![]() ![]() Applebee's, owned by Dine Brands Global Inc (NYSE: DIN) invested in tablets for every table to give the appearance of more on-demand service. Chili's, a subsidiary of Brinker International, Inc (NYSE: EAT), reduced their menu by 50 items. Restaurants are doing everything they can to make the experience better for diners. Growth within the industry is a bit lumpy, with limited-service restaurants, such as Wendys Co (NASDAQ: WEN) and Chipotle Mexican Grill, Inc (NYSE: CMG), growing at 5.3% in 2017 as compared to 3.5% for casual dining establishments according to the National Restaurant Industry. Employee growth sits just below 2%, showing that operators have not regained much confidence with the sales uptick. ![]() The chart below indicates restaurant sales have grown around 3.8% YoY (blue line) after bottoming out at 1.6% in September 2017. ![]() Overall, the food service industry has seen increasing growth over the last eight months. Headlines such as " Millennials Are Killing Chains Like Buffalo Wild Wings And Applebee's" are not uncommon. Millennials want hip, social-media worthy experiences and retiring Baby Boomers are thrifty on their fixed incomes. Photo Credit: You'll Probably Want to Sit Down for ThisĬasual dining, the traditional sit-down, full-service restaurant experience is getting hit by demographics.
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