We want our food fast, and we want it CHEAP! Which has been bad for restaurants like Olive Garden, Red Lobster, Texas Roadhouse, Cheesecake Factory, Buffalo Wild Wings and Chili’s who have had less diners, meaning less profit. Places doing well are so-called fast-casual joints, such as are Chipolte Mexican, Five Guys and Panera Bread. New ‘meal deals’ on the way…
A Bank of America Merrill Lynch analysis says people are altering their dining preferences, opting for cheaper meals out.
Next week, Olive Garden will start a “two for $25″ promotion that offers unlimited soup or salad, two entrees and the choice of either an appetizer or dessert.
What is your favorite affordable place to go ‘out to eat?’