from beverages to food delivery and more, and today we talk suppliers names like chef's warehouse, sysco and tyson. our next guest has best positioned names as we head into this economic unknown. we welcome in nicole miller reagan, she's managing director of equity research at piper sandler. nicole, welcome. how would you kaucharacterize te restaurant business? it's not one entity and it's a bunch of different segment ins and how would you characterize it right now or segment it >> i would say this, that it's working really, really hard against the max cro and the mac will work harder to change the social engagement that customers are getting at restaurants right now. it's not to say it's easy. consumers are managing check they're managing how often they spend. yes, there 's a followout at th low end and a bigger picture at play and a non-discretionary staple like positioning that this space has as a part of the economy today. >> i just want to mention what i've seen. i'm just back from a two-week road trip across the heart of america, and i saw restaurants that were so full and had hour