Mid-market menus expand sales, and waistlines
(Midmarket Pulse) What do a burger, fries, and milkshake have in common with a companys balance sheet? According to the Center for Science in the Public Interest (CSPI) the winners of the latest Xtreme Eating Awards are all midmarket companies. Among them the Cheesecake Factory holds the dubious honor of serving up the most calorie and saturated fat laden dishes alongside posting sales increases and positive profit margins.
Could the quickest way to a healthy business be through the consumers (ever-expanding) stomach? Lets take a look at the numbers for the winner.
Winner of CSPIs ignominious XXXtreme Eating award because it snagged three of the nine slots on the list, Cheesecake Factorys gut-busting menu items include its Bruléed French Toast which boasts 2,780 calorie, 93 grams of saturated fat 2,230 milligrams of sodium, and 24 teaspoons of sugar. If you havent had a heart attack just reading that, consider the chains Farfalle with Chicken and Roasted Garlic smothered in a rich cream sauce that tips the calorie counter to over 2,400. The CSPI believes youd need to have a leisurely swim for seven hours or jog for five respectively, if you became a member of the clean plate club after ordering one of those meals.
On the business side, Cheesecake Factory is touting 16 consecutive quarters of positive comparable sales -those measured against locations open for at least a year- among its now 180 locations worldwide. The company credits its success in part to its dedication to improve operating margins. The recession hit the restaurant industry hard as cash-strapped consumers preferred to stay in and save their pennies for other expenditures. Cheesecake Factorys annual report shows that in the five years since, its operating margins improved from 5.6 percent in 2008 to about 8.6% in 2013. Its guest satisfaction surveys improved 20 percent during the same period, according to the report. .................(more)
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