From Chili's to burger chains, here are the restaurant industry winners and losers in 2024 [CNBC]
Wingstop Inc. (WING)
Last wingstop inc. earnings: 2/19 07:30 am
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Source: CNBC
The industry's rocky year included 26 Chapter 11 bankruptcy filings from restaurant chains including Red Lobster and TGI Friday's. But some chains like Chili's walked away winners, thanks to savvy promotions that emphasized value, while fast-casual eateries like Cava and Wingstop benefited from the segment's success. A rocky year for restaurants separated the industry's biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown more discerning about how they spend their dollars. “I've been eating out less this year – it tastes just as good, and it's way cheaper,” said Jennifer Jennings, who works in sales in Tulsa, Oklahoma. Prices for food away from home had risen 3.6% over the last 12 months as of November, according to the Labor Department's consumer price index. Grocery prices climbed just 1.6% during the same time, making cooking at home more attractive than dining out. In response, many consumers have cut their restaura
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WING
Earnings
- 10/30/24 - Miss
WING
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 3
- 12/18/24 - Form 3
- WING's page on the SEC website