Chili's Drives Growth with Viral Menu Items

CNBC
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Chili's is witnessing a remarkable resurgence in customer interest as they reported a 6% increase in transactions in their company-owned locations during the last quarter compared to the same period last year. A substantial part of this growth can be attributed to their innovative 'Triple Dipper' dish, which has gained viral attention on TikTok, contributing nearly 40% to their sales increase. Additionally, their value-oriented 'Big Smasher Meal,' priced at $10.99, played a critical role in attracting price-conscious consumers, making up the remaining 60% of the sales growth. This resurgence highlights not only the effectiveness of social media advertising but also a broader trend where consumers are increasingly drawn to meals that offer both quality and affordability. For more than two years, Chili's has been implementing a strategic turnaround approach that appears to finally be resonating with customers. The combination of appealing promotions and a focus on consumer value signals a potential comeback story for the chain and positions them favorably in a competitive restaurant market.
Highlights
  • â€Ē Chili's transactions increased by 6% last quarter.
  • â€Ē The growth was driven significantly by the 'Triple Dipper' dish.
  • â€Ē Nearly 40% of growth attributed to TikTok popularity.
  • â€Ē The 'Big Smasher Meal' priced at $10.99 contributed 60% of sales growth.
  • â€Ē Chili's turnaround strategy has been active for over two years.
  • â€Ē Value-driven meals are currently resonating with consumers.
  • â€Ē Chili's aims at offering quality while being cost-effective.
  • â€Ē The resurgence reflects the effectiveness of viral marketing.
  • â€Ē Chili's adapts to trends and social media to enhance appeal.
  • â€Ē Consumer demand for value is pivotal for restaurant chains today.
* daven helped DAVEN to generate this content on 09/20/2024 .

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