{"id":113250,"date":"2021-04-30T12:38:28","date_gmt":"2021-04-30T12:38:28","guid":{"rendered":"https:\/\/fin2me.com\/?p=113250"},"modified":"2021-04-30T12:38:28","modified_gmt":"2021-04-30T12:38:28","slug":"u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/","title":{"rendered":"U.S. fast-food chains cash in, seize market share during pandemic"},"content":{"rendered":"

NEW YORK (Reuters) – McDonald\u2019s Corp, Taco Bell, Chipotle and other fast-food chains stand to gain yet more market share from sit-down restaurants as consumers stick with the mobile ordering habits they picked up during the pandemic.<\/p>

Slideshow ( 2 images )<\/span><\/figcaption>

McDonald\u2019s Corp said on Thursday its first-quarter U.S. comparable sales soared 13.6% and that it had 40 million active app users in its six largest markets \u2013 half of them in the United States \u2013 as it seeks to attract even more customers through a loyalty program it expects to launch nationally this year.<\/p>\n

Taco Bell and KFC parent Yum Brands Inc plans to use tech acquisitions in the last quarter to drive both ordering via social media platforms and marketing with artificial intelligence. Chipotle Mexican Grill Inc said last week that it still anticipates opening 200 new restaurants this year, 70% of which will have digital drive-thru lanes.<\/p>\n

For the 12 months ending in March, fast-food chains dominated the restaurant market \u2013 taking in 70.2% of dollars spent eating out and 82.9% of all restaurant traffic, according to data from The NPD Group that has not previously been made public.<\/p>\n

Drive-thrus, new crispy chicken sandwiches and \u201cfamily meal\u201d deals helped draw customers that other restaurants lost. During the year ending in March, Americans spent nearly $281.6 billion on fast food \u2013 which gained the 7.1% of market share by dollars that full-service restaurants shed, the NPD data show.<\/p>\n

Fast food \u201cis going to be the bright spot in the restaurant space for a long time to come,\u201d NPD analyst David Portalatin said, noting that fast food was gaining market share even before the pandemic.<\/p>\n

To be sure, Bloomin\u2019 Brands Inc, which said Thursday that it plans to expand 750 sit-down Outback Steakhouse locations to 1,000, grew its digital ordering 147% over last year.<\/p>\n

But many independent restaurants could not ramp up digital operations as quickly. The National Restaurant Association estimates that 110,000 restaurants closed permanently in 2020.<\/p>\n

At many fast food outlets, seating areas remain shuttered.<\/p>\n

\u201cWith 90%-plus of our business being through the drive-thru, if we can sustain that and return our dining rooms and takeaway to the levels that they were pre-pandemic, we\u2019ve set ourselves up for a very good run here,\u201d said Joe Erlinger, head of McDonald\u2019s U.S. operations, on a call with analysts Thursday.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (Reuters) – McDonald\u2019s Corp, Taco Bell, Chipotle and other fast-food chains stand to gain yet more market share from sit-down restaurants as consumers […]<\/p>\n","protected":false},"author":3,"featured_media":113249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nU.S. fast-food chains cash in, seize market share during pandemic - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. fast-food chains cash in, seize market share during pandemic - Fin2me\" \/>\n<meta property=\"og:description\" content=\"NEW YORK (Reuters) – McDonald\u2019s Corp, Taco Bell, Chipotle and other fast-food chains stand to gain yet more market share from sit-down restaurants as consumers [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-30T12:38:28+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/04\/U.S.-fast-food-chains-cash-in-seize-market-share-during-pandemic.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/\",\"url\":\"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/\",\"name\":\"U.S. fast-food chains cash in, seize market share during pandemic - Fin2me\",\"isPartOf\":{\"@id\":\"https:\/\/fin2me.com\/#website\"},\"datePublished\":\"2021-04-30T12:38:28+00:00\",\"dateModified\":\"2021-04-30T12:38:28+00:00\",\"author\":{\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fin2me.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/fin2me.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"U.S. fast-food chains cash in, seize market share during pandemic\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fin2me.com\/#website\",\"url\":\"https:\/\/fin2me.com\/\",\"name\":\"Fin2me\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fin2me.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Mark\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fin2me.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g\",\"caption\":\"Mark\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. fast-food chains cash in, seize market share during pandemic - Fin2me","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/","og_locale":"en_US","og_type":"article","og_title":"U.S. fast-food chains cash in, seize market share during pandemic - Fin2me","og_description":"NEW YORK (Reuters) – McDonald\u2019s Corp, Taco Bell, Chipotle and other fast-food chains stand to gain yet more market share from sit-down restaurants as consumers [...]","og_url":"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/","og_site_name":"Fin2me","article_published_time":"2021-04-30T12:38:28+00:00","author":"Mark","twitter_card":"summary_large_image","twitter_image":"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/04\/U.S.-fast-food-chains-cash-in-seize-market-share-during-pandemic.jpg","twitter_misc":{"Written by":"Mark","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/","url":"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/","name":"U.S. fast-food chains cash in, seize market share during pandemic - Fin2me","isPartOf":{"@id":"https:\/\/fin2me.com\/#website"},"datePublished":"2021-04-30T12:38:28+00:00","dateModified":"2021-04-30T12:38:28+00:00","author":{"@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fin2me.com\/business\/u-s-fast-food-chains-cash-in-seize-market-share-during-pandemic\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fin2me.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/fin2me.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"U.S. fast-food chains cash in, seize market share during pandemic"}]},{"@type":"WebSite","@id":"https:\/\/fin2me.com\/#website","url":"https:\/\/fin2me.com\/","name":"Fin2me","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fin2me.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/fin2me.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Mark","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fin2me.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/39b72719fb75a2d3c7d7695026648602?s=96&d=mm&r=g","caption":"Mark"}}]}},"_links":{"self":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/113250"}],"collection":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/comments?post=113250"}],"version-history":[{"count":0,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/posts\/113250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media\/113249"}],"wp:attachment":[{"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/media?parent=113250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/categories?post=113250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fin2me.com\/wp-json\/wp\/v2\/tags?post=113250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}