Financing
The restaurant-grocery gap is narrowing
Grocers are raising prices, but restaurants are still increasing theirs at a faster rate, says RB's The Bottom Line.
Comps
One of the most common errors in the financial statements of restaurants is the incorrect recording of food and beverage comps — food or beverage served free of charge, or sold at prices lower than normal retail.
The economy seems to be coming out of its tailspin and restaurant and bar customers are returning to their seats. Now is the time to give them something to come back for. Off-premise, consumers have been trading down, but when they go out for a drink, they want a treat. Time to dust off the top shelf.