U.S. restaurant operators face increasing challenges in running a profitable business. Costs are increasing for food storage and food preparation, along with rising prices for meats and vegetables. On top of the steadily rising basic food costs are higher labor compensation levels for executives, managers and kitchen employees, coupled with a similar upward trend in … [Read more]
Tagged As "restaurant industry trends"
Hard to believe, but 2014 is officially half over. Whether you are dusting off your New Year’s resolutions or your business plan, it’s time to take one last glance in the rear view mirror and focus on the windshield. Our hot off the press Restaurant Industry Snapshot™ rolls up to year to date results that were officially deemed “lackluster”; positive 0.06% same store … [Read more]
Same-store sales growth in restaurants was positive during March. As expected, March brought good news for the restaurant industry once the crippling effect of this year’s unusually cold winter started fading away. This is the first time since November of 2013 that the industry reported positive growth in same-store sales; which further highlights the effect that the … [Read more]
The year continues to be disappointing for the restaurant industry as February again resulted in negative same-store sales. This represents the third consecutive month in which this key metric has shown decreasing sales, which hasn't occurred in over three years. This is clearly evidence of the predicament the industry faces during this unusually cold winter. This was … [Read more]
After a disappointing end to last year, 2014 began with the restaurant industry still showing signs of weakness as it continues to struggle with declining same-store sales and guest counts. This situation was exacerbated in January by the fact that once again, large regions of the country suffered from extreme winter storms that greatly impacted consumer spending in … [Read more]
When it comes analyzing the effect of the Super Bowl on the restaurant industry, usually the discussion centers on the boon experienced by those concepts that deliver pizza or where people can go pick up their chicken wings before heading home to watch the big game. But what about the effect on restaurants operating in the event’s host city? “The effect of the Super Bowl … [Read more]
As cheesy as it may sound, the Global Best Practices Conference really does act as a revival of sorts for all who attend. It’s a career revival, sparking business insights, new innovations and fresh ideas. The Global BPC accomplishes something that no other conference, to my knowledge, achieves. It strikes a perfect balance between a blueprint for business improvement and … [Read more]