Restaurant News Roundup, 7/31/15

Latest Restaurant News July 31, 2015

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Restaurant Performance Index, which tracks outlook for US restaurant industry, declines for second consecutive month in June, reflecting dampened optimism by restaurant owners – despite expansion in some key indicators. Read more here: http://www.prnewswire.com/news-releases/dampened-outlook-causes-restaurant-performance-index-decline-in-june-300121916.html

Although the restaurant industry is growing overall, some parts of the industry are being cannibalized by rapidly growing segments, such as the fast-casual restaurants. Read more here about the latest trends shaping the restaurant industry: http://www.restaurantnews.com/10-trends-reshaping-the-restaurant-industry/

McDonald’s sales plunge 10% in quarterly sales as younger consumers turn away from the burger and fries giant to fast-casual chains like Panera. Read more here: http://money.cnn.com/2015/07/23/investing/mcdonalds-earnings-sales-down/

New York panel’s recommendation to raise the minimum wage to $15 will not only affect restaurant chains in the state but the food service industry across America as a whole, according to Forbes article. Read more here: http://www.forbes.com/sites/darrentristano/2015/07/23/minimum-wage-issue-exerts-maximum-impact-on-restaurant-industry/

 

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