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Financing

Restaurants were resilient yet again in 2022

 By Rich Shank on Feb. 27, 2023

Technomic's Take: Large chain traffic growth is returning to pre-pandemic patterns, with expectations looking more like 2019 than 2021.

Financing

Are consumers getting used to higher prices?

 By Lori Rakoczy on Feb. 21, 2023

Technomic's Take: Restaurant menu price inflation continues to tick up. But consumers are showing few signs of cutting back on eating out.

Financing

The year has apparently started out strong for a lot of restaurants

By Jonathan Maze on Feb. 17, 2023

The Bottom Line: What recession? Companies like Texas Roadhouse and Golden Corral said their traffic was way up in January and federal data backs them up. Here's why that might be happening.

Consumer Trends

Super Bowl by the numbers: How big was the big game for restaurants?

By Joe Guszkowski on Feb. 13, 2023

Nearly 4 in 10 viewers planned to order food Sunday, leading to a big score for restaurants.

Financing

Ruth’s Chris to close its Times Square location

By Joe Guszkowski on Jan. 31, 2023

The steak chain's longtime Manhattan outpost has been hurt by the slow return of office workers.

Financing

N.Y. restaurants press for on-site gambling

By Peter Romeo on Jan. 31, 2023

The industry wants the state to make eating and drinking places eligible for gambling licenses. Officials cite the $1.4 million a D.C. sports bar collected from on-site betting in less than four months.

Financing

Food costs are down, but so are sales

By Jonathan Maze on Jan. 20, 2023

The Bottom Line: Producer prices for food declined more than 1% last month, though eggs and beef were up. And restaurant sales declined.

Financing

First Watch sees no reason to follow the pack

By Peter Romeo on Jan. 09, 2023

The daytime dining brand has held the line on pricing and refused to trim its hours or menu. The focus will be on raising the profits of new units.

Marketing

World Cup proves a big score for NYC restaurants

By Peter Romeo on Jan. 03, 2023

The soccer tournament provided a sales lift for 75% of the city's restaurants and bars, according to the New York City Hospitality Alliance.

Financing

Consumers are still spending on food

By Jonathan Maze on Dec. 16, 2022

The Bottom Line: Despite high prices, people are not cutting back on food spending. And restaurants remain a strong source for consumers’ dollars.

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