facebook pixal

economy

Financing

Fast food restaurants are taking a lot of price, and executives are OK with that

The Bottom Line: Operators are raising prices at levels not seen in decades. They say consumers are paying them. But that may only last so long.

Financing

Russian invasion of Ukraine leads to fears of more inflation

Oil and corn prices soared, leading to inflationary concerns. But stocks had a roller-coaster day. And operators don’t fear more supply disruptions, at least yet.

Industry sales declined for the third time in four months in January, according to new federal data. And the slowdown appeared to accelerate.

Both limited-service and full-service restaurants raised prices at least 7% over the past year as their own costs rose. But grocery prices are soaring, too.

Industry sales growth slowed but did not decline last month, as consumers still flexed their spending muscle.

The industry lost 41,500 jobs in August, ending a long period of growth, as the delta variant strikes around the country.

The index hit its lowest level since February as the delta variant spreads. Other data show reluctance to visit restaurants. But Black Box data remains strong.

This week’s episode of the RB podcast “A Deeper Dive” features Michael Swanson, Wells Fargo economist, talking about the state of the industry.

The industry is adding jobs at a seemingly breakneck pace, but it could be next year before it gets to pre-pandemic levels.

Several restaurant chains are pushing aggressive development and signing more operators as they look toward recovery, says RB’s The Bottom Line.

  • Page 2