Page 2 - Black Box Intelligence News Today

Operator: Good morning. Welcome to the Darden Fiscal Year 2023 Fourth Quarter Earnings Call. Your lines have been placed on listen-only until the question-and-answer session.

Leaders from Jersey Mikes, McDonald’s and Shake Shack offer keys to success in role

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Consumers are more likely to cut back on their restaurant visits instead of trading down to preserve their budgets, according to a report from AlixPartners.

In April, prices for food away from home rose 8.6% compared with the year-earlier period, according to the Bureau of Labor Statistics.

Last year, restaurant sales in May, June and July were tepid as higher gas prices and concerns about the economy weighed on consumers.

Last year, restaurant sales in May, June and July were tepid as higher gas prices and concerns about the economy weighed on consumers.

Last year, restaurant sales in May, June and July were tepid as higher gas prices and concerns about the economy weighed on consumers.

Meanwhile, menu price increases are moderating as cost pressures ease

Chili’s parent retains It’s Just Wings as it works to simplify restaurant operations and notes less demand in post-COVID era