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Some restaurants are trying to earn back business by offering huge discounts on meals or all-you-can-eat specials, which just cuts into their bottom line even more, says Dan Rowe, CEO and founder ...
McDonald's investors will look for signs of near-term sales disruption from the recent E. coli outbreak linked to its Quarter Pounder hamburgers when it reports third-quarter results on Tuesday.
Gary Bradshaw, portfolio manager at Hodges Capital Management, said he remains bullish on restaurants with growing sales revenue and store numbers, like Chipotle, McDonald's and Texas Roadhouse.
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]
Rubio's also has been struggling under the shadow of Mexican restaurant giant Chipotle in the hyper-competitive segment known as fast casual. And then there were the costs: rising food prices and ...
Why Is Chipotle Raising Its Prices? As is often the case these days, inflation is pointed to as the culprit here. The sad reality is that most restaurants are still probably too cheap to ...
According to food distributor Ben E. Keith, grocery prices are 25% higher than they were pre-pandemic, and consumers are spending about 4% more for meals in restaurants and bars than last year.
Mr Kubik said: “Pressure is rising on the restaurant sector every day. More and more of them are shutting their doors as a result. “Restaurants that only just managed to survive the pandemic ...