Food Food Resigns Supreme as Restaurants Struggle With Inflation

Food Food Resigns Supreme as Restaurants Struggle With Inflation

THE SIGNAL

A girl waiting in line to pick up an order at a McDonald’s restaurant.Oleksii Chumachenko | SOPA Images | Lightrocket | Getty ImagesFast-food chains are looking like the big winners in the fourth quarter — and beyond — as fast-casual and casual-dining restaurants struggle to attract customers.Many publicly traded restaurant companies haven’t reported their latest quarterly results yet, but for those that have, a pattern is emerging. Inflation-weary customers pulled back their restaurant spending during the holiday season, just as they spent less than expected at retailers. Savvy fast-food chains appealed to those consumers with value menus and enticing promotions, drawing in customers across the income spectrum.related investing newsGenerally, the fast-food sector fares better than the rest of the indust …

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