A "location closed" sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024.
Here are the winners and losers of the restaurant industry in 2024:WINNER: ValueValue became restaurant CEOs' new favorite word this year as they sought to reverse falling sales and appeal to inflation-weary consumers.
The privately held chain, known for its chicken tenders, is the fourth-largest chicken chain in the U.S., with a market share of 7.8%, according to Barclays.
The chain could soon overtake KFC, the rare chicken chain that's struggled to resonate with U.S. consumers this year.
Scott Olson | Getty ImagesThose chicken chains are stealing market share from burgers.
Persons:
Patrick T, Fallon, Jennifer Jennings, RJ Hottovy, McDonald's, David Portalatin, Circana, Michael Zuccaro, Hottovy, Mookie Betts, Phillip Faraone, Scott Olson, Burger, Gordon Haskett, Burger King, Josh Kobza, Wendy's, Spongebob, Patty, Taco Bell, Paul Weaver, Yum, Selena Gomez's, Brian Niccol, Circana's, Roti, John Bringardner, Chipotle's, Chipotle, Scott Boatwright, Niccol, Piper Sandler, BTIG, Wingstop, They've, Circana's Portalatin, Chili's, Brinker, Kevin Hochman, Applebee's, Olive
Organizations:
AFP, Getty, Labor, Intelligence, Debtwire, CNBC, Yum Brands, Bell, LA Dodgers, Barclays, KFC, Rivals, for Disease Control, Prevention, Gordon Haskett Research, Burger King, Restaurant, Burger King's, Wolfe Research, Taco Bell, Taco, Starbucks, Street, Niccol, Dine Brands, Olive Garden, Darden, Brinker International, Triple
Locations:
Torrance , California, Tulsa , Oklahoma, Cane’s, Alhambra , California, U.S, Effingham , Illinois, Burger King's U.S, San Diego, Niccol, Wall, Texas, Olive