54% of consumers are dining out less due to inflation per CORE Foodservice Division. 1/3 of consumers are trading down

Consumers dining out less, rank price more important: Acosta CORE report

About a third of consumers are choosing less expensive restaurants, deploying tactics to save money on meals

Despite inflation, consumers continue to dine out; but with prices rising, 54% of consumers are dining out less often. This is one of the observations that sales-and-marketing firm Acosta revealed via a recently-released report from its CORE Foodservice Division. Moreover, according to “The Why? Behind the Dine,” about a third of consumers are trading down rather than not going out, opting to eat at less expensive restaurants due to inflation. These diners are also seeking deals and choosing less expensive meals, indicates the report, which utilized an online survey to gather consumer insights.

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Black Tap Craft Burgers and Beer will open new locations in Dallas, Miami and Nashville next year

Black Tap Craft Burgers to open in Dallas, Miami, Nashville by early 2023

Black Tap Nashville earliest among new locations opening within in 2022, 2023

Black Tap Craft Burgers and Beer will open new locations in Dallas, Miami and Nashville by early 2023. Married couple and founders Chris Barish and Julie Mulligan will expand their brand of burgers and CrazyShake milkshakes to 21 locations worldwide. After the three openings, the burger chain will operate in six states and nine countries.

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Schlotzsky's unveiled its first double drive-thru Design 1000 prototype restaurant in Oklahoma City

Schlotzsky’s double drive-thru Design 1000 store unveiled in Oklahoma City

One lane designed exclusively for delivery orders; seatless restaurant also has walk-up window

Schlotzsky’s unveiled its first Design 1000 prototype restaurant in Oklahoma City. It was announced in the fourth quarter of 2020, along with Design 1800, the single drive-thru. In contrast, Design 1000 features two drive-thrus that were created on each side of the restaurant. This prototype reinforces the commitment of Schlotzsky’s to off-premises business, the sandwich chain announced in a statement.

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WOWorks acquired Barberitos Southwestern Grille and Cantina and Zoup! Eatery

WOWorks acquires Barberitos Southwestern Grille and Cantina, Zoup!

Parent of Saladworks, Garbanzo Mediterranean Fresh continues to build empire of fast-casual brands that beat to their own rhythm

WOWorks acquired Barberitos Southwestern Grille and Cantina and Zoup! Eatery. The parent of Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh, and The Simple Greek will be adding the two brands, which the companies feel share a “common core DNA,” to the fast-casual portfolio.

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US Foods announced that Pietro Satriano has stepped down as CEO as per a cooperation agreement with Sachem Head Capital Management

Sachem Head cooperation agreement with US Foods boots CEO Pietro Satriano

Activist investment firm strikes deal to install three directors, remove CEO Pietro Satriano

US Foods announced that Pietro Satriano has stepped down as CEO upon the request of the Board of Directors, as per a cooperation agreement with Sachem Head Capital Management. Satriano will not be standing for re-election to the board, either, and is leaving the company. This is the latest chapter in the months-long proxy fight between US Foods and Sachem Head, its largest investor, which took an activist position. At one time, Sachem Capital had attempted to install its own CEO.

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The top honors of the National ProStart Invitational in Washington, DC go to Caesar Rodney High School Camden, Delaware, and Texas' Ben Barber

Delaware, Texas teams take top prize at 2022 ProStart Invitational

Delaware wins culinary competition while Texas takes top prize for restaurant management

The top honors of the National Prostart Invitational in Washington, DC go to Caesar Rodney High School of Camden, Delaware, and Ben Barber Innovation Academy of Mansfield, Texas, earning first place finishes. The National Restaurant Educational Foundation (NRAEF) sponsored the ProStart event that hosted these and 80 other culinary and restaurant management teams.

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The National ProStart Invitational (NPSI) returned to an in-person format this year at the Washington Hilton in Washington, DC May 6 - 8

National ProStart Invitational 2022 inspires next generation of restaurant leaders

In-person event in Washington, DC returns for the first time since 2019

The National ProStart Invitational (NPSI) returned to an in-person format this year at the Washington Hilton in Washington, DC May 6 – 8. The event stands as a bright spot for the restaurant industry, which is recovering from the pandemic—a testament that the National Restaurant Association’s Educational Foundation arm and countless educators continue to advocate for the next generation of culinary professionals, owners and managers in the restaurant industry.

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The cost of menu inflation will impact consumer behaviors, including the frequency of dining out, notes MarketMan survey

Menu inflation to change consumer behaviors, visit frequency: MarketMan

66% think quality will decline as restaurants battle inflation from distributors; 75% will stick with familiar eateries rather than try something new

The cost of menu inflation will impact consumer behaviors, including the frequency of dining out at US restaurants. This will also impact consumer perception of restaurants as 74 percent of diners expect restaurants to cut portions in response to wholesale cost increases. Consumers anticipate restaurants will use a tactic to cut portions but maintain the same price, known in food retailing as “shrinkflation.” The nationwide survey commissioned by MarketMan, a back-of-house restaurant management software company, reveals insights from 1,500 US consumers.

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