare, or supply chain disruptions, the foodservice industry is no stranger to adversity. While some establishments successfully weather the storm and emerge stronger, others falter and crumble. So, what’s the secret ingredient that sets […]

Is the Restaurant Industry Workforce Back to Pre-Pandemic Levels?

restaurant industry workforce

In the wake of the pandemic, the restaurant industry workforce faced unprecedented challenges. Lockdowns, restrictions, and shifts in consumer behavior left an indelible mark on this vital sector. Now, as society reopens, the question arises: Has the restaurant industry workforce returned to pre-pandemic levels? In this blog post, we will explore the current state of […]