A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come.
Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts when they did choose to dine outside their homes. Overall U.S. restaurant visits fell for the first 10 months of the year, according to data from industry tracker Black Box Intelligence....
Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts when they did choose to dine outside their homes. Overall U.S. restaurant visits fell for the first 10 months of the year, according to data from industry tracker Black Box Intelligence....
Key Points
- Restaurant chains like Wendy’s, Denny’s and Applebee’s closed locations in 2024 as consumers dined out less often.
- U.S. restaurant visits fell for the first 10 months of the year, according to Black Box Intelligence.
- The casual-dining sector was hit hard, leading to bankruptcy filings and hundreds of restaurant closures.
RSK: It is tough out there for restaurants from sit down to chain fast food. Food costs have shot up out of control, as well as rents and labor. Many have cut back on staff and are focusing on value and take out. Many will not survive 2025, yet the allure of owning one`s own is some sort of primal force in people.
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