Despite shaky economic conditions, it’s almost entirely good news for the industry
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In spite of a shaky economy, it was almost entirely good news for restaurants in the latest quarter, with same-store sales increasing across the board and chains setting traffic records in various segments.
After more than a year of consistently climbing menu prices, restaurant chains continue to benefit with increasing sales numbers, but some — such as Noodles & Company — have started talking about lowering menu prices over the course of the rest of the year.
Sure enough, April marked the 10th straight month of cooling inflation.
Elsewhere in the restaurant industry, technology innovations continue to abound. Sweetgreen just opened its first unit with an automated makeline, and major players like Papa Johns and Wendy’s are leaning more heavily into artificial intelligence.
Click through the gallery to see how 20 restaurant companies have performed lately — and how they’re achieving such strong results.
