Tech Insider : Economy
Hands holding chicken and fries from a fast-food chain
Diners are "price weary" and eating out less often, restaurant executives say.
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A ShackMeister with bacon from Shake Shack
Overall, Shake Shack's menu prices went up in the mid-single digits in the quarter, its CFO said.
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An aerial view of fast food restaurants on Crenshaw Blvd including Taco Bell, McDonald's, Yoshinoya, Subway, El Pollo Loco, Little Caesers, Panda Express,Taco Bell, and Smart & Final grocery store. Photo taken in south Los Angeles Friday, March 29, 2024.
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Photo illustration of Mcdonald's and Chili's burgers.
Fast-food prices are climbing, and chain restaurants like Chili's are coming for fast-food giants with meal deals in a bid to win the value wars.
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Workers help a customer at a Chipotle restaurant on April 01, 2024 in San Rafael, California
A key metric for Chipotle is how many entrées each restaurant makes in its peak 15 minutes.
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A customer orders food in a Chipotle in Austin, Texas in April 2023
"Many of our guests did not know that barbacoa was braised beef," CEO Brian Niccol told analysts.