Consumers Cut Restaurant Visits
This is a Red Lobster news story, published by CNBC, that relates primarily to Wingstop news.
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underperforming restaurantsCNBC
•Entertainment
Entertainment
From Chili's to burger chains, here are the restaurant industry winners and losers in 2024
83% Informative
A rocky year for restaurants separated the industry's biggest chains into winners and losers.
Some chains like Chili's walked away winners, thanks to savvy promotions that emphasized value.
The industry's rocky year included 26 Chapter 11 bankruptcy filings from restaurant chains including Red Lobster and TGI Friday 's.
The value wars reignited this summer as chains took aim at their rivals in marketing.
Chick -fil-A, Raising Cane's and Wingstop are performing the best in 2024 .
Chick-fatters are gaining market share in the value-driven category.
McDonald's has seen its grip slip earlier this year as it scared off low-income consumers with its menu prices.
Taco Bell is another rare fast-food winner.
The fast-casual restaurant segment has seen traffic rise 3% through October compared with the year-ago period.
Wingstop 's quarterly same-store sales have climbed more than 20% in every report it's released this year .
VR Score
86
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