Restaurants

Restaurants Industry Perspective

It’s challenging to be in the restaurant industry. Rising food costs, upward wage pressures, and increasing competition from traditional players and new types of market entrants all present headwinds to profitable growth. And across all segments, customer expectations of price, value and service are higher than ever.

Leading restaurant companies are starting to give advanced analytics a seat at the table. Significant value is being unlocked through behavioral segmentation of customers and locations to capitalize on marketing, pricing, labor staffing and inventory opportunities. Strategies and tactics are being dynamically adjusted to account for a myriad of business-impacting factors, including demographics, levels of competition, and time of day / day of week. With the right analytics capabilities all of this is possible, but it must be delivered in a transparent and collaborative way…because the only “black box” that you should own are your to-go containers.

Case Stories

“Revenue Analytics is the best in the business at deploying sophisticated analytics in a transparent and client-friendly way to drive measurable revenue and profit growth.”

Vice President of Pricing and Analytics for a leading Retail Services Conglomerate

Restaurants Value Proposition

HELP ME BUILD A BUSINESS CASE FOR CHANGE

Change is hard, but it doesn’t have to be, but we can make it easy for you. After all, if your product (or service) has a price, you can use Revenue Management. That said, we bring deep industry expertise, and can help you solve for the unknowns. Click the button below to ignite change within your organization.

Get Started

Related News

When assortment decisions are driven by your buyer’s personal favorite color

Practice Area Partner

Jared Wiesel

Jared Wiesel leads Revenue Analytics’ Consumer Products & Retail Practice and is a well-respected expert across many industry sectors. Jared has deep experience delivering revenue growth and strategic transformation, with projects successfully delivered across four continents. He is a well-known author and media presence on key revenue optimization trends affecting these industries.

Related Blogs

Key Components of an Effective Pricing User Interface

In my previous post, I highlighted the importance of driving user adoption of retail pricing solutions and the four essential steps that companies should leverage when designing and developing a solution. As a quick reminder, the steps focus on continuous […]

Read More