This is a Red Lobster news story, published by CNBC, that relates primarily to Wingstop news.
For more Red Lobster news, you can click here:
more Red Lobster newsFor more Wingstop news, you can click here:
more Wingstop newsFor more food news, you can click here:
more food newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best entertainment news, business news, world news, and much more. If you like food news, you might also like this article about
restaurant spending. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Restaurant Finance news, other food retailers news, food news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
underperforming restaurantsCNBC
•Entertainment
Entertainment
83% Informative
A rocky year for restaurants separated the industry's biggest chains into winners and losers.
Some chains like Chili's walked away winners, thanks to savvy promotions that emphasized value.
The industry's rocky year included 26 Chapter 11 bankruptcy filings from restaurant chains including Red Lobster and TGI Friday 's.
The value wars reignited this summer as chains took aim at their rivals in marketing.
Chick -fil-A, Raising Cane's and Wingstop are performing the best in 2024 .
Chick-fatters are gaining market share in the value-driven category.
McDonald's has seen its grip slip earlier this year as it scared off low-income consumers with its menu prices.
Taco Bell is another rare fast-food winner.
The fast-casual restaurant segment has seen traffic rise 3% through October compared with the year-ago period.
Wingstop 's quarterly same-store sales have climbed more than 20% in every report it's released this year .
VR Score
86
Informative language
86
Neutral language
51
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
3
Source diversity
3
Affiliate links
no affiliate links
