Darden Restaurants, which owns chains like Olive Garden and LongHorn Steakhouse, had its first same-store sales decline since the pandemic.
Some steakhouses are changing their menus and venues to accommodate new consumer preferences.
Dynamic pricing is the practice of having prices that vary by demand or even customer type. We’re used to it when it comes to airlines and ridesharing. But what about restaurants?
People are eating earlier everywhere, according to data from Yelp. Lifestyle changes are part of the reason.
More people are going out to eat, but some are frustrated with the rising cost. Yet the cost crunch is just as bad, or worse, for restaurant owners.