America's chain restaurants had a tough year and 2019 looks worse
Higher labor and food costs could weigh down profit next year. Meanwhile, diners want delivery and customization as eating habits shift. Here's what it all means for Chicago's McDonald's and Grubhub—as well as their rivals.
By News on the Net -- Chicago Business—— Bio and Archives--December 27, 2018
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After facing stagnant sales and weak customer traffic in 2018, U.S. restaurants will encounter more headwinds next year, including rising food and wage costs, that may stall profit and hinder efforts to jump start growth.
Even the industry stalwarts are dealing with such issues in a fiercely competitive and increasingly crowded field. Starbucks Corp. is shuttering some U.S. locations amid over-saturation worries. McDonald’s Corp., the world’s largest restaurant company, has been tweaking its value offering to stay relevant in the price wars and expanding delivery with Uber Eats to spur sales. -- More...
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