As consumers sought accessible dining options during lockdowns in 2020, quick service players like RBI and Yum Brand saw revenue growth.
Key Takeaways from this Report
- As consumers sought accessible dining options during lockdowns in 2020, quick service players like RBI (Tim Hortons, Burger King, & Popeyes) and Yum Brands (KFC, Pizza Hut, Taco Bell, & The Habit) saw revenue growth.
- Average order value increased and remained high for the entirety of the pandemic. This suggests that QSR patrons began to spend more on fast food almost immediately, shifting dollars away from dine-in restaurants that were unavailable due to closures – temporary or permanent.
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