The situation: QSRs are in a tough spot. The restaurant industry had monthly traffic growth in just one of the 12 months through May, according to Black Box Intelligence data cited by CNBC.
Still, in a climate where even major players like McDonald’s and Domino’s are reporting declines, many QSRs are turning to three proven levers to spur growth: loyalty programs, menu innovation, and technology.
Lean into loyalty: Given consumers’ heightened focus on value, QSRs are doubling down on rewards programs to boost visits among their best customers.
To further tap into this growth engine, brands are finding creative ways to increase the perceived value of their programs. Chipotle’s "Summer of Extras" campaign, for instance, encourages customers to visit more often by offering prizes such as free burritos for a year and limited-edition Chipotle cards to the top loyalty users in each state.
Roll out new items: Fresh offerings are also a go-to strategy to drive traffic.
New menu items often serve as content fuel—driving social media buzz, which in turn helps generate foot traffic and app engagement.
Leverage technology: While pulling several levers to boost the top line, QSRs are also looking to protect margins through technology such as genAI.
Our take: QSRs can’t afford to stand still.
In a tough operating environment, brands that act decisively and innovate boldly are best positioned to outpace the macroeconomic headwinds. Even if every move doesn’t deliver an immediate payoff, momentum matters—and sitting on the sidelines is the riskiest strategy of all.
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