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Here's a tip: Millennials don't tip

  • Danny Meyer of Shake Shack (NYSE:SHAK) fame has lit a torch under the national debate on tipping by announcing that he would do away with tipping at fine dining establishments owned by Union Square Hospitality Group.
  • If the trend takes off like some analysts believe it will with the Uber-generation, companies can adopt more revenue-sharing programs across employees and raise wages through menu prices increases.
  • Nation's Restaurant News notes millennials are used to paying all-inclusive "real" costs as opposed to the tip-for-service mindset of older generations.
  • It's unclear which restaurant chains would be helped or hurt the most by a broad no-tipping policy, although it's sure to lead to some cash flow redistribution.
  • Restaurant stocks: CAKE, CBRL, DRI, EAT, RRGB, RT, BWLD, BDL, NATH LUB, BLMN, TXRH, DENN, BBRG, DFRG, BOBE, RUTH, IRG, DIN, NDLS, BOJA, FRSH, RAVE, KONA, BGR, BJRI, FRS, CBRL, GTIM, TAST, ARKR, ZOES, PLAY, FOGO, ARCO, BH-OLD, IRG.

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Shake Shack Inc.