HOW CHILI’S AND CHEESECAKE FACTORY ARE DEFYING CONSUMER GLOOM AND BEATING MCDONALD’S AND CHIPOTLE AT THEIR OWN GAME
https://s.yimg.com/ny/api/res/1.2/YSClJDAvXBOj1SFcLWZigQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/fortune_175/c32b82dc09b7b45794c8dac18ac92282
✍️ Consumers are cutting back on eating out, but sit-down restaurants like Chili's and Cheesecake Factory are thriving due to their perceived value and unique dining experience.
👉 Consumers are cutting back on eating out and fast food due to economic conditions 👉 Sit-down restaurants like Chili's and Cheesecake Factory are thriving due to their perceived value and unique dining experience 👉 Fast food chains like McDonald's and Wendy's are struggling with disappointing sales performances 👉 Non-promotional pricing between traditional fast food and sit-down restaurants is converging, making sit-down restaurants a more attractive option 👉 The ability to serve alcohol is a key differentiator for sit-down restaurants
-- #ChrisKempczinski #KenCook #KevinHochman #AndrewDickow #MarkChambers #business
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