Restaurant CEOs’ new favorite word is value as they aim to bring back customers
Publishing timestamp: 2024-08-11 11:07:59
Summary
Restaurant CEOs are focusing on value to revive lagging sales, offering meal deals and discounts to attract customers. Companies are also concerned about shareholder value as restaurant stocks have been under pressure this year. While offering value can bring back customers, concerns about profitability and a potential race to the bottom remain.
Sentiment: NEUTRAL
Tickers: PZZA, DIN, MCD, QSR-CA, CMG, .SPX, SBUX, YUM, QSR,
Keywords: chipotle mexican grill inc, dine brands global, papa john's international inc, yum! brands inc, lifestyle, business, mcdonald's corp, restaurant brands international inc, retail industry, brian niccol, breaking news: business, starbucks corp, s&p 500 index, john peyton, business news, earnings, restaurants,
Source: https://www.cnbc.com/2024/08/11/restaurant-ceos-value-bring-back-customers.html