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2008 QSR 50 When the price of a gallon of gas is approaching that of a quick-serve value meal and a full tank could buy a meal for two at Ruth's Chris, you've got to wonder when people will choose getting back and forth to work over the drive-thru at lunch. As a general rule, when disposable personal income is tight, quick-serve and fast-casual restaurants fare better than their causal and high-end cousins because people will shift their purchases downward. That rule held true in 2007 but the potential downside hasn't been deminished. |
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EXCERPT: Starbucks added another 1,788 stores to pass the 10,000-unit mark. That 20 percent in additional stores bumped systemwide sales up 19 percent, enough to supplant Taco Bell from the top five. The coffee chain has advanced a rank in the QSR 50 for each of the past five years. With 600 store closings planned by the end of March 2009, look for Starbuck's to drop from its No.5 spot next year. Chairman Howard Schultz took the full reins in early January 2008 in the midst of declining store comps and margins. The company has scaled back U.S. growth plans, revamped upper management, and is beginning to dump some food offerings in favor of concentrating on what it does best. This report is available for purchase in the NXTprints format. This lively report format has fully functional navigation, can be saved and printed. See a Sample.
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