Square’s Post

New Square data out today on how economic pressures are changing consumer spending and restaurant industry dynamics: 💰Tipping is trending downward across the board – from 15.17% to 14.99% on average, with even traditionally high-tipping bars seeing declines. As tips fall – and workers may start looking for better places to work – we could see a return to some labor insecurities for the industry. ☕ Oat milk is dominating coffee orders in coastal states, reaching nearly 50% of orders in places like New Mexico and Maine, while costs are dropping. 🍔 Quick-service restaurants are showing the strongest profitability metrics across the board, with fine dining leaning in on customer experience. 🥡 First-party online ordering is delivering 64% higher profit margins compared to third-party delivery platforms. Dive into our full report to see how restaurants are adapting to these changes and what it means for the industry’s future: https://xmrrwallet.com/cmx.plnkd.in/e_cvvXc3