Chili's sales surge 31% as viral TikTok content and $6 margaritas boost foot traffic 20%.
Chili's Grill & Bar has seen a 31% increase in sales at its long-standing restaurants for the third consecutive quarter, with foot traffic up 20%. The chain's resurgence is attributed to viral social media content, especially TikTok videos, and affordable deals like $6 margaritas and a $10.99 meal. The company's stock rose 16% following the announcement, standing out in a struggling restaurant industry.
2 months ago
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