Latest / Extra Serving: A restaurant industry podcast
The good, the bad, and the ugly of restaurants’ Q1 performance
On this week’s Extra Serving, NRN editor in chief Sam Oches and executive editor Alicia Kelso recap the week in Q1 earnings reports, which saw results from companies like Yum Brands, Brinker, McDonald’s, Starbucks, and Wendy’s. They start with the bad: Many chains, including McDonald’s, Wendy’s, and Starbucks, experienced negative sales and traffic as consumers tightened their belts in a shaky economy. In particular, McDonald’s reported that it was losing not just low-income consumers, but also middle-income consumers as well. Sam and Alicia talk about this fact and why it could be a major…
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