Author: Lex

2017 was a tough year for many chains, particularly of the mid-level variety: Casual dining stalwarts like Applebee’s, Chili’s, and TGI Fridays have had a rough go of things as customers abandon them for a bevy of reasons, from patronizing cheaper fast-casual chains to cooking at home more (hello, meal kits). But it wasn’t all bad news for chains: McDonald’s is on the upswing after years of declining sales, for instance, while Taco Bell has perfected its particular brand of millennial-bait junk food. (Eater)

McDonald’s launches its new Dollar Menu on Jan. 4. Nomura-Instinet analyst Mark Kalinowski raised his earnings expectations and stock target for McDonald’s Tuesday, calling it his top restaurant pick for 2018. (CNBC)

The idea is to discourage consumers from buying sugary drinks while raising revenue for nutrition and education programs. Some Seattle store owners say they may suffer collateral damage from the increased expense. (Seattle Times)