The SnackWrap has been wildly successful. Sales have exceeded the projected forecast by 18% and test market results by 21%–and that was before the Angus varieties were added to the mix.
The Snack-Size McFlurry launch has also exceeded expectations. Sales have been “tremendous,” according to McDonald’s spokesperson and the product has actually boosted performance of other frozen treats.
The company’s venture into specialty coffee and smoothie bars is expected to increase sales at each store by well over $125,000.00 annually. Coffee sales are up 38% so far this year, on top of a 25% increase in 2009.
So what does McDonald’s know?
McDonald’s has mastered the snack. A full 87% of U.S. consumers admit to eating and drinking between meals, according to The NPD Group. In addition, 30% have started eating mini meals throughout the day (instead of three main meals), and another 25% desire to do so.
McDonald’s has updated its menu to include snacks that are hearty in some cases and decadent in others. Some are even healthy. The QSR behemoth knows that nutrition and health are considerations for half of the snacking occasions and in response has added fruit smoothies, snack-size fruit and yogurt parfaits and fresh apple slices to their offerings. Of course, making healthier choices can simply mean eating smaller portions—and all of the snack-size products deliver on that front. Read more...