The Impact of Premium Protein Sandwiches on Menu Development in Fast Casual Chains
Explore how the introduction of premium protein sandwiches like steak impacts menu innovation and consumer preferences in fast casual chains.
Meeting Consumer Expectations with Premium Proteins
Fast casual chains are continuously evolving to meet consumer demands for high-quality and innovative menu options. The introduction of premium protein sandwiches, such as the Sweet Heat Pork BBQ and Cubano sandwiches at Potbelly, signifies a strategic move to cater to the preferences of discerning customers. Eric Chenel, Potbelly’s director of consumer insights and innovation, highlighted the importance of delivering on consumer expectations for a top-notch sandwich experience.
Boosting Brand Value with New Proteins
In a competitive market, offering a premium protein option that is both perceived as high-quality and priced competitively can enhance a brand's value proposition. By introducing a craveable steak sandwich priced similarly to the core menu items, Potbelly aims to strengthen its appeal to customers while maintaining a competitive edge. This strategic approach can attract new customers and retain existing ones, ultimately driving business growth.
Striving for Strong Unit Economics through Innovation
The success of fast casual chains heavily relies on sustainable unit economics. As Potbelly focuses on aggressive unit growth through franchising, the introduction of premium protein sandwiches plays a crucial role. Stagnant unit volumes can deter potential well-capitalized franchisees, emphasizing the importance of menu innovation to drive sales and profitability. By diversifying the menu with premium proteins, chains like Potbelly can create a more enticing business proposition for franchise partners.
Dinner Menu Appeal: The Daypart Factor
The timing of menu offerings plays a significant role in attracting different customer segments. Heavier proteins like steak are often associated with dinner, presenting an opportunity for fast casual chains to tap into evening dining preferences. By expanding their menu to include steak sandwiches, brands like Sweetgreen, Cava, and Just Salad are aiming to attract dinner consumers and enhance their daypart mix. This strategic menu addition aligns with evolving consumer dining habits and preferences for satisfying and substantial dinner options.