sales

Financing

Ozempic will have an impact on restaurants, but it could take a while

The Bottom Line: Obesity drugs are expected to become increasingly popular over the next two decades, which could impact the way a large number of consumers use restaurants.

Marketing

Among teens, Raising Cane's enters the chat

The fast-growing chicken finger chain was ranked fifth among teens’ favorite restaurants, according to the latest Piper Sandler survey. But Chick-fil-A is still king.

The company acknowledged that its messaging failed to deliver, but believes a loyalty program will greatly help.

Price-conscious guests and the loss of MrBeast Burger took a bite out of delivery sales. But the chain is more focused on the dining room, anyway.

Beverage preferences were particularly affected, according to a sampling of fine-dining operations.

Technomic's Take: More than half of operators were affected by extreme weather last year, a number bound to increase. But how will consumers respond? Is extreme weather the new craveability?

The sandwich giant, which is looking for a buyer, said its same-store sales increased 9.3% in North America in the first half of 2023.

The state's restaurant association is encouraging restaurants to help their state's industry by continuing to buy meals amid hellish temperatures.

The Bottom Line: Average unit volumes have not kept pace with inflation over the past three years. Unless you're a really big restaurant chain.

The chain told financial analysts that economic uncertainty is dampening traffic across the full-service sector, and it isn't certain when the downturn will end.

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