casual

Majority of casual dining restaurants are down 30-50% YTD

Majority of casual dining restaurants are down 30-50% YTD pic.twitter.com/pDIYPhgT0i — Win Smart, CFA (@WinfieldSmart) July 8, 2024 In 2023, the casual-dining segment faced significant challenges. While overall sales for casual-dining chains increased by 4.7% year over year, traffic declined by 1.6%. This deceleration was due to factors such as stubborn inflation, price-sensitive consumers, and …

READ MORE

California’s $20 minimum wage hiked fast food prices, lowered foot traffic, boosted casual dining.

California’s $20 minimum wage led to fast food price hikes, lower foot traffic, study shows. In the six-month period leading up to the new law being enacted, fast food prices in California rose on average by 7% — forcing franchisees in the state to slash work hours, postpone capital improvements and expedite the deployment of …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.