Why some chains falter on price hikes

P.F. Chang’s, Ruby Tuesday and IHOP rethink their pricing strategies after traffic drops

Halfway into a challenging year marked by rising commodity costs, menu pricing is expected to emerge as a key issue for restaurant chains as they struggle to drive customers through their doors.

The need for pricing to address soaring commodity inflation has been a common theme in earnings reports all year, and many in the restaurant world have raised prices to some degree in various ways —some for the first time in years. Others have price hikes scheduled for the second h

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