RESTAURANT INSIGHTS | HIGH-END STEAKHOUSE SALES SLOW, MCD, FAST ACT - 2022 12 06 7 18 05

HIGH-END STEAKHOUSES WEEKLY DATA

                                                         COMP SALES            COMP COVERS

Week ending NOVEMBER 06          -2.1%                      -7.4%

Week ending NOVEMBER 13           0.4%                      -5.3%     

Week ending NOVEMBER 20           1.1%                      -4.5%

Week ending NOVEMBER 27          -0.9%                      -5.8%          

MONTH OF NOVEMBER 2022          -0.4%                    -5.7%

RESTAURANT INSIGHTS | HIGH-END STEAKHOUSE SALES SLOW, MCD, FAST ACT - 2022 12 06 7 23 05

MCD is not redefining delivery - itS noise

Apparently, McDonald's opened a new small-format test concept in Fort Worth, Texas, designed exclusively for to-go orders. The location includes a special drive-thru lane where the orders arrive on a food and beverage conveyor. The small-format restaurant also has a delivery pick-up room for mobile orders and kiosks for new orders. The order-ahead lane at the site deploys location customer tracking through the MCD app that allows employees to begin preparing customers’ orders when they are close to the restaurant. The new McDonald's (MCD) has several parking spaces dedicated to curbside order pickup and designated spots for delivery drivers. "As our customers’ needs continue to change, we are committed to finding new ways to serve them faster and easier than ever before," stated McDonald's development exec Max Carmona.

FAST-ACT UPDATE

The act calls for creating a Fast Food Council to set workers' wages and working conditions within California fast-food restaurants that are part of a chain of at least 100 units nationwide. Two of the ten council seats would be given to fast-food workers, and two more would be reserved for union representatives. Restaurant employers would also get four seats. Restaurant representatives say they have collected more than enough signatures from California residents to put a recall of the state’s Fast Act on the 2024 ballot, a step that would suspend the adoption of the controversial wage law until voters decide whether to keep it. The 1-million-plus signatures will now be vetted by county and state officials to verify their authenticity. The main proponent of the Fast Act, the Service Employees International Union (SEIU), has already leveled accusations that hired signature gatherers misled some voters when asking them to sign the petition for a recall vote. The union has aired videos that show the gatherers, known as circulators, telling would-be signers that the petition calls for raising fast-food workers’ pay and not to hold a referendum on the new wage law.

RESTAURANT INSIGHTS | HIGH-END STEAKHOUSE SALES SLOW, MCD, FAST ACT - 2022 12 06 7 18 34