sales

Financing

Food costs are down, but so are sales

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

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.

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

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

The highwayside family dining restaurant chain also said it is growing its share among value-conscious consumers.

The chain will use the high-tech vending machines to sell more sandwiches in places like airports and college campuses.

The sandwich giant says its restaurants’ same-store sales rose 8.4% in the third quarter, with September particularly strong.

Data from Placer.ai shows the burger chain’s traffic is beating the broader restaurant industry and its fast-food competitors. Economic downturns are traditionally good for the company.

Technomic’s Take: Baby Boomers are dining out less often as they’ve aged. That’s a potential problem for restaurants as population growth stagnates.

The pandemic undeniably led to consumers ordering restaurant delivery in record numbers. Now, as dining rooms have opened many consumers have headed back to their favorite eateries; still delivery remains a huge part of many restaurants’ business.

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