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QSR US traffic is down 3.7% when compared to Q3 2021. However, traffic performance has slightly improved compared to Q1 and Q2 2022, mainly a result of comping against stronger performance last year.
Pricing activity continues to increase. Average price increased by 4.5% compared to the previous quarter, jumping from +10.7% YOY in Q2 to +15.2% YOY in Q3. RMS will continue tracking QSR traffic and pricing activity trends to gauge consumer price sensitivity in reaction to the inflationary environment.

The following is a snapshot of US Quick-Service Restaurant (QSR) trends for Q3 2022.
