Consumers reduce their dining budgets or trade down to fast-food during recessions, analysts said. During economic downturns, restaurants feel the pain first as consumers tend to eat out less. Some consumers trade down from casual-dining favorites to fast-food chains, analysts said. Analysts predicted what top publicly traded chains could do well with consumers during a recession. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . A majority of Wall Street analysts have said the threat of a 2023 recession is real. Typically during a recession, restaurants feel the pain first. "People need to eat, but they don’t necessarily need to eat at restaurants," Mark Kalinowski , a restaurant analyst with Kalinowski Equity Research, told Insider. When times are tough, consumers either eat out less frequently or trade down from casual-dining favorites to fast-casual or fast-food chains because prices are lower and there’s […]
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