Earnings from Q2 are in, and fast food continues to fade from American eaters' appetites. For most of the post-pandemic era, fast-casual establishments have been stealing market share from Quick-Serve Restaurants (QSRs), and that trend accelerated again in Q2.
Consumers are demanding more bang for their buck after years of elevated inflation, and fast food is failing to provide a decent value proposition. However, not every QSR is getting left in the dust. A few actually posted encouraging Q2 numbers with strong same-store sales growth, and today, we’ll examine what three of these restaurants are doing to fend off the fast casual attack.
