- Consumers are scaling back on eating out, but are still willing to shell out for sit-down restaurants as the recent stellar performance for some brands indicates. Chili’s reported a 24% increase in same-store sales in its most recent earnings report. Meanwhile, brands such as McDonalds and Wendy’s have shown disappointing sales performances.
Consumers are tightening their belts and eating out less frequently, but sit-down restaurants like Chili’s and Cheesecake Factory are persevering because they’re delivering more value for about the same price as fast food.
