Restaurants

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McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise
July 29, 2024  |  Earnings

McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip...

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Square Teams With US Foods as Restaurants Face Digital Opportunities
Square Teams With US Foods as Restaurants Face Digital Opportunities
July 25, 2024  |  Partnerships

Square has launched a partnership with foodservice distributor US Foods. “For over a decade, hundreds of thousands of food and beverage businesses have relied on...

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Amex Courts Gen Z and Millennial Diners With Gold Card Updates
Amex Courts Gen Z and Millennial Diners With Gold Card Updates
July 25, 2024  |  Credit Cards

American Express is hoping to attract younger consumers with its latest card update. Amex on Thursday (July 25) announced a new version of its Consumer Gold Card, offering...

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3 Big Ideas From PYMNTS Intelligence’s Restaurants’ Digital Transformation Report
3 Big Ideas From PYMNTS Intelligence’s Restaurants’ Digital Transformation Report
July 24, 2024  |  Restaurant innovation

The restaurant industry faces a pivotal opportunity with the rise of frictionless digital payments, responding to growing customer demand for convenience. Despite these advancements, adoption...

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Coca-Cola’s Revenues Grow 15% Despite ‘Soft Spots’ Among Consumers
Coca-Cola’s Revenues Grow 15% Despite ‘Soft Spots’ Among Consumers
July 23, 2024  |  Earnings

Consumer caution does not seem to be hurting the Coca-Cola Company. The food and beverage giant released earnings Tuesday (July 23) showing its organic revenues growing 15%, with...

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Gen Z Drives Travel Spending Surge for Live Events
Gen Z Drives Travel Spending Surge for Live Events
July 22, 2024  |  Travel Payments

As young consumers look for meaningful, in-person experiences, more are traveling for ticketed events, driving vacation spending. A recent report from Allianz Partners found that...

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Fast Food Brands Struggle as Consumer Sentiment Sours
Fast Food Brands Struggle as Consumer Sentiment Sours
July 21, 2024  |  Retail

Restaurant stocks have been struggling this summer, though it’s not quite clear why. As Seeking Alpha reported Sunday (July 21), weakening consumer confidence and consumer...

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Restaurants Tinkering With Subscriptions Turn From Freebies to Discounts
Restaurants Tinkering With Subscriptions Turn From Freebies to Discounts
July 19, 2024  |  Subscriptions

As the restaurant industry aims to figure out how to use subscriptions to drive loyalty, some are finding that offering free menu items is not...

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Domino’s Loyalty Refresh Doubles Members’ Pickup Orders Amid Consumer Hesitance
Domino’s Loyalty Refresh Doubles Members’ Pickup Orders Amid Consumer Hesitance
July 18, 2024  |  Loyalty & Rewards

As consumers cut back their overall spending, Domino’s has been able to get its loyalty members to buy more by offering more effective rewards. On...

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