Restaurant News Roundup, 05/03/2024
Restaurant employment had modest gains in April, adding some 28,000 jobs according to the latest report by the Bureau of Labor Statistics. Read more here: https://www.nrn.com/consumer-trends/restaurant-industry-jobs-growth-slows-april-unemployment-rate-rises
The long-predicted consumer pullback seems to have arrived as chains such as Starbucks, KFC and Pizza Hut are reporting shrinking same-store sales. Read more here: https://www.cnbc.com/2024/05/01/starbucks-mcdonalds-yum-earnings-show-consumers-pulling-back.html
McDonald’s is coming up with a different strategy on its value offers as the fast food chain seems to be losing inflation-weary customers to rivals like Burger King. Read more here: https://www.restaurantbusinessonline.com/financing/it-loses-customers-rivals-mcdonalds-shifts-its-focus-value
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