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The Hustle Daily Show
Chain restaurants are back, baby (baby back, baby back)
Oct 23, 2023
Chain restaurants are making a comeback, growing again after struggling pre-pandemic. The podcast also covers net neutrality, Amazon's robot dreams, and bug proteins. They discuss Tyson's investment in Protics and Frito-Lay's Cheetos Bredsles. The revival of nostalgic chain restaurants like Texas Roadhouse and Outback Steakhouse is explored, along with the factors driving their resurgence. The rise of chain establishments in various industries is also discussed, and they promote their newsletter and mention being part of the Hustle podcast network.
13:14
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Quick takeaways
- Chain restaurants are experiencing a resurgence in popularity driven by nostalgia, consistency, and affordability.
- Chain restaurants are well-positioned to cater to modern conveniences such as delivery apps, making them convenient options for customers.
Deep dives
The Revival of Chain Restaurants
Chain restaurants, which were once deemed to be on the decline, are experiencing a resurgence in popularity. Texas Roadhouse, for instance, was named the fastest growing restaurant brand in the world with a 56% increase in value. The Melting Pot is renovating 90 of its current locations and plans to open 30 more. Outback Steakhouse is seeing a 61% sales jump in Brazil, and Olive Garden has witnessed an 11.6% sales growth. The nostalgia factor, combined with the consistency and affordability of chain restaurants, is driving their renewed success. Additionally, in a world plagued by rising food costs and inflation, customers are looking for deals and dependable dining options.
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Discover
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