How Does Your Restaurant Compare? Q3-14 Benchmarking Update
We compiled the operating results of publicly traded restaurant companies to provide you with timely benchmarking information. Our past benchmarking surveys of medium-sized private companies indicated, on average, their prime costs were higher than public companies by 1–2 percent. However, high-quartile participants (best performing) in our surveys had prime costs 3 percent lower than the average public company.
Cost of sales includes food and beverage for all segments. Quick serve and fast casual segments also include packaging costs. Labor costs include restaurant level wages, payroll taxes, and benefits.
Same-store sales increased across most segments, with the pizza, fast casual, and quick serve segments seeing the most significant growth with increases of 3.6 percent, 2.9 percent, and 2.1 percent through Q3, respectively. Popeyes and El Pollo Loco led the quick serve segment. The fast casual segment was paced by Chipotle yet again, which saw same-store sales increase 17.0 percent through Q3. Papa John’s led the pizza segment with a 9.1 percent increase through Q3.
Cost of sales and labor remained consistent across most categories. An increase in beef and poultry costs was partially offset by decreases in pork and cheese commodity costs during the quarter. Restaurants continue to address rising costs with menu price increases and effective inventory and labor management. Commodities are expected to continue to increase into the near future.
Q3 - 2014 Benchmarking Report
If you have any questions about the results of our benchmarking update or about our restaurant practice group, please contact us