Restaurant stocks have exploded since the election. They have been lead by the very big companies and the stocks have risen by 25 percent since November. The presidential election was very good for the stocks in restaurants. Many big restaurant companies have seen a large boom recently. McDonald’s and Texas Roadhouse are two places that have gotten a huge push. Many of these companies have earned investor confidence and that is a really good sign for these companies.

Key Takeaways:

• To be sure, the market as a whole has skyrocketed over that time, rising 14 percent, according to the S&P 500 index. Still, restaurants are outperforming the broader market.
• Much of the industry’s strength is coming from the top. Several big restaurant companies have seen strong performance this year.
• McDonald’s Corp., for instance, hit an all-time high and passed $150 per share for the first time in company history.

“Since Donald Trump won the presidency in November 2016, restaurant stocks have risen 25 percent.”

Read more: http://www.nrn.com/stock-data/restaurant-stocks-have-exploded-election

The Union Square Hospitality Group is eliminating tips in their establishments. They plan to have all of their New York full service restaurants on this new policy. This policy is intended to improve retention of employees and improve fairness in wages. The tips are made up in employees’ wages by taking the tip line off of receipts and raising the price of menu items instead. This model has been working well so far and proponents of this policy believe that it is beneficial to employees because they will always be paid. Staff that rely on tips are always taking the chance that guests will choose not to tip.

Key Takeaways:

• Tipping can be a deterrent in customer service and companies can succeed without it.
• Raising menu prices may seem ineffective until the customer realizes saving in tipping.
• No tipping is mostly done in fine dining restaurants but can also be implemented in others.

“Meyer and his team eliminated the tip line on checks and raised menu prices in a model the company dubbed “Hospitality Included.””

Read more: http://www.restaurant-hospitality.com/back-house/union-square-hospitality-group-sees-progress-no-tipping-policy