By deploying these strategies, you’ll have a favorable margin mix.
It’s inevitable. Beef prices are going to rise and, for most QSRs, this will negatively affect the margins on a large percentage of your business. Most of the time, you are left with a few unattractive options, such as:
- Raise prices.
- Feature a product that doesn’t sell as well, and lose transactions.
- Hold the course and take a hit in margin.
Now is when you have to rely on your store analytic and your ability to regionalize to help you determine how to selectively execute 2 simple strategies to offset the impact: (more…)