Square's report shows restaurant industry grappling with economic volatility, affecting consumer behavior, particularly declining tips and shifting preferences for online ordering and vegan options. Q1 2025 average tips dropped, impacting staff income. Online ordering is vital for growth, but profitability varies between delivery methods. Fast-casual and QSRs show resilience, investing in technology amid mixed consumer sentiment, as many cut dining spending. Overall, the industry adapts through tech and menu innovation to navigate economic challenges.
Fintech Firm Square’s Data Reveals How Economic Volatility Is Impacting Restaurant Sector
