As inflation soars, lower-income consumers slow their restaurant spending
The Bottom Line: Quick-service restaurant executives say they’re seeing fewer visits from people with lower incomes and more visits from those with higher incomes. But that difference may not last for long.Restaurant Business Exclusive Content
Financing
How independent operators can keep pace with rapidly changing technology
The Bottom Line: The National Restaurant Association Show displayed some of the latest gadgets to improve efficiency and reach more customers. But can those that need it most afford it?
Financing
Howard Schultz puts some money into Starbucks
The Bottom Line: The interim CEO, who did away with company buybacks, has been buying up shares of the company’s stock and now owns 21.8 million shares directly or indirectly.
Financing
Restaurants’ finances turned south in a hurry
The Bottom Line: Margins were fine last fall as sales recovered. But high food costs on top of high labor costs have done them in. And some concepts are already feeling the pain.