The quick service restaurant (QSR) sector in the U.S. has seen a significant decline in traffic, dropping 1.7% year-over-year as of April. This downturn, identified by Revenue Management Solutions, is linked to rising fast food prices, which increased by 2.0%, coupled with inflation and consumer caution. Moreover, many popular chains like Chipotle and McDonald's are experiencing slower growth, with a notable drop in same-store sales. A recent survey revealed that 40% of diners are cutting back on restaurant spending, opting instead for grocery shopping due to better value.
Many fast food and fast casual chains are seeing slower growth and declining sales fueled by high prices, inflation, and fears that President Trump's tariffs will cause a recession.
RMS's Q1 consumer survey found 40% of American diners said they're spending less of their disposable income on restaurants, with 1 in 4 U.S. consumers reporting instead that they're shopping at grocery stores.
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