It’s been a season of slowing sales for quick-service restaurants (QSRs). That could mean these fast-food brands have to launch greater promotions to attract cost-conscious diners, Reuters noted in a Thursday (May 2) report. “The lack of value offers has opened up consumers to shop for different...
Rising prices at fast food eateries and other restaurants reportedly have lower-income diners pulling back. Around a quarter of low-income consumers — those who make under $50,000 a year — said they were eating less fast food, while roughly half said they were making fewer trips to...
Wendy’s wants diners to know it’s not raising prices, despite what they may have heard. When reports emerged recently that the fast-food chain was going to test dynamic pricing — or surge pricing, the practice of hiking prices when demand is at its highest level — a social...
Fast-food chain owner Inspire Brands may be nearing an initial public offering (IPO). Private equity firm Roark Capital has talked with potential advisers about a listing of Inspire Brands in late 2024 or 2025, valuing the business at about $20 billion, Bloomberg reported Wednesday (Feb. 14), citing unnamed sources. The...
April 11, 2023
The planets are aligning around voice artificial intelligence (AI) as everyday business use cases begin to build, perhaps nowhere more so than at the restaurant drive-thru. The synergies are clear, as evidenced by the recent pact between ChatGPT creator OpenAI and Presto, the voice AI used by quick-service restaurants (QSRs) and fast-food chains like Applebee’s, […]
September 06, 2022
On Monday (Sept. 5), California’s Governor Gavin Newsom signed into law Bill AB-257, which will set higher wage requirements for fast food workers as well as enact standards related to...
July 20, 2020
Loyalty programs with enticing incentives have always served as an effective tool for helping drive business for quick-service restaurants (QSRs). But those innovative programs once considered optional are now becoming...
January 20, 2020
Living up to their names, fast-casual and quick-service restaurants (QSRs) are embracing innovative technologies to help drive sales in the increasingly competitive restaurant industry. More restaurant owners are finding the...
May 05, 2024
Denis Montenaro, a regular McDonald’s diner, recently came to a decision. “I’m done with fast food,” the 75-year-old California resident told The Wall Street Journal (WSJ) in a report published Sunday (May 5). The reason? A visit to the Golden Arches that ended with Montenaro paying nearly $10 for a bagel sandwich and a cup of coffee. As […]
May 02, 2024
It’s been a season of slowing sales for quick-service restaurants (QSRs). That could mean these fast-food brands have to launch greater promotions to attract cost-conscious diners, Reuters noted in a Thursday (May...
March 27, 2024
Rising prices at fast food eateries and other restaurants reportedly have lower-income diners pulling back. Around a quarter of low-income consumers — those who make under $50,000 a year — said they...
February 28, 2024
Wendy’s wants diners to know it’s not raising prices, despite what they may have heard. When reports emerged recently that the fast-food chain was going to test dynamic pricing — or surge pricing,...
