Diners are reducing back

Some restaurant businesses report fewer customers. 

McDonald's & Chipotle say low-income customers pay less & visit more often. 

Starbucks, Bloomin' Brands, & Restaurant Brands International say consumer spending is stable. 

Some restaurants reported poorer sales or decreased traffic in the second quarter, indicating diners are cutting back to save money. 

CEOs disagree on how shifting customer behaviour affects their companies. 

McDonald's Chris Kempczinski & Chipotle's Brian Niccol told investors that low-income customers spend less & visit more often. 

Starbucks' Howard Schultz & Bloomin' Brands' David Deno haven't seen customers pull back. 

Restaurants are raising menu pricing to cover increasing ingredient & labour costs. 

According to the BLS, restaurant meal prices rose 7.7% in the year ending June. 

People are spending more for gas, toilet paper, & groceries, raising recession fears. 

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