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economy

Financing

Sysco says it sees no signs of a recession on its business

 By Jonathan Maze on Nov. 01, 2022

But the giant distributor is cautious given the operating environment and prepared to cut costs in a potential economic downturn.

Financing

McDonald’s executives are expecting a recession

 By Jonathan Maze on Oct. 27, 2022

The burger giant said it is preparing for a wide range of economic scenarios but says it is getting more lower-income consumers.

Financing

Restaurant job growth picked up in September

By Jonathan Maze on Oct. 07, 2022

The industry added 60,000 jobs last month but remains more than 500,000 jobs from its pre-pandemic levels. Wage growth increased, too.

Financing

Low-income consumers were hit hard this summer, but gas prices are helping

By Jonathan Maze on Sep. 30, 2022

The Bottom Line: Several restaurant chains have indicated challenges with lower-income consumers as inflation has increased. But lower gas prices are making things better.

Financing

As the economy slows, some restaurants will feel more pain than others

By Jonathan Maze on Sep. 22, 2022

The Bottom Line: The U.S. Federal Reserve raised interest rates on Wednesday and signaled more to come. The impact of its actions won’t be spread evenly.

Financing

Signs of a weakening consumer continue to appear

By Jonathan Maze on Sep. 16, 2022

The Bottom Line: FedEx's CEO told CNBC that his company’s numbers “don’t portend well” for the economy. More analysts are also predicting a slower holiday spending season.

Financing

Restaurant menu price inflation accelerated in August

By Jonathan Maze on Sep. 13, 2022

Prices at restaurants and schools continued rising last month while consumers’ total food costs hit yet another 40-year high.

Financing

Economic pain spreads to the middle class

By Jonathan Maze on Aug. 26, 2022

The Bottom Line: Inflation is no longer just a problem for lower-income households. Middle-class earners have lost spending power and are trading down.

Financing

Menu price inflation remained elevated in July

By Jonathan Maze on Aug. 10, 2022

Food away from home inflation was 7.6% last month and prices held steady at both full-service and limited-service restaurants. Overall, consumer prices were flat in the month.

Financing

Some restaurants see a cautious consumer. Others, not so much

By Jonathan Maze on Aug. 08, 2022

Executives with some chains say their diners are shifting to discounts while others say their customers are spending more.

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