Category: Consulting

“Restaurants suffer as people eat at their desks; no more three-martini sit-down meals” “The U.S. restaurant industry is in a funk. Blame it on lunch. Americans made 433 million fewer trips to restaurants at lunchtime last year, resulting in roughly $3.2 billion in lost business…”

Click on photo or link below: http://www.cnn.com/interactive/2017/12/travel/family-meal-nyc/#documentary    

“In the second quarter, Darden’s total sales boomed 14.6 percent, year-over-year, to $1.88 billion…[even as] BDO’s latest edition of The Counter, an industry benchmarking update that collects data from publicly traded restaurant companies, showed that sales at casual and upscale casual restaurants fell 0.9 percent and 0.4 percent, respectively, across the board, in the past quarter.” “The 500-unit…

“79 percent of millennials consider a company’s social and environmental commitments when deciding where to work. Another 75 percent of millennials say they would take a pay cut to work for a company with a strong commitment to the Earth.” (study by Cone Communications)

“As tough as the climate was in general, it was noticeably difficult for fast casual. The segment experienced the largest change of any, reporting an overall 2.1 percent decrease…” “As companies work to cater to consumers’ demands for high quality and freshness, restaurants will have to get creative with menu engineering to satisfy these cravings…

  “The last great hope of avoiding catastrophic climate change may lie in a substance so commonplace that we typically ignore it or else walk all over it: the soil beneath our feet.” “The earth possesses five major pools of carbon. Of those pools, the atmosphere is already overloaded with the stuff; the oceans are…

“Company faces near-term uncertainty with Steve Ells’ stepping down, analysts say. Chipotle Mexican Grill Inc. seeks a CEO with turnaround expertise to succeed founder Steve Ells, who will step down to become executive chairman, but restaurant analysts expect uncertainty in the near term.”