Food This Beloved Fast-Food Taco Restaurant Is Seeing Sales Plummet
Chick-fil-A is the third-largest fast-food chain in America, and that should terrify Wendy's and Burger King
The chicken chain managed to make more money than rivals, such as Burger King and Wendy's, that have more than twice as many locations across America. Chick-fil-A's success is dangerous for fast-food rivals, as customers flock to the chicken chain as it steadily opens more locations. Visit Business Insider's homepage for more stories.Chick-fil-A is inching closer to McDonald's title of the biggest fast-food chain in America. In 2019, Chick-fil-A was the third-largest restaurant chain in the US by sales, according to a recently released Technomic report. The report estimates Chick-fil-A brought in $11.
Taco Bell is known forburritos, nachos, and tacos, of course. There are even lots of ways to order and customize them to your liking (with or without beans, tomatoes, lettuce, nacho cheese, etc.). But because of the , the iconic chain is seeing a decline in same-store sales.
says Taco Bell generates a lot of revenue from orders during specific hours — breakfast hours and late-night hours. In March, when stay-at-home orders were set in place and the virus flipped the restaurant industry on its head, not many people were venturing out to get food during their peak times. This meant Taco Bell sales fell.
This Beloved Sandwich Chain May Be Closing for Good
One sandwich chain could be preparing for closing its doors soon because of the pandemic, as they've allegedly hired a bankruptcy attorney.Now they are taking strides to prevent filing for bankruptcy. Hiring a restructuring consultant, as well as a bankruptcy attorney, are just two of the steps the sandwich chain has taken against closing, according to Restaurant Business. The company did deny any engagement in one specific restructuring advisor, but they still made it known about their lack of cash flow, says Adweek.
"They were impacted the most," says David Gibbs, the CEO of Yum! Brands, the parent company of Taco Bell. In a call recently to discuss the company's profits, he says the chain had the most ground to make up. However, they are seeing improvements, partly because of the higher totals for each order, amongst other things.
While they weren't as busy, that allowed them to look at ways to switch up the workflow to perform better. Although they recently brought back the, they took 12 items off the menu. Improving store efficiency with dining rooms closed and a smaller menu shaved 18 seconds off the average drive-thru time during the pandemic, according to Gibbs.
The Surprising Breakfast Trend Literally No One Saw Coming
Though fast-food chains have seen a sharp decline in drive-thru breakfast sales, more and more consumers are buying breakfast for delivery.As states allow restaurants to reopen dining rooms, some chains are looking to jolt breakfast sales with new promotions and menu items. According to data from market research company, Edison Trends, consumer online spending for fast-food chains' breakfast items nearly doubled between the weeks of March 16 and April 13. It turns out that many consumers are forming new routines and ordering their breakfasts online, through the likes of DoorDash and Uber Eats.
Cutting the Grilled Steak Soft Taco, 7-Layer Burrito, Nachos Supreme, Beefy Fritos Burrito, Spicy Tostada, Triple Layer Nachos, Spicy Potato Soft Taco, Cheesy Fiesta Potatoes, Cheesy Potato Loaded Grillers and Beefy Nacho Loaded Grillers, Mini Skillet Bowl, and Chips and Dips from the menu might not be forever, though. The company said old favorites could return in the future. In the meantime, expect to see new options, like.
For more Taco Bell sales and other fast-food news,
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Taco Bell Is Cutting a Dozen More Items From the Menu .
Say goodbye to the 7-Layer Burrito and some beloved potato products."Beginning August 13, we will be simplifying our menu to streamline operations," a statement from the brand reads. "This evolved menu approach comes after months of analyzing the new way we are running our restaurants. With safety top of mind, we want to ensure an easy and fast ordering experience for our guests and team members.