food and beverage

Cava Sees IPO Success While Other Fast-Casuals Take Stock Market Hit

Cava Sees IPO Success While Other Fast-Casuals Take Stock Market Hit
Cava Sees IPO Success While Other Fast-Casuals Take Stock Market Hit
June 15, 2023  |  Markets

With the competitive environment for fast-casual chains looking for investors growing more crowded, other brands appear to be suffering from Cava’s success. Get the Full...

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Cava’s $318 Million IPO Haul Shows Industry’s Turn Toward Fast-Casual
Cava’s $318 Million IPO Haul Shows Industry’s Turn Toward Fast-Casual
June 15, 2023  |  IPO

Cava’s blockbuster initial public offering (IPO) comes as restaurant customers look to strike a balance between convenience and quality — the sweet spot for the...

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37% of Diners Use Social Media to Find New Dining Hot Spots
37% of Diners Use Social Media to Find New Dining Hot Spots
June 14, 2023  |  ResTech

As restaurants look to stay relevant in the ever-evolving social media landscape, their efforts are paying off, with PYMNTS data revealing that many restaurant customers...

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Gen Z’s Digital Shift Gives Rise to Self-Service College Dining
Gen Z’s Digital Shift Gives Rise to Self-Service College Dining
June 14, 2023  |  Connected Economy

With the rise in digital ordering and other convenience-focused technologies in recent years, college students increasingly expect to be able to eat what they want,...

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Consumers’ Wallets Get Break With Lower Egg Prices
Consumers’ Wallets Get Break With Lower Egg Prices
June 13, 2023  |  Consumer Payments

Eggs have been a major driver of grocery inflation’s persistence, with average prices in recent months rising more than 21% year over year, per the Bureau of...

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Aggregators Oppose NYC Driver Wage Increase, but Low Pay Threatens Retention
Aggregators Oppose NYC Driver Wage Increase, but Low Pay Threatens Retention
June 13, 2023  |  Aggregators

Restaurant aggregators may be against legislation to raise drivers’ pay, but without some kind of change to their gig workers’ pay structure, they struggle to...

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Grocers Address Consumers’ Digital Dissatisfaction With Omnichannel Upgrades
Grocers Address Consumers’ Digital Dissatisfaction With Omnichannel Upgrades
June 13, 2023  |  Innovation

Across the grocery industry, merchants are looking for ways to merge digital and brick-and-mortar experiences, especially given that, as PYMNTS research revealed, nearly half of...

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Uber Health Now Delivers Groceries and OTC Medications
Uber Health Now Delivers Groceries and OTC Medications
June 13, 2023  |  Healthcare

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