Restaurant News Roundup, 05/03/2024

Latest Restaurant News May 3, 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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