Square's Q4 2023 Restaurant Insights Unveiled!
Sanjana B | February 20, 2024
Square's latest Restaurant Industry Report delves into Q4 2023 trends, spotlighting breakfast delivery preferences and seasonal shifts.
Amid remote work's prevalence, breakfast delivery gains traction, while harsh weather amplifies delivery reliance in colder months. Ming-Tai Huh, Square's GM for Restaurants, underscores the necessity of adapting to evolving consumer behaviors.
Additionally, coffee aficionados note mochas as the priciest pick-me-up, with oat milk emerging as a close contender. Square's data reveals restaurants' avid adoption of Square Loans for growth initiatives, exemplified by La Pupusa Urban Eatery's expansion success.
California's impending $20 minimum wage for fast-food workers prompts anticipation and scrutiny nationwide.
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