Restaurants - Coverage Report Q1 2019

Published on: 05/03/2019

More than one million restaurant locations exist in the US today and competition for customers is fierce. At the same time, operators are navigating a challenging shift in consumer preferences. As Baby Boomers retire and Millennials and Gen Xers show a preference for healthier, on-trend food largely from independent and small chains, many of the national chains, particularly in the Casual Dining sector, have lost market share. Mobile ordering, meal kits, and grocery delivery services are also contributing to declining traffic across categories.