"Many fast food and fast casual chains are seeing slower growth and declining sales fueled by high prices, inflation, and fears that President Trump's tariffs will cause a recession."
"RMS's Q1 consumer survey found 40% of American diners said they're spending less of their disposable income on restaurants, with 1 in 4 U.S. consumers reporting instead that they're shopping at grocery stores."
The quick service restaurant (QSR) sector in the U.S. has seen a significant decline in traffic, dropping 1.7% year-over-year as of April. This downturn, identified by Revenue Management Solutions, is linked to rising fast food prices, which increased by 2.0%, coupled with inflation and consumer caution. Moreover, many popular chains like Chipotle and McDonald's are experiencing slower growth, with a notable drop in same-store sales. A recent survey revealed that 40% of diners are cutting back on restaurant spending, opting instead for grocery shopping due to better value.
Read at Fast Company
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