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Restaurant CEOs’ new favorite word is value as they aim to bring back customers - TL;DR CNBC

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: PZZADINMCDQSR-CACMG.SPXSBUXYUMQSR

Keywords: chipotle mexican grill incdine brands globalpapa john's international incyum! brands inclifestylebusinessmcdonald's corprestaurant brands international incretail industrybrian niccolbreaking news: businessstarbucks corps&p 500 indexjohn peytonbusiness newsearningsrestaurants

Source: https://www.cnbc.com/2024/08/11/restaurant-ceos-value-bring-back-customers.html


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