US restaurant sales drop as Iran war pushes gasoline prices higher - Reuters
US restaurant sales drop as Iran war pushes gasoline prices higher Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Trump warns Iran after it targets UAE and other container ships with missiles."
— Trump , Politician
"it was 'extremely difficult for anyone to predict this macro environment.'"
— Michael Skipworth , Executive
"maintained an outlook of flat growth over the year."
— Adam Rymer , Executive
"his chain’s competitors ran promotions 'out of our playbook.'"
— Russell Weiner , Executive
"We’re seeing a record level of value menus right now."
— Mark Wasilefsky , Executive
"Expect shrinking sales over the year in part because of expectations that prices at the pump will remain elevated."
— Wingstop CEO , Executive
"Soaring gas prices played a role in an 8.7% plummeting in quarterly same-store sales."
— Michael Skipworth , Executive
"Provided an outlook of flat growth over the year, which he associated partially to skepticism over the Iran war and gas prices."
— Adam Rymer , Executive
"His restaurant chain's competitors marketed promotions like Domino's, partly contributing to the chain's weaker-than-expected growth."
— Russell Weiner , Executive
"It was 'extremely difficult for anyone to predict this macro environment.'"
— Michael Skipworth , Executive
"Uncertainty over the war and gasoline prices."
— Adam Rymer , Executive
"His chain’s competitors ran promotions 'out of our playbook.'"
— Russell Weiner , Executive
"We’re seeing a record level of value menus right now."
— Mark Wasilefsky , Executive
"The company had gained among lower-income consumers who saw the chain’s beverages as 'a little bit of indulgence.'"
— Brian Niccol , Executive
Key People
Chief Financial Officer of Chipotle.
Brian Niccol is the CEO of Starbucks, overseeing its global operations.
Head of restaurant finance at TD Bank.
CEO of Wingstop.
CEO of Domino's.
Donald Trump is the former President of the United States.
The CEO of Wingstop, a popular chicken-wing chain.
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<a href="https://news.google.com/rss/articles/CBMirAFBVV95cUxQRzl3R2pyaUFGcC16Q2dlUkJoQnVFNmNYMG1DRXlLNkU3eF8tdGlMV1p4NFhCNVdIc0JQdUczWU1jY1NJTTViMVd6SWJZYktaUkdrUmtYdFhPNHdXYXpBOEhxQ0ZoQXNOWnI0R3JsRHRmTWxYTGRLSGh6UEIzVl90ZHhKWWFDV09WZWUzel9peHVhQ1lPOWgtSlBFYnpCZDQxUDF6RVdjYmN5SlJM?oc=5" target="_blank">US restaurant sales drop as Iran war pushes gasoline prices higher</a> <font color="#6f6f6f">Reuters</font>

Several U.S. restaurant chains, including Wingstop and Domino's, reported weaker-than-expected sales growth, attributing the decline to soaring gasoline prices caused by the U.S.-Israeli war on Iran, which have led consumers to cut back on other spending.
Several U.S. restaurant chains, including Wingstop and Domino's, reported weaker-than-expected sales growth, citing soaring petrol prices due to the U.S.-Israeli war on Iran, which have forced customers to reduce other expenditures.
Several U.S. restaurant chains, including Domino's and Wingstop, reported declining sales growth in the latest quarter, attributing the slowdown to high gas prices driven by the war in Iran, which are weighing on consumers and forcing them to cut back on spending.
Restaurants are experiencing declining sales as consumers become more conservative with their overall spending due to the ongoing U.S. conflict with Iran, which is driving up gas prices. Major restaurant chains like Wingstop and Domino's reported lower-than-projected sales, and other restaurants may be affected.
Several U.S. restaurant chains, including Wingstop and Domino's, reported weaker-than-expected sales growth, citing soaring gasoline prices caused by the U.S.-Israeli war on Iran, which have forced customers to cut back on other spending.
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