"All Restaurants now are Taco Bell"

Fast food reigns supreme as inflation weighs on pricier restaurants

Fast-food chains are looking like the big winners in the fourth quarter — and beyond — as fast-casual and casual-dining restaurants struggle to attract customers.

Many publicly traded restaurant companies haven’t reported their latest quarterly results yet, but for those that have, a pattern is emerging. Inflation-weary customers pulled back their restaurant spending during the holiday season, just as they spent less than expected at retailers. Savvy fast-food chains appealed to those consumers with value menus and enticing promotions, drawing in customers across the income spectrum.

Generally, the fast-food sector fares better than the rest of the industry during times of economic uncertainty and downturns.

https://www.cnbc.com/2023/02/09/mcdonalds-taco-bell-owner-earnings-season-winners.html