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Wait Times Increase This Month at Cheesecake Factory (NASDAQ:CAKE)
Tickermine interviewed employees of twenty-six Cheesecake Factory restaurants and found that the average wait time for a party of two is between 15 and 25 minutes at 38% of the restaurants polled. Customers wait 30 minutes at 35% of the restaurants and will wait less than 10 minutes at 23% of the restaurants surveyed.
Eleven (42%) restaurants reported that the average check size for a party of two is between $40 and $50. Five (19%) restaurants reported the average check size over $50. Employees at twenty (76%) restaurants reported that customers order cheesecake at least 50% of the time. When asked whether the restaurant was busier this month compared to last, fourteen (54%) said yes.
Cosi (NASDAQ:COSI) Business Steady
In a recent survey of Cosi restaurants, just 18% reported business is down vs. last year, compared with 37% in the May survey. Another 55% of respondents reported that business is the same as last year. 50% stated that the average tab for a party of two is less than $25. 68% feel that customers choose Cosi because of a specific menu item. The most popular menu item is the flatbread pizza (23% of mentions).
Take-Out Orders Are Up vs. Last Year, Say 43% of Olive Gardens (NYSE:DRI)
Grilled garlic shrimp pasta, lasagna classico, and chicken parmigiana are all tied for most popular entree at the Olive Garden, according to TickerMine's recent poll. Forty-three percent of responding restaurants said they are seeing more to-go orders than this time last year, suggesting that customers may be trying to save money by ordering carry-out rather than dining at the restaurant. The average tab for a party of two was evenly split between $25 to $35 and $36 to $45 (49% each). Only two percent of Olive Gardens polled said the typical bill for two people exceeds $65. All restaurants surveyed had been in business for at least a year.