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Customer traffic at full-service restaurants in the third quarter of 2024 was down 3% from a year ago and is 17% below the same period in 2019, according to CREST. Read More: How the Economy Is ...
Meanwhile, revenue was down by 1.2% for the entire year, while same-store sales dropped by 1.9%. Going forward, Noodles&Co. plans to find success by focusing on several different areas of its ...
Now, Wendy's has also joined the growing list of restaurant brands closing a significant number of stores in 2024.The burger chain released its latest quarterly earnings results on May 2 ...
After facing lagging sales, discord with its restaurant operators, food quality complaints, and issues with its public image in recent years, Subway has been shuttering underperforming locations ...
For the third quarter, the company reported a decline in total operating revenue compared to 2023. It also marks the restaurant’s fifth-straight quarter of year-over-year sales declines, AP reports.
The US restaurant industry was projected at $899 billion (~$1.04 trillion in 2023) in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [2] [3] An estimated 99 percent of companies in the industry are family-owned small businesses with fewer than 50 employees. [4]
“The U.S. restaurant industry finds itself on the menu,” he wrote in a column for the Daily Mail. Don't miss Beating the market is no myth: These expert stock-pickers' recent success could ...
The health of the restaurant industry, as measured by the National Restaurant Association's Restaurant Performance Index, hit its lowest level since 2013, thanks to declines in same-store sales ...