Restaurant365 released findings from its midyear industry survey, revealing nearly 3,700 locations’ top challenges and opportunities.
This article first appeared in Modern Restaurant Management.
Participants reported continued food and labor cost increases with slight shifts compared to the end of 2023. So far this year, 80 percent said labor costs increased, with 64 percent noting it at 1 percent to 5 percent. Those totals are down from the end of 2023 when 89 percent said labor costs increased, with 54 percent reporting 1 percent to 5 percent. Meanwhile, 80 percent of operators said food costs are up, with 51 percent saying 1 percent to 5 percent and 40 percent putting the increase at 6 percent to 14 percent. Â
Looking at potential top challenges for the rest of the year, 38 percent identified sales as the top concern, 24 percent said recruiting and retaining staff, 18 percent said labor costs, and 16 percent said food costs.Â
Read the full article in Modern Restaurant Management.Â
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