Whats for dinner? This timeless question has haunted Americans for ages. For many American consumers, the answer involves traveling out of the house to enjoy a meal prepared by someone else in a business setting, but recently, theyve seemed to shift from sit-down restaurants to other options that offer more convenience and a better bang for the buck.
Sit-down restaurants across the board are seeing sales slide. Sales at established locations dropped for five straight years at Ruby Tuesday, spurring their CEO to resign. Chilis saw same-store sales drop 2.2% for the fiscal year. Applebees reported falling sales for the first two quarters of 2016. Darden Restaurants even sold Red Lobster in 2014 after sales declined for years.
Sure, magnesium citrate fred meyerthere is a debate on whether consumers are spending more on food at-home or away-from-home, but the minutia is irrelevant. The fact remains that consumers today are much more likely to spend their hard-earned dollars away-from-home than they were previously. And these consumers seem to be picking more affordable fast-food and fast-casual options. As evidence, Panera ousted Applebees in a list of the top 10 restaurant companies by sales in 2015, according to Technomic. Applebees was the last sit-down restaurant on the list. Accordinferrous fumarate 65 mgg to Technomics Darren Tristano:
“They’re looking for convenience, quality, portabimagnesium citrate nutritionlity and healthfulness.
Coupled with concerns of an oncoming restaurant recession, this trend could spell hard times for the American sit-down restaurant industry. A glut of supply and increased competition from independent operators arent helping things, either. However, Panera, Sonic and other similar establishment wont be affected as much as Buffalo Wild Wings and McDonalds, according to Canaccord Genuity. Analyst Lynne Collier notes:
“We have a cautious outlook on the restaurant industry in light of recent top-line issues and ongoing elevated labor costs Overall, we think the consumer is relatively strong given an improving consumer confidence and employment, robust new home sales and rising wage rates.”
So, whats for dinner? For cvs ferrous gluconateAmerican consumers, itcitracal 1500 mg seems to be fast-casual and fast food for now.