3 trends are dividing restaurant companies into winners and losers
Publishing timestamp: 2023-08-18 14:51:08
Summary
3) The article discusses how restaurant companies have faced challenges in the second quarter, with some chains struggling due to falling traffic and higher menu prices. The article also highlights the importance of customer traffic and value perception in determining the success of restaurant chains. Additionally, it mentions the impact of inflation and consumer behavior on the industry. Promotions, discounts, and limited-time menu items have played a role in driving sales for some restaurants, while others have struggled to compete.
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Tickers: NDLS, SBUX, QSR, PZZA, WING, WEN, TXRH, MCD, QSR-CA, CMG, SG,
Keywords: mcdonald's corp, todd penegor, business news, restaurants, sweetgreen inc, chipotle mexican grill inc, wendys co, lifestyle, wingstop inc, business, restaurant brands international inc, texas roadhouse inc, united states, retail industry, noodles & co, starbucks corp, papa john's international inc, earnings, breaking news: business,
Source: https://www.cnbc.com/2023/08/18/mcdonalds-chipotle-among-restaurant-earnings-winners-and-losers.html