Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

Restaurant menu prices hit another 40-year high in June

Prices for full-service restaurants rose 8.9% on an annual basis while fast-food meals increased 7.4% as overall inflation rose at its highest rate since 1981.

Financing

A look at rising menu price inflation

Prices hit a 40-year high again in June. But overall inflation has been worse.

The food-and-games chain said it has four locations that are “big and unwieldy” and might make more sense as units of its recently acquired eatertainment brand.

Tim Gayhart bought the 44-unit pizza concept for an undisclosed amount from The Deters Company. He’s been a franchisee since 1991.

The burger giant is buying out Caspers Company, whose family has run the business for more than 60 years, and which was instrumental in creating the National Owners Association.

The interim CEO outlined five “bold moves” that will outline the brand’s reinvention, though he provided few details, saying they will come in the next few weeks.

The Bottom Line: The industry remains 700,000 workers behind where it was before the pandemic, even as sales have recovered. Why is the business so far behind?

Hospitality establishments can deduct their sales from what they owe the state, up to $70,000 per month. The break expires at the end of September.

The industry added 40,800 jobs in June, continuing a generally slower rate of hiring. But wage growth was at its lowest level in months.

The chain of revolving sushi restaurants saw stock soar more than 30% on Friday after it said sales and profits were better than expected.

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