Check out this Investor’s Business Daily story entitled “Restaurants Get Some Lift Despite Soft Environment” that suggests diners who are “trading down” are providing a boost for some restaurants.
Here’s an excerpt:
People who would be going to more expensive, full-service restaurants are opting to save a few dollars and eat at places such as Buffalo Wild Wings, Chipotle Mexican Grill or McDonald’s. All three of those companies surprised Wall Street with their quarterly results.
That’s “surprised” as in “surprised in a good way.”
Could it be … could it be that the economy has hit bottom and are beginning a long, slow climb out of the hole?
Many restaurant owners — and their employees — sure hope so.
Note: Nominate your favorite bargain dining spots in our Best of Dayton poll. The online voting will take place next week.Tweet