sales

Financing

For Minnesota's restaurants, another economic nightmare

The full picture of the economic devastation of the Department of Homeland Security's Operation Metro Surge is just now coming into view. But efforts are building to help restaurants.

Financing

Bob Evans is acquired by private-equity firm 4x4

The 400-unit family-dining chain had been owned by Golden Gate Capital since 2017. Its new owner is planning long-term growth.

A study from Bain & company found that users of GLP-1 medications spend 5% less on fast food. That could be a sales challenge as more Americans start using the drugs.

The Italian casual-dining chain is now down to just nine locations, continuing a steep decline for the brand since the pandemic. But its problems started long before that.

Restaurant sales were strong in September, according to new federal data. But same-store sales and traffic at fast-food chains continued to be weak last quarter and consumer confidence is low.

The restaurant industry faces pressure all over the world, including consumer changes and threats to the economic model. Operators are responding with a lot of innovation and technology.

The coffee shop chain's traffic surged following the sale of its "Bearista" cold cup, while its "Red Cup Day" promotion is generating better-than-expected results.

McDonald's Extra Value Meals campaign with 5% lower prices hasn't reversed declining foot traffic, with visits down 3-5% post-launch as value wars intensify across fast-food chains struggling with low-income consumer pullback.

Consumers may be visiting value-focused retail chains like Aldi and Dollar Tree rather than McDonald’s. And fast-casual brands may be losing customers to retail, too, according to Placer.ai data.

The Bottom Line: Survey data from Revenue Management Solutions highlights a key challenge for all operators: Consumers are cutting back on their restaurant spending.

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